China and Indonesia halt Boeing 737 MAX 8 after Ethiopia crash
China, Indonesia and Ethiopia grounded their Boeing Co 737 MAX 8 fleets on Monday while investigators found the black box from a crash that killed 157 people in the second disaster involving that airplane model in six months.
S&P, Nasdaq futures edge higher following lackluster week; Boeing pressures Dow
The S&P 500 and Nasdaq futures eked out gains on Monday as investors took a cautious stance after a weak U.S. jobs report raised questions of slowing global growth, while a slide in planemaker Boeing’s shares pressured Dow futures.
Auto woes drive dip in German industrial output
Plunging car production drove an unexpected drop in German industrial output in January, as the engine room of Europe’s largest economy stuttered on trade tensions and unease about Brexit.
Japan court blocks ex-Nissan boss Ghosn from attending board meeting
A Tokyo court rejected ousted Nissan boss Carlos Ghosn’s request to attend a board meeting this week, denying him a seat at the table even as the carmaker looks set to bolster an alliance he built over two decades.
India to soon issue additional safety instructions for Boeing 737 MAX 8 planes
India’s Directorate General of Civil Aviation (DGCA) said on Monday it is reviewing safety issues related to Boeing’s 737 MAX 8 aircraft operating in the country, a day after the fatal crash of one of the planes in Ethiopia.
Tesla’s Musk nears deadline to respond to SEC contempt bid
Tesla Inc Chief Executive Elon Musk has until the end of the day on Monday to explain why he should not be held in contempt for recent tweets that U.S. securities regulators say violated a September fraud settlement.
Norwegian Air shares fall on MAX aircraft woes, lagging income
Norwegian Air’s shares fell sharply on Monday as investors worried over weaker-than-expected passenger income and the potential impact of the crash of an Ethiopian Air Boeing 737 MAX 8 passenger jet the previous day.
India’s Godfrey Phillips says not violating country’s foreign investment rules
Indian cigarette manufacturer Godfrey Phillips on Monday said it was in compliance with the country’s foreign direct investment (FDI) rules, following a Reuters article that alleged it circumvented the laws.
Recovered black box from Ethiopian Airlines crashed flight is cockpit voice recorder: state TV
The black box recovered from the Ethiopian Airlines plane that crashed on Sunday is the cockpit voice recorder, Ethiopian state TV said on Monday.
Indonesia to temporarily ground Boeing 737 MAX 8 jets for inspections
Indonesia will temporarily ground Boeing 737 MAX 8 aircraft operating in the country for inspection, the director general of aviation said on Monday, in the wake of the deadly crash of one of the planes in Ethiopia.
