Boeing slows 737 factory work for three days after recent delays
Boeing Co said on Thursday that production lines will not “pulse” or move airframes forward for three days next week at its 737 factory to allow workers to catch up on work that was previously delayed.
Biogen scraps two Alzheimer drug trials, wipes $18 billion from market value
Biogen Inc and partner Eisai Co Ltd are ending two late-stage trials of their experimental Alzheimer’s disease drug aducanumab, a major setback in the quest to find a treatment for the mind-wasting disease and a blow to Biogen, which lost more than $18…
Ethiopia says U.S., EU, French teams helping analyze crash black boxes
Ethiopia has begun examining cockpit voice and flight data recordings from doomed Ethiopian Airlines flight 302 and is working with U.S., EU and French experts, the Ministry of Transport said on Thursday.
Boeing to offer safety feature as standard in 737 MAX software upgrade
Boeing Co plans to offer as standard a safety feature that might have warned earlier of problems that possibly played a role in the doomed Ethiopian and Indonesian plane crashes that killed almost 350 people, two officials briefed on the matter said Th…
Tech dominates Wall Street rally in wake of dovish Fed statement
Technology stocks surged on Thursday, leading Wall Street higher as jitters over the Federal Reserve’s warning of an economic slowdown were allayed by upbeat economic data.
Union fund adviser CtW questions Lyft’s path to profitability ahead of IPO
Union pension fund adviser CtW Investment Group said on Thursday Lyft Inc “faces an all-but-insurmountable barrier” to profitability due to issues with the ride-hailing company’s pricing strategy and new regulations driving costs higher.
Fund managers skittish over Levi’s long-term growth prospects
Levi Strauss & Co’s is betting it can convince investors there is still plenty of global growth left for the 165-year old company, but fund managers fret the iconic blue jeans maker’s stock may be too pricey to generate a decent return.
The Fed is prodding Americans to buy more on credit
The Federal Reserve’s decisive statement this week that interest rates are unlikely to rise this year sends a signal to U.S. households: keep buying stuff.
Wells Fargo in talks with ex-Goldman exec Schwartz to be next CEO: NY Post
Wells Fargo & Co’s board is in talks with Harvey Schwartz, the former president and co-chief operating officer of Goldman Sachs Group Inc, to take over as the bank’s chief executive, the New York Post reported on Thursday, citing people briefed on the discussion.
Levi Strauss shares surge 31 percent in stock market return
Shares in Levi Strauss & Co surged 31 percent in their debut on Thursday, giving the jeans maker a market value of $8.7 billion and suggesting strong investor appetite before much-awaited listings from Lyft and Uber.
