Aerospace & Defense
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April 5- Two officers of a Lufthansa subsidiary were indicted in Oklahoma on charges of bribing foreign officials to secure aircraft maintenance contracts, while two others pleaded guilty to related criminal charges, the U.S. Department of Justice announced.
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*France sells 3.12 pct stake, keeps 27 pct of Safran. *Shares in Safran up fivefold in past four years. PARIS, March 27- The French government has raised nearly half a billion euros from the sale of shares in aerospace group Safran, money it plans to inject into small businesses as it battles to put some life back into the stalled economy.
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*Would be worth 5.1 billion euros at current prices. *Spain may sell 1.15 pct of EADS by April 9. Shareholders in the Airbus parent also approved a maximum buyback of 15 percent of the group's shares, worth 5.1 billion euros at current prices, but Chief Executive Tom Enders indicated he would not make use of the entire allocation after recent price gains.
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*Would be worth 5.1 billion euros at current prices. *Spain may sell 1.15 pct of EADS by April 9. Shareholders in the Airbus parent also approved a maximum buyback of 15 percent of the group's shares, worth 5.1 billion euros at current prices, but Chief Executive Tom Enders indicated he would not make use of the entire allocation after recent price gains.
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March 27- Magellan Aerospace Corp:. *Q4 sales rose 7.7 percent to C $186.6 million. *Qtrly earnings per share $0.38.
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AMSTERDAM, March 27- European aerospace group EADS signalled it may not make full use of a maximum 15 percent share buyback authorized by shareholders, as chief executive Tom Enders said he would not launch an actual buyback worth over a third of its net cash.
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As Boeing works to regain permission for its 787 Dreamliner to resume flights, the company faces what could be a costly new challenge: a temporary ban on some of the long-distance, trans-ocean journeys that the jet was intended to fly.
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PARIS, March 27- The head of European aerospace and defence group EADS told a special shareholder meeting on Wednesday that he expected the company's dividend policy to become more attractive.
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State-owned China Machinery Engineering Corporation completed the second phase of the Omotosho power plant in southwest Nigeria last month, taking total output from 375 megawatts to 500 MW.
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Shares in Safran drop 3.1 percent, trimming lofty gains made in the past four months, as the French government sells a 3.12 percent stake in the aerospace group. Shares in Safran have risen fivefold in the last four years. France remains Safran's top shareholder with a 27 percent stake following the sale.
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PARIS, March 27- The French government will receive 448.5 million euros from the sale of a 3.12 percent stake in aerospace group Safran, Finance Minister Pierre Moscovici said on Wednesday. The amount raised indicates the shares were sold at 34.5 euros each.
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*Spain may sell 1.15 pct of EADS by April 9. AMSTERDAM, March 27- Spain plans to sell 1.15 percent of EADS, worth around 400 million euros at current prices, as the aerospace company overhauls its structure, EADS said on Wednesday.
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AMSTERDAM, March 27- Spain plans to sell 1.15 percent of EADS as the aerospace company switches to a new corporate structure, EADS said on Wednesday.
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*Spain may sell 1.15 pct of EADS by April 9. Investors in Europe's largest aerospace group also on Wednesday approved a maximum buyback of 15 percent of the group's shares, worth 5.1 billion euros at current prices, but Chief Executive Tom Enders said market conditions would set the actual amount.
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WASHINGTON, March 26- The retiring chief of the trouble-plagued F-35 Joint Strike Fighter says he remains bullish about the hi-tech war plane, with costs soon to be further reduced as production takes off, and believes the program will transform the aerospace industry.
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*France to place 13 million Safran shares with institutional investors* France to remain top Safran shareholder after sale. PARIS, March 26- France said on Tuesday it was launching the sale of a 3.12 percent stake in aerospace group Safran and would use the proceeds to fund investments to bolster its economy.
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PARIS, March 26- France said on Tuesday it was launching the sale of a 3.12 percent stake in aerospace group Safran and would use the proceeds to fund investments to bolster its economy.
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SEOUL, March 26- North Korea repeated threats on Tuesday to target U.S. military bases as Washington and its allies tightened economic sanctions against the isolated country by targeting Pyongyang's main foreign exchange bank with new measures.
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PARIS, March 26- French President Francois Hollande is delaying a decision until later in the year on slashing the country's defence budget as part of cost-cutting measures after meeting stiff resistance from parliament in the aftermath of the Mali war.
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*NASA hired two firms to fly cargo to space station. CAPE CANAVERAL, Fla. March 26- A Space Exploration Technologies' Dragon cargo capsule splashed down in the Pacific Ocean on Tuesday, bringing back science experiments and gear from the International Space Station.
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NEW YORK-- Shares of Boeing Co. climbed to a multiyear high Tuesday after the company reported a smooth test flight of its new 787 passenger jet and the U.S. government reported that a surge in commercial aircraft sales lifted durable goods orders.
Defense Contractors
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*Pentagon, Lockheed said nearing deal for more jets. NEW YORK, Nov 29- The U.S. Air Force affirmed on Thursday its plans to buy 1,763 F-35 fighter jets built by Lockheed Martin Corp in coming years, as Lockheed and the government neared agreement on a multi-billion dollar contract for a fifth batch of planes.
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The business world has seen numerous individuals put their marriages, careers and good standing at risk for an extramarital dalliance. CNBC.com presents a list of people who went outside of their marriages for intimate relationships.
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A top U.S. general in Afghanistan is now under investigation, with CNBC's Eamon Javers. Jeremy Kroll, K2 Intelligence, and Julian Sanchez, Cato Institute, also discuss cyber security.