NEW YORK / Bloomberg A provision of the 2010 Dodd-Frank law that takes effect in December forces banks to keep a stake in the commercial-property loans they package into securities and sell off to investors. The rule is intended to deter the type of risky lending that helped fuel the last decade’s boom and bust. Under the current business model, ...

Singapore / AFP Airbus and Boeing announced billion-dollar deals at Asia’s largest airshow in Singapore on Wednesday, underscoring the region’s role as a driver of industry growth despite greater caution among plane buyers. Europe’s Airbus said it had won an $1.85 billion deal for the purchase of six A350-900s by Philippine Airlines (PAL), the flag carrier of one of Asia’s ...

Washington / Bloomberg Bombardier Inc. said it planned to cut about 7,000 jobs as it reported fourth-quarter profit that fell short of analysts’ estimates. It also signed a letter of intent for Air Canada to buy at least 45 of the planemaker’s C Series jets. The job cuts, from a workforce of about 64,000, will occur during the next two ...