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Europe regulator sees November lifting of Boeing 737 MAX flight ban

Boeing’s grounded 737 MAX could receive regulatory approval to resume flying in November and enter service by the end of the year, Europe’s chief aviation safety regulator said on Friday. “For the first time in a year and a half I can say there’s an end in sight to work on the MAX,” said Patrick Ky, executive director of the European Union Aviation Safety Agency (EASA). EASA expects to lift its technical ban “not long” after the U.S. Federal Aviation Administration (FAA), probably in November, but national operational clearances needed for individual airlines to resume flying in Europe …read more […]

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RBC Still Sees Doom And Gloom in Just Energy (JE) Stock

Toronto, Canada-based Just Energy Group (JE) is a natural gas and electric utility — not the sexiest kind of business in the world, in other words. Detracting further from its attractiveness, Just Energy is only an occasionally profitable business, having lost money in three of the past six quarters, and made money in the other three, but overall, having lost $287 million more than it made.So why did Just Energy stock double in Thursday trading, closing at $0.56 per share?The answer is that on Wednesday, Just Energy announced that the U.S. Federal Energy Regulatory Commission (FERC) finally gave its …read more […]

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Investors Gamble on a Bidding War for William Hill

(Bloomberg Opinion) — It feels a bit soon to declare jackpot. The market is betting on a heated auction after U.K. bookmaker William Hill Plc confirmed a Bloomberg News report of bid interest from buyout shop Apollo Global Management Inc., adding that its U.S. partner, Caesars Entertainment Inc., is circling too.But there must be some doubt over whether a deal really can be done much above the levels investors are hoping for.William Hill stock has settled around 290 pence, about a 70% premium to the company’s share price the day before Apollo submitted a written offer on Aug. 27. That’s …read more […]