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NEW YORK (Reuters) – A federal judge on Thursday ordered the U.S. Securities and Exchange Commission and Elon Musk to meet over the next two weeks to try to resolve matters underlying the regulator’s contempt motion against the Tesla Inc chief executive cheap cufflinks bulk buy. U.S. District Judge Alison Nathan in Manhattan said she may rule on whether to hold Musk in contempt if both sides are unable to reach an agreement. The SEC accused Musk of contempt over a Feb. 19 Twitter post that it said violated his October 2018 fraud settlement with the regulator..
SEATTLE (Reuters) – Boeing Co said on Thursday that a new software fix for its anti-stall system, at the center of investigations into two deadly plane crashes, will give pilots the authority to always override the system if activated by faulty sensor data cheap cufflinks bulk buy. The world’s largest planemaker, facing its worst crisis in years and the worldwide grounding of its top-selling jetliner, said its software upgrade and associated pilot training will add additional layers of protection to prevent erroneous data from triggering its so-called MCAS system..
The system activated in the Ethiopian Airlines crash last month and also during a separate Lion Air crash in Indonesia in October, Boeing said in a statement following the release of preliminary findings from Ethiopia cheap cufflinks bulk buy. “Understanding the circumstances that contributed to the Ethiopian accident is critical to ensuring safe flight,” Boeing Commercial Airplanes Chief Executive Kevin McAllister said in a statement. He said Boeing would carefully review the preliminary report and take “any and all” additional steps necessary to enhance the safety of Boeing aircraft..
MILAN (Reuters) – Three investors including Italian fashion entrepreneur Renzo Rosso are eyeing a possible bid for luxury label Roberto Cavalli, according to a document filed by the company with a court in Milan as it seeks breathing space from creditors. The fashion company on Monday filed a request with a bankruptcy court for 120 days of protection from creditors to reach an agreement on its debt and find a new investor, after it struggled to reboot sales and faced a cash crunch cheap cufflinks bulk buy. Cavalli, a red carpet favorite famed for its animal prints, has been 90 percent owned by private equity firm Clessidra since 2015, and the group attempted to overhaul the label including with a new manager and designer..
But it has posted a string of losses since 2014, with the exception of 2015, when it was back in profit after the sale of a property in Paris cheap cufflinks bulk buy. Clessidra hired Rothschild in September to find a new investor to provide the group “with the needed resources to overcome the difficult situation and to relaunch the business”, and it also subscribed to a 15 million euro ($17 million) capital increase in 2018, the document seen by Reuters showed. But the private equity investor rejected a request by Cavalli’s board in March this year to pump another 47 million euros into the company, the court filing said..