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Monthly Archives: March 2019

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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Health insurer’s stock plummets after Congressional investigation into short-term plans

Shares of a company selling short-term health insurance plans took a hit Wednesday after Congress members announced they were looking into the practice. House Democrats, led by Energy and Commerce Chairman Rep. Frank Pallone, D-N.J., are requesting documents from 12 healthcare companies regarding reports of practices like denying coverage and …

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Wells Fargo CEO Tim Sloan gets 5% pay raise to $18.4 million for 2018

Erin Scott | Reuters Wells Fargo CEO Tim Sloan testifies before a House Financial Services Committee hearing titled: “Holding Megabanks Accountable: An Examination of Wells Fargo’s Pattern of Consumer Abuses” in Washington, March 12, 2019. Wells Fargo CEO Tim Sloan got a 5 percent pay raise for leading the troubled …

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Cloudera earnings Q4 2019

Michael Nagle | Bloomberg | Getty Images Tom Reilly, chief executive officer of Cloudera Inc., stands during the company’s initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) in New York. Cloudera plummeted as much as 15 percent in extended trading on Wednesday after the …

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British pound surges 2% vs US dollar after UK lawmakers vote to reject a no-deal Brexit

Sterling rose on Wednesday after U.K. lawmakers rejected leaving the European Union without a withdrawal agreement. The pound was up 2 percent against the dollar at $1.3339 as investors become more optimistic that a hard Brexit would be ruled out. That’s the biggest move since April 2017. “Our base view …

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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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Facebook suffers outage related to core, WhatsApp and Instagram

Christophe Morin/IP3 | Getty Images News | Getty Images Mark Zuckerberg, chief executive officer and founder of Facebook Inc. attends the Viva Tech start-up and technology gathering at Parc des Expositions Porte de Versailles on May 24, 2018 in Paris, France. Facebook users around the world are reporting issues logging …

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Michael Flynn cooperation with special counsel Robert Mueller is ‘complete’

Chip Somodevilla | Getty Images Former White House National Security Advisor Michael Flynn leaves the Prettyman Federal Courthouse following a sentencing hearing in U.S. District Court December 18, 2018 in Washington, DC. President Donald Trump’s former national security advisor Michael Flynn has completed his cooperation with Robert Mueller’s investigation, said …

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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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