Industrials

The decision is part of a $11 billion restructuring effort.

The U.S. Navy has awarded a $1.47 billion contract to a Mississippi shipyard to build a new amphibious warship, following through on a plan announced last year.

Volkswagen says it is partnering with Amazon to develop cloud computing capacity aimed at improving efficiency and coordination across the automaker's global factory network.

An Ethiopian official said a preliminary report on the plane crash that killed 157 on March 10 will be made public later this week.

The Federal Aviation Administration says a Southwest Airlines Boeing 737 Max jet made a safe emergency landing Tuesday in Orlando, Florida, after experiencing an apparent engine problem.

An executive for the Houston-area petrochemical storage facility that was heavily damaged by fire says the company has received hundreds of compensation claims seeking lost wages and other damages.

Croatian police say they have detained 12 people suspected of multiple criminal actions in a shipbuilding company that has been struggling with losses.

U.S. stocks edged lower in early trading Monday, extending losses from a broad sell-off last week, as new economic data stoked investors' worries over slowing global growth.

Businesses and residents expressed concern Monday about the environmental and economic fallout from a fire at a Houston-area petrochemical storage farm that sent huge plumes into the air for days and prompted the partial closure of one of the busiest commercial waterways in the U.S. Officials said it could be several more days before a section of the Houston Ship Channel reopens.

Chinese President Xi Jinping is on a state visit in France where he is expected to sign a series of bilateral and economic deals on energy, the food industry, transport and other sectors.

___ Avenatti charged with trying to extort millions from Nike LOS ANGELES (AP) — Michael Avenatti, the attorney best known for representing porn actress Stormy Daniels, has been arrested on charges that he tried to extort millions of dollars from Nike and embezzled a client's money to pay his own expenses.

The announcement comes as federal scrutiny over the approval process of Boeing's Max jets grows.

Officials say efforts continue to drain a tank that is leaking flammable gas following a massive fire at a Houston-area petrochemical complex, prompting the closure of part of the Houston Ship Channel.

China signs deal to buy 300 aircraft from European plane maker Airbus during Chinese leader's visit to France.

The relationship between Boeing and the Federal Aviation Administration, which has set the global standard in aviation safety for decades, will come under unprecedented scrutiny this week after two deadly airline crashes.

American, Southwest and others say they are cancelling flights daily as a result of the disruption.

The company building a natural gas pipeline from Russia to Germany says it's confident of getting an outstanding permit from Denmark to close the gap on the 1,200-kilometer (746-mile) route.

The Latest on fire damage at a petrochemical storage facility that led to a partial closure of the Houston Ship Channel (all times local): 12:30 p.m. Officials say an emergency dike has been repaired and a damaged petrochemical tank stabilized during cleanup of leaking oil products that closed part of the Houston Ship Channel.

As a result, the airline said about 90 flights per day will be canceled.

The Trump administration on Thursday sanctioned two Chinese shipping companies suspected of helping North Korea evade sanctions — the first targeted actions taken against Pyongyang since its nuclear negotiations with the U.S. in Hanoi last month ended without agreement.