Boeing says did not intentionally deactivate 737 MAX safety feature
Boeing Co said on Monday it did not “intentionally or otherwise” deactivate a safety alert for its angle-of-attack sensors on its 737 MAX aircraft, responding to reports the planemaker failed to tell Southwest Airlines Co and the U.S aviation regulator…
Global stocks climb as S&P 500 hits record, oil steadies after selloff
A jump in U.S. consumer spending propelled U.S. shares to a record high on Monday and global equities edged upwards, helping offset a weak euro zone sentiment survey and political uncertainty over Spain’s elections.
Canadian farm exports hit new Chinese obstacles amid diplomatic dispute
An expanding list of Canadian farm exports is hitting obstacles at Chinese ports, leaving sellers of soybeans, peas and pork scrambling amid a bitter diplomatic dispute.
Wall St. gains after tame inflation data; S&P 500 hits high
U.S. stocks were higher in Monday afternoon trading, with the S&P 500 and the Nasdaq hitting record highs, as consumer spending rose in March and benign inflation data underscored the Federal Reserve’s accommodative stance on interest rates.
Boeing CEO faces tough questions as fallout from 737 MAX crashes persists
Boeing Co CEO Dennis Muilenburg, facing tough questions after two fatal crashes of the 737 MAX plane, emerged with his job intact at an annual meeting on Monday and promised at a tense news conference to win back the public’s trust. Battling the big…
Global stocks climb as S&P 500 hits record, oil rises after selloff
A jump in U.S. consumer spending pushed U.S. shares to an intraday record on Monday and global equities edged higher, offsetting a weak euro zone sentiment survey and political uncertainty over Spain’s elections.
Colombia’s Avianca says bankruptcy of Avianca Brasil causing ‘reputational harm’
Colombia’s Avianca Holdings SA said on Monday it is experiencing “reputational harm” from its association with Avianca Brasil, an air carrier that licenses its name and has canceled over 1,000 flights amid a bankruptcy restructuring.
Tesla says may seek new funding; shares up after SEC agreement
Tesla Inc said on Monday it could seek alternative sources of financing, days after Chief Executive Officer Elon Musk reached a deal with U.S. securities regulators to settle a dispute over his Twitter use, removing an overhang on the stock.
U.S. SEC freezes assets over suspected insider trading in Anadarko
The U.S. Securities and Exchange Commission on Monday obtained an asset freeze in connection with suspected insider trading in Anadarko Petroleum Corp before the oil company agreed to be acquired by rival Chevron Corp.
Amazon starts recruiting and leases office for Virginia ‘HQ2’
Amazon.com Inc on Monday said it had leased office space and posted several jobs for its second headquarters outside Washington, D.C., the start of more than a decade of investment and hiring that cities across North America had sought.
