Articles by admin

Boeing Co heads to court on Wednesday to dispute a request from lawyers representing victims of a 737 MAX crash for documents related to the aircraft’s design, development and two fatal disasters. Chicago-based Boeing is facing around 100 lawsuits by families of 157 victims of a Ethiopian Airlines 737 MAX crash on March 10, five months after a similar accident on a Lion Air flight that killed 189 people. Lawyers for the victims’ families are asking why Boeing and U.S. regulators allowed the MAX to continue flying after the Lion Air disaster and whether the planemaker hid …read more […]

(Bloomberg) — A number of stocks that have captured investor attention are continuing their gains as the options market more and more resembles a roulette wheel.Richard Branson’s space-tourism company Virgin Galactic Holdings Inc. jumped more than 10% in trading before the U.S. market open on Wednesday, on track for another day of double-digit gains. Meanwhile, Plug Power Inc. rose more than 9% as retail investors talked up their positions on message boards like r/wallstreetbets on Reddit. Fellow renewable energy equipment-maker FuelCell Energy Inc. rose 6.5%.Tesla Inc., a favorite among retail investors, jumped more than 6% in part after analysts at …read more […]

The 2014-founded Elenion develops silicon photonics technologies for short-reach and high-performance optical interfaces. “Ownership of these key assets brings time-to-market and cost advantages to Nokia’s broad portfolio of networking solutions by applying the massive scale and economies of silicon design and manufacturing to the optical supply chain,” Nokia said in a statement. …read more […]

(Bloomberg) — China is considering further measures to shield its economy from the coronavirus outbreak that has now killed 2,010 and infected 75,286 people around the world.Beijing is weighing steps including cash infusions and bailouts for the struggling airline industry. As more people are encouraged to stay at home, a growing number of Chinese private companies have stopped paying staff completely.The strict quarantine likely bought the rest of the world several weeks to prepare, the World Health Organization said.Key DevelopmentsChina death toll hits 2,004; 74,185 confirmed casesHong Kong has second fatality after 70-year-old diesAdidas, Puma say business in China being …read more […]