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A ‘tug-of-war’ is pulling the stock market in 2 distinct directions — and how investors combat it will determine whether they survive the next meltdown

“While global stocks have gained 11% this year, $46 billion has been pulled from equity funds, according to Bank of America Merrill Lynch” writes Akin Oyedele for businessinsider.com. This risk helps explain why some investors have stood on the sidelines of this rally, and even pulled money from equity funds.According to Alain Bokobza — Societe Generale’s head of global asset allocation and equity strategy — investors must posture for the ongoing “tug-of-war” between the bullish and bearish forces pulling on the stock market.Several investors have kept their enthusiasm tempered even…

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Ethiopian Airlines says crash victim DNA tests will take up to 6 months

“ADDIS ABABA (Reuters) – Ethiopian Airlines said on Saturday that DNA testing of the remains of the 157 passengers on board flight 302 may take up to six months as it offered bereaved families charred earth from the plane crash site to bury” writes Midwest Communications Inc for 95kqds.com. The return of remains – most of which are charred and fragmented – would take up to six months, the papers said, but in the meantime earth from the crash site would be given.Flight data has already indicated some similarities with…

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Airlines with buyers’ remorse may use Boeing 737 MAX ban to revise orders

“Among other Asian airlines, financially troubled Malaysia Airlines said on Friday that its order for 25 737 MAX jets was under review” writes Midwest Communications Inc for 95kqds.com. Countries and airlines around the world banned the 737 MAX this week after a deadly Ethiopian Airlines plane crash killed all 157 people on board.Among airlines that may regret ordering too many 737 MAX, Sobie cited Vietnam’s VietJet Aviation JSC, which he said had based a decision to expand from an all-Airbus A320 fleet by adding 200 737 MAX jets on a…

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Boeing Black Box Review Begins in France, Aviation World Waits

“Regulators have grounded the 737 MAX around the world, and the U.S. planemaker has halted deliveries of the several thousand planes on order for a model intended to be the future industry workhorse” writes Min Read for reuters.com. U.S. bank Citi said it expected the grounding to eat into the profits of Southwest Airlines, which operates the world’s biggest 737 MAX fleet, leaving the carrier facing a plane shortage and likely passenger compensation costs.Parallels between the twin disasters have frightened travelers worldwide and wiped billions of dollars off Boeing stock.PARIS/ADDIS…

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Investigators begin black box analysis

“Air crash investigators have begun analysing the black box data recorder from Ethiopian Airlines flight 302, amid reports that the plane wreckage suggested similarities with a previous disaster involving the Boeing 737 Max jet” writes Gwyn Topham for theguardian.com. Boeing has reiterated its “full confidence” in the safety of the plane, although its engineers are making changes to the software in question in the Lion Air crash.Ethiopian Airlines said its pilots had been trained on procedures to deal with the 737 Max’s anti-stall system, which was the subject of an…

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French investigators set to examine black box data from Ethiopia crash

“The flight data and cockpit voice recorders were handed over to France’s Bureau of Enquiry and Analysis for Civil Aviation Safety (BEA) on Thursday” writes Midwest Communications Inc for 95kqds.com. The U.S. Federal Aviation Administration grounded all Boeing MAX jets in service because of similarities between the two crashes.Experts will be looking for any links between Sunday’s Ethiopian Airlines crash and the October crash of a 737 Max operated by Lion Air in Indonesia that killed 189 people. Source: 95kqds.com

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Ethiopia crash may test Boeing’s success in defeating U.S. lawsuits: legal experts

“Boeing may have a tougher time with that strategy after the Ethiopian crash, some legal experts said” writes Midwest Communications Inc for 95kqds.com. The company, which has its corporate headquarters in Chicago, has often convinced U.S. judges to dismiss air crash cases in favor of litigation in the country where the evidence and witnesses are, usually where the crash occurred.While no lawsuits have yet been filed since the crash of Ethiopian Airlines Flight 302, some plaintiffs’ lawyers said they expect that Boeing will be sued in the United States.Arthur Wolk,…

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Boeing Faces Crisis With Worldwide Grounding of 737 MAX Jetliners

“U.S. airlines that operate the 737 MAX, Southwest Airlines Co, American Airlines Group Inc and United Airlines, said they were working to re-book passengers” writes Min Read for reuters.com. The crash was the second disaster involving the 737 MAX, the world’s most-sold modern passenger aircraft, in less than five months.Brazil, Mexico and Panama on Wednesday became the first Latin American nations to suspend the Boeing 737 MAX. Earlier, Panama’s Copa Airlines had suspended operations of its six Boeing 737 MAX 9 aircraft until the findings are published of an investigation…

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