Exclusive: Boeing to separate 737 MAX wire bundles before jet’s return to service – sources
Boeing Co plans to separate 737 MAX wiring bundles, flagged by regulators as potentially dangerous, before the jet returns to service, two people familiar with the matter told Reuters on Wednesday.
Exclusive: Boeing to separate potentially risky 737 MAX wire bundles before jet’s return to service – sources
Boeing Co plans to separate 737 MAX wiring bundles, flagged by regulators as potentially dangerous, before the jet returns to service, two people familiar with the matter told Reuters on Wednesday.
Wall Street tumbles, Dow confirms bear market
Wall Street stocks plunged on Wednesday, with the Dow confirming a bear market for the first time since the financial crisis after the World Health Organization called the coronavirus outbreak a pandemic.
Dow enters bear market territory on coronavirus uncertainty as WHO declares pandemic
The dollar weakened and the Dow Jones industrials entered bear market territory on Wednesday on mounting worries about the global economy after world health officials declared a coronavirus pandemic and Reuters reported a White House gag order on top-l…
U.S. sporting goods retailer Modell’s files for bankruptcy protection
Sporting goods retailer Modell’s Sporting Goods filed for Chapter 11 protection in the U.S. bankruptcy court in New Jersey on Wednesday, citing a challenging retail environment.
Best Buy executive chairman to step down
Retailer Best Buy Co Inc said on Wednesday Executive Chairman Hubert Joly would step down and will not stand for re-election at the shareholder meeting on June 11.
Bankers meet with Trump, say prepared to help economy
Leading U.S. bank executives in a meeting with President Donald Trump at the White House said banks are strongly capitalized and prepared to help small businesses and American consumers weather the coronavirus outbreak.
Boeing to freeze hiring as cash woes mount over coronavirus, 737 MAX
Boeing Co is freezing new hiring and overtime except in certain critical areas to preserve cash, the U.S. planemaker’s CEO said on Wednesday, as the coronavirus outbreak compounds the fallout from a year-old grounding of its money-spinning 737 MAX.
U.S. again postpones high-level meeting on Huawei and China: sources
Trump administration officials have postponed for a second time a critical meeting originally set for Wednesday to discuss potential new U.S. restrictions on sales of technology to Huawei and China, people familiar with the matter said.
Blackstone asks its companies hurt by virus to tap credit lines: BBG
Private equity firm Blackstone Group Inc is asking companies it controls to draw down their credit lines to avoid liquidity crunch, a Bloomberg reporter tweeted on Wednesday, citing people familiar with the matter.
