tybs
U.S. transport chief defends FAA decision to not immediately ground Boeing 737 MAX
(Reuters) - U.S. Transportation Secretary Elaine Chao defended the Federal Aviation Administration’s decision to not immediately ground the Boeing 737 MAX fleet after a second deadly crash in March of an airplane in Ethiopia.
Chao also said the FAA will “thoroughly review” Boeing’s final software upgrade package and training revisions once the airplane manufacturer submits it. “The department’s goal is to ensure public trust in aviation safety and preserve the preeminence of the United States as the gold standard in aviation safety,” Chao told a U.S. House panel.
https://www.reuters.com/article/us-ethiopia-airplane-faa-idUSKCN1RM287
ty for pic and update
LYFT Plummets 30% From Opening Highs As Uber IPO Process Begins
Lyft shares crashed further to new record lows today following reports that its dominant rival Uber could be filing for an initial public offering as soon as Thursday.
Bloomberg reports that Uber’s offering is expected to be the largest U.S. IPO this year and among the 10 largest of all time, and a person familiar with the matter said the company is seeking to raise about $10 billion. That compares with the $2.3 billion raised when Lyft went public late last month.
https://www.zerohedge.com/news/2019-04-10/lyft-plummets-30-opening-highs-uber-ipo-process-begins
From April 6th
Lyft reportedly threatens to sue Morgan Stanley, accuses the bank of supporting short-selling
Lyft has accused Morgan Stanley of supporting short-selling moves among investors ahead of the company's historic IPO last month, according to CNBC.
The company sought answers from Morgan Stanley in an April 2 letter signed by Lyft's counsel Peter Stris that questioned the firm on possible activity that supported investors who are contractually subject to lock-up agreements lodge bets against the company's stock.
A lock-up agreement is a legally binding contract issued by the underwriters of an IPO that prohibits people close to the company, including executive and employees, from selling shares for a period of time, typically ahead of a stock's debut.
CNBC also noted the letter was a response to a New York Post report that cited three sources who said Morgan Stanley supported hedging activities related to Lyft, though the firm said in a statement it flatly denied any such activity.
https://www.businessinsider.com/lyft-to-sue-morgan-stanley-over-short-selling-activities-concerns-2019-4
https://8ch.net/qpro/res/340.html
>Barr now: "As I said, I'm landing the plane right now"