Breaking News
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

EADS Moots Name Change To Airbus: Reports

7/18/2013 12:22 AM ET

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.

Click here to receive FREE breaking news email alerts for European Aeronautic Defence and Space Company EADS NV and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Restaurant operator Yum! Brands Inc. said Tuesday after the markets closed that its first quarter profit rose 18% from last year, helped by strong performance of its China division. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast. After trending higher over the past several sessions, stocks saw some further upside during trading on Tuesday. A positive reaction to the latest corporate news contributed to the continued buying interest, lifting the Dow and the S&P 500 back near their record highs. In a blow to supporters of affirmative action, the Supreme Court on Tuesday upheld a voter-approved ban on using race as a factor in college admissions at Michigan's state-run universities. The court ruled 6 to 2 that the state law banning the use of racial preferences does not violate the U.S. Constitution, although the court was splintered on the reasoning for the decision.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.