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☆ Alaska Airlines says Boeing paid it $160 million for 737 Max 9 grounding
▼ + stars: | 2024-04-04 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

The fuselage plug area of Alaska Airlines Flight 1282 Boeing 737-9 MAX, which was forced to make an emergency landing with a gap in the fuselage, is seen during its investigation by the National Transportation Safety Board (NTSB) in Portland, Oregon, U.S. January 7, 2024. Boeing paid Alaska Airlines $160 million in compensation in the first quarter for the grounding of the 737 Max 9, according to the airline. Alaska said in a filing Thursday that its first-quarter "results were significantly impacted by Flight 1282 in January and the Boeing 737-9 MAX grounding which extended into February." "Although we did experience some book away following the accident and 737-9 MAX grounding, February and March both finished above our original pre-grounding expectations due to these core improvements," it said. Alaska shares were up more than 5% in morning trading, while Boeing was up 1%, compared with a 0.6% gain in the broader market .

Persons: Boeing's, Boeing didn't Organizations: Alaska Airlines Flight, Boeing, National Transportation Safety Board, Alaska Airlines, Federal Aviation Administration, Max, United Airlines, CNBC Locations: Alaska, Portland , Oregon, U.S

☆ Biden Takes Aim at SpaceX’s Tax-Free Ride in American Airspace
▼ + stars: | 2024-04-04 | by ( Minho Kim | ) www.nytimes.com time to read: +1 min

Every time a rocket soars into the sky carrying satellites or supplies for the International Space Station, air traffic controllers on the ground must take crucial steps to ensure that commercial and passenger aircraft remain safe. The controllers, hired by the Federal Aviation Administration, close the airspace, provide real-time information on rockets and their debris and then reopen the airspace quickly after a launch is completed. But unlike airlines, which pay federal taxes for air traffic controllers’ work for each time their planes take off, commercial space companies are not required to pay for their launches. That includes companies like Elon Musk’s SpaceX, which has launched more than 300 rockets over the past 15 years that often carried satellites for its Starlink internet service. President Biden’s latest budget proposal, released last month, suggests that for-profit space companies start paying for their use of government resources.

Persons: Biden, Biden’s Organizations: International, Federal Aviation Administration, Elon, SpaceX

☆ These are Piper Sandler's favorite stocks for the second quarter
▼ + stars: | 2024-04-03 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

As a cloak of unease shrouds the market, it might be time for investors to consider turning to quality stocks, according to Piper Sandler. Piper Sandler also identified United Airlines as a quality stock to buy. The airline carrier stock moved to a ranking of 2 in the current quarter, from its previous ranking of 4. Microsoft is another quality name that could win big, Piper Sandler said. Microsoft stock rose on Monday after a report from The Information said that the company was planning a $100 billion data center project with OpenAI .

Persons: Piper Sandler, Piper Sandler's, CNBC's Michael Bloom Organizations: Piper, Communications, Verizon, Airlines, Boeing, United Airlines, Reuters, U.S . Federal Aviation Administration, Microsoft, Jefferies

☆ Summer travel could be extra chaotic as United pilots take unpaid leave and Boeing issues pile up
▼ + stars: | 2024-04-02 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

United Airlines has asked its pilots to take unpaid leave this summer and possibly into the fall. Across airlines, summer fliers may see disrupted flight schedules and pricier tickets. AdvertisementIn an early blow to summer travel, United Airlines has asked its pilots to take an unpaid leave next month, citing delayed aircraft deliveries from Boeing. Related storiesThe specific changes to United's summer flight lineup were not immediately available. Last week, the US Federal Aviation Administration said it was increasing scrutiny of United to ensure the airline's compliance with safety regulations.

