Nasdaq slides as chipmaker Micron’s warning sparks tech rout

Nasdaq slides as chipmaker Micron’s warning sparks tech rout

Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, US, August 8, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Micron tempers forecast as demand weakness deepens Novavax falls 25% after cutting revenue view by half Indexes mixed: Dow flat, S&P off … Read more

China’s home-grown C919 jet nears certification as test planes complete tasks

China’s home-grown C919 jet nears certification as test planes complete tasks

The fifth prototype of China’s home-built C919 passenger plane takes off for its first test flight from Shanghai Pudong International Airport in Shanghai, China October 24, 2019. Picture taken October 24, 2019. REUTERS/Stringer Register now for FREE unlimited access to Reuters.com Register SHANGHAI, July 23 (Reuters) – China’s homegrown C919 narrow-body jet, designed to challenge … Read more

Wall Street closes sharply higher on strong corporate earnings

Wall Street closes sharply higher on strong corporate earnings

Boeing raises on deal to sell jets to 777 Partners Johnson & Johnson and IBM fall on dollar impact warning Halliburton, Hasbro, Truist rise after profit beat Indexes Up: Dow 2.43%, S&P 500 2.76%, Nasdaq 3.11% Biggest one-day percentage gain for Nasdaq since June 24 July 19 (Reuters) – US stocks closed with sharp gains … Read more

Aviation sector faces hiring headache as mechanics shortage looms

Aviation sector faces hiring headache as mechanics shortage looms

MONTREAL/BENGALURU, July 15 (Reuters) – Christophe Gagnon considered quitting his avionics studies as COVID-19 crippled aviation, but the 21-year-old stayed in class and now the industry is desperate for more like him to keep planes flying. Two years after lockdowns nearly grounded the airline industry, repair shops and suppliers are scrambling for students like Gagnon, … Read more

US wins authority to sixteen Russian oligarch’s planes

US wins authority to sixteen Russian oligarch’s planes

NEW YORK, June 6 (Reuters) – A US court on Monday issued warrants for the seizure of two luxury planes owned by Russian billionaire Roman Abramovich under US measures imposed after Russia’s invasion of Ukraine, court records showed. But the US government’s likelihood of gaining control of the aircraft worth nearly $400 million was uncertain. … Read more

Boeing shares plunge on array of charges, 737 MAX target in doubt

Boeing shares plunge on array of charges, 737 MAX target in doubt

April 27 (Reuters) – Boeing Co (BA.N) unveiled $2.7 billion in charges and added costs across its aircraft portfolio on Wednesday, and expressed doubts over hitting jet delivery targets as technical problems, inflation and supplier risks cloud its path toward recovery. Shares of the US planemaker fell to a nearly 1-1/2 year low after it … Read more

India’s aviation regulator bars 90 SpiceJet pilots from flying Boeing MAX planes

India’s aviation regulator bars 90 SpiceJet pilots from flying Boeing MAX planes

A Boeing 737 MAX airplane lands after a test flight at Boeing Field in Seattle, Washington, US June 29, 2020. REUTERS/Karen Ducey/File Photo Register now for FREE unlimited access to Reuters.com Register BENGALURU, April 13 (Reuters) – Indian budget carrier SpiceJet Ltd (SPJT.NS) said on Wednesday the country’s aviation regulator has asked 90 of its … Read more