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Boeing engineers overwhelmingly back new labor contracts

More than 70 percent of voters backed the agreements for two bargaining units of the Society of Professional Engineering Employees in Aerospace (SPEEA) that cover 20,100 workers, the union said. Professional workers voted 6,085 to accept and 2,460 to reject, while technical workers voted 2,825 to accept and 1,030 to reject, the union said. Boeing agreed to pay 15 percent more than the national average of wages for professional engineers, as

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Boeing engineers overwhelmingly back new labor contracts

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Pratt & Whitney, VietJet sign $3 billion engine deal

Engine manufacturer Pratt & Whitney has signed a $3.04 billion contract to sell engines to budget airline VietJet Air for Airbus aircraft, the airline said in a statement. The engines will be installed on 63 A320 and A321 planes ordered by VietJet under the contract signed at the Singapore Airshow, Vietnam's first privately owned carrier said in the statement issued late on Wednesday. The airline said it wants to expand routes to cover all of Asia-Pacific.

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Pratt & Whitney, VietJet sign $3 billion engine deal

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Toyota recalling 2.9 million vehicles globally over seatbelt issue

Toyota Motor Corp said on Thursday it is conducting a global recall of 2.87 million vehicles due to the possibility that their seatbelts could be damaged by a metal seat frame part in the event of a crash. In an email, the world's biggest-selling automaker said that the global …

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Toyota recalling 2.9 million vehicles globally over seatbelt issue

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In switch, Bullard warns against rate hikes, suggesting Fed’s direction

One of the U.S. Federal Reserve's most prominent advocates of higher interest rates on Wednesday declared it “unwise” to move any further in light of weak inflation and global volatility, suggesting the Fed is stepping further away from plans to continue to hike rates. St. Louis Fed President James Bullard argued steadily last year for the U.S. central bank to tighten policy and sounded alarms over the risk that continued low…

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In switch, Bullard warns against rate hikes, suggesting Fed’s direction

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Global downturn spurred Fed to consider changing rate path: minutes

By Jason Lange and Lindsay Dunsmuir WASHINGTON (Reuters) – Federal Reserve policymakers worried last month that a global slowdown and financial market selloff could hurt the U.S. economy and considered changing the central bank's planned interest rate hike path for 2016. Although most of the policymakers still expected to raise rates this year and even discussed a

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Global downturn spurred Fed to consider changing rate path: minutes

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Lockheed seals services deal with Leidos, forecasts profit below view

By Andrea Shalal WASHINGTON (Reuters) – Lockheed Martin Corp on Tuesday announced a $5 billion tax-free deal to combine its information systems and government services business with Leidos Holdings Inc , and forecast a lower-than-expected profit in 2016. Lockheed's shares fell as much as 5 percent amid confusion over future prospects for the Pentagon's No. 1 supplier, although the stock recovered after Lockheed officials reassured analysts they still expected rising sales and earnings in coming years. Lockheed was

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Lockheed seals services deal with Leidos, forecasts profit below view