Persons: —, Richard Aboulafia, Scott Kirby Organizations: Airlines, Service, United Airlines, Boeing, CNBC, United, Air Line Pilots Association, Business Insider, Ryanair, Transportation, Southwest Airlines, Alaska Airlines, US Federal Aviation Administration Locations: Frankfurt, Oregon, San Francisco, Japan

☆ United Airlines asks pilots to take voluntary unpaid leave because of Boeing delivery delay
▼ + stars: | 2024-04-01 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

New York CNN —United Airlines is asking its pilots to take voluntary unpaid leave in May because of delays in Boeing deliveries, according to a memo sent by the union representing pilots. Because of the delivery delay, “our forecasted block hours for 2024 have been reduced and we are offering our pilots voluntary programs for the month of May to reduce excess staffing,” United Airlines said in a statement Monday. The Federal Aviation Administration is taking a closer look at United after a series of almost a dozen incidents at the airline, United said in a March memo. On March 15, a United Boeing 737-800 landed in Medford, Oregon, missing an external panel, though no passengers were injured. Boeing has been in the spotlight since the Alaska Airlines Boeing 737 Max 9 incident.

Persons: United, Scott Kirby, ” Kirby, Chris Isidore, Pete Muntean, Gregory Wallace Organizations: New, New York CNN — United Airlines, Boeing, ” United Airlines, Federal Aviation Administration, United, Airbus, Alaska Air, Max, American Airlines, Delta Air Lines, United Boeing, Alaska Airlines Boeing Locations: New York, Covid, Alaska, Medford , Oregon, United

☆ United asks pilots to take unpaid time off, citing Boeing's delayed aircraft
▼ + stars: | 2024-04-01 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

United Airlines is asking pilots to take unpaid time off next month, citing late-arriving aircraft from Boeing , according to a note sent to pilots. It's another example of how Boeing's customers say the manufacturer's production problems and safety crisis are impacting their growth plans. The offer comes after United and other airlines in recent years have clamored for more pilots when the Covid-19 pandemic travel slump ended and demand surged. "Due to recent changes to our Boeing deliveries, the remaining 2024 forecast block hours for United have been significantly reduced," the United chapter of the Air Line Pilots Association, the pilots' union, said in a note to members Friday. United was contracted to receive 43 Boeing 737 Max 8 planes and 34 Max 9 models this year, but now expects to receive 37 and 19, respectively, according to a company filing in February.

Persons: Max, Scott Kirby, Boeing didn't, Dave Calhoun Organizations: Boeing, Air Line Pilots Association, United, CNBC, Max, Federal Aviation Administration, Alaska Airlines

☆ Flying cars — or eVTOLs — are becoming reality. Would you ride in one?
▼ + stars: | 2024-04-01 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +36 min

They are flying cars, they're flying cars,Tom Chitty: These vehicles aren't necessarily actually cars with wheels, either, because I know that you've done you've got a program coming up soon about eVTOL. And the idea is there's going to be a fleet of these run by an operator. You've alluded to this feature program we've got coming out looking at the future of these, these flying cars, basically in these eVTOLs. And also, we can't finish this episode about flying cars and eVTOLs without talking about Chitty Chitty Bang Bang, the OG. Yeah, no, that's, that's very surprising.

Persons: Tom Chitty, Arjun Kharpal, who's, I've, we've, We've, I'm, they'd, I'd, there's, Arjun, that's, we're, you've, there'll, they're, You've, Kharpal, it's, you'll, They've, Morgan Stanley, someone's, What's, they've, They're, Big Ben, Chitty Chitty Bang Bang, Chitty Bang Bang, Tom, We'll Organizations: JPMorgan, CNBC, Mar, Airbus, Archer Aviation, Joby, Infrastructure, Boeing, Heathrow Airport, Civil Aviation Administration, U.S . Federal Aviation Administration, FAA, Autonomy, London, Transport Locations: Spain, China, Europe, Munich, Germany, beyondthevalley@cnbc.com, London, Chinese, Guangzhou, Birmingham, U.S, Manchester, it's, eVTOLs, Battersea, Heathrow

United Airlines is asking its pilots to take time off in May because of delays in receiving new planes that the airline ordered from Boeing, which is struggling with production due to manufacturing problems. A United spokesperson said Monday that the offer is voluntary. Almost all of the shortfall consists of Boeing 737 Max planes, including a new, larger model. United CEO Scott Kirby is one of several airline executives who have called out problems at Boeing and sought a meeting with Boeing directors. Shares of Boeing Co. fell 2%, while United Airlines Holdings was up less than 1% in midday trading Monday.

