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Boeing 737 MAX jet successfully completes first flight

The plane is the fourth version of the original 737, which made its first flight in 1967 and has become one of Boeing's most profitable aircraft. The 737 MAX features new engines from CFM International, a joint venture of General Electric and Safran SA of France , and other refinements that improve fuel efficiency by 14 percent compared with…

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Boeing 737 MAX jet successfully completes first flight

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Fed is clearly on a path of returning rates to normal: Williams

The Federal Reserve is clearly on a path of returning interest rates to a normal level of 3 percent to 3.5 percent over the next few years, a top Federal Reserve official said on Friday. Raising rates in December was the right thing to do, given the improvement in the labor market, San Francisco Federal Reserve Bank President

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Fed is clearly on a path of returning rates to normal: Williams

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Nissan recalling 930,000 cars for hood latch problem

Nissan Motor Co said Friday it will recall nearly 930,000 Nissan cars worldwide for potentially faulty hood latches, marking the third time since 2014 the automaker has recalled vehicles to address the problem. The Japanese automaker said it is recalling the 2013-2015 Nissan Altima, because its secondary hood latch may bind on account of improperly applied rust coating and remain in the unlatched position when the hood is closed. The U.S. National Highway Traffic Safety Administration, which said on Friday that 846,000 vehicles in the United States would be recalled, has received …

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Nissan recalling 930,000 cars for hood latch problem

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Xerox to split into two companies, Icahn to get board seats on one

Xerox Corp will split into two companies, one holding its legacy printer operations and the other its business process outsourcing unit, it said on Friday, in a bid to be more nimble after years of trying to integrate the businesses. Activist investor Carl Icahn, who first revealed a stake in Xerox in November, will get three board seats on the outsourcing company. Xerox Chief Executive Officer Ursula Burns said in an interview on Friday that the strategic…

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Xerox to split into two companies, Icahn to get board seats on one