BAE Systems is backing a revolutionary engine that could propel aircraft into outer space and back at five times the speed of sound, the FT reports.» Read More
The head of VW's works council, Bernd Osterloh, urged the company to offer a low-cost car in emerging markets to counter weak sales in Europe, German paper Handelsblatt reported, citing Osterloh.
EADS Chief Executive Tom Enders is prepared to talk about guarantees for jobs and production sites in a planned merger of the company with Britain's BAE Systems, he told Germany's Bild daily.
WASHINGTON/ LONDON, Oct 3- To win approval for their planned $45 billion merger, EADS and BAE systems must persuade Washington to let a pan-European behemoth control some of the most sensitive U.S. defence contracts, without triggering a political backlash.
LONDON, Oct 3- The UK Shareholders' Association said on Wednesday it had written to the chairman of BAE Systems. and the UK Takeover Panel to insist those who own shares in the British defence company via nominee accounts be allowed to vote on a mooted $45 billion merger with Airbus parent EADS.
PARIS-- A French official says France's government is working out a common position with Germany on the proposed merger between Franco-German aerospace group EADS and Britain's BAE Systems. France and Germany have long fought for an equal say in EADS, which owns plane maker Airbus.
*New F-35 official, Navy arms buyer visited Lockheed plant. WASHINGTON, Oct 2- Talks between the Pentagon and Lockheed Martin Corp about a fifth order of F-35 fighter planes have been elevated to a senior level as the two sides debate the last $100- million- plus dividing them, according to multiple sources familiar with the discussions.
Qatar has placed orders for 60 Dreamliners- 30 firm and an option for 30 more- and selected General Electric Co's new-generation GEnx engine for the aircraft. "We have informed Boeing that we will not take delivery until the 787 s have the new modified shaft," said Baker, who has often been outspoken about planemakers Airbus and Boeing and other industry issues.
--EADS has shown a sustained strong financial performance, including solid free cash flow and very moderate dividends. --At this stage, we consider it too early to make rating decisions on the proposed merger of EADS with BAE Systems.
WASHINGTON, Oct 2- Tighter military budgets in the United States and Europe reduced the revenues of top weapons makers by one percent in the first half of the year and are likely to continue to depress sales in the full year, a new study by Deloitte LLC showed.
BERLIN/ LONDON, Oct 2- France and Germany have collided over the location of the headquarters for a new aerospace giant to be formed from a planned merger of Europe's EADS and Britain's BAE Systems, sources familiar with the matter said on Tuesday.
Shares in aerospace and defence company EADS, in merger talks with UK peer BAE Systems, rise 3 percent, gaining technical momentum after moving back above a key resistance level and with charts showing the stock's recovery rally gaining traction.
DOHA/ LONDON, Oct 2- Qatar Airways will not take delivery of Boeing's 787 Dreamliner until an engine defect is modified, its chief executive said on Tuesday. Qatar has placed orders for 60 Dreamliners- 30 firm and an option for 30 more- and selected General Electric Co.' s new-generation GEnx engine for the aircraft.
DOHA, Oct 2- Qatar Airways backs the proposed $45 billion merger of EADS and BAE Systems, the Gulf carrier's chief executive said on Tuesday, arguing a combined entity would make better products. Airbus parent EADS and BAE Systems are battling to save their tie-up, which would create a European aerospace and defence giant, amid competing government interests.
*Britain's FTSE 100 index is seen opening down 30 to 39 points, or as much as 0.7 percent, according to financial bookmakers. *European officials told Reuters late on Monday that Spain was ready to request a bailout for its public finances as early as next weekend, but Germany had signalled that it should hold off.
*Britain's FTSE 100 index is seen opening down 30 to 39 points, or as much as 0.7 percent, according to financial bookmakers. *The UK blue chip index closed up 1.4 percent, or 78.38 points, higher at 5,820.45 points on Monday.
*New York's top prosecutor opened a new front in efforts to hold banks accountable for the financial crisis by filing a civil lawsuit against JPMorgan Chase& Co, alleging widespread fraud by the company's Bear Stearns unit in the sale of mortgage-backed securities. *The judge overseeing the patent dispute between Apple Inc.
LONDON, Oct 2- European shares were set to retreat in early trading on Tuesday after strong gains in the previous session, with uncertainty over the timing of a likely aid request by Spain seen prompting investors to cut their exposure to riskier assets.
Separately, Canadian automotive group Magna International Inc may lose the contract with BMW to build the next generation of Mini cars at its Austrian plant as BMW looks to concentrate Mini production in Britain and the Netherlands. Related news BASF Indicated 0.6 percent lower.
CAC-40 futures are 0.7 percent lower at 0620 GMT FRANCE TELECOM. The oil services company said on Tuesday it has signed a lump-sum contract with Murphy Exploration& Production Company for the development of an offshore field in the Gulf of Mexico.
*Banks lower as UBS cuts ratings. *Babcock climbs after strong first-half. LONDON, Oct 2- Britain's top share index continued its choppy trend and was pulled marginally lower on Tuesday, as weakness in banks and miners overpowered results-related gains for companies such as Babcock and Tesco.