Boeing, FAA officials called to testify in U.S. Senate on 737 MAX plane crashes
Boeing Co faced growing pressure in Washington on Wednesday as U.S. lawmakers called for executives to testify about two crashed 737 MAX jets while the world’s biggest planemaker worked on returning the grounded fleet to the skies.
Jury finding upends Bayer’s Roundup defense strategy: experts
Bayer AG had hoped a new trial strategy focusing jurors on scientific evidence could stem a burgeoning tide of U.S. lawsuits over its glyphosate-based weed killer Roundup, but a second jury finding on Tuesday that the product caused cancer has narrowed…
Fed announces plan to end balance sheet runoff in September
The Federal Reserve on Wednesday unveiled a long-awaited plan to stop scaling back the vast portfolio of bonds it built up to spur an economic recovery from the 2007-2009 financial crisis and recession.
Fed sees no rate hikes in 2019, sets end to asset runoff
The U.S. Federal Reserve on Wednesday brought its three-year drive to tighten monetary policy to an abrupt end, abandoning projections for any interest rate hikes this year amid signs of an economic slowdown, and saying it would halt the steady decline…
World shares dip in wobbly session; pound slides, oil jumps
A gauge of stocks across the world fell on Wednesday as a boost from a dovish Federal Reserve was not enough to offset concerns over economic growth and U.S.-China trade talks.
Boeing wins $4 billion U.S. defense contract for Navy F/A-18 jets: Pentagon
Boeing Co was awarded a $4 billion contract for advance purchase of materials to produce 78 F/A 18 aircraft for the U.S. Navy, the Pentagon said on Wednesday. Work is expected to be completed in April 2024, it said.
U.S. Senate panel hearing set for March 27 with FAA after fatal crashes
A U.S. Senate panel plans a hearing on March 27 on aviation safety after two fatal Boeing 737 MAX 8 aircraft crashes since October, and said it will also schedule a future hearing with Boeing and other manufacturers, officials said on Wednesday.
Boeing faces growing pressure in Washington over 737 MAX crashes
The world’s biggest planemaker Boeing faced growing obstacles on Wednesday to returning its grounded 737 MAX fleet to the skies, while details emerged of an Indonesian crash with potential similarities to the Ethiopian disaster.
U.S. FAA says Boeing to develop service bulletin on 737 MAX, calls it ‘agency priority’
The Federal Aviation Administration said on Wednesday that Boeing Co is developing a service bulletin instructing airlines to install new flight control computer operational program software in the now grounded Boeing 737 MAX.
Banks stifle Wall Street rally following dovish Fed statement
The S&P 500 and the Dow ended lower on Wednesday as interest rate-sensitive financial stocks dragged down the indexes after the U.S. Federal Reserve affirmed a dovish monetary policy stance.
