Boeing CEO Says Simulator Training Drove New Forecast

Boeing chief David Calhoun said the driving factor behind its new forecast for returning the 737 MAX to service was the decision to recommend simulator training for pilots.

 
McDermott Unveils Bankruptcy Plan That Hands Control to Lenders

McDermott International outlined its intention to emerge from bankruptcy in the coming months under new ownership with a plan that pays bondholders a minimal recovery and wipes out existing shareholders.

 
FAA Lowered Bar for Southwest Approvals, Whistleblower Alleges

U.S. air-safety regulators likely acted improperly in the way they authorized Southwest Airlines to begin flights between California and Hawaii, according to the government agency that handles federal whistleblower complaints.

 
IBM's Turn Might Stick

Cloud and Red Hat deal return tech giant's growth prospects.

 
Tesla Tops Volkswagen to Become Second-Most-Valuable Auto Maker

Elon Musk has navigated Tesla into new and potentially lucrative territory, taking the electric-car maker's market value above $100 billion and, in the process, overtaking Volkswagen as the world's No. 2 most valuable auto maker.

 
Hallmark Says Crown Media Family Networks CEO Is Stepping Down

Hallmark said Bill Abbott, chief executive of Crown Media Family Networks, is stepping down. His successor has yet to be named, the company said.

 
Johnson & Johnson's Profit, Sales Rise

The health-products company reported net income of $4.01 billion for the latest quarter, with sales falling just short of expectations, including a 3.5% rise in its pharmaceuticals division and a 0.5% decline in medical devices.

 
Express to Close 100 Stores by 2022

The fashion retailer's announcement sent its shares higher.

 
Boeing's Latest Setback Could Have a Silver Lining

Everything seems to be going wrong for Boeing. In the latest batch of bad news, however, there may be some grounds for optimism.

 
Germany's Luxury Car Makers Lose their Shine

After decades of churning out huge profits and setting the standard for premium cars, Germany's top luxury auto makers are on the retreat, hurt by increased competition, allegations of foul play and tech-heavy upstarts.

(END) Dow Jones Newswires

January 22, 2020 15:15 ET (20:15 GMT)

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