Airbus, GE dispute could delay A350 plane: paper

(Reuters) - The reported dispute comes as Boeing unveiled its new lightweight, carbon composite 787 Dreamliner aircraft on Sunday. The mid-sized long-range aircraft has already attracted more than $100 billion in orders and would compete with the yet to be built A350 XWB , which has GE's UK rival Rolls-Royce as the only current engine supplier.




GE officials told the WSJ they will not build a new engine that competes with the one they supply for the 777 but the company has offered Airbus a version of the new GEnx engine which it is creating for the Dreamliner.


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FTSE 100 Advances, Paced by Tate & Lyle, British Energy and Xstrata

(Bloomberg) -- U.K. stocks advanced, paced by Tate &
Lyle Plc, British Energy Group Plc and Xstrata Plc.

The benchmark FTSE 100 Index rallied 21.8, or 0.3 percent,
to 6711.9 in London at 8:06 a.m. The FTSE All-Share Index added
9.88, or 0.3 percent, to 3464.01. Ireland's ISEQ Index rose 9.87
to 9461.03.


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Singapore Air may sell Virgin Atlantic stake-paper

(Reuters) - Singapore Airlines and Virgin Atlantic could not
immiediately be reached for comment.




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Pennsylvania shuts services amid budget impasse

(Reuters) - Rendell said the two sides were close to agreement on "three or four" items but not close enough to allow him to call off a planned furlough of non-essential employees. He expressed optimism the remaining obstacles would be overcome within 24 hours.




"I sincerely hope that this will be a one-day furlough, and I have reason for optimism," Rendell said at a late-night Sunday news conference.


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Sony cuts price on PlayStation 3 by $100

(Reuters) - The PlayStation 3, which includes a 60-gigabyte hard drive and a Blu-ray high-definition DVD player, will now cost $500, or $20 more than the most expensive version of Microsoft Corp.'s Xbox 360.




The PS3 still costs twice that of Nintendo Co. Ltd.'s Wii console, whose $250 price and motion-sensing controller have made it a best-seller despite its lack of cutting-edge graphics and hard disk.


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Air Berlin, DaimlerChrysler, Munich Re, TUI, Volkswagen: German Preview

(Bloomberg) -- The following stocks may rise or fall
in German markets. Stock symbols are in parentheses after the
company names and prices are from the Xetra close on July 6
unless otherwise stated.

Germany's X-DAX Index rose 0.7 percent to 8108. The index
provides an estimate of the DAX Index, based on trading in DAX
futures after the Xetra electronic market closes. The DAX climbed
0.8 percent to 8048.32 on the Xetra electronic-trading system.


Read more at Bloomberg Stocks News

Dow Jones to meet with Ron Burkle: source

(Reuters) - Burkle has been exploring a structure for Dow Jones that would incorporate an employee stock ownership plan, sources previously told Reuters.




Dow Jones is making a last push to try to find other potential buyers, in part, to appease Leslie Hill, a Dow Jones director and a member of the Bancroft family, according to an online report by The Wall Street Journal. The Bancroft family controls 64 percent of the company's votes.


Read more at Reuters.com Business News