Business & Finance News
Canada on Wednesday became the latest nation to ground Boeing 737 MAX aircraft, citing potential safety concerns after an Ethiopian Airlines Boeing MAX crashed on Sunday killing 157 people.
The Ethiopian Airlines pilot whose jet crashed killing 157 people had reported internal control problems, the firm said on Wednesday, as it prepared to send the black boxes to Europe from a disaster that has rocked the global aviation industry.
New orders for key U.S.-made capital goods rose by the most in six months in January and shipments increased, but the trend in both measures of business spending on equipment remained soft, leaving forecasts for weak first-quarter economic growth intact.
Ukraine has suspended all flights by Boeing’s 737-8 and 737-9 MAX aircraft following Sunday’s deadly plane crash in Ethiopia, Ukraine’s aviation authority said on Wednesday.
The Southwest Airlines pilots union said on Wednesday that it remained confident in Boeing Co’s 737 MAX even after Canada became the latest country to ground the jet.
Travel website Kayak is making changes to let customers exclude specific aircraft types from searches, and booking sites are looking to reroute passengers, after an unexplained Boeing jet crash that killed 157 people in Ethiopia.
Saudi Arabia does not have Boeing 737 MAX planes in its own aircraft registry, a spokesman for the kingdom’s civil aviation authority said in a statement on Wednesday.
A global oil surplus is allowing the United States to accelerate its plan of bringing Iranian crude exports to zero, a U.S. State Department official said on Wednesday.
Volkswagen said on Wednesday it would halt preparations for an initial public offering (IPO) of its trucks unit Traton until market conditions improve.
Insys Therapeutics Inc said on Wednesday its auditor raised doubts on the drugmaker’s ability to continue as a going concern, sending its shares down 13 percent.
Adidas expects supply chain issues to curb sales growth in the first half of the year, particularly in North America, where it has doubled its business in the last three years to take market share from bigger rival Nike.
Iran is running short of options to replace its aging fleet of tankers and keep oil exports flowing because renewed U.S. sanctions are making potential sellers and flag registries wary of doing business with Tehran, Western and Iranian sources said.
U.S. stocks rose broadly on Wednesday after fresh economic data strengthened the Federal Reserve’s patient stance on future rate hikes and as Boeing rose for the first time since Sunday’s deadly crash of a 737 MAX 8 jet in Ethiopia.
Two black box recorders recovered from the crash of Ethiopia Airlines flight 302 are still in the capital Addis Ababa as discussions continue about where in Europe to send them, the airline said on Wednesday.
Philip Morris International Inc’s Indian partner charges machinery-related costs for manufacturing its Marlboro cigarettes in India, the company said on Wednesday, following a Reuters article that showed it may have circumvented foreign direct investment rules.
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