Business & Finance News
The three U.S. airlines using Boeing Co’s 737 MAX continued to stand by the aircraft on Tuesday, even as some customers, unions and politicians questioned its safety after an increasing number of countries banned the plane following a fatal crash in Ethiopia.
The U.S. Securities and Exchange Commission on Tuesday asked a judge for permission to respond to arguments by Tesla Inc Chief Executive Elon Musk that his recent tweet about the electric vehicle maker’s production volume did not violate his fraud settlement and he cannot be held in contempt.
Democratic and Republican lawmakers on Tuesday pressed Wells Fargo & Co Chief Executive Tim Sloan for proof the bank has put a string of consumer abuse scandals behind it at a tense congressional hearing that saw Sloan firmly on the defensive.
U.S. President Donald Trump spoke to Boeing Co’s chief executive, Dennis Muilenburg, on Tuesday, a source familiar with the matter said, after Trump posted comments on Twitter questioning whether airplanes have become too complex to fly safely.
Wirecard has suspended an accounting employee in Singapore until an investigation into allegations of fraud and creative accounting is over, the company’s chief executive told Reuters on Tuesday.
Democratic U.S. Senator Richard Blumenthal on Tuesday asked American Airlines, Southwest Airlines and United Airlines to voluntarily ground all Boeing 737 MAX 8 and MAX 9 planes after two deadly crashes in recent months.
A global effort to revamp international tax rules for the digital era is receiving less corporate push-back than past attempts, the OECD’s head of tax policy said on Tuesday.
India is grounding U.S. planemaker Boeing Co’s 737 MAX aircraft immediately, the ministry of civil aviation said late on Tuesday, following the fatal crash of a plane of the same type in Ethiopia on Sunday.
Germany’s air safety authority DFS said on Tuesday that both Boeing 737 MAX 8 and MAX 9 models will be barred from the country’s air space until June 12.
The European Union’s aviation safety regulator on Tuesday suspended all flights in the bloc by Boeing 737 MAX planes in the biggest setback yet for the U.S. planemaker following a crash in Ethiopia that killed 157 people.
Boeing Co’s stock took another beating on Tuesday as a raft of countries grounded its 737 MAX 8 aircraft, responding to a deadly crash in Ethiopia which has so far knocked $25 billion off the market value of the world’s largest planemaker.
The European Union’s aviation safety agency EASA suspended all flights in the bloc by Boeing’s 737-8 and 737-9 airplanes following the Sunday’s deadly plane crash in Ethiopia.
Major European nations Britain, Germany and France joined a wave of suspensions of Boeing 737 MAX aircraft on Tuesday following a crash in Ethiopia that killed 157 people.
Lumber Liquidators Holdings Inc has agreed to pay a $33 million criminal penalty to settle federal charges it misled investors about the safety of its laminate flooring made in China and sold to U.S. customers.
Royal Dutch Shell urged U.S. President Donald Trump’s administration on Tuesday to tighten restrictions on greenhouse gas emissions from oil and gas production, instead of weakening them as planned.
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