Boeing advised airlines about a risk of engine icing problems on its new 747-8 and 787 Dreamliner planes with engines made by General Electric.» Read More
PARIS, Dec 5- Airbus and its engine makers have acted to try to shore up the value of second-hand A340 aircraft as the European planemaker tries to reduce its financial exposure to depressed market prices of an aircraft that it no longer produces.
PARIS, Dec 4- As it struggles to rein in losses, PSA Peugeot Citroën is cutting back sharply on investment. Research and development is due to fall to well below 3 billion euros in 2013- less than one-fifth of rival Volkswagen's budget.
*New schedule will save $3 billion. *Rio's London shares climb 3 percent. PERTH/ LONDON, Nov 28- Miner Rio Tinto has delayed the expansion of its iron ore operations in Australia to 2017, slowing growth and cutting costs with a revised plan which it says will save $3 billion by working existing mines harder instead of digging new ones.
Boeing has told airlines there's a risk of engine-icing problems on its new 747-8 and 787 Dreamliner planes with engines made by GE.
*1,775 job cuts to hit Portsmouth, Filton and Scotland. LONDON, Nov 6- Defence contractor BAE Systems plans to lay off 1,775 ship workers across the UK as the biggest warships Britain has ever built near completion with no similar-sized orders on the horizon.
BERLIN, Nov 5- BMW, the world's biggest luxury carmaker, said investment in technology and new models such as the i3 electric car would hold back fourth-quarter earnings, after it reported a bigger than expected drop in third-quarter profit.
BERLIN, Nov 5- German luxury carmaker BMW said third-quarter operating profit at its key automotive division fell more than expected due to the cost of new technology and price discounts in core European markets.
The top-end car maker, a unit of Germany's BMW AG, still sees untapped potential in China- its No. 2 market after the United States- but hot spots in Asia include Japan, the Philippines, Thailand and Vietnam, Mueller-Oetvoes said.
FRANKFURT, Sept 18- Deutsche Lufthansa signalled a major aircraft order to drive down fuel costs on long routes, saying its board had backed modernization plans that industry watchers expect to benefit both Airbus and Boeing Co..
*BMW, Daimler each plan to have 7 crossovers by 2020- sources. BMW AG and Daimler AG, the global luxury car leaders, each plan to expand its crossover portfolio to seven vehicles by 2020, according to European supplier sources, with new entries in multiple sizes and price points.
MOSCOW/ LONDON, Sept 5- Britain opened the doors to Russia on Thursday to build new nuclear power plants in the UK by signing an agreement with Russian state nuclear firm Rosatom on nuclear cooperation.
HO CHI MINH CITY, Aug 5- Tycoon Henry Nguyen mopped floors, flipped burgers and even cleaned toilets over a 10- year campaign to convince McDonald's Corp to let him bring Big Macs and Happy Meals to communist Vietnam.
*France's CAC outperforms, LVMH results impress. *Financials drag on FTSE 100 ahead of banks' earnings. LONDON, July 26- Germany's benchmark index led European shares lower on Friday as a spate of underwhelming company results helped it to underperform its southern European peers.
European shares closed lower on Thursday with investor confidence curbed by a mixed bag of earnings from major companies and concerns about slowing growth in China.
*H1 pretax profit 840 mln stg vs 628 mln stg. LONDON, July 25- Rolls-Royce is to focus on cutting "unacceptable" levels of costs after the firm's first-half profits rose by more than a third, helped by booming demand for aircraft engines.
LONDON, July 25- Britain's Rolls-Royce beat expectations with a 34 percent rise in first half profit but said it wanted to improve its performance on costs, which it said were rising faster than revenues.
*More than 180 injured on flight from Seoul. SAN FRANCISCO, July 7- U.S. officials examined flight information recorders and began investigating the crash of an Asiana Airlines Boeing 777 that burst into flames upon landing in San Francisco, killing two young passengers and injuring more than 180 people, officials said on Sunday.
*More than 180 injured on flight from Seoul. *Crashed after coming in over San Francisco Bay. SAN FRANCISCO/ SEOUL, July 7- An Asiana Airlines Boeing 777 with 307 people on board crashed and burst into flames as it landed at San Francisco International Airport after a flight from Seoul, killing two people and injuring more than 180..
*More than 180 injured on flight from Seoul. *Crashed after coming in over San Francisco Bay. SAN FRANCISCO, July 6- An Asiana Airlines Boeing 777 with 307 people on board crashed and burst into flames as it landed at San Francisco International Airport on Saturday after a flight from Seoul, killing two people and injuring more than 180..
SINGAPORE/ CANBERRA, June 27- Rolls-Royce Plc repeatedly failed to identify a defect that caused one of its engines to explode on a Qantas Airways Ltd aircraft carrying more than 400 people over Indonesia three years ago, an Australian safety regulator found.