Wednesday 27 March 2019

Daily Investor Update: Boeing unveils 737 MAX software fix after fatal crashes

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Boeing unveils 737 MAX software fix after fatal crashes

Boeing Co said on Wednesday it had reprogrammed software on its 737 MAX to prevent erroneous data from triggering an anti-stall system that is facing mounting scrutiny in the wake of two deadly nose-down crashes in the past five months.

S&P 500 slides, bond yields fall on slowdown worries

The S&P 500 and Nasdaq fell on Wednesday as U.S. bond yields fell again and a prolonged inversion in the yield curve fanned growth worries.

Swedish crime unit widens Swedbank inquiry to include suspected fraud

Sweden's Economic Crime Authority said on Wednesday it had widened its ongoing probe into Swedbank to include suspected aggravated fraud after raiding the bank's head office.

Exclusive: Told U.S. security at risk, Chinese firm seeks to sell Grindr dating app

Chinese gaming company Beijing Kunlun Tech Co Ltd is seeking to sell Grindr LLC, the popular gay dating app it has owned since 2016, after a U.S. government national security panel raised concerns about its ownership, according to people familiar with the matter.

Deutsche Bank considers further cost cuts after weak quarter one: Handelsblatt

Deutsche Bank is considering fresh cost cutting after a weak first three months of the year, German business daily Handelsblatt reported, citing people familiar with the matter.

Southwest trims first-quarter outlook after 737 MAX groundings

Southwest Airlines Co on Wednesday was the first major U.S. airline to formally cut its financial outlook for the year after being forced to pull its new fleet of 34 Boeing 737 MAX planes out of service.

U.S. FAA says it has not granted initial approval for Boeing 737 MAX anti-stall upgrade

The U.S. Federal Aviation Administration denied on Wednesday that it has granted provisional approval for Boeing Co's announced anti-stall software upgrade of 737 MAX aircraft following crashes in Indonesia and Ethiopia.

New Jersey jury finds J&J not liable in latest talc cancer trial

A New Jersey jury on Wednesday cleared Johnson & Johnson of liability in a lawsuit brought by a man who said that asbestos in the company's talcum powder products caused his mesothelioma.

U.S. transport chief questions Boeing decisions on 737 MAX safety features

The top U.S. Transportation Secretary questioned on Wednesday why Boeing Co did not require safety features on its top-selling 737 MAX that might have prevented two recent crashes, ahead of a much-anticipated Senate hearing about the airplane.

Boeing unveils 737 MAX software fix after fatal crashes

Boeing Co said on Wednesday it had reprogrammed software on its 737 MAX passenger jet to prevent erroneous data from triggering an anti-stall system that is under mounting scrutiny following two deadly nose-down crashes in the past five months.

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