Friday 26 February 2021

Airline CEOs urge White House support for greener aviation fuel

Airline CEOs urge White House support for greener aviation fuel

The CEOs of American Airlines, United Airlines and Delta Air Lines and other airline officials met virtually with White House officials Friday to discuss tackling aviation pollution and urge U.S. support for greener aviation fuel.

U.S. SEC suspends trading in 15 securities due to 'questionable' social media activity

The U.S. securities regulator on Friday suspended trading in the securities of 15 companies because of "questionable trading and social media activity," the latest in a string of temporary trading halts amid volatile trading in so-called "meme stocks."

U.S. drillers add rigs for seventh month in a row, pace slows - Baker Hughes

U.S. energy firms this week added oil and natural gas rigs for a seventh month in a row for the first time since May 2018, but the rate of growth in February slowed even as oil prices rose to their highest since 2019.

Robinhood gets inquires from regulators over trading restrictions

Online brokerage app Robinhood has received inquiries from regulators about the temporary trading curbs it imposed during a wild rally in shorted stocks earlier this year, it said on Friday.

Disney reaches new media rights deal with NFL: Sports Business Journal

Walt Disney Co has reached an agreement with the National Football League (NFL) for new media rights where sports channel ESPN will renew 'Monday Night Football' and ABC will return to the Super Bowl rotation, the Sports Business Journal reported on Friday, citing sources.

United Airlines to pay $49.5 million to settle U.S. international mail contract probe

United Airlines has agreed to pay $49.5 million to resolve criminal charges and civil claims relating to fraud on Postal Service contracts for transportation of international mail, the U.S. Justice Department said Friday.

Stocks try to recover from bond whiplash, dollar gains

The Nasdaq recovered and the bond rout eased a bit on Friday, but equity markets swooned around the world as data showing a strong rebound in U.S. consumer spending kept fears of rising inflation alive.

Eight U.S. auto state governors urge Biden to press semiconductor firms on chip shortage

A bipartisan group of eight governors from U.S. auto states on Friday urged Democratic U.S. President Joe Biden to do more to press semiconductor firms to address a global shortage of automotive chips that has cut some vehicle production.

Baker Hughes discloses SEC probe over projects affected by U.S. sanctions

Oilfield services provider Baker Hughes said the Securities and Exchange Commission is conducting an investigation into the company's sale of products in projects that were impacted by U.S. sanctions.

Boeing 737 MAX crash lawyers ask two CEOs to testify

Lawyers for families of a fatal Boeing Co 737 MAX crash in Ethiopia are seeking testimony from the planemaker's chief executive Dave Calhoun and his predecessor Dennis Muilenburg, among other current and former employees, according to a court filing.

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