North American oil company bankruptcies jump in 2019: report
The number of oil company bankruptcies rose 50% in 2019 over the previous year, as a slide in prices continued to shake producers in the United States and Canada, Dallas law firm Haynes and Boone said in a report released on Wednesday.
Avolon CEO sees new Boeing MAX timeline as ‘worst case scenario’
The head of aircraft lessor Avolon, which has committed to a fleet of 148 Boeing 737 MAX jets, said he believed the planemaker’s new June to July horizon for getting the grounded aircraft back in the air was a “worst case scenario.”
UniCredit shuffles top managers in Italy, names new Americas CIB head
Italy’s biggest bank UniCredit said on Wednesday it had appointed a number of senior managers to new roles, shuffling people across jobs as it works to implement its ‘Team 23’ four-year plan unveiled in December.
Huawei CFO Meng arrives in Vancouver court for third day of U.S. extradition hearing
Huawei Chief Financial Officer Meng Wanzhou returned to a Vancouver courtroom on Wednesday where Canadian prosecutors are expected to defend a U.S. extradition request in a third day of hearings on a case that has strained relations with China.
Coronavirus set to impact Chinese airlines’ first quarter profit: Aercap CEO
The chief executive of one of the world’s largest aircraft lessors, Aercap , expects the new coronavirus that has emerged from Wuhan, China to impact Chinese airlines’ profitability in the first quarter.
Google finds security flaws in Apple’s web browser: FT
Google researchers have found multiple security flaws in Apple Inc’s Safari web browser that allowed the tracking of users’ browsing behavior, the Financial Times reported on Wednesday, citing a soon-to-be published paper.
Hainan Airlines to halt Prague flights from March: Czech authorities
China’s Hainan Airlines will halt regular direct flights between Beijing and Prague starting in March, the Prague Airport and the Czech Foreign Ministry said on Wednesday.
No alternative to grounded Boeing 737 MAX, Aercap CEO says
There is no alternative to the grounded 737 MAX and it would be “absolutely stupid” for Boeing to launch a replacement before the next wave of technology a decade from now, the head of one of the world’s top aircraft lessors said on Wednesday.
U.S. home sales surge to near two-year high; supply at record low
U.S. home sales jumped to their highest level in nearly two years in December, the latest indication that lower mortgage rates are helping the housing market to regain its footing after hitting a soft patch in 2018, though record low inventory could be…
Michigan, Tesla settle suit over direct vehicle sales
Tesla Inc and the state of Michigan confirmed Wednesday they have resolved the company’s 2016 lawsuit challenging the state’s refusal to allow the company to sell vehicles directly to consumers.
