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The Flawed Inspection Process Under Scrutiny in Boeing 777 Engine Failures

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    Watch Chinese Astronauts' First Spacewalk Outside New Space Station Watch Chinese Astronauts' First Spacewalk Outside New Space Station 0:53
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10:30 a.m. Sept. 15, 2021 - By Victor Reklaitis
Biden to announce deal with U.K., Australia on sharing defense technology: reportsPresident Joe Biden on Wednesday will announce a new effort with the U.K. and Australia to share advanced defense technologies in a bid to counter China, according to reports from and . The White House said Biden is due to speak at 5 p.m. Eastern on a "national security initiative," and he will be joined virtually by U.K. Prime Minister Boris Johnson and Australian Prime Minister Scott Morrison.
10:07 a.m. Sept. 15, 2021 - By Victor Reklaitis
Biden says he has 'great confidence' in Milley after book's revelationsPresident Joe Biden told reporters Wednesday that he had "great confidence" in Chairman of the Joint Chiefs of Staff Mark Milley, with Biden's comments coming after a new book said Milley took two days after the Jan. 6 attack on the U.S. Capitol to limit then-President Donald Trump from potentially launching nuclear weapons. The book also says that the two nations would not go to war.
10:00 a.m. Sept. 7, 2021 - By Victor Reklaitis
White House pushes Congress to pass stopgap budget with disaster aidThe Biden administration on Tuesday said U.S. lawmakers should pass a funding measure that would prevent a partial federal government shutdown as the 2022 fiscal year starts next month. The White House budget office's acting director, Shalanda Young, said in a blog post that "with the end of the fiscal year rapidly approaching, it's clear that Congress will need to pass a short-term continuing resolution (CR) to provide more time for the FY 2022 process to unfold." She said the administration is providing guidance to "advise lawmakers on how to avoid severe disruptions to public services that could inadvertently arise from extending the previous year's appropriations legislation without modifications." It's "also calling on Congress to include additional funding in a CR to help address two other urgent needs: responding to recent and ongoing natural disasters, and meeting our commitments to our Afghan allies and partners," Young added. She said Congress should appropriate more than $14 billion to address natural disasters that occurred before Hurricane Ida, and Ida has increased the need for funding by at least $10 billion.
12:45 p.m. Aug. 30, 2021 - By Robert Schroeder
U.S. military announces completion of withdrawal from Afghanistan The last plane carrying U.S. troops has left Afghanistan, according to the commander of U.S. Central Command, Gen. Kenneth McKenzie. "I'm here to announce the completion of our withdrawal from Afghanistan," McKenzie told a Pentagon briefing. He said the last plane left Kabul about an hour ago. President Joe Biden had set an Aug. 31 withdrawal deadline.
9:14 a.m. Aug. 26, 2021 - By Robert Schroeder
Four U.S. Marines reportedly killed in Kabul airport explosionFour U.S. Marines were killed in an explosion at Kabul's airport and three wounded, the Wall Street Journal and other outlets Thursday, citing U.S. officials. Two explosions ripped through crowds of Afghans trying to enter the airport on Thursday. Pentagon spokesman John Kirby that "a number of U.S. service members were killed" in the attack but did not provide more specifics. President Joe Biden is getting regular updates on the situation after meeting with his national security team.
5:59 a.m. Aug. 26, 2021 - By Robert Schroeder
Pentagon says explosion occurred outside Kabul airportAn explosion has occurred outside the airport in Kabul, Afghanistan, Pentagon press secretary John Kirby said in a tweet Thursday morning. President Joe Biden has reportedly been briefed on the blast, and is meeting his national security team on Afghanistan. Kirby said casualties were "unclear at this time" and that extra details would be provided when the Pentagon can give them. Biden is sticking to a Tuesday deadline to withdraw from Afghanistan.
7:48 a.m. Aug. 24, 2021 - By Robert Schroeder
Biden sticking with Aug. 31 Afghanistan withdrawal: reports President Joe Biden has decided to keep an Aug. 31 deadline to withdraw from Afghanistan, reports said Tuesday. Biden's decision comes after a meeting with fellow Group of Seven leaders. The leaders were expected to press Biden to keep U.S. troops in the country past the 31st to allow more time to evacuate those who want to leave.
7:10 a.m. Aug. 16, 2021 - By Victor Reklaitis
Biden to give speech on Afghanistan on Monday afternoonPresident Joe Biden will give a speech on Afghanistan at 3:45 p.m. Eastern Monday, the White House said in a statement. His remarks come as the Taliban have swept into Kabul, bringing a in which the U.S. and its allies had tried to transform Afghanistan.
4:57 a.m. June 1, 2021 - By Tomi Kilgore
Boeing stock rallies to pace the Dow's early gainers, after Cowen turns bullishShaers of Boeing Co. rallied 2.0%, enough to pace the Dow Jones Industrial Average's premarket gainers, after Cowen analyst Cai von Rumohr turned bullish on the aerospace and defense giant, citing improving air traffic and a brighter outlook regarding regulatory oversight. Von Rumohr raised his rating on Boeing to outperform, after being at market perform since January 2020, while boosting her price target to $290 from $240. Von Rumohr said "fast improving air traffic" is bolstering demand for Boeing aircraft, and while lingering oversight from the Federal Aviation Administration and the timing of approval of Boeing's MAX planes in China will limit the upside to 2021 financial results, he believes the outlook for the next three years is brighter. He said Boeing's second-quarter results could "miss" expectations, given the China approval delay, but he doesn't believe it's in the U.S. or China's interest to hold trade hostage, so he doesn't see the situation as a long-term overhang. The stock's implied price gain would add about 32 points to the Dow's price, while Dow futures gained 251 points, or 0.7%.
