Boeing Co. Wednesday said it will keep its options open on whether it will follow rival Airbus’s footsteps, after the European manufacturer said it will replace the engines on its popular A320 family of aircraft in a bid to help airlines become more efficient and save costs. Get the full story »
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Airbus ready to upgrade A320, may say on Weds.
Airbus has virtually finalized a decision to upgrade its best-selling A320 passenger jet with new engines and the $1-2 billion project could be announced as early as Wednesday, two sources familiar with the matter said.
The project is designed to fend off competition from new market entrants like Canada’s Bombardier and shore up the European planemaker’s position against rival Boeing. Get the full story »
Bonds pare gains after Chicago ISM data
The U.S. government debt market trimmed gains on Tuesday after data signaled faster-than-expected manufacturing growth in the U.S. Midwest region. Get the full story »
Caterpillar plans to shift parts sourcing to China
Caterpillar Inc. plans to move “as much as possible” of the sourcing for its most complex parts from Japan to China, the Financial Times reported Monday on its website.
The company imports 40% of components for its excavator factories from Japan, according to the FT. However, it plans to cut that by at least a quarter within five years as it prepares for a bigger shift. Get the full story »
Midwest manufacturing output rises in October
From Bloomberg | The Chicago Fed Midwest Manufacturing Index increased 0.7 percent in October, to a seasonally adjusted level of 80.9.
Sources: Airbus, Boeing mull further output hikes
Airbus and Boeing have begun sounding out suppliers on their ability to cope with further production increases of their most popular jets, taking combined output well above 80 a month within four to five years.
Three senior industry sources told Reuters consultations had started on a historic upswing which could see Airbus producing as many as 44 A320 single-aisle planes by 2014 or 2015 and its rival simultaneously rising to as many as 42 737s a month. Get the full story »
Boeing 787 delays give edge to rival Airbus
Aircraft manufacturer Boeing Co.’s delays in readying its new 787 Dreamliner jumbo jet for delivery have been giving competitors an advantage, an executive for rival Airbus said Thursday.
“It’s true that all the delays with the 787 have helped us,” Airbus Senior Vice President for Latin America Rafael Alonso told reporters on the sidelines of an airline forum, noting the Airbus A330 as the main beneficiary. “In the case of the 787, we think their problems aren’t resolved yet, we don’t know how it’s going to continue developing.” Get the full story »
3Q profit better than expected for Dell, sales weaker
Dell Inc. reported better-than-expected profit and margins and raised its yearly outlook for operating income growth, but sales came in below Wall Street’s forecast despite solid demand from large corporations.
The personal computer maker reported net earnings for the third quarter ended Oct. 29 of $822 million, or 42 cents a share, up from $337 million, or 17 cents a share, a year earlier. Get the full story »
Nov. 18, 2010 at 11:11 a.m.
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Filed under: Economy, Jobs/employment, Layoffs, Manufacturing, Policy, Politics, Updated U.S. factory, job data show some economic strength
In this Sept. 20, 2010 photograph, people attend a job fair at a hotel in Boston. (AP Photo/Stephan Savoia)
New U.S. claims for jobless benefits barely rose last week and manufacturing activity in the country’s Mid-Atlantic region touched a near one-year high in November, more proof the economy was regaining momentum.
The improving economic picture also was enhanced by another report on Thursday showing a gauge of future activity increased 0.5 percent in October.
However, the data are not robust enough to deter the Federal Reserve from fully implementing its much criticized program to purchase $600 billion worth of government debt to push already low interest rates down to stimulate the economy. Get the full story »
Air France negotiating with Boeing about aircraft
Franco-Dutch airline Air France-KLM said Wednesday it expects to place an order for about 100 new wide-bodied aircraft soon as it anticipates its capacity needs for the middle of this decade and beyond.
The airline is in negotiations with Boeing Co. and its European rival Airbus, and the talks should be completed in the coming weeks or months, Chief Financial Officer Philippe Calavia said on the sidelines of a press conference.
Morgan Stanley: Boeing may delay 787 to 2012
From Bloomberg | Boeing Co. may push back the 787 Dreamliner’s entry into service for the seventh time, adding as much as a year to the delay for the composite-plastic jet, Morgan Stanley said.
Packaging giant Reynolds closes Pactiv acquisition
Reynolds Group Holdings Ltd., maker of aluminum foil and other packaging products, announced Tuesday that it has completed its acquisition of rival Pactiv Corp., paying shareholders $4.6 billion.
Boeing: Still no timetable for more 787 flights
Boeing's long-delayed 787 Dreamliner takes to the sky at Paine Field in Everett, Washington, in this December 15, 2009 file photo. (Paul Joseph Brown/AFP/Getty Images)
Boeing Co. said Tuesday that it is still investigating last week’s electrical fire that forced an emergency landing of one of its 787 Dreamliner test planes and it has not yet decided when flight tests will resume.
The aviation industry is awaiting word on whether the fire will trigger another delay for first delivery of the light-weight, carbon-composite Dreamliner, which is still in development and nearly three years behind schedule.
Boeing has not updated its target for first delivery to Japan’s All Nippon Airways Co Ltd , which is planned for the middle of the first quarter of 2011. Get the full story »
Rolls-Royce to swap out, repair leaky A380 engines
Rolls-Royce will temporarily replace engines that have oil leaks on the world’s largest jetliner after one motor disintegrated midair, an aviation regulator told The Associated Press on Monday.
The official said the British engine-maker would take off faulty engines and replace them with new ones. It will then fix the leaking part and swap the engine back again. Get the full story »
