How Boeing's 737 MAX Troubles Ripple Through the Industry

  • How Boeing's 737 MAX Troubles Ripple Through the Industry How Boeing's 737 MAX Troubles Ripple Through the Industry 4:36
    Why the Agency That Regulates Boeing Is Under Scrutiny Why the Agency That Regulates Boeing Is Under Scrutiny 8:58
    Boeing: 'The 737 Is a Safe Airplane' Boeing: 'The 737 Is a Safe Airplane' 0:44
    FAA on Boeing: 'We'll Go Wherever the Facts Lead Us' FAA on Boeing: 'We'll Go Wherever the Facts Lead Us' 2:16
5:36 a.m. Today - By Jurica Dujmovic
Here’s a believable explanation of those UFO videos released by the Navy Jurica Dujmović says a military patent could explain mysterious objects caught on video by a jet-fighter pilotJurica Dujmović says a military patent could explain mysterious objects caught on video by a jet-fighter pilot.
1:02 a.m. Today - By Jacob Passy
Boeing 737 Max grounding puts pressure on airlines to raise prices this holiday season ‘They’re left operating at reduced capacity and, with seat supply diminished at a time when demand is highest, fares will go up’‘They’re left operating at reduced capacity and, with seat supply diminished at a time when demand is highest, fares will go up.’
7:03 p.m. Oct. 14, 2019 - Associated Press
Ex-White House adviser tells House panel she objected to ouster of ambassador to Ukraine Fiona Hill testifies for more than 10 hours in Trump impeachment inquiryFiona Hill, a former White House adviser on Russia, told House impeachment investigators behind closed doors Monday that she had strongly and repeatedly objected to the ouster earlier this year of former ambassador to Ukraine Marie Yovanovitch, according to a person familiar with the testimony.
1:03 p.m. Oct. 12, 2019 - By Rachel Koning Beals
Chicago is top tourism pick among big U.S. cities for third year running Windy City was selected in a survey of more than 600,000 Condé Nast readers asking about travelers’ recent visitsChicago is again named best big U.S. city by the prominent Condé Nast Traveler magazine. No. 2: Minneapolis.
9:02 a.m. Oct. 12, 2019 - By Vitaliy Katsenelson
Why it’s only a matter of time before oil runs out of gas and electric vehicles power ahead Alternative energy helps the planet and gives consumers choicesAlternative energy helps the planet and gives consumers choices, writes Vitaliy Katsenelson.
2:37 p.m. Oct. 11, 2019 - By Wallace Witkowski
Boeing board separates CEO, chairman rolesBoeing Co. said late Friday its board voted to separate the roles of chief executive and chairman. The aviation company said Dennis Muilenburg will continue as CEO, president and a board member, while David Calhoun, the current independent lead director, will become non-executive chairman. "The board has full confidence in Dennis as CEO and believes this division of labor will enable maximum focus on running the business with the board playing an active oversight role," said Calhoun in a statement. "The board also plans in the near term to name a new director with deep safety experience and expertise to serve on the board and its newly established Aerospace Safety Committee." Boeing has been of its 737 Max jet, following suspected software problems that likely contributed to the crashes of Lion Air Flight 610 and Ethiopian Airlines Flight 302. Boeing shares declined 0.2% after hours, following a 1.1% rise to close at $374.92. Shares are up 16% for the year.
1:59 p.m. Oct. 11, 2019 - By Emily Saul
Trump acted unlawfully in declaring national emergency to divert military funds to border wall: federal judgePresident Trump acted unlawfully when he declared a national emergency in order to fund his long-promised border wall, a federal judge ruled Friday.
11:56 a.m. Oct. 11, 2019 - By Victor Reklaitis
Trump says U.S. and China have substantial phase one deal on tradePresident Donald Trump on Friday said the U.S. has reached a "substantial" phase one deal on trade with China. Treasury Secretary Steven Mnuchin said the U.S. won't implement China tariff hikes that had been set for next week. Earlier Friday, a Bloomberg News report citing unnamed sources said the U.S. and China had achieved a that could help lead to a truce in their trade war and lay the groundwork for a broader deal. Stocks were sharply higher Friday, with analysts giving credit to optimism over the trade negotiations.
