Oil prices fell about 2% on Wednesday as a market surplus forecast by the International Energy Agency (IEA) and demand worries amid the outbreak of a virus in China outweighed concern over disruptions to Libya’s crude output.
Boeing chief executive Dave Calhoun told reporters on Wednesday the U.S. planemaker expects to resume 737 MAX production “months” before its forecasted mid-year return to service.
Apple will reportedly begin offering a low-cost iPhone in February, according to Bloomberg. The phone will look similar to the iPhone 8 released in 2017 that includes the touch ID. Yahoo Finance’s On The Move panel discusses. …read more […]
The number of oil company bankruptcies rose 50% in 2019 over the previous year, as a slide in prices continued to shake producers in the United States and Canada, Dallas law firm Haynes and Boone said in a report released on Wednesday.
WASHINGTON/CHICAGO (Reuters) – Boeing chief executive Dave Calhoun told reporters on Wednesday the U.S. planemaker expects to resume 737 MAX production “months” before its forecasted mid-year return to service. The company announced a production halt in December, when the global grounding of the fast-selling 737 MAX following two deadly crashes in five months looked set to last well into 2020. Boeing shares were down 1.5% on Wednesday. …read more […]
Inequality is rising.
Fancy new technologies are emerging that bring rapid wealth to a privileged few and only modest gains to the rest. Suddenly things are vastly different from the past, when everyone seemed more or less equal. To many, it doesn’t seem fair. And an immediate remedy is essential.
America in 2020?
Nope. The Fertile Crescent around 11,000 years ago, when the Agricultural Revolution took hold and converted bands of hunter-gatherers into settled farmers. The new technologies driving economic inequality were irrigation, pottery, and the selective breeding of cereal grasses and animals.
Interestingly, every revolution in human history that has delivered higher living …read more […]
Italy’s biggest bank UniCredit said on Wednesday it had appointed a number of senior managers to new roles, shuffling people across jobs as it works to implement its ‘Team 23’ four-year plan unveiled in December.
Huawei Chief Financial Officer Meng Wanzhou returned to a Vancouver courtroom on Wednesday where Canadian prosecutors are expected to defend a U.S. extradition request in a third day of hearings on a case that has strained relations with China.
The head of aircraft lessor Avolon, which has committed to a fleet of 148 Boeing 737 MAX jets, said he believed the planemaker’s new June to July horizon for getting the grounded aircraft back in the air was a “worst case scenario.”
Boeing said on Tuesday it does not expect to win approval for the return of the 737 MAX to service until mid-year due to further potential developments in the certification process and regulatory scrutiny on its flight control system. “The best news I’ve heard on the MAX grounding was yesterday, when Boeing said June-July,” Avolon chief executive Domhnal Slattery told a conference in Dublin, adding he hoped it marked the beginning of the end of the MAX crisis. …read more […]
Joe Wolk, Johnson & Johnson CFO, joins Yahoo Finance’s Adam Shapiro and Julie Hyman to discuss its fourth-quarter earnings report, talc baby powder, the current controversy around Acetaminophen and why the Johnson & Johnson board will not split its portfolio. …read more […]
Sundar Pichai, the CEO of Alphabet Inc and its Google subsidiary, said on Wednesday that healthcare offers the biggest potential over the next five to 10 years for using artificial intelligence to improve outcomes, and vowed that the technology giant will heed privacy concerns.
Company saw a considerable decline in legal expenses during the quarter as compared to the year-ago period Continue reading… …read more […]
Renault on Wednesday said France’s anti-corruption agency was carrying out checks at the company, though a source at the carmaker, which was rocked by the arrest of former boss Carlos Ghosn, said the inspection was a routine matter.
The chief executive of aircraft leasing giant Aercap , which has 100 737 MAX jets on order from Boeing , on Wednesday said his airline customers remained confident in the grounded aircraft and there was no alternative.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
