The U.S. Federal Aviation Administration process for certifying new airplanes is not broken but needs to be improved, the chair of an international panel of air-safety regulators, tasked to review Boeing Co’s 737 Max, said on Friday.
The U.S. Federal Aviation Administration late on Friday said it would require operators of some Boeing 737 NG jetliners to conduct inspections for structural cracks and make repairs as needed following the discovery of cracks on a small number of planes.
Japan’s SoftBank Group Corp is seeking the help of its chief operating officer, Marcelo Claure, to turn around WeWork, Bloomberg reported on Friday.
Electric carmaker Tesla Inc interfered with legitimate union organizing and must read a notice to workers explaining their rights in a meeting requiring attendance from Chief Executive Elon Musk, a U.S. labor judge ruled on Friday.
Mark Nordlicht, the founder of defunct hedge fund firm Platinum Partners who was convicted of fraud, was granted a new trial by a New York federal judge on Friday, and David Levy, a former executive of Platinum, was acquitted.
The U.S. Federal Trade Commission (FTC) has requested for more information from AbbVie Inc and botox maker Allergan Plc on their $63 billion deal, the companies said on Friday.
(This September 26 story corrects airline group to SkyTeam alliance instead of the Sky Alliance in paragraph 6)
After a difficult, months-long search for a new chief executive, scandal-plagued Wells Fargo & Co named as its next leader Charles Scharf, a one-time Jamie Dimon protégé known on Wall Street as a detail-oriented number cruncher who excels in streamlining operations.
My grandfather was born in 1904. He died 29 years ago, and he was my hero.
His life was the quintessential American Dream. The son of immigrants, he was very poor as a child.
He started working when he was 6 years old, selling newspapers on the corner (although the age always got younger every time he told the story). He went to high school, college and grad school at night so he could help support his family during the day.
My grandmother would tell us how he would come home from night school exhausted, eat a bowl of cornflakes for a late …read more […]
China’s top diplomat said on Friday that tariffs and trade disputes could plunge the world into recession and Beijing was committed to resolving them in a “calm, rational and cooperative manner.”
U.S. stocks fell on Friday after Reuters and others reported that the Trump administration is considering delisting Chinese companies from U.S. stock exchanges, fuelling more worries about the U.S.-China trade war.
In yesterday’s Trade of the Day, I wrote to you about the AbbVie (NSYE: ABBV) trade in The War Room. I recommended members enter a Long-Term Equity Anticipation Securities (LEAPS) option trade that expires in 2021.
It was supposed to be a longer-term hold… but the market was very kind to us. I put out a sell alert for AbbVie yesterday, presenting nice overnight gains of up to 20%!
But it gets even better than that…
If you recall, my original plan was to recommend a spread trade. That’s when you buy or own one position and sell an option against that position. …read more […]
Philadelphia Federal Reserve Bank President Patrick Harker said in New York on Friday he opposed the central bank’s September rate cut and thinks the Fed should “hold firm” on interest rates.
President Donald Trump’s administration is considering delisting Chinese companies from U.S. stock exchanges, three sources briefed on the matter said on Friday, in what would be a radical escalation of U.S.-China trade tensions.
U.S. stocks fell on Friday after news that the Trump administration was considering delisting Chinese companies from U.S. stock exchanges and limit U.S. investments into China.
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