div > div.group > p:first-child"> Boeing — Boeing is set to tumble following the weekend crash of an Ethiopian Airlines 737 Max 8. The airline grounded the rest of its 737 Max 8 fleet, and the Chinese government took similar action following the crash. Boeing Issued a statement saying it is investigating but currently does not plan to issue any new guidance to operators.
Facebook — Nomura/Instinet upgraded Facebook to"buy" from"neutral," saying concerns over engagement trends have eased. The firm also points to a faster than expected transition to the Facebook Stories feed. Helen of Troy — Helen of Troy is putting its beauty unit up for sale, according to a Wall Street Journal report citing people familiar with the matter. The division, which makes products like Pert shampoo and Revlon hair dryers, is expected to bring in about $300 million if sold.
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Southwest says it remains 'confident' in its fleet of Boeing planes after Ethiopia crashSouthwest Airlines Co. expressed confidence in its Boeing Co. aircraft and said has no plans to change operations in the wake of a deadly crash involving a 737 Max 8 aircraft in Ethiopia. But shares of the airline fell over 3% in premarket trading, alongside a nearly 9% drop in Boeing shares. "As Southwest operates a fleet of 34 Boeing 737 MAX 8 aircraft, we have been in contact with Boeing and will continue to stay close to the investigation as it progresses," said a spokesman for the company. Ethiopian Airlines Flight 302 crashed shortly after takeoff from the capitol of Addis Ababa, killing all 157 people on board. It's the second deadly accident involving Boeing's popular 737 Max 8 in six months, with the last occurring in October when an Indonesia Lion Air jet crashed into the sea, killing all 189 on board. China's civilian aviation authority has ordered all airlines to ground those Max 8 planes, while Ethiopian Airlines has grounded its entire fleet of those planes. "We don't have any changes planned to our operational policies or procedures," said the Southwest spokesman. Losses for Boeing drove a 170-point drop in Dow futures. Boeing needs to ground all these new 737's immediately Caution is warranted pending the investigation and review of the facts at hand. Dont be a hero
Source: MarketWatch - 🏆 3. / 97 Read more »