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Bloomberg IRobot Corp, maker of the disc-shaped Roomba robotic vacuum cleaner, said it’s working on a household helper that will have arms that could load dishes, pick up clothes, or bring food from kitchen to table. The Bedford, Massachusetts-based company won’t start selling such a product for at least five years. But prototypes of the arms exist inside its research …

Bloomberg Zagg Inc said it is developing a wireless charger with capabilities that Apple Inc has so far failed to master with its cancelled AirPower. The new accessory will power iPhones and other mobile devices regardless of where they are placed on the charging mat, Zagg said. This feature has been a challenging goal of several technology companies in recent …

Bloomberg Former Boeing Co CEO Dennis Muilenburg won’t get severance and must forfeit stock awards worth tens of millions of dollars after his botched handling of two deadly plane crashes ended a decades-long career at the company. He forfeited unvested equity awards that could have been worth as much as $31 million if certain targets had been exceeded, Chicago-based Boeing …

Bloomberg Airbus SE delivered a record 863 planes last year, edging beyond its target of about 860 after overcoming production snarls with its best-selling A320 family, the chief rival to Boeing Co’s grounded 737 Max. Bigger versions of Airbus’s largest A321neo narrow-body also drove net orders 2.8% higher to 768 aircraft, it said, as airlines snapped them up to replace …

Bloomberg PayPal Holdings Inc made a big bet in November with its $4 billion acquisition of Honey, a web browser extension that helps online shoppers find the lowest prices. Now Amazon.com Inc is warning customers not to use the tool. Shortly before Christmas, Amazon said Honey posed a security risk, which was reported by Wired. The warning perplexed some online …

Bloomberg Southwest Airlines Co was hit with a proposed $3.92 million civil penalty by US aviation regulators for allegedly operating thousands of flights with inaccurate weight estimates of its planes. The airline flew 44 jets on a total of 21,505 flights with “incorrect” weight estimates, the Federal Aviation Administration (FAA) said. Airlines must calculate the weight of each plane before …

Bloomberg The Federal Aviation Administration (FAA) proposed a $5.4 million civil penalty against Boeing Co for misrepresenting the safety of wing components installed on 178 of its 737 Max airplanes, the agency said. The parts, known as slat tracks, guide moveable panels on the leading edge of the wing to provide extra lift during takeoff and landing. The FAA said …

ABU DHABI / WAM The number US companies’ foreign branches operating in the UAE grew by around six percent from 2016 to 2018, reflecting the Emirates’ leading position as a centre of regional trade and economic activities. According to statistics from the Ministry of Economy, this number grew from 270 branches in 2016 to 286 by the end of 2018. …

Bloomberg Outgoing Bank of England (BOE) governor Mark Carney said central banks globally are getting close to running out of tools should they need to tackle another serious economic downturn. “It’s generally true that there’s much less ammunition for all the major central banks than they previously had, and I’m of the opinion that this situation will persist for some …

Bloomberg Credit Suisse Group AG appointed managing director Jonathon Kaufman as the head of its new global infrastructure, utility and renewables group. “Infrastructure was the fastest-growing asset class in 2019, raising over $90 billion, and continues to be of strategic importance,” investment-banking chief David Miller, and Malcolm Price, who oversees the new group as well as financial sponsors and leveraged …