Norwegian Air will lease planes and postpone the sale of older models in its fleet following the grounding of its Boeing 737 MAX aircraft, the company said on Monday.
Qatar Airways threw its support behind Boeing on Monday as the U.S. planemaker faces its biggest crisis in years after deadly crashes of its flagship 737 MAX jet.
JPMorgan Chase & Co has awarded 47 financial grants to university faculty and PhD students for artificial intelligence research, ramping up its efforts in the emerging technology, the bank plans to announce later on Monday.
EU antitrust regulators fined U.S. sportswear maker Nike 12.5 million euros ($14.14 million) on Monday for restricting cross-border sales of merchandising products of five European football clubs and the a football federation.
Viacom Inc has renewed its contract with AT&T Inc, avoiding a blackout of MTV, Nickelodeon and Comedy Central for DirecTV users, the companies said on Monday.
Chicago Federal Reserve Bank President Charles Evans said on Monday it was understandable for markets to be nervous when the yield curve flattened, though he was still confident about the U.S. economic growth outlook.
Chicago Federal Reserve Bank President Charles Evans said on Monday it was understandable for markets to be nervous when the yield curve flattened, though he was still confident about the U.S. economic growth outlook.
Oil prices were steady on Monday, with concerns of a sharp economic slowdown competing with support from tighter supply due to OPEC’s production cutbacks and U.S. sanctions on Iran and Venezuela.
Ethiopian Airlines said on Monday it would keep close ties with U.S. planemaker Boeing even though questions remained about its 737 MAX 8 model, after a crash shortly after take off this month killed 157 people.
Qatar Airways has delayed the April delivery of a Boeing 737 MAX until the cause of the Ethiopian Airlines crash involving the same type of plane is known, its chief executive said on Monday.
World stocks hit a 12-day trough on Monday as fears for economic growth sent investors dashing for safe-haven assets, but the selloff lost some momentum after better-than-expected data from Germany.
Former U.S. Federal Reserve chair Janet Yellen said on Monday the U.S. Treasury yield curve may signal the need to cut interest rates at some point, but it does not signal a recession.
A private equity-led consortium agreed to buy Inmarsat Plc for about $3.4 billion in cash after the British satellite operator last year rebuffed a slightly lower bid from U.S. rival EchoStar.
Boeing Co will brief more than 200 global airline pilots, technical leaders and regulators this week on software and training updates for its 737 MAX aircraft, as Ethiopian Airlines expressed confidence in the planemaker despite a recent crash.
Shares in luxury goods group LVMH briefly fell almost 9 percent at the open on Monday before recovering in what traders said was likely a “fat finger” erroneous trade.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
