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February 26, 2020

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Reuters - Business

Musk’s SpaceX rocket production facility approved by Port of Los Angeles

Reuters
by Reuters03
LOS ANGELES (Reuters) – SpaceX, the private rocket company of high tech entrepreneur Elon Musk, won final approval on Tuesday to build a research and manufacturing plant for its deep-space Starship project on a tract of vacant land at the Port of Los Angeles. FILE PHOTO: A crowd gathers before......
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Three U.S. Senate Democrats propose sweeping reforms after Boeing 737 MAX crashes

Reuters
by Reuters07
WASHINGTON (Reuters) – Three Democratic U.S. senators on Tuesday introduced sweeping legislation to reform how new airplanes are certified and overseen by U.S. regulators after two fatal Boeing 737 MAX crashes killed 346 people. FILE PHOTO: Employees walk past a Boeing 737 Max aircraft at Boeing’s 737 Max production facility......
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Reuters - Business

Japan’s ANA orders 15 more Boeing 787 Dreamliners worth $5 billion at list prices

Reuters
by Reuters07
FILE PHOTO: All Nippon Airways (ANA) Boeing 787-8 Dreamliner taxis in front of other aircraft at the Tokyo International Airport, commonly known as Haneda Airport in Tokyo, Japan January 10, 2018. REUTERS/Toru Hanai SEATTLE/TOKYO (Reuters) – ANA Holdings Inc (9202.T) said it will buy 15 more Boeing Co (BA.N) 787......
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U.S. still eyeing ways to curb sales to Huawei after Trump’s chipmaker comments: sources

Reuters
by Reuters06
(Reuters) – U.S. government officials are still considering ways to further curb sales to China’s Huawei Technologies [HWT.UL], despite President Donald Trump’s tweets and comments last week in support of sales to China, according to people familiar with the matter. FILE PHOTO: A Huawei logo is seen on a device......
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Exclusive: U.S. sees no material impact from virus on U.S.-China trade deal – for now

Reuters
by Reuters04
RIYADH (Reuters) – U.S. Treasury Secretary Steven Mnuchin told Reuters he does not expect the coronavirus outbreak to have a material impact on the Phase 1 U.S.-China trade deal, although that could change as more data becomes available in coming weeks. FILE PHOTO: U.S. Treasury Secretary Steven Mnuchin testifies before......
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Boeing finds debris in fuel tanks of many undelivered 737 MAX jets

Reuters
by Reuters07
(Reuters) – Boeing Co (BA.N) has found debris in the fuel tanks of dozens of undelivered 737 MAX jets amid ongoing inspections as the Chicago-based planemaker struggles to restore the trust of airlines and the wider public in the grounded fleet. FILE PHOTO: An employee works on a Boeing 737......
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U.S. Treasury’s Mnuchin: Tax certainty needed on global basis

Reuters
by Reuters010
FILE PHOTO: U.S. Treasury Secretary Steven Mnuchin testifies before the Senate Finance Committee during a hearing on the President’s FY2021 Budget on Capitol Hill in Washington, U.S., February 12, 2020. REUTERS/Yuri Gripas/File Photo/File Photo RIYADH (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Saturday it was very important to......
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Federal prosecutors probing if Boeing pilot knowingly lied to FAA: NYT

Reuters
by Reuters07
(Reuters) – Federal prosecutors investigating Boeing Co (BA.N) are examining whether the U.S. planemaker knowingly misled the Federal Aviation Administration while it was seeking approval for its 737 MAX jet, the New York Times reported, citing two people familiar with the matter. FILE PHOTO: Grounded Boeing 737 MAX aircraft are......
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Reuters - Business

Boeing finds debris in fuel tanks of many undelivered 737 MAX jets inspected so far

Reuters
by Reuters06
(Reuters) – Boeing Co (BA.N) has found debris in the fuel tanks of dozens of undelivered 737 MAX jets amid ongoing inspections as the Chicago-based planemaker struggles to restore the trust of airlines and the wider public in the grounded fleet. FILE PHOTO: An employee works on a Boeing 737......
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Reuters - Business

Federal prosecutors investigating whether Boeing pilot knowingly lied to FAA: NYT

Reuters
by Reuters06
FILE PHOTO: Grounded Boeing 737 MAX aircraft are seen parked in an aerial photo at Boeing Field in Seattle, Washington, U.S. July 1, 2019. REUTERS/Lindsey Wasson/File Photo (Reuters) – Federal prosecutors investigating Boeing Co (BA.N) are examining whether the U.S. planemaker knowingly misled the Federal Aviation Administration while it was......
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Airbus investing up to 1 billion euros in A220 passenger jet program this year

