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Boeing, FAA officials called to testify in U.S. Senate on 737 MAX plane crashes

2 hours ago DieselGasoil Comments Off on Boeing, FAA officials called to testify in U.S. Senate on 737 MAX plane crashes
ADDIS ABABA/JAKARTA/WASHINGTON (Reuters) – Boeing Co faced growing pressure in Washington on Wednesday as U.S. lawmakers called for executives to testify about two crashed 737 MAX jets while the world’s biggest planemaker worked on returning the grounded fleet to the skies. Ethiopian Red Cross workers carry a body bag with the remains of Ethiopian Airlines Read More

South Korean watchdog cuts fine on Qualcomm after decade-old legal battle

3 hours ago DieselGasoil Comments Off on South Korean watchdog cuts fine on Qualcomm after decade-old legal battle
A Qualcomm sign is seen during the China International Import Expo (CIIE), at the National Exhibition and Convention Center in Shanghai, China November 6, 2018. REUTERS/Aly Song SEOUL (Reuters) – South Korea’s antitrust regulator has lowered a decade-old penalty imposed on U.S. chipmaker Qualcomm Inc by 18 percent to $200 million, the Korea Fair Trade Read More

Indonesia crash revelations raise pressure on Ethiopia probe

17 hours ago DieselGasoil Comments Off on Indonesia crash revelations raise pressure on Ethiopia probe
ADDIS ABABA/JAKARTA (Reuters) – The world’s biggest planemaker Boeing faced growing obstacles to returning its grounded 737 MAX fleet to the skies on Wednesday, while chilling details emerged of an Indonesian crash with similarities to the Ethiopian disaster. Ethiopian Red Cross workers carry a body bag with the remains of Ethiopian Airlines Flight ET 302 Read More

Petrochemical blaze near Houston extinguished, company says

18 hours ago DieselGasoil Comments Off on Petrochemical blaze near Houston extinguished, company says
HOUSTON (Reuters) – Firefighters on Wednesday extinguished a fire at a Mitsui & Co petrochemical storage site outside Houston that has been billowing acrid smoke for days, the company said. The blaze at Mitsui unit Intercontinental Terminals Co in Deer Park, Texas, was put out by 3 a.m., but fire crews continued to spray foam Read More

Firefighters contain petrochemical blaze, Texas expands air monitoring

1 day ago DieselGasoil Comments Off on Firefighters contain petrochemical blaze, Texas expands air monitoring
HOUSTON (Reuters) – Firefighters late Tuesday contained a raging inferno at a Mitsui & Co petrochemical storage site outside of Houston that has been billowing acrid smoke for days as Texas officials and environmental groups raced to expand air monitoring. The blaze at Mitsui unit Intercontinental Terminals Co in Deer Park, Texas, was reduced to Read More

Trump taps former Delta executive to head aviation regulator

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FILE PHOTO: An American Airlines Boeing 737 MAX 8 flight from Los Angeles lands at Reagan National Airport shortly after an announcement was made by the FAA that the planes were being grounded by the United States in Washington, U.S. March 13, 2019. REUTERS/Joshua Roberts/File Photo WASHINGTON (Reuters) – U.S. President Donald Trump will nominate Read More

U.S. bank regulator fines Citigroup $25 million for violating fair lending rules

2 days ago DieselGasoil Comments Off on U.S. bank regulator fines Citigroup $25 million for violating fair lending rules
FILE PHOTO: The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren WASHINGTON (Reuters) – The U.S. Office of the Comptroller of the Currency (OCC) said on Tuesday it has fined Citigroup $25 million for violating the Fair Housing Act after it Read More

European air regulator doesn’t trust American FAA, will keep 737 MAX grounded pending extra tests

2 days ago DieselGasoil Comments Off on European air regulator doesn’t trust American FAA, will keep 737 MAX grounded pending extra tests
The European Aviation Safety Agency (EASA) will keep Boeing’s 737 MAX 8 grounded until it performs its own safety tests on the jet. In the US, the Federal Aviation Administration (FAA) faces scrutiny for certifying the plane. “I can assure you that we will not let the plane fly on our side until we find Read More

Murdoch's new Fox debuts on Nasdaq, names ex-Speaker Paul Ryan to board

2 days ago DieselGasoil Comments Off on Murdoch's new Fox debuts on Nasdaq, names ex-Speaker Paul Ryan to board
FILE PHOTO: Paul Ryan speaks after meeting with U.S. President Donald Trump at the White House in Washington, U.S., December 20, 2018. REUTERS/Jim young (Reuters) – Fox Corp debuted on the Nasdaq on Tuesday, marking a new phase for billionaire Rupert Murdoch’s media business after the $71 billion sale of Twenty-First Century Fox Inc’s film Read More