Crisis-hit Boeing readies huge effort to return 737 MAX to the skies
As Boeing Co sets its sights on winning approval to fly its 737 MAX within weeks, following a six-month safety ban, engineers around the world are rolling out plans for one of the biggest logistical operations in civil aviation history.
Exclusive: WeWork considers dramatic valuation discount ahead of IPO
WeWork owner The We Company may seek a valuation in its upcoming initial public offering of between $10 billion and $12 billion, a dramatic discount to the $47 billion valuation it achieved in January, people familiar with the matter said on Friday.
ECB hawks rally against Draghi’s farewell stimulus
Conservative policymakers slammed the European Central Bank’s lavish stimulus measures on Friday, voicing doubts about the need and effectiveness of a package that could consume most of the bank’s remaining firepower.
Draghi’s parting shot leaves next ECB boss with existential dilemma
Christine Lagarde will face a momentous decision in her first year as European Central Bank President: give up on reviving inflation or give in to the temptation of bankrolling governments with neverending bond purchases.
Solid U.S. retail sales ease economic growth concerns
U.S. retail sales increased more than expected in August, pointing to solid consumer spending that should continue to support a moderate pace of economic growth.
Exclusive: WeWork considers IPO valuation of as low as $10 billion – sources
WeWork owner The We Company may seek a valuation in its upcoming initial public offering of between $10 billion and $12 billion, a dramatic discount to the $47 billion valuation it achieved in January, people familiar with the matter said on Friday.
U.S. retail sales increase solidly in boost to economy
U.S. retail sales increased more than expected in August, pointing to solid consumer spending that should continue to support a moderate pace of economic growth.
PG&E reaches $11 billion settlement relating to wildfire claims
California power producer PG&E Corp said on Friday it has reached an $11 billion settlement with entities representing about 85% of insurance subrogation claims relating to 2017 and 2018 wildfires.
Wall Street set to open higher on trade optimism, strong retail sales
U.S. stocks were set to open higher for the third straight day on Friday on growing optimism around trade talks between the United States and China as well as stronger-than-expected domestic retail sales.
Ford recalls some Explorer SUVs after reports of hand injuries on sharp seat edges
Ford Motor Co said on Friday it was recalling some 2017 Explorer SUVs after receiving reports of 31 people injuring their hands on sharp edges down the side of the front seat.
