Thursday, 11 April 2019

Daily Investor Update: Boeing CEO says two thirds of MAX customers have tested software fix

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

Boeing Co Chief Executive Dennis Muilenburg said on Thursday that 67 percent of its more than 50 737 MAX customers have tested the manufacturer's software fix in simulator sessions, with additional tests expected in the coming weeks.

Stocks slide before corporate results, dollar gains

A gauge of global equity markets slid on Thursday as investors waited for U.S. 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.

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.

Campbell to sell fresh food business for about $500 mln to former executive: WSJ

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

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.

Healthcare drags on Wall Street as investors eye bank earnings

Healthcare stocks pulled Wall Street lower on Thursday as growing fears of a global economic slowdown countered upbeat economic data and investors waited for earnings season to kick into high gear.

Exclusive: Arrival of Putin's judo partner squeezed Shell out of LNG project - sources

Royal Dutch Shell pulled out of a project to build a Russian liquefied natural gas plant partly because Gazprom suddenly added another partner with links to an ally of President Vladimir Putin, according to five sources.

LVMH shares hit record high as China demand boosts luxury group

LVMH shares hit a record high on Thursday and buoyed those of rivals after the Louis Vuitton owner posted strong first-quarter sales and said that demand for its handbags and high-end fashion had picked up in mainland China.

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