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Boeing makes progress on 737 MAX, but FAA needs weeks to review

Boeing Co is making progress toward getting its 737 MAX aircraft in the air again, but the U.S. Federal Aviation Administration (FAA) will need at least several more weeks for review, FAA Administrator Steve Dickson said on Tuesday.


Tuesday, October 22, 2019
Boeing replaces senior executive as 737 MAX crisis grows

Boeing Co on Tuesday replaced the top executive of its commercial airplanes division, Kevin McAllister, marking the first high-level departure since the fallout started over two fatal crashes of its 737 MAX.


Tuesday, October 22, 2019
Exxon, New York prosecutors face off in climate change fraud trial

A lawyer for New York's attorney general on Tuesday told a state judge that Exxon Mobil Corp used two sets of books to hide the true cost of climate change regulations from investors, while an attorney for the oil major assailed the claims as politically motivated.


Tuesday, October 22, 2019
Biogen resurrects Alzheimer's drug; shares jump 27%

Biogen Inc revived plans on Tuesday to seek U.S. approval for Alzheimer's treatment aducanumab, surprising investors and saying data from more patients in two discontinued studies showed the drug reduced the decline of patients suffering from the disease.


Tuesday, October 22, 2019
Oil prices rise as OPEC mulls deeper demand cuts

Oil prices rose on Tuesday after China signaled progress in trade talks with the United States and OPEC and its allies mulled deeper production cuts, but gains were capped by forecasts of a buildup in U.S. crude stockpiles.


Tuesday, October 22, 2019
Former UAW official pleads guilty to federal charges

A former top official of the United Auto Workers union pleaded guilty on Tuesday to federal charges of financial misconduct while about 48,000 UAW members voted on whether to end a nearly five-week walkout at GM.


Tuesday, October 22, 2019
Pound, stocks slip as lawmakers reject Brexit law timetable

The pound weakened and stocks on world markets declined on Tuesday after British lawmakers rejected the government's proposed timetable for passing legislation to ratify its deal to exit the European Union.


Tuesday, October 22, 2019
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