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Why the Agency That Regulates Boeing Is Under Scrutiny

  • Why the Agency That Regulates Boeing Is Under Scrutiny Why the Agency That Regulates Boeing Is Under Scrutiny 8:58
    China Puts Further Pressure on Boeing Amid Its 737 MAX Woes China Puts Further Pressure on Boeing Amid Its 737 MAX Woes 2:34
    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
11:53 a.m. Aug. 20, 2019 - By Michael Brush
Your guide to the stock market’s scratch ’n’ dent bin — from a pro who shops there to beat the competition Consider Boeing, Tyson, AIG and Edison InternationalLook at Boeing, Tyson, AIG and Edison International.
12:33 p.m. Aug. 17, 2019 - By Jurica Dujmovic
SpaceX is staking its future on this one rocket as it prepares for Mars The Big Falcon Rocket is the culmination of years of work. And SpaceX plans for its Starship to be a cornerstone of Mars colonizationThe Big Falcon Rocket is the culmination of years of work. And SpaceX plans for its Starship to be a cornerstone of Mars colonization.
6:51 a.m. Aug. 17, 2019 - By Chris Matthews
These 10 ‘grey swan’ events could conspire to imperil global economy and markets With all eyes on U.S.-China trade, these macro risks are underexaminedEven as high-probability risks capture the minds of investors, there is a growing combination of lower-probability risks, that could create even more heartburn for investors as the third quarter draws to a close.
5:32 a.m. Aug. 17, 2019 - By Tonya Garcia
Walmart CEO calls for discussion on reauthorizing the ban on assault rifles Walmart is not one of the top three gun sellers in the country, CEO McMillon said, and has about 20% share of the ammunition marketDoug McMillion, Walmart’s chief executive, addressed gun policy in his remarks about the retail giant’s quarterly earnings.
7:29 a.m. Aug. 16, 2019 - Associated Press
Man who lost lone family member, his wife, in El Paso mass shooting invites all to Friday funeral Overflow crowd expected“He felt like he was going to kind of just be by himself with this whole thing but it’s not so — it’s going to be amazing,” Perches Funeral Homes director Harrison Johnson told the Associated Press on Thursday.
4:47 a.m. Aug. 16, 2019 - Associated Press
New York police: Suspicious devices at Fulton Street subway station aren’t explosiveTwo suspicious objects that prompted an evacuation of a major lower Manhattan subway station during the morning commute Friday are not explosives, police said.
3:47 p.m. Aug. 15, 2019 - Associated Press
Virgin Galactic unveils its New Mexico base for space tourism Test flights still needed before first commercial flights beginSpaceport America is no longer just a shiny shell of hope that space tourism would one day launch from this remote spot in the New Mexico desert.
9:18 a.m. Aug. 15, 2019 - Associated Press
Netanyahu government bars Israel trip by U.S. Reps. Ilhan Omar and Rashida Tlaib Tlaib’s family immigrated to the U.S. from the West BankJust minutes after President Donald Trump tweeted that Israel should bar a planned visit by Democratic Reps. Ilhan Omar and Rashida Tlaib, Israel’s deputy foreign minister said the government has decided not to admit the congresswomen to the country for an upcoming conference.
7:09 a.m. Aug. 15, 2019 - By Greg Robb
Empire State, Philly Fed indexes hold steady in August New York inches up to 4.8, Philadephia index falls slightly to 16.8Two gauges on manufacturing sentiment generally held steady in August, defying expectations.
6:38 a.m. Aug. 15, 2019 - By Greg Robb
U.S. industrial production slumps in July Manufacturing alone down 0.4%, lagging the overall economyU.S. industrial production slumped in July, the Federal Reserve said Thursday.
2:11 p.m. Aug. 13, 2019 - Associated Press
Norwegian Air cutting some trans-Atlantic routes due to 737 Max grounding Flights between Ireland, 3 airports in U.S. and Canada to end in SeptemberNorwegian Air says it’s ending trans-Atlantic service between Ireland and three U.S. and Canadian airports because the grounding of Boeing 737 Max aircraft makes the routes “no longer commercially viable.”
8:33 a.m. Aug. 12, 2019 - Associated Press
State Department hiring freeze under Trump harms morale and capacity to perform core functions: internal watchdog Inspector general’s report unable to assess whether the freeze saved moneyA 2017 Trump administration hiring freeze at the State Department had devastating effects, hurting core functions such as providing services to U.S. citizens abroad and protecting embassies, the agency’s internal watchdog said Friday.
