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☆ Boeing investors seek answers after latest 737 production glitch
▼ + stars: | 2023-04-24 | by ( Valerie Insinna | ) www.reuters.com time to read: +2 min

Investors are clamoring for details on the extent of the problem, which Boeing said involves a “significant” portion of the 737 fleet where two brackets were improperly installed. But Wall Street has received little information from Boeing on its plan to fix the problem and the overall financial impact. “I'd like to have some numbers and some scale of the materiality of this, whether it affects deliveries, cash flow and all the rest,” Vertical Research Partners analyst Robert Stallard said. Calhoun said last week that Boeing will not revise current plans to increase MAX production this summer. However, the company has slowed 737 MAX deliveries, and the resulting delivery delay will remove approximately 9,000 seats from airlines’ summer schedules.

☆ Brazil's Embraer to build NATO-approved aircraft in Portugal
▼ + stars: | 2023-04-22 | by ( ) www.reuters.com time to read: +2 min

Embraer, which holds 65% of OGMA's capital, makes several types of planes, including a light attack aircraft called "Super Tucano". Embraer also manufacturers the KC-390 military cargo aircraft and it aims for more international deals to sell it. In 2019, the Portuguese government said it would buy five of Embraer's KC-390 military transport aircraft and a flight simulator for 827 million euros. Two sources familiar with the matter said on last week that Austria was looking to advance in talks with Embraer on purchasing four or five KC-390 military cargo aircraft. "President (Lula) wants to encourage the Brazilian defence industry and increase investment in the defence industry," Mucio said.

[1/2] An Airbus A320neo aircraft is pictured during a news conference tin Colomiers near Toulouse, France, October 17, 2017. Airbus' defense portfolio includes the A400M and the C295, which are respectively larger and smaller than Embraer's KC-390. De La Vela said he sees potential collaborations emerging in areas such as unmanned aircraft and space technologies, including for new products, adding that he would like to hear from Embraer before elaborating. De La Vela said Airbus expects the Brazilian MRTTs to open the Latin American market for the aircraft, noting talks with four other undisclosed countries in the region were underway. Reporting by Gabriel Araujo and Rodrigo Viga Gaier; Editing by Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.

☆ Sweden, Colombia interested in Embraer's KC-390, says Brazilian minister
▼ + stars: | 2023-04-14 | by ( ) www.reuters.com time to read: +2 min

RIO DE JANEIRO, April 14 (Reuters) - Brazilian Defense Minister Jose Mucio said late Thursday that countries such as Sweden and Colombia had expressed interest in buying Embraer's (EMBR3.SA) KC-390 military cargo aircraft. But the concept of the KC-390 is very big with all the countries," he told Reuters. "Sweden itself has talked about the KC-390, others have also talked about it and it's a big success. Sweden was expected to give an answer and Colombia is also interested in making an acquisition," he added. Earlier this week, Reuters reported, citing sources, that Austria was looking to advance in talks with Embraer on purchasing four or five KC-390 aircraft.

☆ MLB roundup: Rays make it 12 straight wins to open season
▼ + stars: | 2023-04-13 | by ( ) www.reuters.com time to read: +10 min

In his third start of the season, Boston's Chris Sale (1-1) was hit hard, yielding six runs (five earned) on seven hits. Detroit left-hander Eduardo Rodriguez allowed one run, seven hits and one walk in six innings, striking out three. Cincinnati's Hunter Greene worked six innings and allowed three runs on seven hits to go along with a season-high 10 strikeouts. Marlins starter Edward Cabrera allowed seven hits and two runs with four strikeouts and one walk in five innings. Eovaldi (1-2) allowed six runs on 10 hits with no walks and seven strikeouts over five innings.

☆ Inflation has to be the first priority for the Fed, says Former KC Fed Pres. Thomas Hoenig
▼ + stars: | 2023-04-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInflation has to be the first priority for the Fed, says Former KC Fed Pres. Thomas HoenigThomas Hoenig, FMR. Kansas City Fed president, joins 'Closing Bell: Overtime' to discuss the upcoming economic data reports and the Fed's potential next move.

