Thales shelves plans for Safran (Www.defenceage.com) merger
Monday, January 14th, 2008
MSN MoneyCentral - Safran derives a large part of its revenues from the sale of Snecma aero-engines denominated in dollars. He also said that, for Safran managers, a productivity plan necessitated by the dollar’s slide and disposals were a high priority. Thales had
Source: news.moneycentral.msn.com
German Stocks Advance; BMW, Commerzbank, Allianz Lead the Gains
Bloomberg - MTU Aero Engines Holding AG (MTX GY) fell 64 cents, or 1.4 percent, to 43.67 euros. The jet-engine maker failed in its 1 billion-euro bid ($1.4 billion) for rival Volvo Aero after the parent company Volvo AB decided against a sale, Financial Times
Source: www.bloomberg.com
Rolls-Royce says to cut 2,300 jobs
Times of Oman - Rolls-Royce is best known for aero engines, and booming demand for commercial airlines last year left it with a record order book. But it also has sizeable business making gas turbines for ships and power generation markets, and in 2006 got half its
Source: www.timesofoman.com