George Noorey

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George Noorey

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It's a big day for Boeing and federal aviation safety regulators as they try to rebuild trust following two deadly crashes of 737 MAX airliners. Boeing has scheduled a briefing for about 200 pilots and airline representatives in Renton, Washington - home of the 737 assembly complex - where it's expected to outline software changes that controls a system designed to automatically prevent a mid-flight stall. A Senate panel in Washington, D.C. will also question the acting head of the FAA, the DOT's inspector general and the head of the NTSB.  (SA)

 

China's industrial firms posted their worst slump in profits since late 2011 in the first two months of this year, falling 14% Y/Y to 708B yuan ($106B), according to the National Bureau of Statistics. Beijing has already propped up the manufacturing industry by cutting the value-added tax, increasing infrastructure spending and reducing direct government intervention, but more support measures may now be on the horizon. (SA)

 

The International Trade Commission ruled against banning the import of several iPhone models to the US, dealing a blow to chipmaker Qualcomm and overturning a preliminary finding issued the same day that found Apple infringed on the chipmaker’s patent. (FT)

 

With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Josh Fenili.

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