U.S. factory orders rise less than expected in January

U.S. factory orders rise less than expected in January
WASHINGTON, (Reuters) – New orders for U.S.-made goods rose less than expected in January, held back by decreases in orders for computers and electronic products, in another indication of slowing manufacturing activity. FILE PHOTO: A worker is seen building an aircraft engine at Honeywell Aerospace in Phoenix, Arizona, U.S. on September 6, 2016. REUTERS/Alwyn Scott Factory goods orders edged up... Read More

Ethiopian crash crew’s voices could unlock high-stakes Boeing inquiry

Ethiopian crash crew’s voices could unlock high-stakes Boeing inquiry
ADDIS ABABA/PARIS (Reuters) – The investigation into the final minutes of Ethiopian Airlines Flight 302 turned on Tuesday to the secrets in the cockpit voice recorder as Boeing and a shaken global aviation industry hung on the outcome. FILE PHOTO: Ethiopian Red Cross workers carry a body bag with the remains of Ethiopian Airlines Flight ET 302 plane crash victims... Read More

Philippines rejects Go-Jek appeal against ride-hailing license ban

Philippines rejects Go-Jek appeal against ride-hailing license ban
FILE PHOTO: Go-Jek driver helmets are seen during the Go-Food festival in Jakarta, Indonesia, Oct. 27, 2018. REUTERS/Beawiharta/File Photo MANILA (Reuters) – Indonesian ride-hailing firm Go-Jek lost an appeal on Tuesday against the Philippines’ decision to refuse to grant it a license due to its failure to meet local ownership criteria, in a major blow to its Southeast Asia expansion... Read More

Ride-hailing firm Lyft launches IPO road show in Uber’s shadow

Ride-hailing firm Lyft launches IPO road show in Uber’s shadow
(Reuters) – Lyft Inc kicked off the investor road show for its initial public offering on Monday, targeting a valuation of up to $23 billion and seeking to woo money managers before larger ride-hailing rival Uber Technologies Inc goes public in April. An electric scooter from the ride sharing company Lyft is shown on a downtown sidewalk in San Diego,... Read More

Ethiopia and Indonesia crash parallels heap pressure on Boeing

Ethiopia and Indonesia crash parallels heap pressure on Boeing
ADDIS ABABA/PARIS (Reuters) – Investigators probing the Boeing 737 MAX crash in Ethiopia have found similarities in vital flight angle data with an aeroplane that came down off Indonesia, a source said, hiking pressure on the world’s biggest planemaker. FILE PHOTO: Two Boeing 737 MAX 8 aircraft are parked at a Boeing production facility in Renton, Washington, U.S., March 11,... Read More

Pressure rises on Boeing over Ethiopia, Indonesia crash parallels

Pressure rises on Boeing over Ethiopia, Indonesia crash parallels
ADDIS ABABA/PARIS (Reuters) – Investigators probing the Boeing 737 MAX crash in Ethiopia have found similarities in direction data with an aeroplane that came down off Indonesia, a source said, heightening pressure on the world’s biggest planemaker. FILE PHOTO: Two Boeing 737 MAX 8 aircraft are parked at a Boeing production facility in Renton, Washington, U.S., March 11, 2019. REUTERS/David... Read More

Boeing faces growing scrutiny in Ethiopian crash probe

Boeing faces growing scrutiny in Ethiopian crash probe
ADDIS ABABA/PARIS (Reuters) – The world’s biggest planemaker faced escalating pressure on Monday after Ethiopia pointed to parallels between its crash and one in Indonesia, sharpening focus on the safety of software installed in Boeing’s 737 MAX planes. FILE PHOTO: Two Boeing 737 MAX 8 aircraft are parked at a Boeing production facility in Renton, Washington, U.S., March 11, 2019.... Read More

Ride-hail firm Lyft launches IPO road show in Uber’s shadow

Ride-hail firm Lyft launches IPO road show in Uber’s shadow
(Reuters) – Lyft Inc on Monday kicked off the investor road show for its initial public offering (IPO), seeking to woo money managers before its bigger ride-hailing rival Uber Technologies Inc makes its stock market splash in April. An electric scooter from the ride sharing company Lyft is shown on a downtown sidewalk in San Diego, California, U.S., March 15,... Read More

Boeing shares fall again after probe report into FAA approval of 737 MAX

Boeing shares fall again after probe report into FAA approval of 737 MAX
FILE PHOTO: The company logo and trading informations for Boeing is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 13, 2019. REUTERS/Brendan McDermid/File Photo (Reuters) – Boeing Co shares fell by more than 2.2 percent early on Monday, after a pair of newspaper reports over the weekend raised more... Read More

Ethiopia says crashed jet’s black boxes show similarities to Lion Air disaster

Ethiopia says crashed jet’s black boxes show similarities to Lion Air disaster
ADDIS ABABA/WASHINGTON (Reuters) – The crash of an Ethiopian Airlines plane that killed 157 people had “clear similarities” with October’s Lion Air crash, Ethiopia said on Sunday, shown by initial analysis of the black boxes recovered from the wreckage of the March 10 disaster. A woman mourns next to coffins during the burial ceremony of the Ethiopian Airline Flight ET... Read More