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Lawmakers seek documents on 737 Max faulty sensor alert

Bloomberg House lawmakers demanded records from Boeing Co, one of its suppliers and US aviation regulators on why a cockpit alert that might have helped pilots in two fatal 737 Max crashes was installed with a defect that the planemaker didn’t plan to fix it until 2020. Representative Peter DeFazio, the Oregon Democrat who heads the House Transportation and Infrastructure ...

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Fosun in talks to buy Thomas Cook unit

Bloomberg Fosun International Ltd’s tourism unit is in talks to buy Thomas Cook Group Plc’s tour-operating business, Sky News reported. Hong Kong-listed Fosun is already Thomas Cook’s biggest shareholder and is working with JPMorgan Chase & Co on the potential offer. Discussions are at an early stage and it isn’t certain a bid will emerge, Sky said, citing people it ...

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Steinhoff, Tongaat woes raise South African auditor scrutiny

Bloomberg Steinhoff International Holdings NV’s financial scandal and sugar maker Tongaat Hulett Ltd’s admission it may need to restate results is spurring South African auditors to weigh tougher measures for the profession. While auditors are expected to reassure the public that the financial statements they have signed off are reliable, the standards used don’t require them to uncover wrongdoing. That ...

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