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WASHINGTON (Reuters) -Boeing can hike 737 MAX production to 42 planes per month after the Federal Aviation Administration lifted a 38 plane-per-month cap in place since January 2024, the agency and planemaker said on Friday. The FAA imposed the unprecedented production cap shortly after a 2024 mid-air emergency involving a new Alaska Airlines 737 MAX 9 missing four key bolts. The announcement is a significant milestone for the planemaker that was plunged into a safety crisis following the mid-air incident. (Reporting by David Shepardson; Editing by Chris Reese)

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By Dan Catchpole and Nathan Gomes (Reuters) -A union representing more than 3,200 striking Boeing workers who assemble fighter jets and munitions said on Friday it and the company had agreed to resume contract discussions with help from a federal mediator next week. The announcement came one day after the union filed an unfair labor practice charge with the National Labor Relations Board, accusing the company of not negotiating in good faith.  The 75-day-long strike has delayed deliveries of F-15EX fighters to the U.S. Air Force, General Kenneth Wilsbach told the Senate Armed Services Committee in comments submitted for his October 9 hearing on his nomination as the Air Force's chief of staff. AIR FORCE OPERATIONS AFFECTED The delayed F-15 deliveries "will impact" operations at the USAF's Portland Air National Guard Base, and delay the modernized fighter's first deployment overseas next year, he said in written comments. Members of the International Association of Machinists and Aerospace Workers (IAM) District 837 went on strike on August 4, after rejecting Boeing's second four-year contract proposal. The members work at Boeing Defense facilities in the St. Louis area. In September, they rejected a third offer with few differences from the previous offer.  Boeing management has said the aerospace company will not significantly improve its offer, and rejected a contract proposed by IAM leadership and overwhelmingly approved by union members. Instead, the company has expanded its plans to hire replacement workers. IAM officials and members previously told Reuters they think Boeing is bluffing, noting the necessary training and security clearances for new workers take as long as six months to get. The planemaker's stance on negotiations has drawn criticism from some senators, including Democrat Ed Markey and Republican Josh Hawley, who, along with Senator Bernie Sanders of Vermont, slammed the company during a committee hearing earlier this month. (Reporting by Nathan Gomes in Bengaluru and Dan Catchpole in Seattle; Editing by Pooja Desai and Rod Nickel)

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(Corrects spelling of board member's name in paragraph 2 to Knudstrop from Knudstorpand) (Reuters) -Long-term Starbucks shareholders have written to the company to resume talks with its workers' union to discuss staffing, wages and other issues, a letter posted on the New York City Comptroller's website on Thursday showed. The letter, signed by Comptroller Brad Lander, Trillium Asset Management, the Shareholder Association for Research and Education and Pensions Investment Research Consultants, was addressed to Starbucks' board members Jorgen Vig Knudstorp and Beth Ford and called on the company to reach a contract agreement with Starbucks Workers United. "We are concerned that Starbucks' labor relations have significantly deteriorated, as reflected by over one hundred Unfair Labor Practice complaints filed since the beginning of the year, in-store actions, partner walkouts and protests over store closings, and even strikes," the letter said. The New York City pension funds said they were the largest Starbucks stockholders within the group, with about 1.33 million shares. Starbucks did not respond to a request for comment. The union has been at odds with management for months. Talks between Starbucks and Starbucks Workers United, which represents more than 12,000 baristas, began in April last year but have since stalled. In December, union members staged multi-day strikes across several U.S. cities during the peak holiday season. "Over three years have passed since the first successful union election by Starbucks Workers United and yet no contract agreement has been reached," the letter said. The Starbucks' store in Buffalo, New York was the first company-owned location to unionize in the U.S. in December 2021. There are over 650 unionized Starbucks stores currently in the country, according to the SBWU's website. The SBWU republished excerpts from the shareholder letter on its website, without commenting further. Last month, Starbucks said it would shutter underperforming stores in North America, including its flagship unionized outlet in Seattle, as CEO Brian Niccol pushed ahead with a $1 billion restructuring aimed at reviving sales. (Reporting by Shubham Kalia, Mrinmay Dey and Juveria Tabassum in Bengaluru; Editing by Nivedita Bhattacharjee)

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(Reuters) -U.S. regional bank Fifth Third Bancorp reported a 14% jump in third-quarter profit on Friday on the back of robust fee income, but booked a $178 million loss related to the bankruptcy of auto dealer Tricolor.   Broad-based growth across Fifth Third's fee businesses lifted non-interest income to $781 million in the quarter, up 10% from a year earlier.   Wealth management and asset management fee revenue surged 11%, while mortgage banking fee revenue jumped 16%. Shares of the bank were up 1% in early afternoon trading. The stock had fallen 4.5% this year as of Thursday's close.    TRICOLOR LOSS While the broader U.S. economy has remained resilient, fears about credit quality at some regional banks, including Zions Bancorporation and Western Alliance, triggered a fall in U.S. bank stocks on Thursday. Fifth Third had disclosed last month it gave a $200 million asset-backed finance loan to Tricolor, which filed for bankruptcy last month and moved to liquidate its business. "We decided to disclose the potential loss as quickly as possible", Fifth Third CEO Tim Spence said in a phone interview. He said the bank is comfortable with its risk after a portfolio review and noted that profits increased even after the losses. Net charge-offs, or debts that are unlikely to be recovered, totaled $339 million in the quarter, including a $178 million loss related to the impairment of the loan to Tricolor.  INTEREST INCOME GROWTH Net interest income — the difference between what banks earn on loans and pay on deposits — rose 7% to $1.53 billion in the quarter, thanks to lower deposit costs and fixed-rate asset repricing. Earlier this month, Fifth Third struck a $10.9 billion all-stock deal to buy regional lender Comerica, the biggest U.S. bank transaction this year which will create the nation's ninth-largest lender. Spence said he expects the deal to close in the first quarter of 2026 and the integration to start generating savings in 2027. Fifth Third is now focused on the consolidation process and not looking for another deal, the CEO added. Fifth Third's profit jumped to $608 million, or 91 cents per share, in the three months ended September 30, compared with $532 million, or 78 cents per share, a year earlier.  (Reporting by Arasu Kannagi Basil in Bengaluru, additional reporting by Tatiana Bautzer in New York; Editing by Sahal Muhammed and Cynthia Osterman)

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