No Picture
Trading Ideas

American Airlines flight attendants voice 737 MAX concerns to Boeing CEO: letter

The Association of Professional Flight Attendants (APFA), which represents American Airlines Group flight attendants, still has safety concerns about a relaunch of the Boeing 737 MAX, its president told Boeing Chief Executive Dennis Muilenburg in a letter seen by Reuters. The letter, dated Oct. 30, said two days of hearings about the 737 MAX in Washington show breakdowns in supervision of the aircraft and raise questions on the Federal Aviation Administration’s resources for oversight moving forward. “The 28,000 flight attendants working for American Airlines refuse to walk onto a plane that may not be safe and are …read more […]

No Picture
Trading Ideas

Shares of oilfield firm ProPetro fall 10% on short-seller's report

Culper, which said it was short ProPetro’s stock, meaning it will profit if shares fall, outlined a network of companies formed by senior managers, and questioned some directors’ independence. ProPetro was not immediately available to comment. Reuters this month reported that ProPetro was under investigation over its financial disclosures by the U.S. Securities and Exchange Commission. …read more […]

No Picture
Business News

Shares of oilfield firm ProPetro fall 10% on short-seller’s report

Shares of oilfield services firm ProPetro Holding Corp fell as much as 10% on Thursday after research firm Culper Research released a report outlining business dealings among its executives and board members, and criticized an internal audit of related-party transactions as a “farce.”

…read more […]

No Picture
Trading Ideas

China Doubts Long-Term Trade Deal Possible With Trump

(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Chinese officials are casting doubts about reaching a comprehensive long-term trade deal with the U.S. even as the two sides get close to signing a “phase one” agreement.In private conversations with visitors to Beijing and other interlocutors in recent weeks, Chinese officials have warned they won’t budge on the thorniest issues, according to people familiar with the matter. They remain concerned about President Donald Trump’s impulsive nature and the risk he may back out of even the limited deal both …read more […]

No Picture
Trading Ideas

Did Hedge Funds Drop The Ball On Stamps.com Inc. (STMP) ?

Is Stamps.com Inc. (NASDAQ:STMP) a good stock to buy right now? We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 and 20 payment structure, hedge funds have more incentives and resources than the average investor. The funds have […] …read more […]