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FAA seeks $19.7 million penalty against Boeing over sensors

Federal regulators want to fine Boeing $19.68 million for installing sensors that the agency says might not have been compatible with a system pilots use to see instrument readings.
Austin officials cancel South by Southwest festival

Austin officials cancel South by Southwest festival

AUSTIN, Texas — The organizers of South By Southwest — which draws hundreds of thousands of visitors and some of Hollywood and music's biggest stars — announced Friday they had cancelled the annual arts and technology festival, saying they're “devast
Oil price dives as OPEC, Russia fail to agree on output cut

Oil price dives as OPEC, Russia fail to agree on output cut

VIENNA — OPEC and key ally Russia failed to agree Friday on a cut to oil production that would have contained the plunge in the price of crude caused by the new coronavirus outbreak's massive disruption to world business.
Plunging yields force investors and Fed to rethink strategy

Plunging yields force investors and Fed to rethink strategy

WASHINGTON — The response in stock markets to the growing risk from the coronavirus has been swift and fierce. But a better gauge of fear on Wall Street may be the bond market, where the moves over the past few weeks have been even more breathtaking.
Roller-coaster week ends with bond yields, stocks sinking

Roller-coaster week ends with bond yields, stocks sinking

NEW YORK — A dizzying, brutal week of trading dropped one last round of harrowing swings on investors Friday. After skidding sharply through the day as fear pounded markets, steep drops for stocks and bond yields suddenly eased up in the last hour.
North American stock markets end volatile week not far from where they started

North American stock markets end volatile week not far from where they started

TORONTO — North American stock markets fell to end a volatile week on the impact of OPEC failing to reach a deal to cut oil output along with continued worries about the novel coronavirus outbreak.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange ( 16,175.02, down 378.97 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Down four cents, or 4.17 per cent, to 92 cents on 15.
COVID-19 threatens Canadian aerospace companies as global air travel plummets

COVID-19 threatens Canadian aerospace companies as global air travel plummets

MONTREAL — The novel coronavirus is wreaking havoc on the global airline sector, rippling outward to aerospace companies in Canada.

Part of Syncrude oilsands upgrader remains down after fire last Sunday

CALGARY — Part of Syncrude Canada's oilsands mining complex in northern Alberta remains out of commission following a fire last Sunday evening.
US job market looked robust before virus outbreak escalated

US job market looked robust before virus outbreak escalated

WASHINGTON — Hiring in the United States jumped in February as employers added 273,000 positions, evidence that the job market was in strong shape before the coronavirus began to sweep through the nation.