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EADS changes name to Airbus (1:44) 

July 31 - Europe's EADS confirms plans to reorganize in three divisions and change its name to Airbus, adopting the look and feel of its arch-rival Boeing in a bid to become more competitive. Joel Flynn looks at the reasons behind the change and whether it will make a difference to any future plans for deals like the failed tie-up with BAE Systems. ( Transcript )

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