(Reuters) – Warren Buffett’s Berkshire Hathaway and Pilot on Sunday said they had reached an agreement to settle a Delaware lawsuit and resolve a dispute over the valuation of billionaire Jimmy Haslam’s truck stop chain. Berkshire and Pilot have agreed to settle the Delaware litigation, including all claims and counterclaims, between Pilot and Berkshire Hathaway, …
Berkshire Hathaway settles valuation dispute with Pilot Read More »
(Reuters) – A serious mid-air breach has landed planemaker Boeing in the regulatory crosshairs just as it was awaiting approval of new models of its best-selling MAX jet. Investigators are still trying to determine what caused a door plug to fall off from the side of a 737 MAX 9 aircraft operated by Alaska Airlines …
What aerospace analysts are saying about Boeing’s mid-air blowout Read More »
By David Shepardson, Valerie Insinna and Tim Hepher (Reuters) -U.S. regulators on Saturday temporarily grounded 171 Boeing 737 MAX 9 jetliners for safety checks following a cabin panel blowout that forced a new Alaska Airlines jet carrying passengers to make an emergency landing. A piece of fuselage tore off the left side of the jet …
US grounds some Boeing MAX planes for safety checks after cabin emergency Read More »
By Valerie Insinna, Tim Hepher and David Shepardson WASHINGTON (Reuters) – Aerospace supplier Spirit AeroSystems manufactured and initially installed the fuselage part on a brand-new Boeing 737 Max 9 jet that suffered a blowout on Friday, but Boeing also has a key role in the usual completion process, sources told Reuters. Because of a complex, …
Spirit Aero made blowout part but Boeing has key role -sources Read More »
(Reuters) – The latest black eye for Boeing’s top-selling 737 MAX aircraft occurred Friday when a cabin panel blowout forced an Alaska Airlines flight to make an emergency landing. U.S. regulators ordered a temporary grounding of certain planes for safety checks. That’s not as severe a move as the grounding of all MAX-family jets worldwide …
By Joey Roulette WASHINGTON (Reuters) -A lot is riding on the first launch of the new Vulcan rocket by the United Launch Alliance, a joint venture of Boeing and Lockheed Martin. A successful launch at Cape Canaveral next week would allow ULA to fulfill a deep backlog of missions worth hundreds of millions of dollars …
By Ann Saphir (Reuters) – Federal Reserve Bank of Dallas President Lorie Logan on Saturday warned that the U.S. central bank may need to resume raising its short-term policy rate to keep a recent decline in long-term bond yields from rekindling inflation. “If we don’t maintain sufficiently tight financial conditions, there is a risk that …
Fed’s Logan: should not rule out another rate hike Read More »
-The United Auto Workers (UAW) union has reached agreement with auto parts maker Allison Transmission Holdings Inc on a tentative deal covering 1,500 workers in Indianapolis, the labor group said on Friday. The four-year contract guarantees a starting wage of $20 an hour for UAW employees and retroactive pay hikes until Nov. 15 last year, …
UAW strikes tentative deal with auto parts maker Allison Transmission Read More »
By Max A. Cherney and Abhirup Roy SAN FRANCISCO (Reuters) – (This Jan. 4 story has been corrected to say that Bosch is scheduled to speak at CES on AI and cybersecurity, not that Bosch is expected to showcase a gun-detection system, in paragraph 9 and fixes executive’s name to Aakash Arora in paragraph 11) …
AI to dominate this year’s CES, even without OpenAI’s Altman on hand Read More »
By Lewis Krauskopf NEW YORK (Reuters) – Investors’ hopes are running high to start 2024, which could set up U.S. stocks for a rocky stretch if some expectations are not met. Despite a shaky start to the year, the S&P 500 stands only around 2% below a fresh record high. Most investors have maintained a …
High market hopes raise stakes as US stocks face inflation data, earnings Read More »
