deals

Iran seals $17 billion Boeing deal, close to Airbus order

By Tim Hepher and Sami Aboudi PARIS/DUBAI (Reuters) – Iran signed a $16.6 billion deal for 80 Boeing passenger jets on Sunday and was said to be close to another for dozens of Airbus planes to complete what would be the biggest package of firm contracts with Western companies since Iran's 1979 Islamic revolution. The deal between IranAir and U.S. planemaker Boeing includes 50 narrow-body 737 MAX aircraft and 30 long-haul 777s, split equally between the 777-300ER, which is badly in need of an order boost, …

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Iran seals $17 billion Boeing deal, close to Airbus order

deals

Charter Communications completes purchase of Time Warner Cable

Charter Communications Inc said Wednesday it has completed its acquisition of Time Warner Cable Inc and Bright House Networks LLC, creating the second-largest U.S. broadband provider and third-largest pay TV provider. The combination of Charter, TWC and Bright House will serve over 25 million customers in 41 states. The completion of the deals came days after Charter won final regulatory approvals, about a year after the transactions were announced.

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Charter Communications completes purchase of Time Warner Cable

deals

Wanted: Manufacturing whizzes to work on Tesla’s Model 3

By Alexandria Sage SAN FRANCISCO (Reuters) – Technology entrepreneur Elon Musk gave a public shout-out to the sharpest minds in manufacturing this week, calling on them to come help Tesla Motors Inc build a million all-electric cars a year by 2020. Musk says he is “hell-bent” on making the Silicon Valley automotive upstart a manufacturing powerhouse, but his vision relies on finding veteran auto engineers to ramp up volume ten-fold in four …

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Wanted: Manufacturing whizzes to work on Tesla’s Model 3

deals

Berkshire operating profit falls short, book value rises

By Jonathan Stempel (Reuters) – Warren Buffett's Berkshire Hathaway Inc on Friday confirmed that its first-quarter profit rose 8 percent, while operating results fell short of analyst forecasts as falling oil prices and coal demand hurt its BNSF railroad unit. The Omaha, Nebraska-based conglomerate, which has close to 90 operating units, also said its book value per share, measuring assets minus liabilities and Buffett's preferred gauge of

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Berkshire operating profit falls short, book value rises

deals

FCC confirms approval of Charter, Time Warner Cable merger

By David Shepardson WASHINGTON (Reuters) – The U.S. Federal Communications Commission confirmed on Friday that it had voted to approve Charter Communications Inc's acquisitions of Time Warner Cable Inc and Bright House Networks. Tom Rutledge, president and chief executive of Charter, said in a statement Friday that the transactions have

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FCC confirms approval of Charter, Time Warner Cable merger

deals

Starwood signs first U.S.-Cuba hotel deal since 1959 revolution

By Marc Frank HAVANA (Reuters) – Starwood Hotels & Resorts Worldwide on Saturday became the first U.S. hotel company to sign a deal with Cuba since the 1959 revolution, announcing a multimillion-dollar investment a day before U.S. President Barack Obama was due to visit Havana. Such deals would normally be prohibited under the U.S. economic embargo of Cuba, but Starwood received special permission from the U…

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Starwood signs first U.S.-Cuba hotel deal since 1959 revolution