Rolls-Royce has been accused in the Petrobras scandal, as more foreign companies are dragged into Brazil's largest corruption scandal, the FT reports.» Read More
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...
Dec 10- The change atop United Technologies Corp has set off speculation the U.S. conglomerate may eventually shake up its diverse industrial businesses, including possibly divesting its Sikorsky helicopter unit. Shares of United Technologies have climbed 4 percent since the company announced on Nov. 24 that Chief Financial Officer Greg Hayes replaced...
CHONGQING, China, Nov 7- Paint inspired by the skin of a tuna fish and automated drone ships that don't need crews: such ideas could revolutionise the next generation of ocean vessels as the shipping sector looks to cut costs and tackle pollution. Faced with new environmental rules and the need to cap operating costs as profits slide, shippers are renewing their...
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.
General Electric hopes that three letters - CFM - will convince French leaders to back its offer to rescue Alstom.
European shares closed lower lower on Monday with basic resources stocks weighing heavily on bourses after weak data from China.
Car manufacturers at Europe's premier car show were confident the recent uptick in sales in Western Europe would continue, and attributed weak U.S. sales to the severe weather.
If you're considering a night at one of the world's most exclusive hotel suites with your Valentine, but be prepared to fork out a full year's salary.