No Picture
Trading Ideas

Ryanair says Europe delays may mean no MAX jets next summer

Ryanair may not receive any 737 Max aircraft from Boeing by next summer over European delays in testing the grounded jets, Chief Executive Michael O’Leary said, estimating the issue is costing it at least 100 million euros a year. Ryanair trimmed its passenger traffic forecast last week but that was still based on 10 MAX deliveries by June. O’Leary told Reuters on Tuesday that testing in Europe was running behind the United States and planes were likely to remain grounded until April or May. …read more […]

No Picture
Trading Ideas

Exxon Prevails Over New York in Climate Accounting Case

(Bloomberg) — Exxon Mobil Corp. won a closely watched securities-fraud trial that delved into its internal accounting for the financial risks of climate change, a striking rejection of New York state’s claim that the company misled investors for years.The ruling Tuesday by New York Supreme Court Justice Barry Ostrager in Manhattan is a blow to the state’s attorney general, Letitia James, who accused the energy company of lying about its use of a “proxy cost” for carbon to account for future climate-change regulations.“The office of the Attorney General failed to prove, by a preponderance of the evidence, that ExxonMobil made …read more […]