Boeing reshuffles top engineers amid 737 MAX crisis
Boeing Co’s commercial airplane division, facing its biggest crisis in years following deadly crashes of its flagship 737 MAX aircraft, has brought in a new vice president of engineering while dedicating another top executive to the aircraft investigat…
Asian shares hold near six-month high on hopes of dovish Fed
Asian shares got off to a cautious start on Wednesday, holding close to six-month highs on hopes the U.S. Federal Reserve will stick to a dovish stance and unveil a plan to stop cutting bond holdings later this year.
Democrats seek probe of key FAA decisions on 737 MAX approval
The chairman of the U.S. House of Representatives transportation committee and another key Democrat asked the Transportation Department’s inspector general on Tuesday to examine key decisions made by the Federal Aviation Administration in certifying Bo…
FedEx cuts profit forecast again on economy, Express woes
FedEx Corp on Tuesday cut its 2019 profit forecast for the second time in three months, sending its shares down more than 5 percent and fueling fresh worries it is losing ground to delivery rivals such as United Parcel Service Inc and Deutsche Post DHL…
Google to prompt Android users to choose preferred browsers to allay EU concerns
Alphabet’s Google will prompt Android users to choose their preferred browsers and search apps, a senior Google executive said on Tuesday, as the company seeks to allay EU antitrust concerns and ward off fresh sanctions.
Viacom warns customers its channels may stop airing on DirecTV
Viacom Inc said on Tuesday it had begun warning DirecTV’s 24 million subscribers its channels could stop being shown on the AT&T Inc-owned satellite TV service if it fails to reach a new contract by midnight March 22.
Lyft’s IPO oversubscribed on road show’s second day: sources
(This March 19 story corrects paragraph 15 to remove reference to Stripe planning an IPO)
Trump taps former Delta executive to head aviation regulator
U.S. President Donald Trump will nominate former Delta Air Lines executive Steve Dickson to head the Federal Aviation Administration (FAA), the White House said on Tuesday, as the aviation agency grapples with fallout from two fatal crashes in Boeing a…
FedEx cuts 2019 forecast again, shares drop 5 percent
FedEx Corp on Tuesday cut its 2019 profit forecast for the second time in three months, sending its shares down 5 percent and fueling fresh worries it is losing ground in Europe to delivery rivals United Parcel Service Inc and Deutsche Post DHL Group.
Tencent Music meets profit estimates in first earnings report, shares fall
China-based music streaming company Tencent Music Entertainment Group on Tuesday posted an in-line quarterly adjusted profit, in its first earnings report since going public.