Persons: Leslie Scott, United, Max, Scott Kirby, David Calhoun Organizations: Boeing, United, Max, Federal Aviation Administration, FAA, Alaska Airlines Max, Alaska Airlines, Boeing Co, United Airlines Holdings

☆ You Don’t Have to Freak Out About Boeing Planes - The New York Times
▼ + stars: | 2024-03-31 | by ( Zeynep Tufekci | ) www.nytimes.com time to read: +2 min

“Ah, it’s a Boeing Max,” I exclaimed to my travel companions after we boarded our plane a few weeks ago. I looked to see if we were seated next to a hidden door plug panel like the one that blew out on Alaska Airlines Flight 1282 in January. But the bad news wasn’t over: On Thursday, a New York Times investigation reported a disturbing pattern of sloppy safety procedures and dangerous cost-cutting. One expert who had spent more than a decade at Boeing told The Times, “The theme is shortcuts everywhere — not doing the job right.”Is it any wonder that some travelers are trying to avoid Boeing planes? The biggest danger of all may be understaffed air traffic controllers and overstuffed runways, which lead to far too many near misses.

Persons: ”, hasn’t Organizations: Boeing Max, Alaska Airlines, Federal Aviation Administration, Boeing, Senate, New York Times, Times, United Airlines

☆ 7 taken to hospital after 'severe turbulence' on Newark-bound United Airlines flight
▼ + stars: | 2024-03-30 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +3 min

Seven people were taken to hospital following a United Airlines flight on Friday. The flight from Tel Aviv to Newark experienced "severe turbulence." It was forced to land at New York Stewart International Airport due to a "passenger medical emergency." AdvertisementSeven people were taken to hospital after a United Airlines flight bound for Newark experienced "severe turbulence" on Friday, officials said. Business Insider has contacted United Airlines and the Federal Aviation Administration (FAA) for comment.

Persons: —, United, Michael Bigg, Bigg, Max, Scott Kirby, Kirby Organizations: United Airlines, New York Stewart, Service, Newark, New York Stewart International, Federal Aviation Administration, CNN, Windsor Emergency Medical Service, New, New York International Airport, Newark Liberty International Airport, NBC News, FAA, CBS, Airlines, Alaska Airlines Locations: Tel Aviv, Newark, New, Windsor, New York, United, Israel, Gaza, San Francisco, Paris, Denver

☆ Dave Calhoun was supposed to turn Boeing around, but after 4 years on the job, he's out. Here's where things went wrong.
▼ + stars: | 2024-03-29 | by ( Pete Syme | ) www.businessinsider.com time to read: +8 min

It makes him the second successive chief to go after a 737 Max crisis. AdvertisementOn Monday morning, Dave Calhoun became the second successive Boeing CEO to lose his job in the wake of a 737 Max crisis. Muilenburg was terminated as the planemaker fought for its reputation after 346 people died in two 737 Max 8 crashes in 2018 and 2019. After the longest-ever grounding for a US airliner, the 737 Max was ungrounded 10 months into Calhoun's reign. Win McNamee/Getty ImagesMost people's concerns about the 737 Max looked to have been assuaged, until the Alaska Airlines blowout on January 5.

Persons: Dave Calhoun, —, Stan Deal, Calhoun, Boeing's, Dennis Muilenburg, Muilenburg, Max, Dennis, Win McNamee, Bob Clifford, Timothy Hubbard, Hubbard, Clifford, DAVID RYDER, Critics, Justin Green, Green Organizations: Boeing, Service, Airbus, Federal Aviation Administration, MCAS, Alaska Airlines, National Transportation Safety, Justice, FBI, Ethiopian, Alaska Air, United Airlines, Boeing's, Street Journal, The, Current, Business, University of Notre Dame, CNBC Locations: MCAS, Southwest , Alaska, Calhoun, Virginia, Seattle, Boeing's, Renton , Washington

