Here are the companies the Yahoo Finance team is watching for you today.
A scathing new review faults the FAA and Boeing (BA) for the issues around those grounded 737 Max jets. The review by an international panel of air safety regulators says Boeing didn't properly explain the MCAS system on the jets, and the FAA wasn't equipped to really understand it. Boeing and the FAA say they are now reviewing the report.
There's somebody new in the driver's at Renault (RNLSY) after the French automaker fired its CEO Terry Bollore just days after Nissan shook up its leadership. Renault's current chief financial officer has been named as interim CEO. Renault and Nissan have struggled to get some stability in their alliance following the finance scandal surrounding former chair Carlos Ghosn, who was ousted last year.
The struggles escalate for Victoria's Secret. The Executive Vice President of stores is stepping down after more than 16 years for personal reasons. The L Brands (LB) owned company is also laying off about 14% of its corporate staff in New York and Ohio, as more customers are turning to rival retailers.
Tilray (TLRY) and Anheuser-Busch InBev (BUD) are teaming up in Canada. The two brands will commercialize CBD-infused non-alcoholic beverages in a joint venture called Fluent Beverage Company. Fluent is looking to have the drinks on sale by November, depending on Canada’s regulatory timelines.
Nike (NKE) is ending its Oregon Project, which supports elite track athletes, after a top coach was banned for a doping scandal. The decision came less than 2 weeks after coach Alberto Salazar was banned from the sport for 4 years. A probe revealed that Salazar distributed testosterone and tampered with evidence. He is appealing the decision.