Singapore plots economic lift-off with satellites, spacecraft
SINGAPORE (Reuters) – Singapore’s foray into the $300 billion-a-year space industry may seem like a lucrative venture, but the path is lined with risks, especially in satellite manufacturing where Western firms have long dominated and entry barriers ar…
Test mishap forces Pratt to tweak new Airbus engine
PARIS/NEW YORK (Reuters) – Pratt & Whitney has redesigned a component of a jet engine being developed for Airbus’s top-selling A320neo aircraft after tests revealed “distress” in the engine’s hot core.
China July Flash HSBC PMI falls to 11-month low
BEIJING (Reuters) – Activity in China’s vast manufacturing sector slowed to an 11-month low in July as new orders faltered and the job market darkened, a preliminary survey showed on Wednesday, suggesting the world’s second-largest economy is still los…
U.S. financial regulators looking to ease mortgage norms: WSJ
(Reuters) – U.S. financial regulators are planning to relax a key provision that requires banks to withhold a portion of the mortgage securities they sell to investors, the Wall Street Journal reported, citing people familiar with the matter.
BlackRock says executive turned down RBS offer
(Reuters) – BlackRock Inc said its head of Asia Pacific operations, Mark McCombe, has rejected an offer to take the top job at Royal Bank of Scotland Group Plc and will remain with the world’s largest fund manager.
Analysis: Cabela’s building on gun sale gains by leveraging data
NEW YORK (Reuters) – Few companies have benefited more from the record number of gun sales in the U.S. than hunting, fishing and outdoor products retailer Cabela’s .
Exclusive: Ford to build current and new F-150 pickups at same time
DETROIT (Reuters) – Ford Motor Co will produce both its current F-150 pickup and a new model for about six months to avoid disrupting sales of the top-selling U.S. vehicle and safeguard against potential kinks tied to the truck’s extensive overhaul, pe…
KKR’s credit investments chief steps down
NEW YORK (Reuters) – KKR & Co LP said on Tuesday that William Sonneborn, who heads its corporate credit and equity investments and is chief executive of its publicly traded specialty finance company KFN , would step down to pursue a new challenge.
AT&T quarterly profit misses Wall Street estimates
NEW YORK (Reuters) – AT&T Inc posted a quarterly profit on Tuesday that missed Wall Street expectations as it was hit by rising costs, and its shares fell 1 percent in late trade.
Strong iPhone sales buoy Apple’s third quarter, shares climb
SAN FRANCISCO (Reuters) – Sales of Apple Inc’s iPhone trumped Wall Street estimates after U.S. shipments soared 51 percent in the third quarter, lifting its stock 5 percent even as profit fell.
