Boeing promotes defense chief to chief operating officer
WASHINGTON (Reuters) – Boeing Co on Wednesday promoted Dennis Muilenburg, head of its defense division, to the post of president and chief operating officer, a move that company insiders and analysts said makes him “heir apparent” to Chief Executive Ji…
Saab bets on electric cars and China for revival
STOCKHOLM (Reuters) – A year out of bankruptcy and with just two cars a day rolling off its production line, Saab is betting on an as yet unbuilt electric version of a decade old car to bring the iconic Swedish marque back from the dead.
Brazil’s OSX sees bondholders accepting delayed interest payment
RIO DE JANEIRO (Reuters) – OSX Brasil SA expects a deal in the coming days to delay an interest payment on bonds sold to finance an oil production ship, a move that will help the ailing Brazilian shipbuilder move ahead with a restructuring plan, a seni…
Former Irish bank executives charged with fraud
DUBLIN (Reuters) – Three former Irish bank executives, including the ex-chief executive of one of the country’s largest lenders, have been charged with conspiracy to defraud in the run-up to the country’s banking crisis, a court heard on Wednesday.
AirAsiaX eyes connectivity with $6 billion Airbus deal
PARIS (Reuters) – Malaysian long-haul budget carrier AirAsiaX announced an order for 25 Airbus A330-300 aircraft on Wednesday in a deal valued at $6 billion at list prices.
RBS appoints ‘bad bank’ boss to lead Citizens, ‘Rainbow’ IPOs
LONDON (Reuters) – Royal Bank of Scotland said Rory Cullinan, the head of its non-core business, will have responsibility for managing the flotations of its U.S. bank Citizens and a network of 314 UK branches being spun off.
Audi to boost spending on cars, plants in bid to catch BMW
BERLIN (Reuters) – Germany’s Audi will grow spending on new models, plants and technology in coming years as the luxury carmaker steps up efforts to catch larger competitor BMW , people familiar with the matter said.
U.S. private sector maintains growth pace in December: Markit
NEW YORK (Reuters) – U.S. private-sector activity continued to expand in December as service-sector growth picked up and hiring increased, an industry report showed on Wednesday.
Metro hopes to move beyond row with Media-Saturn founder
DUESSELDORF, Germany (Reuters) – German retailer Metro said it can push ahead with its strategy for Europe’s biggest electronics chain Media-Saturn after a court ruling in a long-running dispute with the company’s founder.
German data lifts shares as Fed decision approaches
LONDON (Reuters) – The dollar and U.S. Treasury yields crept higher along with world shares on Wednesday, as markets braced for what was expected to be a very close call on the future of the Federal Reserve’s massive stimulus program.
