More and more American firms are calling for the Trump administration to resolve its conflict with China.World Economyread more
The Fed is not likely to make a move on interest rates when it meets this week, but it should clear the way for a rate cut later in the summer.Market Insiderread more
Target CEO Brian Cornell apologized to customers for a disappointing weekend after the company experienced outages that shut down its cash registers and credit-card processors...Retailread more
American Airlines is ordering Airbus' new A321XLR, according to a source familiar with details of the agreement.Paris Air Showread more
Companies are increasingly willing to pay for employees to go to the doctor. Uber is partnering up with Grand Rounds, a start-up that sells into the employer channel, to make...Technologyread more
Huawei CEO Ren Zhengfei tells CNBC the company's business is still strong in China.Technologyread more
Here are the biggest calls on Wall Street on WednesdayInvestingread more
The pilots union for Southwest Airlines says it will ask Boeing for compensation to cover legal costs and lost income for pilots due to the 737 Max grounding.Airlinesread more
Amazon announced an all-new Kindle Oasis on Wednesday morning with a feature that lets you adjust the screen to warmer tones for easier reading at night.Technologyread more
But BlackRock's global fixed income chief also says he doesn't think the Fed will announce a rate cut until July.Market Insiderread more
Panera Bread has been testing a menu specifically for dinner and plans to expand the pilot to a new market next month.Restaurantsread more
June 11 (Reuters) - Airbus and Boeing are battling for wide-body aircraft orders worth well over $10 billion as the clock ticks towards next week's Paris Airshow, industry sources said.
The contests include a fight for business at Philippines budget airline Cebu Air as Airbus seeks a new foothold for its slow-selling A330neo airliner in the face of competition from Boeing's 787 Dreamliner.
The budget carrier is leaning towards breaking its exclusive ties with Airbus by selecting the Boeing 787 for its requirement for up to 16 wide-body jets to be delivered in 2020 and 2021, but negotiations are set to go down to the wire, the sources said.
None of the parties agreed to comment on any confidential aircraft negotiations.
Airbus is urgently looking for at least two new buyers for the upgraded A330neo model, while wrestling with some glitches and delays in production for the 250-300-seat aircraft.
Cebu Air has eight older versions of the A330 wide-body and a fleet of smaller A320-family aircraft.
Airbus is close to signing a deal to sell A330neo jets to Virgin Atlantic, Reuters reported last week.
Asian carriers are looking to renew their long-haul fleets as passenger demand remains robust despite a decline in cargo traffic amid global trade tensions.
Boeing looks set to win an order for its upcoming 777X long-haul jet from Korean Air, industry sources said.
The South Korean flag carrier declined to comment.
Korean Air Chief Executive Walter Cho said last week a decision on the future of the carrier's wide-body fleet would be made "imminently," but declined further comment. (Reporting by Tim Hepher, Neil Jerome Morales, Heekyong Yang; Editing by Mark Potter)