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China forms company to make regional and jumbo jets

BEIJING (Reuters) - China established a company on Sunday to build regional commercial jets, with an eye to eventually reducing the country’s reliance on Boeing and Airbus for jumbo jets, official media said on Sunday.

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China forms company to make regional and jumbo jets

News Corp drops bid for Newsday

NEW YORK (Reuters) - Rupert Murdoch’s News Corp on Saturday dropped its $580 million (298 million pounds) for Tribune Co’s Newsday newspaper, just days after Murdoch said a deal was imminent, leaving cable television operator Cablevision as the likely winner of the Long Island daily.

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News Corp drops bid for Newsday

Scottish refinery fire extinguished

LONDON (Reuters) - Scotland’s Grangemouth refinery, which closed due to a two-day strike last month, was forced to delay its return to full production …

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Scottish refinery fire extinguished

News Corp pulls bid for Newsday

NEW YORK (Reuters) - Rupert Murdoch’s News Corp is withdrawing its $580 million (298 million pounds) bid for Tribune Co’s Newsday newspaper, a spokesman for the company said …

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News Corp pulls bid for Newsday

Shell pulls out of Iran gas deal

LONDON (Reuters) - Oil major Royal Dutch Shell has pulled out of a planned gas project in Iran, after coming under pressure not to participate from U.S. lawmakers who were concerned about Iran’s nuclear programme.

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Shell pulls out of Iran gas deal

Berkeley reported ready to buy cheap building land

LONDON (Reuters) - Property developer Berkeley Group is ready to buy land from distressed sellers as it builds up a 1 billion pound venture with a Saudi billionaire, the Times newspaper reported on Saturday.

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Berkeley reported ready to buy cheap building land

Italy seeks domestic investors for Alitalia

ROME (Reuters) - The Italian government is seeking a “domestic solution” involving private investors for ailing airline Alitalia, the country’s new economy minister said on Saturday.

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Italy seeks domestic investors for Alitalia