In February last year, a new Southwest Airlines Boeing 737 Max plane was on one of its first flights when an automated stabilizing system appeared to malfunction, forcing the pilots to make an emergency landing soon after they took off. Less than two months later, an Alaska Airlines 737 Max plane with eight hours of total flight time was briefly grounded until mechanics resolved a problem with a fire detection system. And in November, an engine on a just-delivered United Airlines 737 Max failed at 37,000 feet. These incidents, which the airlines disclosed to the Federal Aviation Administration, were not widely reported. But since Jan. 5, when a panel on a two-month-old Alaska Airlines 737 Max 9 jet blew off in midair, episodes like these have taken on new resonance, raising further questions about the quality of the planes Boeing is producing.

Persons: Max, ”, Joe Jacobsen Organizations: Southwest Airlines Boeing, Alaska Airlines, United Airlines, Federal Aviation Administration, Max, Boeing Locations: Alaska

☆ The portfolio’s 5 best-performing stocks since the February Annual Meeting
▼ + stars: | 2024-03-27 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Ahead of Wednesday's Monthly Meeting, here's a look at the best-performing Club stocks since Feb. 23, the session before the annual gathering, through Tuesday's close. NVDA mountain 2024-02-23 Nvidia's stock performance since the close of Feb. 23, 2024. DIS mountain 2024-02-23 Disney's stock performance since the close of Feb. 23, 2024. ETN mountain 2024-02-23 Eaton Corp.'s stock performance since the close of Feb. 23, 2024. STZ mountain 2024-02-23 Constellation Brands' stock performance since the close of Feb. 23, 2024.

Persons: Bob Iger, Nelson Peltz's Trian, Peltz, Eaton, it's, didn't, Wedbush, Jim Cramer's, Jim Cramer, Jim, Jensen Huang, Lam, Fei Organizations: Nvidia, Blackwell, Apple's, Disney, Club, ESPN, Nelson Peltz's Trian Partners, Eaton Corp, Street, Federal Aviation Administration, Boeing, Wall Street, Constellation Brands, Nielsen, Wedbush Securities, Wine, DuPont, Barclays, CNBC, Nvidia Corp, Bloomberg, Getty Locations: U.S, Tuesday's, STZ, Taipei, Taiwan

☆ Boeing needs to be led by engineers, time is not on its side, Emirates Airline president says
▼ + stars: | 2024-03-27 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

Boeing needs to be led by engineers if it wants to pull itself out of its current crisis, Tim Clark, the president of Emirates Airline, said in comments Wednesday. "To fix Boeing's issues the company needs a strong engineering lead as its head coupled to a governance model which prioritizes safety and quality," said Clark, who leads Dubai's flag carrier Emirates. Aviation analysts and former Boeing employees have criticized the company's reported sidelining of engineers in its senior management ranks. Boeing CEO Dave Calhoun will also step down at the end of 2024. "Whether, yet again, this changing of the guard will resolve Boeing's issues only time will tell, but time, unfortunately, is not on their side," Clark said.

Persons: Tim Clark, Max, Clark, Stan Deal, shakeup, Stephanie Pope, Dave Calhoun Organizations: Boeing, Emirates Airline, Alaska Airlines, Federal Aviation Administration, Justice Department, FAA, Max, Emirates, Machinists, Aviation, CNBC

☆ Boeing CEO Dave Calhoun could still receive millions of dollars after leaving amid safety concerns
▼ + stars: | 2024-03-26 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Boeing CEO Dave Calhoun has resigned and is set to leave at the end of the year. He's not the first leader of the company to leave amid recent safety concerns — and he's likely to do so with a big payout. "I've entered my fifth year," Calhoun told CNBC, referring to his time at Boeing. AdvertisementHow much Calhoun will get after his exit from Boeing will depend on how the aircraft maker's stock price moves. A Boeing spokesperson told Business Insider the company will outline details of Calhoun's compensation in company filings over the "coming weeks."

