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...Other investors include Honda and Microsoft. But GM’s own investors have grown more cautious about Cruise in the wake of the accident....
...Boeing chief executive Dave Calhoun acknowledged in January that the company had made a mistake....
...When I last wrote about NYCB, a month ago, I argued that its problems are largely company-specific and non-contagious. The bank, born of two mergers (one of them with Signature!)...
...This was the company’s second accident at Courchevel: in 2017 another PC-12 hit the embankment before the start of the runway, damaging a wing and wheel....
...The US Federal Aviation Administration said it would examine whether the products the company built matched the design specifications approved by regulators and whether they were in a safe condition to operate...
...But Brenda Leong, a partner at Luminos Law, said it was “important for companies to understand that [the indemnities] are very narrowly focused and defined”....
...The Max resumed flight in late 2020 but the crisis blackened the company’s reputation and cost it tens of billions of dollars in damages, government fines and lost orders....
...The accident occurred at about 16,000 feet and just 10 minutes into the flight, said NTSB....
...Many of its engineers pine for its glory days and its former willingness to bet the company on progress: there is more excitement at companies such as Elon Musk’s SpaceX....
...“This is the darkest day in the history of Implats and our hearts are heavy for the lives lost and the individuals affected by this devastating accident,” Nico Muller, chief executive of Implats, said....
...This indemnity kicked in last year, and since then money has flowed from Treasury to the Bank....
...But an accident on Friday when part of a Boeing 737-9 Max fell off during an Alaska Airlines flight is a new problem for the US company, which was already struggling with deliveries and long-running supply...
...Separately, a man in his 60s working for construction company NCC died after an accident involving a crane used to extend Northvolt’s battery factory in Skellefteå, just below the Arctic Circle in Sweden...
...While the company has “initiated efforts and established programmes”, the report said, “the findings and recommendations indicate gaps in Boeing’s safety journey”....
...Ed Clark, a vice-president and general manager of the Seattle-area factory where the 737 Max is built, is leaving the company with “my, and our, deepest gratitude” for his contributions to the company over...
...In the US, concerns about accidents, noise and interference with other aircraft outweigh interest in convenience....
...The FAA has blocked Boeing from increasing its production rate for the jets and launched an audit of the company’s manufacturing and quality processes....
...A six-week audit by the FAA into Boeing and supplier Spirit AeroSystems’ production and quality control processes found “multiple instances where the companies allegedly failed to comply with manufacturing...
...accident in San Francisco....
...A third issue raised by the accident concerns regulation....
...He pointed to a portfolio company called Aidaly, which helps caregivers receive income from state and federal funds that are available to them....
...General Motors’ Cruise faces probes by numerous federal and state authorities, including the Department of Justice and Securities and Exchange Commission, after an accident that led to the shutdown of driverless...
...According to IATA, the global aviation trade body, on average a person would need to take a flight every day for 25,214 years to experience a fatal accident....
...Buried in the announcement was the following line (with our emphasis): In addition, the Company has given an indemnity in respect of any reduction in the value of the rights transferred in the event that...
...Calhoun also said the Max 9 accident was a hit to Boeing’s airline customers, but insisted the company had not lost their confidence....
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