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Regulator Transport Canada, which will make the final decision on the timing of the certification, said by email it could not provide “further details” on Bombardier’s Global 7500 because the information was confidential. Bombardier spokesman Mark Masluch declined on Monday to comment on expected milestone dates for the Global 7500, but reiterated that the luxury jet was “on track to enter service this year.”. The Global 7500 comes to market as corporate plane makers expect to generate higher revenues during a time of recovering appetite for business jets.
Bombardier, now halfway through a turnaround plan after facing a cash crunch in 2015, is counting on deliveries of the long-range business jet to achieve a 25 percent jump in total company revenues to $20 billion by 2020, compared with 2017, Originally called the Global 7000, the business jet was renamed the Global 7500 in May, Gulfstream, a division of General Dynamics Corp (GD.N), received Federal Aviation Administration certification for its G500 this year vintage double sided cufflinks and soon expects certification for a second plane, the G600..
(Reuters) - Symantec Corp (SYMC.O) said on Monday it named three nominees of Starboard Value LP to the Norton anti-virus software maker’s board, barely a month after the activist investor took a stake in the company to push for a change. Starboard had nominated five directors to Symantec’s board after taking a 5.8 percent stake in the company. The new board members are Starboard managing member and head of research Peter Feld, Marvell Technology Group Ltd (MRVL.O) Chairman Richard Hill and media analytics firm Comscore board member Dale Fuller.
“We are excited to work with the management team and board as the company continues to execute on the transformation plan,” Feld said, Symantec, which is carrying out an internal accounting probe, is cutting jobs in an vintage double sided cufflinks attempt to improve margins, Starboard had told Wall Street Journal that its board nominees could help remediate any financial-reporting issues and improve operations at the company, The hedge fund has a history of buying a stake in poorly-performing companies to change the composition of the board and drive growth..
NEW YORK (Reuters) - A gauge of global equity markets eased and the dollar slipped on Monday as an expected new round of tariffs from Washington on Chinese goods made investors skittish about an escalation of a U.S.-Sino dispute over trade. U.S. President Donald Trump said he would announce his latest plan on Chinese commerce after markets closed. He was expected to level tariffs on about $200 billion of Chinese imports, and China has said it would retaliate. A weaker dollar lifted gold prices and the price of most industrial metals slipped as the tit-for-tat dispute has fueled concerns that demand for metals will weaken.
The tech-heavy Nasdaq composite index fell 1.4 percent, or almost triple the decline of the broad market S&P 500 index, Apple and Amazon.com bore the brunt of investor worries about the tariffs, which were on a list unveiled in July that included $200 billion worth of internet technology products, other electronics, printed circuit boards and consumer goods, “Investors are slowly starting to realize that these new tariffs could be extremely disruptive to the supply chain,” said Art Hogan, chief market strategist at B, Riley FBR in vintage double sided cufflinks New York..
The trade tiff has yet to be felt in U.S. markets as the tariffs, which now are set at 3.8 percent, may rise to just 10 percent, which most companies can handle in a growing economy, said Brian Nick, chief investment strategist at Nuveen. MSCI's gauge of stocks across the globe .MIWD00000PUS shed 0.37 percent while the pan-European FTSEurofirst 300 index .FTEU3 of leading regional shares closed up 0.07 percent. On Wall Street, the Dow Jones Industrial Average .DJI fell 92.55 points, or 0.35 percent, to 26,062.12. The S&P 500 .SPX lost 16.18 points, or 0.56 percent, to 2,888.8 and the Nasdaq Composite .IXIC dropped 114.25 points, or 1.43 percent, to 7,895.79.
The dollar’s weakening is a good sign for global markets, especially in emerging markets where the strong dollar has been a cause for concern, Nuveen’s Nick said, The greenback has benefited from safe-haven flows as the U.S.-Chinese trade conflict worsened, The euro and sterling also advanced against the dollar on optimism that Britain would reach a vintage double sided cufflinks deal with the European Union on the terms of its departure from the bloc, Talks between the EU and Britain on Brexit are being conducted in a spirit of “good cooperation”, said Michel Barnier, the EU’s chief negotiator on the issue..