Word: airbused
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This dramatic recovery comes against the backdrop of some very real international attainments. France is the world's fifth biggest economy; the No. 4 exporter; and a world leader in transportation (the TGV bullet train), aerospace (Airbus and the Ariane rocket, produced in France with European partners), telecommunications (mobile phones and wireless technology) and civil engineering (the dazzling new Normandy Bridge and the Franco-British Channel Tunnel). With assets like these, the country is well placed to benefit from the cyclical upturn lifting all European economies. Meanwhile, aggressive French firms are making their mark abroad. Vivendi last month announced...
...Italian man in the street, as long as they're buying their goods from each other. But Duisenberg's in charge not only of Europe's economy but also of that fragile European pride, and he's biting his nails at the suggestion that in the monetary equivalent of Airbus vs. Boeing, the euro can't seem to stay aloft. Perhaps it's some comfort to know that the Fed chairman across the pond is moving as fast...
...welcome mat for hundreds of executives from Britain, France, Italy, Russia, China and Canada. Lured by the country's nearly $12 billion in annual oil revenue, they've flocked to Tripoli's few good hotels looking for deals--big ones. One of many companies on the ground is Airbus, the European aircraft consortium, which is primed to sell 24 passenger jets worth at least $1.5 billion to Libya's national carrier. That kind of uncontested sale does not sit well in Seattle, where Boeing is based...
...came to an end Friday when members of the Society of Professional Engineering Employees in Aerospace reached a tentative agreement with aerospace giant Boeing over wages and benefits. The settlement, described by analysts as "generous" to the union, highlights both increasing competition for Boeing from the European aircraft consortium, Airbus, and a general corporate love affair with stock prices that appears to have pushed the issue of corporate costs into the background...
...than a nudge from Wall Street to force a deal. The crunch came earlier this week when analysts lowered their earnings forecasts for the firm, sending the stock to a 52-week low. A few years ago such a strike might not have inspired an adjusted forecast, but since Airbus has cut into Boeing's share of global manufacturing by about 25 percent in recent years - wooing away such loyal Boeing customers as El Al and British Airways - Wall Street analysts took the customer complaints seriously...