No Picture
Trading Ideas

EU antitrust regulators to probe Boeing, Embraer deal

EU antitrust regulators opened on Friday a full-scale investigation into Boeing’s bid for a controlling stake in Embraer’s commercial aircraft arm, saying the deal may reduce competition and push up prices. The European Commission said the deal would remove world No. 3 player Embraer from the commercial aircraft industry while potential rivals from China, Japan and Russia would be unable to fill the gap in the next decade because of the high barriers to entry. The deal would also remove Embraer from the overall single aisle plane market. …read more […]

No Picture
Trading Ideas

EU antitrust regulators to probe Boeing, Embraer deal

EU antitrust regulators opened on Friday a full-scale investigation into Boeing’s bid for a controlling stake in Embraer’s commercial aircraft arm, saying the deal may reduce competition and push up prices. The European Commission said the deal would remove world No. 3 player Embraer from the commercial aircraft industry while potential rivals from China, Japan and Russia would be unable to fill the gap in the next decade because of the high barriers to entry. The deal would also remove Embraer from the overall single aisle plane market. …read more […]

No Picture
Trading Ideas

U.S. NHTSA reviewing claims 2,000 Tesla vehicles should have been recalled

The U.S. National Highway Traffic Safety Administration (NHTSA) said on Friday it is reviewing a defect petition that claims Tesla Inc failed to issue a recall when it issued a software upgrade in 2,000 Model S and Model X vehicles in May. NHTSA said Friday it had opened a formal review to evaluate the petition’s claims. Tesla did not immediately respond to requests for comment. …read more […]

No Picture
Trading Ideas

UPDATE 1-U.S. NHTSA reviewing claims 2,000 Tesla vehicles should have been recalled

The U.S. National Highway Traffic Safety Administration (NHTSA) said on Friday it is reviewing a defect petition that claims Tesla Inc failed to issue a recall when it issued a software upgrade in 2,000 Model S and Model X vehicles in May. NHTSA said Friday it had opened a formal review to evaluate the petition’s claims. Tesla did not immediately respond to requests for comment. …read more […]

No Picture
Business News

U.S. Supreme Court takes up fight over $7.5 billion natural gas pipeline

The U.S. Supreme Court on Friday agreed to hear an appeal by Dominion Energy Inc and President Donald Trump’s administration of a lower court ruling that halted construction on a $7.5 billion natural gas pipeline due to run underneath a section of the popular Appalachian Trail in rural Virginia.

…read more […]