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Principal Financial close to Wells Fargo retirement unit acquisition-sources

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A Wells Fargo logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith (Reuters) – Principal Financial Group Inc is in advanced talks to acquire Wells Fargo & Co’s retirement plan services business, in a deal that could exceed $1 billion, people familiar with the matter said on Sunday. Wells Fargo has Read More

Ethiopian Airlines Boeing 737 MAX 8 crash: Questions that remain unanswered

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The crash of the 737 MAX 8 jet in Ethiopia has rocked the world and apparently spelled hard times for Boeing. The incident itself – as well as its aftermath – has also raised some questions that need to be answered. In the wake of the tragedy, the US manufacturer struggles to contain the fallout Read More

Boeing 737-800 makes emergency landing in Northern Russia, reports of engine failure

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A Moscow-bound Boeing 737-800 was forced to make an emergency landing in northern Russia before continuing its journey. Engine failure is suspected to be the cause of the incident, officials on the ground said. The aircraft was carrying 157 passengers and six crewmembers on board. It was traveling from the small city of Mirny, Siberia to Read More

Boeing halts 737 MAX deliveries amid fallout after deadly Ethiopian crash

4 days ago DieselGasoil Comments Off on Boeing halts 737 MAX deliveries amid fallout after deadly Ethiopian crash
The US based aviation corporation has paused deliveries of the ill-fated Boeing 737 MAX to customers after the aircraft type was grounded around the world following the deadly crash in Ethiopia. The move was announced by the company on Thursday. No time frame on when the deliveries might be resumed was immediately provided, yet the Read More

Boeing 737 MAX jets could be grounded for weeks as black box probe to start on Ethiopia crash

4 days ago DieselGasoil Comments Off on Boeing 737 MAX jets could be grounded for weeks as black box probe to start on Ethiopia crash
WASHINGTON/PARIS (Reuters) – Boeing Co’s 737 MAX 8 and 9 planes will be grounded for weeks if not longer until a software upgrade can be tested and installed, U.S. lawmakers said on Thursday, as officials in France prepare to begin analyzing the black boxes from a jet that crashed in Ethiopia. Boeing said on Thursday Read More

German parliament approves exemptions from diesel (gasoil) bans to incentivise retrofits

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BERLIN (Reuters) – The German lower house of parliament on Thursday passed a law exempting certain vehicles from driving bans for older diesel (gasoil) vehicles, and giving cities leeway to skip bans if their nitrogen oxide levels were close to meeting European limits. FILE PHOTO: German Minister for the Environment, Nature Conservation and Nuclear Safety Read More

France starts Boeing crash probe, jets could be grounded for weeks

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PARIS/ADDIS ABABA (Reuters) – Boeing Co’s 737 MAX 8 and 9 planes will be grounded for “weeks” until a software upgrade can be tested and installed, U.S. lawmakers said on Thursday, as questions mount about Sunday’s deadly crash in Ethiopia. Investigators in France will begin analyzing the crashed Ethiopian Airlines jet’s black boxes on Friday, Read More

‘Don’t sink! Don’t sink!’ Pilot reports reveal at least 2 incidents of Boeing 737 MAX 8 nosediving

5 days ago DieselGasoil Comments Off on ‘Don’t sink! Don’t sink!’ Pilot reports reveal at least 2 incidents of Boeing 737 MAX 8 nosediving
Boeing 737 MAX 8 pilots reported their planes nosedived and lost altitude in at least two incidents before the current safety scandal that has seen the aircraft grounded across the world. As Boeing deals with the fallout of its Boeing 737 MAX 8 planes being banned around the world following two deadly crashes, reports of Read More