Verizon Communications Inc beat Wall Street estimates for third-quarter profit and revenue on Friday, as the largest U.S. wireless carrier cut prices of its unlimited plans to pull in more subscribers who pay monthly bills.
Boeing engineers and test pilots considered before two fatal 737 MAX crashes whether an anti-stall system should be redesigned after discussing how flawed data from a single sensor could trigger it repeatedly, U.S. investigators have found.
Four major U.S. retailers, including Walmart and Target Corp, are removing all 22-ounce bottles of Johnson & Johnson’s baby powder from their stores, following the healthcare conglomerate’s recall last week of some bottles due to possible asbestos contamination.
Boeing engineers and test pilots considered before two fatal 737 MAX crashes whether an anti-stall system should be redesigned after discussing how flawed data from a single sensor could trigger it repeatedly, U.S. investigators have found. The so-called MCAS system, which relied on one sensor, has been linked in part to crashes of 737 MAX jets flown by Lion Air and Ethiopian Airlines, which triggered a worldwide grounding and a corporate crisis at the world’s largest planemaker. The potential redesign discussed during 737 MAX development was ultimately ruled out, based in part on the assumption pilots would …read more […]
Investors cheered a significant cut in production costs at Brazil’s state-run oil firm Petrobras on Friday, sending shares in the company soaring 4% in morning trade, their biggest intraday gain in more than a month. In its third-quarter results released on Thursday night, the company said production costs in a key offshore oil area known as the “pre-salt” fell 20% from the previous quarter to around $5.03 per barrel. Analysts at Banco BTG Pactual SA called the production cost figures “impressive,” adding that the firm’s earnings before interest, tax, depreciation and amortization beat their estimates by 13%. …read more […]
Boeing engineers and test pilots considered before two fatal 737 MAX crashes whether an anti-stall system should be redesigned after discussing how flawed data from a single sensor could trigger it repeatedly, U.S. investigators have found. The so-called MCAS system, which relied on one sensor, has been linked in part to crashes of 737 MAX jets flown by Lion Air and Ethiopian Airlines, which triggered a worldwide grounding and a corporate crisis at the world’s largest planemaker. Although not formally part of the required analysis, the Boeing staff discussed the scenario of repeated activation of MCAS due to …read more […]
The United States and China are closing to finalizing some sections of a trade agreement after a phone call between top negotiators, CNBC reported on Friday, citing a statement from the Office of the U.S. Trade Representative.
A strike by General Motors will likely cut at least 46,000 jobs from October’s nonfarm payrolls, a Labor Department report showed on Friday.
The S&P 500 inched closer to a record high on Friday after a CNBC report that the United States and China were close to finalizing some sections of a trade agreement after a phone call between top negotiators.
Low-cost airline easyJet has added baggage services to its flight-connections partnership with two budget long-haul carriers flying from Paris, in a move that challenges Air France on transatlantic and Caribbean leisure routes.
Vale SA’s chief executive officer said on Friday that a resumption in paying dividends or share buybacks would depend on progress in repairing the damage from its Brumadinho tailings dam collapse, which killed more than 250 people.
Beverage distributors working for Brazilian brewer Ambev SA have filed a complaint against the company at the local antitrust regulator Cade, accusing it of anticompetitive practices.
U.S. stock indexes rose on Friday after strong results from Intel added to what has largely been a better-than-expected third-quarter earnings season so far and offset a dour forecast from Amazon.com.
Russia’s largest internet group Yandex raised its 2019 revenue forecast for the third time on Friday after strong third-quarter growth, but its share price fell after a company earnings call. Chief Executive Arkady Volozh said on Friday’s call that the initial version of a draft law aimed at limiting foreign shareholding in Russian IT firms was “very damaging”, saying the company was in discussions with the government over the proposals. “As we look to address national interests, we want to do so in a way that supports our own business interests and the interests of all of our …read more […]
Phillips Baker has been the CEO of Hecla Mining Company (NYSE:HL) since 2003. First, this article will compare CEO… …read more […]
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