Norwegian Air summons Boeing for 787 reliability talks
OSLO (Reuters) – Norwegian Air has summoned Boeing management to Oslo to explain a slew of technical problems with its 787 Dreamliner after weekend glitches brought further disruption.
China, Europe orders signal economic healing but U.S. disappoints
LONDON/NEW YORK (Reuters) – A flood of new orders gave a boost to European and Chinese firms in September although weakness in U.S. factory activity tempered evidence of a healing global economy.
IATA cuts 2013 airline industry profit forecast
(Reuters) – Global airlines cut their 2013 industry profit forecast by 8 percent to $11.7 billion on Monday, citing weaker growth in parts of Asia and a worsening slowdown in freight demand.
US Airways, American Air extend merger pact
(Reuters) – US Airways Group and American Airlines on Monday said they had extended their merger agreement as they fight a U.S. government lawsuit seeking to block the combination, which would form the world’s largest airline.
U.S. factory activity loses momentum in September: Markit
NEW YORK (Reuters) – U.S. manufacturing activity growth slowed in September as demand for products declined and firms took on fewer workers, an industry report showed on Monday.
Monte Paschi freezes coupon payments on hybrid debt
MILAN (Reuters) – Monte dei Paschi di Siena (MPS) has cancelled coupon payments on three hybrid loans coming due at the end of the month to meet European conditions for approving a 4.1 billion euro ($5.5 billion) state bailout.
BlackBerry move away from consumers unlikely to stem decline
TORONTO (Reuters) – BlackBerry Ltd’s plan to retreat from the consumer market in favor of its traditional strength serving businesses and governments is widely seen as a desperate move that industry watchers warn will only accelerate its downward spira…
Lamborghini bullish on U.S. and India as crackdown hits China sales
NEW DELHI (Reuters) – Italian car maker Lamborghini will struggle to find another China as sales of its super sports cars in the world’s biggest auto market have hit the skids due to a government campaign against conspicuous spending.
Shares, bonds creep up after Merkel election win
LONDON (Reuters) – Shares and core euro zone bonds carved out minor gains on Monday as fresh concerns about the Federal Reserve’s policy stance took the shine off an election triumph for Angela Merkel and some upbeat euro zone data.
China’s small firms see profit growth easing, costs rising: ministry
BEIJING (Reuters) – Most of China’s small and medium companies have seen profit growth slowing this year as costs rise and financing remains tight, the official Xinhua news agency said on Monday, citing a survey by the Ministry of Industry and Informat…
