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Boeing Dreamliner: A Timeline of the 787’s String of Production Problems A new type of defect on Boeing’s Dreamliner aircraft surfaced recently, the latest in a series of issues that have led to a halt in deliveries. The company now has more than $25 billion of jets in its inventory. WSJ’s Andrew Tangel explains how Boeing got here. Photo: Reuters
Persons: Andrew Tangel Organizations: Boeing, Reuters
MONTGOMERY, Ala. — Months before Rosa Parks became the mother of the modern civil rights movement by refusing to move to the back of a segregated Alabama bus, Black teenager Claudette Colvin did the same. Now 82 and slowed by age, Colvin is asking a judge to end the matter once and for all. And it will mean something for other Black children,” Colvin said in a sworn statement. Her treatment led to the yearlong Montgomery Bus Boycott, which propelled the Rev. A 15-year-old high school student at the time, Colvin got fed up and refused to move even before Parks.
Persons: Rosa Parks, Claudette Colvin, she'd, Colvin, ” Colvin, Phillip Ensler, , , Ensler, Martin Luther King Jr Organizations: Blacks, NAACP, Montgomery Bus Locations: MONTGOMERY, Ala, Alabama, Montgomery, New York, Birmingham, Texas, Parks, Montgomery County
FILE PHOTO: An Eli Lilly and Company pharmaceutical manufacturing plant is pictured at 50 ImClone Drive in Branchburg, New Jersey, March 5, 2021. REUTERS/Mike Segar/File Photo(Reuters) -Eli Lilly and Co raised its full-year profit and revenue forecasts on Tuesday, mainly due to higher sales of its COVID-19 antibody therapies, and the drugmaker said it has initiated a rolling submission for its experimental Alzheimer’s treatment. Demand for Lilly’s COVID-19 antibody therapies, bamlanivimab and etesevimab, rose during the last three months as the spread of the Delta variant fueled a sharp rise in infections and hospitalizations in areas with low vaccination rates. The antibody treatments brought in $217 million in the third quarter, up from $149 million in the second quarter. Excluding one-off items, Eli Lilly earned $1.94 per share, missing analyst estimates of $1.98 per share, on higher research and development expenses including for the COVID-19 drugs.
Persons: Eli Lilly, Mike Segar, Lilly Organizations: Company, REUTERS Locations: Branchburg , New Jersey, U.S
Sales were expected to pick up a bit more in November although retailers were keeping an eye on the latest rise in coronavirus cases in Britain. But the survey's measure of stock adequacy sank to -23 in October, the seventh month in a row that it hit an all-time low. The shortages were expected to ease only moderately in November. "Disruption to supply chains, combined with staff shortages and uncertain public health conditions mean retailers are finding it difficult to plan for the winter ahead," CBI economist Ben Jones said. The CBI has long argued that the system is out of date and penalises companies which invest in energy efficiency.
Persons: Toby Melville LONDON, Ben Jones, Rishi Sunak, Jones, William Schomberg, Andy Bruce Organizations: Oxford, REUTERS, of British Industry, Reuters, CBI, Thomson Locations: London, Britain
U.S. President Joe Biden speaks to reporters before departing for Newark, New Jersey, from the Delaware Air National Guard Base, New Castle, Delaware, U.S., October 25, 2021. The United States has not met with the Association of Southeast Asian Nations at the presidential level since Biden's predecessor, Donald Trump, attended an ASEAN-U.S. meeting in Manila in 2017. A day after the ASEAN summit, Biden will participate in the broader East Asia Summit, which brings together ASEAN and other nations in the Indo-Pacific region, a senior U.S. administration official said. U.S. officials have, however, avoided specific mention of China in the run-up to the meetings as they work to set up a virtual summit between Biden and Chinese leader Xi Jinping later this year. While planning to provide a modest sum to promote trade with ASEAN, Biden has given no sign of any plan to return to a regional trade framework Trump withdrew from in 2017.
