European aerospace group EADS has announced plans to cut 5,800 jobs at its Airbus Defence and Space Unit by the end of 2016.» Read More
This week, with quarterly losses expected from Wachovia and Washington Mutual due to defaulting mortgages, the market will also get data on existing home sales and new home sales.
Airline manufacturers are trying to bolster their green credentials by playing down the importance of speed and lauding initiatives to reduce the environmental impact of flying, as well as the cost.
I’ve got to stop talking about IndyMac and the banking crisis. Time to move back to the Air Force tanker crisis involving Boeing and Northrop Grumman. As I got home from DAY 3 of "THE INDYMAC BANK RUN" I finally got a chance to open up this week’s Aviation Week (aka “Aviation Leak”) which has an interview with Boeing CEO Jim McNerney.
The Lightning Round is extended in this CNBC.com exclusive feature.
Protectionism is not good for anybody and could hurt trans-Atlantic relations, the chief executives of EADS and Northrop Grumman told CNBC referring to the largest-ever tanker deal, which last week was reopened by the US department of defense.
The House Air and Land Forces Subcommittee is holding a hearing today on how the Air Force Tanker selection process went so wrong. Fifteen minutes into the hearing, they had to adjourn to go vote on other matters. But they'll be back.
On Bank of America CEO Ken Lewis' speech on mending the mortgage markets, it turns out Mr. Lewis isn't universally loved.
In Wednesday’s Web Extra the traders talk Boeing now that the plane maker can once again bid on a multi-billion dollar military contract.
Stocks ended a tumultuous session with a late selloff that left all three major indexes in bear-market territory. Financials fell sharply amid worries about more shoes to drop and techs took a hit after Cisco's chief said customers don't see a recovery until next year.
U.S. Defense Secretary Robert Gates on Wednesday reopened a bitter $35 billion aerial tanker contest after the selection process that picked Northrop Grumman and EADS over Boeing was found to be flawed.
Stocks declined, following a two-day rally, as a report showed crude inventories shrunk last week. Oil climbed in a choppy session after falling more than $9 abarrel in the past two sessions.
Boeing on Wednesday raised its outlook for spending on commercial airplanes over the next 20 years by 14 percent, helped in part by an expected 5 percent rise in worldwide air travel and the demand for new, more fuel-efficient planes.
Gates is putting Under Secretary John Young in charge of picking a winner, a final blow to the Air Force. But Acting Secretary of the Air Force Mike Donnelly says he fully supports that decision.
U.S. Defense Secretary Robert Gates said on Wednesday he planned to reopen a $35 billion competition between Boeing and a team of Northrop Grumman and Europe's EADS to build new aerial refueling tankers.
Stocks declined, following a two-day rally, as a report showed crude inventories shrunk last week. Oil rebounded $1 to $2 a barrel after shedding more than $9 in the prior two sessions.
I need to pass along the beginnings of a note from JP Morgan strategist Michael Cembalest. In his latest commentary, he writes, "'I have come to the conclusion that one useless man is a Disgrace, two are a law firm, and three are called a Congress.' So said John Adams. The same applies to energy independence in 2008." Here's why...
To beat back the bears, Charles Norton goes with value. The co-portfolio manager of the Vice Fund has found a couple of opportunities for investors among well-known but out-of-favor companies.
It's a booyah-free zone. There goes Swifty!
Airbus is expected to sell five A380 superjumbo aircraft to All Nippon Airways, its first sale of the world's biggest passenger plane to a Japanese airline, the Nikkei business daily reported on Friday.
British Airways is said to be close to seeking clearance from competition authorities for a three-way operational merger with American Airlines and Iberia, the Times of London and the Financial Times report.