The world's biggest planemaker Boeing faced growing obstacles on Wednesday to returning its grounded 737 MAX fleet to the skies, while details emerged of an Indonesian crash with potential similarities to the Ethiopian disaster.
The Federal Aviation Administration said on Wednesday that Boeing Co is developing a service bulletin instructing airlines to install new flight control computer operational program software in the now grounded Boeing 737 MAX.
A lawyer for a man who sued Bayer AG unit Monsanto after developing cancer on Wednesday told a jury about the company's alleged efforts to influence scientists and regulators, a day after the jury found Bayer's glyphosate-based weed killer Roundup to have caused the man's disease.
The S&P 500 and the Dow ended lower on Wednesday as interest rate-sensitive financial stocks dragged down the indexes after the U.S. Federal Reserve affirmed a dovish monetary policy stance.
The Federal Reserve took a sharply less aggressive policy posture on Wednesday, signaling it will not hike interest rates this year amid a slowing economy and announcing a plan to end its balance sheet reduction program by September.
More than 300 Boeing 737 MAX 8 and MAX 9 passenger jets have been grounded worldwide after two fatal crashes in the past five months in Ethiopia and Indonesia killed nearly 350 people.
U.S. President Donald Trump said on Wednesday a deal with Beijing to end a trade dispute between the two countries was coming along nicely, with U.S. negotiators poised to be in China next week for more talks.
The FBI has joined the criminal investigation into the certification of the Boeing Co's 737 MAX, the Seattle Times reported on Wednesday, citing people familiar with the matter.
Lyft Inc executives are focused on cutting insurance costs and will phase in self-driving vehicles on simple routes first, they said at a road show for investors ahead of the ride-hailing company's initial public offering set for next week.
Shares of FedEx dropped Wednesday morning after the package delivery company slashed its profit forecast for the second time in three months. As Fred Katayama reports, several Wall Street analysts cut their price targets.
European authorities hit the Alphabet unit with a fresh penalty for abusing its dominance. Yet Rob Cyran points out that nearly $10 bln in collective fines pale beside the company's $600 bln increase in market worth, which suggests regulators may need bigger sticks.
