SoftBank wants to push Neumann out of the CEO role ahead of the IPO.Technologyread more
The next three weeks are among the rockiest, on a historical basis, of the entire calendar.Trading Nationread more
An annual survey by Piper Jaffray finds iPhone that users willing to upgrade to newly released models declined from last year.Technologyread more
The UK's Civil Aviation Authority said Thomas Cook had now ceased trading and the regulator would work with the government to bring the more than 150,000 British customers...Europe Marketsread more
New York Fed President John Williams said Monday that the central bank acted quickly during last week's jolt to overnight lending markets and that the issue appears resolved...The Fedread more
The U.S. manufacturing sector recovered in September with activity growth hitting a five-month high, according to IHS Markit.Marketsread more
For incoming European Central Bank President Christine Lagarde, the U.S.-China trade war is the biggest threat to the global economy.Marketsread more
Samsung said on Monday it will launch the Galaxy Fold in the US on Sept. 27. The launch was delayed from April after reviewers found it broke easily. Samsung says it has fixed...Technologyread more
The holidays are a critical time for many brands, accounting for as much as 30% of a retailers annual sales. Heading into the gift-giving season, shoppers are expected to...Retailread more
Microsoft is looking for a new way to grab business from retailers as they fend off Amazon.Technologyread more
Banks have historically used armies of mortgage brokers to gather income and asset documents from prospective borrowers.Financeread more
Indonesia's National Transportation Safety Committee (KNKT) said on Monday an airspeed indicator of a Boeing 737 MAX plane that crashed last week killing all 189 people on board was damaged for its last four flights.
The damage was revealed after data had been downloaded from the plane's flight data recorder, KNKT chief Soerjanto Tjahjono told reporters, adding that it was asking Boeing and U.S. authorities what action to take to prevent similar problems on this type of plane around the world.
"We are formulating, with NTSB and Boeing, detailed inspections regarding the airspeed indicator," he said, referring to the U.S. National Transportation Safety Board.
It was not immediately clear whether the reported problem stemmed from a mechanical or maintenance issue, nor whether U.S. authorities would order any checks.
"We don't know yet where the problem lies, what repair has been done, what their reference books are, what components have been removed," said Nurcahyo Utomo, the KNKT sub-committee head for air accidents.
"These are the things we are trying to find out: what was the damage and how it was fixed."
Safety experts say it is too early to determine the cause of the crash on Monday last week of the Lion Air flight from Jakarta to the tin-mining town of Pangkal Pinang.
Authorities have yet to recover the jet's cockpit voice recorder from the sea floor, just northeast of Jakarta, where the plane crashed 13 minutes into its flight.
Boeing declined to comment. The U.S. manufacturer has delivered 219 737 MAX jets to customers globally, according to Boeing's website, and it has 4,564 orders for jets that have yet to be delivered.
The Boeing 737 MAX is a more fuel-efficient version of the manufacturer's popular single-aisle jet.
The Lion Air crash was the first involving the type of plane, which airlines introduced into service last year.