Page 2 - Update 3 News Today

(Corrects number of Korean Air 777s in service and stored in paragraph 18) Feb 22 (Reuters) - Boeing Co said it recommended suspending the use of 777 jets with the same type of engine that shed debris over Denver at the weekend after U.S. regulators announced extra inspections and Japan suspended their use while considering further action. The moves involving Pratt & Whitney 4000 engines came after a United Airlines 777 landed safely at Denver International Airport on Saturday local time after ...

* New CEO could accelerate emphasis on new product development

* New CEO could accelerate emphasis on new product development * Operating profit beats forecasts * Expects faster sales growth in 2021 than 2020 Feb 19 (Reuters) - Sika named company veteran Thomas Hasler as its next chief executive on Friday, as the Swiss construction chemicals maker beat estimates for annual operating profit and forecast stronger sales growth in 2021, sending its shares up 2.7% premarket. The 55-year-old Hasler, now head of Sika’s global business and industry division, wil...

(Corrects name of CFO to Brian Roberts instead of Nelson Chai, paragraph 4) Feb 9 (Reuters) - Lyft Inc said on Tuesday it could become profitable on an adjusted basis by the third quarter of this year despite the pandemic, three months ahead of a previous target, forecasting a rebound in ride-hail demand beginning in the second quarter of 2021. Shares surged 9% to $58.65 in after-hours trading following the announcement. Lyft expects COVID-19 vaccine distribution to scale up in the second quart...

* Yields rise on chance PEPP won't be fully used in full: analysts

Oil prices climbed on Tuesday as optimism that government stimulus will eventually lift global economic growth and oil demand trumped concerns that renewed COVID-19 pandemic lockdowns globally are cooling fuel consumption.

The Trump administration notified Huawei suppliers, including chipmaker Intel, that it is revoking certain licenses to sell to the Chinese company and intends to reject dozens of other applications to supply the telecommunications firm, people familiar with the matter told...

The U.S. State Department this month told European companies which it suspects are helping to build Russia's Nord Stream 2 gas pipeline that they face the risk of sanctions as the outgoing Trump administration prepares a final round of punitive measures against the project...