Standard & Poor’s downgrades Italy’s biggest banks, insurer
MILAN (Reuters) – Rating agency Standard & Poor’s cut its credit ratings on the two biggest Italian banks, UniCredit and Intesa Sanpaolo , as well as that of insurer Generali , following its downgrade of Italy’s sovereign rating.
EASA says too early to say if Dreamliners could be grounded
FRANKFURT (Reuters) – The European Aviation Safety Agency said on Friday it was too early to say whether Boeing’s 787 Dreamliner could be grounded again following a fire aboard an aircraft at London’s Heathrow airport.
General Electric says Boeing 787 fire doesn’t involve engines
NEW YORK (Reuters) – General Electric Co said on Friday that the fire aboard an Ethiopian Airlines 787 at London’s Heathrow Airport doesn’t involve the engines.
Boeing suppliers hit by Dreamliner fire at London’s Heathrow
NEW YORK (Reuters) – Shares of several Boeing suppliers fell on Friday, after a fire broke out aboard a Dreamliner 787 aircraft parked at London’s Heathrow airport, recalling a series of previous fires that had grounded Boeing’s most advanced jet for m…
Stock price drop takes glow off U.S. consumer sentiment
WASHINGTON (Reuters) – Worries about rising interest rates and falling stock prices dinged U.S. consumer sentiment in early July, while other data showed a firm rise in wholesale prices, which could make the Federal Reserve more comfortable reducing it…
Boeing’s South Carolina city tax to fall as production rises
NORTH CHARLESTON, South Carolina (Reuters) – Boeing Co.’s South Carolina 787 Dreamliner manufacturing plant got a large tax break when the North Charleston City Council voted to slash in half the current top rate used to calculate annual fees for busin…
GM Southeast Asia president to leave at end of month
DETROIT (Reuters) – General Motors Co has announced that its president of GM Southeast Asia, GM Thailand and Chevrolet sales in Thailand will leave the automaker at the end of the month to pursue other interests.
Analysis: Late to oil-by-rail, Canada faces risks in rush to catch up
CALGARY/HOUSTON (Reuters) – For the last three years, Canada has lagged the United States in using its rail system to haul crude oil, hindered by a lack of loading terminals and a shortage of specially built rail cars that reheat viscous oil sands crud…
Germany, France split over EU banks plan
BERLIN/PARIS – (Reuters) – Germany and France were split on Friday over European Union plans for a new agency to wind down troubled banks, with Berlin saying they go too far in centralizing control in Brussels.
SEC bans three ex-Madoff employees from securities industry
(Reuters) – The Securities and Exchange Commission has barred three former employees of Bernard Madoff’s now defunct brokerage and investment advisory firm from the securities industry for assisting the convicted Ponzi schemer with his multi-billion do…
