NEW YORK - With the broad S&P 500 Index gliding once again into uncharted territory and posting four straight weeks of gains, the talk of Wall Street's rally inevitably hitting a ceiling is starting to get old.
LONDON - From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
AMR talking with Boeing, Airbus for 250 planes: report
(Reuters) - AMR Corp's AMR.N American Airlines is negotiating with aircraft makers Airbus (EAD.PA) and Boeing Co (BA.N) to replace its entire domestic fleet by purchasing at least 250 airplanes in a deal valued at about $15 billion, the Wall Street Journal reported.
American, which currently operates an all Boeing fleet, is interested in Airbus' narrow-body family of A320 airplanes as well as a new-engine A320 variant that will go into production in 2015, the Journal reported citing people familiar with the matter.
American, which is also evaluating Boeing's 737 family of airplanes, hopes to resolve the terms of the order this summer, the paper reported.
American Airlines and Boeing could not be immediately reached for comment.
Airbus, which is a unit of European Aeronautic Defense and Space Co also could not be immediately reached for comment.
(Reporting by Abhishek Takle in Bangalore; Editing by Gary Hill)
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