Persons: Dave Calhoun, Calhoun, Dennis Muilenburg, —, He's, I've, Ben Silverman, Fortune, Max Organizations: Service, Boeing, CNBC, Alaska Airlines, Federal Aviation Administration, Department of Justice, National Transportation Safety Board

☆ Analysts say Boeing CEO exit can help the company 'get back on track.' Here's where they see the stock going
▼ + stars: | 2024-03-26 | by ( Brian Evans | ) www.cnbc.com time to read: +4 min

BA YTD mountain Boeing stock has slumped more than 26% from the start of the year after the Alaska Airlines 737 Max controversy. Stifel The firm has a buy rating on Boeing stock with a $270 per share price target, or 41% upside from Monday's close. TD Cowen TD Cowen has a buy rating on Boeing stock with a $230 per share price target, or 20% above Monday's close. JPMorgan maintains an overweight rating on Boeing with a $230 per share price target, or about 20% above Monday's close. JPMorgan maintains an overweight rating on Boeing stock with a $230 per share price target, or about 20% moving forward.

Persons: shakeup, Max, David Calhoun, Calhoun isn't, Larry Kellner, Stan Deal, Stephanie Pope, Pope, Calhoun, Bert Subin, Max —, Bank of America Bank of America's Ronald Epstein, TD Cowen TD Cowen, TD Cowen, Cai von Rumohr, Dave Calhoun, Morgan Stanley Morgan Stanley's Kristine Liwag, David Calhoun's, Wolfe, Wolfe Research Wolfe, Myles Walton, Seth Seifman, Seth M, Seifman Organizations: Alaska Airlines, Boeing, Bank of America Bank of America's, Wolfe Research, JPMorgan, FAA, Federal Aviation Administration Locations: Calhoun, Alaska

☆ Qantas pilots landed a plane with just one working engine, and the airline says it was safe to do so
▼ + stars: | 2024-03-26 | by ( Marielle Descalsota | ) www.businessinsider.com time to read: +3 min

Qantas pilots safely landed a plane with a single engine in Perth. Engine failure is rare, but it's not the first time a Qantas engine has had issues. These aircraft are designed to safely operate with one engine," Qantas told The West Australian. AdvertisementIt's not the first time Qantas pilots have had to turn off an engine to land safely. In January 2023, pilots landed a Qantas flight flying from Auckland to Sydney after one of the engines failed while crossing the Tasman Sea.

Persons: it's, —, they'd, Lachlan Britt, Darrell Weekes, Doug Drury, you'd, Drury Organizations: Qantas, Service, West, The West Australian, Airbus, West Australian, Business, The West, Australian Broadcasting Corporation, University of Bologna, Federal Aviation Administration, Central Queensland University, CNN Locations: Perth, Melbourne, Australia, Auckland, Sydney

☆ Boeing CEO says it was 100% his own decision to resign
▼ + stars: | 2024-03-25 | by ( Ana Altchek | Taylor Rains | ) www.businessinsider.com time to read: +3 min

Boeing announced that Dave Calhoun is stepping down as CEO at the end of this year. AdvertisementDave Calhoun plans to resign as Boeing's CEO at the end of this year, the company announced Monday. In December 2019, former Boeing CEO Dennis Muilenburg was fired after two crashes involving a different Max variant, the Max 8, killed 346 people in 2018 and 2019. Advertisement"As you all know, the Alaska Airlines Flight 1282 accident was a watershed moment for Boeing," Calhoun said in a memo to employees announcing the change. The CEO told CNBC that he would weigh in on who becomes the next CEO, but he said the board will ultimately make the decision.

Persons: Dave Calhoun, Calhoun, —, I've, Dennis Muilenburg, Max, Stephanie Pope, Stan Deal, Larry Kellner Organizations: Boeing, Service, CNBC, Alaska Airlines, Federal Aviation Administration, Department of Justice, National Transportation Safety, Boeing Commercial Airplanes

☆ Boeing's CEO and other executives are out after a string of crises. Here's a roundup of recent issues.
▼ + stars: | 2024-03-25 | by ( Graham Rapier | Taylor Rains | ) www.businessinsider.com time to read: +1 min

737 Max 9 blowoutA gaping hole where the paneled-over door had been on Alaska Airlines Flight 1282. NTSB/APIn January, a Max 9 door plug blew out on an Alaska Airlines flight that took off from Portland, Oregon. Boeing's CEO, Dave Calhoun, hosted an all-hands meeting with employees shortly after the incident. "We're going to approach this, number one, acknowledging our mistake," Calhoun said at a 737 Max factory in Washington, according to multiple media outlets. Less than two weeks before that episode, Boeing had asked airlines to inspect all its 737 Max planes for loose bolts.

