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Exclusive: Boeing close to deal with Southwest for 737 MAX order – sources

Boeing Co is close to a deal to sell dozens of its 737 MAX 7 jets to Southwest Airlines Co, people familiar with the matter said on Wednesday.

Markets

SEC warns against investing in SPACs based solely on celebrity backing

The U.S. Securities and Exchange Commission (SEC) cautioned investors on Wednesday about buying shares of so-called special purpose acquisition companies only because they are backed by celebrities, including movie stars and athletes.

Markets

US extends US$14 billion lifeline to airlines in third government aid package

U.S. lawmakers on Wednesday gave final approval to a new US$14 billion payroll assistance package to U.S. airlines as part of a COVID-19 relief bill, the third round of government support to the struggling sector since March 2019.

Markets

Facebook asks court to dismiss US government, states antitrust cases

Facebook asked a federal court on Wednesday to dismiss major antitrust cases filed by the US Federal Trade Commission and nearly every US state, saying they failed to show the company had a monopoly or harmed consumers.

Markets

Biden’s US$1.9 trillion COVID-19 bill wins final approval in House

The House of Representatives gave final approval on Wednesday to one of the largest economic stimulus measures in U.S. history, a sweeping US$1.9 trillion COVID-19 relief bill that gives President Joe Biden his first major victory in office.

Markets

Texas power regulator, under pressure to roll back storm prices, huddles with Wall Street

The chairman of the Public Utility Commission of Texas huddled with Bank of America utility analysts on Tuesday as pressure mounted on him to reverse about US$16 billion in emergency power pricing that would hurt power plant operators.

Markets

Warren Buffett’s net worth reaches US$100 billion

Warren Buffett's fortune reached US$100 billion on Wednesday, as investors drove the stock price for his company Berkshire Hathaway Inc to a record level.

Markets

Exclusive: Texas power regulator, under pressure to roll back storm prices, huddles with Wall Street

The chairman of the Public Utility Commission of Texas huddled with Bank of America utility analysts on Tuesday as pressure mounted on him to reverse about US$16 billion in emergency power pricing that would hurt power plant operators.

Markets

US to name Feinberg to oversee US$500 million Boeing 737 MAX victim fund

The US Justice Department will name victim compensation experts Ken Feinberg and Camille Biros to oversee a US$500 million victim compensation fund for the relatives of 346 people killed in two fatal Boeing 737 MAX crashes, sources briefed on the matter said on Wednesday.

Markets

Exclusive: US to name Feinberg to oversee US$500 million Boeing 737 MAX victim fund

The U.S. Justice Department will name victim compensation experts Ken Feinberg and Camille Biros to oversee a US$500 million victim compensation fund for the relatives of 346 people killed in two fatal Boeing 737 MAX crashes, sources briefed on the matter said on Wednesday.

Markets

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