Business

Federal Aviation Administration certifies Boeing 737 MAX 7

Monday, August 3 by SRN News

Aug 3 (Reuters) - The Federal Aviation Administration gave long-awaited approval on Monday for the Boeing 737 MAX 7, a milestone for the planemaker that has waited years to sell the smallest version of its best-selling airplane. (Reporting by David Shepardson; Editing by... Read More.

Record low Danube levels push some countries in Eastern Europe to the brink of energy emergency

Monday, August 3 by SRN News

BUDAPEST, Hungary (AP) - Numerous governments across Central and Eastern Europe are taking steps to conserve electricity and avert an energy crisis as record low water levels on the Danube River have forced power plants to the brink of shutting down. Persistent drought and... Read More.

American Family to buy remaining stake in specialty insurer Bowhead in $1.2 billion deal

Monday, August 3 by SRN News

Aug 3 (Reuters) - American Family Mutual Insurance Company will buy the remaining stake it does not already own in Bowhead Specialty in an all-cash deal, valuing the specialty insurer at $1.2 billion. Here are some other details: • Bowhead shareholders will receive $34 per share... Read More.

US signs deal to boost output of parts for Patriot, THAAD interceptor systems

Monday, August 3 by SRN News

Aug 3 (Reuters) - The U.S. Defense Department has signed a framework deal with Lockheed Martin and Northrop Grumman to expand the production capacity of components for the Patriot PAC-3 and THAAD missile interceptor systems, it said on Monday. Pentagon negotiators have pressed contractors to... Read More.

Ghana parliament backs tough cocoa farm protections, with up to 20 years in prison

Monday, August 3 by SRN News

ACCRA, Ghana (AP) - Ghana's parliament passed a bill that could send cocoa farmers to prison for up to 20 years if they convert their farms to other uses without government approval, according to a copy of the bill seen by The Associated Press.... Read More.

WestJet flight attendants to end strike after reaching tentative wage deal

Monday, August 3 by SRN News

By Nandan Mandayam Aug 3 (Reuters) - WestJet flight attendants will end their strike after reaching a tentative agreement with Canada's second-largest airline on Monday, the union representing them said, following hundreds of flight cancellations during a holiday weekend. The Canadian Union of Public Employees, which... Read More.

Wall St opens higher on Mideast deal hopes

Monday, August 3 by SRN News

Aug 3 (Reuters) - Main U.S. stock indexes opened higher on Monday as signs of de-escalating tensions in the Middle East dragged down crude prices, while investors prepared for another week packed with earnings and economic data. Amazon.com rose 3.8% and hit $3 trillion in... Read More.

UBS fined $125 million by US regulators for money laundering violations

Monday, August 3 by SRN News

WASHINGTON, Aug 3 (Reuters) - UBS was fined $125 million by U.S. regulators for alleged willful violations of the Bank Secrecy Act, the main U.S. anti-money laundering law. Monday's civil fine against UBS Financial Services is the largest ever imposed on a broker-dealer for Bank... Read More.

JPMorgan aims to deploy $750 billion into housing through 2035

Monday, August 3 by SRN News

Aug 3 (Reuters) - JPMorgan said on Monday it was planning to deploy more than $750 billion into housing through 2035, in a push to increase supply and support homeownership in the U.S. The planned deployment is part of JPMorgan's American Dream Initiative, unveiled earlier... Read More.

Falling oil prices help calm Wall Street’s inflation worries, while chip stocks get back to sinking

Monday, August 3 by SRN News

NEW YORK (AP) - Oil prices are easing and helping to calm Wall Street's worries that inflation could potentially get even worse. That has U.S. stock indexes rising early Monday, but several major chip stocks are falling again including Micron and AMD. The S&P... Read More.

Current Weather

Federal Aviation Administration certifies Boeing 737 MAX 7

Record low Danube levels push some countries in Eastern Europe to the brink of energy emergency

American Family to buy remaining stake in specialty insurer Bowhead in $1.2 billion deal

US signs deal to boost output of parts for Patriot, THAAD interceptor systems

Ghana parliament backs tough cocoa farm protections, with up to 20 years in prison

WestJet flight attendants to end strike after reaching tentative wage deal

Wall St opens higher on Mideast deal hopes

UBS fined $125 million by US regulators for money laundering violations

JPMorgan aims to deploy $750 billion into housing through 2035

Falling oil prices help calm Wall Street’s inflation worries, while chip stocks get back to sinking

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