Persons: Joe Biden, Jonathan Ernst, BANDAR SERI BEGAWAN, Donald Trump, Biden, Xi Jinping, Edgard Kagan, Washington, Kagan, Min Aung Hlaing, David Brunnstrom, Simon Cameron, Moore Organizations: Delaware Air National Guard Base, REUTERS, WASHINGTON, Southeast, United, Association of Southeast Asian Nations, ASEAN, East Asia Summit, U.S, China, East Asia, White House National Security Council, Trump, Myanmar, Thomson Locations: Newark , New Jersey, New Castle , Delaware, U.S, BANDAR, Washington, China, United States, Manila, China . U.S, Brunei, India, Japan, Australia, ASEAN's, NATO, Asian, Southeast Asia, Myanmar
Defense lawyers and at least one federal judge have warned the delays may be infringing on defendants’ rights to speedy trials. New video evidence was unearthed against Robert Reeder, of Maryland, the morning that he was scheduled to be sentenced on misdemeanor charges. That led prosecutors to postpone the sentencing to determine if they would pursue additional felony charges based on the new evidence. The Washington Department of Corrections said in a statement that it has “a several-weeks-long waitlist” for inmates to access evidence. Julian Khater, who is charged with assaulting Capitol Police, was in jail almost seven months before he was given access to the video evidence, said his attorney Chad Seigel.
Persons: Donald Trump, Leah Millis, Joe Biden’s, Department prosecutes, Judge Amit Mehta, “ We’ve, It’s, ” Mehta, , what’s, we’ve, they’ve, Robert Reeder, , Michelle Peterson, Jessica Watkins, General Merrick Garland, Julian Khater, Chad Seigel, Paul Friedman Organizations: WASHINGTON, U.S, Capitol, REUTERS, Department, FBI, Justice Department, Boston Marathon, D.C, Washington Department of Corrections, Capitol Police, District Locations: Washington , U.S, U.S, York, New York, New Jersey, Maryland, Washington
Nordic Entertainment Group (NENT) sign is seen at their headquarters in Stockholm, Sweden October 1, 2018. Citi analysts said the company had achieved a solid beat of expectations in international subscriber growth, which should give the market increased confidence in the group's growth trajectory. The company's international markets include Estonia, Latvia, Poland and Lithuania, and it plans to launch in Britain, Canada, Germany, Austria and Switzerland, taking the number of markets to 16 by the end of 2023. Its subscriber count also got a boost due to streaming of sporting events such as the Bundesliga, English Premier League, UEFA competitions and Formula One. Costs will increase along with the expansion and a significant chunk of that will come in 2022, Jensen said.
Persons: Olof Swahnberg, Anders Jensen, HBO Max, Disney, Jensen, Viaplay, Supantha Mukherjee, Rashmi Aich, David Holmes Organizations: Nordic Entertainment, REUTERS, Netflix, Disney, Citi, HBO, HBO Max, Bundesliga, English Premier League, UEFA, Thomson Locations: Stockholm, Sweden, STOCKHOLM, Swedish, Scandinavia, United States, Estonia, Latvia, Poland, Lithuania, Britain, Canada, Germany, Austria, Switzerland, Europe, U.S
LONDON, Oct 26 (Reuters) - Sterling touched a new 20-month high against the euro on Tuesday, driven by diverging interest rate expectations for Britain and the euro zone, though concerns over economic growth and EU ties kept the currency broadly flat on the day. Money markets are pricing in a rate hike by the Bank of England at its Nov. 4 meeting, helping the pound rally around 2% versus the euro and the dollar so far this month . Short-dated gilt yields too have slipped from 17-month highs hit last week, with fears growing that impending policy tightening will exacerbate the slowdown. “Euro-sterling is trading close to the bottom end of its post-referendum low on BoE hike expectations. But UK growth momentum is weakening, which could see euro-sterling turn,” Bilal Hafeez, head of the MacroHive consultancy, told clients.
