Airbus Deliveries Help Boost EADS Profit

A surge in Airbus passenger jet deliveries helped European Aeronautic Defence & Space to post a 47 percent rise in second-quarter net profit from the comparable quarter a year earlier, to $585 million.

Revenue increased 6 percent, to $10.8 billion. Airbus delivered 102 planes in the quarter, eight more than a year earlier.

Honda Profit Slips Despite Sales Increase

Honda said first-quarter profit fell 3 percent, to $983 million, as losses on its financial assets chipped away at income. Revenue rose 9 percent, to $20 billion, as auto sales boomed. Sales in North America grew 7 percent, to 420,000 vehicles.


E.U. Clears Opening of France Telecom Lines

The European Union cleared French plans forcing France Telecom, the former French telephone monopoly, to give rivals wholesale access to its high-speed Internet network for at least a year.

French telecom regulator ARCEP wants to make sure other broadband providers can use the existing network and sell Internet services to retail customers.

Netherlands Told to Drop Curbs on Workers

European Union regulators ordered the Netherlands to scrap curbs on workers from new E.U. nations, seeking to pry open the services market by allowing cheap labor from countries such as Poland.

The European Commission gave the Dutch government two months to end a requirement that service businesses such as construction based elsewhere in the E.U. obtain a work permit for Eastern European employees sent to the Netherlands on temporary assignment.

Compiled from news service reports.

Porsche said it will produce its first four-door, four-seat sports car. Dubbed the Panamera, the car is expected to be on the market by 2009 and cost Porsche $1.2 billion to develop.