John Biers

1 month ago | barrons.com | John Biers

The Justice Department said Friday it reached a preliminary agreement with Boeing to settle a long-running criminal probe into deadly 737 MAX crashes, drawing condemnation from some crash victim families. Under an "agreement in principle," Boeing will pay $1.1 billion and the Department of Justice (DOJ) would dismiss a criminal charge against Boeing over its conduct in the certification of the MAX, DOJ said in a federal filing.

1 month ago | macaubusiness.com | John Biers

Walmart on Thursday reported another solid quarter but warned of price increases due to President Donald Trump’s tariffs on China and other major trading partners. “We will do our best to keep our prices as low as possible but given the magnitude of the tariffs, even at the reduced levels, we aren’t able to absorb all the pressure,” Chief Executive Doug McMillon said in a conference call with analysts.

1 month ago | barrons.com | John Biers

Walmart on Thursday reported another solid quarter behind sales gains in the United States, but warned of higher prices and continued uncertainty over President Donald Trump's tariffs. "We will do our best to keep our prices as low as possible but given the magnitude of the tariffs, even at the reduced levels, we aren't able to absorb all the pressure," Chief Executive Doug McMillon said in a conference call with analysts.

1 month ago | yahoo.com | John Biers

The Trump administration unveiled Thursday a plan to overhaul the antiquated US air traffic control system, acting with industry and lawmakers' support on a hot-button issue after a deadly crash this year. Transportation Secretary Sean Duffy described the initiative as once-in-a-generation upgrade -- a project involving the rebuilding of some air traffic control towers and the replacement of radar, sensors and telecommunications with completely state-of-the-art versions.

1 month ago | barrons.com | John Biers

Microsoft co-founder Bill Gates announced Thursday an accelerated timeframe for giving away his fortune as he touted artificial intelligence as a game-changer to boost public health and save lives globally. Under a new timetable, the Gates Foundation will spend more than $200 billion over the next 20 years, shutting down in 2045. The organization had originally planned to close 20 years after Gates' death. The announcement came as Gates took aim at another billionaire tech titan, Elon Musk.