By Rajesh Kumar Singh CHICAGO (Reuters) – Jet engine maker CFM International said on Friday aviation regulators in the United States and Europe have certified a “more durable” high-pressure turbine kit for its LEAP-1A engines that power the narrowbody jets of Airbus. LEAP engines have been facing durability issues in regions with hotter and harsh…
(Reuters) – Credit ratings agency Fitch on Friday revised its outlook on Hungary to “stable” from “negative,” citing reduction in macroeconomic imbalances driven by improved coherence between fiscal and monetary policies. “The National Bank of Hungary (MNB) has maintained a tight monetary policy stance, while the government has taken steps to reduce the primary deficit…
(Reuters) – Super Micro Computer (NASDAQ:SMCI) said on Friday it has received an extension from the Nasdaq till Feb. 25 to file its delayed annual and quarterly reports, sending the AI server maker’s shares up 5% in extended trading. Last month, Super Micro named BDO USA as its auditor and submitted a compliance plan to…
MILAN (Reuters) – Stellantis (NYSE:STLA) on Friday said it planned to rejoin European auto lobby ACEA (BIT:ACE), which it had left at the beginning of 2023, in a move that might flag a more cautious stance for the automaker on its electrification plans. “Stellantis, Europe’s second largest carmaker, confirms that it intends to apply for…
(Reuters) – The Consumer Financial Protection Bureau published an order on Friday establishing supervisory authority over Google (NASDAQ:GOOGL) Payment Corp., the regulatory agency said in a statement. Source
By Maximilian Heath and Daniela Desantis BUENOS AIRES/ASUNCION (Reuters) – South America’s agricultural sector, a key source of global food, celebrated on Friday as the regional Mercosur bloc and the European Union struck a free trade agreement, though farmers said they wanted to see the small print of the deal. The agreement was reached after…
(Reuters) – Data analytics firm Palantir Technologies (NASDAQ:PLTR) and defense tech company Anduril Industries have partnered to use defense data for artificial intelligence training, the companies said on Friday. The partnership will leverage Palantir’s AI platform to structure, label and prepare defense data for training to deploy those models onto national security systems, while Anduril’s…
By David Shepardson CHICAGO (Reuters) – The head of the Federal Aviation Administration is working to streamline aircraft certification and strengthen oversight of Boeing (NYSE:BA) in the aftermath of an in-flight emergency in January. FAA Administrator Mike Whitaker said in an interview the agency is also restructuring how it approaches its broader aviation oversight after…
(Reuters) – A U.S. appeals court on Friday rejected a request by Turkey’s Halkbank to reconsider a ruling holding that the U.S. Department of Justice could prosecute the state-owned bank on charges that it helped Iran evade American sanctions. The New York-based 2nd U.S. Circuit Court of Appeals declined to have the full court reconsider…
(Reuters) – Oilfield services provider Flowco Holdings said on Friday it has filed for a U.S. initial public offering, the latest to capitalize on the recent revival in investor appetite for newly listed stocks. The U.S. IPO market, which had largely avoided large deals for nearly three years, is experiencing a revival as improving investor…