Persons: Sterling, ” Bilal Hafeez, Rishi Sunak’s Organizations: Britain, Bank of England, European Central Bank, ECB, EU, Union, Ireland, ” Scotiabank, Traders Locations: Britain, Northern Ireland
(Updates to reflect new landmark on inflation expectations, adds U.S and German inflation breakeven levels, graphic)LONDON, Oct 26 (Reuters) - Euro zone inflation expectations among bond investors hit a new seven-year high of 2.0509% on Tuesday, shooting past the European Central Bank’s target on the back of soaring oil prices and supply chain crunches around the world. This adds to several months of high inflation readings in the euro zone and beyond, leading to speculation that the ECB’s pandemic-era stimulus is unsustainable. An important market gauge of long-term euro zone inflation expectations, the five-year, five-year forward inflation swap, opened on Tuesday at 2.0509%, its highest since September 2014 and higher than the ECB target of 2%. “Rising inflation swaps will be a key topic at Thursday’s ECB meeting,” analysts at ING wrote in a note. So far, most euro zone yields have risen more or less in sync with each other.
Organizations: ECB, ING, Global, Locations: Italy, Germany, Netherlands
The Goldman Sachs company logo is on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 13, 2021. REUTERS/Brendan McDermidRIYADH, Oct 26 (Reuters) - Goldman Sachs (GS.N) Chief Executive David Solomon said on Tuesday there is a risk of higher inflation and slower growth globally. There will be consequences for having accommodative monetary policy for a long time, Solomon said at the Future Investment Initiative conference in Saudi Arabia's capital, Riyadh. Reporting by Saeed Azhar and Davide Barbuscia; Editing by Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.
Persons: Goldman Sachs, Brendan McDermid, David Solomon, Solomon, Saeed Azhar, Davide Barbuscia, Kirsten Donovan Organizations: New York Stock Exchange, REUTERS, Future Investment Initiative, Thomson Locations: New York City, U.S, Brendan McDermid RIYADH, Saudi, Riyadh
Without a process to track police misconduct, prosecutors often don’t know when they are relying on testimony from compromised officers, undermining their trials and the trustworthiness of their cases. Prosecutors need to be better informed about which police officers have engaged in misconduct to prevent those officers from being involved in their cases. Unfortunately, most prosecutors don’t track police misconduct in an organized, systematic way. Instead, prosecutors should use their police disclosure lists to identify highly problematic officers and prohibit them from testifying. Prosecutors should also have access to the police disclosure lists in neighboring jurisdictions.
Persons: George Floyd, , Brady, ” “ Giglio, who’ve Organizations: George Floyd Justice, Prosecutors, George, Institute for Innovation, John Jay College of Criminal, Police Locations: Houston, Baltimore, New York,
TOKYO—Japan’s Princess Mako married her college sweetheart, became a commoner and, hours later, denounced the media for what she said were groundless reports that drove her to despair. In a statement before the cameras at a Tokyo hotel, Mako said she was the one who urged her then-fiance and now husband, Kei Komuro, to establish a new life in the U.S., suggesting she found the scrutiny of being a royal in Japan unbearable. Mr. Komuro received a law degree from Fordham University’s law school this year after three years of study, and the couple plans to move to New York.
