Wednesday, 3 April 2019

Boeing says successfully tested new 737 MAX software in CEO flight

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Boeing says successfully tested new 737 MAX software in CEO flight

Boeing Co said on Wednesday its chief executive, Dennis Muilenburg, had joined a test flight on a 737 MAX 7 jetliner for a demonstration of updated MCAS anti-stall software. 

Shorts line up for a Lyft ride despite surge pricing

What a difference a week makes. Lyft Inc has gone from IPO darling to short sellers' best friend.

Corona maker Constellation to sell about 30 brands in a $1.7 billion deal

Constellation Brands Inc said on Wednesday it would sell about 30 of its low-end wine and spirits brands and related facilities to E. & J. Gallo Winery for $1.7 billion, as the Corona beer maker focuses on its more premium and profitable brands.

Netflix amends bylaws allowing shareholders to nominate board members

Netflix Inc said on Wednesday it had made changes to its bylaws that allowed certain shareholders to nominate board members.

U.S. chip stocks surge on trade deal hopes, Wall Street edges up

U.S. stocks edged higher on Wednesday, extending a strong start to the quarter as a rally among chipmaker shares provided a boost to the broader market on growing hopes of a trade deal between Washington and Beijing.

Facebook removes exposed user records stored on Amazon's servers

Facebook Inc said on Wednesday it had taken down the data bases containing its user data from Amazon.com Inc's cloud servers after a report from cybersecurity firm UpGuard pointed to millions of exposed records.

Trump orders crackdown on counterfeit sales online

President Donald Trump on Wednesday ordered a crackdown on counterfeit products on third-party online marketplaces, asking for more information on how the United States can better track and curb such sales.

Stocks up on hopes for U.S.-China trade, soft Brexit

World stocks climbed for a fifth session on Wednesday on optimism over U.S.-China trade talks and for a softer British exit from the European Union, while oil prices retreated after an unexpected rise in inventories.

White House's Kudlow says U.S.-China talks making progress, could extend

Trade talks between the United States and China made "good headway" last week in Beijing and the two sides aim to bridge differences during talks that could extend beyond three days this week, White House economic adviser Larry Kudlow said.

Ethiopia to issue first Boeing investigation report

Investigators will release a keenly awaited report on the deadly crash of an Ethiopian Airlines jet on Thursday, Ethiopia's transport ministry said, giving the first official clues to the second crash of a new Boeing 737 MAX in five months.

Boeing's new 737 MAX flight control system 'seems foolproof': Norwegian CEO

Boeing's new MCAS flight control system for its 737 MAX aircraft appears foolproof, Norwegian Air Chief Executive Bjoern Kjos said on Wednesday after visiting the plane maker in Seattle.

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