Brazil on Wednesday became the first major Latin American nation to suspend Boeing 737 MAX 8 aircraft from flying after a request from the country’s federal chief prosecutor following Sunday’s deadly crash of an Ethiopian Airlines plane.
Wells Fargo & Co gave Chief Executive Tim Sloan a 5 percent pay raise for 2018, prompting the Federal Reserve to release a statement saying that it does not sign off on executive pay.
U.S. airlines that operate the 737 MAX – Southwest Airlines Co, American Airlines Group Inc and United Airlines – said their focus following the plane’s grounding was on finding alternatives for affected customers as quickly as possible.
A consortium that includes SoftBank Group Corp is in late-stage talks to invest $1 billion or more into Uber Technologies Inc’s self-driving vehicle unit, the Wall Street Journal reported on Wednesday, citing people familiar with the negotiations.
Panama’s Copa Holdings said on Wednesday it would suspend operations of its six Boeing 737 MAX 9 aircraft, the latest airline in the region to ground planes in the wake of Sunday’s crash of an Ethiopian Airlines plane.
Sports Direct said on Wednesday it offered Debenhams an interest-free loan in return for a further 5 percent stake, just as the department store chain was on the brink of securing funds to fend off a bid from Sports Direct’s founder, Mike Ashley, to take charge of the company.
U.S. stocks rose on Wednesday, led by gains in healthcare shares, and Boeing edged upward even as the United States joined other nations in grounding the company’s 737 MAX jets.
U.S. President Donald Trump said on Wednesday he was in no rush to complete a trade pact with China and insisted that any deal include protection for intellectual property, a major sticking point between the two sides during months of negotiations.
World equity markets advanced broadly on Wednesday after U.S. data again showed risk-friendly low inflation, which weakened the dollar, while Boeing shares gained even as the United States said it would ground the company’s 737 MAX aircraft.
Three generations of a Canadian family were among the 157 people who perished when Ethiopian Airlines Flight ET 302 crashed on Sunday, a relative confirmed on Wednesday.
Sports Direct said on Wednesday it has made an alternative loan proposal to Debenhams, just as the department store chain was on the brink of securing funds to fend off Mike Ashley’s bid to take charge of the company.
Exxon Mobil Corp is considering exploring for oil and gas in Israel, said a person with direct knowledge of the matter, in what would make Exxon the first oil major to operate in the country still technically at war with Gulf Arab states.
The United States expects it will take months before a software fix for Boeing 737 Max planes is complete, the acting administrator of the Federal Aviation Administration said on Wednesday, adding that he does not know how long the country’s grounding of the aircraft will last.
The United States on Wednesday grounded Boeing Co’s 737 MAX jets, citing new satellite data and evidence from the scene of Sunday’s crash of an Ethiopian Airlines plane that killed 157 people, the second disaster involving the 737 in less than five months.
The Federal Aviation Administration said Wednesday it plans to open a proceeding into two fatal Boeing Co 737 MAX 8 plane crashes after it said data showed “some similarities” in the Lion Air and Ethiopian Airlines crashes.
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