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Home2019March

Month: March 2019

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Business News

New Zealand suspends Boeing 737 MAX flights

March 13, 2019 admin Comments Off on New Zealand suspends Boeing 737 MAX flights

New Zealand’s aviation regulator on Wednesday suspended Boeing Co 737 MAX aircraft from flying to or from the country, following fatal crashes involving the U.S. planemaker’s model in Indonesia and Ethiopia.

…read more […]

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DoubleLine’s Jeffrey Gundlach calls Modern Monetary Theory a ‘crackpot’ idea

March 13, 2019 admin Comments Off on DoubleLine’s Jeffrey Gundlach calls Modern Monetary Theory a ‘crackpot’ idea

Jeffrey Gundlach, the chief executive of DoubleLine Capital and Wall Street’s Bond King, called the increasingly popular Modern Monetary Theory backed by progressives a “crackpot” idea.

…read more […]

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Bermuda prohibits Boeing 737 MAX from its airspace

March 13, 2019 admin Comments Off on Bermuda prohibits Boeing 737 MAX from its airspace

Bermuda has prohibited Boeing’s 737 MAX 8 and 737 MAX 9 aircraft from its airspace until further notice following Sunday’s deadly plane crash in Ethiopia, the British overseas territory’s aviation authority said on Tuesday.

…read more […]

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DoubleLine’s Gundlach calls Modern Monetary Theory a ‘crackpot’ idea

March 13, 2019 admin Comments Off on DoubleLine’s Gundlach calls Modern Monetary Theory a ‘crackpot’ idea

Jeffrey Gundlach, the chief executive of DoubleLine Capital and Wall Street’s Bond King, called the increasingly popular theory backed by progressives – the Modern Monetary Theory – a “crackpot” idea.

…read more […]

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U.S. will not ground Boeing 737 MAX planes after Ethiopia crash

March 13, 2019 admin Comments Off on U.S. will not ground Boeing 737 MAX planes after Ethiopia crash

The U.S. aviation regulator said on Tuesday it would not ground Boeing 737 MAX planes after a crash in Ethiopia which killed 157 people, bucking a trend of countries around the world that have suspended the aircraft’s operations.

…read more […]

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Bayer Roundup cancer trial goes to jury after closing arguments

March 13, 2019 admin Comments Off on Bayer Roundup cancer trial goes to jury after closing arguments

A trial in which a California man alleged his use of Bayer AG’s glyphosate-based Roundup weed killer caused his cancer went to a federal U.S. jury after lawyers for both sides delivered their closing arguments on Tuesday.

…read more […]

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Rite Aid shakes up top management, to cut about 400 jobs in restructuring

March 13, 2019 admin Comments Off on Rite Aid shakes up top management, to cut about 400 jobs in restructuring

Rite Aid Corp said on Tuesday its chief executive officer would exit as part of a revamp of its top deck, and that it would slash about 400 job corporate positions.

…read more […]

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U.S. Bayer Roundup cancer trial goes to jury after closing arguments

March 13, 2019 admin Comments Off on U.S. Bayer Roundup cancer trial goes to jury after closing arguments

A trial in which a California man alleged his use of Bayer AG’s glyphosate-based Roundup weed killer caused his cancer went to a federal U.S. jury after lawyers for both sides delivered their closing arguments on Tuesday.

…read more […]

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U.S. FAA will not order immediate grounding of Boeing 737 MAX

March 13, 2019 admin Comments Off on U.S. FAA will not order immediate grounding of Boeing 737 MAX

The Federal Aviation Administration said on Tuesday it will not ground the Boeing 737 MAX that has been involved in two fatal crashes since October despite a growing number of countries ordering the planes to stop flying.

…read more […]

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Elon Musk’s defense of his Tesla tweet will get SEC response

March 12, 2019 admin Comments Off on Elon Musk’s defense of his Tesla tweet will get SEC response

The top U.S. securities regulator received permission from a federal judge on Tuesday to respond to Tesla Inc Chief Executive Elon Musk’s arguments that his Twitter post about the electric vehicle maker’s production volume did not violate his recent fraud settlement.

…read more […]

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EU suspends Boeing 737 MAX flights, U.S. senators suggest similar move

March 12, 2019 admin Comments Off on EU suspends Boeing 737 MAX flights, U.S. senators suggest similar move

The European Union’s aviation safety regulator on Tuesday suspended all flights in the bloc by Boeing 737 MAX and the U.S. Senator who chairs a panel overseeing aviation suggested the United States take similar action following a crash in Ethiopia that killed 157 people.

…read more […]

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Stocks rise on tame U.S. inflation, dollar eases

March 12, 2019 admin Comments Off on Stocks rise on tame U.S. inflation, dollar eases

A gauge of world equity markets rose and the dollar eased on Tuesday after a tame reading on U.S. inflation reinforced expectations the Federal Reserve will not raise interest rates anytime soon, while Boeing shares slid for a second day.

…read more […]

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U.S. Senate to hold crash hearing as lawmakers urge grounding Boeing 737 MAX 8

March 12, 2019 admin Comments Off on U.S. Senate to hold crash hearing as lawmakers urge grounding Boeing 737 MAX 8

The head of a U.S. Senate panel said on Tuesday he plans to hold a hearing on the fatal crashes of two Boeing Co 737 MAX 8 jets since October as a growing number of lawmakers called on U.S. regulators to ground the airplane.

…read more […]

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Trump tweets on airplanes, speaks to Boeing CEO in wake of 737 MAX crash

March 12, 2019 admin Comments Off on Trump tweets on airplanes, speaks to Boeing CEO in wake of 737 MAX crash

President Donald Trump, concerned about the deadly crash of a Boeing 737 MAX passenger plane in Ethiopia, spoke to Boeing Chief Executive Dennis Muilenburg on Tuesday and received assurances that the aircraft was safe, two people briefed on the call said.

…read more […]

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S&P, Nasdaq rise on tame inflation data; Dow felled by Boeing

March 12, 2019 admin Comments Off on S&P, Nasdaq rise on tame inflation data; Dow felled by Boeing

The S&P 500 and the Nasdaq rose on Tuesday after tame inflation data underscored the Federal Reserve’s dovish stance on interest rate hikes, but the Dow ended lower as Boeing’s shares sank for a second day after one of its planes crashed in Ethiopia.

…read more […]

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