Boeing papers show employees slid 737 Max problems past FAA
A newly released batch of emails and text messages shows Boeing employees raising doubts among themselves about the safety of the 737 Max and talking about hiding problems from regulators. The documents came to light Thursday, nearly 10 months after the aircraft was grounded over two catastrophic crashes. They are likely to fuel allegations that the aircraft manufacturer put speed and cost savings ahead of safety in rolling out the Max.
Boeing travails begin to ripple, 2,800 jobs lost in Kansas
WICHITA, Kan. (AP) — Problems for Boeing and its troubled 737 Max aircraft are beginning to ripple outward with a major supplier announcing that it will lay off more than 20% of its workforce in Kansas, where it is based. The announcement of 2,800 layoffs at a major employer in Wichita, the state’s biggest city, come one day after documents became public showing that Boeing employees raised doubts about the safety of the 737 Max. The layoffs threaten to damage a state economy that’s been solid for months, with low unemployment. Spirit produced about 70% of the 737 Max, including the fuselage. Contracts with Boeing for the Max represents more than half of Spirit’s annual income.
US adds 145,000 jobs; unemployment holds at 3.5%
WASHINGTON (AP) — U.S. employers downshifted on hiring in December, adding 145,000 jobs heading into a presidential election year. The Labor Department said Friday that the unemployment rate held at 3.5% for the second straight month, prolonging a half-century low. Hiring slipped after robust gains of 256,000 in November.
Harry, Meghan seek financial independence: Will that work?
LONDON (AP) — Prince Harry and his wife Meghan want to break with royal tradition and become financially independent. They have said they won’t use the taxpayer money that pays for 5% of their office expenses but beyond that it’s not clear how they plan to change their financial setup. Both say they want to be free to work and to expand their involvement in numerous charities. They may continue to use private funds from Harry’s father, Prince Charles, through his control of a large estate known as the Duchy of Cornwall. Harry also inherited money from his late mother Princess Diana and Meghan had a successful TV career.
Google legal chief leaving amid sexual misconduct troubles
SAN FRANCISCO (AP) — Google’s parent company Alphabet says David Drummond, its legal chief, is leaving at the end of the month. Drummond has faced accusations of inappropriate relationships with employees. Alphabet did not give a reason for Drummond’s departure in a regulatory filing Friday. The company said last November that it was investigating sexual misconduct cases against executives. Claims against Drummond were included in the investigations. The company said Friday that Drummond is not getting an exit package as part of his departure. Drummond does not mention the misconduct allegations in a memo to employees on his departure. He joined Google in 2002.
AP Explains: Not all cyber threats equally worrisome
WASHINGTON (AP) — Multiple local and state governments in the last week have reported what they say is suspicious cyber activity on their networks. Just days earlier, a targeted U.S. airstrike had killed a top Iranian general in Iraq. It’s not clear that any of those cyber actions was intended as retaliation, but there’s no question that the current conflict with Iran has exacerbated cybersecurity concerns. But terminology matters. Not all cyber threats are equally troublesome, the work of a foreign government or a precursor to the type of Russian interference seen in the 2016 election on behalf of President Donald Trump.
Lawsuit forces Uber to stop operating in Colombia
BOGOTA, Colombia (AP) — Uber says it will stop operating in Colombia following stiff opposition from taxi drivers’ unions and a lawsuit that said the ride-sharing app was breaking local transport laws. Uber said in a statement Friday it will cease operating in Colombia on Feb. 1 and will comply with a December ruling by Colombia’s Superintendency for Industry and Commerce that had ordered the app to shut down. The company said that it will appeal the ruling, which it described as “arbitrary” and in violation of a free trade agreement between Colombia and the United States.
US stocks pull back from records following jobs report
NEW YORK (AP) — U.S. stock indexes retreated from their record highs after a government report showed that hiring was a touch weaker than expected last month. Employers added 145,000 jobs, short of the 160,000 economists had forecast. But the number was solid enough to cement Wall Street’s view that the job market is holding up and can continue allowing households to spend, preserving the largest part of the economy. The bond market rallied after the report showed workers’ wages aren’t rising much, which lessens the threat of inflation. The yield on the 10-year Treasury note fell to 1.82% from 1.85%.
The S&P 500 fell 9.35 points, or 0.3%, to 3,265.35. The Dow Jones Industrial Average briefly topped the 29,000 level for the first time, but it ended at 28,823.77, down 133.13, or 0.5%. The Nasdaq composite dropped 24.57, or 0.3%, to 9,178.86. The Russell 2000 index of smaller-company stocks fell 7.34, or 0.4%, to 1,657.64.