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Shareholders of Boeing filed a claim against the American corporation about its concealment of information about the problems with the safety of 737 MAX aircraft and filed a class action lawsuit against it to the Federal Court of Chicago. Within two weeks after the crash of an Ethiopian airline on March 10, Boeing’s market value fell by $34 billion. Shareholders in the statement of claim indicated that Boeing, in order to compete with Airbus, was in a hurry to bring this model of airliner to the market, and put forward claims for alleged violations and securities fraud to the company's general director, Dennis Muilenburg. The suit of shareholders is not the only one that Boeing faces after the crash of two aircraft. Relatives of the victims also applied to lawsuits against it.
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
Oil prices climbed on Wednesday after U.S. crude inventories fell against analysts’ expectations, prompting a boost in the market amid the coronavirus resurgence. Brent crude futures gained 0.3%, or 14 cents, at $43.36 per barrel. U.S. ...
Intel Corp. (INTC.O) announced on Monday that Chief Engineering Officer Murthy Renduchintala would leave the company on August 3. The semiconductor manufacturing company said that it would reorganize its technology, systems architecture, and ...
On Monday, Deutsche Bundesbank’s President Jens Weidmann said in a newspaper interview that Germany would toughen its auditing and accounting regulations to prevent another scam like the Wirecard scandal. Wirecard AG (WDI), a financial ...
European shares fell earlier on Monday, weighed down by travel stocks after the U.K. placed a quarantine on travelers from Spain as the number of COVID-19 cases continue to surge. The pan-European STOXX index lost 0.5% at 0718 GMT. Meanwhile, ...
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