Boeing announced a new problem with the troubled 737 Max — this time, the issue is with its electrical system. “Boeing has recommended to 16 customers that they address a potential electrical issue in a specific group of 737 Max airplanes prior to further operations,” the company said. Airlines need to verify that one of…… MORE
In another sign that air travel is rebounding, Southwest told 3,000 flight attendants and pilots on leave it’ll need them back on the job by this summer. Southwest was able to avoid involuntary layoffs and furloughs that other airlines imposed during last year’s downturn. It accomplished that after 4,000 of its 61,000 employees took buyouts…… MORE
Airlines have panned the UK government’s plan to restart foreign travel, arguing that expensive mandatory coronavirus tests will make vacations and family visits unaffordable for everyone but the rich. Under the “traffic signal” framework unveiled by the government on Friday, even Brits who travel to “green” countries deemed to be low risk must take a…… MORE
Sean “Diddy” Combs is accusing General Motors of name-dropping his network to score points with Black America. The 51-year-old Bad Boy Records founder called out GM on Thursday for using its business relationship with the Revolt Media and TV cable network he founded in 2013 as a shield against racism accusations made by the leaders…… MORE
Soon guests will be able to walk alongside Earth’s Mightiest Heroes when “Avengers Campus,” the new land based on the Marvel franchise, opens at Disney’s California Adventure on June 4. The land — which is located at the sister theme park of Disneyland in Anaheim, California — is the company’s latest undertaking at its parks…… MORE
Walt Disney World is celebrating its 50th anniversary this year, and Disneyland plans to reopen later this month. But Disney Parks Chairman Josh D’Amaro is thinking about the next 50 years. “It’s going to be fresh, it’s going to be technology-ridden. It’s going to be incredibly relevant to guests all around the world,” the Disney…… MORE
General Motors is temporarily shutting down more auto plants, leading to tight inventories at dealerships and higher prices for customers. The global chip shortage is to blame. The company announced it would shut production at two US plants — in Spring Hill, Tennessee, and Lansing Delta Township, Michigan, in the coming weeks. GM also extended…… MORE
Wall Street is once again betting on infrastructure. And after four years of dashed hopes, investors have reason to believe Washington will finally get something done to repair highways, and spend more on telecom networks. President Biden’s proposed $2 trillion infrastructure plan has the market excited. The iShares U.S. Infrastructure exchange-traded fund and Global X…… MORE
The Biden administration is keeping up the pressure on Chinese technology firms by adding more companies to a Commerce Department blacklist. Seven Chinese businesses with ties to the military were added to the so-called Entity List on Thursday in a move that restricts US firms from dealing with the companies. All seven of the listed…… MORE
AstraZeneca’s vaccine is key to ending the global economic slump caused by the coronavirus. But a series of missteps by the drugmaker and new concerns over blood clots risk undermining public confidence in the shot and delaying the recovery. European drug regulators confirmed a link between the Oxford-AstraZeneca Covid-19 shot and rare blood clots on…… MORE
