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Canadian official's email saying 737 MAX software must go reflects 'working-level' view: regulator

MONTREAL/WASHINGTON (Reuters) – An email sent by an official at Transport Canada urging Boeing to remove an anti-stall system involved in two 737 MAX crashes reflects “working-level discussions” and were not reviewed by the Canadian regulator, the agency said on Friday. The email was sent to the Federal Aviation Administration (FAA), the European Union Aviation Safety Agency (EASA) and Brazil’s National Civil Aviation Agency, the New York Times said. …read more […]

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James Richman: Billionaire Investor Reportedly Takes a Closer Look at Barclay’s Assets for Sale

The Barclay twins, David and Frederick, have been a staple on the list of British billionaires for decades. They are often described as reclusive billionaires and notorious for keeping their private lives hidden from the public and shying away from any form of publicity. Several talks about the sale of some of their properties have […] …read more […]

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Former Trump admin official Bolton: Twitter 'liberated' account from White House control

Former U.S. national security adviser John Bolton said on Friday that Twitter Inc had returned control of his personal account to him after it had been taken over by the White House, in his first tweets since resigning in September. “We have now liberated the Twitter account, previously suppressed unfairly in the aftermath of my resignation as National Security Advisor,” Bolton tweeted to his more than 790,000 followers. …read more […]

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GLOBAL MARKETS-Dollar, global shares gain as trade worries linger

The dollar gained and global equity markets rose on Friday on upbeat U.S. economic data while amicable messages from Chinese President Xi Jinping and U.S. President Donald Trump helped defuse tensions over the prolonged U.S.-Sino trade war. Equity markets warmed to China’s renewed offer to reach a trade agreement with the United States. Xi said China wants to work out an initial pact and avoid a trade war. …read more […]

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A Once-Core Business for GE and Siemens Shows New Signs of Life

(Bloomberg Opinion) — To get Brooke Sutherland’s newsletter delivered directly to your inbox, sign up here.A once mighty engine of profit for Siemens AG and General Electric Co. isn’t dead just yet, but the business will remain a ghost of its former self. The market in question is gas turbines, equipment that sits at the heart of natural gas power plants and helps to generate electricity. A glut of capacity and the reduced cost of renewable energy tanked demand for these engines, sparking years of painful slides in profitability and massive rounds of cost-cutting. Recently, though, orders have started to …read more […]

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Jet industry's grand masters fight to a draw in Dubai

After insisting for 15 years that the superjumbo is the future, Emirates airline has been forced by the demise of the A380 to embrace smaller wide-body jets, resulting in a flurry of maneuvers between planemakers at this week’s Dubai Airshow. The 555-seat A380 is near the end of production, setting off a series of interlocking deals as top buyer Emirates reviews its fleet against the backdrop of fragmenting travel demand. Delays in the 406-seat Boeing 777X also weighed in the shake-up. …read more […]

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Wall Street Week Ahead – Conditions may be set for Santa Claus rally

A year after the U.S. stock market plunged, many investors believe conditions are in place to avoid another year-end pullback and possibly set the stage for a rally to finish off 2019. A more accommodative Federal Reserve compared with a year ago is an important argument for investors who are confident the market is unlikely to see a repeat of 2018’s swoon. Last year, investors were concerned the Fed was raising interest rates too quickly. …read more […]