Business

Who is L3Harris, the federal contractor Sec. Duffy says may have caused the FAA outage?

Fox Business·Nov 14, 2026 · 1:32 PM CT
Read the original at Fox Business
Readthrough summary

At a Saturday news conference, Transportation Secretary Sean Duffy said Friday's nationwide FAA ground stop may have started while federal contractor L3Harris was doing work on an FAA telecommunications line. Duffy said a contractor at a remote FAA site was doing routine maintenance to move lines from old copper wire to fiber. Fox Business explains who L3Harris is and what role it plays in FAA communications as the investigation continues.

Summary written by Readthrough from the original article. The full story, with photos and any updates, is at Fox Business.

Read the original at Fox Business

More Business

CNBC·

SpaceX catches upper stage of Starship rocket in historic first

SpaceX caught the upper stage of its Starship rocket with the launch tower's mechanical "chopsticks" at Starbase, Texas, on Saturday, the first time it has recovered the spacecraft that way. Test Flight 15 was the first attempt to catch both the booster and the upper stage. The booster missed its catch on Friday and was diverted to the Gulf of Mexico, where it exploded, but the upper stage circled Earth 14 times before landing on the tower.

HM Treasury·

Stronger savings for hundreds of thousands of workers

The U.K. government said more than half a million additional workers will be able to join workplace payroll savings schemes, in which a chosen share of pay is automatically set aside and can be withdrawn at any time without charge. BT, Marks & Spencer, Veolia and Home Bargains have joined the government-backed National Coalition of Workplace Savings, alongside employers such as Co-op, Bupa and Travelodge, and Tesco has launched a payroll savings scheme. Officials described the effort as part of a plan to build household financial resilience.

SEC press releases·

SEC Proposes Executive and Director Compensation Disclosure Reforms

The Securities and Exchange Commission on Nov. 13 proposed amendments to make executive and director pay disclosures under Item 402 of Regulation S-K more principles-based and focused on material information. The agency said the changes, the first comprehensive rewrite of those rules since 2006, are meant to help investors follow equity awards through their lifecycle and to cut compliance burdens that do not clearly benefit investors. Chairman Atkins tied the proposal to a broader push to root public-company disclosure in materiality.

CNBC·

$180 million Van Gogh tests the art market and collector confidence

New York's fall art auctions next week at Sotheby's, Christie's and Phillips are expected to bring in about $2.4 billion, which would match last year's total, according to ArtTactic. Sotheby's alone is expected to bring in more than $1.1 billion, including about $450 million from the Blaquier-Arrieta Collection, whose headliners include a Van Gogh estimated at $180 million. CNBC says the sales will test collector confidence and the health of the high-end art market.