DaimlerChrysler said Friday it sold a third of its stake in
European Aeronautic Defense and Space Co. (EADS), the parent
company of planemaker Airbus, to a private investment group in a
deal that will maintain the balance between German and French
shareholders in a $1.95 billion deal.
Pulled Over By Police Hours After Delta Bid Rejected
The past couple of weeks haven't been great ones for US Airways
CEO Doug Parker. Only hours after US Airways lost its $9.8 billion
bid to acquire Delta last month, the news of his arrest on
suspicion of drunken driving went public and has been the subject
of newspaper reports worldwide.
Aircraft and aircraft parts manufacturer Spirit AeroSystems
posted a fourth-quarter loss Thursday, as costs of its November
initial public offering hurt results. The news comes as the company
also reports impressive growth in sales.
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