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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Here some of Wednesday's big movers on European stock markets: Alliance Boots, WM Morrison, Sainsbury, Tesco, Volkswagen, EADS, Xstrata and Deutsche Postbank.
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Airbus parent EADS posted a multimillion euro quarterly loss Friday and warned that Airbus would "display another substantial loss in 2007.” The company blamed a weaker dollar and major delays at its Airbus unit dragged its 2006 profit down.
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Boeing has sent engineers to supplier firms to help them stay on schedule as the planemaker works toward a May 2008 first delivery of the all-new 787 to Japan's All Nippon Airways.
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Thousands of Airbus workers went on strike at French factories of the European planemaker on Tuesday, protesting against a restructuring plan that has dominated France's presidential election campaign.
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In a statement, UPS said it decided to cancel after Airbus halted development work on the freighter to focus on delivery commitments for the A380 passenger plane.
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UPS, the world’s largest shipping carrier, said Friday it will cancel its order for 10 Airbus A380 freighters, following delivery delays. The decision will leave the European aircraft manufacturer with no firm orders for its jumbo freighter.
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Financially troubled European airplane manufacturer Airbus has stopped work on the freight version of its new A380 superjumbo so it can focus more on the troubled passenger version of the aircraft, a spokesman for its parent company said Thursday.
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Airbus confirmed Wednesday that it plans to spin off several manufacturing sites and shed about 10,000 jobs as part of a long-awaited restructuring plan, union officials said. Workers staged stoppages to protest the cuts.
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Airbus said Monday it postponed a news conference at which it had been expected to announce its long-awaited restructuring strategy.
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Aeroports de Paris, the operator of the French capital's Charles de Gaulle airport, said Wednesday that full-year revenue rose 8.1% as the company benefited from rising passenger numbers.
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Defense electronic systems company Thales said Wednesday its revenue was almost unchanged at 10.264 billion euros ($13.37 billion) last year from 10.263 billion euros in 2005, blaming a poor performance of its naval division, currency effects and divestments.
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DaimlerChrysler could announce the transfer of shares in European aerospace group EADS to a financial consortium as soon as Friday, industry sources said.
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Northrop Grumman and its Franco-German partner EADS will bid against Boeing in a $40 billion U.S. competition for new aerial refueling tankers, Northrop announced today.
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.