Boeing says new MAX delay not due to new technical issues
Boeing’s decision to advise customers its grounded 737 MAX jet was unlikely to secure flight approval until mid-year was not due to any new technical issues, a senior marketing executive said on Wednesday.
Incoming Abbott CEO says not looking to do any deals
Abbott Laboratories’ incoming Chief Executive Officer Robert Ford said on Wednesday that deal-making was not on the company’s agenda.
U.S. OKs Kinder Morgan request to start Texas Lockridge natgas pipe work
The U.S. Federal Energy Regulatory Commission (FERC) on Wednesday approved Kinder Morgan Inc’s Dec. 13 request to start construction of its proposed Lockridge natural gas pipeline in the Permian basin in West Texas.
French anti-corruption agency runs checks on Renault
Renault on Wednesday said France’s anti-corruption agency was carrying out checks at the company, though a source at the carmaker, which was rocked by the arrest of former boss Carlos Ghosn, said the inspection was a routine matter.
ValueAct CEO Jeff Ubben to step down: source
ValueAct Capital Partners LP’s founder Jeff Ubben is stepping down as chief executive officer and will be replaced by the activist hedge fund’s president, Mason Morfit, according to a source familiar with the matter.
Tesla races past $100 billion in market valuation
Tesla Inc on Wednesday became the first publicly listed U.S. carmaker to cross $100 billion in market valuation, in a stunning rally that has seen its stock more than double in the past three months.
U.S. existing home sales vault to near two-year high
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.
WeWork offloads non-core business Teem, stake in The Wing
Shared workplace operator WeWork said on Wednesday it sold cloud and analytics services provider Teem to digital workplace solutions provider iOFFICE, as it offloads non-core businesses after a botched initial public offering last year.
Trump threatens big tariffs on car imports from EU
U.S. President Donald Trump on Wednesday threatened to impose high tariffs on imports of cars from the European Union if the bloc doesn’t agree to a trade deal.
Drug, nutrition product sales power Abbott’s revenue beat
Medical device maker Abbott Laboratories Inc beat quarterly sales estimates on Wednesday, benefiting from higher demand for its nutrition products and generic drug sales.
