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(Bloomberg) -- Stocks dropped and U.S. equity-index futures sank after an acrimonious American presidential debate highlighted the risk of a contested vote in November. A gauge of the dollar held steady.S&P 500 futures fell as much as 1.3% in the hours after the chaotic sparring between Donald Trump and Democratic hopeful Joe Biden during which the president suggested vote-by-mail could be rife with fraud. The Stoxx Europe 600 opened lower, and most Asian markets slipped.“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 were also recalibrating positions on the final day of this quarter. Walt Disney Co. shares fell in late trading after it said 28,000 workers will be let go in its slumping U.S. resort business, marking...
Multiple companies and nations around the world are racing to develop a vaccine to provide some degree of immunity to the coronavirus, which causes the disease COVID-19. The chief executive of GlaxoSmithKline, the world’s largest maker of vaccines, on Tuesday said she was optimistic the industry will be able to make vaccine widely available next year. Salesforce.com's efforts build on tools rolled out in May aimed at modifying the company's business software to help governments make re-opening decisions based on public health data and carry out contact tracing and other tasks related to the pandemic....
Federal Aviation Administration (FAA) Chief Steve Dickson began a 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 took off just before 9 a.m. PDT (1600 GMT) from King County International Airport - also known as Boeing Field - in the Seattle area. The flight is part of the U.S. planemaker's long-delayed quest to persuade the FAA to lift a March 2019 grounding order triggered by 737 MAX crashes in Ethiopia and Indonesia that killed 346 people within a five-month period....
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....
Federal Aviation Administration (FAA) Chief Steve Dickson is due to conduct a two-hour evaluation flight at the controls of a Boeing 737 MAX on Wednesday, a key 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 are due to take off around 9 a.m. PDT (1600 GMT) from King County International Airport - also known as Boeing Field - in the Seattle area and land around 11 a.m. (1800 GMT). For Boeing, the flight is another milestone in the U.S. planemaker's long-delayed quest to persuade the FAA to lift a March 2019 grounding order triggered by 737 MAX crashes in Ethiopia and Indonesia within five months that killed 346 people....
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...
