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US airlines cancel flights after FAA grounds Boeing 737 Max jets

Shannon Stapleton | Reuters An American Airlines Boeing 737 Max 8, on a flight from Miami to New York City, comes in for landing at LaGuardia Airport in New York, March 12, 2019. The U.S. Federal Aviation Administration on Wednesday joined dozens of other countries’ regulators in ordering airlines to …

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Facebook faces criminal probe into data deals: NYT

Tony Avelar | Bloomberg | Getty Images Mark Zuckerberg, chief executive officer of Facebook Inc. Facebook is facing a criminal probe into data-sharing deals it arranged with at least two other technology companies, the New York Times reported on Wednesday. At least two companies that make smartphones and other devices …

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Fiat Chrysler says emissions recall of 800,000 vehicles is ‘routine’

Rebecca Cook | Reuters Fiat Chrysler Automobiles assembly workers build 2019 Ram pickup trucks at the FCA Sterling Heights Assembly Plant in Sterling Heights, Michigan, October 22, 2018. Fiat Chrysler said a recall of more than 800,000 vehicles reported earlier Wednesday by Reuters was the result of routine testing under …

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Trump orders grounding of Boeing 737 Max fleet in US

Shannon Stapleton | Reuters An American Airlines Boeing 737 Max 8, on a flight from Miami to New York City, comes in for landing at LaGuardia Airport in New York, March 12, 2019. President Donald Trump said he issued an executive order Wednesday grounding all Boeing 737 Max jets, following …

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Boeing lost $26.6 billion of market value since Sunday’s 737 Max crash

Dimas Ardian | Bloomberg | Getty Images A Batik Air Boeing Co. 737 Max 8 aircraft, operated by Lion Air, center, sits on the tarmac at Soekarno-Hatta International Airport in Cenkareng, Indonesia, on Tuesday, March 12, 2019. Boeing investors lost $26.6 billion in the first two trading days this week …

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Canada to ban 737 Max 8 and Max 9 aircraft from flying in Canadian airspace

Daniel Slim | AFP | Getty Images An American Airlines Boeing 737 800 sits at a gate at Los Angeles International Airport on May 24, 2018. The Canadian government said Wednesday it is temporarily grounding Boeing 737 Max 8 and Max 9 planes and barring them from the country’s airspace, …

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VW says it will not pursue Traton IPO for now due to market conditions

Krisztian Bocsi | Bloomberg | Getty Images A Traton International LT A26 haulage truck sits on display on the Volkswagen AG (VW) Traton heavy-truck division exhibition area at the IAA Commercial Vehicles Show in Hanover, Germany, on Wednesday, Sept. 19, 2018. Volkswagen said on Wednesday it would not pursue an …

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Aurora Cannabis chairman describes Nelson Peltz partnership

Aurora Cannabis Executive Chairman Michael Singer told CNBC that the company’s new partnership with activist investor Nelson Peltz is one of many strategic relationships it hopes to foster as it works to broaden its product portfolio. “He may have a reputation as the hedge fund activist, but I can tell …

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737 Max groundings put a major source of Boeing’s revenue at risk, Wall Street warns

David Ryder | Bloomberg | Getty Images Employees on a platform next to a Boeing 737 MAX 9 jetliner at the company’s manufacturing facility in Renton, Washington. Boeing’s stock posted its biggest two-day drop in a decade and several Wall Street firms are warning that investors are still not anticipating …

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Asia boosts Prudential profit, demerger making progress

Jason Alden/Bloomberg | Bloomberg | Getty Images Pedestrians pass a logo outside Prudential Plc’s headquarters in London, U.K. Prudential said it was making “continued progress” in separating its British business, M&G Prudential, through a stock market listing, which market sources expect before the end of the year. “Given the extent …

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