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Home2019March

Month: March 2019

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Business News

Hopes of Fed standing pat on rate hikes drive Wall Street higher

March 19, 2019 admin Comments Off on Hopes of Fed standing pat on rate hikes drive Wall Street higher

Wall Street’s main indexes climbed on Tuesday, as investors hoped for a more accommodative policy stance at the end of the Federal Reserve’s two-day meeting this week.

…read more […]

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Business News

Transport Canada sending team to assist with proposed software changes for 737 MAX

March 19, 2019 admin Comments Off on Transport Canada sending team to assist with proposed software changes for 737 MAX

Transport Canada said on Tuesday it would send a team to assist the U.S. Federal Aviation Administration in evaluating proposed design changes to update the software on Boeing’s now grounded 737 MAX jet.

…read more […]

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Business News

General Motors to invest $2.7 billion in Brazil’s Sao Paulo state, maintain 15,000 jobs

March 19, 2019 admin Comments Off on General Motors to invest $2.7 billion in Brazil’s Sao Paulo state, maintain 15,000 jobs

General Motors said on Tuesday it would invest 10 billion reais ($2.65 billion) in two of its Brazilian plants located in the state of Sao Paulo.

…read more […]

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Business News

Global shares at five-month high, sterling rides Brexit twists

March 19, 2019 admin Comments Off on Global shares at five-month high, sterling rides Brexit twists

Stock markets across the world rose on Tuesday for a seventh session, the longest winning streak of the year, while sterling wobbled against the U.S. dollar on expectations European Union officials would allow Britain a delay on Brexit negotiations.

…read more […]

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Business News

Ethiopian crash crew’s voices may unlock high-stakes Boeing inquiry

March 19, 2019 admin Comments Off on Ethiopian crash crew’s voices may unlock high-stakes Boeing inquiry

The investigation into the final minutes of Ethiopian Airlines Flight 302 turned on Tuesday to the secrets in the cockpit voice recorder as Boeing and a shaken global aviation industry hung on the outcome.

…read more […]

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Business News

EU to study Boeing software updates before allowing flights to resume

March 19, 2019 admin Comments Off on EU to study Boeing software updates before allowing flights to resume

The European Union will not allow models of the Boeing aircraft that crashed in Ethiopia to fly in its skies until it has received sufficient guarantees from the U.S. planemaker, the head of the bloc’s aviation safety agency said.

…read more […]

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Business News

U.S. factory orders barely rise; shipments fall further

March 19, 2019 admin Comments Off on U.S. factory orders barely rise; shipments fall further

New orders for U.S.-made goods rose less than expected in January and shipments fell for a fourth straight month, offering more evidence of a slowdown in manufacturing activity.

…read more […]

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Business News

Lenders and travelers stick with Ethiopian Airlines, for now

March 19, 2019 admin Comments Off on Lenders and travelers stick with Ethiopian Airlines, for now

Financiers, passengers and industry partners are, for now, still backing Ethiopian Airlines’ quest to become Africa’s dominant carrier, despite a March 10 crash that killed 157 people.

…read more […]

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Business News

Jet Airways crisis worsens as Indian government steps in, pilots threaten strike

March 19, 2019 admin Comments Off on Jet Airways crisis worsens as Indian government steps in, pilots threaten strike

A crisis at India’s Jet Airways deepened on Tuesday as an increasingly worried Indian government called for an emergency meeting, angry passengers demanded refunds and pilots threatened to go on strike over unpaid salaries.

…read more […]

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Business News

Wall Street higher as Fed expected to hold fire

March 19, 2019 admin Comments Off on Wall Street higher as Fed expected to hold fire

U.S. stocks rose on Tuesday with technology and financial shares leading gains, as investors expected a more accommodative policy stance at the end of the Federal Reserve’s two-day meeting this week.

…read more […]

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Business News

U.S. factory orders rise less than expected in January

March 19, 2019 admin Comments Off on U.S. factory orders rise less than expected in January

New orders for U.S.-made goods rose less than expected in January, held back by decreases in orders for computers and electronic products, in another indication of slowing manufacturing activity.

…read more […]

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Business News

Hackers hit aluminum maker Hydro, knock some plants offline

March 19, 2019 admin Comments Off on Hackers hit aluminum maker Hydro, knock some plants offline

Norsk Hydro, one of the world’s largest producers of aluminum, battled on Tuesday to contain a cyber attack which hit parts of its production, sending its shares lower and aluminum prices higher.

…read more […]

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Business News

Murdoch’s new Fox debuts on Nasdaq, names ex-Speaker Paul Ryan to board

March 19, 2019 admin Comments Off on Murdoch’s new Fox debuts on Nasdaq, names ex-Speaker Paul Ryan to board

Fox Corp debuted on the Nasdaq on Tuesday, marking a new phase for billionaire Rupert Murdoch’s media business after the $71 billion sale of Twenty-First Century Fox Inc’s film and television assets to Walt Disney Co.

…read more […]

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Business News

Murdoch’s new Fox Corp appoints ex-Speaker Paul Ryan to board

March 19, 2019 admin Comments Off on Murdoch’s new Fox Corp appoints ex-Speaker Paul Ryan to board

Fox Corp on Tuesday appointed former U.S. House Speaker Paul Ryan, Chief Executive Officer of Formula One Group Chase Carey and two others to its board.

…read more […]

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Business News

Shares gain as Fed looms, pound rides new Brexit twists

March 19, 2019 admin Comments Off on Shares gain as Fed looms, pound rides new Brexit twists

World shares basked in their longest winning streak of the year ahead of a Federal Reserve meeting on Tuesday, while the pound kept calm after another dramatic twist in the Brexit plot bolstered bets on a lengthy delay to the process.

…read more […]

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