Reuters - Before the Bell

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Friday, March 22, 2019

German 10-year bond yields crash below zero as growth fears roil markets

German 10-year bond yields dived below zero while European shares and the euro fell on Friday after grim data from the continent fuelled fears of a global economic slowdown following this week's dovish turn by the U.S. Federal Reserve.

American Airlines pilots expect to test 737 MAX software fix in Boeing simulator

American Airlines pilots expect to test Boeing Co's 737 MAX software fix on simulators this weekend, the pilots' union told Reuters on Thursday, a key step in restoring their confidence in the jet after two fatal crashes.

Indonesia's Garuda asks to cancel 737 MAX order it had been reconsidering before Ethiopia crash

Garuda Indonesia has asked to cancel an order for 49 Boeing Co 737 MAX 8 jets, citing a loss of passenger trust following two crashes, although it had been reconsidering the order before the latest disaster in Ethiopia last week.

Nokia shares dive on potential Alcatel-Lucent compliance issues

Finnish network equipment maker Nokia said on Friday it was looking into transactions at its former French rival Alcatel-Lucent which it acquired in 2016, after reporting possible compliance issues at the unit to U.S. authorities.

Boeing makes safety change, Indonesian airline cancels order

Indonesian airline Garuda said on Friday it would cancel a $6 billion order for Boeing 737 MAX jets, citing concerns over passenger confidence, as Boeing tried to quell safety worries by making a previously optional cockpit warning light compulsory.

Deutsche Bank CEO paid $8 million, top managers get first bonuses in four years

Deutsche Bank paid its management board members their first bonuses in four years in 2018, with Christian Sewing's 7 million euro ($8 million) total pay package making him one of the best paid chief executives in European banking.

Deutsche-Commerzbank tie-up should not create big investment bank: BlackRock

The aim of a potential merger between Deutsche Bank and Commerzbank should not be to create a large investment bank because that "will not work", a major shareholder in both banks said on Friday

Factbox: What we know about Boeing 737 MAX crash and what comes next

More than 300 Boeing 737 MAX jets have been grounded worldwide after two fatal crashes in the past five months in Ethiopia and Indonesia killed nearly 350 people.

Tiffany holiday-quarter sales miss expectations on weak tourist spending

Tiffany & Co narrowly missed Wall Street estimates for quarterly sales on Friday, two months after the luxury retailer signaled soft demand in the holiday season because of low spending by Chinese tourists and weakness in Europe and at home.

UPS eyes in-home health services with U.S. vaccine project

LOUISVILLE, Ky. - United Parcel Service Inc wants to get beyond U.S. doorsteps with a new push into healthcare.