FAA tells U.S. Senate it would need 10,000 new employees, $1.8 billion to assume all certification
The Federal Aviation Administration told a U.S. Senate panel would need an additional 10,000 employees that would cost $1.8 billion if it were to assume all responsibilities for aircraft certification.
United ‘optimistic’ on Boeing 737 MAX software update, wants oversight
United Airlines, one of three U.S. carriers that operate Boeing’s 737 MAX, is “optimistic” about the U.S. manufacturer’s software update, Vice President of Corporate Safety Michael Quiello said in a statement on Wednesday.
Boeing rolls out software fix to defend 737 MAX franchise
Boeing Co on Wednesday took its most aggressive moves yet to defend its core 737 airliner franchise, saying it had developed software fixes to prevent failures of an automated flight control system that is being scrutinized after two deadly crashes in …
Yields, stocks down with focus on growth, central banks
Benchmark U.S. Treasury yields sank to fresh 15-month lows on Wednesday and German bond yields fell further below zero after more dovish talk from central banks, while a gauge of world stocks fell amid new signs of concern for the global economy.
Wall Street ends lower and bond yields fall
U.S. stocks eased on Wednesday as U.S. Treasury yields fell again and a prolonged inversion in the yield curve fanned growth worries.
Swedish crime unit widens Swedbank inquiry to include suspected fraud
Sweden’s Economic Crime Authority said on Wednesday it had widened its ongoing probe into Swedbank to include suspected aggravated fraud after raiding the bank’s head office.
CEO says crime unit’s search of Swedbank HQ part of ongoing inquiry
Swedbank Chief Executive Birgitte Bonnesen said on Wednesday that a search of its head office by Sweden’s Economic Crime Authority (EBM) was part of a previously announced investigation.
American Airlines pilots ‘optimistic, but cautious’ on 737 MAX fix
Allied Pilots Association, which represents American Airlines Group Inc pilots, said on Wednesday they were pleased with Boeing Co’s progress on a 737 MAX fix but warned that the certification process should not be rushed or fast-tracked.
Wall Street bogged down by growth worries, falling yields
Wall Street’s main indexes were lower on Wednesday, as a prolonged inversion in the U.S. treasury yield curve fanned worries of an economic slowdown.
Deutsche Bank considers further cost cuts after weak quarter one: Handelsblatt
Deutsche Bank is considering fresh cost cutting after a weak first three months of the year, German business daily Handelsblatt reported, citing people familiar with the matter.
