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Boeing’s $14 billion Singapore Air order does not fill 777, 787 gap: CEO

Boeing Co must sell more 777 and 787 jetliners to keep production plans on track, despite a $13.8 billion order that landed earlier on Thursday, its chief executive said. The order from high-profile customer Singapore Airlines is a strong endorsement of both planes, and…

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Boeing’s $14 billion Singapore Air order does not fill 777, 787 gap: CEO

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Iran says it sealed Boeing plane deal at half price

Iran said on Sunday it had negotiated to pay only about half the announced price for 80 new Boeing airliners in an order that the American planemaker had said was worth $16.6 billion. Boeing and its European rival Airbus have both signed huge contracts this month to supply airliners to Iran, the first such deals since international sanctions were lifted under a deal to curb Tehran's nuclear program. Replacing Iran's antiquated civil aviation …

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Iran says it sealed Boeing plane deal at half price

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After Apple, EU may focus on companies closer to home

Multinational companies can expect the European Commission to press on with a crack down on sweetheart tax deals after handing Apple a breathtaking demand for 13 billion euros, officials and experts said on Wednesday. The order to the iPhone maker to pay back taxes to Ireland on the grounds that Dublin illegally favored Apple with a tax regime that amounted to a competition-distorting

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After Apple, EU may focus on companies closer to home

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Japanese airline ANA to replace 100 Rolls engines on 787s

By Alwyn Scott SEATTLE (Reuters) – ANA Holdings Inc , Japan's largest airline, said on Wednesday it will replace all 100 Rolls-Royce engines on its fleet of Boeing 787 Dreamliners following three engine failures this year caused by corrosion and cracking of turbine blades. In response to questions from Reuters, ANA, the world's largest 787 operator, said all 50 of its 787s will receive engines fitted with new blades, a process that could take up to three years. ANA has only three engines that…

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Japanese airline ANA to replace 100 Rolls engines on 787s

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Wendy’s comparable sales miss as fewer diners eat out

Burger chain Wendy's Co reported lower-than-expected quarterly comparable sales on Wednesday as a fall in grocery prices encouraged more diners to eat at home, sending the company's shares down as much as 8 percent. Food prices have been on the decline in 2016, according to the U.S. Department of Agriculture. Poultry prices dropped 3.4 percent in June from a year earlier, while beef and veal prices fell 6.7 percent, helped by lower transportation costs due to a fall …

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Wendy’s comparable sales miss as fewer diners eat out

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Boeing won’t raise 787 production unless market demands it

By Alwyn Scott NEW YORK (Reuters) – Boeing Co said on Wednesday it will not increase 787 output unless sales improve, its clearest indication yet that its large jetliner production may have peaked for now. “If the market's not going to demand it, we're not going to go,” Chief Financial Officer Greg Smith said on the sidelines of an investor conference in New York organized by global investment bank Jefferies, confirming remarks made during …

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Boeing won’t raise 787 production unless market demands it

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Boeing aims for supersonics and Mars at outset of second century

By Alwyn Scott SEATTLE (Reuters) – The Boeing Co marked its centennial on Friday with plans to sharpen its focus on innovation, including ambitious projects for supersonic commercial flight and a rocket that could carry humans to other planets. The enterprise established by William Boeing in a Seattle boathouse has faced numerous “bet the company” moments over its 10 decades to bring out new planes such as the 707 and 747. “We have won for 100 years because of innovation,” Muilenburg said.

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Boeing aims for supersonics and Mars at outset of second century

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U.S. Virgin Islands sues Takata, Honda over airbags

The U.S. territory joins Hawaii, which earlier this month sued Takata and Honda, the largest user of recalled Takata air bags linked to 13 deaths and more than 100 injuries. The Virgin Islands suit, seeking

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U.S. Virgin Islands sues Takata, Honda over airbags

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Fed’s Powell says interest rates could rise ‘fairly soon’

A U.S. rate hike may come “fairly soon” if data confirm the economy is continuing to grow and labor markets are still tightening, Federal Reserve Governor Jerome Powell said on Thursday in remarks that may help tee up higher rates as soon as mid-June. Powell said the economy remains on a “solid footing” and that he views ongoing job growth and evidence of rising wages as being more important than recent weakness in consumer spending and business investment. “There are good reasons to think that underlying…

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Fed’s Powell says interest rates could rise ‘fairly soon’

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U.S. business spending mired in weakness, but economy picking up

U.S. business spending intentions weakened in April for a third straight month amid soft demand for machinery, but a surge in contracts to purchase previously owned homes to a 10-year…

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U.S. business spending mired in weakness, but economy picking up

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