Pentagon F-35 review next week to examine operating costs
WASHINGTON (Reuters) – Top Pentagon officials will examine the cost of building and operating the Lockheed Martin Corp F-35 fighter jet at a major review of the $392 billion program next week that will also provide updates on lingering technical issues…
Advance Auto expands repair shop business with $2 billion buy
(Reuters) – Advance Auto Parts Inc will buy 1,418 outlets of the Carquest chain to boost its auto repair operations to complement its car parts business, sending its shares up as much as 20 percent to a record high.
Advance Auto expands repair shop business with $2 billion buy
(Reuters) – Advance Auto Parts Inc will buy 1,418 outlets of the Carquest chain to boost its auto repair operations to complement its car parts business, sending its shares up as much as 20 percent to a record high.
As companies plan for U.S. default, business may take a hit
NEW YORK (Reuters) – Delayed investments and purchases by companies and investors struggling to limit their exposure to financial harm from a possible U.S. debt default is contributing to a slowdown in business activity, executives said.
Apple shares shrug off weak orders for iPhone 5C
TAIPEI/BEIJING (Reuters) – Apple Inc shares opened 0.8 percent higher as investors looked to strong sales for the flagship iPhone 5S, shrugging off signs of less-than-stellar orders for the cheaper 5C model.
Embattled CEO of Germany’s TAG to transfer his assets to trustee
FRANKFURT (Reuters) – Under fire for a potential conflict of interest, the chief executive of German property company TAG Immobilien will transfer all of his private real estate investments to a trustee by the end of the year, TAG said on Wednesday.
CFM says jet engine testing going to plan
PARIS (Reuters) – CFM International, the world’s largest maker of jet engines by number of units sold, said on Wednesday that testing of a new powerplant for the next generation of narrowbody passenger jets was going to plan.
GE Money Bank sale to value company at up to $1.67 billion
ZURICH (Reuters) – General Electric’s flotation of its GE Money Bank is expected to value the Swiss consumer finance business at up to 1.53 billion Swiss francs ($1.67 billion), in a further step in the U.S. firm’s retreat from the finance sector.
Europe’s car market grows in Sept from record low levels
FRANKFURT (Reuters) – A surge in UK auto sales and an extra working day boosted Europe’s new car market in September, giving evidence that demand may be slowly bottoming out after plumbing lows not seen in over 20 years.
PepsiCo posts profit as U.S. sodas continue to decline
(Reuters) – PepsiCo Inc reported higher quarterly earnings on Wednesday due to its successful snacks business and large global reach, which helped compensate for sustained declines in the U.S. soda market.