5:07 a.m. Oct. 11, 2019 - By Victor Reklaitis
Diplomat Gordon Sondland says he'll testify to lawmakers on UkraineGordon Sondland, the U.S. ambassador to the European Union, said Friday that he will testify on Thursday before House committees leading the impeachment inquiry even though the Trump administration has directed him not to testify. But Sondland said he doesn't control the disposition of documents that the committees have directed him to produce, adding that the State Department has sole authority to produce the documents and he hopes it shares them with the committees before Thursday. On Tuesday, Trump against House Democrats' impeachment inquiry by blocking Sondland from testifying about dealings with Ukraine.
4:59 p.m. Oct. 10, 2019 - Associated Press
NASA chief says SpaceX and other contractors need more realistic timelines Bridenstine says critical tweet wasn’t just aimed at Elon Musk’s companyNASA Administrator Jim Bridenstine said Thursday that a recent Twitter statement critical of SpaceX was a signal to all the space agency’s contractors about realistic development timelines.
1:10 p.m. Oct. 10, 2019 - Associated Press
Boeing says structural cracks found in at least 38 older jets Airlines ordered to inspect Boeing 737 NG planes Inspections of some older Boeing jets have turned up structural cracks in more than three dozen of them, raising a new safety issue for the company, which is already dealing with two deadly crashes involving a newer version of the same plane.
10:24 p.m. Oct. 9, 2019 - By Adria Calatayud
U.K. government plans to approve Inmarsat takeoverU.K.’s Competition and Markets Authority found no competition issues arising from takeover deal for Inmarsat.
4:48 p.m. Oct. 9, 2019 - Associated Press
Turkish military offensive pounds Kurdish positions in Syria after U.S. troops pull out Trump’s decision to withdraw U.S. troops has been condemned by many of his Republican alliesTurkey launched airstrikes, fired artillery and began a ground offensive against Kurdish fighters in northern Syria on Wednesday after U.S. troops pulled back from the area, paving the way for an assault on forces that have long been allied with the United States.
10:10 a.m. Oct. 9, 2019 - By Victor Reklaitis
Biden says Trump should be impeachedJoe Biden on Wednesday said he supports impeaching President Donald Trump, joining other Democratic presidential hopefuls in backing the effort to oust Trump. "Donald Trump has violated his oath of office, betrayed this nation and committed impeachable acts," the former vice president said in New Hampshire. "He should be impeached." Trump responded to Biden's move in a tweet, saying: "Joe's Failing Campaign gave him no other choice!"
4:33 p.m. Oct. 8, 2019 - Associated Press
With eye on space tourism, Boeing will invest $20 million in Virgin Galactic Move called strategic investment ahead of first commercial space flightsBoeing plans to invest $20 million in Virgin Galactic, looking at possibilities beyond the space tourism company’s immediate goal of launching passengers on suborbital flights as early as next year.
4:20 a.m. Oct. 8, 2019 - By Tomi Kilgore
Boeing's stock falls to lead Dow's early losersShares of Boeing Co. dropped 1.6% in premarket trading Tuesday, enough to pace the Dow Jones Industrial Average's early decliners, after reports of a potential delay in the 737 Max's return to service and a lawsuit by Southwest Airlines Co. pilots. The stock's implied price decline would shave about 38 points off the Dow's price, while Dow futures sank 194 points. Heightened safety concerns from European regulators about portions of proposed fixes to 737 Max flight-control systems could delay the return of the Boeing jets to service, according to . And the union representing Southwest pilots is suing Boeing, saying the pilots are losing money because the company had rushed an unsafe place into service, only to have the jets grounded following deadly crashes, . Boeing's stock has gained 7.2% over the past three months through Monday, while the Dow has slipped 1.2%.
2:22 a.m. Oct. 8, 2019 - Associated Press
Nobel prizes in physics awarded for helping understand universe structure and Earth’s place in the cosmosThree scientists have won the 2019 Nobel Prize in Physics for the Nobel Prize in Physics for their contribution to the understanding of the evolution of the universe and “Earth’s place in the cosmos.”
3:15 p.m. Oct. 7, 2019 - Associated Press
Southwest pilots’ union sues Boeing, claims 737 Max unsafe Suit deals blow to Boeing’s effort to restore public confidenceThe Southwest Airlines Pilots Association said in the lawsuit filed Monday that Boeing rushed the plane into service and misled pilots by saying it was little different than previous versions of the 737.
10:03 a.m. Oct. 7, 2019 - Associated Press
Iowa teacher placed on leave after apparent threatening social-media post on Greta ThunbergAn Iowa high-school science teacher has been placed on administrative leave after he made what appeared to be a threatening social-media comment about 16-year-old climate activist Greta Thunberg.
