EasyJet says CFM order valued at $3.3 billion
(Reuters) – British low-cost airline easyJet Plc said its order to CFM International SA for 270 engines was valued at about $3.3 billion at list price by the engine maker.
Yellen says Fed easy money needed even after recovery: report
(Reuters) – The Federal Reserve will still need to deliver “unusually accommodative” monetary policy even once the U.S. economy returns to “where we want it to be,” Fed Chair Janet Yellen was quoted as saying in a magazine article.
Boeing says well-placed in wake of Airbus revamp plan
FARNBOROUGH England (Reuters) – U.S. planemaker Boeing said its range of aircraft meant it was well-placed to compete in the latest stage of a long-haul battle against European rival Airbus , which earlier stole the limelight with a plan to revamp its …
China charges GSK-linked investigators for illegally obtaining private information
SHANGHAI (Reuters) – Prosecutors in China have filed charges against British investigator Peter Humphrey and his American wife, the official Xinhua news agency said on Monday, after the couple were detained last year following work they did for British…
Citi, U.S. $7 billion settlement announcement expected Monday
NEW YORK (Reuters) – Citigroup agreed to pay $7 billion to resolve a U.S. government investigation into shoddy mortgage-backed securities the bank sold in the run-up to the 2008 financial crisis in a settlement set to be announced on Monday, sources sa…
Euro zone industry stumbles in May, recovery still frail
BRUSSELS (Reuters) – Euro zone industrial production dropped sharply in May with only the energy sector thriving, another sign that the bloc’s economic recovery remains fragile.
Australia’s David Jones shareholders weigh South African Woolworths bid
SYDNEY (Reuters) – Shareholders of David Jones Ltd, Australia’s No. 2 department store by sales, on Monday began a crucial meeting to vote on a $2 billion takeover bid from South Africa’s Woolworths Holdings Ltd.
Airbus unveils revamp of A330 passenger jet
FARNBOROUGH England (Reuters) – European planemaker Airbus kicked off the Farnborough Airshow on Monday with confirmation it would sell revamped versions of its A330 wide-body jet powered by Rolls-Royce Trent 7000 engines and offering 14 percent fuel s…
Global stocks recover as worries about banks ease
LONDON (Reuters) – Stock markets in Europe and Asia rose on Monday as investors put aside concern about euro zone banks and looked forward to corporate earnings and a raft of global economic events, including testimony from the head of the U.S. Federal…
British Airways owner makes firm order for 20 Airbus A320neo jets
LONDON (Reuters) – British Airways owner IAG placed a firm order for 20 Airbus 320neo aircraft on Monday, a deal worth well over $1 billion at list prices, and which coincided with the first day of the Farnborough Airshow.
