China Orders 150 Airbus Planes
China ordered 150 Airbus A320 single-aisle airliners, more than twice as many plane orders as the company's U.S.-based rival Boeing received from China last month.
The European aircraft maker said the deal was worth nearly $10 billion and was "the largest single order that Airbus has ever received since it entered the Chinese market two decades ago." The planes will go to Air China, China Eastern Airlines, China Southern Airlines, Sichuan Airlines, Shenzhen Airlines and Hainan Airlines.
PetroChina Fires Three Executives Over Spill
PetroChina, China's biggest oil company, fired three executives at a northeastern unit after an accident that poisoned the drinking water of Harbin city. The three dismissed managers are also being investigated by a team appointed by the State Council, according to Oil News, an online newspaper backed by PetroChina.
MERGERS & ACQUISITIONS
SABMiller Buys More of Colombian Brewer
SABMiller paid $1.22 billion to buy 25 percent of Bavaria from minority shareholders, increasing its stake in the Colombian beverage producer to 97 percent. The London-based parent of Miller Brewing Co. paid $3.5 billion in stock in July to Colombia's Santo Domingo family for its 71.8 percent stake in Bavaria.
Compiled from staff and news service reports.