Wall Street ekes out gains at open after inflation data
The S&P 500 and Nasdaq eked out gains at open on Tuesday as February’s benign inflation data supported the Federal Reserve’s “patient” approach towards further rate hikes, while a second day of losses in Boeing pressured the Dow.
UK CAA suspends Boeing 737 MAX from airspace after crash
Britain on Tuesday joined a growing number of nations to suspend flights by Boeing 737 MAX aircraft over their territory, after an Ethiopia Airlines plane of that model crashed on Sunday killing 157 people.
Southwest says fleet data gives it confidence in 737 MAX
Southwest Airlines said on Tuesday that it remains confident in the safety and airworthiness of its 34 Boeing MAX 8 aircraft, noting that the aircraft produces thousands of data points during each flight which are constantly monitored.
U.S. consumer prices rise; underlying inflation slowing
U.S. consumer prices rose for the first time in four months in February, but the pace of the increase was modest, resulting in the smallest annual gain in nearly 2-1/2 years.
Germany’s Verdi union opposed to Deutsche-Commerzbank merger
Germany’s Verdi labor union on Tuesday objected strongly to a possible merger between Deutsche Bank and Commerzbank, arguing that the merged group would be a more attractive target for a hostile foreign takeover.
Reverse course: stocks, sterling fall as Brexit optimism evaporates
A rally across global stocks and sterling triggered by last-minute tweaks to Britain’s deal to exit the European Union evaporated on Tuesday as comments from the government’s top lawyer raised fresh doubts the new terms won’t sway lawmakers.
Nissan’s Infiniti to exit western Europe early next year
Nissan Motor Co’s premium brand Infiniti said on Tuesday it will exit western Europe early next year, as it restructures its global operations and turns its attention to sales in the world’s top two auto markets.
Global Boeing fears grow, families await Ethiopia crash remains
Singapore, Australia, Malaysia and Oman became the latest nations to suspend Boeing 737 MAX aircraft on Tuesday, while identification of the Ethiopian crash’s 157 victims dragged and black boxes were yet to yield the cause.
Oman suspends Boeing 737 MAX flights after crash
Oman on Tuesday stopped Boeing Co 737 MAX aircraft from flying to or from the Sultanate, following a fatal crash involving the U.S. planemaker’s latest model in Ethiopia.
Honda to recall about 1 million vehicles in U.S. to replace defective Takata airbags
Honda Motor Co said on Tuesday it would recall about 1.1 million Honda and Acura vehicles in the United States to replace defective Takata airbags on the driver’s side.
