Pratt prepping for big production increase on F-35 jet engines
NATIONAL HARBOR, Md. (Reuters) – Pratt & Whitney, a unit of United Technologies Corp , on Monday said it is working closely with suppliers to prepare for a large ramp-up in production in coming years of the F135 engine that powers the Lockheed Martin Corp F-35 fighter jet.
GM, UAW extend current labor pact beyond midnight expiration: GM
DETROIT (Reuters) – The current four-year hourly worker labor contract between General Motors Co and the United Auto Workers union was extended on Monday night beyond its midnight expiration, the company said.
UAW, Fiat Chrysler labor talks continue as deadline looms in U.S
DETROIT (Reuters) – Negotiators for Fiat Chrysler Automobiles and the United Auto Workers union continued bargaining Monday evening with hours to go before a 12:01 a.m. EDT (0401 GMT) Tuesday deadline after which the U.S. union could call for a strike….
Apple says sales of new iPhones are off to strong start
(Reuters) – Apple Inc said on Monday that advance orders of its new iPhones were on pace to beat the 10 million units the previous versions logged in their first weekend last year, a feat that analysts attributed to the inclusion of sales from China.
Pimco’s Ivascyn says below 50 percent chance Fed hikes rates this week
NEW YORK (Reuters) – Pacific Investment Management Co, one of the world’s largest asset managers and advised by former Federal Reserve chairman Ben Bernanke, puts a “below 50 percent chance” the Fed will raise short-term interest rates this week, Pimco…
Wall St. pushed down by Fed jitters, weak China data
(Reuters) – U.S. stocks closed down on Monday as many investors put off making big bets ahead of the Federal Reserve’s policy meeting this week and others worried about weak economic data from China.
Credibility, ‘gradual’ approach at stake as Fed weighs rate rise
NEW YORK/SAN FRANCISCO (Reuters) – The U.S. Federal Reserve, facing this week its biggest policy decision yet under Chair Janet Yellen, puts its credibility on the line regardless of whether it waits or raises interest rates for the first time in nearl…
GE forms digital unit, says energy management head to retire
(Reuters) – General Electric Co said on Monday it would bring its software and IT capabilities under one unit called GE Digital and announced a broader management shuffle, including the retirement of the head of its energy management division.
As Airbus opens U.S. factory, CEO sees plane output soaring
MOBILE, Ala. (Reuters) – Airbus Group SA opened its first jetliner factory on U.S. soil on Monday and does not anticipate taking a hit to aircraft orders from the economic slowdown in China, Chief Executive Tom Enders said.
Airbus says U.S. factory is several weeks behind schedule
MOBILE, Ala (Reuters) – Airbus Group said on Monday that production of its first U.S.-built jetliner is several weeks behind schedule, but that the planemaker expects to deliver it on time to JetBlue Airways Corp in the second quarter of 2016.
