Updated Jan. 11, 2024 2:43 pm ET LONDON—Airbus, the world’s biggest plane maker, smashed its near-decade old record for the highest number of orders in a single year, as airlines scramble to secure the limited availability of new aircraft. The company said it had booked 2,319 gross orders last year, more than twice the number…
Comment on this storyComment Add to your saved stories Save As authorities probe Boeing’s safety protocols as part of their investigation into what went wrong with a flight that blew a hole midair last week, the role of a major supplier is also coming into focus: Spirit AeroSystems. The Kansas-based company, which is far less…
The hard seltzer company White Claw has sparked a social media frenzy after releasing a new 0% alcohol variety pack with a hefty price tag. The drinks come in four flavors — black cherry cranberry, mango passionfruit, peach orange blossom and lime yuzu — and are designed to replicate the taste of the original White Claw Hard…
The governors of New York and California announced sweeping plans to crack down on retail crime this week, as trade associations and police departments lobby for government action to curb theft. The plans include new legislation designed to increase the penalties for retail crime offenses and more funding for police departments and district attorney’s offices…
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…
Updated Jan. 11, 2024 3:19 pm ET EBay agreed to pay a $3 million criminal penalty after employees engaged in a harassment campaign against two bloggers for their coverage of the company, including mailing them live cockroaches and a fetal pig. The e-commerce giant was charged with two counts of stalking through interstate travel, two…
Morgan Stanley is close to an agreement to pay $200 million to $300 million to settle a US investigation into its employees’ handling of big stock sales, Bloomberg News reported on Thursday. The penalty, expected to be announced in the coming days, will be divided between the Justice Department and the Securities and Exchange Commission, the report said, citing people with knowledge of…
The rocky path of inflation back to the Federal Reserve’s 2% target rate reflected in the latest Consumer Price Index figures means that it is likely too soon for the central bank to cut its policy rate in March, Cleveland Fed President Loretta Mester said on Thursday. “I think March is probably too early in my estimation for…
The incident raises prospects of growing conflict in the Middle East, which could impact UK fuel prices.
Comment on this storyComment Add to your saved stories Save The Federal Aviation Administration said Thursday it is launching an investigation into whether aerospace giant Boeing followed rules to ensure that the aircraft it built were safe for operation. “Boeing may have failed to ensure its completed products conformed to its approved design and were…
