Boeing earlier this week said it has completed a $4.7 billion purchase of key supplier Spirit AeroSystems, which builds fuselages for the giant aerospace company’s 737 Max jetliners, including an Alaska Airlines aircraft that suffered a door-panel blowout last year. The deal, in the works for more than a year, also brings Boeing’s largest provider [...]
The nation’s freight railroad companies are going to be able to try relying more on technology and inspect their tracks in person less often after the federal government last week approved their waiver request. The Association of American Railroads trade group asked for the relief from inspection requirements that were written in 1971 because railroad [...]
NEW YORK (AP) — Paramount has gone hostile in its bid for Warner Bros. Discovery, challenging Netflix, which reached a $72 billion takeover deal with the company last week. Paramount earlier this week said that it is going straight to Warner Bros. shareholders with a bid worth about $74.4 billion, or $30 per share in [...]
WASHINGTON (AP) — The Trump administration is bringing back dozens of Education Department staffers who were slated to be laid off, saying their help is needed to tackle a mounting backlog of discrimination complaints from students and families. The staffers had been on administrative leave while the department faced lawsuits challenging layoffs in the agency’s [...]
WASHINGTON (AP) — The Social Security Administration says it is planning to reduce visits to its field offices in half next year, a move that advocates for the agency fear signals more office closures are coming. Field offices have long been community-based branches that serve as the public face of the Social Security Administration and [...]
WASHINGTON (AP) — The Federal Reserve’s preferred measure of inflation slowed a bit in September, which could lead to an interest rate cut by the central bank at its meeting this week. Prices rose 0.3 percent in September from August, according to a new report from the Commerce Department, the same rate as the previous [...]
NEW YORK (AP) — The U.S. Department of Health and Human Services has outlined a strategy to expand its use of artificial intelligence, building on the Trump administration’s embrace of the rapidly advancing technology while raising questions about how health information would be protected. HHS billed the plan as a “first step” focused largely on [...]
The average rate on a 30-year mortgage fell again last week, slipping close to its low point so far this year. The decline brings the average long-term mortgage rate to 6.19 percent from 6.23 percent the previous week, according to mortgage buyer Freddie Mac. A year ago, the rate averaged 6.69 percent. It is the [...]