Airbus jet re-launch heralds busy aerospace show
PARIS (Reuters) – Airbus will kick off the Farnborough Airshow with up to 100 commitments for its revamped A330neo wide-body jet, industry sources said, deepening a contest with Boeing for up to $250 billion of orders at the core of the long-haul jet m…
Whiting to buy Kodiak for $3.8 billion, create No. 1 Bakken producer
(Reuters) – Whiting Petroleum Corp said on Sunday it would acquire Kodiak Oil & Gas Corp for $3.8 billion in stock, to become the largest producer in North Dakota’s Bakken shale oil formations, eclipsing Harold Hamm’s Continental Resources Inc .
U.S. prosecutors offer junior UK traders immunity in forex probe: FT
(Reuters) – Prosecutors from the U.S. Department of Justice are offering immunity deals to junior traders in London as they continue to investigate the alleged rigging of foreign exchange rates by banks and senior traders, the Financial Times reported,…
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…
Aeroflot sees obstacles to low-cost Russian air travel lifted soon
LONDON (Reuters) – Laws preventing airlines from charging for food and baggage – the last obstacles standing in the way of significantly cheaper airfares in Russia – will be lifted soon, the country’s largest carrier Aeroflot predicted on Sunday.
Pratt & Whitney says CSeries fault is seal issue in oil system
LONDON (Reuters) – Executives at aircraft engine maker Pratt & Whitney said a fault on the engines for Bombardier’s CSeries planes was to do with a seal in the oil system that would require a relatively minor adjustment, and not to do with the low pressure turbine.
As some high-risk assets take a hit, investors fear worse is to come
(Reuters) – World financial markets became reacquainted with fear last week, and even if it was short-lived, the ructions in some riskier assets looked to some like a precursor to a much rougher ride down the road.
Boeing sees F/A-18 fighter line continuing through 2017
LONDON (Reuters) – Boeing Co said on Sunday it was optimistic it could maintain production of its F/A-18 and EA-18G fighter jets in St. Louis through the end of 2017 – a year longer than expected – if Congress approved additional orders of a dozen more…
Boeing plans higher-capacity version of 737 jet
LONDON (Reuters) – Boeing plans to bring out a new minor model of its best-selling 737 passenger jet with extra seats, the head of its planemaking division said, stepping up efforts to woo low-cost carriers in competition with Europe’s Airbus .
Dark pool probe builds pressure on Barclays boss
LONDON (Reuters) – Barclays boss Antony Jenkins faces one of the biggest tests of his leadership this month when he decides whether the bank, Britain’s third largest, should fight accusations it deceived and defrauded customers in the United States.
