Tuesday, February 11, 2020

Exclusive: U.S. FAA agrees it must boost safety oversight for Southwest Airlines - report

Reuters.com Newsletter

Exclusive: U.S. FAA agrees it must boost safety oversight for Southwest Airlines - report

The U.S. Federal Aviation Administration says it should have done a better job of ensuring Southwest Airlines Co had certified completion of maintenance on 88 used Boeing 737 jets, as noted in a report by the U.S. Transportation Department's Inspector General seen by Reuters ahead of its release.

Oil prices rise about 1%, up from 13-month low as virus cases slow

Oil prices rose about 1% on Tuesday, up from 13-month lows as the number of new coronavirus cases slowed in China, easing some concern over the potential for lengthy oil demand destruction.

Exclusive: Germany's Volkswagen and Daimler push for more 'sustainable' Chile lithium

German automakers Volkswagen and Daimler have launched a study to push for more "sustainable" lithium mining in Chile, according to lobbyist filings reviewed by Reuters, a sign of growing supply chain concerns ahead of an expected electric vehicle boom.

Lyft forecasts slower growth in 2020, leaves target profit unchanged

Lyft Inc on Tuesday forecast slower growth in the new year as ridership growth stagnated in the second half of 2019, disappointing investors and sending shares down 3.7% after hours.

S&P 500, Nasdaq eke out new closing highs

S&P 500 and the Nasdaq inched to their second consecutive record closing highs on Tuesday as Chinese officials said the deadly coronavirus epidemic could be contained by April.

T-Mobile-Sprint merger wins approval from U.S. judge

T-Mobile US Inc's edged closer to a takeover of Sprint Corp after a federal judge on Tuesday approved the deal, rejecting a claim by a group of states that said the proposed transaction would violate antitrust laws and raise prices.

Investors expect any T-Mobile/Sprint deal price haircut to be small

T-Mobile US Inc may be limited in its ability to trim the price of its $40 billion acquisition of Sprint Corp after it overcame regulatory obstacles to completing the deal, investors and analysts said on Tuesday.

Fed's Powell says economy in good place, warns on coronavirus

Federal Reserve Chair Jerome Powell told Congress on Tuesday that the U.S. economy is in a good place, even as he cited the potential threat from the coronavirus in China and concerns about the economy's long-term health.

Stocks surge to record highs on hopes virus is peaking, gold ebbs

Major U.S. and European stock indexes surged to fresh records on Tuesday after China's senior medical adviser suggested the deadly coronavirus may be over by April, an outlook that also helped crude prices gain on hopes of renewed Chinese demand.

Hyundai signs development deal with another electric vehicle startup

Korean automaker Hyundai Motor Co broadened its future transportation portfolio with an agreement to jointly develop electric vehicles with California startup Canoo, the companies said on Tuesday.

Samsung unveils foldable Galaxy Z phone, Galaxy S with 5G

Samsung Electronics on Tuesday unveiled a foldable smartphone shaped like a large makeup compact, its second try at a novel technology that the South Korean cell phone maker hopes will set it apart from rivals Apple Inc and Huawei.

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