• Associated Press

    Boeing executives meet with head of FAA over grounded plane

    Two top Boeing executives met Thursday with Federal Aviation Administration chief Stephen Dickson amid signs of further delays in the return of the grounded 737 Max. In an email to key congressional committees, the FAA said Dickson is instructing agency safety experts to take as long as they need to review changes Boeing is making to the plane after two fatal crashes. Boeing, meanwhile, struck an upbeat tone in describing the meeting.

  • Associated Press

    American Airlines doesn't see Boeing Max flights until April

    American Airlines is pushing back the return of its Boeing 737 Max planes another month, removing the plane from its schedule until April 7. American said Thursday that it based the decision on the latest guidance from the Federal Aviation Administration, the Transportation Department and Boeing. American CEO Doug Parker has said Boeing, not American, will shoulder the cost of those cancellations.

  • AMZN Stock: What to Know About Amazon Heading into 2020
    Zacks

    AMZN Stock: What to Know About Amazon Heading into 2020

    Shares of Amazon (AMZN) have slipped 6% in the past six months, while the S&P 500 climbed 9%. So when will Wall Street and investors start to think about buying Amazon stock again?

  • ETFs in Focus on Dull 2020 Subscriber Outlook for Netflix
    Zacks

    ETFs in Focus on Dull 2020 Subscriber Outlook for Netflix

    Intensifying video streaming wars lead analysts to expect dull subscriber addition for Netflix through 2020.

  • Home Depot (HD) Stock Takes a Hit on Soft Fiscal 2020 View
    Zacks

    Home Depot (HD) Stock Takes a Hit on Soft Fiscal 2020 View

    Home Depot (HD) provides an update on One Home Depot Plan and outlines view for fiscal 2020.

  • Exclusive: Boeing delays plans for record 737 production until 2021 - sources
    Reuters

    Exclusive: Boeing delays plans for record 737 production until 2021 - sources

    SEATTLE/PARIS (Reuters) - Boeing Co has delayed plans to reach a record production rate of 57 737 jets per month next year, industry sources said on Thursday, even before the U.S. FAA announced a new delay in the 737 MAX's return to service which raised uncertainty over production plans. The U.S. Federal Aviation Administration said on Wednesday that the agency will not approve the grounded commercial jet for flight before year end, and said it was investigating production issues at the Boeing factory in Renton, Washington. FAA chief Steve Dickson, who met with Boeing Chief Executive Dennis Muilenburg on Thursday, is concerned that the U.S. airplane maker is pursuing a 737 MAX return-to-service schedule that is "not realistic," according to an email seen by Reuters.

  • Top Analyst Reports for Alibaba, Disney & Morgan Stanley
    Zacks

    Top Analyst Reports for Alibaba, Disney & Morgan Stanley

    Top Analyst Reports for Alibaba, Disney & Morgan Stanley

  • Boeing scuttles 2019 timeline for 737 MAX return after CEO meets with U.S. FAA
    Reuters

    Boeing scuttles 2019 timeline for 737 MAX return after CEO meets with U.S. FAA

    Boeing Co on Thursday abandoned its goal of winning approval this month from the Federal Aviation Administration to unground the 737 MAX after Chief Executive Dennis Muilenburg met with senior U.S. aviation officials. The announcement came after a congressional hearing on Wednesday in which numerous lawmakers prodded the FAA to take a tougher line with Boeing as it continues to review the plane that has been grounded since March after two fatal crashes in Indonesia and Ethiopia that killed 346 people. FAA Administrator Steve Dickson said on Wednesday he would not clear the plane to fly before 2020 and disclosed the agency has an ongoing investigation into 737 production issues in Renton, Washington.

  • Zacks Industry Outlook Highlights: Intel, NVIDIA and STMicroelectronics
    Zacks

    Zacks Industry Outlook Highlights: Intel, NVIDIA and STMicroelectronics

    Zacks Industry Outlook Highlights: Intel, NVIDIA and STMicroelectronics

  • Is Walmart (WMT) Outperforming Other Retail-Wholesale Stocks This Year?
    Zacks

    Is Walmart (WMT) Outperforming Other Retail-Wholesale Stocks This Year?