Reuters
by Reuters05
Airbus chief executive Guillaume Faury (L) and Quebec Premier Francois Legault speak with reporters after Bombardier sold off its remaining minority stake in the A220 jetliner program, at the Airbus facility in Mirabel, Quebec, Canada February 20, 2020. REUTERS/Christinne Muschi MONTREAL (Reuters) – Airbus SE (AIR.PA) plans to invest between......
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Reuters - Business

Shares of HNA affiliates rally after report of China bailout plan

Reuters
by Reuters04
BEIJING/SHANGHAI (Reuters) – Shares in affiliates of HNA Group surged on Thursday following a news report that China plans to take over the debt-laden conglomerate as the coronavirus outbreak has further hit its ability to meet financial obligations. FILE PHOTO: The HNA Group logo is seen on the gate of......
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Reuters - Business

BAE Systems CEO optimistic about future Typhoon orders

Reuters
by Reuters03
LONDON (Reuters) – The chief executive of BAE Systems (BAES.L) is optimistic about the future of the Typhoon fighter jet, saying that more orders were possible. Charles Woodburn told reporters on a call on Thursday that there was an opportunity to sell more Typhoons to Germany as well as other......
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U.S. meeting on Huawei, China policy still on for Thursday despite Trump tweets: sources

Reuters
by Reuters012
FILE PHOTO: The Huawei logo is pictured on the company’s stand during the ‘Electronics Show – International Trade Fair for Consumer Electronics’ at Ptak Warsaw Expo in Nadarzyn, Poland, May 10, 2019. REUTERS/Kacper Pempel WASHINGTON (Reuters) – A meeting of U.S. government officials to discuss further curbs on exports to......
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Reuters - Business

Boeing, crash victims’ lawyers negotiate over access to 737 MAX documents

Reuters
by Reuters09
CHICAGO (Reuters) – Boeing Co and lawyers representing families of victims of a 737 MAX crash agreed in court on Wednesday to hold a conference call with U.S. government crash probe authorities over access to documents related to the now-grounded aircraft’s design, development and two fatal disasters involving it. Boeing......
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Reuters - Business

China’s HNA emerges as recent buyer of A330neo jets amid revamp: sources

Reuters
by Reuters04
SHANGHAI (Reuters) – Debt-laden HNA Group has restructured jet orders with Europe’s Airbus in a compromise deal that includes an order for dozens of A330neo jets, two people familiar with the matter said, amid reports of a wider shake-up at the Chinese conglomerate. FILE PHOTO: A Hainan Airlines Airbus commercial......
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Reuters - Business

Business jet deliveries hit decade high in 2019, helped by new models

Reuters
by Reuters01
FILE PHOTO: Prototypes of chaise lounge for Bombardier’s Global 7500, the first business jet to have a queen-sized bed and hot shower, is shown during a media tour in Montreal, Quebec, Canada, December 19, 2018. Picture taken December 19, 2018. REUTERS/Christinne Muschi (Reuters) – Business jet deliveries across the globe......
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Reuters - Business

Airbus defense division plans to cut more than 2,300 jobs

Reuters
by Reuters05
FILE PHOTO: The logo of Airbus is pictured at the aircraft builder’s headquarters of Airbus in Colomiers near Toulouse, France, November 15, 2019. REUTERS/Regis Duvignau/File Photo (Reuters) – The defense business of Airbus (AIR.PA) on Wednesday laid out plans to cut more than 2,300 jobs, citing a flat space market......
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Reuters - Business

S&P 500, Nasdaq scale new highs on China stimulus hopes, drop in new virus cases

Reuters
by Reuters07
(Reuters) – The S&P 500 and the Nasdaq hit fresh highs on Wednesday on signs of slowing coronavirus infections and expectations that China would take more measures to bolster its virus-hit economy. FILE PHOTO: A view of the exterior of the Nasdaq market site in the Manhattan borough of New......
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Reuters - Business

Boeing heads to court amid fight over release of 737 MAX documents

Reuters
by Reuters05
CHICAGO (Reuters) – Boeing Co (BA.N) heads to court on Wednesday to dispute a request from lawyers representing victims of a 737 MAX crash for documents related to the aircraft’s design, development and two fatal disasters. The Boeing logo is displayed on a screen, at the New York Stock Exchange......
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