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January 24, 2020
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Union Pacific shares rise as CEO says U.S.-China trade pact should help end rail slump

Reuters
(Reuters) – Union Pacific Corp (UNP.N) shares rose 1% after executives at the railroad operator said the U.S.-China trade pact should help reverse slumping volumes. FILE PHOTO: A Union Pacific rail car is parked at a Burlington National Santa Fe (BNSF) train yard in Seattle, Washington, U.S., February 10, 2017.......
Reuters - Business

Southwest sees 737 MAX costs continuing to lash profits this year

Reuters
CHICAGO (Reuters) – Southwest Airlines Co (LUV.N) said on Thursday that the Boeing 737 MAX grounding will continue weighing on its profits in the first quarter and warned that it will likely extend flight cancellations beyond June as the jets look set to remain parked longer than expected. FILE PHOTO:......
Reuters - Business

Boeing’s new CEO orders rethink on key jetliner project

Reuters
LONDON/CHICAGO (Reuters) – Boeing Co’s (BA.N) new chief executive has sent the aerospace giant back to the drawing board on proposals for a new mid-market aircraft, effectively shelving in their current form plans worth $15 billion-$20 billion that had been overtaken by the 737 MAX crisis. FILE PHOTO: The Boeing......
Reuters - Business

Boeing CEO expects to resume 737 MAX production before mid-year

Reuters
WASHINGTON/CHICAGO (Reuters) – Boeing Chief Executive Dave Calhoun told reporters on Wednesday the U.S. planemaker expects to resume 737 MAX production months before its forecasted mid-year return to service and said it did not plan to suspend or cut its dividend. FILE PHOTO: Aerial photos showing Boeing 737 Max airplanes......
Reuters - Business

Angola’s Dos Santos named as suspect over alleged fraud at oil firm: Lusa news agency

Reuters
FILE PHOTO: Isabel Dos Santos, daughter of Angola’s former president, sits for a portrait during a Reuters interview in London, Britain, January 9, 2020. Picture taken on January 9. REUTERS/Toby Melville/File Photo LISBON (Reuters) – Angola’s public prosecutors named former first daughter Isabel dos Santos as a formal suspect on......
Reuters - Business

Airbus flies to record highs, TUI falls after latest Boeing blow

Reuters
FILE PHOTO: An Airbus A350 takes off at the aircraft builder’s headquarters in Colomiers near Toulouse, France, September 27, 2019. REUTERS/Regis Duvignau/File Photo PARIS/LONDON (Reuters) – Airbus’ (AIR.PA) shares rose to record highs on Wednesday, after its U.S. arch rival Boeing (BA.N) warned of new issues with the Boeing 737......
Reuters - Business

Cathay says cabin crew can wear masks on mainland China flights due to virus

Reuters
SYDNEY (Reuters) – Hong Kong’s Cathay Pacific Airways Ltd will allow cabin crew to wear a surgical mask while operating mainland China flights due to concerns over a new coronavirus, and passengers to Wuhan to change or cancel flights without charge through Feb. 15. FILE PHOTO: Passengers wearing masks are......
Reuters - Business

GM’s Cruise unit unveils driverless prototype vehicle for ride-sharing service

Reuters
SAN FRANCISCO (Reuters) – General Motors Co’s (GM.N) self-driving car unit, Cruise, on Tuesday unveiled a prototype electric vehicle with no steering wheel or pedals for use in its planned autonomous ride-sharing service. Dan Ammann, chief executive officer of Cruise, a Honda and General Motors self-driving car partnership, speaks on......
Reuters - Business

Judge dismisses defunct startup Sidecar’s 2018 lawsuit against Uber

Reuters
FILE PHOTO: Uber’s logo is pictured at its office in Bogota, Colombia, December 12, 2019. Picture taken December 12, 2019. REUTERS/Luisa Gonzalez/File Photo (Reuters) – Uber Technologies Inc (UBER.N) on Tuesday prevailed in a lawsuit accusing it of driving a smaller rival out of business through predatory pricing and other......
Reuters - Business

Boeing says 737 MAX may not win approval to return until mid-year, shares drop

Reuters
WASHINGTON/CHICAGO (Reuters) – Boeing Co (BA.N) said on Tuesday it does not expect to win approval for the return of the 737 MAX to service until mid-year due to further potential developments in the certification process and regulatory scrutiny on its flight control system. A Boeing 737 Max aircraft taxis......
Reuters - Business

