(Bloomberg) -- Boeing Co. and federal regulators are preparing to hold a critical set of test flights on the 737 Max early next week, and laying plans for other milestones toward ending the jetliner’s 15-month grounding including convening a panel of pilots to go over a proposed training course.Aviation industry officials briefed on the plans, which still haven’t been finalized, said that the U.S. Federal Aviation Administration has reviewed Boeing’s safety analysis of fixes it has made and is comfortable moving to the next step: putting the plane through its paces with test pilots.The first of several days of test flights could come as early as Monday, according to three people familiar with the plans who weren’t permitted to discuss the still-tentative situation publicly. Boeing had privately targeted hosting the FAA flights by the end of June.“The team is making progress toward FAA certification flights in the near future,” the agency...
(Bloomberg) -- Boeing Co. and federal regulators are preparing to hold a critical set of test flights on the 737 Max early next week, and laying plans for other milestones toward ending the jetliner’s 15-month grounding including convening a panel of pilots to go over a proposed training course.Aviation industry officials briefed on the plans, which still haven’t been finalized, said that the U.S. Federal Aviation Administration has reviewed Boeing’s safety analysis of fixes it has made and is comfortable moving to the next step: putting the plane through its paces with test pilots.The first of several days of test flights could come as early as Monday, according to three people familiar with the plans who weren’t permitted to discuss the still-tentative situation publicly. Boeing had privately targeted hosting the FAA flights by the end of June.“The team is making progress toward FAA certification flights in the near future,” the agency...
It was a tough day for the bulls on Friday, with the stock market getting walloped right off the open. That said, let's look at a few top stock trades as we approach the end of June. Top Stock Trades for Monday No. 1: Facebook (FB) Click to EnlargeSource: Chart courtesy of StockCharts.com Facebook (NASDAQ:FB) is taking it on the chin as a growing number of companies begin to boycott their advertisements on the company's platform. As if the hit to ad sales weren't enough during the novel coronavirus, this presents a new revenue risk.The prior high at $225 acted as a springboard for the stock, as Facebook gapped over this mark, then held it as support. At the same time, $240 was acting as resistance.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNow, though, $225 is giving way, as Facebook fills the May gap down toward $215. In the...
(Bloomberg) -- Facebook Inc. and Twitter Inc. shares tumbled Friday after Unilever, one of the world’s largest advertisers, said it will halt all U.S. advertising on both platforms, fueling concerns that other major consumer brands may follow suit.Unilever, which owns names like Hellmann’s mayonnaise and Axe shower gel and has an annual advertising budget of almost $8 billion, said it won’t advertise on Facebook, Twitter and Facebook-owned Instagram for the rest of the year because of the hate speech and polarized politics that users often post.“Continuing to advertise on these platforms at this time would not add value to people and society,” Unilever said in an emailed statement. “We will be monitoring ongoing and will revisit our current position if necessary.”Facebook shares extended a decline after the news. The stock had dropped 4.6% earlier Friday, then fell 8.3% to $216.08 at the close. Twitter shares dropped 7.4% to $29.05.Facebook Chief Executive...
