By David Shepardson (Reuters) – The Federal Aviation Administration (FAA) said Saturday it is investigating a Southwest Airlines flight after it flew at a very low altitude over Tampa Bay, Florida, the most recent in a series of incidents raising safety questions. The July 14 flight by a Southwest Boeing 737 MAX that had departed …
US FAA probes latest Southwest Airlines flight that posed safety issues Read More »
QUITO (Reuters) – Ecuador and a subsidiary of Chile’s state-owned oil company ENAP renegotiated an existing agreement for the exploitation of an oil block in the Ecuadorian Amazon, with an additional investment of $90 million until 2035, the Ministry of Energy in Quito said on Saturday. The new agreement, signed on July 15 between the …
Ecuador and Chilean subsidiary ENAP renegotiate oil agreement Read More »
RAF FAIRFORD, England (Reuters) -The United States Air Force said it had reached a deal with Boeing for the supply of E-7 Wedgetail airborne warning and control aircraft and downplayed concerns that the company’s internal crisis would harm its ability to supply the Pentagon. The provisional deal covers the rapid production of prototypes as the …
Boeing to supply E-7 in first major win since plea deal Read More »
(Reuters) -Berkshire Hathaway sold about 33.9 million shares of Bank of America for around $1.48 billion over multiple transactions this week, a regulatory filing showed. After the sale, Berkshire owned about 999 million BofA shares. Berkshire is one of the Charlotte, North Carolina-based lender’s largest shareholder. It also invests in several other banks, including Wells …
Berkshire sells around $1.48 billion Bank of America shares, filing shows Read More »
By Stephen Culp NEW YORK (Reuters) -U.S. stocks extended their slump on Friday as lingering chaos related to a global technical outage caused by a software glitch added uncertainty to an already-anxious market. The far-reaching tech outage disrupted operations across multiple industries including airlines, banking and healthcare after the glitch in cybersecurity firm Crowdstrike’s software …
Wall St ends volatile session lower in aftermath of global tech outage Read More »
(Reuters) – JPMorgan Chase said it is working to restore service to automated teller machines (ATMs) affected by a global digital outage while a majority of its ATMs are operating normally, according to an emailed statement on Friday. The largest U.S. bank declined to comment on how many of its ATMs were offline. It has …
JPMorgan says majority of ATMs operating normally amid outages Read More »
(Reuters) – Cryptocurrency exchange Binance’s U.S. affiliate on Friday received approval from a federal judge to invest certain customer assets in U.S. Treasury bills. The order frees Binance.US from restrictions levied by the U.S. Securities and Exchange Commission, the affiliate said on Friday. Binance will transfer crypto to a third-party custodian not affiliated with the …
Binance.US gets federal judge nod to invest customer assets in Treasury bills Read More »
(Reuters) – Walt Disney said on Friday that Oracle chief executive Safra Catz is departing the entertainment company’s board after six years. Catz was elected to Disney’s board in 2017 along with Illumina Inc’s former CEO Francis deSouza, at a time when the company was looking to acquire Twenty-First Century Fox Inc’s media empire. Disney …
Oracle CEO Safra Catz to depart Walt Disney board Read More »
By Rajesh Kumar Singh CHICAGO (Reuters) -American Airlines’ 28,000 flight attendants have reached a tentative labor agreement with the company, their union said on Friday. The Association of Professional Flight Attendants, which represents the flight attendants, said the deal addresses their concerns about compensation, work rules and retroactive pay. It did not offer more details. …
American Airlines flight attendants reach new contract deal Read More »
(Reuters) -FedEx Corp said that its network was now operating across the globe after it faced substantial disruptions due to a worldwide IT outage experienced by a third party software vendor on Friday. A global tech outage was disrupting operations in multiple industries on Friday, with airlines halting flights, some broadcasters going off-air and everything …
FedEx operations back online after disruptions due to global IT outage Read More »
