PARIS (Reuters) – Lockheed Martin Corp said on Wednesday it had won a $104 million U.S. Air Force contract to develop, produce and field a threat simulator to train combat aircrews to recognize and deal with rapidly evolving threats, such as surface-t…
JERUSALEM (Reuters) – El Al Israel Airlines is buying three more Boeing 787 Dreamliners in a deal worth more than $729 million, firming up additional commitments made in 2015, the companies said on Wednesday.
PARIS (Reuters) – Emirates, the Middle East’s largest airline, is looking to the region’s biggest economy, Saudi Arabia, to help make up for a drop in demand that has forced it to keep five aircraft grounded.
PARIS (Reuters) – Airbus sales chief John Leahy scoffed at Boeing’s claims about the efficiency of a new 737 jet that has been grabbing orders and headlines at the Paris Airshow, but played down expectations of a last-minute comeback to win the event…
PARIS (Reuters) – Emirates, the Middle East’s largest airline, is seeing a return in demand on routes to the United States that it had started to retreat from in May, President Tim Clark said on Wednesday.
SAN FRANCISCO (Reuters) – Uber Technologies Inc [UBER.UL] Chief Executive Travis Kalanick, co-founder of one of the most influential technology companies of its generation, resigned on Tuesday under pressure from investors after a string of setbacks.
HONG KONG (Reuters) – Hong Kong’s richest man Li Ka-shing said on Wednesday he has not decided when to retire and will stay as group senior advisor after he steps down as the chairman of CK Hutchison Holdings .
(Reuters) – Asian central banks have not blinked since the Federal Reserve raised U.S. rates for the third time in six months last week.
HONG KONG (Reuters) – China Vanke Co Chairman Wang Shi, one of the best known people in Chinese business, will step down from the board after a years-long power struggle saw the nation’s No.2 property developer fall under state control.
(Reuters) – Tesla Inc said the head of its autopilot software, Chris Lattner, left the company in less than six months since joining the electric carmaker.
TOKYO (Reuters) – Toshiba Corp has chosen a consortium of Bain Capital and Japanese government investors as the preferred bidder for its chip business, aiming to seal a deal worth some $18 billion by next week as it scrambles for funds to cover massiv…
(Reuters) – Payless ShoeSource Inc settled a dispute with its creditors on Tuesday, after creditors alleged that the company’s private equity owners inappropriately siphoned off $400 million before the U.S. retailer’s bankruptcy, people familiar with t…
NEW YORK (Reuters) – Oil prices ended down more than 2 percent on Wednesday after hitting a 10-month low in volatile trade, as growing U.S. production and reduced Chinese refinery activity fed mounting concern over the stubborn global crude glut.
LONDON (Reuters) – A renewed slump in oil prices to seven-month lows dragged down world stocks on Wednesday and flattened bond curves as bets that inflation and interest rates will stay lower for even longer began to build again.