Production halt of Boeing 737 MAX has worldwide economic ramifications

In a significant development, for the first time in 20 years, in January 2020, Boeing Co will halt the production of the 737. The development comes in the wake of the two fatal crashes of the 737 MAX, which led to the grounding of the plane worldwide in March. The halt in the production of…

Uber beefs up its IPO syndicate with more underwriters

Uber has added half a dozen investment banks, including Bank of America Corp, Citigroup Inc, Barclays Plc, Deutsche Bank AG, Allen & Company, and JMP Securities, to its IPO underwriting lineup. According to sources familiar with the matter at hand, Uber Technologies Inc has hired a string of investment banks to its syndicate as its…

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