Business & Finance News
Britain joined a growing wave of suspensions of Boeing 737 MAX aircraft on Tuesday as U.S. President Donald Trump waded into the debate over modern airplane design following a crash in Ethiopia that killed 157 people.
U.S. Senator Elizabeth Warren, a Democratic candidate for president, on Tuesday called for the Federal Aviation Administration to follow several other countries and temporarily ground Boeing Co’s 737 MAX 8, days after a crash in Ethiopia killed everyone onboard one of the planes.
U.S. Secretary Of State Mike Pompeo will meet with top oil executives before he addresses a conference on Tuesday, in an effort to get them to help the administration’s effort to boost crude exports to Asia and to support its policy of isolating Iran, according to three people at two companies briefed on the agenda.
Both Democratic and Republican lawmakers pressed Wells Fargo & Co Chief Executive Tim Sloan for more proof that the bank has moved past its customer abuse scandals in a tense hearing in Congress on Tuesday.
The World Trade Organization is using an “out-of-date” playbook despite dramatic changes including the rise of China and the evolution of the internet, U.S. Trade Representative Robert Lighthizer said in testimony to Congress on Tuesday.
Republican U.S. Senator Mitt Romney on Tuesday called on the Federal Aviation Administration to follow several other countries and temporarily ground Boeing’s 737 Max 8, days after the aircraft crashed in Ethiopia and killed everyone onboard.
British authorities were the latest to ban or ground the Boeing 737 MAX 8 aircraft on Tuesday in the aftermath of the fatal crash of a plane of the same type in Ethiopia on Sunday.
Britain joined a growing wave of suspensions of Boeing 737 MAX aircraft around the world on Tuesday, escalating the global alarm after a crash in Ethiopia that killed 157 people in the second such disaster for the model in the past few months.
Republican U.S. Senator Mitt Romney on Tuesday called on the Federal Aviation Administration to follow several other countries and temporarily ground Boeing’s 737 Max 8, days after the aircraft crashed in Ethiopia and killed everyone onboard.
U.S. stocks eked out gains on Tuesday as benign February inflation data supported the Federal Reserve’s dovish stance on future rate hikes, but Boeing’s fall for a second straight session pressured the Dow and capped gains in broader markets.
Boeing Co’s fall in stock market value this week soared past $20 billion on Tuesday as more countries including the United Kingdom grounded the planemaker’s 737 MAX 8 aircraft following Sunday’s deadly crash in Ethiopia.
The United Arab Emirates’ civil aviation regulator said on Tuesday it had joined the investigation into Sunday’s fatal crash of an Ethiopian Airlines plane.
Norwegian Air will temporarily ground its Boeing 737 MAX 8 passenger jets at the advice of European regulators, it said on Tuesday.
The S&P 500 and Nasdaq eked out gains at open on Tuesday as February’s benign inflation data supported the Federal Reserve’s “patient” approach towards further rate hikes, while a second day of losses in Boeing pressured the Dow.
Germany’s Verdi labor union on Tuesday objected strongly to a possible merger between Deutsche Bank and Commerzbank, arguing that the merged group would be a more attractive target for a hostile foreign takeover.
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