U.S. aviation agency to overhaul oversight after Boeing crashes
The Federal Aviation Administration (FAA) will significantly change its oversight approach to air safety by July, a U.S. transport department official said on Tuesday, following two fatal Boeing MAX 737 plane crashes.
Exclusive: FAA to overhaul air safety oversight by July – U.S. inspector general
The Federal Aviation Administration will significantly change its oversight approach to air safety by July 2019, U.S. Transportation Department Inspector General Calvin Scovel said in written testimony reviewed by Reuters ahead of a U.S. Senate panel h…
U.S. bond yields, world stocks rise as risk buying returns
Benchmark U.S. Treasury yields rebounded off of 15-month lows on Tuesday while global stock markets broadly surged after a two-session swoon, as risk appetite improved after worries of an economic recession had clouded trading since late last week.
Tech, energy shares prop up Wall Street
Wall Street’s main indexes rose on Tuesday, as Apple and chipmakers boosted technology shares, while higher oil prices lifted energy companies.
General Electric in $49 million settlement over Petters fraud
General Electric Co on Tuesday reached a $49 million settlement to end a long-running lawsuit over its relationship with Thomas Petters, the Minnesota businessman serving a 50-year prison term for running a multibillion-dollar Ponzi scheme.
Exclusive: U.S. FAA to overhaul oversight approach to air safety by July
The Federal Aviation Administration will significantly change its oversight approach to air safety by July 2019, U.S. Transportation Department Inspector General Calvin Scovel said in written testimony ahead of a U.S. Senate panel hearing.
Exclusive: FAA says oversight needs to ‘evolve’ after Boeing crashes
The acting head of the U.S. Federal Aviation Administration will tell a congressional panel on Wednesday that the agency’s oversight approach must “evolve” after two fatal Boeing 737 MAX crashes since October, according to written testimony viewed by Reuters.
Factbox: What we know about Boeing 737 MAX crash and what comes next
More than 300 Boeing 737 MAX jets have been grounded worldwide after two fatal crashes in the past five months in Ethiopia and Indonesia killed nearly 350 people.
Activist investors seek ouster of Bed Bath & Beyond CEO; shares surge
Bed Bath & Beyond Inc’s long-time Chief Executive Steven Temares came under pressure on Tuesday after activist investors called for his ouster and the replacement of the entire board, sending the company’s shares up as much as 30 percent.
VW has no plan to produce electric vehicles in Brazil in next few years
Volkswagen AG does not plan to produce electric or hybrid vehicles in Brazil in the next few years, although it will begin importing them this year, its top executive for South America Pablo Di Si told reporters on Tuesday.
