There's no shortage of luxury vehicle choices, but increasingly the wealthy are opting for high-end SUVs instead of traditional models.» Read More
CURITIBA, Brazil, June 24- Brazilian federal police are investigating foreign companies that may have paid bribes to obtain contracts with state-run oil firm Petrobras but were not part of a suspected cartel of local engineering firms, an agent said on Wednesday. A lead prosecutor in the case, Carlos Fernando dos Santos Lima, told Reuters on Tuesday more than a...
CURITIBA, Brazil, June 23- Brazil's biggest corruption investigation could spread to its largest electric utility, Eletrobras, and more than a dozen foreign companies, a lead prosecutor said on Tuesday, in a sign of further turbulence for the country's business and political establishment. Carlos Fernando dos Santos Lima said a scheme similar to one set up as...
LONDON, April 22- Company earnings depressed Europe's regional stock indexes on Wednesday, with the luxury sector dragging on the market. Luxury groups Richemont and Kering were among the worst performers after Richemont warned its net profit for the year would drop by 36 percent and Kering posted a bigger-than-expected drop in sales. The pan-European...
LONDON, April 22- Rolls-Royce Holdings, the British maker of aircraft engines, said its Chief Executive John Rishton would retire in July, and be succeeded by Warren East, the former leader of Britain's biggest listed technology company ARM. East, who has been a non-executive director of Rolls-Royce since January 2014, was chief executive of ARM between 2001 and...
Feb 24- Rolls-Royce Holdings Plc named Marion Blakey as chief executive of its North America business to replace James Guyette, who will retire in May. Blakey is the CEO of the Aerospace Industries Association trade group. She has also been the administrator of the U.S. Federal Aviation Administration.
WASHINGTON, Feb 18- Lockheed Martin Corp said a series of manufacturing changes and technology investments were already driving down the cost of the F-35 fighter jet, and the savings were set to triple in the ninth batch of jets to be produced. Under the initiative, Lockheed and its key suppliers, Northrop Grumman Corp and Britain's BAE Systems agreed to invest...
WASHINGTON, Feb 5- The Pentagon's plans to fund 50 percent more F-35 fighter jets in fiscal 2016 will help drive down the price of the new plane and its engine, a top official at engine maker Pratt& Whitney, a unit of United Technologies Corp, said on Thursday. The Pentagon plans to spend nearly $400 billion to develop and build 2,457 of the radar-evading warplanes...
More super rich than before are ditching those supercars you can buy off the forecourt and are customizing their rides for exclusivity.
Perniciously low yields are driving investors ever further afield, but it isn't clear they should embrace beaten down markets behind the former iron curtain.
British engineer Rolls-Royce said it would cut 2,600 jobs over the next 18 months, in a battle to reduce costs almost three weeks after a major profit warning.
Europe shares saw strong gains on Friday, ending the day firmly in positive territory, with investors searching for bargains after heavy selling.
Rolls-Royce warned that it would not return to growth next year, as economic conditions have deteriorated.
Royal Caribbean is introducing a robot bartender, but the experience just isn't the same, says Issac from 'The Love Boat.' NBC News reports.
Stephen Hung, a luxury hotel entrepreneur, ordered 30 Rolls-Royces—the largest single order ever of Rolls-Royces, according to the company.
The rich are buying expensive cars at a record pace, and one manufacturer has limited production to maintain exclusivity. NBC News reports.
British luxury auto maker Rolls Royce has set its sights on one of Asia's poorest but fastest growing nations: Cambodia.
European markets finished slightly up on Friday afternoon, after wobbling around the flat line throughout the day.
European shares closed higher as investor sentiment received a boost from the Federal Reserve who said the U.S. economy is rebounding.
Ratings agency Moody's said Emirates' cancellation of an order for 70 A350 planes from Airbus was "credit negative" for the European planemaker.
For the next great investment ideas, look to the M&A space, York Capital Management CEO Jamie Dinan says.