Some U.S. airlines are willing to pick up their 737 MAX jets from Boeing Co as soon as December if the Federal Aviation Administration (FAA) approves delivery of the grounded planes before new pilot training is agreed, three people with knowledge of the matter said.
Some U.S. airlines are willing to pick up their 737 MAX jets from Boeing Co as soon as December if the Federal Aviation Administration (FAA) approves delivery of the grounded planes before new pilot training is agreed, three people with knowledge of the matter said. Hundreds of 737 MAX jets have rolled off Boeing’s Seattle production line in the months since two fatal crashes on the aircraft led to a global safety ban, forcing the planemaker to park un-flown jets at facilities across Washington state until regulators approve software and training updates. Boeing on Monday said the …read more […]
Airbus SE’s Canadian-designed A220 narrowbody jet has the potential to be stretched to carry more passengers but the company has no current plans to do so, a top executive said on Tuesday.
A Chinese national pleaded guilty on Tuesday to stealing trade secrets from U.S. petroleum company Phillips 66 , where he worked on the research and development of next generation battery technologies, the U.S. Justice Department said.
A Chinese national pleaded guilty on Tuesday to stealing trade secrets from U.S. petroleum company Phillips 66, where he worked on the research and development of next generation battery technologies, the U.S. Justice Department said. Hongjin Tan, 36, stole information regarding the manufacture of a “research and development downstream energy market product” that is worth more than $1 billion, the department said in a statement. The department identified the company where he worked as Phillips 66 in court documents filed in Oklahoma. …read more […]
President Donald Trump on Tuesday dangled the prospect of completing an initial trade deal with China “soon,” but offered no new details on negotiations in a campaign-style speech touting his administration’s economic record.
When strong growth does not impress investors Continue reading… …read more […]
(Bloomberg) — Apple Inc. plans to debut a new MacBook Pro laptop with a larger screen and revamped keyboard as soon as Wednesday, according to people familiar with the situation. This will be the first major update to the MacBook Pro line since it was redesigned three years ago. The new, brighter screen will come in a 16-inch version, up from the current 15-inch option, said the people, who asked not to be identified discussing unannounced products. The display will likely appeal to video and photo editors, gamers and software developers. The new keyboard is designed to be more reliable. …read more […]
(Bloomberg Opinion) — A crown jewel of President Xi Jinping’s Made in China 2025 plan is faltering.Tsinghua Unigroup Co. is the business arm of the prestigious Tsinghua University, Xi’s alma mater. The company has been trying to establish itself as a leader in China’s nascent memory-chip industry since 2015, when it famously tried to acquire stakes in U.S. rivals Micron Technology Inc. and Western Digital Corp. Both advances were rejected amid concerns that U.S. regulators wouldn’t approve the deals on national-security grounds. Rebuffed abroad, Unigroup resolved to become a domestic champion and poured its resources into developing flash-memory technology. One …read more […]
Trump tells many lies about the economy under his watch. This is the foundational one. …read more […]
U.S. President Donald Trump and Apple CEO Tim Cook are expected to tour facilities in Texas where Apple products are made as soon as next week to showcase companies that keep jobs in America, according to two people familiar with the matter.
U.S. President Donald Trump and Apple CEO Tim Cook are expected to tour facilities in Texas where Apple products are made as soon as next week to showcase companies that keep jobs in America, according to two people familiar with the matter. The trip, which has not yet been announced, would highlight Cook’s strong relationship with Trump as he seeks further relief for Apple from U.S. tariffs on imports from China. Apple declined to comment. …read more […]
At least seven vendors have given Wells Fargo & Co a partial refund for their services after bank executives pressured the contractors to return 2.5% of revenue earned last year, according to sources familiar with the matter.
At least seven vendors have given Wells Fargo & Co a partial refund for their services after bank executives pressured the contractors to return 2.5% of revenue earned last year, according to sources familiar with the matter. Wells Fargo spokesman Peter Gilchrist said participation in the voluntary rebate would not be considered when awarding future contacts. The bank is expected to issue a new request for business proposals from its IT vendors in the first quarter of next year. …read more […]
Global equity markets and the dollar rose on Tuesday as U.S. President Donald Trump reiterated the United States is close to signing a trade deal with China but offered no new details. Stocks on Wall Street set fresh record highs before Trump’s highly anticipated remarks to the Economic Club of New York, but slowly pared some gains after the speech, which contained no major policy announcements. Trump touted his administration’s economic record in a campaign-style speech but did not announce a venue or date for signing a trade deal with Chinese President Xi Jinping as market speculation had …read more […]
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