EADS Has Good Quarter
November 14, 2008 by Dagpotter · Comment
Filed under: EADS, Earnings, France, Germany, Military Aviation, Restructuring, commercial aviation, logistics, production program
Filed under: EADS, Earnings, France, Germany, Military Aviation, Restructuring, commercial aviation, logistics, production program
EADS announced that in the third quarter it was able to make a profit compared to the large losses last year. The Wall Street Journal has the story. Despite ongoing issues with two of its key programs - the A400 military transport and the A380 airliner - the company made about $800 M. The company found that its restructuring cost less then expected and cost reductions in the construction of its commercial aircraft also helped. Read more
Australia Plans to Privatise Electricity Production
The Australian Government still owns three electrical power generators; as well as three electricity retail companies. Now the The Australian is saying that the government plans to sell these companies to private bidders. This had been proposed previously by the government but the terms were considered so bad that the Minister in charge, Mr. Iemma, was forced to resign. Now his successor, Mr. Rees, is trying to follow through with the idea. Read more
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