American Airlines pilots expect to test 737 MAX software fix in Boeing simulator

American Airlines pilots expect to test 737 MAX software fix in Boeing simulator
CHICAGO (Reuters) – American Airlines pilots expect to test Boeing Co’s 737 MAX software fix on simulators this weekend, the pilots’ union told Reuters on Thursday, a key step in restoring their confidence in the jet after two fatal crashes. FILE PHOTO: An aerial photo shows Boeing 737 MAX airplanes parked at the Boeing Factory in Renton, Washington, U.S. March... Read More

Asian shares hit 6-1/2-month high on tech hopes, U.S. data

Asian shares hit 6-1/2-month high on tech hopes, U.S. data
TOKYO (Reuters) – Asian shares hit 6-1/2-month highs on Friday after upbeat U.S. data and optimism in the tech sector lifted Wall Street stocks, helping calm some of the jitters sparked by the Federal Reserve’s cautious outlook on the world’s biggest economy. FILE PHOTO: A man looks at an electronic stock quotation board outside a brokerage in Tokyo, Japan, October... Read More

U.S. fund Elliott suffers crushing defeat in Hyundai proxy vote

U.S. fund Elliott suffers crushing defeat in Hyundai proxy vote
SEOUL (Reuters) – Investors in Hyundai Motor Group companies rejected on Friday Elliott Management’s demands for a massive special dividend and board seats, dealing a blow to the U.S. hedge fund’s campaign to shake up South Korea’s second-biggest family-run conglomerate. Employees of Hyundai Motor Group attend the company’s new year ceremony in Seoul, South Korea, January 2, 2019. REUTERS/Kim Hong-Ji... Read More

Hyundai Motor shareholders vote against Elliott dividend proposal

Hyundai Motor shareholders vote against Elliott dividend proposal
FILE PHOTO: The Hyundai logo is seen during the first press day of the Paris auto show, in Paris, France, Oct. 2, 2018. REUTERS/Regis Duvignau SEOUL (Reuters) – Hyundai Motor shareholders voted on Friday against Elliott Management’s proposals for dividend payouts. Elliott Management had called for a hefty special dividend and a board shake-up at Hyundai Motor Group, South Korea’s... Read More

Hyundai Mobis shareholders vote against Elliott dividend proposal

Hyundai Mobis shareholders vote against Elliott dividend proposal
SEOUL (Reuters) – Hyundai Mobis shareholders voted on Friday against Elliott Management’s proposal for dividend payouts. Elliott Management had called for a special dividend and a board shake-up at Hyundai Motor Group, South Korea’s No.2 family-run conglomerate, to address its “poor governance” and “excess cash”. Reporting by Hyunjoo Jin; Editing by Stephen Coates Read More

Mexico could pay Pemex debt from $15 billion stabilization fund

Mexico could pay Pemex debt from $15 billion stabilization fund
ACAPULCO, Mexico (Reuters) – Mexico’s deputy finance minister said on Thursday the government was considering using part of a $15.4 billion public income stabilization fund to pay some debt obligations for heavily leveraged state oil company Pemex. A view of the headquarters of state owned oil company Pemex in Mexico City, Mexico March 5, 2019. REUTERS/Daniel Becerril The finance ministry... Read More

Hyundai shareholders reject Elliott’s $6.2 billion dividend request

Hyundai shareholders reject Elliott’s $6.2 billion dividend request
Employees of Hyundai Motor Group attend the company’s new year ceremony in Seoul, South Korea, January 2, 2019. REUTERS/Kim Hong-Ji SEOUL (Reuters) – Investors in Hyundai Motor Group companies rejected on Friday Elliott Management’s demands for a massive special dividend, dealing a blow to the U.S. hedge fund’s campaign to shake up South Korea’s second-biggest family-run conglomerate. South Korea has... Read More

Tesla’s Musk tells employees vehicle deliveries ‘primary priority’ near end of first quarter

Tesla’s Musk tells employees vehicle deliveries ‘primary priority’ near end of first quarter
FILE PHOTO: Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China January 7, 2019. REUTERS/Aly Song/File Photo (Reuters) – Tesla Inc’s vehicle deliveries scheduled across Europe, China and North America should be a “primary priority” for all employees during the last 10 days of the first quarter, Chief Executive Officer Elon Musk said in an... Read More

Hyundai shareholders reject Elliott’s $6.2 bln dividend request

Hyundai shareholders reject Elliott’s $6.2 bln dividend request
Employees of Hyundai Motor Group attend the company’s new year ceremony in Seoul, South Korea, January 2, 2019. REUTERS/Kim Hong-Ji SEOUL (Reuters) – Investors in Hyundai Motor Group companies rejected on Friday Elliott Management’s demands for a massive special dividend, dealing a blow to the U.S. hedge fund’s campaign to shake up South Korea’s second-biggest family-run conglomerate. South Korea has... Read More

American Airline pilots expect to test 737 MAX software fix in Boeing simulator

American Airline pilots expect to test 737 MAX software fix in Boeing simulator
CHICAGO (Reuters) – American Airlines Group Inc pilots expect to test Boeing Co’s 737 MAX software fix on the U.S. manufacturer’s simulators this weekend, officials from the pilots’ union told Reuters on Thursday, a key step in restoring pilots’ confidence in the aircraft after two fatal crashes. FILE PHOTO: An aerial photo shows Boeing 737 MAX airplanes parked at the... Read More