Boeing Tries to Limit the Fallout After U.S. Grounds 737 MAX

The global grounding of Boeing Co.’s BA 0.46% most popular model is likely to generate a host of business challenges for the aerospace giant, which is already wrestling with the reputational fallout from the crash Sunday of one of its planes and a swift reaction outside the U.S. Boeing’s race with rival Airbus SE to…

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Vale Top Executives Step Aside Temporarily After Mine Dam Collapse

São Paulo—Vale SA Chief Executive Fabio Schvartsman and other top executives of the Brazilian mining giant have been temporarily removed from their positions at their own request following a dam collapse that killed more than 180 people. Vale said late Saturday that on Friday the company’s board of directors had received from federal and state…

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Apple Executive Shake-Up Readies It for Life After iPhone

Apple Inc. is shaking up leadership and reordering priorities across its services, artificial intelligence, hardware and retail divisions as it works to reduce the company’s reliance on iPhone sales. The changes, which can be traced back to last year, have included high-profile hires, noteworthy departures, meaningful promotions and consequential restructurings. They have rattled rank-and-file employees…

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Bill Gross, Onetime Bond King, Retiring After Messy Last Act

One of the most-celebrated careers in the history of money management is coming to an unremarkable end. Bill Gross, 74 years old, said Monday he would retire as a Janus Henderson Group PLC portfolio manager after more than four years of uneven investment returns and distracting legal battles with his former firm, Pacific Investment Management…

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GE Cites Progress Toward Turnaround After Tough Year

General Electric Co. GE 11.65% executives said they were making progress in turning around the troubled conglomerate, after the company reported another quarter of weak profits in its core power business and legacy problems in its GE Capital unit. Larry Culp, who took over as chief executive in October, warned that fixing the power unit…

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Brazil Searching for Hundreds Missing After Dam Collapse

BRUMADINHO, Brazil—The dam was the size of a 28-story building and it gave way with a loud boom followed by a tidal wave of mining waste that wiped a nearby village away, leaving Brazilian authorities on Sunday still searching for hundreds of missing people two days after the collapse. The rushing wall of mud, enough…

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DNC Says Russia Tried to Hack Into its Computer Network Days After 2018 Midterms

WASHINGTON—The Democratic National Committee said it was targeted by an unsuccessful cyberattack eight days after the 2018 midterm elections—and believes one of the Russian hacking groups that broke into its network during the 2016 presidential campaign was behind the attempted intrusion. Official DNC email addresses received spear-phishing emails on Nov. 14, 2018, the political organization…

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Michael Cohen’s Lawyers Ask for No Prison Time After Plea

Lawyers for Michael Cohen, President Donald Trump’s former personal lawyer, asked a federal judge in a memorandum filed late Friday night to impose no prison time for Mr. Cohen at his scheduled sentencing later this month, citing Mr. Cohen’s contrition and his cooperation with law enforcement. In their plea for leniency, Mr. Cohen’s lawyers said…

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