More than 300 Boeing 737 MAX jets have been grounded worldwide after two fatal crashes in the past five months in Ethiopia and Indonesia killed nearly 350 people.
Boeing anti-stall software repeatedly forced down the nose of a doomed Ethiopian jet after pilots had turned it off, sources told Reuters, as investigators scrutinize the role played by technology and crew in the fatal March 10 crash.
Asset manager Blackstone Group LP has raised more than $22 billion for its flagship buyout fund, which would be the company’s biggest ever, a source familiar with the matter told Reuters.
Viacom Inc signed a content distribution agreement with T-Mobile US Inc, under which the media company’s brands including MTV and Nickelodeon would be available to the wireless carrier’s 80 million customers, the companies said on Wednesday.
Oil prices steadied on Wednesday after Brent pushed towards a nearly five-month high of $70 a barrel on OPEC-led supply cuts and U.S. sanctions, with gains capped by a surprise increase in American inventories.
U.S. private employers added 129,000 jobs in March, below economists’ expectations and the lowest since September 2017, a report by a payrolls processor showed on Wednesday.
German taxpayers would lose billions of euros if the state sold its stake in Commerzbank ahead of a possible merger with Deutsche Bank, a government document showed, highlighting the risks of government involvement in the sector.
Norwegian Air has sold two of its Boeing 737-800 aircraft as part of its shift in emphasis from rapid growth toward profitability, the budget carrier said on Wednesday.
Shares in CMC Markets slid more than 10 percent to a record low on Wednesday after the online trading firm forecast a drop in income in the year to March as new rules curbed client activity, and its finance chief decided to depart.
World stocks rallied to six-month highs on Wednesday thanks to signs of progress in U.S.-China trade talks, reassuring economic data and hopes of a softer Brexit, helping push Germany’s 10-year bond yield back above zero percent.
IKEA will expand tests to allow customers to rent desks and sofas rather than buy them as it shifts away from selling low-cost disposable furniture in response to growing environmental concerns.
India’s Jet Airways has been forced to ground more than three quarters of its fleet after failing to pay lessors, as the debt-laden carrier struggles to secure bailout funds promised by state-run banks.
Ousted Nissan boss Carlos Ghosn’s sudden appearance on Twitter on Wednesday was a surprise move by the businessman that perplexed people and sent journalists scrambling, and not for the first time.
Boeing anti-stall software on a doomed Ethiopian Airlines jet re-engaged as many as four times after the crew initially turned it off due to suspect data from an airflow sensor, two people familiar with the matter said.
Three major automakers said on Wednesday they were forming a consortium to help draw up safety standards for self-driving cars that could eventually help create regulations in the United States.
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