FAA Audit Finds Boeing Quality Control Failed in Alaska Air Incident

The FAA said that in order to hold Boeing accountable, it has halted production expansion of the company's 737 MAX planes and will continue its on-site presence at Boeing and Spirit's manufacturing facilities. 


 
Apple Hit With $2 Billion EU Fine Over Music Apps

A yearslong probe found the iPhone maker restricted app developers from telling users about other ways to subscribe to music-streaming services. 


 
JetBlue and Spirit Airlines Call Off Merger Deal

The move came weeks after a judge ruled that the $3.8 billion deal would reduce competition and harm cost-conscious fliers. 


 
Seoul Semiconductor Files Suit Against Amazon With European Court

The South Korean light-emitting diode manufacturer has filed a patent lawsuit against online retail giant Amazon.com with the newly created European Unified Patent Court. 


 
Bayer Decides Against Split For Now

Bayer said it doesn't plan to pursue a split into separate units for now, but didn't rule it out completely. 


 
Thales Profits Top Hopes on Record Orders

Thales posted better-than-expected earnings in 2023 and forecast strong sales growth this year, after increased military spending boosted its order book to a record high. 


 
Traton Sees Stable Margins as Profits Surge

Traton reported above-forecast earnings in 2023 but guided for flat margin growth this year, in what it described as a difficult environment for the industry. 


 
Former Twitter Executives Sue Musk Over Unpaid Severance

The company's former CEO, CFO, legal chief and general counsel dispute Musk's claim he had cause to fire them. 


 
NYCB's stock continues its slide despite analyst's vote of confidence

As interest rates remain high, the bank's exposure to multifamily housing is weighing on the minds of analysts. 


 
Nikola Appoints Thomas Okray as CFO

Executive previously served as finance chief of power-management company Eaton.


(END) Dow Jones Newswires

03-05-24 0515ET