U.S. FAA will not order immediate grounding of Boeing 737 MAX
The Federal Aviation Administration said on Tuesday it will not ground the Boeing 737 MAX that has been involved in two fatal crashes since October despite a growing number of countries ordering the planes to stop flying.
Rite Aid shakes up top management, to cut about 400 jobs in restructuring
Rite Aid Corp said on Tuesday its chief executive officer would exit as part of a revamp of its top deck, and that it would slash about 400 job corporate positions.
EU suspends Boeing 737 MAX flights, U.S. senators suggest similar move
The European Union’s aviation safety regulator on Tuesday suspended all flights in the bloc by Boeing 737 MAX and the U.S. Senator who chairs a panel overseeing aviation suggested the United States take similar action following a crash in Ethiopia that…
Elon Musk’s defense of his Tesla tweet will get SEC response
The top U.S. securities regulator received permission from a federal judge on Tuesday to respond to Tesla Inc Chief Executive Elon Musk’s arguments that his Twitter post about the electric vehicle maker’s production volume did not violate his recent fraud settlement.
Trump tweets on airplanes, speaks to Boeing CEO in wake of 737 MAX crash
President Donald Trump, concerned about the deadly crash of a Boeing 737 MAX passenger plane in Ethiopia, spoke to Boeing Chief Executive Dennis Muilenburg on Tuesday and received assurances that the aircraft was safe, two people briefed on the call sa…
U.S. Senate to hold crash hearing as lawmakers urge grounding Boeing 737 MAX 8
The U.S. Senate Commerce Committee plans to hold a hearing on the fatal crashes of two Boeing Co 737 MAX 8 jets since October as a growing number of lawmakers called on U.S. regulators to ground the airplane.
S&P, Nasdaq rise on tame inflation data; Dow felled by Boeing
The S&P 500 and the Nasdaq rose on Tuesday after tame inflation data underscored the Federal Reserve’s dovish stance on interest rate hikes, but the Dow ended lower as Boeing’s shares sank for a second day after one of its planes crashed in Ethiopia.
U.S. Senate to hold hearing on Boeing 737 MAX 8 crashes
The head of a U.S. Senate panel that oversees aviation issues said on Tuesday that he plans to hold hearings on the fatal crashes of two Boeing 737 MAX 8 jets since October, and suggested it would be “prudent” to temporarily ground the planes.
U.S. SEC wants to respond to Elon Musk’s defense of Tesla tweet
The top U.S. securities regulator on Tuesday sought permission from a judge to respond to Tesla Inc Chief Executive Elon Musk’s arguments that his Twitter post about the electric vehicle maker’s production volume did not violate his fraud settlement with the government.
Deal or no deal, U.S.-China trade talks may finish in weeks: Lighthizer
The United States and China may be in the final weeks of discussions to hammer out a deal to ease their tit-for-tat tariffs dispute, U.S. Trade Representative Robert Lighthizer said on Tuesday.
