Canada transport minister says simulator needed for 737 MAX fix
New training requirements for Boeing Co’s grounded 737 MAX jet should include time in a flight simulator, Canada’s transport minister said on Wednesday.
EU lawmakers back wifi-based car standard in win for Volkswagen
The European Commission’s push for a wifi-based standard for cars backed by Volkswagen took a big step forward on Wednesday after EU lawmakers endorsed wifi over 5G technology promoted by BMW and Qualcomm.
Qualcomm gains $30 billion in market value after Apple settlement
Qualcomm Inc added $30 billion to its market value after it resolved a legal battle with Apple Inc, a move that secures its leadership in 5G phone chips and could pave the way for a similar settlement with China’s Huawei Technologies.
BNY Mellon expects net interest revenue to drop again, shares slide
Bank of New York Mellon Corp said on Wednesday it expects net interest revenue to decline again in the current quarter as the world’s largest custodian bank pays higher interest rates to attract deposits, sending its shares down 9 percent.
Continental, Valeo seek EU antitrust action against Nokia
German car parts maker Continental and French rival Valeo have joined Daimler and Bury Technologies to seek an EU antitrust investigation into Nokia’s patent licensing practices for cars, the Finnish tech company said on Wednesday.
Global stock rally on China data capped by flight from healthcare shares
World stock markets pared earlier gains as a continued flight from healthcare shares dragged on Wall Street, overshadowing earlier upbeat economic data from China.
Toyota to sell first hybrid car made in Brazil
Japan’s Toyota Motor Corp said on Wednesday it will begin building a new version of the Corolla sedan in Brazil that will run on electricity, ethanol and gas, which it says will be the first vehicle of its kind in the world.
Wall Street flat as healthcare decline counters chip boost
Wall Street’s main indexes were trading flat on Wednesday, as a Qualcomm-led rally in chipmakers was offset by a slide in healthcare stocks for the second straight session, although quarterly earnings came in largely positive.
Jet Airways: How the ‘Joy of Flying’ airline’s dreams soured
Beleaguered carrier Jet Airways halted all operations on Wednesday after its lenders rejected its plea for emergency funding from the airline that was once India’s largest private carrier.
Ford Motor forecasts $1 billion profit improvement at Michigan truck plant
Ford Motor Co said on Wednesday a planned shift in production at a Michigan plant to trucks from less profitable cars will lead to an improvement of more than $1 billion in operating earnings.