7:26 a.m. Aug. 12, 2019 - By Catey Hill
‘Why go back to the U.S.?’ This divorced retiree left L.A. for Mexico — where he found love and halved his cost of living The costs, health care, safety and lifestyle in the central Mexican city QuerétaroThe costs, health care, safety and lifestyle in Queretaro, Mexico.
8:03 a.m. Aug. 9, 2019 - By Andrea Riquier
Industrial ETFs take it on the chin Friday as trade tensions heat upExchange-traded funds with exposure to industrial company stocks slid on Friday after President Trump suggested he might cancel trade talks scheduled for September. The Vanguard Industrials ETF was down 1.40% midday, while the SPDR S&P Aerospace and Defense fund lost more than 1.7%. Industrial stocks like Caterpillar and Lockheed Martin Corporation also lurched lower on Friday. Both funds are up handily so far this year, however: VIS has gained nearly 18%, and XAR is up 33%, beating the 12% gain on the Dow Jones Industrial Average and the 16% rise in the S&P 500 .
4:09 a.m. Aug. 9, 2019 - By Ciara Linnane
Wesco Aircraft shares soar 6.3% on news to be acquired by Platinum Equity in $1.9 billion dealWesco Aircraft Holdings Inc. shares rose 6.3% in premarket trade Friday, after the provider of supply chain management services to the aerospace industry said it has agreed to be acquired by a unit of Platinum Equity in a deal valued at about $1.9 billion. Wesco shares will receive $11.05 a share in cash, for a premium of about 27.5% over the 90-day volume weighted average share price for the period ended May 24, the last trading day before media speculation of a possible deal. Once the deal closes, expected by year-end, the company will be combined with Platinum Equity's portfolio company Pattonair, which also provides supply chain management services to the aerospace industry in the U.K. The deal will be financed with a mix of equity financing from units of Platinum Equity Capital and debt financing from BofA Merrill Lunch. Shares have gained 30% in 2019, while the S&P 500 has gained 17%.
3:11 a.m. Aug. 9, 2019 - By Tomi Kilgore
Vista Outdoor’s stock plunges to record low as firearms sales were ‘terrible’ Results miss expectations and outlook is lowered as demand fails to stabilize, tariff headwinds set to increaseShares of Vista Outdoor Inc. took a dive to a record low Thursday, as a “frankly terrible” firearms market led to disappointing fiscal first-quarter results and a lowered full-year outlook, dashing hopes that demand was finally stabilizing.
8:45 a.m. Aug. 6, 2019 - By Nicole Lyn Pesce
A New York Times column says Walmart’s CEO has a ‘moral responsibility’ to curb gun violence after El Paso and Dayton shootings A corporate Walmart employee also urged workers to go on strike Tuesday to pressure the retailer to stop selling gunsA corporate Walmart employee also urged workers to go on strike Tuesday to pressure the retailer to stop selling guns.
10:56 a.m. Aug. 5, 2019 - By Robert Schroeder
Trump contends China is manipulating currency and says U.S. must condemn white supremacy with ‘one voice’ Trump suggests pairing gun and immigration legislationPresident Donald Trump on Monday called for action in the wake of the deadly weekend shootings in Ohio and Texas and said China was manipulating its currency as markets plummeted.
9:06 a.m. Aug. 5, 2019 - By Shawn Langlois
Trump asks God’s blessing on shooting victims in ... Toledo Joe Biden also bungled the locations of the weekend’s mass shootingsTrump’s prepared speech mistakenly referred to Toledo, not Dayton, as the location of one of the two deadly mass shootings over the weekend. Joe Biden didn’t get it right either.
8:21 a.m. Aug. 5, 2019 - By Tomi Kilgore
Gun stocks surge after President Trump tweets about tightening regulations Stock rallies buck the selloff in the broader stock market, as fears of stronger background checks overshadow trade-war concernsShares of shooting sports companies surged Monday, bucking the sharp selloff in the broader stock market, after President Trump tweeted about pushing for stronger background checks for gun buyers in the wake of the tragic events over the weekend.
4:42 a.m. Aug. 5, 2019 - By Paul Brandus
Gun industry’s woes are accelerating on Trump’s watch Even as U.S. stocks trade near all-time highs, one industry has taken it on the chin in the Trump era: gun manufacturers.
