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Federal Aviation Administration (FAA) Chief Steve Dickson conducted a nearly two-hour evaluation flight at the controls of a Boeing 737 MAX on Wednesday, a milestone for the jet to win approval to resume flying after two fatal crashes. Dickson, a former military and commercial pilot, and other FAA and Boeing pilots landed shortly before 11 a.m. local time (1800 GMT) at King County International Airport - also known as Boeing Field - in the Seattle area. Dickson is set to host a news conference following the flight....
Federal Aviation Administration (FAA) Chief Steve Dickson conducted a nearly two-hour evaluation flight at the controls of a Boeing 737 MAX on Wednesday, a milestone for the jet to win approval to resume flying after two fatal crashes. Dickson, a former military and commercial pilot, and other FAA and Boeing pilots landed shortly before 11 a.m. local time (1800 GMT) at King County International Airport - also known as Boeing Field - in the Seattle area. "I like what I saw on the flight," Dickson told a news conference afterwards, but said he was not ready to give the jet a clean bill of health, with FAA reviews still ongoing....
NextEra Energy Inc (NYSE: NEE) is interested in acquiring Duke Energy Corp (NYSE: DUK), the Wall Street Journal reported Tuesday.What Happened: NextEra reportedly approached Duke with a takeover offer, but the latter rebuffed the move. NextEra's market cap is close to $139 billion and Duke has a market cap of close to $60.6 billion.Since the utility industry is highly regulated by the government, a hostile takeover seems like a rare possibility, the Journal noted. If the takeover does go through successfully, it could be the largest utility acquisition to date or the biggest merger of the year.NextEra on Tuesday also said it had agreed to acquire GridLiance for $660 million through subsidiary NextEra Energy Transmission LLC.Why Does This Matter: The energy company two weeks ago increased its financial outlook through 2023. It expects the 2021 adjusted earnings per share in the range of $9.60 to $10.15, and subsequently a 6% to...
The move comes five months after it cut its dividend for the first time since World War Two....
Shares of Synnex Corp. gained 4.2% in the extended trading session on Tuesday after the company reported better-than-expected 3Q results and issued strong 4Q guidance.Synnex’s (SNX) 3Q revenues increased 4.2% to $6.47 billion year-on-year and surpassed analysts’ expectations of $5.72 billion. The business process services provider’s adjusted EPS of $3.33 came way higher than the Street consensus of $2.31 and marked an improvement from the year-ago quarter’s earnings of $3.30.Synnex’s CEO Dennis Polk said, "Our strong third quarter performance is a reflection of our resiliency, our ongoing focus on serving our partners and clients and the continued dedication of our associates on the growth and improvement of our business during these unprecedented times." (See SNX stock analysis on TipRanks).Buoyed by solid quarterly results, the company now expects revenues of between $6.45 billion and $6.65 billion, compared with analysts’ projections of $6.07 billion. Its adjusted EPS guidance range of $3.68-$3.93 exceeds Street...
(Bloomberg) -- U.S. equity-index futures fell along with European contracts and most Asian stock markets after an acrimonious American presidential debate that highlighted the risk of a contested vote. The dollar ticked higher and Treasuries were steady.S&P 500 futures were about 1% lower after the sparring between President Donald Trump and Democratic hopeful Joe Biden ended. Futures earlier rose as much as 0.7% during the debate, well within the range of swings that have prevailed recently during one of the U.S. stock market’s more volatile stretches.“What we’ve seen from the debate is the reinforcement that if Biden wins, Trump is not going to accept that,” said Chris Weston, head of research at Pepperstone Group Ltd. in Melbourne. “People positioned for an ugly contest afterwards have been validated.”Traders are also recalibrating positions on the final day of this quarter. U.S. shares on Tuesday declined as talks on expanding fiscal stimulus ended for...
VANCOUVER, BC, Sept. 30, 2020 /CNW/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced that it has completed an at-the-market equity program (the "ATM Program") announced and entered into on September 1, 2020, raising total gross proceeds of US$250 million....