Persons: Princess Mako, Mako, Kei Komuro, Komuro Organizations: Fordham Locations: TOKYO, Tokyo, U.S, Japan, New York
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Organizations: Wall Street
Australia, NZ dlrs higher ahead of key inflation data
  + stars: | 2021-10-26 | by ( Paulina Duran | )   time to read: +2 min
The Australian dollar crept up 0.27% to $0.7511, after rising to $0.7546 last week, its highest level since July 6. The New Zealand dollar was also a little higher at $0.7171, trading below last week’s four-month high of $0.7219, which was triggered by consumer prices rising at decade-high speed. Iron ore prices, Australia’s number one export earner, were higher in choppy trading on Tuesday. Bond yields were again higher, with New Zealand yields rising between 3 and 5 basis points at the short end of the curve, while yields at the longer end were flat. “That will be good for share prices and property – but bad for the Australian dollar.” (Reporting by Paulina Duran Editing by Robert Birsel)
Persons: Bond, , Ben Jarman, Roy Morgan, David Plank, Steven Dooley, Paulina Duran, Robert Birsel Organizations: SYDNEY, New, New Zealand, Fed, JPMorgan Chief Australia, ANZ, ANZ Head, Australian, Western Union Business Solutions Locations: New Zealand, Australia
Orr said the bank gets higher yields from Canadian or Australian bonds than it does elsewhere. “So yes, we would need to think hard around how we can achieve the same effectiveness in our balance with a lower footprint,” Orr said. Orr said RBNZ will look to be more proactive and consider investing more in green bonds. “There is nothing stopping us from receiving green bonds and nothing stopping institutions from issuing more green bonds that we could receive,” Orr said. RBNZ invested here US$100 million in the Bank for International Settlements’ U.S. dollar Green Bond Fund in 2019.
Persons: Adrian Orr, Orr, ” Orr, , , Guy Debelle, RBNZ, Praveen Menon, Sam Holmes Organizations: Reserve Bank of New, Reserve Bank of Australia, Bank for International Settlements ’, Green Bond Fund Locations: Australia, Swedish, Alberta, Bank for International Settlements ’ U.S
The logo of Australian casino giant Crown Resorts Ltd adorns the hotel and casino complex in Melbourne, Australia, June 13, 2017. Shares of Crown soared 11% in early trading before settling up 7.5% by mid-afternoon, against a flat overall market (.AXJO). Earlier this year, the NSW inquiry led to the freezing of Crown's licence for a new A$2.1 billion casino tower in Sydney. A third inquiry into Crown's remaining casino, in Perth city, is ongoing. As with the other two, the Melbourne inquiry heard detailed accounts of Crown enabling money laundering and failing to act on regulatory concerns.
Persons: Jason Reed, James Packer, Packer, Crown, John Ayoub, Nathan Bell, Melissa Horne, Horne, Jonathan Barrett, Shashwat Awasthi, Byron Kaye, Sam Holmes, Stephen Coates Organizations: Crown Resorts Ltd, REUTERS, Company, Crown Resorts, Royal Commission, Star Entertainment Group, Wilson Asset Management, Crown, Thomson Locations: Melbourne, Australia, SYDNEY, Crown's Melbourne, Investsmart, New South Wales, NSW, Sydney, Perth city
Princess Mako of Japan at the enthronement ceremony for Emperor Naruhito at the Imperial Palace in Tokyo on Oct. 22, 2019. Rather than Tokyo’s prestigious Gakushuin University, favored by the imperial family and other Japanese elite, she chose to study at International Christian University in Tokyo. Emperor Naruhito of Japan, Empress Masako, Crown Prince Fumihito of Akishino, Princess Kiko, Princess Mako and Princess Kako at the New Year's Day celebration at the Imperial Palace in Tokyo on Jan. 1, 2020. “I think this has conveyed the image that the imperial family as a system can never make women happy,” Hara told NBC News. Along with traditional tabloid newspapers, he said, imperial family members also now have to contend with criticism on social media.
