Ethiopian Airlines plane trailed smoke, debris before crash: witnesses
An Ethiopian Airlines plane that crashed on Sunday, killing all 157 people onboard, was trailing smoke and making a strange sound before it came down, two witnesses said.
Dow to open sharply lower as heavyweight Boeing slides after plane crash
A plunge in the shares of the world’s largest planemaker after a fatal crash in Ethiopia set the Dow Jones Industrial index for a sharp fall at the open on Monday and capped gains in the broader markets.
Boeing shares down 11 percent after second 737 MAX crash
Shares of Boeing Co slid 11 percent in early trading on Monday after China, Indonesia and Ethiopia ordered airlines to ground their Boeing 737 MAX 8 planes, following the second deadly crash involving the jet in just five months.
Levi Strauss seeks $6.2 billion valuation in market return
Levi Strauss & Co said on Monday it expects to raise as much as $587 million through an initial public offering (IPO), giving it a value of up to $6.17 billion as the jeans maker returns to the market after three decades.
Barrick ends hostile bid for Newmont, signs Nevada joint venture
Barrick Gold Corp withdrew its $18 billion bid for its biggest rival Newmont Mining Corp, ending a hostile and bitter takeover effort that sought to unite the world’s two biggest gold producers.
Oil gains as Saudi stands by OPEC cuts, U.S. drilling drops
Oil prices rose on Monday, lifted by comments from Saudi Energy Minister Khalid al-Falih that an end to OPEC-led supply cuts was unlikely before June and a report showing a fall in U.S. drilling activity.
Global Aerospace is lead insurer for Boeing
Britain’s Global Aerospace is the lead insurer for the world’s biggest plane maker Boeing Co, the insurer’s top boss said on Monday.
Nvidia outbids Intel to buy Israel’s Mellanox in data center push
U.S. chip supplier Nvidia Corp has agreed to buy Israeli chip designer Mellanox Technologies Ltd for $6.8 billion, beating rival Intel Corp in a deal that would help the firm boost its data center and artificial intelligence business.
Big investors look past Khashoggi to opportunities in Saudi Arabia
Big investors in Saudi Arabia are pushing ahead with deals and pouring money back into its stock market as the kingdom tries to move on from the murder of Saudi journalist Jamal Khashoggi.
Nvidia to buy Israel’s Mellanox for $6.8 billion in data center push
Nvidia Corp said on Monday it will buy Israeli chip designer Mellanox Technologies Ltd for $6.8 billion in cash, a deal that would help the U.S. chipmaker boost its data center business.
