EADS board backs CEO after BAE deal collapses
PARIS (Reuters) - The board of EADS (EAD.PA) renewed its confidence in Chief Executive Tom Enders a day after the collapse of merger talks with BAE Systems (BAES.L) and encouraged him to continue his leadership of the company, an EADS spokesman said.
"The board expressed strong support for Tom Enders and his team and encouraged him to continue on his track," the spokesman said on Thursday.
Talks to create a $45 billion aerospace and defense company with BAE broke down on Wednesday amid political disagreements over the deal.
- U.S. small businesses boosted borrowing in October to its highest level in over six years, an index showed on Tuesday, fresh evidence that the budget battle that shut the federal government for 16 days did little to derail underlying economic growth.
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.