Airbus seeks new talks with European nations over A400M costs
The German government, the main customer for Airbus' military aircraft, for its part urged the firm to live up to its contractual obligations and deliver the promised A400M jets.
Airbus Group's profit more than halved in 2016 as the aerospace company booked a €2.2 billion charge for its troubled A400M military transport aircraft. "We must stop the bleeding and de-risk the program", said chief executive officer Tom Enders during the company's annual results media briefing today.
Airbus won a 3.5 billion euro bailout from seven European NATO nations in 2010 after being saddled with liability for wild cost overruns on its engines. The company - now in mid-restructuring as it reorganises itself from "Airbus Group" to "Airbus" - says it achieved its overall performance targets but had to take a further charge of €2.2bn on the A400M programme, on top of the €841m booked over the two preceding years. Enders blamed the plane's problems on misguided decisions made at the birth of the program in the early 2000s and exacerbated by problems with engine suppliers and delivery delays that led to big financial penalties.
The comments came as Airbus wrote to the core buyers - Belgium, Britain, France, Germany, Luxembourg, Spain and Turkey - formally requesting discussions over the contract revisions.
Airbus announced late a year ago it was cutting more than 1,100 jobs in France and Germany and closing a research facility near Paris as part of a cost-cutting drive.
"It is likely to be important for Airbus to reassure investors that the company is close to the end for this stream of significant charges", said Raymond James analyst Harry Breach in a note to investors.
The costly A400M problems overshadowed stronger than expected full-year net earnings of 995 million euros boosted by record deliveries of commercial airliners though there was a drop in orders. But bottlenecks in the A350 supply chain had improved and its output targets remained on track.
It foresees a rise in deliveries in 2017 to more than 700 planes, up from 688 a year ago.
The real challenge is sorting through the varying punctuation of "presidents"-it's enough to make any copy editor dizzy". Financial markets are closed in the U.S.as the New York Stock Exchange and Nasdaq will observe the President's holiday.
His slow crawl into the VC world can be traced back in 2011, when Roc Nation invested in Stance , a "premium sock company". He's also invested in JetSmarter and Uber, according to Crunchbase , which collects VC investment data.
An important factor to consider when evaluating a stock's current and future value are the 52 week price high and low levels. The next year's growth is calculated to be 16.1 percent. (NASDAQ:PLKI)'s stock to Hold with no specific Price Target.
But California's Department of Water Resource (DWR) said the flow of water has since slowed and that the situation has stabilized. But residents have since returned home, and officials are feeling comfortable about the situation despite the forecast rain.
The BoE this month signalled that it is in no hurry to raise interest rates with so much Brexit-related uncertainty ahead. The ONS also pointed out that there was a drop in business investment, which fell by one percent in the last quarter.
A fifth North Korean man is already in custody as are an Indonesian woman, a Malaysian man and a woman with a Vietnamese passport. Kim Jong Nam, 46, was the eldest son of the late North Korean leader Kim Jong Il, the father of current leader Kim Jong Un, 33.
In the FB video, Vishnu is then seen demanding to know what law he broke by sitting with his arm around the shoulders of a woman. The constables, she said, asked whether they were married or not. "We were asked whether we are going to marry or not".
A SENIOR minister last night warned MPs that they threatened national security by trying to block Donald Trump's state visit. Trump might get his parade with Queen Elizabeth and his state banquet in Buckingham Palace someday while in office .
According to Reuters , Facebook are interested in broadcasting games in a bid to gain a foothold in the expanding market. Univision Communications Inc. partnered with Facebook before in order to live stream Mexican soccer games in English.
Thailand wins for worst traffic in world
Traffic in other global cities can be "more severe" for shorter periods, "but people in L.A. tend to sit in it longer", he says. The capital is the second most congested city in Europe after Moscow, and is the seventh most gridlocked city on the planet.
Le Pen aide charged in European Parliament jobs probe
While Macron was is London, Le Pen was in Lebanon for a two-day visit, also in an operation to demonstrate her worldwide clout. Her two main rivals, Emmanuel Macron and François Fillon, have 20 percent and 17 percent of the popular vote, respectively.
Residents evacuate after levee breach in California
In the San Joaquin Valley, residents were patrolling levees for signs of danger, reviewing evacuation plans and filling sandbags. After the flash flood warnings were issued, evacuation process also picked up pace on Monday.
Apple seeds watchOS 3.2 beta 3 to developers
Now, according to the latest data from the Apple Developer site , iOS 10 is in use on 79% of active iOS devices. It is also aiming to test macOS 10.12.4 for Mac and tvOS 10.2 for Apple TV.
Court to rule on ICC withdrawal
At a minimum, the ruling will delay South Africa's withdrawal from the ICC, which had been scheduled to take effect in October. Mojapelo added that government decisions must be based on "the expressed authority of the constitution".
South African court rules against ICC withdrawal
Al-Bashir was allowed to leave South Africa even though a local court ordered authorities to arrest him. South Africa said it was quitting the ICC because membership conflicted with diplomatic immunity laws.
New York Giants: Victor Cruz Visits With The Carolina Panthers
Gettleman was in the Giants' front office when Cruz was signed as an undrafted free agent out of the University of MA in 2010. While it's sad for fans to see one of their favorite players go, it's an understandable move from the Giants perspective.
Officer killed, another wounded in Southern California
Video from KTLA showed windows on a Whitter Police Department SUV shattered, and debris scattered across the road. Three people, including two police officers, were shot Monday in Whittier, according to multiple news reports .