British carmakers Rolls-Royce and Bentley will unveil new vehicles at the Geneva Motor Show next week, joining battle in the fast-growing luxury end of the market on behalf of their German owners.» Read More
British Prime Minister David Cameron arrives in India on Monday to try to win new investment in the face of fierce global competition.
LONDON, Feb 18- British Prime Minister David Cameron arrives in India on Monday to try to win new investment in the face of fierce global competition as a scandal engulfs an Anglo-Italian helicopter deal.
In London, surprisingly robust sales of Lamborghinis and Ferraris depend on mass-market techniques as the super-rich spend less freely.
*Navy official wants to check company's quality practices. WASHINGTON, Feb 1- The Pentagon is inspecting other components of the F-35 fighter jet in addition to the faulty fuel lines blamed for the grounding of the Marine Corps version of the warplane, two sources familiar with the program said on Friday.
SINGAPORE, Jan 31- Jet engine maker Pratt& Whitney, a unit of United Technologies Corp, will invest $110 million to set up two facilities in Singapore and expand existing operations- a boost to the Asian city-state's efforts to grow its manufacturing base.
Lockheed Martin Corp's new F-35 fighter jet has completed over a third of its planned flight tests, but it is still facing problems with the helmet needed to fly the plane, software development and weapons integration, according to a report by the Pentagon's chief weapons tester.
WASHINGTON, Jan 12- Lockheed Martin Corp's' s new F-35 fighter jet has completed over a third of its planned flight tests, but it is still facing problems with the helmet needed to fly the plane, software development and weapons integration, according to a report by the Pentagon's chief weapons tester.
China is now the world's biggest auto market, but high-end bike sales are expected to grow by 10 percent a year as they become a status symbol for wealthy executives. Yu Yiqun, the creative director at an advertising company in the Chinese capital, cycles to work on his favourite bike- a 100,000 yuan hand-made Alex Moulton.
MILAN, Dec 21- U.S. conglomerate General Electric Co has agreed to buy the aviation business of Italy's Avio for $4.3 billion, in a sign of confidence about the country's underlying strength despite its deep recession.
MILAN, Dec 21- U.S. conglomerate General Electric has agreed to buy the aviation business of Italian aerospace company Avio for 3.3 billion euros, or 8.5 times Avio's 2012 EBITDA, the companies said on Friday.
MILAN/ LONDON, Dec 17- General Electric is set to clinch a deal to buy Italian aerospace supplier Avio whose parent company, Cinven, has ended talks with rival French suitor Safran, sources involved in the deal told Reuters. It looks like Safran is out, "one source said on Tuesday.
*France's Safran still not out of race- sources. MILAN, Dec 17- General Electric Co is close to finalising an agreement to buy Italian aerospace supplier Avio as early as this week for more than 3 billion euros, sources close to the deal said on Monday. Avio was not immediately available for comment, while Cinven and General Electric declined to comment.
European shares closed higher on Monday, but Italian shares closed firmly in the red after political uncertainty surfaced, with Prime Minister Mario Monti announcing he will step down before his term ends.
European shares ended flat Friday following a pair of mixed economic reports from the U.S., while Germany's lowered growth outlook put a damper on gains.
European shares finished in positive territory Thursday as the ECB and the Bank of England kept interest rates unchanged.
Aerospace and defense group Rolls-Royce said it was in talks with Britain's Serious Fraud Office over potential corruption involving its intermediaries overseas.
Nov 1- United Airlines is mulling upgrading some of its Airbus A350 orders to the largest member of the European aircraft family in a possible setback for Boeing Co's 777 mini-jumbo, industry sources said.
*UBS raises Barrick Gold target price to $52 from $46; rating buy. *UBS raises Rainy River Resources Ltd price target to C $7 from C $6;. rating buy* UBS raises Centerra Gold target price to C $17 from C $15.5; rating buy.
*Alstom took advantage of window of opportunity- CEO. PARIS, Oct 4- Alstom's chief executive ruled out more cash calls, following its 350 million euros capital hike this week, in a bid to ease investors' concerns over its balance sheet.
Oct 2- General Electric Co is calling for a new round of inspections by airlines on its new GEnx engine on Boeing Co aircraft, with a focus on the section of the engine that failed on a 747-8 freighter in Shanghai last month.