Friday, 15 March 2019

Daily Investor Update: Airlines with buyers' remorse may use Boeing 737 MAX ban to revise orders

Reuters.com Newsletter

Airlines with buyers' remorse may use Boeing 737 MAX ban to revise orders

The grounding of Boeing's global 737 MAX fleet has brought headaches for airlines that need to find alternative aircraft to fly in their place, but it has given some carriers a welcome opportunity to re-evaluate orders for the plane.

BMW, Varta apply for funds in battery cell push for e-cars

Luxury carmaker BMW and Germany's Varta have both applied for state funding aimed at supporting battery cell production for electric vehicles, they said on Friday, hitting a deadline set by the German government.

Apple infringed three Qualcomm patents, jury finds

Mobile phone chip supplier Qualcomm Inc on Friday won a legal victory against iPhone maker Apple Inc, with a jury in federal court in San Diego finding that Apple owes Qualcomm about $31 million for infringing three of its patents.

Wall Street climbs with tech shares, trade optimism

U.S. stocks rose on Friday, led by technology companies, as sentiment was lifted by an upbeat note in trade talks between the United States and China.

Stocks gain on trade, Brexit optimism, dollar slides

A gauge of global equity markets hit a fresh five-month high on Friday on investor optimism over U.S.-Chinese trade talks and hopes a new Brexit vote next week will prove successful, but the dollar headed to its biggest weekly loss since early December.

No new natural gas hookups in New York's Westchester County, Con Ed says

New York energy company Consolidated Edison Inc said on Friday it still plans to impose a moratorium on new natural gas service in parts of Westchester County after March 15 despite a $250 million plan by the state to reduce energy usage.

Shocked aviation world awaits Boeing black box probe in France

Investigators in France on Friday examined the black boxes of a Boeing 737 MAX that crashed in Ethiopia as the global airline industry waited to see if the cause was similar to a disaster in Indonesia months before.

Ethiopian Airlines CEO sees 'clear similarities' between crashed 737 MAX jets: Xinhua

The crashed Boeing Co 737 MAX jets in Ethiopia and Indonesia appear to have a common connection, Ethiopian Airlines Group Chief Executive Officer Tewolde Gebremariam told China's state news agency Xinhua on Friday.

Apple says Spotify wants benefits of a free app without being free

Apple Inc on Thursday responded to Spotify Technology SA's complaint with EU antitrust regulators, saying the audio streaming service "wants all the benefits of a free app without being free".

U.S. regulators want public's view on cars with no steering wheel, brakes

U.S. regulators will ask the public if robotic cars should be allowed on streets without steering wheels or brake pedals as they try to set the first legal boundaries for their design in the world's second largest vehicle market.

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