Category: Business

Boeing 737 Max Test Flights to Begin

Boeing has received Federal Aviation Administration approval to start test flights of its 737 Max to demonstrate that it can fly safely with new flight control software. The flights, which could begin as soon as Monday, represent a major step in the company’s effort to get its best-selling plane flying again. The Max was grounded

Coronavirus Bankruptcies Are Coming

Already, companies large and small are succumbing to the effects of the coronavirus. They include household names like Hertz and J. Crew and comparatively anonymous energy companies like Diamond Offshore Drilling and Whiting Petroleum. And the wave of bankruptcies is going to get bigger. Edward I. Altman, the creator of the Z score, a widely

The Economy Is Reeling. The Tech Giants Spy Opportunity.

SAN FRANCISCO — Even as Facebook grappled this month with an internal revolt and a cascade of criticism over its refusal to take action on President Trump’s inflammatory posts, the social network was actively making other bets behind the scenes. Late one Tuesday, as attention was focused on how Facebook might handle Mr. Trump, the

U.S. Economy Plunged Into Recession in February

WASHINGTON — The United States economy officially entered a recession in February 2020, the committee that calls downturns announced on Monday, bringing the longest expansion on record to an end as the coronavirus pandemic caused economic activity to slow sharply. The economy hit its peak in February and has since fallen into a downturn, the

Former U.A.W. President Gary Jones Pleads Guilty

The former president of the United Auto Workers Union, Gary Jones, on Wednesday pleaded guilty to embezzling union funds, becoming the highest-ranking union official to admit wrongdoing in a wide-ranging federal investigation that has involved more than a dozen senior union officials and at least three executives from Fiat Chrysler. Under a cooperation agreement reached