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Boeing to strike $4 billion deal with Russian firm

  Washington / Bloomberg Boeing Co. is nearing a $4 billion deal with Russia’s largest air-freight company that would help extend the life of the iconic, hump-nosed 747 jumbo jet amid waning demand for four-engine aircraft, people close to the transaction said. The US planemaker is in advanced talks with AirBridgeCargo Airlines and its Moscow-based parent, Volga-Dnepr Group, to convert ...

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Solar Impulse 2 begins Atlantic crossing

  New York / AFP The sun-powered Solar Impulse 2 aircraft set off from New York’s JFK airport early on Monday, embarking on the transatlantic leg of its record-breaking flight around the world to promote renewable energy. The flight, piloted by Swiss adventurer Bertrand Piccard, is expected to take about 90 hours — during which Piccard will only take short naps ...

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LG ponders home appliance deals to speed up global expansion

  Tokyo/ Bloomberg LG Electronics Inc., with businesses spanning TVs to washing machines, is looking at home appliance acquisitions to fuel its global expansion and withstand a slowing smartphone market. The company will probably focus on business-to-business targets, such as component makers, Jo Seong-Jin, president of LG’s home appliance division, said in an interview. Earnings from the business will increase ...

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