Industrials

Southwest says grounded jets contribute to lower revenue

Southwest Airlines says thousands of canceled flights, including 2,800 due to grounding its Boeing 737 Max 8 jets, are contributing to weaker bookings and $150 million less in first-quarter revenue than previously expected.

Environmental, economic damage a concern now that fire out

Businesses and residents expressed concern Monday about the environmental and economic fallout from a fire at a Houston-area petrochemical storage farm that sent huge plumes into the air for days and prompted the partial closure of one of the busiest commercial waterways in the U.S. Officials said it could be several more days before a section of the Houston Ship Channel reopens.

Business Highlights

___ Avenatti charged with trying to extort millions from Nike LOS ANGELES (AP) — Michael Avenatti, the attorney best known for representing porn actress Stormy Daniels, has been arrested on charges that he tried to extort millions of dollars from Nike and embezzled a client's money to pay his own expenses.

Correction: Petrochemical Fire-Texas story

Officials say efforts continue to drain a tank that is leaking flammable gas following a massive fire at a Houston-area petrochemical complex, prompting the closure of part of the Houston Ship Channel.

5 questions Congress will have for Boeing, FAA this week

The relationship between Boeing and the Federal Aviation Administration, which has set the global standard in aviation safety for decades, will come under unprecedented scrutiny this week after two deadly airline crashes.

The Latest: Company says damaged gasoline tank stable

The Latest on fire damage at a petrochemical storage facility that led to a partial closure of the Houston Ship Channel (all times local): 12:30 p.m. Officials say an emergency dike has been repaired and a damaged petrochemical tank stabilized during cleanup of leaking oil products that closed part of the Houston Ship Channel.