Southwest and American pull 737 MAX until early March, nearly a year after grounding

Southwest and American pull 737 MAX until early March, nearly a year after grounding
FILE PHOTO: A number of grounded Southwest Airlines Boeing 737 MAX 8 aircraft are shown parked at Victorville Airport in Victorville, California, U.S., March 26, 2019. REUTERS/Mike Blake CHICAGO/WASHINGTON (Reuters) – Southwest Airlines (LUV.N) and American Airlines Group Inc (AAL.O) said on Friday they are extending Boeing 737 MAX cancellations until early March, just shy of the one-year anniversary of... Read More

Amazon long-time executive Steve Kessel to step down

Amazon long-time executive Steve Kessel to step down
FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, November 5, 2019. REUTERS/Pascal Rossignol (Reuters) – E-commerce giant Amazon.com Inc’s (AMZN.O) long-serving executive Steve Kessel will leave the company after 20 years, a company spokesperson told Reuters on Friday. Kessel, a senior vice president who has worked on Amazon’s “Kindle” and brick-and-mortar store... Read More

General Dynamics wins $732 million U.S. defense contract: Pentagon

General Dynamics wins $732 million U.S. defense contract: Pentagon
FILE PHOTO: A General Dynamics sign is shown at the International Association of Chiefs of Police conference in San Diego, California, U.S. October 17, 2016. REUTERS/Mike Blake/File Photo GLOBAL BUSINESS WEEK AHEAD WASHINGTON (Reuters) – General Dynamics Corp (GD.N) has been awarded a $732 million U.S. defense contract for sustainment of the Mobile User Objective System ground system, a narrowband... Read More

Southwest pulls 737 MAX until March, nearly a year after grounding

Southwest pulls 737 MAX until March, nearly a year after grounding
CHICAGO/WASHINGTON (Reuters) – Southwest Airlines (LUV.N) said on Friday it is extending Boeing 737 MAX cancellations until March 6, 2020, just shy of the one-year anniversary of an Ethiopian Airlines crash of the jet that led to a worldwide grounding. FILE PHOTO: A number of grounded Southwest Airlines Boeing 737 MAX 8 aircraft are shown parked at Victorville Airport in... Read More

Tesla’s Musk, Greenlight’s Einhorn taunt each other on Twitter

Tesla’s Musk, Greenlight’s Einhorn taunt each other on Twitter
(Reuters) – Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk and noted short-seller David Einhorn mocked each other in open letters published on Twitter on Friday, trading barbs clothed in polite language. FILE PHOTO: SpaceX owner and Tesla CEO Elon Musk speaks during a conversation with legendary game designer Todd Howard (not pictured) at the E3 gaming convention in Los... Read More

S&P 500 posts fifth week of gains as Wall St. hits records

S&P 500 posts fifth week of gains as Wall St. hits records
NEW YORK (Reuters) – The three major U.S. stock indexes posted record closing highs and the S&P 500 registered a fifth straight week of gains on Friday as investors brushed aside worries over the progress of U.S.-China trade talks and as Walt Disney shares rose. Doubts about trade progress resurfaced earlier in the day when President Donald Trump, in remarks... Read More

Southwest pulls Boeing Max jets until March, nearly a year after grounding

Southwest pulls Boeing Max jets until March, nearly a year after grounding
CHICAGO/WASHINGTON (Reuters) – Southwest Airlines (LUV.N) said on Friday it is extending Boeing 737 MAX cancellations until March 6, 2020, just shy of the one-year anniversary of an Ethiopian Airlines crash of the jet that led to a worldwide grounding. FILE PHOTO: A number of grounded Southwest Airlines Boeing 737 MAX 8 aircraft are shown parked at Victorville Airport in... Read More