Boeing, FAA reviewing wiring issue on grounded 737 MAX

REUTERS

Boeing Co and the Federal Aviation Administration (FAA) confirmed on Sunday they are reviewing a wiring issue that could potentially cause a short circuit on the grounded 737 MAX.

Officials said the FAA had directed Boeing to complete an audit in December. The wiring issue could push back the return of the MAX, the officials added. Reuters has reported previously the FAA is not likely to approve the plane until at least February and might not until March or later.

The FAA flagged the wiring issue as potentially “catastrophic.” read more »

Caldwell University to pay $4.8M for part in defrauding federal veterans education program

NORTH JERSEY.COM

Caldwell University has agreed to pay the U.S. $4.8 million to resolve allegations that it participated in a scheme to defraud a federal veterans education program, according to the U.S. Attorney's New Jersey District Office On Friday.

The scheme was unveiled in a lawsuit filed under the "qui tam," or whistle blower provisions of the False Claims Act. read more »

Former Barclays Executive Tells Jury That He Isn’t ‘That Clever’

BLOOMBERG

Former Barclays Plc executive Roger Jenkins told a London jury at his fraud trial that he and his colleagues wrestled with how an arrangement to pay Qatar fees for a 2008 deal would look to outsiders before adding that he was “not that clever.” read more »