10:54 a.m. May 6, 2021 - By Robert Schroeder
Biden team reportedly likely to proceed with Trump's China investment banPresident Joe Biden's administration is likely to keep limits on U.S. investments in certain Chinese companies imposed under former President Donald Trump, according to on Thursday. The report said Biden administration officials are still in preliminary talks about Trump-era investment bans on companies linked to China's military. No decisions have been made, said the report, which cited six people familiar with the matter.
8:30 a.m. March 30, 2021 - By Victor Reklaitis
Biden rolls out additional responses to anti-Asian violencePresident Joe Biden is making additional moves to respond to this month's and other recent anti-Asian violence, the White House said Tuesday in a statement. The moves include expanding the mandate for a White House Initiative on Asian Americans and Pacific Islanders in order to combat anti-Asian bias and violence, as well as boosting funding for AAPI survivors of domestic violence and sexual assault, with the Department of Health and Human Services allocating $49.5 million from the American Rescue Plan to a new grant program. In addition, the moves include establishing a new COVID-19 Equity Task Force committee and setting up a Department of Justice initiative to address anti-Asian violence.
4:25 a.m. March 22, 2021 - By Tomi Kilgore
Cubic stock jumps into record territory after receiving potentially 'superior' buyout bidShares of Cubic Corp. shot up 10.5% into record territory in premarket trading Monday, after the defense contractor said it received an unsolicited buyout bid for $76 a share from Singapore Technologies Engineering Ltd. (STE) , which implies a market capitalization for Cubic of $2.42 billion. The per-share bid represents a 9.0% premium to Friday's closing price of $69.70. Cubic said it expects to determine STE's bid to be a "superior proposal" to the current buyout agreement for $70 a share in cash reached with affiliates of Veritas Capital and Elliott Investment Management . Cubic said the merger agreement with Veritas and Elliott "remains in full force and effect," but Cubic said it will engage in talks with STE to evaluate the merits and risks of the proposed deal. Under terms of the deal with Veritas and Elliott, Cubic would have to pay a termination fee of $45.5 million. The stock, which is on track to open above the Aug. 28, 2018 record close of $76.85, has run up 18.4% over the past three months, while the S&P 500 has gained 6.1%.
8:44 a.m. March 18, 2021 - By Victor Reklaitis
Biden, Harris switch focus of Friday's Georgia trip to meeting with Asian-AmericansPresident Joe Biden and Vice President Kamala Harris have switched the focus of their Friday trip to Georgia, after initially planning to take part in an event highlighting the American Rescue Plan, the White House said in a statement on Thursday. "Given the tragedy in Georgia on Tuesday night, President Biden and Vice President Harris will postpone the evening political event in Georgia for a future date," the statement said, referring to the at three Atlanta-area massage parlors in an attack that sent terror through the Asian-American community. "During their trip to Atlanta, they will instead meet with Asian-American leaders to discuss the ongoing attacks and threats against the community, meet with other local leaders, and also visit the Centers for Disease Control to receive an update from the team of health and medical experts helping lead the fight against the pandemic."
1:08 a.m. Feb. 16, 2021 - By Steve Goldstein
China weighs limiting rare-earth exports: reportChina is exploring limiting rare-earth mineral exports that are crucial to the manufacturing of F-35 fighter jets, , citing people involved in a government consultation. The report said the Lockheed Martin-made aircraft require 417 kilograms of rare-earth materials.
11:59 a.m. Feb. 10, 2021 - By Robert Schroeder
Biden launches Pentagon review of U.S.'s China strategyPresident Joe Biden on Wednesday announced a Pentagon review of the U.S.'s strategy for China and national security, in a move he said would help meet the "challenge" posed by Beijing. Speaking at the Pentagon, Biden said a new task force would look at U.S. "strategy and operational concepts, technology and force posture." Last week, to "confront China's economic abuses," though he said the U.S. stands ready "to work with Beijing when it's in America's interest to do so."
9:41 a.m. Nov. 16, 2020 - By Paul Brandus
China, with Asia trade deal, turns up the heat on the U.S. Competition — and wariness — between the world’s two largest economies ramps up after the U.S. presidential election Competition — and wariness — between the world’s two largest economies ramps up after the U.S. presidential election.
11:29 a.m. Nov. 9, 2020 - By Vitaliy Katsenelson
U.S.-China cold war over technology has this investing pro buying up defense stocks Icy relations between two superpowers could deteriorate even further, affecting investorsIcy relations between two superpowers could deteriorate even further, affecting investors, writes Vitaliy Katsenelson.
8:13 a.m. Oct. 20, 2020 - By Paul Brandus
Biden and Trump agree on this one key part of foreign policy Joe Biden’s stance has toughened since he supported China’s entry into the World Trade Organization two decades ago. Trump has been hammering the Asian nation for yearsJoe Biden’s stance has toughened since he supported China’s entry into the World Trade Organization two decades ago. Trump has been hammering the Asian nation for years.
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