Almost 400 General Electric Co. aircraft engines must be inspected more frequently for cracks to prevent failures, federal aviation regulators told U.S. airlines following “urgent” recommendations by a safety board.
Safran SA , Europe’s second-largest maker of aircraft engines, said profit rose 29 percent last year as it benefited from growth in defense. The company forecast its operating margin would top 10 percent by 2012.
Rolls-Royce Holdings Group Plc said it’s in talks to sell power-generation assets to Siemens AG, adding to a flurry of possible cross-border deals as some of Europe’s largest engineering companies reshape their portfolios.
Russia’s military intervention in Ukraine threatens to derail energy exploration in a region that holds a quarter of the world’s natural gas reserves, weigh on currencies and force companies to work to contain the damage.