Persons: Princess Mako, Emperor Naruhito’s, Prince Fumihito, Kei Komuro, Rather, Britain’s Prince Harry, Meghan Markle, Mako, Aiko, Prince Hisahito, Emperor Naruhito, Kazuhiro Nogi, Ken Ruoff, , , Emperor Akihito, Prince, Hisahito, ” Ruoff, Mako’s, Prince Akishino, Komuro, Critics, quarantining, Naruhito, Empress Masako, Akishino, Princess Kiko, Kako, Kunihiko Miura, Takeshi Hara, Naruhito’s, ” Hara, what’s, Reina Sakaguchi, Toshifumi Kitamura, Sayaka Fujita, ” Komuro, Lowenstein Sandler, Ruoff, Harry, Meghan, “ They’re, Jennifer Jett, Arata Yamamoto, Olivier Fabre Organizations: Center, Japanese Studies, Portland State University, Prince Hitachi, Mainichi, Gakushuin University, International Christian University, University of Leicester, Fordham University, Open University of Japan, Harvard, NBC, Imperial Household Agency, Mako, University of Tokyo, Getty, New, New York, Bar Locations: HONG KONG, Japan, Tokyo, United States, Scotland, England, New York, Saitama, AFP, U.S, Hong Kong
Moves were slight as traders eye central bank meetings in Europe, Japan and Canada this week and data releases in Australia and the United States. “The dollar has been reversing lower because of a more risk- on market, and that’s due to earnings coming in better than expected,” said Bank of Singapore analyst Moh Siong Sim, while investors await data and central bank meetings for direction. Analysts expect it might stay there through a slew of central bank meetings in coming days. No changes are expected from the Bank of Japan, although Reuters has reported that policymakers are discussing an end to a COVID-19 loan scheme. Australian quarterly inflation data due on Wednesday is also likely to set the tone in a tussle between rates markets and the resolutely dovish Reserve Bank of Australia (RBA).
Persons: Dado Ruvic, Liu He, Janet Yellen, , Moh Siong Sim, Sterling Organizations: U.S, REUTERS, Treasury, South Korean, Bank of Singapore, Westpac, Central, ECB, Federal Reserve, Canadian, Bank of Japan, Reuters, Bank of Australia, Fed, Bank of England, New Zealand Locations: SINGAPORE, China, Europe, Japan, Canada, Australia, United States, U.S
LONDON (Reuters) - Currency markets lacked clear direction in early European trading on Tuesday, with the dollar edging slightly higher but most major pairs little changed as investors looked ahead to central bank meetings this week. But the dollar index held steady, up less than 0.1% at 93.913 at 0739 GMT. The Australian dollar, seen as a liquid proxy for risk appetite, was steady at $0.7494. The euro was a touch lower against the dollar, down 0.1% at $1.1598, hit by expectations that the European Central Bank will take a dovish stance when it meets on Thursday. ING strategists noted that, so far in 2021, energy-exporting currencies whose central banks are preparing to tighten - such as the Canadian dollar or Norwegian crown - have outperformed.
Persons: Dado Ruvic, , , Lee Hardman, Liu He, Janet Yellen, Bitcoin Organizations: U.S, REUTERS, Bank of Japan, Canadian, Bank of Canada, New Zealand, European Central Bank, ECB, ING, China’s, Treasury Locations: U.S
LOS ANGELES — The assistant director who handed Alec Baldwin the gun that killed cinematographer Halyna Hutchins on a movie set last week had been fired from a film in 2019 after a gun unexpectedly discharged on the set, injuring a crew member, a producer for that film said Monday. The assistant director, Dave Halls, was removed from the set immediately and was fired later, according to the producer. The person returned to production a few days later, the producer said, adding that a new assistant director was hired and the film was completed. Authorities in New Mexico, where the shooting Friday on the set of "Rust" also injured the director, Joel Souza, have not charged anyone. In a statement to NBC News, Goll said Halls did not hold safety meetings or announce when a gun had appeared on the set.
Persons: Alec Baldwin, Halyna Hutchins, Dave Halls, Dave, Joel Souza, Maggie Goll, Goll, Baldwin, Diana Dasrath, Tim Stelloh Organizations: ANGELES, Authorities, NBC News, Blumhouse Television, Hulu, Hollywood Locations: New Mexico, Santa Fe, Los Angeles, Alameda , California
The Senate voted Monday to confirm voting rights advocate Myrna Pérez as a judge on the 2nd U.S. Pérez was confirmed on a 48-43 vote as the country is gripped in a struggle over voting rights. "With the national focus on voting rights now, it's a significant step to elevate Ms. Perez," Schumer said. When she was nominated, Schumer, D-N.Y., praised Pérez as one of the country’s foremost experts on elections and voting rights. She clerked for U.S. District Judge Anita Brody of Eastern Pennsylvania and for appeals Judge Julio Fuentes of the 3rd Circuit.
