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Boeing board to meet in Texas as scrutiny intensifies: sources

Boeing Co's board of directors and top executives from its airplanes division and supply chain were due to meet on Sunday in San Antonio, Texas, two days after the U.S. planemaker was plunged into a fresh crisis over its banned 737 MAX jet.



6 years ago

Qantas tests world's longest commercial flight from New York to Sydney

Australia's flag carrier Qantas completed on Sunday a nonstop test flight from New York to Sydney, researching how the world's longest potential commercial airplane journey of nearly 20 hours would impact pilots, crew and passengers.



6 years ago

Oil falls as China economic concerns outweigh rising refinery runs

Oil prices edged lower on Friday, as concerns about China's economy outweighed bullish signals from its refining sector, but losses were limited on hopes for progress toward a U.S.-China trade agreement.



6 years ago

Oracle co-CEO Mark Hurd dies at 62

Oracle Corp co-Chief Executive Officer Mark Hurd has died, the business software maker said on Friday, an unexpected development that raises pressure on co-CEO Safra Catz to lead the company's ongoing transition to cloud computing.



6 years ago

Senior U.S. lawmaker says Boeing must shake-up management after 737 MAX crashes

The chairman of the U.S. House Transportation and Infrastructure Committee on Friday said Boeing Co must shake-up its management team and Congress must reform how new airplanes are certified following the disclosure of internal messages about the 737 MAX involved in two deadly crashes.



6 years ago

One-time bond king Bill Gross is back, and now he's picking stocks

Gross offered a buffet of investing choices: Annaly Capital, Invesco and Allergan to name three.

6 years ago

General Motors strike to slash U.S. October payrolls: JPMorgan

A month-long strike at General Motors could cut U.S. job growth by as much as 75,000 in October, JPMorgan economist Daniel Silver said on Friday, an unwelcome development amid financial market fears of a recession.



6 years ago

Here's why other pension plans may not 'vote with their feet' against Fisher Investments

Three retirement plans cut ties with Fisher Investments in a matter of days, pulling close to $1 billion in assets. Here's why that decision was so surprising.

6 years ago

Pentagon says decision on full-rate F-35 jet production possibly delayed until 2021

The Pentagon's decision to move into a full-rate production contract for the F-35 jet, made by Lockheed Martin , could be delayed until 2021 because of issues integrating the jet with its testing and training simulators, an official said on Friday.



6 years ago

FDA alerts consumers of J&J baby powder recall, says it stands by tests

The U.S. Food & Drug Administration said on Friday that it found that a sample from one lot of Johnson & Johnson's baby powder contained chrysotile fibers, a type of asbestos, confirming test results the company disclosed earlier on Friday.



6 years ago

Wall Street weighed by Boeing, J&J, bleak China data

Wall Street fell on Friday as negative headlines about Johnson & Johnson and Boeing and bleak economic data from China soured investor risk appetite, offsetting generally positive corporate earnings.



6 years ago

Five states, including some crucial to Trump, just hit all-time low unemployment rates

Alabama, California, Illinois, New Jersey and South Carolina set news bottoms according to data that goes back to 1976.

6 years ago

Boeing, J&J, dismal China data drag Wall Street lower

Wall Street fell on Friday as negative headlines about Johnson & Johnson and Boeing, along with bleak economic data from China, soured investor risk appetite and offset generally positive corporate earnings.



6 years ago

GM temporarily halts Chevy Blazer production because of parts shortage

General Motors Co on Friday said it temporarily halted production of its Chevy Blazer SUV in Mexico because of a parts shortage due to a month-old strike by 48,000 U.S. hourly GM employees.



6 years ago

Exclusive: Electric Hummer could be part of GM's move into EV trucks, SUVs - sources

General Motors Co plans to build a new family of premium electric pickup trucks and sport-utility vehicles at its Detroit-Hamtramck plant beginning in late 2021, possibly reviving the imposing Hummer brand on some of them, several people familiar with the plans said.



6 years ago