Category: Reuters
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Boeing expects 787 suppliers to catch up by year’s end, restoring output By Reuters
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Written by Alison Lambert (Reuters) – Boeing Co expects delayed suppliers to make up for parts that have slowed production of its 787 jetliner to less than five a month, as the U.S. planemaker works to restore production of two key commercial programs by the end of the year. Boeing…
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U.S. court rules against Booking.com in Ryanair screen-scraping case By Reuters
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DUBLIN (Reuters) – A U.S. court has ruled that Booking.com violated the Computer Fraud and Abuse Act by accessing part of Ryanair’s website without permission, court documents showed. The Irish airline, Europe’s largest by passenger numbers, said the ruling would help end unauthorised manipulation of passenger data by booking sites.…
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US to take ‘hard look’ at fighter project, top official says By Reuters
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By Tim Heffer FAIRFORD, England (Reuters) – The United States will closely examine its plans for the Next Generation Air Dominance platform – a future family of fighter jets and drones – before deciding whether to go ahead, U.S. Air Force Secretary Frank Kendall said on Saturday. The cost of…
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VP Harris hits fundraising trail amid ongoing calls for Biden to leave race By Reuters
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By Trevor Hunnicutt and Jeff Mason JOINT BASE CAPE COD, Massachusetts/REHOBOTH BEACH, Delaware (Reuters) – U.S. Vice President Kamala Harris will attend a fundraiser in Massachusetts on Saturday as President Joe Biden faces continued pressure from fellow Democrats and major donors to end his struggling campaign. Biden and his top…
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US FAA probes latest Southwest Airlines flight that posed safety issues By Reuters
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By David Shepardson The U.S. Federal Aviation Administration said Saturday it was investigating a Southwest Airlines plane that crashed after flying too low over Tampa Bay, Florida, the latest in a series of incidents that have raised safety questions. The Southwest Boeing 737 Max, which departed from Columbus, Ohio, on…
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Boeing to supply E-7 in first major win since plea deal By Reuters
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FAIRFORD, England (Reuters) – The U.S. Air Force said it had reached an agreement with Boeing Co to supply E-7 Wedgetail early warning and control aircraft, downplaying concerns that the company’s internal crisis could hurt its ability to supply the Pentagon. The interim deal includes rapid production of prototypes as…
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Bangladesh deploys army to face down massive job quota protests By Reuters
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Written by Sam Jahan and Sudipto Ganguly DHAKA (Reuters) – Soldiers patrolled the deserted streets of Bangladesh’s capital Dhaka on Saturday, setting up roadblocks during a curfew imposed in response to student-led protests against government job quotas that have killed at least 110 people this week. Internet and text messaging…
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US resumes taking F-35 after delays over software upgrade By Reuters
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FAIRFORD, England (Reuters) – The United States has resumed deliveries of F-35 jets with an interim upgrade after months of delays due to software delays and will withhold some payments until remaining upgrades are ready, senior officials said on Saturday. Lockheed Martin The company (NYSE:) and major suppliers have been…
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US resumes taking F-35 after delays over software upgrade By Reuters
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FAIRFORD, England (Reuters) – The United States has resumed deliveries of F-35 jets with an interim upgrade after months of delays due to software delays and will withhold some payments until remaining upgrades are ready, senior officials said on Saturday. Lockheed Martin The company (NYSE:) and major suppliers have been…
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Nippon Steel hires Mike Pompeo to advise on U.S. Steel deal By Reuters
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TOKYO (Reuters) – Japan’s largest steelmaker Nippon Steel Corp said on Saturday it has hired former U.S. Secretary of State Mike Pompeo to help in its efforts to acquire U.S. Steel. “We look forward to working with him to further emphasize the ways in which Nippon Steel’s acquisition of U.S.…
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Sheila Jackson Lee, strong Democratic voice in US Congress, has died, family says By Reuters
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(Reuters) – U.S. Representative Sheila Jackson Lee, a powerful progressive voice in the Democratic Party who was outspoken in advocating for African-American and women’s rights, has died, her family announced on Twitter late on Friday. Jackson Lee of Texas announced last month that she had been diagnosed with pancreatic cancer…
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CrowdStrike update that caused global outage likely skipped checks, experts say By Reuters
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Written by Ziba Siddiqui SAN FRANCISCO (Reuters) – A routine update by CrowdStrike Inc (NASDAQ: CST) to its widely used cybersecurity software that caused its clients’ computer systems to crash worldwide on Friday did not appear to have undergone adequate quality checks before it was deployed, security experts said. The…
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Exclusive-US-Japan Patriot missile production plan hits Boeing component roadblock By Reuters
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By Nobuhiro Kubo and Tim Kelly TOKYO (Reuters) – A U.S. plan to use Japanese factories to boost production of Patriot air defense missiles, used by Ukraine to defend against Russian attacks, has been delayed by a shortage of a vital component made by Boeing Co, four sources said. Japan’s…
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Investors count on earning to calm $900 billion US tech rout By Reuters
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By Louis Krauskopf NEW YORK (Reuters) – With earnings season in full swing, bullish investors are hoping strong corporate results will halt a slide in technology stocks that has slowed U.S. stocks this year. The S&P 500 technology sector has fallen about 6% in just over a week, losing about…
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Traders eye return to business as usual after cyber outage, issues remain By Reuters
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LONDON/NEW YORK (Reuters) – Trading returned to normal on Friday after a global technology outage that disrupted operations at financial firms from London to Singapore and New York, although some problems remained, including an outage at some JPMorgan Chase ATMs. A software update has wreaked havoc on computer systems worldwide,…
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U.S. FTC probes Hess, Occidental execs over OPEC communication, Bloomberg reports By Reuters
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(Reuters) – The U.S. Federal Trade Commission is investigating executives from major oil companies, including Hess Company U.S. energy companies Occidental Petroleum Corp. (NYSE:O) and Diamondback Energy Inc. (NASDAQ:D) will be investigated over their contacts with OPEC officials, Bloomberg News reported on Friday, citing people familiar with the matter. The…
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Oracle reaches $115 million consumer privacy settlement By Reuters
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By Jonathan Stempel (Reuters) – Oracle Corp has agreed to pay $115 million to settle a lawsuit accusing the database and cloud computing software company of invading people’s privacy by collecting their personal information and selling it to third parties. A preliminary settlement of the proposed class action lawsuit was…
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Major U.S. carriers including American, UAL ground flights citing comms issue By Reuters
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Microsoft said early Friday that an outage of its cloud services in the central United States had been resolved after it led to the grounding and cancellation of several flights. Low-cost carriers Frontier Airlines, a unit of Frontier Holdings, Allegiant and Sun Country, have reported disruptions that have affected operations.…
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Lift maker Schindler’s orders slip in Q2, weighed by China By Reuters
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By Louis van Boxel Wolff and Bartosz Dabrowski (Reuters) – Swiss elevator and escalator maker Schindler reported a slight drop in orders in the second quarter on Friday as a slowdown in China’s construction market weighed on new installations. The company’s orders came in at CHF2.98 billion ($3.35 billion) in…