The top U.S. Transportation Secretary questioned on Wednesday why Boeing Co did not require safety features on its top-selling 737 MAX that might have prevented two recent crashes, ahead of a much-anticipated Senate hearing about the airplane.
Boeing Co confirmed Wednesday it will make a safety feature standard on its now-grounded 737 MAX that might have warned earlier of problems that possibly played a role in two recent crashes.
Chinese gaming company Beijing Kunlun Tech Co Ltd is seeking to sell Grindr LLC, the popular gay dating app it has owned since 2016, after a U.S. government national security panel raised concerns about its ownership, according to people familiar with the matter.
A U.S. federal appeals court refused to hold Grindr liable to a New York man who said his former boyfriend used the gay dating app to post fake profiles, in a harassment campaign that caused more than 1,000 men to approach the victim for sex.
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A New Jersey jury has cleared Johnson & Johnson of liability in a lawsuit by a man who alleged the company’s talc-based products, including baby powder, caused his mesothelioma.
Sweden may need tougher legislation in order to strengthen anti-money laundering processes in the financial system, Prime Minister Stefan Lofven said on Wednesday.
Fears of a global economic slowdown weighed on Wall Street’s main indexes on Wednesday, and along with a prolonged inversion in the U.S. yield curve kept investors at bay.
A gauge of world stocks slipped on Wednesday amid new signs of concern for the global economy, while benchmark U.S. Treasury yields sank to fresh 15-month lows and German bond yields fell further below zero.
U.S. health insurer Centene Corp on Wednesday said it would buy smaller rival WellCare Health Plans Inc for $15.27 billion in stock and cash, in a move to bulk up its government-backed Medicare and Medicaid businesses while reducing exposure to Obamacare healthcare exchanges.
The United States has made progress in convincing the European Union of the risks in using technology from China’s Huawei and will continue to push them on the issue, U.S. Secretary of State Mike Pompeo said on Wednesday.
Swedish authorities searched the head office of Swedbank on Wednesday as part of an investigation into the bank’s handling of money laundering allegations at its Baltic branches.
Commerzbank’s chief executive was paid 32 percent less in 2018, contrasting with sharp rises for the top management at its potential merger partner Deutsche Bank.
U.S. Transportation Secretary Elaine Chao told a Senate committee on Wednesday it was “very questionable” why some Boeing 737 MAX safety features were not required, but she stopped short of saying the government would require retrofitting all aircraft.
Swedbank is under investigation by the New York Department of Financial Services (DFS) for giving misleading information during a probe related to the Mossack Fonseca tax evasion and money laundering scandal, Swedish public service broadcaster SVT reported on Wednesday.
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