Some Boeing, Airbus suppliers have cold feet about increasing production
SEATTLE (Reuters) – Some suppliers to Boeing and Airbus are putting the brakes on expansion plans, saying they fear that planned increases in production by the big plane makers may not be sustained in the face of slowing growth and low oil prices.
AmEx to overhaul management, cut jobs
(Reuters) – American Express Co said it would overhaul its management, streamline its marketing operations and cut jobs as it looks to reduce $1 billion in costs over the next two years.
Strong U.S. industrial output bolsters growth picture
WASHINGTON (Reuters) – U.S. industrial production in January rose by the most in 14 months as manufacturing and utilities output increased, the latest sign the economy regained some ground early in the year.
HSBC effectively scraps pay rise for managers at UK retail bank: source
LONDON (Reuters) – Most managers at HSBC’s UK retail and wealth unit will not be getting a pay rise this year, a source familiar with the matter said on Wednesday, in what marks the bank’s third change to pay policy in as many weeks.
Oil deal optimism fuels rally in crude, global stocks
NEW YORK (Reuters) – Global equity markets rallied on Wednesday, buoyed by a jump in oil prices on optimism that top crude producers could reach a deal to freeze production, while the Mexican peso surged after Mexico’s central bank hiked its benchmark …
Iran offers no action in support of global oil pact
ANKARA/DUBAI (Reuters) – Iran on Wednesday stopped short of offering to restrain oil output as part of a global pact to freeze production to prop up prices, making clear it wants to recapture the market share it lost during years of sanctions.
Bombardier wins Air Canada order for CSeries jets; shares surge
MONTREAL (Reuters) – Bombardier Inc said it received the first order in 16 months for its CSeries aircraft, sending its shares up as much as 30 percent and overshadowing news of the planemaker’s lower-than-expected quarterly results and plan to cut 7,0…
Boeing CEO sees no downturn in commercial airplane cycle
(Reuters) – Boeing Co’s top executive reaffirmed on Wednesday the company’s outlook for strong growth and cash flow over the next five years, dismissing investor concerns that the aviation business cycle is on the cusp of a downturn.
T-Mobile profit nearly triples, adds 2.1 million customers
(Reuters) – T-Mobile US Inc nearly tripled its profit in the fourth quarter as its “Binge On” video streaming service and lower-priced plans helped it add more than 2 million subscribers.
Japan fund makes late move to thwart Hon Hai in Sharp battle: sources
TOKYO (Reuters) – A Japanese state fund is making a final effort to secure a takeover of Sharp Corp as the ailing electronics maker considers a higher $5.8 billion offer from Taiwan’s Foxconn , criticizing the composition of the company’s board, source…
