CNBC's Phil LeBeau, and James McNerney, Boeing chairman, president & CEO, discuss the fierce competition between Boeing and Airbus for orders at the Paris Air Show, as industry leaders make billion dollar bets on the next best aircraft.» Read More
PARIS, June 19- China's Comac could build a larger version of its C919 aircraft in the early 2020 s to tempt airlines away from dominant global planemakers Airbus and Boeing, the head of Irish low-cost carrier Ryanair said. Ryanair, which has an all-Boeing 737 fleet, signed a design agreement with Comac two years ago to help produce a rival jet.
PARIS, June 19- French President Francois Hollande is planning to arrive at the Paris Airshow on board Europe's new A400M military airlifter on Friday, three people familiar with the matter said.
PHILADELPHIA-- A French man who gained access to the cockpit of a plane at Philadelphia International Airport by impersonating an airline employee has been sentenced to time served and will be deported. Sixty-one-year-old Philippe Jeannard was sentenced Tuesday in federal court after pleading guilty to a fraud count.
BEIJING, June 19- Wanda Group, China's largest commercial real estate developer, aims to invest about $1 billion to build a five-star hotel in New York as its third major investment outside its home market, Chairman Wang Jianlin said on Tuesday.
PARIS, June 19- France's cash-strapped government hopes to net up to 2.5 billion euros this year as it hunts down tax dodgers who stash cash in secret bank accounts, Budget Minister Bernard Cazeneuve said on Wednesday.
ZURICH, June 19- Swiss upper house lawmakers kept alive a draft law aimed at ending a long-running U.S. tax probe into hidden offshore accounts at Swiss banks on Wednesday, leaving the final say with the lower house, which has previously rejected it.
The multi-role Eurofighter combat jet is made by EADS, representing France and Spain, Britain's BAE Systems and Italian weapons maker Finmeccanica, with each taking responsibility for particular campaigns. It is vying for orders in South Korea, Kuwait, Qatar, Bulgaria and Denmark, Gutierrez said.
*Plans 1 bln euro cost cuts, 1 bln euro asset sales. PARIS, June 19- Telecom equipment maker Alcatel-Lucent plans to focus on networking products and high-speed broadband and will slim down with a billion euros in cost cuts by 2015 in a bid to reverse years of losses.
PARIS, June 19- A feeling in France that the European Union no longer works in its interest is fueling tensions between Paris and Brussels and adding pressure on President Francois Hollande to be more assertive in Europe.
June 19- Algeria is investigating the head of its state power and gas utility, Sonelgaz, over contracts involving U.S. conglomerate General Electric Co and France's Alstom SA, sources told Reuters and Algerian local media reported. "The case is about inflating costs in deals with U.S. firm General Electric and French firm Alstom," one of the sources said.
The thought of any high-pressure ridge- the market is very sensitive to that right now, after what happened last year, "said Sterling Smith, futures specialist with Citigroup in Chicago, alluding to the historic Midwest drought that slashed corn yields in 2012. Soybeans ended mixed, with back months gaining against the nearby July contract, and wheat firmed on bargain-buying following recent declines.
PARIS, June 18- An order for more than 100 Airbus passenger jets by UK low-cost carrier easyJet has re-ignited a long-running trade spat between the European planemaker and U.S. rival Boeing.
*Wheat firm on rain delays but world supplies cap gains. At the Chicago Board of Trade at 11:05 a.m. CDT, July soybeans were up 8-1/ 2 cents at $15.21 per bushel. The contract extended its premium over new-crop November soybeans, which rose 4 cents to $12.89- 1/ 2. Some soy processors in Iowa raised their cash bids for soybeans by 15 to 20 cents per bushel on Tuesday.
Figures on Tuesday from the Association of European Carmakers showed Germany, France and Italy, accounting for about half of the embattled region's sales, suffered declines at or near double-digit percentage levels.
*Boeing increased 737 production rates 60 percent. Ray Conner, CEO of Boeing's commercial airplane division, asked at the Paris Air Show on Monday. Relatively low production- Boeing and Airbus produce about 1,200 jets a year- often does not justify the big investments required.
JEFFERSON CITY, Mo.-- Missouri Gov. Missouri officials said Boeing currently employs about 15,000 workers at its St. Louis County campus. The state Department of Economic Development said Boeing could access up to $7 million during the next five years through the Missouri Quality Jobs program through the expansion.
*Pentagon sees estimates coming down after fall review. Lockheed is developing three models of the F-35 for the U.S. military and eight countries that are helping fund its development: Britain, Australia, Canada, Norway, Italy, Turkey, Denmark and the Netherlands.
*Swedish bank risk-weighted assets at the low end in Europe. STOCKHOLM, June 18- Sweden's big banks could find their reputation for capital strength increasingly under threat due to pressure from regulators who fear they are more vulnerable to risky loans than appears on paper.
*Berlin pressuring member states to weaken rules- sources. With EU governments and lawmakers aiming to finalise the rules next week, which most of the 27 member states back, Germany has stepped up the pressure on them to water down limits on vehicle emissions to protect the country's mighty car industry, particularly luxury makers such as BMW and Daimler.
Jose Posada, owner of Galicia-based Posada Marron Glace, which last year sold 1 million euros of delicacies, mostly abroad to countries like Japan, Russia and Angola, wants to push into China and Central America.