Category: Business

Boeing’s 737 MAX plane received clearance to resume flying in Britain on Wednesday, after the UK regulator followed the EU’s air safety watchdog in approving the jet. Regulators across the world have been assessing changes made to the MAX and its anti-stall software, after the plane was grounded in March 2019 following two crashes which […]

European regulators on Wednesday lifted a 22-month ban on flights of the Boeing 737 MAX after a design and pilot training overhaul in the wake of crashes that killed 346 people. The European Union Aviation Safety Agency (EASA) confirmed a provisional approval given in November, but dropped calls for an extra flight-angle sensor to back […]

AT&T Inc said on Wednesday it wrote down its premium TV business, which includes satellite television unit DirecTV, by $15.5 billion, reflecting the impact of years of cord-cutting in the industry as viewers move to cheaper online streaming services. The fourth-quarter writedown comes as sources have said AT&T has entered into exclusive talks to sell […]

Oil prices were little changed on Wednesday, despite a massive drawdown in U.S. crude inventories, as ongoing concerns about the coronavirus pandemic tempered buying interest. U.S. crude oil stocks dropped by nearly 10 million barrels last week to their lowest levels since March, surprising the market, which was looking for a modest increase in stocks. […]

AMC Entertainment Holdings Inc said on Wednesday it had raised $304.8 million by selling shares during an unprecedented social media-driven rally in its stock, though the U.S. movie theater firm could have raised about four times more by waiting one more day. AMC was forced to raise capital to stay afloat after its ticket sales […]

Stocks fell around the world on Wednesday as investors turned more cautious over stretched valuations and the economic impact of the COVID-19 pandemic, while the dollar rose on its safe-haven appeal. Oil prices were little changed as demand concerns were mostly offset by a large drop in U.S. crude inventories. Stocks in the United States […]

An unprecedented flood of bets by amateur investors may have cost Wall Street hedge funds billions of dollars on Wednesday, but one private equity firm was sitting pretty. A $600 million bond investment that buyout firm Silver Lake made in AMC Entertainment Holdings in 2018 is now in the money thanks a 301% surge in […]