President Barack Obama said Federal Reserve Chairman Ben S. Bernanke has stayed in his post “longer than he wanted,” one of the clearest signals the central bank chief will leave when his current term expires next year.
American International Group Inc. fell in New York trading as Sanford C. Bernstein & Co. cut its earnings projections on the prospect that delays in the sale of a plane-leasing unit extend the wait to resume share buybacks.
Steven Udvar-Hazy, the self- proclaimed godfather of aircraft leasing, said Boeing Co.’s stretched Dreamliner has better fuel economy over Airbus SAS’s A350-900, making the new 787 attractive to airlines.
Airbus SAS, Boeing Co. and Embraer SA won $19 billion in orders from lessors on the first day of the Paris Air Show, gaining support for some of the newest and largest planes from buyers spanning the global airline industry.
American International Group Inc. said it is open to new offers for its plane-leasing business and may pursue a public offering of the unit after a group of Chinese investors missed another deadline to buy the operation.
Liberty Mutual Holding Co., the third-largest seller of property-casualty coverage in the U.S., hired Colin Dowling to lead its public affairs office in Washington as policy makers weigh capital standards and laws on terrorism protection.
Embraer SA won orders for 100 upgraded regional jets from SkyWest Inc. and 50 from American International Group Inc.’s leasing unit, a boost for the planemaker’s strategy of refreshing its lineup instead of building an all-new aircraft.