☆ Boeing resumes 767 freighter deliveries after three-month pause
▼ + stars: | 2023-04-05 | by ( Valerie Insinna | ) www.reuters.com time to read: +1 min

WASHINGTON April 5 (Reuters) - Boeing Co (BA.N) confirmed on Wednesday it had restarted deliveries of its widebody 767 after a three-month pause caused by supplier quality issues. The U.S. planemaker was forced to halt deliveries of the 767F freighter and KC-46 tanker earlier this year after it discovered center fuel tanks made by a supplier were not properly sealed. Boeing declined to comment on when 767 deliveries restarted, but flight data shows it handed over a 767F freighter to FedEx on March 24. The same day, Boeing’s defense unit tweeted that a KC-46 tanker had been delivered to the U.S. Air Force. Stan Deal, head of Boeing Commercial Airplanes, told reporters last week that the company would resume 767 freighter deliveries “shortly,” with KC-46 tanker deliveries following afterwards.

☆ Boeing to take charges on KC-46 tanker over quality issue -finance chief
▼ + stars: | 2023-03-22 | by ( ) www.reuters.com time to read: +1 min

March 22 (Reuters) - Boeing (BA.N) Co. will take additional charges to the KC-46 tanker program due to a supplier quality issue with the center fuel tank, the company's finance chief said Wednesday. Earlier this month, the company confirmed that deliveries of the Boeing 767 freighter and KC-46 tanker were delayed as a supplier had not completed processes related to cleaning and paint adhesion on the center fuel tanks. "But now we have to go implement the fix both on production airplanes and some airplanes that are in the fleet." Boeing has taken $6.8 billion in charges on the tanker program since it was awarded a $4.9 billion contract by the U.S. Air Force in 2011. Reporting by Valerie Insinna; Editing by Toby Chopra and Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.

☆ Stocks making the biggest moves midday: Nvidia, First Republic, Nike, GameStop and more
▼ + stars: | 2023-03-22 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Wall Street analysts lauded the company's artificial intelligence leadership following its developer conference Tuesday. First Republic Bank — Shares of the regional bank were down nearly 16% on Wednesday. Its results can't be compared with Wall Street estimates because too few analysts cover the company. Petco Health and Wellness — Shares fell 17.5% after the company reported earnings. The Wall Street firm believes the self-driving car software stock is too expensive and could fall 35% from Tuesday's close.

☆ Stocks making the biggest moves premarket: GameStop, Luminar Technologies, Virgin Orbit & more
▼ + stars: | 2023-03-22 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

GameStop — The meme stock surged 44% after the company posted a quarterly profit for the first time in two years Tuesday. Luminar Technologies — Shares dropped nearly 9.2% after being downgraded by Goldman Sachs to sell from neutral. Petco Health and Wellness — The stock fell by 7.8% in early morning trading after the company reported fourth-quarter earnings that missed Wall Street's expectations. First Republic — Shares of the regional bank fell by 4.2% in premarket trading after jumping nearly 30% in Tuesday's session. Sales in China fell short of analyst expectations, and the company continued working through its inventories, which weighed on margins.

☆ These 74 stocks across 5 categories of AI are the top picks from the sector's leading fund managers.
▼ + stars: | 2023-03-18 | by ( Laila Maidan | ) www.businessinsider.com time to read: +11 min

These 74 stocks are picked by AI ETF managers. What she believes is unique about her fund is its heavy focus on quantum computing technology, making up 41.22% of the fund. While big data is used for different technologies, it enables AI to work with massive data sets in its machine-learning process. TipRanks, a financial technology website that uses AI to analyze financial data, created a stock list for what they deem are the best AI stocks based on popularity. TipRanks' list of nine of the best AI stocks have large market caps and are likely to remain relevant for a long time.

☆ Boeing 767 freighter, KC-46 tanker face delivery snags due to fuel tank problem
▼ + stars: | 2023-03-07 | by ( Valerie Insinna | ) www.reuters.com time to read: +2 min

WASHINGTON, March 7 (Reuters) - A new supplier problem has stymied deliveries of Boeing's (BA.N) 767 freighter and KC-46 tanker, the company confirmed on Tuesday. On Monday, Leeham News reported a software problem had delayed some 737 MAX deliveries by up to a year. A Boeing spokesperson told Reuters the issue "does not affect the timing of Boeing airplane deliveries and has no impact to our delivery outlook." Boeing characterized the problem as a documentation issue that will not require rewriting software, and which mostly impacts aircraft that have already been delivered. Boeing has not changed its delivery target of 70 to 80 Dreamliners this year.

☆ The US Air Force is stripping most of the identifying information off of its biggest planes
▼ + stars: | 2023-03-05 | by ( Thomas Novelly | ) www.businessinsider.com time to read: +6 min

US Air Mobility Command has ordered its refueling and cargo planes to obscure their identifying markings. "At the end of the day, it's still very clearly an Air Force plane unless you're going to start painting them white or something," Paladino said. A US Air Force C-130 with most of its markings removed at Rafael Hernández International Airport in Puerto Rico on February 25. Minihan's memo, which was leaked in late January, highlights the mentality and war footing on which he's placed Air Mobility Command, which has historically been used as a support organization for combat operations. Air Mobility Command played a major role in the Afghanistan evacuation in 2021 and continues to help deliver weapons and aid to Ukraine in its fight against Russia.

