Transportation

Muilenburg’s letter came one day after Ethiopian Airlines CEO Tewolde Gebremariam reiterated support for the embattled aviation firm.

The previous price target range was between $62 and $68.

Croatian police say they have detained 12 people suspected of multiple criminal actions in a shipbuilding company that has been struggling with losses.

Uber is paying Careem $1.4 billion in cash and $1.7 billion in notes that will convert at a price of $55 a share.

U.S. stocks edged lower in early trading Monday, extending losses from a broad sell-off last week, as new economic data stoked investors' worries over slowing global growth.

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.

Chinese President Xi Jinping is on a state visit in France where he is expected to sign a series of bilateral and economic deals on energy, the food industry, transport and other sectors.

The announcement comes as federal scrutiny over the approval process of Boeing's Max jets grows.

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.

American, Southwest and others say they are cancelling flights daily as a result of the disruption.

As a result, the airline said about 90 flights per day will be canceled.

The Trump administration on Thursday sanctioned two Chinese shipping companies suspected of helping North Korea evade sanctions — the first targeted actions taken against Pyongyang since its nuclear negotiations with the U.S. in Hanoi last month ended without agreement.

Italy has signed a memorandum of understanding with China in support of Beijing's "Belt and Road" initiative, which aims to weave a network of ports, bridges and power plants linking China with Africa, Europe and beyond.

It’s reportedly part of a larger investigation into how the aircraft was developed and certified.

The Latest on the United States sanctions on North Korea (all times local): 2:25 p.m. President Donald Trump says he is reversing his administration's decision to slap new sanctions on North Korea, ordering them withdrawn.

Flights to and from Frankfurt Airport have been interrupted briefly after two drones were seen in the area.

Garuda Indonesia is the first carrier to publicly cancel orders for the Max jet.

Beijing has been steadily gathering support for its "Belt and Road" initiative, which aims to weave a network of ports, bridges and power plants linking China with Africa, Europe and beyond.