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Author: Erik Bowling

Lawmakers seek FAA employee survey records after Boeing 737 MAX crashes

View original postJuly 20, 2020 (Reuters) – A U.S. House Committee on Monday asked the Federal Aviation Administration (FAA) to disclose details of an employee survey about the agency’s safety culture after two fatal crashes of Boeing 737 MAX airplanes killed 346 people and raised questions about the agency’s actions. Representative Peter DeFazio, who chairs the House Transportation and Infrastructure Committee, and Representative Rick Larsen, wrote FAA Administrator Steve Dickson about a survey that included the FAA’s Organization Designation Authorization program that delegates some new airplane certification tasks to Boeing employees. “It is essential that FAA officials have the...

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Trump campaign runs Facebook ads on whether TikTok should be banned

View original postU.S. President Donald Trump speaks about legislation for additional coronavirus aid in the Oval Office at the White House in Washington, U.S., July 20, 2020. REUTERS/Leah Millis July 20, 2020 By Elizabeth Culliford (Reuters) – U.S. President Donald Trump’s re-election campaign ran Facebook <FB.O> ads this weekend claiming that the Chinese-owned short video app TikTok is spying on users. The ads link to a survey asking whether TikTok, which is owned by Beijing-based tech giant ByteDance, should be banned in the United States. They also ask for respondents’ names and contact details. “TikTok is spying on you,”...

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IBM earnings beat estimates on cloud strength; shares up 6%

View original postJuly 20, 2020 (Reuters) – International Business Machines Corp <IBM.N> posted second-quarter revenue and profit that beat analysts’ estimates on Monday, riding on the strength of its high-margin cloud computing business, sending its shares up 6%. IBM has jettisoned some of its legacy business to focus on cloud computing, an area that has seen a lot of action in recent years as companies ramp up their digital shift to control costs and boost efficiency. Revenue from the cloud business, previously headed by IBM’s new boss Arvind Krishna, rose 30% to $6.3 billion. Krishna took over as chief...

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Wall Street closes higher, Nasdaq sets record as potential vaccines show promise

View original postFILE PHOTO: Traders wearing masks work, on the first day of in-person trading since the closure during the outbreak of the coronavirus disease (COVID-19) on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 26, 2020. REUTERS/Brendan McDermid July 20, 2020 By Stephen Culp NEW YORK (Reuters) – Wall Street gained ground on Monday and surging technology shares pushed the Nasdaq to a record closing high, as promising trial results from potential COVID-19 vaccines helped investors look beyond spiraling new cases of the disease. Inc <AMZN.O> and Microsoft Corp <MSFT.O> provided...

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Exclusive: Mexico courts companies to lure business from Asia under new trade deal

View original postFILE PHOTO: Mexico’s Economy Minister Graciela Marquez attends Mexico’s President Andres Manuel Lopez Obrador daily news conference at National Palace in Mexico City, Mexico November 14, 2019. REUTERS/Carlos Jasso July 20, 2020 By Stefanie Eschenbacher and Anthony Esposito MEXICO CITY (Reuters) – Mexico has spoken to a host of foreign companies, particularly steelmakers, in an effort to lure business from Asia to capitalize on a new North American trade deal, Economy Minister Graciela Marquez said on Monday. The U.S.-Mexico-Canada trade agreement (USMCA) took effect at the beginning of this month and replaced its quarter-century-old predecessor as the...

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