HELSINKI (Reuters) - Top executives at aerospace group EADS <EAD.PA> will see their bonuses hit after the cost debacle surrounding the delayed A400M military transport aircraft, but staff will mostly be spared, its top personnel executive said on Thursday.
Airbus parent EADS last week announced 1.8 billion euros ($2 ...More
NEW YORK (Reuters) - Exxon Mobil Corp <XOM.N> will increase its capital spending nearly 4 percent this year to $28 billion as it evaluates new fields around the world, but it cautioned that the global economy remained unsteady.
Exxon, the world's largest publicly traded oil company, also said it ...More
NEW YORK (Reuters) - The chief executive of Simon Property Group Inc <SPG.N> on Thursday said a plan by management of General Growth Properties Inc <GGP.N> to emerge from bankruptcy lacks certainty despite new financial backing.
Simon, the largest U.S. mall owner, last month offered to buy General ...More
WASHINGTON (Reuters) - The U.S. trade deficit narrowed unexpectedly in January as oil imports fell to their lowest since February 1999, a government report showed on Thursday.
The trade gap shrank 6.6 percent to $37.3 billion, the Commerce Department said. U.S. exports declined, but not as much ...More
WASHINGTON (Reuters) - The number of U.S. workers filing new applications for unemployment benefits fell slightly less than expected last week, hinting at a slow labor market recovery.
Initial claims for state unemployment benefits slipped 6,000 to a seasonally adjusted 462,000 from 468,000 the prior week, the ...More
NEW YORK (Reuters) - U.S. mortgage foreclosure filings dropped for a second straight month in February, and notched the smallest annual increase in four years as housing-rescue efforts contained activity, a report released on Thursday showed.
Foreclosures are by far one of the biggest threats to the U.S. housing ...More
GENEVA (Reuters) - Airlines are recovering strongly from the crisis, as passengers, freight and pricing power return, the airline industry association IATA said on Thursday, halving its forecast for a 2010 loss.
With capacity for both passengers and cargo hitting record levels at the end of last year, all indicators are ...More
By John O'Donnell
BRUSSELS (Reuters) - The European Union hit back Thursday against U.S. criticism of plans to crack down on hedge funds, saying its push for openness in the industry met a commitment also given by Washington and others.
U.S. Treasury Secretary Tim Geithner has complained to ...More
LONDON/GENEVA (Reuters) - HSBC <HSBA.L>, Europe's biggest bank, said a theft of data by a former employee affected up to 24,000 Swiss client accounts, dealing a hefty blow to the reputation of its private bank.
Switzerland's financial regulator FINMA was investigating the theft, it said on ...More
PARIS (Reuters) - The apparent loss this week of a U.S. in-flight refueling tanker contract worth up to $50 billion will not affect EADS's <EAD.PA> finances, the European aerospace group's chief executive said on Thursday.
On Monday EADS's U.S. partner Northrop Grumman <NOC.N> dropped ...More
