BES slide, tumbling German sentiment hit markets
LONDON (Reuters) – European stocks and the euro fell on Tuesday after shares in Portugal’s biggest listed bank hit a record low, while a plunge in German economic sentiment pushed up borrowing costs for some peripheral euro zone countries.
GE expects to meet $30 billion air show target early
FARNBOROUGH England (Reuters) – GE Aviation Chief Executive David Joyce said the engine manufacturer expected to achieve its Farnborough Airshow target of $30 billion of orders and commitments by the end of Tuesday.
U.S. clears F-35 for limited flights, no decision on UK air show
FARNBOROUGH England (Reuters) – U.S. military officials have approved a limited flight clearance for the Lockheed Martin Corp F-35 fighter jets that mandates engine inspections and certain flight restrictions, while an investigation continues into a ma…
Airbus expects at least 50 A330neo orders, aiming for over 100
FARNBOROUGH England (Reuters) – Airbus sales chief John Leahy expects at least 50 orders for the European planemaker’s revamped A330neo at this week’s Farnborough Airshow, and is aiming for over 100, he told Reuters Insider TV on Tuesday.
Airbus expects at least 50 A330neo orders, aiming for over 100
FARNBOROUGH England (Reuters) – Airbus sales chief John Leahy expects at least 50 orders for the European planemaker’s revamped A330neo at this week’s Farnborough Airshow, and is aiming for over 100, he told Reuters Insider TV on Tuesday.
EU’s Juncker says countries should get incentives to reform, warns on U.S. trade pact
STRASBOURG France (Reuters) – Euro zone countries should get financial incentives if they make ambitious economic reforms, the designated candidate to become the president of the European Commission said on Tuesday.
Google’s Nest launches network technology for connected home
SAN FRANCISCO (Reuters) – Google Inc’s Nest Labs on Tuesday unveiled an industry group to encourage makers of smart home gadgets like locks and light bulbs to use Thread, a new standard for devices to communicate on a network.
China June bank loans beat expectations as Beijing steps on the gas
BEIJING (Reuters) – Beijing stepped up efforts to re-energise China’s economy in June and avert a sharper slowdown, pumping more money into the system and pressing banks to extend more loans, but analysts say more stimulus will be needed to ensure a su…
Microsoft expected to announce job cuts this week: Bloomberg
(Reuters) – Microsoft Corp is planning its biggest round of job cuts in five years as the software maker looks to integrate Nokia Oyj’s handset unit, Bloomberg reported, citing people with knowledge of the company’s plans.
Staples, USPS end program to set up mini-post offices in stores
(Reuters) – Staples Inc SPLS.O said it will end a pilot program with the U.S. Postal Service to set up mini-post offices in the company’s retail outlets, after several protests outside the stores.