7:27 a.m. Aug. 4, 2019 - By Dennis Friedman
10 things I wish I knew about retirement before I retired Unexpected events and expenses can derail the best-laid plans Unexpected events and expenses can derail the best-laid plans
6:08 a.m. Aug. 4, 2019 - Associated Press
El Paso native Beto O’Rourke at fore as Democrats call for gun control after mall shooting As death count hits 20, police investigate possibility the shooting was a hate crime; 21-year-old suspect Patrick Crusius had reportedly referenced racial ‘replacement theory’ As death count hits 20, police investigate possibility the shooting was a hate crime: 21-year-old suspect Patrick Crusius had reportedly referenced racial ‘replacement theory.’
6:00 a.m. Aug. 4, 2019 - Associated Press
Dayton mayor says quick police action kept bar shooting’s death toll from reaching ‘hundreds’ Alleged gunman carrying a .223-caliber rifle and additional high-capacity magazines shot to death by police at sceneAlleged gunman carrying a .223-caliber rifle and additional high-capacity magazines shot to death by police at scene.
8:00 a.m. Aug. 3, 2019 - By Barbara Kollmeyer
The Fed can’t stop a market meltdown, warns forecaster who called the 2008 housing bust Critical information for the U.S. trading dayExpectations over the Fed’s ability to fix all that ails the economy and markets may be running a little too hot, warns our call of the day, from James Stack, president of Stack Financial Management and owner of InvesTech Research.
9:17 a.m. Aug. 2, 2019 - By Victor Reklaitis
Trump signs spending and debt bill into lawPresident Donald Trump on Friday signed into law a bill that raises federal spending and at the same time lift the government's borrowing limit, the White House said. was the result of weeks of negotiations between Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi. It suspends the debt ceiling until the end of July 2021 and sets spending levels roughly $320 billion above limits set in a 2011 law.
5:52 a.m. Aug. 2, 2019 - By Ciara Linnane
Navigant Consulting shares up 16% after it says it is being taken private in $1.1 billion dealShares of Navigant Consulting Inc. climbed 16% Friday, after the company said it has agreed to be acquired by Veritas Capital portfolio company Guidehouse in a deal valued at about $1.1 billion. Navigant shareholders will receive $28 in cash per share, for a 16% premium over the stock's closing price on Aug. 1, the last trading day before the announcement, and 26% over its 90-day volume-weighted average share price. The deal is expected to close in the fourth quarter. "The newly combined entity will bring together each organization's strong expertise in highly regulated industries across both the commercial and government sectors, with a focus on supporting client needs in the industries of Healthcare, Financial Services, Energy, National Security, and Aerospace & Defense," the company said in a statement. Navigant shares are up 12% in the last 12 months, while the S&P 500 has gained 4%.
3:24 a.m. Aug. 2, 2019 - Associated Press
U.S.-Russia nuclear arms control treaty dies; U.S. to test new weaponThe United States plans to test a new missile in coming weeks that would have been prohibited under a landmark, 32-year-old arms control treaty that the U.S. and Russia ripped up on Friday.
9:11 a.m. Aug. 1, 2019 - By Andrew Duehren
Spending deal clears Senate, set to get Trump’s signature Legislation passes in 67-28 vote, with more Democrats backing it than RepublicansA two-year agreement to raise federal spending and at the same time lift the government’s borrowing limit will go to the president’s desk after it passed the Senate with more Democrats voting for it than Republicans.
2:40 a.m. Aug. 1, 2019 - Associated Press
North Korea says it tested crucial new rocket launch systemNorth Korea said Thursday leader Kim Jong Un supervised the first test firing of a new multiple rocket launcher system that could potentially enhance its ability to strike targets in South Korea and U.S. military bases there.
1:22 p.m. July 31, 2019 - By Max A. Cherney
Gun maker Sturm Ruger stock falls after revenue slidesSturm, Ruger & Co. Inc. shares fell 8.4% in the extended session Wednesday after the company reported declining year-over-year sales for the second quarter. The gun maker reported second-quarter net income of $6.2 million, or 35 cents a share, compared with $15.2 million, or 86 cents a share, in the year-ago period. Revenue fell to $96.3 million from $128.4 million in the year-ago period. According to FactSet, no analysts cover the company. Sturm Ruger stock has gained 6% this year, with the S&P 500 index rising 20.2%.
10:34 a.m. July 31, 2019 - By Tomi Kilgore
Apple's stock adds nearly 130 points to Dow's price in July, Boeing cuts about 115 pointsApple Inc.'s 3.9% stock surge Wednesday on the back of the technology giant's came just in time to lift into first place as the top Dow Jones Industrial Average performer this month, both in price and percentage gains. The stock rose $19.00, or 9.6%, in July. That added about 129 points to the Dow's price, which increased by 555 points this month. The next biggest contributors to the Dow's gain were shares of Goldman Sachs Group Inc. , which rose $15.81, or 7.7%, to add 107 points to the Dow, followed by International Business Machines Corp. , which hiked up $11.20, or 8.1%, to add 76 points to the Dow. Meanwhile, Boeing Co.'s stock was the biggest drag, as it fell $16.90, or 4.6%, to shave about 115 points off the Dow.
