MONTREAL, PARIS (Reuters) – Bombardier and Airbus unveiled to employees the top leaders for the CSeries program, in a further step towards finalizing a deal that will see the European planemaker taking control of the Canadian jetliner, according to a memo to staff on Wednesday that was seen by Reuters.
McDermott International shareholders on Tuesday approved a merger with Chicago Bridge & Iron Co that creates a vertically integrated onshore and offshore engineering and construction company, thwarting an attempt by offshore drilling contractor Subsea 7 to block the deal. More than 50 percent of McDermott shareholders supported the merger and approved a 3-to-1 reverse stock split, according to a spokesman. CB&I shareholders also voted in favor the deal, the companies said, and the combination is expected to close on May 10. …read more […]
BERLIN (Reuters) – Aerospace suppliers are starting to explore blockchain technology to keep tabs on their supply chain, potentially tracking parts such as those identified as the cause of a Southwest Airlines accident last month.
WILMINGTON, Del./NEW YORK (Reuters) – German healthcare group Fresenius alleged it uncovered “blatant fraud at the very top level” of U.S. generic drugmaker Akorn Inc after Fresenius agreed to acquire the company for $4.75 billion, according to a court filing made public late on Tuesday.
(Reuters) – U.S. stocks were slightly lower on Wednesday, with declines in biotechnology and insurers negating Apple’s rise after strong results, ahead of the Federal Reserve’s policy announcement.
Last week, Spyglass Security founder Jackie Stokes tweeted that a Facebook …read more […]
TORONTO, May 02, 2018 — The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD”) is pleased to announce that it has successfully completed an initial public offering (the “Offering”) of 31,510,000 units (the “Units”) […]
(Reuters) – Shares of Snap Inc sank as much as 22 percent to the lowest since its 2017 flotation on Wednesday, after first quarter numbers showed it losing confidence among users and advertisers due to a widely-panned redesign of Snapchat.
SEOUL (Reuters) – South Korean prosecutors are looking into U.S. activist fund Elliott Management to see whether it violated disclosure rules, local media reported on Wednesday.
(Reuters) – He thinks of himself as a teacher, and to many he is an icon. But to Wall Street, Warren Buffett is something quite different.
(Reuters) – U.S. stocks fell on Wednesday as caution set in ahead of the Federal Reserve’s regular policy statement, while strong results from Apple kept losses in check.
BEIJING (Reuters) – Chinese property speculators are starting to bet on a rapid improvement in relations between North Korea and the rest of the world, pushing up prices in the border city of Dandong and even spurring buying interest in the world’s most isolated country.
The head of Qatar Airways said Boeing’s 777X aircraft programme was experiencing delays, but he was sure that Boeing (BA.N) would catch up and deliveries of the jet would start on time in 2020. “Boeing I think is a couple of months behind schedule but there is still time and they will catch up,” Chief Executive Akbar al Baker told reporters on Wednesday. The 406-seat 777-9, the main model of a two-aircraft family known as 777X, aims to maintain Boeing’s grip on the ‘mini-jumbo’ market by leapfrogging Airbus’s (AIR.PA) 365-seat A350-1000, its European rival’s largest twin-engined jet. …read more […]
(Reuters) – United Parcel Service Inc is in talks with at least one U.S. trucking firm to launch an in-home delivery service for large, heavy goods such as couches and treadmills, as the world’s largest package deliverer looks to cash in on one the fastest growing segments of online retail.
NEW YORK (Reuters) – U.S. mortgage applications fell last week as interest rates on some 30-year fixed-rate home loans reached their highest levels in more than 4-1/2 years, the Mortgage Bankers Association said on Wednesday.
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