U.S. equities extended losses Wednesday after manufacturing data from the Institute for Supply Management showed growth at America’s factories cooled in September. Losses began earlier in the session after a monthly report on the private-sector labor market from payroll processor ADP, which came in better than analysts expected.
Meanwhile, the FAA has ordered airlines to replace 1,300 Boeing (BA) cockpit displays because wireless Internet and cellular access can interfere.
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The displays provide crucial flight information like altitude and navigational data, and each unit costs thousands of dollars. The FAA says replacing all units is expected to cost airlines nearly $14 million.
Netflix (NFLX) is expanding its reach, aiming at the big screen, not just your laptop or home entertainment system. Next summer, the streaming service will debut its first major feature film: The sequel to ‘Crouching Tiger Hidden Dragon’. The movie is called ‘The Green Legend’ and made in partnership with the Weinstein Company. The film will only be shown on Netflix and in IMAX (IMAX) theaters.