6:17 a.m. July 31, 2019 - By Greg Robb
Chicago PMI shows broad weakness in July Chicago business barometer drops to 44.4, lowest level since Dec. 2015The Chicago PMI business barometer fell sharply in July, falling to 44.4 from 49.7 in June, its lowest level since December 2015, according to MNI Indicators said Wednesday.
3:37 a.m. July 31, 2019 - By Andrew Tangel
FAA found high risk of additional cockpit emergencies after first Boeing MAX crash Regulators found it ‘didn’t take that much’ for a malfunction like the one confronted by the plane’s pilotsAn internal risk analysis after the first of two Boeing 737 MAX airliner crashes showed the likelihood was high of a similar cockpit emergency within months, according to a Federal Aviation Administration official familiar with the details and others briefed on the matter.
1:00 p.m. July 30, 2019 - By Sunny Oh
Global U.S. companies see strong earnings so far—once you rule out Boeing Companies that receive 50% of revenues from abroad saw earnings grow by 7.5% in the second-quarterAmerican multinational companies, excluding Boeing, are posting strong earnings growth in the second-quarter, says BAML.
2:28 a.m. July 30, 2019 - By Steve Goldstein
Air Canada to keep Boeing 737 Max out of schedule until at least 2020Air Canada said it will be removing the grounded Boeing 737 MAX from its schedule until at least Jan. 2020, though it held out the prospect of returning the plane to its fleet earlier as a replacement or backups. Third-quarter capacity is projected to fall 2% instead of rising by 3% as planned. Air Canada also said that it swung to a second-quarter profit of $343 million, or $1.26 a share, and a rise in EBITDA to $916 million from $739 million.
3:55 p.m. July 29, 2019 - Associated Press
Senate fails to override Trump’s veto on Saudi arms sale Meanwhile, House report reveals Trump friend Tom Barrack sought job in administration as he lobbied for Saudi nuclear planThe Senate failed Monday in a bid to override a trio of vetoes issued by President Donald Trump, allowing the administration to move forward with plans to sell billions of dollars of weapons to Saudi Arabia and the United Arab Emirates.
12:42 p.m. July 29, 2019 - By Chris Matthews
Dow logs small gain but S&P 500, Nasdaq retreat from records ahead of Fed meeting Pfizer and Mylan announce off-patent drug combinationStocks finish mixed on Monday, with declines in the financials and communication-discretionary sector preventing the S&P 500 and Nasdaq from scoring fresh record closes.
7:37 a.m. July 29, 2019 - By Ciara Linnane
S&P downgrades Parker Hannifin by one notch to A-minus after latest aerospace dealS&P Global Ratings downgraded Parker Hannifin's raing by one notch to A-minus on Monday, after the company announced plans to acquire Exotic Metals Forming Co. for $1.725 billion in cash. Exotic Metals makes components for engine and airframe systems. The deal comes after another aerospace play, the debt-funded acquisition of Lord Corp. for about $3.7 billion. S&P said the outlook is negative, because of the high debt leverage and the company's more aggressive financial policy. The agency is expecting leverage to increase to a mid-three times range by September and decline to about 3 times by the end of fiscal 2020 next June. Shares were down 0.8%.
3:11 a.m. July 29, 2019 - By Ciara Linnane
Parker Hannifin to acquire Exotic Metals in cash deal valued at about $1.56 billionParker Hannifin Corp. said Monday it has agreed to acquire Exotic Metals Forming Co. in a deal valued at a net $1.56 billion. Parker Hannifin makes equipment for the industrial and aerospace markets, while Exotic Metals is a privately held company based in Kent, Washington that specializes in making hard-metal fabrications for the aerospace and defense sector. The company has expected annual sales of about $450 million and employes 1,600 workers across three U.S. locations. The deal is expected to close in the next two to three months and to boost EBITDA margins, EPS and cash flow after accounting for one-time costs. "Exotic will significantly bolster our already strong aerospace offering with complementary products for performance-critical applications," Parker Hannifin Chief Executive Tom Williams said in a statement. The company will finance the deal with new debt. Shares were not yet active premarket, but have gained 17.3% in 2019, while the S&P 500 has gained 20.7%.
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