Boeing Co. will apply its experience developing the composite-plastic Dreamliner to an upgrade of the larger 777, a project that will give the planemaker a five-year edge over Airbus SAS in twin-aisle jets, Chief Executive Officer Jim McNerney said.
Galaxy Entertainment Group Ltd., the Macau casino operator founded by billionaire Lui Che Woo, plans to spend as much as HK$60 billion ($7.7 billion) to expand operations on the increasingly popular Cotai strip.
Chr. Hansen A/S rose the most in seven weeks in Copenhagen trading after Societe Generale SA said the new chief executive officer of the world’s biggest maker of dairy enzymes will return cash to shareholders.
MetLife Inc., the largest U.S. life insurer, is looking beyond Warren Buffett’s Berkshire Hathaway Inc. as Chief Executive Officer Steven Kandarian seeks ways to limit risk from retirement products known as variable annuities.
Clear Channel Communications Inc., seeking to address more than $10.1 billion of debt due in 2016 before interest rates reverse, is offering to exchange $2.1 billion of notes for debt that matures in 2021.
Vodafone Group Plc plans to retain a a 2.1 billion-pound ($3.19 billion) dividend from U.S. venture Verizon Wireless rather than returning it to shareholders as it reported the first full-year revenue decline since 2005.
Marks & Spencer Group Plc, the U.K.’s largest clothing retailer, said it will spend less on bringing the business up to speed with competitors as it moves beyond recovery and places greater emphasis on rewarding shareholders.