Boeing fixing new 737 Max problem

Boeing is working to fix a newly discovered problem with software powering up on the 737 Max, adding to the list of tasks the aircraft maker faces to get the grounded plane back in the air.

“We are making necessary updates and working with the FAA on submission of this change, and keeping our customers and suppliers informed,” Boeing said in a statement Friday.

A person with knowledge of the situation said the issue concerns software that verifies whether monitors tracking key systems on the plane are working properly.

The monitor check is supposed to happen automatically when the plane or system is powered up, but during a recent review, one of the monitors didn’t start up correctly, said the person, who spoke on condition of anonymity.

On Friday, Fitch Ratings downgraded Boeing’s debt rating. Boeing Co. shares fell $7.85, or 2.4%, to close at $324.15.

Best Buy investigating CEO

NEW YORK — Best Buy said it is investigating CEO Corie Barry after receiving an anonymous letter making allegations against her.

Best Buy declined to reveal the allegations, but The Wall Street Journal, which first reported on the probe Friday, said it had seen the letter, which accused Barry of having an inappropriate romantic relationship with former Best Buy Senior Vice President Karl Sanft before she took over as CEO last June, the Journal said.

“Best Buy takes allegations of misconduct very seriously,” the company said in a statement to The Associated Press.

Disney drops ‘Fox’ from film library

NEW YORK — Disney is dropping the word “Fox” from the movie studios it acquired last year, according to published reports. Variety reported that 20th Century Fox will become 20th Century Studios, while Fox Searchlight Pictures will be Searchlight Pictures. Variety said the Fox movie studios name created brand confusion with Fox News and the Fox broadcast network, which are owned by Fox Corp.