FAA chief to meet with Boeing officials, test 737 MAX simulator
New Federal Aviation Administration (FAA) chief Stephen Dickson plans to fly to Seattle this week to fly “newly configured” Boeing 737 MAX software in a simulator and will visit with Boeing officials, the agency said Monday.
Germany’s Osram urges investors to accept $4.8 billion AMS offer
Osram advised shareholders to accept a 4.3 billion euro ($4.8 billion) bid from AMS on Monday, bringing the Austrian sensor specialist a step closer to taking over the bigger German lighting group.
Electric pickup, batteries included in GM’s $7 billion pledge
An all-electric pickup truck and an advanced battery system will be part of the $7 billion that General Motors Co has pledged to invest in the United States as parts of contract talks with the United Auto Workers.
Trump says U.S. does not need Middle East oil, but cargoes keep coming
Amid a flurry of Twitter posts on Monday morning, U.S. President Donald Trump turned to the weekend attack on Saudi Arabia’s oil facilities and assured his audience the United States had become such a big producer it no longer needed oil from the Middle East. (See tweet https://twitter.com/realDonaldTrump/status/1173560246863876096)
U.S., Chinese trade deputy talks to start on Thursday: USTR
Deputy-level U.S.-China trade talks are scheduled to start in Washington on Thursday, the U.S. Trade Representative’s office said on Monday, paving the way for high-level talks in October aimed at resolving a bitter, 14-month trade war.
FedEx to increase shipping rates across units in 2020
U.S. package delivery company FedEx Corp said on Monday shipping rates at its express unit, which delivers packages using planes, will increase by an average of 4.9% for domestic, export and import services starting Jan. 6 next year.
Trump says looks like Iran was behind Saudi oil attacks
U.S. President Donald Trump on Monday said it looked like Iran was behind attacks on oil plants in Saudi Arabia at the weekend that raised fears of a fresh Middle East conflict, but added that he did not want war with anyone.
Oil soars after attack on Saudi facilities, stocks dip
Oil prices soared on Monday after attacks on crude facilities in Saudi Arabia cut the kingdom’s production in half and sparked worries over the impact of an oil shock on economic growth, halting a positive run in world stock markets as investors reache…
Evidence indicates Iranian arms used in Saudi attack, Riyadh says
Saudi Arabia said on Monday that the attack on its oil facilities was carried out with Iranian weapons, according to a preliminary investigation, but stopped short of directly blaming regional foe Iran.
U.S. lawmakers blast Iran, wary of war, after Saudi oil attack
Members of the U.S. Congress blasted Iran after the attack on Saudi Arabian oil facilities, but expressed wariness about U.S. military action, especially before they have a clearer picture of who was behind it.
