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Boeing Co said on Friday it is addressing a new software issue discovered in Iowa last weekend during a technical review of the proposed update to the grounded Boeing 737 MAX, a development that could further delay the plane's return to service. "We are making necessary updates," Boeing said in a statement. The monitor check is prompted by a software command at airplane or system power up, and will set the appropriate indication if maintenance is required, company officials added....
A Pennsylvania judge on Friday slashed to $6.8 million from $8 billion a punitive damages award against Johnson & Johnson for allegedly failing to warn men that they could grow breasts by using its antipsychotic drug Risperdal. The decision by Judge Kenneth Powell of the Philadelphia Court of Common Pleas to reduce punitive damages for the plaintiff Nicholas Murray followed a jury's imposition of the original award last Oct. 8. Murray, like other male plaintiffs in mass tort litigation over Risperdal, claimed that he developed breasts after being prescribed the medicine when he was a boy....
Cannabis stocks performed terribly in 2019, and Canopy Growth (NYSE:CGC) was no exception. Despite the backing -- to the tune of $4 billion -- of Constellation Brands (NYSE:STZ), and over a full year of legal cannabis sales in Canada, CGC has yet to turn a profit. With investors souring on the cannabis industry in general, Canopy Growth stock lost 23% of its value in 2019. That number is actually misleading because CGC went into 2019 just as it was beginning to recover from a slump. It actually closed the year down a whopping 52% from its high at the end of April. So it is big news that CGC has strung together multiple days of significant growth. After a 4.4% pop on Wednesday, that's 21% in just three days.Source: Shutterstock What is going on with Canopy Growth? And more importantly for investors, can it sustain this rally to the point of...
Microsoft announced Thursday a new plan to not only become carbon negative by the end of the decade but to remove from the environment all the carbon it has produced since 1975. Microsoft is perhaps the "most powerful" company in the world, especially in terms of data centers, the CNBC host said. Cramer said later on in the day during his "Mad Money" show that Microsoft is leading the way in how companies balance profits with broader obligations....
California truck drivers scored a significant win yesterday, after a federal judge temporarily blocked enforcement of a new state gig worker law against their industry. California Trucking Association CEO Shawn Yadon joins Yahoo Finance’s Zack Guzman, Brian Cheung and Netflix Co-Founder & first Netflix CEO Marc Randolph on YFi PM to discuss the challenges this law poses to his industry....
(Bloomberg) -- Major technology and internet companies have long fueled the U.S. stock market’s climb to record levels, but that trend has come with one notable exception: Amazon.com Inc., which has languished in a fairly narrow trading range for months.Amazon shares haven’t notched an all-time high since September 2018, in contrast to mega-cap peers like Apple, Microsoft, Alphabet and Facebook, which have been hitting records on a near-daily basis. Many of these names experienced pronounced draw-downs over the past year and a half, mostly due to disappointing earnings reports or outlooks. But they regained their momentum last year, as their growth assuaged investor caution. Amazon, however, remains about 8.5% below its own peak.Because of its long-term prospects, Amazon is about as close as a stock can be to a consensus choice among Wall Street firms. Over the near term, though, it is “the most hotly debated among investors” as “debates persist...
Boeing (NYSE:BA) found itself grounded for most of 2019.Source: Alex JW Robinson / Shutterstock.com Even now, Boeing stock still faces plenty of headwinds. Just this week, for example, news hit that Airbus (OTCMKTS:EADSY) delivered twice as many airplanes to customers in 2019. Worse, for the first time in three decades, Boeing had a negative net number of airplane orders.On top of that, American Airlines (NASDAQ:AAL) said it would keep the 737 Max out of commission until June 2020, according to Fortune contributor Erik Sherman.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThis all comes just weeks after Boeing fired CEO Denis Muilenberg, and after the Federal Aviation Administration's Stephen Dickson said there was no way the FAA would allow the planes to fly again in 2019. Dickson also noted there were still approximately 10 steps left in the certification process. "If you do the math, it's going to extend into...
