Boeing in talks to buy back fuselage maker Spirit Aerosystems

Airplane fuselages bound for Boeing’s 737 Max production facility sit in storage at their top supplier, Spirit AeroSystems Holdings Inc, in Wichita, Kansas, U.S. December 17, 2019.  Nick Oxford | Reuters Boeing is in talks to buy back Spirit Aerosystems, which makes fuselages for Boeing’s 737 Max jets, according to a person familiar with the … Read more

Transport giants have ‘cash to burn’ in freight recession rebound

Bloomberg | Bloomberg | Getty Images The transports industry remains under a cloud of uncertainty. The Covid boom fueled a major stock rally, but it was followed by a freight recession, overcapacity in ocean shipping and trucking, and now a sector rebound in a strong economy. All the companies involved in the movement of global … Read more

Yum China CEO says consumers are growing more ‘rational’

A KFC restaurant in Wuhan, China. Source: Yum China While economists and investors fret over China’s low consumer confidence and sluggish growth, Yum China CEO Joey Wat says the Chinese consumer is growing more rational — and has been for years.   Weighed down by investors’ concern about the broader Chinese economy, shares of Yum … Read more

British telco giant BT expects to launch 5G standalone this year

An EE mobile phone store, operated by BT Group, in Reading, U.K. in 2020. Jason Alden | Bloomberg | Getty Images BARCELONA — British telecommunications giant BT says it expects to launch its first so-called “standalone 5G” network in 2024. Howard Watson, BT’s chief technology officer, told CNBC that the telco group plans to switch … Read more

Angela Chao death being investigated as criminal matter

Angela A. Chao hosts The New York City Opera Pre-Gala Celebration at a private residence in New York City on Oct. 21, 2010. Patrick McMullan | Getty Images The death earlier this month of Foremost Group CEO Angela Chao — the sister-in-law of Senate Minority Leader Mitch McConnell — is currently under “criminal investigation,” a … Read more

China making ‘concerted effort’ to dominate critical US port equipment

A top trade official at the Department of Homeland Security said in Capitol Hill testimony on Thursday that the Biden administration is concerned about the extent of Chinese manufacturing presence in critical U.S. port operations. During a House hearing that centered on cranes operating at the ports in the United States, 80% of which are … Read more

How Hyundai Motor Group became the world’s third-largest automaker

Hyundai Motor Group is the world’s third-largest automaker in the world by volume — but it wasn’t always so. In the late 1980s and 1990s, Hyundai cars suffered ridicule in America for being cheap and low quality. But that is no longer the case. The three auto brands in the automaker’s stable — Hyundai, Kia … Read more

Apple’s M3 Macs now part of self-service repair program

Apple CEO Tim Cook attends the Wonderlust event at the company’s headquarters in Cupertino, California, on Sept. 12, 2023. Loren Elliott | Reuters Apple on Thursday said it is expanding its self-service repair program to include its MacBook Pro and iMac models powered by the latest M3 chip. The program, which Apple announced in 2021, … Read more

Part Two’ hits theaters Friday amid box office drought

Timothee Chalamet stars as Paul Atreides in Denis Villeneuve’s “Dune: Part Two.” Warner Bros. | Legendary Entertainment LOS ANGELES — Movie theater operators are hoping that Warner Bros. and Legendary Entertainment’s “Dune: Part Two,” due out in theaters Friday, will be the much-needed oasis amid a drought of blockbuster content. Since the start of the … Read more

What drivers need to know

An all-electric Ford Mustang Mach-E at a Tesla Supercharger station charging. Ford DETROIT – Ford Motor is rolling out Tesla Supercharging capabilities to owners of its electric vehicles in the U.S. and Canada. The launch begins Thursday, but is expected to be supply constrained at the start. The Detroit automaker was the first to announce … Read more