Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
President Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
Progress on trade talks will determine how far market will move above new highs.Trader Talk with Bob Pisaniread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Palantir Technologies is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics startup in four...Wall Streetread more
Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
The New England Patriots released Antonio Brown just 11 days after signing the wide receiver. The NFL Super Bowl champion team initially had kept him in the face of a rape...Sportsread more
The Wall Street Journal's report came as a top Ukraine official said President Donald Trump "is looking" for Ukraine officials to investigate business dealings of Biden's son...Politicsread more
A tour bus carrying Chinese-speaking tourists crashed near a national park in southern Utah, killing at least four people and critically injuring up to 15 others, authorities...U.S. Newsread more
Gun maker Colt announced Thursday that it will halt its production of AR-15 rifles for civilian sales, but the news might not be as exciting for gun control advocates as it...Guns and Weaponsread more
As thousands of people across the world participate in the Global Climate Strike, several Democratic presidential candidates have shared how they will take aggressive action...Scienceread more
(Adds details of FAA statement, background on crashes)
WASHINGTON, June 2 (Reuters) - The U.S. Federal Aviation Administration said on Sunday some Boeing Co 737 MAX and NG planes may have parts that were improperly manufactured and that it will require their replacement, the latest issue to hit the world's largest plane maker.
The FAA said up to 148 leading edge slat tracks manufactured by a Boeing sub-tier supplier are affected and cover 133 NG and 179 MAX aircraft worldwide. The FAA said a complete failure of a leading edge slat track would not result in the loss of the aircraft, but a failed part could cause aircraft damage in flight.
Slats are movable panels that extend along the front of the wing during takeoffs and landings to provide additional lift. The tracks are built into the wing.
The 737 MAX was grounded globally in March following a fatal Ethiopian Airlines crash after a similar Lion Air disaster in Indonesia in October. The two crashes together killed 346 people.
Chicago-based Boeing has yet to submit a software upgrade to the FAA as it works to get approval to end the grounding of the 737 MAX. Boeing did not immediately comment on Sunday.
The FAA said Boeing has identified groups of both 737 NG and 737 MAX airplane serial numbers on which these suspect parts may have been installed, including 32 NG and 33 MAX in the United States. The affected parts "may be susceptible to premature failure or cracks resulting from the improper manufacturing process," the FAA said.
The FAA will issue an Airworthiness Directive to require Boeing's service actions to identify and remove the parts from service, and operators will be required to perform this action within 10 days.
An FAA spokesman said the issue should not delay Boeing's planned submission of a software update and training revisions, but it is still not clear when that will be submitted.
The FAA has said it has no timetable for ending the grounding of the airplane, while Boeing said last month it had completed its software upgrade but was still working to address information requests from the FAA before it can schedule a certification test flight and submit final certification documentation.
Acting FAA Administrator Dan Elwell told reporters on May 23 in Texas after a meeting with more than 30 international air regulators that the agency had not decided yet on training requirements. (Reporting by David Shepardson; Editing by Will Dunham)