Breaking News
FONT-SIZE Plus   Neg
Share SHARE

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.

Click here to receive FREE breaking news email alerts for Airbus Group N.V and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Stocks moved notably higher over the course of the trading day on Tuesday after recovering from an initial move to the downside. With the strong upward move on the day, the Dow reached a new record intraday high before giving back some ground. President Barack Obama is scheduled to travel to the headquarters of the Centers for Disease Control and Prevention in Atlanta, Georgia, on Tuesday to outline steps the U.S. will take to help combat the Ebola outbreak in West Africa. Senate Republicans once again voted Monday to block a Democratic bill aimed at narrowing the national gender wage gap. The Senate voted 52 to 40 in favor of limiting debate on the Paycheck Fairness Act, falling well short of the 60 votes required.
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.