☆ Patrick Mahomes' wife Brittany Mahomes has built her own sports empire as a professional soccer player, part owner of a women's soccer team, and a fitness guru
▼ + stars: | 2023-02-13 | by ( Kelly Mclaughlin | Katherine Tangalakis-Lippert | Meredith Cash | ) www.businessinsider.com time to read: +9 min

Kansas City Chiefs quarterback Patrick Mahomes is celebrating his latest win with his wife Brittany. The Kansas City Chiefs selected Patrick in the first round of the NFL Draft in April 2017. Her team won its league in September 2017, according to her Instagram, and by October 2017 she was in Kansas City. I think the people are what we love the most about Kansas City," Mahomes said. He took the Chiefs to their second-consecutive Super Bowl in February 2021, though the team lost to the Tampa Bay Buccaneers.

This is their third trip to the NFL title game in four years and Kansas City fans can be heard throughout Phoenix singing the "tomahawk chop" chant. It is a jarring contrast to the displays of Native American culture and pride that Super Bowl hosts have invited to participate in the days leading up to the game. Chiefs fans are all but assured to perform the "tomahawk chop" cheer loudly in the minutes before kickoff, as they did prior to the game in their previous two Super Bowl appearances. And it's tone deaf," said Rhonda LeValdo, an Acoma Pueblo journalist who founded the Not in our Honor coalition in 2005, to advocate against the use of Native American imagery in sports. "I don't even understand what you guys are saying and you have the Chiefs logo and you guys are doing the chop."

☆ U.S., UK and Australia carry out China-focused air drills
▼ + stars: | 2023-02-09 | by ( Sandra Stojanovic | ) www.reuters.com time to read: +3 min

[1/5] A F-35B aircraft from the U.S. Air Force refuels during the annual Red Flag military exercise between the United States, Britain and Australia, in Nevada, U.S., February 8, 2023. REUTERS/Carlos BarriaNELLIS AIR FORCE BASE, Nevada, Feb 8 (Reuters) - The United States, Britain and Australia carried out joint air drills on Wednesday over the Nevada desert and beyond as part of an effort to simulate high-end combat operations against Chinese fighter aircraft and air defenses. U.S. Air Force Colonel Jared J. Hutchinson, commander of the 414th Combat Training Squadron that runs Red Flag, said the annual drills were not tied to any recent events. Air Commodore John Lyle, commander of the RAF's Air Mobility Force, told Reuters the mission during the Red Flag drills would simulate bringing the air forces into "an area where there has been an invasion by a hostile country." Australia contributed EA-18G Growler aircraft, according to data provided by Red Flag organizers.

☆ The AI craze has sent some stocks soaring up to 300%. This list of over 74 stocks across 5 categories features the top picks from the sector's leading fund managers.
▼ + stars: | 2023-02-08 | by ( Laila Maidan | ) www.businessinsider.com time to read: +11 min

☆ Low-income renters are frustrated by Biden's new plan to make housing more affordable because they don't think it does enough to combat surging rents
▼ + stars: | 2023-02-04 | by ( Jason Lalljee | ) www.businessinsider.com time to read: +6 min

The White House outlined actions it's taking to protect tenants amid rising rents and evictions. Tenants' groups told Insider that they wanted decisive legal and financial action from the president. In addition to that, the White House also published a "Blueprint for a Renters Bill of Rights," endorsing fair housing practices and a tenants' right to organize. "On the one hand, we are encouraged that the White House has released this Blueprint as a statement of values," Martin said. "As a blueprint, the document's statements don't do anything to materially help improve conditions for renters," he said.

☆ Chiefs QB Patrick Mahomes' wife Brittany Mahomes has built her own sports empire as a professional soccer player, part owner of a women's soccer team, and a fitness guru
▼ + stars: | 2023-01-30 | by ( Kelly Mclaughlin | Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +9 min

Chiefs quarterback Patrick Mahomes is celebrating his latest win with his wife Brittany. The Kansas City Chiefs selected Patrick in the first round of the NFL Draft in April 2017. She also became a part owner of Kansas City's women's soccer team when the National Women's Soccer League expanded to the city in 2020. I think the people are what we love the most about Kansas City," Mahomes said. On Sunday, Mahomes led the Chiefs to victory against the Bengals to secure a slot in the 2023 Super Bowl.

