Transport Canada says reports from carriers on 737 MAX problems
(Reuters) – Transport Canada said on Thursday it has not received any reports from Canadian air carriers, including pilots, about problems with the automated protection system called the Maneuvering Characteristics Augmentation System, or MCAS.
Boeing Co implemented the system on its 737 MAX, which has suffered two accidents in the past five months.
Reporting by Allison Lampert in Montreal; Writing by Tracy Rucinski; Editing by Sandra Maler
Levi Strauss valued at $6.6 billion as IPO prices above target
Levi Strauss & Co fetched a higher price than expected in its initial public offering (IPO) on Wednesday, selling $623.3 million in shares as the U.S. jeans maker looks to return to the stock market after 34 years as a family-owned company.
FedEx falls on 2019 forecast cut, multiple brokerages lower price target
Shares of FedEx Corp fell about 7 percent before the bell on Wednesday after the package delivery company cut its 2019 profit forecast for the second time blaming slowing global trade growth and continued weakness in its international Express business.