Friday, 12 March 2021

Ford to launch recall of 2.9 million vehicles for air bag inflators

Ford to launch recall of 2.9 million vehicles for air bag inflators

Ford Motor Co said on Friday it will begin notifying owners April 1 in its new recall of 2.9 million vehicles in North America with potentially defective driver-side Takata air bags after U.S. regulators demanded the fix in January.

U.S. stocks close mixed as Dow notches fifth straight record high

The blue-chip Dow powered to its fifth consecutive record high on Friday and the S&P 500 closed slightly higher as investors bought shares that should benefit from a strong reopening of the U.S. economy, an outlook signaled by rising yields in the bond market.

Theranos founder Holmes pregnant, delay sought in fraud trial

Elizabeth Holmes, who has been charged with fraud in the spectacular rise and fall of the blood-testing company Theranos Inc, is pregnant, prompting prosecutors to seek a delay in her trial until after her July due date, according to a court filing.

Boeing names new head of crucial 737 MAX program: memo

Boeing Co has named veteran engineer Ed Clark to be the head of its 737 MAX jetliner program, according to internal memo sent to employees on Friday.

Boeing unveils order for troubled 737 MAX, shares jump

Boeing Co unveiled a new order for its 737 MAX on Friday, pushing its shares up 6% as it renews efforts to recapture investor confidence following a two-year safety crisis.

Oil settles near $70/bbl on hopes of recovering demand

Oil settled near $70 a barrel on Friday, supported by production cuts by major oil producers and optimism about a demand recovery in the second half of the year.

Tesla investor sues Musk, claims tweets violate SEC settlement

Tesla Inc Chief Executive Elon Musk has been sued by a shareholder who accused him of violating his 2018 settlement with the U.S. Securities and Exchange Commission over his Twitter use.

Danone's board to meet this weekend as activists pressure Faber to quit: Le Figaro

The board of French food company Danone will meet this weekend without its chairman and chief executive, Emmanuel Faber, who is under pressure from activist investors to leave following poor results, Le Figaro reported on Friday.

Rubio first U.S. Republican senator to support union push at Amazon.com

U.S. Senator Marco Rubio on Friday became the first high-profile Republican lawmaker to support a growing push to unionize Amazon.com Inc workers in Alabama, after several Democratic lawmakers visited the company's facility last week.

Stocks dip as rotation continues; yields, dollar rise

An index of stocks across the world fell on Friday but was set to post its strongest weekly gain in five, while benchmark Treasury yields climbed to 13-month highs, partly on optimism after a $1.9 trillion recovery package was signed into law.

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