U.S. business spending slips, new home sales rise in August

[Buzz_Burner_Fresh_Updates] U.S. business spending slips, new home sales rise in August – reuters.com WASHINGTON (Reuters) – U.S. business investment fell slightly in August, excluding spending on aircraft and defense equipment, but new home sales rose, suggesting that global economic headwinds were doing little to impede U.S. growth. Continue Reading On reuters.com »  

Boeing to sell 300 jets to China firms, set up China plant: Xinhua

[Buzz_Burner_Fresh_Updates] Boeing to sell 300 jets to China firms, set up China plant: Xinhua – reuters.com BEIJING (Reuters) – Boeing Co has signed deals to sell 300 aircraft to three Chinese firms and set up an aircraft plant in China, becoming the first U.S. firm to clinch a business tie-up in the country since Chinese […]

Lockheed to buy Sikorsky for $9 billion; reviews options for IT business

[Buzz_Burner_Fresh_Updates] Lockheed to buy Sikorsky for $9 billion; reviews options for IT business – reuters.com WASHINGTON (Reuters) – Lockheed Martin Corp said Monday it would buy Sikorsky Aircraft, the helicopter unit of United Technologies Corp , for $9 billion, and would review the possible sale or spinoff of $6 billion in other information technology and […]

Aitbus Keeps Close Eye on Sikorsky

[Buzz_Burner_Fresh_Updates] Aitbus Keeps Close Eye on Sikorsky – foxbusiness.com Airbus Helicopters is keeping an eye on United Technologies’ plan to unload helicopter maker Sikorsky Aircraft, President Guillaume Faury said on Tuesday though he wouldn’t commit to making a bid for the business. Continue Reading On foxbusiness.com »  

Honeywell first-quarter revenue falls due to strong dollar + MORE

[Buzz_Burner_Fresh_Updates] GE industrial first-quarter profit rises, revenue falls on stronger dollar – reuters.com (Reuters) – General Electric Co’s quarterly industrial earnings rose 9 percent, helped by cost cuts that expanded profit margins, as the U.S. conglomerate banks on manufacturing of jet engines, turbines and other big-ticket products as it unloads most of its finance business. […]

Stocks Climb as GE Exits Most Lending Operations + MORE

[Buzz_Burner_Fresh_Updates] Stocks Climb as GE Exits Most Lending Operations – foxbusiness.com U.S. equity markets traded in the green Friday after an announcement from GE that it will exit most of its GE Capital business, and as traders kept an eye on a speech from a Federal Reserve official, hoping for a hint on the rate-hike […]

Businesses jockey for space in North Dakota's commercial unmanned aircraft park, first in US

[Buzz_Burner_Fresh_Updates] Businesses jockey for space in North Dakota's commercial unmanned aircraft park, first in US – foxbusiness.com The roar of mammoth Air Force bombers and tanker planes has long been silenced at the Grand Forks Air Force Base, but backers of the nation’s first unmanned aircraft business park say the drones are creating a buzz. […]

New British banking venture OakNorth to launch this summer + MORE

[Buzz_Burner_Fresh_Updates] Polish regulator wants Raiffeisen to float Polish unit and then sell – reuters.com WARSAW, Feb 19 (Reuters) – Poland’s financial watchdog KNF wants Raiffeisen Bank International to first list its Polish arm Raiffeisen Polbank on the Warsaw bourse and only then sell the unit outright, the KNF chief said on Thursday. Continue Reading On […]

Bombardier names former United Technologies executive as CEO

[Buzz_Burner_Fresh_Updates] Bombardier names former United Technologies executive as CEO – reuters.com (Reuters) – Bombardier Inc named a former United Technologies Corp executive as CEO, and reported a quarterly loss due to a $1.4 billion charge related to its decision to suspend its Learjet 85 business aircraft program. Continue Reading On reuters.com »