FAA probes Boeing 737 MAX production, says it won’t approve jets’ return this year

FAA probes Boeing 737 MAX production, says it won’t approve jets’ return this year
WASHINGTON/SEATTLE (Reuters) – The U.S. Federal Aviation Administration said on Wednesday it was investigating production issues involving Boeing Co’s 737 MAX and confirmed the agency will not approve the grounded commercial jet for flight before year end. At a hearing before U.S. lawmakers, FAA chief Steve Dickson cited a series of steps that still must be completed before 737 MAX... Read More

Global stocks extend gains after Fed keeps rates on hold; oil falls

Global stocks extend gains after Fed keeps rates on hold; oil falls
NEW YORK (Reuters) – Global equity markets rose on Wednesday after the Federal Reserve indicated interest rates would remain on hold for some time – a positive for risk assets – while oil prices fell after data showed an unexpected increase in U.S. crude inventories. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in... Read More

Goldman Sachs names new head of Johannesburg office

Goldman Sachs names new head of Johannesburg office
FILE PHOTO: The ticker symbol and logo for Goldman Sachs is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., December 18, 2018. REUTERS/Brendan McDermid/File Photo JOHANNESBURG (Reuters) – U.S. investment bank Goldman Sachs (GS.N) has appointed Jonathan Penkin as head of its Johannesburg office, the bank’s base for sub-Saharan Africa... Read More

FAA probes Boeing 737 MAX production, ex-manager warns of ‘a factory in chaos’

FAA probes Boeing 737 MAX production, ex-manager warns of ‘a factory in chaos’
WASHINGTON/SEATTLE (Reuters) – The U.S. Federal Aviation Administration said on Wednesday it was investigating production issues at Boeing Co’s 737 MAX factory, raised by an ex-manager who warned that schedule pressure and worker fatigue undermined quality and raised safety risks. Federal Aviation Administration (FAA) Administrator Stephen Dickson testifies before a House Transportation and Infrastructure Committee hearing on “The Boeing 737... Read More

Argo takes different road to skirt self-driving challenges

Argo takes different road to skirt self-driving challenges
PITTSBURGH/DETROIT (Reuters) – Sky’s the limit optimism about self-driving cars is giving way to tougher questions about how expensive automotive artificial intelligence will ever make a profit. FILE PHOTO: An Argo Ai self driving prototype vehicle is seen outside a Ford and Volkswagen joint news conference in New York City, New York, U.S., July 12, 2019. REUTERS/Mike Segar/File Photo Those... Read More

Netflix could lose four million U.S. subscribers in 2020: brokerage

Netflix could lose four million U.S. subscribers in 2020: brokerage
(Reuters) – Needham and Co was the fourth Wall Street brokerage in two months to cut its rating for Netflix Inc (NFLX.O) on Tuesday, arguing competition from new streaming services could lead to the loss of 4 million premium U.S. subscribers next year. FILE PHOTO: The Netflix logo is shown in this illustration photograph in Encinitas, California October 14, 2014.... Read More