8:31 a.m. Oct. 7, 2019 - By Robert Schroeder
House Democrats subpoena Pentagon, OMB as part of Trump impeachment inquiryThe chairmen of three House committees on Monday subpoenaed the Pentagon and Office of Management and Budget for documents as Democrats' impeachment inquiry intensified. The heads of the intelligence, foreign affairs and oversight panels . The inquiry was prompted by President Donald Trump asking the Ukrainian president to "look into" former Vice President Joe Biden and his son. Trump denies wrongdoing in the matter.
9:32 a.m. Oct. 3, 2019 - By Tomi Kilgore
Delta’s stock drops after analyst downgrades on cost and pricing concerns Delta stock suffers another 5-day losing streak; Buckingham’s Dan McKenzie price target is now the lowest on the StreetShares of Delta Air Lines Inc. dropped for a fifth-straight session Thursday, after Buckingham Research downgraded the air carrier, citing concerns that cost and pricing pressures will carry over into next year, suggesting Wall Street expectations are “too aggressive.”
3:02 p.m. Oct. 2, 2019 - Associated Press
U.S. plans tariffs on $7.5 billion of European imports after winning WTO ruling Green light comes after ruling that EU favored Airbus over BoeingThe Trump administration plans to impose tariffs on $7.5 billion worth of European imports — from gouda cheese to single-malt whiskey to large aircraft — beginning Oct. 18 to retaliate against illegal European Union subsidies for aviation giant Airbus.
1:59 p.m. Oct. 2, 2019 - Associated Press
Boeing engineer complained 737 Max safety system rejected due to cost, reports say Worker says company was more concerned with keeping aircraft’s production on scheduleA Boeing engineer filed an internal complaint alleging that company managers rejected a backup system that might have alerted pilots to problems linked to two deadly crashes involving the 737 Max jet, according to published reports.
9:31 a.m. Oct. 2, 2019 - By Victor Reklaitis
Elizabeth Warren says new tax would make lobbying more expensive for companies like Boeing and Comcast Democratic presidential hopeful says tax will help ‘fight back’ against what she calls excessive lobbying Democratic presidential hopeful Elizabeth Warren is proposing a new tax as part of her plan to “end lobbying as we know it.”
5:39 a.m. Oct. 2, 2019 - By Ciara Linnane
Boeing shares slide 1.3% on report engineer filed ethics complaint about 737 Max safety issuesBoeing Co. shares fell 1.3% Wednesday, after a New York Times report said a senior engineer had filed an internal ethics complaint this year over the company's decision to reject a safety system for the 737 Max on cost grounds that he believed could have reduced risks tied to two fatal crashes. Boeing has handed the complaint over to the Justice Department, which is conducting a criminal probe of the design of the aircraft, the paper reported, citing a person with knowledge of the matter. At least one former Boeing worker has been questioned by federal investigators about the allegations, according to another person cited by the paper. The paper said the engineer who filed the complaint called out the chief executive for misrepresenting the safety of the plane. Boeing shares have fallen 4% in the last 12 months, while the Dow Jones Industrial Average has fallen about 2%.
12:20 p.m. Oct. 1, 2019 - Associated Press
Hurricane Lorenzo could slam Portugal’s Azores islands with 70-foot waves Category 2 hurricane is forecast to hit the island group in the next 24 hoursThe Category 2 hurricane is expected to hit the Portuguese islands in the next 24 hours.
11:43 a.m. Oct. 1, 2019 - Associated Press
UPS gets FAA approval to operate a nationwide fleet of drones The company won government approval to expand deliveries on hospital campuses; it’s one step closer to making deliveries to consumers by droneThe company won government approval to expand deliveries on hospital campuses; it’s one step closer to making deliveries to consumers by drone.
4:53 p.m. Sept. 30, 2019 - Associated Press
Southwest pilots don’t expect Boeing 737 Max to return until February or March Union officials say return to skies will likely take longer than expectedPilot-union leaders at Southwest Airlines say it could be February or March before their airline resumes flights using the Boeing 737 Max.
1:45 p.m. Sept. 30, 2019 - Associated Press
California tour guide accused of spying for China Man allegedly traded money to double agent in exchange for memory-card data A California man who operates tours for Chinese students and visitors was charged with being an illegal foreign agent and delivering classified U.S. national security information to officials in China, U.S. government officials announced Monday.
