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February 19, 2020
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Reuters - Business

Business jet deliveries hit decade high in 2019, helped by new models

Reuters
FILE PHOTO: Prototypes of chaise lounge for Bombardier’s Global 7500, the first business jet to have a queen-sized bed and hot shower, is shown during a media tour in Montreal, Quebec, Canada, December 19, 2018. Picture taken December 19, 2018. REUTERS/Christinne Muschi (Reuters) – Business jet deliveries across the globe......
Reuters - Business

Trump blasts proposed U.S. restrictions on sale of jet parts to China

Reuters
WASHINGTON (Reuters) – President Donald Trump objected on Tuesday to U.S. proposals that would prevent companies from supplying jet engines and other components to China’s aviation industry and suggested he had instructed his administration not to implement them. FILE PHOTO: Chinese Vice Premier Liu He and U.S. President Donald Trump......
Reuters - Business

Trump blasts proposed restrictions on selling U.S. jet parts to China

Reuters
WASHINGTON (Reuters) – U.S. President Donald Trump on Tuesday blasted proposals that could restrict U.S. companies’ ability to supply jet engines and other components to China’s aviation industry and said he had instructed his administration to prevent such moves. FILE PHOTO: Chinese Vice Premier Liu He and U.S. President Donald......
Reuters - Business

Alstom, Bombardier shares fall after $6.7 billion rail deal

Reuters
PARIS/MONTREAL (Reuters) – Shares of Alstom SA (ALSO.PA) and Bombardier Inc (BBDb.TO) fell on Tuesday after the French firm agreed to buy its Canadian rival’s rail division for up to 6.2 billion euros ($6.7 billion), a deal likely to draw scrutiny from competition regulators and unions concerned about job cuts.......
Reuters - Business

Alstom shares fall after its $6.7 billion Bombardier rail deal

Reuters
PARIS (Reuters) – Alstom (ALSO.PA) shares fell on Tuesday after the French firm agreed to buy the rail division of Canada’s Bombardier (BBDb.TO) for up to 6.2 billion euros ($6.7 billion), in a deal likely to be scrutinized by regulators and unions. FILE PHOTO: A logo of Alstom is seen......
Reuters - Business

Timeline: Bombardier’s journey from Ski-Doo maker to business jet maker

Reuters
(Reuters) – Alstom SA on Monday agreed to buy Bombardier Inc’s train business for up to 6.2 billion euros ($6.7 billion), days after Airbus SE agreed to buy out Bombardier’s remaining stake in the A220 passenger jet program, helping the company improve its financial position. FILE PHOTO: The 100th Bombardier......
Reuters - Business

Alstom to buy Bombardier rail unit for up to $6.7 billion

Reuters
PARIS/MONTREAL (Reuters) – France’s Alstom said on Monday it had agreed to buy the train division of Canada’s Bombardier for up to 6.2 billion euros ($6.7 billion), in the latest bid by Western rail companies to bulk up in the face of Chinese competition. Alstom, the maker of TGV bullet......
Reuters - Business

Alstom in talks over $7 billion Bombardier rail deal

Reuters
PARIS (Reuters) – France’s Alstom (ALSO.PA) is in talks to buy the train business of Canada’s Bombardier (BBDb.TO) in a potential $7 billion deal that marks the latest attempt by Western rail companies to bulk up in the face of Chinese competition. Alstom, the maker of TGV bullet trains that......
Reuters - Business

Alstom confirms talks on potential $7 billion Bombardier deal

Reuters
PARIS (Reuters) – French train maker Alstom (ALSO.PA) has confirmed it is in talks on the possible acquisition of the train business of Canada’s Bombardier (BBDb.TO), a potential $7 billion deal that could help it build scale in the increasingly competitive rail sector. FILE PHOTO: Trains are seen at the......
Reuters - Business

Alstom confirms talks underway to buy Bombardier Transportation

Reuters
FILE PHOTO: A logo of Alstom is seen at the Alstom’s plant in Semeac near Tarbes, France, February 15, 2019. REUTERS/Regis Duvignau/File Photo PARIS (Reuters) – French transport infrastructure company Alstom (ALSO.PA) said on Monday it was in talks over a possible acquisition of the train business of Canadian company......
Reuters - Business

