Boeing 787 grounding raised questions on FAA process: congressman
NEW YORK (Reuters) – Rick Larsen, the U.S. congressman who has Boeing Co’s biggest factory in his district, said at a hearing on the 787 Dreamliner on Wednesday that the grounding of the jet raised “legitimate questions” about whether the certification…
U.S. CEOs slightly more optimistic on economy, hiring: survey
(Reuters) – U.S. chief executives expect to hire more workers in the next six months and for sales to improve modestly, a tepid if slightly optimistic reading on the U.S. economy, a Business Roundtable survey has found.
Exclusive: Textbook rental firm Chegg selects banks for IPO
(Reuters) – Textbook rental company Chegg has selected two banks to lead an initial public offering, according to three sources familiar with the matter.
EU says wants WTO ruling versus Chinese steel duties
PARIS (Reuters) – The European Commission will lodge a complaint with the World Trade Organization against Chinese duties on steel tubes used in power plants, the bloc’s industry commissioner Antonio Tajani said on Wednesday.
Rio Tinto invests in French aluminum plant to cut power costs
DUNKIRK, France (Reuters) – Rio Tinto has invested nearly 80 million euros in its Dunkirk aluminum plant in the past 18 months and plans to invest at least that much again over the next five years on energy saving and efficiency improvements.
Portugal settles with JP Morgan over hedging contracts
LISBON (Reuters) – Portugal has reached an agreement with JP Morgan in a row over costly interest rate hedging contracts sold to state companies, the finance ministry said on Wednesday.
British banks plan task force to respond to standards probe
LONDON (Reuters) – Executives at Britain’s top banks may form a task force to respond to a report due this week from an influential committee of lawmakers examining standards within the industry, banking sources said on Wednesday.
GE taps CFO to oversee streamlining of finance unit
(Reuters) – General Electric Co on Wednesday tapped Chief Financial Officer Keith Sherin to run its GE Capital unit and help oversee the streamlining of the unit, as the company focuses more on manufacturing.
Bermuda premier says UK territories won’t sign tax deal before G8
LONDON (Reuters) – Britain’s overseas territories will not sign up to an international convention aimed at tackling tax evasion ahead of the G8 summit in Northern Ireland next week, the premier of Bermuda said on Wednesday.
Bank of England’s Fisher urges end to RBS uncertainty
LONDON (Reuters) – Britain should end the uncertainty over long-term plans for state-controlled Royal Bank of Scotland , a senior Bank of England official said on Wednesday.