☆ A British youth working from a bedroom at his grandfather's house made 'slick videos' that could have inspired 2 US mass shooters, a court heard
▼ + stars: | 2023-01-28 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

Far-right videos made by a British teen were viewed by two men who went on to commit mass shootings. The court previously heard that his videos had been viewed by two men who went on to commit mass murders in the US last year. Payton Gendron, the then-18-year-old mass shooter who killed 10 Black people in Buffalo, New York, last May, was known to have watched Harris' videos. The Buffalo shooter commented on a video made by Harris about the perpetrator behind the 2019 mass shooting in Christchurch, New Zealand, The Guardian reported. The Buffalo shooter responded: "You are not alone my friend."

☆ Air Force general predicts war with China in 2025, tells officers to get ready
▼ + stars: | 2023-01-27 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Courtney-Kube-Circle-Byline-Template.Jpg | Courtney Kube | ) www.nbcnews.com time to read: +3 min

A four-star Air Force general sent a memo on Friday to the officers he commands that predicts the U.S. will be at war with China in two years and tells them to get ready to prep by firing "a clip" at a target, and "aim for the head." In the memo sent Friday and obtained by NBC News, Gen. Mike Minihan, head of Air Mobility Command, said, “I hope I am wrong. My gut tells me will fight in 2025.”Air Mobility Command has nearly 50,000 service members and nearly 500 planes and is responsible for transport and refueling. His order builds on last year’s foundational efforts by Air Mobility Command to ready the Mobility Air Forces for future conflict, should deterrence fail.”In March 2021, Adm. Philip Davidson, then commander of the U.S. Indo-Pacific Command, told a Senate Armed Services Committee hearing that “Taiwan is clearly one of [China’s] ambitions. “I think the threat is manifest during this decade, in fact, in the next six years,” said Davidson.

☆ CNBC Names Successor to Shepard Smith’s Show, Shakes Up Lineup
▼ + stars: | 2023-01-27 | by ( Will Feuer | ) www.wsj.com time to read: 1 min

KC Sullivan took over as president of CNBC in September. CNBC named a new show to succeed “The News With Shepard Smith” in a broad programming shake-up as president KC Sullivan puts his stamp on the network. CNBC, a unit of Comcast Corp.’s NBCUniversal, will replace the 7 p.m. show with “Last Call,” anchored by Brian Sullivan, according to a memo to staff on Thursday. The show, which will explore “the intersection of money, culture and policy” comes after CNBC canceled Mr. Smith’s 7 p.m. general-interest show in a bid to focus more on business-news coverage. Mr. Sullivan previously anchored “Worldwide Exchange” at 5 a.m.

The company reiterated it expects to generate $3 billion to $5 billion in free cash flow in 2023. Boeing generated $3.1 billion in free cash flow in the final quarter of 2022. Boeing reported $2.3 billion for all of 2022. Boeing reported fourth-quarter revenue of $20 billion, up from $14.79 billion in the same quarter in 2022, and a loss per share of $1.75. Earlier this month, Boeing reported a sharp jump in airplane orders and deliveries in 2022.

☆ See inside the Yankee Candle Founder's former home, a compound that features a Bellagio-inspired indoor water park, two-story arcade, and private concert venue
▼ + stars: | 2023-01-14 | by ( Grace Kay | ) www.businessinsider.com time to read: 1 min

Kittredge had three outdoor tennis courts and one indoor court constructed at the estate. The indoor tennis court also doubles as a concert venue, which has hosted such bands as The Doobie Brothers, as well as KC and The Sunshine Band. Yankee Candle founder's estate hits the market Courtesy of Surette Media Group

☆ EPA is investigating Colorado for potentially discriminating against Hispanic residents with air pollution regulations
▼ + stars: | 2022-12-28 | by ( The Associated Press | ) www.nbcnews.com time to read: +5 min

DENVER — The Environmental Protection Agency is investigating whether Colorado’s regulation of air pollution from industrial facilities discriminates against Hispanic residents and other racial minorities, according to a letter released Wednesday. Since then she’s pushed for community air monitoring and stronger protections, but it all feels too late. “We would have moved.”Advocates say the Suncor refinery too often malfunctions, spiking emissions. Nevertheless there are some signs the agency chose Colorado because it could prove a willing partner. Ian Coghill, an attorney with Earthjustice that is challenging the Suncor permit, says the push and pull between the EPA and state hasn’t yielded major improvements.

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