Monday 29 April 2019

Daily Investor Update: Boeing CEO keeps job intact after facing questions on 737 MAX crashes

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Boeing CEO keeps job intact after facing questions on 737 MAX crashes

Boeing Co CEO Dennis Muilenburg emerged with his job intact at an annual meeting on Monday and promised to win back the public's trust after facing tough questions in the wake of two fatal crashes of the 737 MAX plane.

Oil climbs, shaking off Trump calls for OPEC to offset Iran sanctions

Oil prices edged higher on Monday, as the market attempted to resume a weeks-long rally that was halted on Friday when U.S. President Donald Trump demanded that producer club OPEC raise output to soften the impact of U.S. sanctions against Iran.

Canadian farm exports hit new Chinese obstacles amid diplomatic dispute

An expanding list of Canadian farm exports is hitting obstacles at Chinese ports, leaving sellers of soybeans, peas and pork scrambling amid a bitter diplomatic dispute.

Tesla says may seek new funding; shares up after SEC agreement

Tesla Inc said on Monday it could seek alternative sources of financing, days after Chief Executive Officer Elon Musk reached a deal with U.S. securities regulators to settle a dispute over his Twitter use, removing an overhang on the stock.

Amazon starts recruiting and leases office for Virginia 'HQ2'

Amazon.com Inc on Monday said it had leased office space and posted several jobs for its second headquarters outside Washington, D.C., the start of more than a decade of investment and hiring that cities across North America had sought.

Wall St. gains after tame inflation data; S&P 500 hits high

U.S. stocks were higher in Monday afternoon trading, with the S&P 500 and the Nasdaq hitting record highs, as consumer spending rose in March and benign inflation data underscored the Federal Reserve's accommodative stance on interest rates.

Global stocks climb as S&P 500 hits record, oil rises after selloff

A jump in U.S. consumer spending pushed U.S. shares to an intraday record on Monday and global equities edged higher, offsetting a weak euro zone sentiment survey and political uncertainty over Spain's elections.

Colombia's Avianca says bankruptcy of Avianca Brasil causing 'reputational harm'

Colombia's Avianca Holdings SA said on Monday it is experiencing "reputational harm" from its association with Avianca Brasil, an air carrier that licenses its name and has canceled over 1,000 flights amid a bankruptcy restructuring.

Anadarko to negotiate sale to Occidental 'superior' to Chevron deal

Anadarko Petroleum Corp said on Monday it would negotiate with Occidental Petroleum Corp over its $38 billion cash-and-stock bid, after determining it could get a better deal than its agreed $33 billion sale to Chevron Corp.

U.S. SEC freezes assets over suspected insider trading in Anadarko

The U.S. Securities and Exchange Commission on Monday obtained an asset freeze in connection with suspected insider trading in Anadarko Petroleum Corp before the oil company agreed to be acquired by rival Chevron Corp.

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