FAA Gives Boeing 90 Days to Come Up With Quality-Control Plan

The U.S. Federal Aviation Administration has asked Boeing to develop a comprehensive action plan within 90 days to address its systemic quality-control issues, after the midair blowout of a door plug on an Alaska Airlines jet last month. 


 
SEC Investigating Whether OpenAI Investors Were Misled

The regulator is examining the internal communications of CEO Sam Altman, after the board last year temporarily ousted him for alleged lack of candor. 


 
Air France-KLM Misses Forecasts as Israel-Hamas War Takes Toll

Air France-KLM reported an operating loss for the fourth quarter after the Israel-Hamas war disrupted travel to the Middle East and as company expenses continued to rise. 


 
IAG Profits Surge as Travel Boon Continues

IAG posted above-forecast profits in 2023 as travel demand remained strong, with capacity for the fourth quarter at 98.6% of prepandemic levels. 


 
Alibaba Cuts China Cloud Prices to Rekindle Division's Growth

Alibaba Group will cut cloud product prices in China to boost a promising division whose sales have slowed in recent quarters amid rising competition. 


 
XPeng, Volkswagen Expand Partnership to Accelerate EV Development

XPeng and Volkswagen signed an agreement to collaborate on software and sourcing, building on an existing partnership after the German carmaker took a nearly 5% stake in XPeng last year. 


 
HKEX's Profit Declines Amid Poor Market Sentiment

Hong Kong Exchanges & Clearing's quarterly net profit fell for the first time in over a year as the exchange operator fell victim to China's lackluster economic recovery and continued tepid demand for fundraising in one of Asia's biggest financial hubs. 


 
South32 to Sell Illawarra Metallurgical Coal for Up to $1.65 Billion

South32 has agreed to sell its Illawarra Metallurgical Coal business in eastern Australia for up to $1.65 billion to an entity owned by Golden Energy and Resources and M Resources. 


 
Baidu Shares Fall After Management Strikes Cautious Tone for 2024

Baidu's Hong Kong-listed shares fell sharply Thursday after management struck a cautious tone for 2024 amid a challenging outlook, despite reporting in-line results for the fourth quarter. 


 
Anheuser-Busch, Teamsters Avert Strike With Tentative Deal

The union, which represents about 5,000 brewery workers, had threatened to strike March 1 if a deal wasn't reached by Thursday.


(END) Dow Jones Newswires

02-29-24 0515ET