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Southwest Airlines Co on Thursday said it was extending the cancellation of Boeing’s 737 MAX planes from its flying schedule until Oct. 1, a day after the Federal Aviation Administration warned it had uncovered a new issue that must be resolved before the plane can be ungrounded.
Shares of Boeing Co fell 3% on Thursday after the U.S. aviation regulator found a new flaw in the 737 MAX jet, potentially delaying the aircraft’s return to service and piling more pressure on the planemaker’s suppliers.
U.S. stocks drifted higher on Thursday, helped by a rise in technology shares, but gains were limited as investors awaited a G20 meeting for clarity on progress in trade talks between the United States and China.
Oil fell to around $66 a barrel on Thursday, weighed down by concerns over whether the G20 summit will produce a breakthrough on trade and perceptions that supply is ample despite prospects for continued OPEC curbs.
U.S. stocks opened slightly higher on Thursday, lifted by gains in technology shares, ahead of a key G20 meeting where the United States and China will discuss trade but lack of clarity on the outcome kept investors on the sidelines
U.S. tech giant International Business Machines Corp on Thursday won unconditional EU antitrust approval for its $34 billion acquisition of software company Red Hat .
U.S. stocks were set to open slightly higher on Thursday, as investors stayed away from making big bets amid conflicting reports on trade talks between the United States and China at the upcoming G20 summit.
U.S. economic growth accelerated in the first quarter, the government confirmed on Thursday, but the export and inventory boost to activity masked weakness in domestic demand, some of which appears to have prevailed in the current quarter.
Facebook Inc on Thursday released the findings from its consultations with outside experts into its content review process, providing a glimpse into how its plans for a proposed “external oversight board” might take shape.
World shares and the dollar were left clinging to gains on Thursday amid conflicting reports on whether the United States and China will agree a truce on trade at a meeting of their leaders this weekend.
Ford said it will cut 12,000 jobs in Europe by the end of next year to try to return the business to profit, part of a wave of cost reductions in an auto industry facing stagnant demand and huge investments to build low emission cars.
Global ride-hailing firm Uber Technologies Inc is in talks with regulators over plans to expand into two West African countries and provide a boat service in Nigerian megacity Lagos, a company executive said on Thursday.
Global airlines on Thursday urged regulators to coordinate on technical requirements and timelines for the safe re-entry to service of the Boeing Co 737 MAX aircraft, which was grounded in March after two fatal accidents.
U.S. equity futures edged higher on Thursday following a report that the United States and China had agreed to a tentative truce in their trade dispute before a G20 summit this weekend, but gains were tempered by Boeing shares after more 737 MAX woes.
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