Christmas time double. Boeing changes course in its crisis with the 737. 00 max the plane maker oust the c. E. O. And elevates an executive known for Crisis Management or will the move satisfy regulators and airlines. Also on the show briggs it made maybe around the corner but a trade deal is not. Spotted in london about how. Business and industry are approaching a critical 2020. And christmas is big business for ornament makers will look at a small polish shop thats been doing it for more than 20 years. This is your Business Report im Stephen Beardsley in berlin thanks for watching shares of boeing rose monday after the plane maker ousted its c. E. O. And turn to an executive touted for his Crisis Management David Calhoun a long time boeing director helped lead caterpillar and g. E. Out of struggles in recent years now hes tasked with recalibrating boeings approach to regulators and airlines as well as the victim families of 2 fatal crashes involving the now grounded boeing 737 max ca
Of. Christmas time on double. I controlled Software Designed to stop the plane from stalling was a major factor in both disasters right after the 2nd crash in march the 737 mex was grounded worldwide 2019 has left the ideation giant facing massive costs a raft of investigations and potentially devastating lawsuits right now its a tough spot in the sense that Airline Sales globally havent been as strong as they should then he threw off the fact that there us really on game night. Winning over some customers last week boeing said it was temporarily suspending production of the 737 max the federal Aviation Administration says recertify cation of the jets would extend into next year suggesting theres still a long way to go theres been keen focus on the companys Crisis Management and particularly on chief executive dennis mulan bugs leadership i think boeing has repeatedly overly optimistic and maybe not forthcoming about some of the severe challenges with the 7 37. 00 max and abortionists
Road map begins with the curse of the unicorn uber under pressure again. We have that softbank disaster after the funds wework debacle. Masa son saying his investment judgment was poor. Hp rallying ahead of the bell, the target of a potential takeover effort by xerox well start with uber. Shares facing more pressure after hitting an all time low yesterday. Company reports another billion dollars in losses as you know and the post ipo lockup period is expiring, freeing up a billion shares for trade the take among some is the shares are so underwater, maybe the expire doesnt mean as much. I dont buy that reasoning. I think that what matters on the conference call, they committed to losing money. Now they committed to making money in 2021. The patience level is lost here. I think this is one of those stocks where you say why do i need this, i can buy i can name ten other stocks and the kinds of stocks that are going up are value stocks, this is the ultimate of what youre not supposed to b
A school down significant systemic failure the 17 Grenfell Tower blaze the school down significant systemic failings in the london fire brigade but with little spotlight placed on city and government or thought these findings in the london fire brigade but with little spotlight placed on city and government authorities firefighters have told us that the focus is misplaced. Far far as not fighters and told us that the focus is misplaced. Far far as not calls for far. Far far no response from calls from our. Forefathers and no response from from the material on the outside of the tower. From the material on the outside of the towers. So a scathing new report by Human Rights Watch says the u. S. Sanctions are preventing ordinary so a scathing new report by Human Rights Watch says the u. S. Sanctions are preventing ordinary iranians from accessing lifesaving medicine. Unions from accessing lifesaving medicine. Even to you thanks for joining. Good evening to you thanks for joining us here o
Go. A congressional grilling for a c. E. O. At the center of a deadly scandal leads our global report today congressional grilling for a c. E. O. At the center of a deadly scandal leads our global report today as boeing chief executive dennis mulan bird goes before members of congress to face his sport as boeing chief executive dennis mulan bird goes before members of congress to face his 1st public interrogation regarding 2737 max crashes that killed a totalist public interrogation regarding to 737. 00 max crashes that killed a total of 346. 00 people spoke about the efforts at the Company Invested in will 346. 00 people spoke about the efforts that the Company Invested in improving their aerial technologies and their planes going forward. Weve brought the best of proving their aerial technologies and airplanes going forward. Weve brought the best. Bowing to the sefer we spent over 100000 engineering in test hours were going to this effort we spent over 100000 engineering and test hou