Boeing's production issues may prompt FAA review of hundreds of Dreamliner jets: WSJ

(Reuters) – The U.S. Federal Aviation Administration (FAA) is considering inspections that could cover hundreds of Boeing Co’s (BA.N) 787 Dreamliners after production issues at one plant, the Wall Street Journal reported, citing an internal government memo and people familiar with the matter. Boeing last month said that some airlines operating its 787 Dreamliners have removed eight jets from service […]

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Wall Street ends mostly higher as U.S.-China spat simmers

(Reuters) – U.S. stocks finished mostly higher on Friday after President Donald Trump announced measures against China in response to new security legislation that were less threatening to the U.S. economy than investors had feared. The Dow ended the session slightly lower, but all three indexes rose for the week and registered a second straight month of gains. The S&P […]

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Blackstone's EagleClaw Midstream sues Caprock over troubled deal

(Reuters) – Private-equity backed EagleClaw Midstream is suing the former owners of Caprock Midstream, alleging they failed to disclose tens of millions of dollars of liabilities during acquisition talks. EagleClaw in 2018 acquired natural gas pipeline operator Caprock Midstream Holdings from Energy Spectrum Capital and Caprock Midstream Management for $950 million. After the deal closed, EagleClaw discovered “numerous issues and […]

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Wall St. climbs 1% as historic job losses fewer than feared

(Reuters) – Major U.S. stock indexes climbed on Friday and were on track to log solid gains for the week after data showing historic job losses from the coronavirus crisis were slightly fewer than feared. All 11 S&P 500 sectors were positive, led by energy .SPNY and materials .SPLRCM. The U.S. economy lost 20.5 million jobs in April, the Labor […]

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Wall Street set to open higher on lockdown easing optimism

(Reuters) – U.S. stock indexes were set to open higher on Wednesday on hopes of a pickup in business activity with states easing coronavirus-led curbs, while investors looked past a stunning 20 million plunge in U.S. private payrolls last month. After slumping to 2016-lows in March, the benchmark S&P 500 rebounded strongly in April on unprecedented stimulus and signs the […]

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Wall Street surges on hopes of slowing coronavirus deaths

NEW YORK (Reuters) – U.S. stocks surged on Monday, with each of the major indexes rallying more than 5%, after a drop in the daily death toll in New York, the country’s biggest coronavirus hot spot, fueled hopes a leveling off of the pandemic was on the horizon. On Sunday, New York, the biggest U.S. hot spot, reported virus-related deaths […]

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