Thursday, 11 April 2019

Boeing CEO says two thirds of MAX customers have seen software fix

Boeing CEO says two thirds of MAX customers have seen software fix

Boeing Co's chief executive said on Thursday that about two-thirds of the planemaker's 737 MAX customers have joined simulator sessions with a software update designed to prevent disasters like two recent fatal crashes involving its best-selling jetliner.

French court finds Bayer's Monsanto liable for farmer's sickness

A French court has ruled that Monsanto was liable for the sickness of a farmer who inhaled one of its weedkillers, in another legal setback for the Bayer-owned business over health claims.

Uber files for IPO, lifting curtain on finances

Uber Technologies Inc on Thursday filed publicly with the U.S. Securities and Exchange Commission for its initial public offering (IPO), taking it a step closer to one of the largest technology stock listings of all time.

The S&P 500 ends flat as investors await bank earnings

The S&P 500 ended little changed on Thursday as growing anxiety over a global economic slowdown offset upbeat data and investors waited for earnings season to kick into high gear.

Stocks slide before corporate results, dollar gains

A gauge of global equity markets slid on Thursday as investors waited for first-quarter earnings reports, while Treasury yields rose after strong U.S. data and a six-month extension of a deadline for Britain to leave the European Union.

Campbell to sell fresh food unit for about $500 million to former executive: WSJ

Campbell Soup Co is nearing a deal to sell its fresh food unit's Bolthouse Farms for about $500 million to a group led by the former chief executive officer of the brand, the Wall Street Journal reported on Thursday.

Oil prices slip as OPEC mulls output hike, U.S. stocks build

Oil prices fell on Thursday after sources said OPEC may raise output from July if Venezuelan and Iranian supplies fall further and prices keep rallying.

Anti-Uber protests flare in Argentina as ride-hailing app prepares IPO

Thousands of taxi drivers snarled traffic in the center of Buenos Aires on Thursday to protest the threat to their business from Uber, in the latest reminder of the headaches the ride-hailing platform faces worldwide as it prepares to go public.

FAA to meet with U.S. airlines, pilot unions on Boeing 737 MAX

The Federal Aviation Administration will hold a meeting Friday with major U.S. airlines that fly now grounded Boeing 737 MAX airplanes and three major pilots' unions, the agency confirmed.

U.S. labor market strong; inflation pressures benign

The number of Americans filing applications for unemployment benefits dropped to a 49-1/2-year low last week, pointing to sustained labor market strength that could assuage fears the economy was rapidly losing momentum.

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