Friday, 7 Aug 2020

Company News

U.S. FAA proposes requiring key Boeing 737 MAX design changes

WASHINGTON (Reuters) – The Federal Aviation Administration said on Monday it is proposing requiring four key Boeing 737 MAX design changes to address safety issues seen in two crashes that killed 346 people and led to the plane’s grounding in March 2019. The agency is issuing a proposed airworthiness directive to require updated flight-control software, […]

Dollar, equities gain on upbeat manufacturing data

NEW YORK (Reuters) – The dollar rallied and equity markets rose on Monday as investors welcomed upbeat manufacturing data from around the world and as Microsoft’s pursuit of TikTok’s U.S. operations and other deals bolstered investor sentiment. Gold prices retreated from a record high after some profit-taking and the dollar’s strengthening, though concerns about the […]

Japan boosts rescue efforts as it warns of more rain in flood-hit areas

TOKYO (Reuters) – Japan on Tuesday warned of more heavy rain on the southwestern island of Kyushu and bolstered rescue operations as the death toll in flood-hit areas reached at least 50 and about a dozen people were reported missing. The government said it would double rescue and relief personnel as heavy rain destroyed homes […]

Nike plans to cut jobs in digital push

(Reuters) – Nike Inc (NKE.N) on Friday warned of job cuts as the world’s largest footwear maker ramps up efforts to sell directly to customers through its online and retail channels. The planned layoffs come after the company on Thursday reported a $790 million quarterly net loss, its first in more the two years, as […]