Bloomberg Boeing Co. profit rose as the 787 Dreamliner emerged from a decade of losses and helped the planemaker weather a turbulent market for wide-body jetliners. Adjusted earnings were $2.47 a share, despite an accounting loss for an aerial tanker program, the company said on Wednesday in a statement. That exceeded the $2.32 average of analyst estimates compiled by …

  Bloomberg Standard & Poor’s (S&P) downgraded Rolls-Royce Holdings Plc’s credit rating to three levels above junk after factoring in 670 million pounds ($836 million) in fines for bribery and corruption charges. The aircraft engine-maker’s long-term investment rating has been downgraded to BBB+ from A-, S&P said in a statement, cautioning that a new mandatory accounting system could weigh on …

  Bloomberg The European Union will propose extending an exemption on foreign flights from its carbon market until 2020 after nations worldwide reached a historic deal last year to introduce a global system to curb the growth of emissions from airlines. The European Commission, the EU’s regulatory arm, will probably present a draft law on Feb. 3 sparing carriers, ranging …