Category: Economy

UPDATE 1-Boeing plane development under review by U.S. prosecutors, Transportation Department -sources

(Adds details on federal grand jury) WASHINGTON/SEATTLE, March 18 (Reuters) – Federal prosecutors and the U.S. Department of Transportation are scrutinizing the development of Boeing Co’s 737 MAX jetliners in the wake of two deadly crashes in five months, two people briefed on the matter confirmed late on Monday. The U.S. Justice Department was looking […]

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U.S. prosecutors, Transportation Department scrutinizing Boeing 737 MAX development -sources

WASHINGTON/SEATTLE, March 18 (Reuters) – Federal prosecutors are scrutinizing the development of Boeing Co’s 737 MAX jetliners which have been involved in two fatal crashes since October, a person briefed on the matter confirmed late Monday. The U.S. Justice Department is looking at the Federal Aviation Administration’s (FAA) oversight of Boeing, the person said. Separately, […]

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PRESS DIGEST- Financial Times – March 19

March 19 (Reuters) – The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines Tories demand May departure date in return for passing Brexit deal on.ft.com/2UCV2ua John Bercow delivers fresh blow to May’s Brexit deal hopes on.ft.com/2UE2lln US officials say UK’s […]

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UPDATE 2-Canada re-examining Boeing 737 MAX approval after FAA certification probe

(Adds FAA declines to comment) By David Ljunggren OTTAWA, March 18 (Reuters) – Transport Canada is re-examining the validation it gave Boeing Co’s 737 MAX jets, following reports of a U.S. probe into the aircraft’s certification by the Federal Aviation Administration (FAA), Canada’s transport minister said on Monday. Marc Garneau told reporters in Ottawa that […]

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REFILE-German lawmakers challenge deputy finance minister’s Goldman link in bank merger

(Refiles to remove extraneous words from first paragraph.) * Goldman advising Commerzbank in Deutsche Bank deal talks * Criticism focused on former Goldman partner Joerg Kukies * Kukies denies any conflict of interest, Goldman no comment * Unions say 30,000 jobs could go if merger goes ahead By John O’Donnell and Arno Schuetze BERLIN/FRANKFURT, March […]

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Revlon finds “material weakness” in financial reporting, shares drop 10 pct

March 18 (Reuters) – Cosmetics maker Revlon Inc said on Monday it had identified a “material weakness” in its financial reporting related to the implementation of its SAP enterprise resource planning system in the U.S., sending its shares down over 10 percent in extended trading. Enterprise resource planning, or ERP, systems are back-end technology that […]

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