The interception in Colombia of a plane carrying almost half a metric ton of coca paste bound for Mexico is a sign Mexican drug cartels are switching from importers to manufacturers, according to Colombian police.
Air France-KLM Group is introducing business-class seats that each cost 50,000 euros ($68,000) to make and turn into fully-flat beds, more than a decade after competitors including British Airways pioneered the experience.
Textron Inc., the manufacturer of Cessna aircraft, will boost its lineup of propeller-driven aircraft after reaching a deal to buy Beechcraft Corp. for $1.4 billion, as it seeks to counter a slump in business-jet sales.
Textron Inc., the manufacturer of Cessna aircraft and Bell helicopters, rose the most in almost two years after the Financial Times reported that the company was near a $1.4 billion purchase of planemaker Beechcraft Corp.
Ten-year Treasury yields reached the highest level in more than two years on speculation the Federal Reserve will keep reducing stimulus as the economy recovers. The euro rallied and oil topped $100 a barrel for the first time since October, while U.S. stocks were little changed.