Persons: Myrna Pérez, Sonia Sotomayor, Pérez, Carlos Bollar, Chuck Schumer, Perez, Schumer, University’s, Joe Biden, Brennan, John Lewis, Myrna Pérez’s, Brian Fallon, , ” Fallon, Anita Brody, Julio Fuentes, Biden, , Nil Sanchez, Thomas Saenz Organizations: U.S, Circuit, Supreme, Hispanic National Bar Association, Center for Justice, Judiciary, Brennan Center for Justice, John Lewis Voting, Republicans, Demand, Yale University, Harvard University, Columbia University, U.S . Postal, New York Times, Alliance, Justice, Senate, American Latino Defense, Educational Fund, NBC, Facebook, Twitter Locations: New, New York , Vermont, Connecticut, New York, Vermont, San Antonio, Eastern Pennsylvania, Mexico
Mayor Bill de Blasio mandated city workers must receive one dose of a COVID-19 vaccine by Friday. The union's lawsuit argues that officers did not have enough time to seek vaccination exemptions. Nearly 70% of NYPD employees have received at least one dose of a COVID-19 vaccine. Mayor Bill de Blasio announced last Wednesday that all municipal workers are required to receive at least one dose of a COVID-19 vaccine by October 29. Nearly 70% of employees of the New York Police Department had received at least one dose of a COVID-19 vaccine as of last week, according to The New York Times.
Persons: Bill de Blasio, Melanie Hartzog Organizations: Service, Police Benevolent Association, Staten Island Supreme, The New York Times, Health, Human Services, PBA, New York Times, New York Police Locations: York, Staten Island, Staten
DeSantis has been rounding up out-of-state law enforcement officers to join Florida departments. It has nothing to do with their vaccination status," DeSantis said in response to a reporter who asked about his recruitment of unvaccinated law enforcement officers. DeSantis also said that he will be working to offer $5,000 bonuses to law enforcement officers who move from out of state to join law enforcement agencies in Florida, Insider previously reported. His call for out-of-state law enforcement officers was announced in August. According to National Law Enforcement Memorial Fund, COVID-19 was the leading cause of death for officers in 2020, The Washington Post reported.
Persons: DeSantis, Ron DeSantis, It's, Fox News's Maria Bartiromo Organizations: Service, National Law Enforcement, Fund, Washington Post Locations: Florida
ClassPass is facing a lawsuit alleging it lied about having partnerships with businesses. But Leeah Nails claimed that ClassPass had listed the salon as one of those partners without its knowledge or consent. According to the lawsuit, Leeah Nails only found out that it was listed on ClassPass after a customer tried to use services that they had booked through ClassPass. ClassPass' listing for Leeah Nails showed a company description, appointment times, services offered, and an option to "see pricing" for those services. "There are thousands of falsely listed ClassPass Partners online.
Persons: ClassPass, , Leeah, Leeah Nails, Janove Organizations: Service, ClassPass, Partners Locations: New Jersey, New York
Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China January 7, 2020. BEIJING — Tesla's sales in China are now nearly half what the automaker sells in the U.S.China's share of Tesla's overall sales rose to 22.6% in the third quarter, up from just under 20% a year ago. Tesla has opened a gigafactory in Shanghai and delivered its first China-made cars to local customers just before the onset of the coronavirus pandemic in January 2020. Both the Model 3 and Y rank among the top three sold in China's new energy vehicle passenger car market, according to the China Passenger Car Association. German auto giant Volkswagen generates about 41% of its sales volumes in China, according to Goldman Sachs.
Persons: Tesla, Elon, Goldman Sachs Organizations: BEIJING —, China Passenger Car Association, Hertz Locations: Tesla China, Shanghai, China, U.S, New York
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