As Boeing Co waits for the U.S. government to approve a delayed order by Kuwait for 28 jets, it is nearing a decision to invest "a significant amount" to keep a F/A-18E/F fighter jet production line in St. Louis running, reports Reuters.   The company would decide in coming weeks whether to...

The Japanese auto supplier has insisted that the propellant in its airbags is safe as the safety crisis surrounding Takata’s airbags that are prone to rupture has mushroomed.   However as long as 16 years ago Takata’s own engineers discarded evidence that may have shown otherwise, testimony...

Despite the fact that there are differences between the two over prices, Japan's NTT Data Corp is in exclusive negotiations to acquire Perot Systems, the information technology consulting division of Dell Inc, reports news agency Reuters quoting sources.   As NTT Data seeks to expand in the...

For the first time in almost 25 years Rollls-Royce has cut its dividend payment to shareholders and has warned of further job cuts to come.     While analysts had expected a 30% reduction, the final dividend payment to investors has been slashed by 50%, to 7.1p a share.   There...

As the Russian government prepares to sell either a controlling or minority stake in the firm to plug a budget deficit, oil major LUKOIL has told the Russian government it wants to buy smaller rival Bashneft, reported the Reuters.   The Russian economy has been hit by tumbling crude prices...

Britain’s competition authority has imposed a fine of £37.6m on GlaxoSmithKline for “illegal behavior” which resulted in higher costs for he NHS in relation to its antidepressant Seroxat.   In return for the generic drug makers delaying the launch of cheaper versions of the blockbuster...

Are banknotes of 500 euros, so popular among criminals, money launderers and tax evaders, close to disappear? Member of the Executive Board of the European Central Bank Benoit Cœuré said that arguments in favor of the 500 euros bill are "less and less convincing." "We are actively considering...

A bigger-than-expected quarterly loss gave an opportunity to the American International Group Inc to place billionaire John Paulson and its representative to the company board as it capitulated in its boardroom fight with activist investor Carl Icahn.   There was a marginal rise in the...

In its third attempt to buy the Swedish company, Generic drug maker Mylan NV said it would acquire Meda AB in a $7.2 billion cash-and-stock deal.   Mylan had unsuccessfully pursued for seven months to acquire smaller rival Perrigo and the recent move comes three months after the company...