Persons: Max, Dave Calhoun, Calhoun, he's, — Organizations: Max, Alaska Airlines, AP, Regulators, United Airlines, Federal Aviation Administration, Boeing's, Boeing Locations: Portland , Oregon, Alaska, United, Washington

☆ Premarket stocks: Rate cut in June or July? What matters is the Fed wants to get started
▼ + stars: | 2024-03-25 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +10 min

[About 70% of investors now think a rate cut will occur in June, according to the CME FedWatch tool.] Goldman Sachs is currently predicting a 15% chance of recession over the next 12 months, down from 35% last year. Seeing that happen made us more confident that the Fed wouldn’t be forced to cause a recession in order to get inflation down. The reason we say 15% risk is because that is roughly the historical unconditional average. So a 15% recession rate is baseline for you, it will never go below that number?

Persons: Dow, Bell, David Mericle, Goldman Sachs, It’s, it’s, we’ve, I’m, Samantha Delouya, authority’s, ” United, Joe Biden Organizations: New, New York CNN, Federal Reserve, Dow Jones, Goldman Sachs ’, Bell, National Bureau of Economic, FAA, United, Federal Aviation Administration, United Airlines, United Boeing, ”, Federal Communications Commission, Program, Lawmakers, ACP, FCC Locations: New York, We’re, Medford , Oregon

☆ Read the full memo Boeing CEO sent to staff announcing he is stepping down
▼ + stars: | 2024-03-25 | by ( Grace Dean | Taylor Rains | ) www.businessinsider.com time to read: +7 min

Boeing CEO Dave Calhoun is stepping down. Calhoun was appointed CEO of Boeing after the planemaker's former CEO, Dennis Muilenburg, stepped down in December 2019 following two crashes of another Max variant, the Max 8. Calhoun also said that Boeing Chair Larry Kellner wouldn't be standing for reelection, with Steve Mollenkopf elected by the board as his replacement. Calhoun added that Stan Deal, the CEO of Boeing Commercial Airplanes, was retiring and would be replaced by Stephanie Pope, effective immediately. I also want to thank Stephanie for taking on this critical role.

Persons: Dave Calhoun, Calhoun, Dennis Muilenburg, Max, Calhoun didn't, Larry Kellner wouldn't, Steve Mollenkopf, Stan Deal, Stephanie Pope, He'd, Read, Larry Kellner, Larry, Steve, Stan, Stephanie, Dave Organizations: Boeing, Alaska Airlines, Max, Federal Aviation Administration, Qualcomm, Boeing Commercial Airplanes, BCA

Boeing CEO David Calhoun will step down from the embattled plane maker at the end of the year as part of a broad management shakeup Monday after a series of mishaps at one of America's iconic manufacturers. Stephanie Pope, the company's chief operating officer for less than three months, has taken over leadership of the key division. Boeing has been under intense pressure since early January, when a panel blew off a brand-new Alaska Airlines 737 Max. Airline executives have expressed their frustration with the company, and even minor incidents involving Boeing jets have attracted extra attention. Pope, 51, was promoted to Boeing chief operating officer only in January.

