Plus   Neg

EADS Moots Name Change To Airbus: Reports

European Aeronautic Defence and Space Co. or EADS NV (EADSF.PK,EADSY.PK) is considering to change its name to that of its better-known unit Airbus, reports said Wednesday. A decision may be taken before the presentation of the company's earnings on July 31.

EADS' executive committee is holding a meeting today. The company's board is scheduled to meet next week.

Airbus, maker of commercial and military aircraft, is better known internationally than its parent company. The unit generated about two-thirds of EADS' earnings and revenue in 2012.

EADS got its current name when French, German and Spanish companies brought together their aerospace assets in 2000.

Tom Enders, chief executive officer of EADS, is said to have established a working group to study the legal and technical aspects of the name change.

The stock rose 0.3 percent in Paris on Wednesday to close at 41.70 euros.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Galaxy Entertainment Group (WYNN) Friday announced that it has agreed to purchase 5.3 million primary shares of Wynn Resorts Ltd. at a price of $175 a share, resulting in $927.50 million of gross proceeds to Wynn Resorts. The two sale, combined with a previous sale effectively eliminate ownership of founder and former CEO Steve Wynn in Wynn Resorts. Starbucks wants to be more efficient but it is risking the fragile loyalty of its most devoted customers. The ubiquitous chain plans a major push to get coffee lovers to use its mobile app to place their orders, but regulars prefer to buy their lattes by waiting in the queue. According to reports,... Taco Bell, the Mexican fast-food chain owned by Yum Brands Inc. (YUM), Thursday said it will start selling tortilla chips in grocery and convenience stores starting May. The chips will be available in Fire and Mild sauce packet flavors and also in a Classic flavor. "This launch of our first line...
comments powered by Disqus
Follow RTT