U.S. weighs blocking GE engine sales for China’s new airplane: sources

Reuters
(Reuters) – The U.S. government is considering whether to stop General Electric Co (GE.N) from continuing to supply engines for a new Chinese passenger jet, according to people familiar with the matter, casting uncertainty over China’s efforts to enter the civil aviation market. FILE PHOTO: A traffic light is seen......
Reuters - Business

Exclusive: Thyssenkrupp-Kone elevator merger would trigger legal war – Schindler

Reuters
FRANKFURT/DUESSELDORF, Germany (Reuters) – Swiss elevator maker Schindler (SCHP.S) would embark on an all-out antitrust offensive in the courts to stall any deal to combine Thyssenkrupp’s (TKAG.DE) lift division with rival Kone (KNEBV.HE), board member Alfred Schindler told Reuters. FILE PHOTO: Thyssenkrupp’s elevator test tower is pictured in Rottweil, Germany,......
Reuters - Business

Siemens hit by industrial slowdown and energy problems

Reuters
MUNICH (Reuters) – German engineering company Siemens (SIEGn.DE), hit by a global slowdown in power and gas and among industrial customers, said on Wednesday it missed forecasts for first-quarter sales and profit in what its chief executive called a “slow start to the year”. FILE PHOTO: The logo of German......
Reuters - Business

Siemens posts weaker-than-expected first-quarter industrial profit

Reuters
MUNICH (Reuters) – Germany’s Siemens (SIEGn.DE) on Wednesday reported weaker-than-expected industrial profit during its first quarter as a downturn in the manufacturing sector hit its flagship digital industries business and its wind power unit suffered losses. FILE PHOTO: The logo of German industrial group Siemens is seen in Zurich, Switzerland,......
Reuters - Business

GE profit rises 30% on aviation boost

Reuters
The General Electric Co. logo is seen on the company’s corporate headquarters building in Boston, Massachusetts, U.S. July 23, 2019. REUTERS/Alwyn Scott (Reuters) – General Electric Co (GE.N) on Wednesday reported a 30% jump in quarterly profit, boosted by its aviation business, but forecast 2020 profit below estimates. Earnings from......
Reuters - Business

3M forecasts 2020 profit below estimates on weak China demand

Reuters
(Reuters) – U.S. industrial giant 3M Co (MMM.N) forecast 2020 profit below expectations after narrowly missing quarterly revenue estimates on Tuesday as weak demand from China dents overall growth. Shares of the company, which draws a third of its revenue from Asia, fell 4.2% and were the biggest drag on......
Reuters - Business

Boeing’s 777X jetliner successfully completes maiden flight

Reuters
SEATTLE (Reuters) – Boeing Co (BA.N) successfully completed on Saturday the maiden flight of the world’s largest twin-engined jetliner as the embattled planemaker steps up competition with European rival Airbus (AIR.PA) in a respite from a crisis over its smaller 737 MAX. A Boeing 777X airplane taxis during an attempted......
Reuters - Business

Boeing 777X jetliner successfully completes maiden flight

Reuters
A Boeing 777X airplane takes off during its first test flight from the company’s plant in Everett, Washington, U.S. January 25, 2020. REUTERS/Terray Sylvester SEATTLE (Reuters) – Boeing Co (BA.N) on Saturday successfully completed the maiden flight of the world’s largest twin-engined jetliner, the 777X. The 252-foot-long passenger jet landed......
Reuters - Business

Boeing’s 777X jetliner takes off on maiden flight

Reuters
A Boeing 777X airplane taxis during an attempted first test flight from the company’s plant in Everett, Washington, U.S. January 24, 2020. REUTERS/Lindsey Wasson SEATTLE (Reuters) – Boeing Co (BA.N) began the maiden flight on Saturday of the world’s largest twin-engined jetliner as the embattled planemaker steps up competition with......
Reuters - Business

Financier doubts add to Boeing’s MAX headaches

Reuters
DUBLIN (Reuters) – To restore faith in the 737 MAX, Boeing needs to prove its flagship jet is not just airworthy but also a safe investment. FILE PHOTO: Grounded Boeing 737 MAX aircraft are seen parked in an aerial photo at Boeing Field in Seattle, Washington, U.S. July 1, 2019.......

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