Tag: Yahoo Finance

18 Oct by Vitaliy Dadalyan Tags:

FAA Concerned About Boeing Text Messages That May Indicate Company Misled Agency On 737 Max

Boeing Co's (NASDAQ: BA) stock plummeted Friday after a report that the company this week gave federal investigators text messages from 2016 suggesting it may have misled officials probing the grounded 737 MAX airplane. Federal Aviation Administrator Steve Dickson sent a letter to Boeing saying he expects an immediate explanation from the company over why Boeing appears to have sat on "concerning" information that it discovered in its files months ago. Reuters reported on Friday that the information involves text messages between two Boeing employees in 2016 that raise questions about the degree to which the aircraft maker may have known about possible issues with the MCAS anti-stall system, a critical part of the FAA investigation into two crashes of Boeing aircraft, one in Indonesia and one in Ethiopia....
18 Oct by Vitaliy Dadalyan Tags:

UPDATE 2-Fallout from money manager Kenneth Fisher's remarks tops $1 bln in lost assets

Fallout from Kenneth Fisher's alleged insensitive remarks about women escalated on Friday when a large Iowa pension plan cut ties with the money manager, whose firm has lost more than $1 billion in assets under management in the last week. The Iowa Public Employees' Retirement System was the latest to notify Fisher Investments that it will terminate its contract with his firm. Fisher Investments manages $386 million of IPERS' $34 billion trust fund....
18 Oct by Vitaliy Dadalyan Tags:

Lebanon Leader Threatens to Abandon Ship During Largest Protests in Years

(Bloomberg) -- Tens of thousands of protesters set fires and cut off roads across Lebanon Friday, demanding the removal of a political class whose mismanagement and corruption they say has brought the economy to the brink of bankruptcy.In a televised speech, Lebanese Prime Minister Saad Hariri gave his feuding coalition government a 72-hour deadline to get behind his plan for an economic overhaul or he would step aside and let them deal with a deepening crisis that has engulfed Lebanon in the biggest and most violent demonstrations in years.Hariri accused his rivals inside the government of blocking measures that could unlock some $11 billion in international aid pledges and help restore investor confidence.“If anyone thinks they have another solution” they are welcome to take power and try to implement it, Hariri said.The ultimatum did little to ease anger on the streets, where protests were into their second night. Amid chants of...