Germany’s defense minister criticizes Airbus over new A400M delays
BERLIN (Reuters) – Germany’s defense minister has criticised Airbus over new delays in the delivery of A400M military transport planes, saying the company had a serious problem with product quality.
SkyMall, known for in-flight catalogs, lands in bankruptcy
(Reuters) – SkyMall, whose in-flight shopping catalogs have long been a staple of airline travel, has filed for bankruptcy protection, blaming changing consumer habits and the loss of contracts from two major carriers, Delta and Southwest.
Oil majors to preserve dividends despite oil collapse, tap debt
LONDON/DAVOS (Reuters) – Europe’s oil majors will strike a sober note in their fourth-quarter results and investors will focus on companies’ plans to maintain cherished dividends and their strategies to cope with the oil prices collapse that caught man…
Exclusive: Honda opts for Takata rival to supply Accord air bags – sources
BEIJING/TOKYO (Reuters) – Honda Motor Co has chosen a competitor of embattled Takata Corp to supply air bags for the next North American version of its Accord sedan, the automaker’s best-selling vehicle, two people with knowledge of the decision said.
McDonald’s says rough ride to continue into 2015
(Reuters) – McDonald’s Corp warned on Friday that business will be weak in the first half of 2015 and it is cutting its annual construction budget to the lowest in more than five years as it opens fewer restaurants in struggling markets.
Apollo to pay more on Presidio amid reputational, credit questions
NEW YORK (Reuters) – (This story filed on January 22, 2015 has been refiled to clarify proposed creditor terms of the Caesars bankruptcy and related quotation)
U.S. factory activity expands at lower rate, new orders weigh
NEW YORK, Jan 23 (Reuters) – The U.S. manufacturing sector continued to expand in January but at a slightly slower pace than the month before, matching the lowest reading in a year, an industry report showed on Friday.
Special Report: Mexico looks the other way as contractors fleece oil giant Pemex
MEXICO CITY (Reuters) – The state-owned petroleum giant Pemex paid $9 million in 2011 to have an oil rig towed halfway round the world, from the United Arab Emirates to the Gulf of Mexico. When government auditors looked at the contract, they turned up…
BNY Mellon, State Street get profit boost from forex trading
(Reuters) – BNY Mellon Corp and State Street Corp, the world’s two largest custody banks, said on Friday their fourth-quarter profits got a boost from a surge in volume and volatility in foreign currency markets.
Evaporating inflation and growth put pressure on central banks
LONDON/BEIJING (Reuters) – Businesses across Asia and Europe have slashed prices at the start of the year to drum up trade, surveys showed on Friday, a day after the European Central Bank voted to print money in a bid to revive inflation.
