9 March, 2015 by The TZ Newswire Staff Comments Off on Boeing to improve 777, studies options for midsized jet
Boeing to improve 777, studies options for midsized jet
Boeing Co (BA.N) pledged on Monday to improve the efficiency and seating capacity of its 777 to shore up production of its most profitable airliner before it switches to a newer model. The “mini-jumbo” is getting new engines and wings from 2020, but in the meantime Boeing needs to boost sales of the existing version to avoid having to cut production, which would undermine a key source of cash.
9 March, 2015 by The TZ Newswire Staff Comments Off on GM plans $5 billion share buyback, agrees deal to avert proxy fight
GM plans $5 billion share buyback, agrees deal to avert proxy fight
General Motors Co. said Monday it would launch a $5 billion share buyback in an effort to avert a proxy war with dissident investors, and detailed a plan that could allocate investors even more cash. GM said it had reached a deal with an investor group that averts a proxy fight over its balance sheet and governance. As part of the agreement, investment-group-leader Harry Wilson will drop his effort to get a seat on GM’s board. GM shares were up 2.4 percent at $37.42 in afternoon trade.
9 March, 2015 by The TZ Newswire Staff Comments Off on Airbus sales chief says well placed for further output hikes
Airbus sales chief says well placed for further output hikes
Airbus, which recently announced an output increase for its A320 jet family, has amassed enough excess orders through overboooking to justify further production increases at some point in the future, its sales chief said on Monday. Airbus last month announced plans to increase output of its best-selling jet family to 50 aircraft a month in 2017, up from 42 a month now. “It does appear that we have more than enough overbooking to comfortably cover rates above 50, perhaps above 60 (a month),” John Leahy told the Istat air finance conference.
9 March, 2015 by The TZ Newswire Staff Comments Off on GM’s Barra bets she can deliver where predecessors fell short
GM’s Barra bets she can deliver where predecessors fell short
General Motors Co (GM.N) Chief Executive Officer Mary Barra’s deal on Monday to return up to $10 billion to investors is a career-defining bet that she can reverse the automaker’s history of doubling down on money-losing products and failed expansion strategies. The linchpin of the strategy GM outlined to buy back $5 billion worth of shares and distribute another $5 billion in dividends to shareholders by the end of 2016 is a vow that the company will generate 20 percent or better returns on cash invested in new vehicles, advanced technology and other capital projects.
9 March, 2015 by The TZ Newswire Staff Comments Off on Tesco says not stocking some soft drinks due to supply issues
Tesco says not stocking some soft drinks due to supply issues
Britain’s Tesco said on Monday it had stopped stocking some soft drinks in its outlets due to supply issues. The comment follows a report by The Grocer magazine last week that the supermarket chain had …
9 March, 2015 by The TZ Newswire Staff Comments Off on Some Markets Are Turmoiling In Asia
Some Markets Are Turmoiling In Asia
No catalyzing event – China CPI modestly hotter than expected and Aussie confidence weak – but FX markets are fast in the Asia session with USDJPY surging above 122.00 for the first time since July 2007 and EURUSD dropping below 1.08 as USD strength dominates (up 1.65% from payrolls). Japanese stocks have decoupled from USDJPY’s rally and are down notably and despite the USD strength, WTI crude has jumped (perhaps on news of Iraqi forces taking back an oil field near Tikrit). Gold is falling as Offshore Renminbi weakens.
9 March, 2015 by The TZ Newswire Staff Comments Off on The 17 Elements Of Martial Law
The 17 Elements Of Martial Law
Submitted by Dave Hodges via The Common Sense Show blog,
The term “Martial Law” is thrown around with reckless disregard. “Is America under martial law?” is a question that is often discussed in the Independent Media.