Persons: David Calhoun, Stan Deal, Stephanie Pope, Lawrence Kellner, Calhoun, ”, Max, “, ” Calhoun, Dennis Muilenburg, Brian West, Steven Mollenkopf, Jason Gursky, Pope, Gursky, Richard Aboulafia, Patrick Shanahan —, Trump, AeroSystems, ” Cai von Rumohr, Cowen, Michael O’Leary, he’s, Michelle Chapman Organizations: Qualcomm, Boeing, Alaska Airlines, Max, Federal Aviation Administration, FAA, Citi, U.S, Defense, Irish, Ryanair, ”, Boeing Co, AP Locations: Seattle, Indonesia, Ethiopia, Arlington , Virginia, Alaska, Calhoun, New York

☆ Stocks making the biggest moves midday: Digital World Acquisition Corp., Boeing, Disney and more
▼ + stars: | 2024-03-25 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Masimo — The medical technology company climbed nearly 5%. Wells Fargo upgraded the stock to overweight from equal weight in light of the news. Super Micro Computer — The chip stock jumped nearly 10% after JPMorgan initiated coverage of the high-flying name. Foot Locker — Shares jumped 7% after Evercore upgraded shares to outperform from in line. Digital World Acquisition Corp. — The special purpose acquisition company leapt 26% after shareholders approved a merger with former President Donald Trump's social media company Trump Media & Technology Group, which owns Truth Social.

Persons: David Calhoun, Larry Kellner, Masimo, Wells Fargo, Samik Chatterjee, Chipmakers, Nelson Peltz's, Bob Iger, Evercore, Foot, Wedbush, GameStop's, Donald Trump's, Alex Harring, Jesse Pound, Hakyung Kim, Pia Singh, Sarah Min Organizations: Boeing, JPMorgan, Department of Energy, Semiconductor, Micron Technology, Nvidia, VanEck Semiconductor, Disney, Barclays, Fund Management, Mizuho, GameStop, Trump Media & Technology Group, Trump Media, United Airlines —, Reuters, U.S . Federal Aviation Administration, United Airlines Locations: Wells, Cleveland, Department of Energy . Cleveland, Ohio, Pennsylvania

☆ United Airlines is facing tighter scrutiny and may have to pause expansion plans after several safety incidents like a tire falling off a plane
▼ + stars: | 2024-03-25 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

The FAA is upping its oversight of United Airlines following a spate of safety events. A tire fell off a United Boeing 777 and another plane veered off the runway, among others. Bloomberg reports United is being stopped from approving new pilots and may not be allowed to add new routes. AdvertisementUnited Airlines is facing tighter scrutiny from the Federal Aviation Administration following a string of safety incidents. The moves could hamper the airline's "United Next" plan, which aims to expand its capacity with 800 new jets by 2032.

Persons: —, Sasha Johnson Organizations: FAA, United Airlines, United Boeing, Bloomberg, Service, Airlines, Federal Aviation Administration, Business, Boeing, Max, Houston Intercontinental Airport, Alaska Airlines

☆ Billionaires going to space aim to industrialize the moon, asteroids, and Mars. It's time to set some ground rules.
▼ + stars: | 2024-03-23 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +10 min

Read previewThe space business is in bloom and, so far, it's largely unregulated. Other space startups have ambitions including asteroid mining, in vitro fertilization (IVF) in space, and space hotels. As space startups and billionaires vie for a foothold on the moon and beyond, experts say governments probably need to start setting some ground rules. Seven of the world's 10 biggest commercial space operators are based in the US, according to the Organisation for Economic Co-operation and Development. AdvertisementIn another vein, last year Florida passed a bill to protect space companies and their owners from getting sued over spaceflight passenger death or injury.

Persons: —, Jeff Bezos's, Elon Musk, Bezos, NASA What's, George Nield, Galileo, Joel Kearns, Richard Branson, Galactic's, Lyndon B, Johnson, Jeff Bezos, Joe Raedle, Michelle Hanlon, Jared Isaacman, William Shatner, Hanlon Organizations: Service, NASA, Houston, SpaceX, Business, Northeastern University, Federal Aviation Administration's, Space Transportation, JPL, FAA, Virgin Galactic, Virgin, Getty, Artemis Accords, Hague Institute, Global Justice, Washington, Companies, Shepard, Center for Air, Space, University of Mississippi School of Law, titans, US International Trade Commission, Organisation for Economic Co, Federal Communications Locations: Mars, Russia, China, Blue, Florida

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