Boeing Co’s stock took another beating on Tuesday as a raft of countries grounded its 737 MAX 8 aircraft, responding to a deadly crash in Ethiopia which has so far knocked $25 billion off the market value of the world’s largest planemaker.
The European Union’s aviation safety agency EASA suspended all flights in the bloc by Boeing’s 737-8 and 737-9 airplanes following the Sunday’s deadly plane crash in Ethiopia.
Major European nations Britain, Germany and France joined a wave of suspensions of Boeing 737 MAX aircraft on Tuesday following a crash in Ethiopia that killed 157 people.
Lumber Liquidators Holdings Inc has agreed to pay a $33 million criminal penalty to settle federal charges it misled investors about the safety of its laminate flooring made in China and sold to U.S. customers.
Royal Dutch Shell urged U.S. President Donald Trump’s administration on Tuesday to tighten restrictions on greenhouse gas emissions from oil and gas production, instead of weakening them as planned.
The United States and China may be in the final weeks of discussions to hammer out a deal to ease their tit-for-tat tariffs dispute, U.S. Trade Representative Robert Lighthizer said on Tuesday.
Belgium closed down its air space for Boeing 737 MAX planes, the country’s news agency Belga quoted transport minister Francois Bellot as saying on Tuesday after the Sunday’s deadly plane crash in Ethiopia.
Volkswagen will ramp up its hiring of software experts to ensure that the car and truck maker stays at the forefront of innovation in an industry geared toward refining mechanical, rather than software components.
Volkswagen Chief Executive Herbert Diess on Tuesday said the multi-brand conglomerate was reviewing its portfolio of brands as it seeks to slim down and hike profitability.
Volkswagen will decide whether it makes sense to raise its stake in Chinese joint venture companies toward the end of this year or beginning of next year, Chief Exectuive Herbert Diess said on Tuesday.
Volkswagen will cut jobs as it speeds up the rollout of less labor-intensive electric cars and will review its sprawling portfolio of brands as it battles to reverse a slide in profit margins, the German carmaker said on Tuesday.
Democratic and Republican lawmakers pressed Wells Fargo & Co Chief Executive Tim Sloan for proof that the bank has moved past a string of customer abuse scandals at a tense hearing in Congress on Tuesday.
Uber Technologies Inc [UBER.UL] has agreed to pay $20 million to settle a lawsuit brought by drivers nearly six years ago, according to court filings, resolving one of its many legal battles with drivers ahead of a hotly anticipated initial public offering this year.
(The March 11 story corrects paragraph 1 to clarify statement was from General Motors unit Cruise)
Major European nations Britain, Germany and France joined a wave of suspensions of Boeing 737 MAX aircraft on Tuesday as U.S. President Donald Trump fretted over modern airplane design following a crash in Ethiopia that killed 157 people.
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