Airbus Retakes Lead in New Plane Orders
Airbus, the world's largest aircraft maker, won an order for 100 single-aisle A320 planes valued at $6 billion from IndiGo, a new Indian carrier, and regained the lead in new business this year from Boeing.
Airbus has 451 aircraft orders this year, including 105 for the planned A350 airliner that will challenge Boeing's new twin-aisle 787. Boeing has 401 orders. The combined total is 32 percent more than the companies reported all last year.
Royal Ahold Considered Breakup
Royal Ahold, a global operator of supermarket chains, considered breaking itself up after finding three years of fraudulently inflated earnings, finance chief Hannu Ryopponen said.
The company, which owns the Giant grocery chain in the United States, opted against a split because its new chief executive, Anders C. Moberg, thought the business could grow only if it was kept together, Ryopponen said. Ahold shares slid 63 percent the day the company revealed the overstatement and have since doubled.
Court Rules Against Wal-Mart Ethics Code
A labor court ruled that parts of Wal-Mart's ethics code violate German law, a court spokesman said. Wal-Mart's German unit declined to comment. A spokesman for the labor court said the tribunal ruled against the ban on relationships between employees and against a proposed hotline for employees to report on colleagues' violations of the code.
Labor representatives from Wal-Mart's 91 German stores sued the U.S. retail giant over the code after it was introduced without their approval in March. Under German law, employee-management councils must sign off on workplace conditions.
Compiled from staff and news service reports.