Wednesday, 16 December 2020

Exclusive: Boeing hires pilots for airlines to help relaunch 737 MAX - sources

Exclusive: Boeing hires pilots for airlines to help relaunch 737 MAX - sources

Boeing Co is hiring up to 160 pilots to be embedded at airlines in its latest bid to ensure its 737 MAX has a smooth comeback after a 20-month safety ban, according to a recruitment document seen by Reuters and people familiar with the move.

Fed vows to buy bonds until it sees 'substantial progress' in economic recovery

WASHINGTON (Reuters) -The Federal Reserve on Wednesday promised to keep funneling cash into financial markets further into the future to fight the recession, even as policymakers' outlook for next year improved following initial rollout of a coronavirus vaccine.

IBM CEO Arvind Krishna to take over as chairman

International Business Machines Corp said on Wednesday Chief Executive Officer Arvind Krishna would take over as chairman from Jan. 1, replacing Ginni Rometty, who stepped down as its long-time CEO earlier this year.

Nasdaq ends at record high as investors await stimulus

(Reuters) -Wall Street rose on Wednesday, with the Nasdaq closing at a record high as investors awaited a potential fiscal economic stimulus package and after the Federal Reserve repeated a pledge to keep its benchmark interest rate near zero.

Global Stocks hit record highs on stimulus hopes

Global stocks hit record highs on Wednesday as growing hopes of deals on U.S. fiscal stimulus and Brexit and the Federal Reserve's pledge to keep its benchmark interest rate near zero offset concerns over the economic impact of COVID-19.

Instant View: FOMC - Rates unchanged, cash to keep coming

The Federal Reserve on Wednesday promised to keep funneling cash into financial markets further into the future to fight the recession, even as policymakers' outlook for next year improved following initial rollout of a coronavirus vaccine.

U.S. Congress closes in on $900 billion COVID-19 aid bill as Friday deadline looms

WASHINGTON (Reuters) -U.S. congressional negotiators on Wednesday were "closing in on" a $900 billion COVID-19 aid bill that will include $600 to $700 stimulus checks and extended unemployment benefits, as a Friday deadline loomed, lawmakers and aides said.

Amazon asks U.S. to include warehouse, grocery staff in vaccine rollout

(Reuters) -Amazon.com Inc on Wednesday asked the U.S. government to prioritize essential workers including its warehouse, grocery store and data center staff for receipt of the COVID-19 vaccine, according to a letter seen by Reuters.

Texas and nine other U.S. states sue Google for abusing market power

WASHINGTON (Reuters) -Texas, backed by nine other states, filed a lawsuit against Alphabet Inc-owned Google on Wednesday, accusing it of breaking antitrust law in how it runs its online advertising business.

Google faces third antitrust lawsuit as 30 U.S. states plan action -source

Alphabet Inc's Google, already facing lawsuits by the U.S. Justice Department and attorneys general led by Texas, is expected to be sued for anticompetitive behavior on Thursday by another group of attorneys general, according to a source familiar with the matter.

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