Boeing takes USAF to task on deal

Boeing Co said it would formally challenge a decision by the US Air Force to award a $35 billion aerial tanker program to a team led by Northrop Grumman Corp and Europe's EADS.

EADS does worse than expected

European aerospace group EADS reported a wider than expected net loss of 446 million euros, but said it had turned the corner on the industrial problems recently gripping the company.

Special supplement: Chengdu looks to bridge urban-rural growth gap

Home to the giant panda and birthplace of Taoism, Chengdu is also a bustling city now trying to strike a balance between urban and rural development.

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Business International

Zell's F-words prove too much for Tribune staff

Billionaire Sam Zell is traveling the United States using pep talks laced with profanity to exhort Tribune Co's 19,000 employees to be more creative or risk seeing their jobs disappear.

EADS 'eyes stateside acquisition'

EADS wants to identify up to two acquisitions in the United States this year, according to an internal memo obtained by Reuters as the European aerospace group battles opposition in Congress to a US Air Force deal.

Rain poses threat to Oz sugar crop

Torrential rain over the past month could pose a threat to Australia's sugar crop for 2008/09, but the industry was still expecting production to increase from previous seasons, the Canegrowers group said yesterday.

US fund trims its Sapporo ambitions

US fund Steel Partners said yesterday it now wants only one-third stake in Japan's third-biggest beer maker Sapporo Holdings, ending its push for a majority, and was willing to pay 6 percent more to get it.

Biz people

'Takeover bid makes no sense'

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Business International