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Airbus takes control of Bombardier CSeries in rebuff to U.S. threat

MONTREAL/PARIS Airbus SE has agreed to buy a majority stake in Bombardier Inc's CSeries jetliner program, giving a powerful boost to the Canadian plane and train maker in its costly trade dispute with Boeing Co.

Recent Business News

Habitual cheat: Kobe Steel faked product data for more than 10 years - source

TOKYO When cheating becomes habitual, the consequences could be costly.

3:41am EDT

China factories grapple with soaring prices as pollution crackdown bites

GUANGZHOU, China Chinese exporters at the country's biggest trade fair are more optimistic about global demand now than six months ago but Beijing's crackdown on pollution is ramping up costs and product prices, hurting smaller factories and foreign buyers.

5:19am EDT

U.S. exchanges set for highest number of Asian IPOs since 2010

HONG KONG U.S. exchanges are set to record their busiest year for IPOs from Asian firms since 2010 and may sustain the pace in 2018, as startups from Taiwan, Singapore, Indonesia and Vietnam join a flurry of Chinese firms that have already listed in the country.

Deals, Indonesia 5:42am EDT

Malaysia CEO to return to Ryanair to help fix pilot problems

DUBLIN Malaysia Airlines' chief executive Peter Bellew is to leave after just over a year in charge and rejoin former employer Ryanair as chief operations officer, the Irish airline said in a statement.

5:53am EDT

Netflix adds more subscribers than expected, shares hit record

Netflix Inc added more subscribers than expected around the world in the third quarter and projected growth in line with Wall Street forecasts, saying it had a head start on rivals as internet television explodes globally. | Video

Tech, Television Oct 16 2017


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