Boeing replaces top commercial airplanes executive
Boeing’s top commercial airplanes executive Kevin McAllister is leaving the company as the planemaker continues to grapple with the fallout from two fatal crashes of its 737 MAX, the company said on Tuesday.
Mixed earnings, failed Brexit vote push down S&P 500
The benchmark S&P 500 index gave up modest gains on Tuesday from earlier in the session after British lawmakers rejected the government’s proposed timetable for passing legislation to ratify its deal to exit the European Union.
Exclusive: Blackstone, CVC seek to take Paysafe public – sources
Private equity firms Blackstone Group Inc and CVC Capital Partners Ltd are seeking to hire underwriters for an initial public offering (IPO) of Paysafe Group Ltd that could value the payments processing firm at more than $10 billion, including debt, a…
Bank of Canada rate cut bets sink as investors eye post-election spending
Investors are ditching bets that the Bank of Canada will cut interest rates over the coming months as the domestic economy shows resilience and the federal election result adds to prospects of growth-boosting fiscal spending next year.
Fiat Chrysler to build new car battery hub in Turin
Fiat Chrysler will build a new battery assembly complex in its Mirafiori plant in Turin, with an initial investment of 50 million euros ($56 million), the carmaker said on Tuesday.
Spanish court to probe Russian tycoon’s bid for DIA supermarket chain: document
Spain’s High Court will investigate allegations that Russian tycoon Mikhail Fridman acted to depress the share price of DIA when trying to take control of the supermarket chain, a court document seen by Reuters showed.
Boeing texts reveal flawed simulator, not smoking gun: ex-colleagues
Four days after leaked internal pilot messages set off a media firestorm for Boeing Co , former colleagues have defended a former pilot who voiced concerns about unreported 737 MAX software problems two years before fatal crashes.
Fiat Chrysler to build new battery hub in Turin
Fiat Chrysler will build a new battery assembly complex in its Mirafiori plant in Turin, with an initial investment of 50 million euros ($56 million), the Italian American auto maker said on Tuesday.
Five U.S. officials including Kushner, Mnuchin to attend Saudi financial conference: sources
U.S. Treasury Secretary Steven Mnuchin and presidential adviser Jared Kushner will lead Washington’s delegation to an annual financial conference in Saudi Arabia, government sources said on Tuesday.
UTC says Boeing 737 MAX production could remain at current levels
United Technologies believes Boeing will still make 737 MAX planes at its current rate for the rest of 2019, Chief Financial Officer Akhil Johri said on Tuesday, allaying some fears of a complete halt in production.
