Wall Street indices reach new highs on optimism from trade deals
U S stock indexes climbed to record levels as solid data and easing trade tensions boosted confidence. The S P 500 rose to 3316 81, the Dow to 29297 64, and the Nasdaq to 9357 13 with expectations of stronger profits in 2020.
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Boeing 737 Max safety review finds FAA delegation effective
A government committee reviewing U S approval of new passenger planes says the FAA delegation system is rigorous and beneficial, though lawmakers push to curb Boeing funded inspections. The panel notes internal messages questioned Max safety but focused on certification processes rather than probe.
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Trade deal may restart Chinese orders for Boeing jets
The phase one agreement between the United States and China could resume Chinese orders for Boeing aircraft after a two year freeze. Boeing aims to boost 2020 and 2021 orders as China commits to higher imports of U.S. manufactured goods and approves continued production, with CEO Dave Calhoun welcoming the deal and noting Boeing planes remain part of the relationship with both leaders.
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End of E coli Outbreak Tied to Salinas Romaine
Federal health officials declare three E coli outbreaks linked to Fresh Express romaine from California's Salinas Valley over. CDC reports 188 illnesses across 27 states, 85 hospitalizations, 15 kidney failure cases, and no deaths. advisory lifted as no new illnesses traced. In separate note, the National Retail Federation cites 4.1 percent holiday sales gain versus prior year, within a 3.8 to 4.2 percent forecast.
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ResMed to pay 37.5 million in False Claims Act case
San Diego based ResMed will settle whistleblower lawsuits for 37.5 million over alleged kickbacks to obtain referrals, federal prosecutors say. The settlement covers five suits under the False Claims Act, with ResMed agreeing to stricter pricing and sales controls. Microsoft expands housing pledge with 250 million line of credit for statewide affordable housing, beyond its prior 500 million commitment. The move supports state agencies issuing tax exempt bonds for projects, aiding Eastside and broader regions.
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