World stocks hit record high as techs lead relief rally
The world’s shares hit a record high on Friday as a relief over de-escalation of U.S.-Iranian tensions quickly prompted investors to bet on faster global growth, especially in the technology sector.
Boeing releases internal messages on 737 MAX, calls them ‘completely unacceptable’
Boeing Co on Thursday released hundreds of internal messages that raise serious questions about its development of simulators and the 737 MAX that was grounded in March after two fatal crashes, prompting outrage from U.S. lawmakers.
China’s bid to challenge Boeing and Airbus falters
Development of China’s C919 single-aisle plane, already at least five years behind schedule, is going slower than expected, a dozen people familiar with the program told Reuters, as the state-owned Commercial Aircraft Corporation (COMAC) struggles with a range of technical issues that have severely restricted test flights.
Waymo secures bigger award against workers who went to rival Uber
Alphabet Inc’s Waymo said on Thursday that arbitrators had finalized a judgment of $128 million, plus undisclosed legal costs and interest, against two former employees who went to rival Uber Technologies Inc.
Oil prices fall further as threat of Middle East war recedes
Oil prices dropped on Friday extending days of losses as the threat of war in the Middle East receded and investors switched attention to economic growth prospects and the rise in U.S. crude oil and product inventories.
Boeing releases communications on 737 MAX simulators it calls ‘completely unacceptable’
Boeing Co late Thursday released redacted versions of communications tied to the development of simulators used in the development of the 737 MAX it called “completely unacceptable.”
World stocks at record high as techs lead relief rally
The world’s shares hit a record high on Friday as a relief over de-escalation of U.S.-Iranian tensions quickly prompted investors to bet on faster global growth, especially in the technology sector.
Trade risks easing may mean bluer sky for 2020: Fed officials
The global trade wars may not be over, but U.S. Federal Reserve officials on Thursday said the economy may have weathered the worst of it as risks begin to ease and businesses adjust to a new trade environment.
Blackstone raises three-quarters of targeted $4.6 billion life sciences fund
U.S. private equity firm Blackstone Group Inc has secured $3.4 billion from investors for its first fund dedicated to investments in the life sciences sector, targeting $4.6 billion in total, a regulatory filing showed on Thursday.
Facebook tweaks ad policy but still allows political lies in U.S. campaign 2020
Facebook Inc announced limited changes on Thursday to its approach to political ads, including allowing users to turn off certain ad-targeting tools, but defied critics’ demands that it bar politicians from using its ads system to spread lies.
