More than 300 Boeing 737 MAX 8 and MAX 9 passenger jets around the world have been taken out of service following two fatal crashes over the past five months in Ethiopia and Indonesia that killed almost 350 people combined.
The U.S. Securities and Exchange Commission sued Volkswagen AG and its former chief executive Martin Winterkorn over the German automaker’s diesel emissions scandal, accusing the company of perpetrating a “massive fraud” on U.S. investors.
Tesla Inc unveiled its Model Y electric sports utility vehicle on Thursday evening in California, promising a much-awaited crossover that will face competition from European car makers rolling out their own electric rivals.
The Boeing 737 Max 8 that crashed in Ethiopia on Sunday killing 157 people requested permission to return to Addis Ababa airport three minutes after takeoff as it accelerated to abnormal speed, the New York Times reported.
Asian stocks stepped ahead on Friday as sentiment improved on a report that more progress has been made in U.S.-China trade talks and after UK lawmakers voted to delay a potentially chaotic exit from the European Union.
Huawei Technologies Co Ltd’s Chief Financial Officer Meng Wanzhou had been looking for another job when she was arrested in Canada last December on a U.S. warrant, the firm’s founder said in an interview aired on Thursday.
The crash of Boeing Co’s 737 MAX 8 passenger jet in Ethiopia raises the chances that families of the 157 victims, even non-U.S. residents, will be able to sue in U.S. courts, where payouts are larger than in other countries, some legal experts said.
Hong Kong’s securities regulator banned UBS from leading initial public offerings (IPOs) in the city for a year, while fining it and rivals including Morgan Stanley a combined $100 million for due diligence failures on a series of IPOs.
Asian stocks made modest gains on Friday, tracking improved global sentiment after UK lawmakers voted to delay Brexit and as a weaker yen supported Japanese shares, but a fresh flare up in U.S.-China trade concerns is expected to cap gains.
Chinese Vice Premier Liu He spoke by telephone with U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer and the two sides made further substantive progress on trade talks, Xinhua news agency said on Friday.
China’s move to ground Boeing Co’s 737 MAX jetliners following the deadly Ethiopian Airlines crash has cast a shadow over the American planemaker’s immediate hopes for a major jet order linked to a U.S.-China trade deal, industry sources said.
A U.S. federal judge has issued a preliminary ruling that Qualcomm Inc owes Apple Inc nearly $1 billion in patent royalty rebate payments, though the decision is unlikely to result in Qualcomm writing a check to Apple because of other developments in the dispute.
China’s move to ground Boeing Co’s 737 MAX jetliners following the deadly Ethiopian Airlines crash has cast a shadow over the American planemaker’s immediate hopes for a major jet order linked to a U.S.-China trade deal, industry sources said.
China’s aviation regulator gained global attention when it became the first to ground Boeing’s 737 MAX aircraft following Sunday’s deadly plane crash in Ethiopia.
TPG Capital said on Thursday it had fired senior executive Bill McGlashan after he was charged in connection with a U.S. college fraud scheme that has ensnared Hollywood celebrities and corporate elite.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