Boeing shares plunge as 737 MAX may not get approved to return until mid-year: source

Reuters
A Boeing 737 Max aircraft taxis the runway at the Renton Municipal Airport in Renton, Washington, U.S. January 10, 2020. REUTERS/Lindsey Wasson WASHINGTON (Reuters) – Boeing Co (BA.N) shares plunged on Tuesday after the planemaker told airlines and suppliers it now forecasts it does not expect to win approval from......
Reuters - Business

Boeing seeks to borrow $10 billion or more amid 737 MAX crisis: source

Reuters
WASHINGTON (Reuters) – Boeing Co (BA.N) is in talks with banks about borrowing $10 billion or more amid rising costs for the U.S. planemaker after two crashes involving its 737 MAX jetliner, a source told Reuters on Monday. FILE PHOTO: Boeing 737 Max aircraft are seen parked outside the company’s......
Reuters - Business

AerCap CEO warns against panic discounts for Boeing 737 MAX jets

Reuters
FILE PHOTO: Aengus Kelly, CEO and Executive Director of AerCap, speaks at the 2016 International Air Transport Association (IATA) Annual General Meeting (AGM) and World Air Transport Summit in Dublin, Ireland June 1, 2016. REUTERS/Clodagh Kilcoyne DUBLIN (Reuters) – Owners of Boeing’s (BA.N) grounded 737 MAX jet must keep cool......
Reuters - Business

Boeing customer Air Lease says ‘damaged’ MAX brand should be dropped

Reuters
FILE PHOTO: Employees walk near a Boeing 737 Max aircraft at the Renton Municipal Airport in Renton, Washington, U.S. January 10, 2020. REUTERS/Lindsey Wasson DUBLIN (Reuters) – The executive chairman of aircraft leasing firm Air Lease (AL.N), which has 150 of Boeing’s (BA.N) grounded 737 MAX jet on order, on......
Reuters - Business

Boeing addresses new 737 MAX software issue that could keep plane grounded longer

Reuters
FILE PHOTO: A Boeing 737 Max aircraft is seen parked in a storage area at the company’s production facility in Renton, Washington, U.S. January 10, 2020. REUTERS/Lindsey Wasson WASHINGTON (Reuters) – Boeing Co (BA.N) said on Friday it is addressing a new software issue discovered in Iowa last weekend during......
Reuters - Business

Boeing says it is addressing new 737 MAX software issue discovered in technical review

Reuters
FILE PHOTO: A Boeing 737 Max aircraft is seen parked in a storage area at the company’s production facility in Renton, Washington, U.S. January 10, 2020. REUTERS/Lindsey Wasson WASHINGTON (Reuters) – Boeing Co (BA.N) said on Friday it is addressing a new software issue discovered during a technical review of......
Reuters - Business

European firms get ‘crumbs’ from China’s Belt and Road: business group

Reuters
BEIJING (Reuters) – China’s Belt and Road investment scheme, which aims to connect Europe with Asia, is sidelining European companies and Brussels should review its competition law to level the playing field, a business lobby group said on Thursday. FILE PHOTO: Container handlers transport containers at the railway port in......
Reuters - Business

In U.S.-China Phase 1 trade deal, enforcement may end in ‘We quit’

Reuters
WASHINGTON (Reuters) – The Trump administration is touting the U.S.-China Phase 1 trade deal’s dispute settlement and enforcement mechanism as the major difference between the 86-page agreement unveiled on Tuesday and past pledges by Beijing to change its trade practices. U.S. President Donald Trump stands Chinese Vice Premier Liu He......
Reuters - Business

Ryanair says could start getting Boeing 737 MAX by April

Reuters
FILE PHOTO: An aerial photo shows Boeing 737 MAX aircraft at Boeing facilities at the Grant County International Airport in Moses Lake, Washington, September 16, 2019. REUTERS/Lindsey Wasson/File Photo MADRID (Reuters) – Ryanair (RYA.I) could receive its first deliveries of up to 10 grounded 737 MAX aircraft from Boeing (BA.N)......
Reuters - Business

Boeing’s worst year in decades

Reuters
(Reuters) – Boeing’s new Chief Executive Officer David Calhoun started work on Monday, inheriting a company that is reeling from the effects of two fatal crashes which led to the grounding of the 737 MAX last March. FILE PHOTO: A Boeing 737 MAX aircraft is parked at a Boeing production......

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