Tag: Yahoo Finance

Renault shares fall on fresh worries about potential break with Nissan

Renault shares hit six-year lows on Monday after a media report that Nissan has accelerated secret contingency planning for a potential split from the French carmaker, the latest sign that the downfall of former boss Carlos Ghosn is roiling the 20-year alliance. At 1027 GMT, the shares were down 3.7%, languishing at the bottom of Paris' CAC 40 and the pan European STOXX 600 index . The plans include war-gaming a total split in engineering and manufacturing, as well as changes to Nissan's board, the Financial Times newspaper reported on Sunday citing several sources....

New Boeing chief executive takes over with 737 MAX crisis unresolved

Boeing Co's new Chief Executive David Calhoun assumes the job Monday as the U.S. planemaker battles to recover from two fatal crashes of 737 MAX planes that killed 346 people in five months and led to the model's worldwide grounding in March. Calhoun, 62, a long-time Boeing director named chairman in October after the board stripped Dennis Muilenburg of the title, was named chief executive on Dec. 23 following the board's firing of Muilenburg amid growing concerns about the company's relationship with regulators and its handling of the MAX. Boeing has estimated costs of the MAX grounding at more than $9 billion to date and is expected to disclose significant additional costs during its fourth-quarter earnings release on Jan. 29....

US lawmakers urge FCC to crack down on SIM swapping

Lawmakers in the US have sent a letter to Federal Communications Commission (FCC) chairman Ajit Pai urging him to take a firmer approach with mobile network operators to help prevent SIM swapping. Democratic officials from the US House of Representatives and Senate led by Senator Ron Wyden have voiced their concerns to the head of the FCC, arguing that wireless carriers have a duty to protect consumers from fraud. SIM swapping is where cybercriminals convince a victim’s phone carrier to reassign the victim’s cell phone number from the current SIM card to the hacker’s own phone. The letter, dated January 9, reads: “Consumers have limited options to protect their wireless account from SIM swaps and are often not informed aboutThe post US lawmakers urge FCC to crack down on SIM swapping appeared first on Coin Rivet....