Boeing shares stumble after mid-flight blowout
Boeing shares fell more than 8% at one point while shares in its supplier Spirit Aerosystems dropped 11%.
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Microsoft’s OpenAI Investment Could Face EU Probe
Updated Jan. 9, 2024 8:12 am ET The European Union is considering whether to launch a review of Microsoft’s investment in ChatGPT maker OpenAI under the bloc’s merger regulations, a month after the U.K. said it was also weighing whether the tech partnership could have an impact on competition. The European Commission, the EU’s executive…
Boeing shares tumble after panel blows out midflight, FAA grounds dozens of 737 Maxes
Shares of Boeing tumbled 8% on Monday as investors digested the news that the Federal Aviation Administration had ordered airlines to ground dozens of Boeing 737 Max 9 aircraft for urgent inspections. The FAA issued the order on Saturday after a door plug blew out in the middle of an Alaska Airlines flight on Friday when the…
China sanctions five US defence firms over Taiwan arms sales
Taiwan is preparing to hold presidential and parliamentary elections on 13 January.
EBay to pay $3M after employees sent live spiders, cockroaches to couple
Online marketplace eBay has been ordered to cough up $3 million to resolve criminal charges related to a harassment campaign by employees who sent live spiders, cockroaches and other disturbing items to the home of a Massachusetts couple, according to court papers filed Thursday. The Justice Department charged eBay with four counts of corporate stalking — two through…
The U.S. Project Meant To Debut Revolutionary Nuclear Reactors Just Fell Apart
The project meant to debut small modular reactors, the technology the nuclear energy industry hopes will spur a renaissance of atomic power construction, collapsed Wednesday night amid mounting financial troubles. The NuScale Power Corporation based in Portland, Oregon, whose SMR design became the first in U.S. history to win the Nuclear Regulatory Commission’s approval last…
Walgreens to Pay Humana $360 Million to Settle Drug-Pricing Dispute
Walgreens Boots Alliance has agreed to pay $360 million to insurance company Humana to settle a lawsuit alleging the retail-pharmacy chain overcharged for prescription-drug reimbursements. Walgreens disclosed the settlement in a securities filing last week. The company said it had asked a federal court to vacate a previous award in Humana’s favor for $642 million….