    Is (WMT) Outperforming Other Retail-Wholesale Stocks This Year?

  • Southwest reaches partial compensation agreement with Boeing for MAX damages
    Reuters

    Southwest reaches partial compensation agreement with Boeing for MAX damages

    NEW YORK/WASHINGTON (Reuters) - Southwest Airlines Co said on Thursday it had reached a confidential compensation agreement with Boeing Co for a portion of projected financial damages arising from the grounding of its 737 MAX aircraft. The airline, the world's largest 737 MAX operator, also said it would share with its employees proceeds of about $125 million from Boeing. Southwest said it continues to engage in talks with Boeing for further compensation related to the MAX grounding, adding that the details of the talks and the settlement were confidential.

  • ETFs to Make the Most of Disney+ Growth Story
    Zacks

    ETFs to Make the Most of Disney+ Growth Story

    Given the huge success of Disney's streaming service, investors could tap the opportune moment with consumer ETFs having the largest exposure to this global media and entertainment company.

  • Investing.com

    Stocks - Wall Street Hits New Highs on Trade Deal Reports

    Investing.com - The major stock indexes urged to new intraday highs, and the S&P; 500 and Nasdaq Composite indices closed at new records on reports that the United States and China have "an agreement in principle" on a phase one trade deal.

  • AFP

    Southwest, Boeing agree on compensation over 737 MAX

    Southwest Airlines said Thursday it reached a settlement with Boeing to provide compensation for losses tied to the grounding of 737 MAX jets nine months ago. The US airline also said it would share $125 million in profits with employees including pilots next year, though it did not disclose details of the amount or nature of compensation. The 737 MAX has been grounded since mid-March following two deadly crashes that left 346 people dead.

  • Stock Market News for Dec 12, 2019
    Zacks

    Stock Market News for Dec 12, 2019

    Benchmarks ended a two-day losing streak on Wednesday after the Federal Reserve announced plans to hold interest rates steady.

  • Netflix's Streaming Dominance Challenged by Disney & Apple
    Zacks

    Netflix's Streaming Dominance Challenged by Disney & Apple

    Netflix (NFLX) is facing significant challenges from Apple and Disney in the streaming space.

  • Best Buy Hits New 52-Week High: Will the Uptrend Continue?
    Zacks

    Best Buy Hits New 52-Week High: Will the Uptrend Continue?

    Best Buy's (BBY) Building the New Blue: Chapter Two plan and buyouts are likely to keep its momentum alive in the near future. Also, a raised view for fiscal 2020 bodes well.

  • Broadcom Develops Automation.ai to Support AIOps Growth
    Zacks

    Broadcom Develops Automation.ai to Support AIOps Growth

    Broadcom's (AVGO) new Automation.ai is likely to enable improved and faster decision making for client companies.

  • AMD Augments Graphics Capabilities Through New Radeon GPU
    Zacks

    AMD Augments Graphics Capabilities Through New Radeon GPU

    AMD launches new Radeon Pro W5700X GPU for Mac Pro users. The configuration enables tackling heavy workloads.

  • Allegheny Inks Long-term Agreement With GE Aviation
    Zacks

    Allegheny Inks Long-term Agreement With GE Aviation

    Allegheny (ATI) to supply GE Aviation production lines with the highest quality materials and components on time.

  • Exxon, Hess to Commence Crude Oil Export From Offshore Guyana
    Zacks

    Exxon, Hess to Commence Crude Oil Export From Offshore Guyana

    Reportedly, ExxonMobil (XOM) plans for shipment of two cargoes, each with a capacity to carry 1 million barrels of oil from deepwater Liza field in January.

  • Smucker (SJM) Down More Than 15% in 6 Months on Soft Sales
    Zacks

    Smucker (SJM) Down More Than 15% in 6 Months on Soft Sales

    Smucker (SJM) grapples with sluggish sales due to sale of its U.S. baking unit, lower net price realization and adverse currency fluctuations.