U.S. FAA must restore ‘public confidence’ in plane certification -inspector general
The Federal Aviation Administration (FAA) must work to restore “public confidence” in aircraft certification efforts after two deadly Boeing 737 MAX crashes, the U.S. Transportation Department’s inspector general said on Wednesday in a public report.
Google unveils quantum computer breakthrough; critics say wait a qubit
Alphabet Inc’s Google said on Wednesday it had achieved a breakthrough in computing research by using a quantum computer to solve in minutes a complex problem that would take today’s most powerful supercomputer thousands of years to crack.
Global stocks rise despite lackluster results; sterling creeps up as EU delays Brexit decision
World stock indexes climbed on Wednesday as investors brushed aside some earnings disappointments, while the British pound inched up as European Union leaders delayed a decision on whether to grant Britain a three-month Brexit extension.
Wall Street ticks higher, but chip stocks tumble
U.S. stocks edged higher on Wednesday as investors shrugged off lackluster quarterly reports from industrial bellwethers Boeing Co and Caterpillar Inc , though a lower-than-expected revenue outlook from Texas Instruments Inc sent chipmakers’ shares l…
WeWork’s new chairman defends payouts to founder, says company will survive
(This October 23 story corrects 16th paragraph to show that WeWork has sites in 123 cities, not countries.)
Exclusive: U.S. FAA must restore ‘public confidence’ in plane certification – inspector general
The Federal Aviation Administration (FAA) must work to restore “public confidence” in aircraft certification efforts after two deadly Boeing 737 MAX crashes, the U.S. Transportation Department’s inspector general said on Wednesday in a report seen by R…
Facebook’s Zuckerberg grilled in U.S. Congress on digital currency, privacy, elections
Facebook Inc CEO Mark Zuckerberg conceded on Wednesday that the company’s planned digital currency Libra was a “risky project,” but sought to reassure skeptical U.S. lawmakers that it could lower the cost of electronic payments and open up the global f…
Wall Street treads water as chip stocks, Nike fall
The benchmark S&P 500 was little changed on Wednesday as lackluster quarterly reports from Texas Instruments Inc pushed down semiconductor stocks and the departure of Nike Inc’s chief executive weighed on the company’s shares.
Teva’s proposed opioid settlement could cost drugmaker pennies on the dollar
Teva Pharmaceutical Industries Ltd’s proposed $23 billion drug giveaway to settle thousands of U.S. opioid lawsuits will likely cost the company a fraction of that figure due to how it has valued those medicines, according to a Reuters review of pricin…
Brazil court approves contract draft for transfer of rights oil deal
Brazil’s federal audits court on Wednesday approved a draft contract for a massive transfer of rights oil deal between state-run oil firm Petroleo Brasileiro SA , better known as Petrobras, and the government.
