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Boeing chief defends ‘delegation’ in sometimes testy hearing

Bloomberg Boeing Co’s chief executive declined to endorse specific reforms to bolster safety oversight of the aerospace giant during a sometimes angry grilling in his first appearance before Congress since two 737 Max crashes killed 346 people. Several senators pressed Dennis Muilenburg on possible changes to the so-called delegation programmd in light of lapses that occurred in the Federal Aviation ...

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Frank Sinatra’s ride, Pink Floyd’s muse: Learjet goes on life support

Bloomberg Learjet — once the epitome of luxury travel for celebrities like Frank Sinatra — is gasping for breath, and Bombardier Inc is making a last-ditch attempt to revitalise the brand. It’s a tall task as demand for corporate planes has shifted to larger, more comfortable, longer-range aircraft. That has left the Learjet 75 Liberty competing in a shrinking market ...

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Beyond Meat declines despite rosier outlook

Bloomberg Beyond Meat fell in early trading despite an increased sales forecast and its first quarterly profit. Investors were bracing for a selloff, when early backers of the faux meat maker will finally be allowed to cash out. The maker of meatless beef and sausages said third-quarter sales rose 250% to $92 million, outpacing analysts’ average estimate. The company now ...

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