Top Boeing Co and Embraer SA executives on Monday defended their planned commercial aircraft partnership, saying they were confident it would win regulatory and shareholder approvals while launching Embraer into new markets.
U.S. stocks were trading flat on Monday as a sharp drop in crude oil prices weighed on energy companies, offsetting a rebound in financials stocks after Bank of America’s strong results reinforced expectations of a strong earnings season.
Apple Inc. is facing more challenges in the world’s fastest-growing major smartphone market. The iPhone maker has lost a trio of pivotal executives in India in recent weeks as it struggles to boost iPhone sales there, people familiar with the matter say. Among the executives who’ve departed are its national sales and distribution chief, the head of its commercial channels and mid-market business, and the head of telecom carrier sales, said the people, who asked not to be identified discussing internal matters. …read more […]
U.S. stocks opened flat on Monday as losses in energy shares due to lower oil prices offset gains in the financial sector after a robust quarterly report from Bank of America.
Planemakers racked up more than $20 billion of deals on the opening day of the Farnborough Airshow on Monday, suggesting demand for new passenger jets remains in rude health despite worries over trade tensions and Brexit.
Boeing Co said on Monday that leasing company Goshawk Aviation Limited placed an order for 20 737 MAX 8 single-aisle jetliners.
Thousands of workers will walk off the job on Tuesday at Amazon warehouses in Germany to demand better working conditions, joining colleagues in Spain and Poland in taking action that coincides with a major sales promotion.
Embraer SA has signed a firm order with United Airlines for twenty-five 70-seat E175 jets, the Brazilian planemaker said on Monday, providing a boost to the company shortly after JetBlue Airways Corp opted to replace its fleet of Embraer jets with ones made by Airbus SE .
Bank of America Corp reported quarterly profit above expectations as the second-largest U.S. lender cut expenses and benefited from growth in loans and deposits on the back of a strengthening economy.
BlackRock Inc Chief Executive Larry Fink on Monday said the world’s largest asset manager has assembled a working group that is looking at blockchain technology and cryptocurrencies, such as bitcoin, but cautioned he does not see massive investor demand.
Linde is raising $3.3 billion from selling North and South American assets to a consortium of German gases firm Messer and buyout group CVC as it seeks clearance for a planned $87 billion merger with U.S. group Praxair .
Britain’s Defense Minister Gavin Williamson unveiled a model of the country’s proposed new fighter jet named Tempest at the Farnborough Airshow on Monday, and said it would seek international partners to help develop the project.
Britain is talking to a number of potential partners for its new fighter jet project, Tempest, which it launched on Monday, a senior official in the UK’s Royal Air Force told Reuters.
United Airlines said on Monday it would buy four new Boeing Co 787-9 widebody aircraft, a deal valued at about $1.1 billion at current list prices.
European planemaker Airbus said on Monday it had signed a memorandum of understanding to sell 80 of its A320neo passenger jets to an unidentified global aircraft leasing company.
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