Airbus won’t deliver fewer than 25 A380 a year: CEO in paper
PARIS (Reuters) – Airbus kept its 2013 goals for the A380 despite a dearth of orders, but struck a more cautious note for future years, saying it would not on average deliver fewer than 25, which is below the level built into its longer-term financial …
Goldman Sachs’ co-head of commodities Shenouda to leave: memo
NEW YORK (Reuters) – The co-head of Goldman Sachs’ global commodities business, Magid Shenouda, is leaving the bank after 14 years, according to an internal memo seen by Reuters on Tuesday.
U.S. mortgage burden gets lighter in second quarter
WASHINGTON (Reuters) – Mortgage payments in the second quarter took the smallest bite out of U.S. households’ after-tax income in at least three decades, Federal Reserve data showed on Tuesday.
U.S. judge denies class action status in Deutsche Bank lawsuit
NEW YORK (Reuters) – A U.S. judge on Tuesday refused to allow shareholders to proceed as a group in a lawsuit accusing Deutsche Bank AG of misrepresenting the risks of mortgage-related investments that were central to the financial crisis.
Time Warner Cable CEO Britt says he has cancer
(Reuters) – Time Warner Cable Chief Executive Glenn Britt disclosed to employees on Tuesday that he is undergoing treatment for cancer but said he will continue working until his retirement at the end of the year.
UBS, Deutsche Bank confirm cooperation in forex probes
ZURICH (Reuters) – UBS and Deutsche Bank confirmed they were cooperating with regulators probing alleged rigging in the $5.3 trillion-a-day foreign exchange market, with UBS saying it had taken “swift action” to review its operations.
Russia demands Ukraine payment, raising fears of new gas war
MOSCOW (Reuters) – Russian gas export monopoly Gazprom demanded Ukraine pay an overdue gas bill urgently on Tuesday, raising fears of a new “gas war” and increasing pressure on Kiev as it tries to build ties with Europe.
Lufthansa says new Boeing freighter plane delayed
FRANKFURT (Reuters) – Boeing has delayed the delivery of Lufthansa’s first 777F freighter plane, just a few days before it was due to land amid ceremony in Frankfurt, while the aircraft maker carries out minor repairs to the left wing.
Airbus offers to retrofit fuel-saving A320 wingtips
PARIS (Reuters) – European planemaker Airbus announced plans on Tuesday to retrofit fuel-saving wingtips on older versions of its A320 jets as sales of its best-selling aircraft hit 10,000.
Deutsche Bank confirms involvement in foreign exchange probes
FRANKFURT (Reuters) – Deutsche Bank confirmed it was cooperating with regulators probing the foreign exchange market as investigators across the globe look into the multi-trillion industry that sets foreign currency rates.
