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Top News & Analysis Alabama

  • MONTREAL, Oct 17- Airbus SE takes a majority stake in Bombardier Inc's CSeries jet program for $1, in a game-changing aerospace deal that puts pressure on rivals Boeing Co and Embraer. UK GOVERNMENT- Bombardier is the largest manufacturing employer in Northern Ireland and the deal gives a boost to British Prime Minister Theresa May, whose minority Conservative...

  • *CSeries faces punitive duties in United States. By Allison Lampert and Tim Hepher. MONTREAL/ TOULOUSE, France, Oct 17- Airbus has agreed to take a majority stake in Bombardier's troubled CSeries jetliner programme, securing the plane's future and giving the Canadian firm a possible way out of a damaging trade dispute with Boeing.

  • Montreal- based Bombardier said late on Monday it would sell a majority stake in its CSeries jetliner program to Airbus as it searches for a way to avoid punitive U.S. tariffs threatened by a trade dispute with Boeing. "Airbus-Bombardier partnership is all about squeezing Boeing," Morningstar analyst Chris Higgins said. The CSeries jetliners have not secured a...

  • Montreal- based Bombardier said late on Monday it would sell a majority stake in its CSeries jetliner program to Airbus as it searches for a way to avoid punitive U.S. tariffs threatened by a trade dispute with Boeing. The CSeries jetliners have not secured a new order in 18 months and face a possible 300 percent duty on U.S. imports, after Boeing accused Canada of...

  • MONTREAL/ TOULOUSE, France, Oct 17- Airbus SE has agreed to take a majority stake in Bombardier Inc's CSeries jetliner program, a deal that could allow the Canadian planemaker to sidestep U.S. tariffs threatened in a trade dispute with Boeing. The U.S. Commerce Department has threatened a possible 300 percent duty on CSeries jet imports after backing Boeing's...

  • MONTREAL/ PARIS, Oct 17- Airbus SE has agreed to buy a majority stake in Bombardier Inc's CSeries jetliner program, giving a powerful boost to the Canadian plane and train maker in its costly trade dispute with Boeing Co.. The deal, which would come at no cost for Europe's largest aerospace group, would give Airbus a 50.01 percent interest in CSeries Aircraft...

  • TOULOUSE, France, Oct 17- Two years ago, Airbus Chief Executive Tom Enders halted negotiations to buy Canada's CSeries programme at midnight after the talks with Bombardier leaked to Reuters. The nocturnal gymnastics by Europe's largest aerospace group stunned the aircraft industry which had been riveted for weeks by a trade dispute between Boeing and...

  • The European plane maker reached an unusual, no-cost deal with Canada's Bombardier that sent Airbus shares up Tuesday, boosts both companies' prospects in Asia and should save thousands of Bombardier jobs from Quebec to Northern Ireland. It is a rare bright spot for Airbus, which is currently facing growing legal troubles stemming from corruption...

  • MONTREAL/ PARIS, Oct 16- Airbus SE agreed on Monday to buy a majority stake in Bombardier Inc's CSeries jetliner program, grabbing control of a struggling competitor at the second attempt and giving the Canadian plane-and-train-maker an unexpected boost in its costly trade dispute with Boeing Co.. The deal, which would come at no cost for Toulouse, France- based...

  • MONTREAL/ PARIS, Oct 16- Airbus SE agreed on Monday to buy a majority stake in Bombardier Inc's CSeries jetliner program, grabbing control of a struggling competitor at the second attempt and giving the Canadian plane-and-train-maker an unexpected boost in its costly trade dispute with Boeing Co.. The deal, which would come at no cost for Toulouse, France- based...

  • MONTREAL/ PARIS, Oct 16- Airbus SE agreed on Monday to buy a majority stake in Bombardier Inc's CSeries jetliner program, grabbing control of a struggling competitor at the second attempt and giving the Canadian plane-and-train-maker an unexpected boost in its costly trade dispute with Boeing Co.. The deal, which would come at no cost for Airbus, would give the...

  • MONTREAL/ PARIS, Oct 16- Airbus SE said on Monday it would acquire a majority stake in Bombardier Inc's CSeries program in a deal that the Canadian plane-and-train-maker said would boost sales and position the company strategically against a potentially costly U.S. trade dispute with Boeing Co.. The deal, which would come at no cost for Airbus, would give the...

  • PARIS, Oct 17- The chief executives of Airbus and Bombardier predicted an upswing in sales of the CSeries as a result of an agreement by Airbus to take control of the troubled Canadian jet programme. Bombardier Chief Executive Alain Bellemare predicted the deal would double the value of the CSeries programme, which has been struggling due to weak sales and now...

  • TORONTO— Canadian plane maker Bombardier announced Monday it has sold a majority stake in its C Series passenger jet business to European aerospace giant Airbus for no cost. The move comes after lackluster sales and after the U.S. Commerce Department imposed harsh duties on Bombardier, charging the Canadian company is selling the C Series planes in America...

  • BIRMINGHAM, Ala. _ ServisFirst Bancshares Inc. on Monday reported third-quarter earnings of $25.3 million. On a per-share basis, the Birmingham, Alabama- based company said it had profit of 47 cents. The holding company for ServisFirst Bank posted revenue of $72.4 million in the period.

  • WASHINGTON— A key moderate Republican is urging President Donald Trump to support a bipartisan Senate effort to reinstate insurer payments, calling his move to halt the subsidies an immediate threat to millions of Americans who could now face rising premiums and lost health care coverage. Susan Collins of Maine, who has cast pivotal votes on health care in the...

  • WASHINGTON— A key moderate Republican urged President Donald Trump on Sunday to back a bipartisan Senate effort to shield consumers from rising premiums after his abrupt decision to halt federal payments to insurers. Susan Collins of Maine, who has cast pivotal votes on health care in the narrowly divided Senate. Her comments reflected an increasing focus...

  • NEW YORK, Oct 13- U.S. stocks rose on Friday following upbeat economic data and gains in technology shares, pushing the Dow and the S&P 500 to a fifth straight week of gains. Data showed U.S. retail sales jumped in September, and the University of Michigan's consumer sentiment index hit its highest since January 2004. Netflix shares closed 1.9 percent higher after...

  • NEW YORK, Oct 13- Shares of U.S. hospital companies and health insurers fell on Friday after President Donald Trump said he would cut off Obamacare subsidies to health insurance companies for low-income patients, a move that could make healthcare less affordable next year for some people. But, according to the National Association of Insurance Commissioners,...

  • LONDON, Oct 13- GKN warned its annual profit would fall short of expectations, blaming disappointing aerospace trading and two external claims that were expected to cost the British engineering company $53 million. GKN shares fell around 10 percent after a setback that will mean a muted send off for Chief Executive Nigel Stein, who steps down at the end of the...