Friday 25 September 2020

FAA chief set to conduct 737 MAX evaluation flight next week

FAA chief set to conduct 737 MAX evaluation flight next week

Federal Aviation Administration Chief Steve Dickson is set to conduct an evaluation flight at the controls of a Boeing 737 MAX next week, a milestone as the U.S. planemaker works to win approval to resume flights, the agency told lawmakers.

Google to block U.S. election ads after polls close

Alphabet Inc's Google will block election-related ads on its platforms after polls close in the U.S. election on Nov. 3, the company told advertisers in an email on Friday.

U.S. FTC moves for rehearing of Qualcomm antitrust defeat

The U.S. Federal Trade Commission on Friday filed a motion to rehear an antitrust lawsuit it lost on appeal against chip firm Qualcomm Inc.

Tech leads Wall Street higher as virus fears rise

Technology stocks again rode to Wall Street's rescue on Friday, propelling the main indexes higher, but the Dow and the S&P 500 were on track for their longest weekly losing streak in a year after fears of an economic slowdown sparked a sell-off.

U.S. judge expected to decide by Sunday if TikTok will remain in U.S. app stores

A judge is expected to decide by Sunday whether to allow a ban on TikTok from Apple Inc and Alphabet Inc Google app stores after a last-minute filing by the Department of Justice in support of the move.

Stocks rise to end bitter week, dollar jumps

Stocks were set to fall more than 2% this week and the dollar was on track for its strongest week since April as concern over the economic effect of a second wave of virus-related lockdowns continued to weigh on investors' risk appetite.

Europe regulator sees November lifting of Boeing 737 MAX flight ban

Boeing's grounded 737 MAX could receive regulatory approval to resume flying in November and enter service by the end of the year, Europe's chief aviation safety regulator said on Friday.

Alphabet settles shareholder suit over sexual misconduct cases

Alphabet Inc on Friday settled a shareholder lawsuit that accused the Google parent of covering up lavish exit packages to executives found responsible for sexual misconduct, saying it would overhaul workplace policies and increase oversight of its diversity efforts.

Department store chain Neiman Marcus emerges from bankruptcy

Neiman Marcus Holding Co said on Friday it has completed its Chapter 11 bankruptcy protection process, emerging from one of the highest-profile retail collapses during the COVID-19 pandemic.

Oil heads for 3% weekly drop as coronavirus demand concerns mount

Oil slipped on Friday and was on track for a 3% weekly decline due to mounting worries about resurgent coronavirus infections crushing fuel demand and as Libyan crude exports resume.

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