1:30 p.m. Sept. 30, 2019 - Associated Press
How and when the White House and the Justice Department learned of the whistleblower complaintThe White House and the Justice Department learned about a CIA officer’s concerns about President Donald Trump around the same time the individual filed a whistleblower complaint that is now at the center of an impeachment inquiry, according to a U.S. official and another person familiar with the matter.
1:08 p.m. Sept. 30, 2019 - Associated Press
EU trade chief nominee urges U.S. not to start new tit-for-tat tariff war Phil Hogan urges Washington to work with EU to reform WTOThe Irishman set to take over as the European Union’s top trade official on Monday urged the United States not to launch an economically damaging tariff war with the bloc over subsidies to Airbus and Boeing.
12:43 p.m. Sept. 30, 2019 - By Courtney McBride
Secretary of State Pompeo listened in on Trump’s July call with Ukraine’s Zelensky Wall Street Journal credits revelation to senior State Department officialSecretary of State Mike Pompeo was among administration officials who listened in on the July 25 phone call between President Trump and Ukrainian President Volodymyr Zelensky, a senior State Department official said Monday, a disclosure that ties the State Department more closely to the House impeachment inquiry.
7:45 a.m. Sept. 30, 2019 - By Steve Goldstein
European stocks close quarter with stronger gain than U.S.European stocks on Monday ended the quarter with a mild gain, capping three months of turmoil on the political and economic front.
7:39 a.m. Sept. 30, 2019 - By Victor Reklaitis
McConnell says Senate must take up impeachment if House actsSenate Majority Leader Mitch McConnell on Monday said the Senate would have "no choice but to take it up" if the House of Representatives were to end up impeaching President Donald Trump. In an interview with CNBC, the Kentucky Republican said the Senate would be required to take up impeachment because of its own rules. His comments on Monday echo his that the Senate wouldn't have a choice but to conduct a trial to determine whether the president is removed from office if the House impeaches Trump.
3:20 a.m. Sept. 30, 2019 - By Tanner Brown
People’s Republic of China at 70: What comes next? After decades of explosive growth, the country faces a slew of worrying circumstancesAfter decades of explosive growth, the country faces a slew of worrying circumstances, as it marks its 70th anniversary on Oct. 1.
12:23 p.m. Sept. 29, 2019 - Associated Press
Elon Musk unveils SpaceX’s Starship, designed to fly to Mars and back New rocket expected to take first flight in coming monthsElon Musk unveiled a SpaceX spacecraft designed to carry a crew and cargo to the moon, Mars or anywhere else in the solar system and land back on Earth perpendicularly.
8:33 a.m. Sept. 29, 2019 - Associated Press
NRA acted as a Russian asset in run-up to 2016: ranking member of Senate Finance CommitteeDemocrat Ron Wyden of Oregon charges in a report based on an 18-month probe that the National Rifle Association acted as a “foreign asset” for Russia in the run-up to the 2016 election, and that NRA insiders provided access to the American political system to advance personal business interests.
11:50 a.m. Sept. 28, 2019 - By Richard Connor
Why knowing your retirement ‘number’ is useless for most people Humans like to oversimplify complicated thingsHumans like to oversimplify complicated things.
2:49 p.m. Sept. 27, 2019 - Associated Press
Joe Wilson, ambassador and Iraq war skeptic, dies of organ failure at 69 Wilson set off a firestorm by disputing U.S. intelligence used to justify the 2003 Iraq invasion, leading to the unmasking of his then-wife as a covert CIA operativeWilson set off a firestorm by disputing U.S. intelligence used to justify the 2003 Iraq invasion, leading to the unmasking of his then-wife, Valerie Plame, as a covert CIA operative. “Scooter” Libby, the George W. Bush aide convicted of leaking Plame’s identity, received a pardon last year from Donald Trump.
12:18 p.m. Sept. 27, 2019 - By Victor Reklaitis
Pompeo gets subpoena in impeachment inquiryThree Democrats who chair key House committees on Friday wrote a letter to Secretary of State Mike Pompeo telling him that he is being issued a subpoena to compel him to produce documents by Oct. 4 related to the House's impeachment inquiry into President Donald Trump. The chairmen said in their letter that they first requested the documents from Pompeo on Sept. 9. "The committees are investigating the extent to which President Trump jeopardized national security by pressing Ukraine to interfere with our 2020 election and by withholding security assistance provided by Congress to help Ukraine counter Russian aggression," said Democrats Reps. Eliot L. Engel, Adam Schiff and Elijah Cummings in .
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