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Sunday, September 15, 2019

Boeing, FAA say more time needed for fix of troubled 737 Max

Boeing and U.S. aviation regulators say the company needs more time to finish changes in a flight-control system suspected of playing a role in two deadly crashes. The Federal Aviation Administration said Monday it anticipates...

Lyft’s shares soar as investors bet on ride-hailing future

Lyft's shares soared as the company went public Friday, giving investors their first chance to bet on the future of the ride-hailing industry. The stock opened at $87.24, up 21 percent from its offering price...

Travelers stranded after Icelandic airline that once offered $99 flights from DFW collapses

REYKJAVIK, Iceland (AP) — Icelandic budget airline WOW Air collapsed under its financial problems on Thursday, leading it to ground planes and leave passengers stranded across two continents. The airline, a small carrier that specialized...

Buxton, CoStar announce strategic relationship

Fort Worth-based Buxton, an industry leader in customer and real estate site selection analytics, has entered into a strategic relationship with CoStar Group Inc. (NASDAQ: CSGP), a provider of commercial real estate information, analytics...

Boeing to make safety feature standard on troubled Max jets

Boeing will make standard on its troubled new airliner a safety feature that might have helped the crew of a jet that crashed shortly after takeoff last year in Indonesia, killing everyone on board. The...

Alvarado-based manufacturer acquired by management, New York investment firm

Alvarado-based Sabre Industries Inc., a manufacturer for mission-critical products for the utility and telecom industries, is being acquired by New York-based The Jordan Company L.P., an affiliate of The Resolute Fund IV L.P., in...

Fort Worth considering 20 percent tax abatement for more Facebook construction

The City of Fort Worth discussed a proposed tax abatement with Winner, LLC (Facebook) that was presented to the Fort Worth City Council during its Tuesday work session. "We are very excited about the ongoing...

Alcon acquries intraocular lens company PowerVision for $285M

Fort Worth-based Alcon, the eye care division of Novartis, announced March 18 it has acquired PowerVision Inc., a privately-held, U.S.-based medical device development company focused on creating fluid-based intraocular lens implants. Under the terms of...

Automated control system caused Ethiopia crash, flight data suggests

(The Conversation is an independent and nonprofit source of news, analysis and commentary from academic experts.) (THE CONVERSATION) Emerging evidence from the recent crash in Ethiopia suggests that malfunctioning automatic control systems overwhelmed the crew...

Trump: US grounding Boeing 737 Max 8, 9 after Ethiopia crash

WASHINGTON (AP) — The U.S. is issuing an emergency order Wednesday grounding all Boeing 737 Max 8 and Max 9 aircraft "effective immediately," in the wake of the crash of an Ethiopian Airliner that...