Get with the program and focus on the technology for a change instead of 'Blain' this "Blain" that. The A320 unit is a UTX geared turbofan engine of the same family as that used on the CSeries. No spoof.
@The Pratt & Whitney PW1000G is a high-bypass geared turbofan engine family, currently selected as the exclusive engine for the Bombardier CSeries, Mitsubishi Regional Jet (MRJ), Embraer's second generation E-Jets, and as an option on the Irkut MC-21 and Airbus A320neo. The project was previously known as the Geared Turbofan (GTF), and originally the Advanced Technology Fan Integrator (ATFI).
UTX better deliver a reliable engine. Another major failure would irreparably damage BBD-B.TO chances of success with the CSeries. I wonder what BBD's contract conditions are if UTX fails to deliver the goods?
@Airbus Group SE said an engine on one of its revamped A320neo jets was found to have suffered damage following flight trials in hot-weather conditions, the latest setback for the Pratt & Whitney-manufactured turbine.
The issue was discovered in one of the test aircraft’s two power-plants, Airbus said Wednesday in an e-mailed statement that didn’t specify the source of the trouble. ng turbine is being offered by the CFM International venture of General Electric Co. and France’s Safran SA. Airbus’s disclosure of “findings in the engine” added to two previous turbine-related disruptions in the development of the A320neo and Bombardier Inc.’s CSeries. Pratt’s geared turbofan engine is the company’s newest offering, and is designed to help improve fuel efficiency.
BUD is brewing up a takeover of SAB.L. Yesterday news that BF-B is looking to offload its Southern Comfort liquor brands. Now today news that DEO wants to divest its wine brands.
@LONDON (Alliance News) - Drinks giant Diageo PLC is holding detailed talks about the sale of its wine brands, Sky News reported. The company is understood to have accelerated plans in recent weeks to offload its wine brands, including Blossom Hill, and the suitor thought to be involved in the talks is Australia'sTreasury Wine Estates.Sources told Sky a deal for the wine business could be done during October, though they cautioned no agreement has yet been signed and the deal could still fall through.
Maybe you should ask Investec. They're the ones who hit the market panic button yesterday. Amazing how some marginal player can set off the herd if they get the ear of mass media.
@Mining firm Glencore has said it is "operationally and financially robust" after questions were raised about its financial future. On Monday its shares dived 30% after a note from analysts at Investec said its equity value could be "eliminated". Investec's Laura Lambie told the BBC Glencore faced "severe problems" if it did not cut its debt and commodity prices do not recover.
I am tempted to add more SHPG at this level. But will wait in case the other shoe drops. There should be some news quite soon on whether patent challenges by Bass back in April will be allowed to proceed.
@Kyle Bass is expanding his campaign against pharmaceutical companies.
Shire Plc is the newest target of the hedge fund manager’s strategy to challenge drug patents, according to filings Wednesday with the U.S. Patent and Trademark Office. Bass is challenging patents on Lialda and Gattex, according to the filings, which together would have made up 12 percent of Shire’s revenue in 2014.
@The type of government review triggered by Bass’s petitions takes about six months and there’s no guarantee the Patent Trial and Appeal Board will agree to institute any of the cases. If it does, it will make final decisions within 12 months.
Use of proceeds from the sale will improve the bottom line nicely. Still, I was a bit surprised that BTI did not buy the American Spirit brand ex-USA marketing rights.
@The agreement gives Japan Tobacco rights to a brand that has won a following among younger smokers. But the purchase comes at a hefty price of nearly 300 times the pretax profit of the Natural American brand in non-U.S. markets in 2014. Reynolds, the maker of Camel cigarettes, is expected to receive an estimated $3.5 billion after taxes from the deal, according to RBC Capital Markets. RBC analyst Nik Modi said the sale allows the company to pay down its Lorillard debt “more quickly than…investors expected,” reducing annual interest expenses by $150 million and increasing earnings by 7 cents per share in 2017. Ms. Cameron said it was better for Reynolds American to sell the brand’s non-U.S. rights to a company such as Japan Tobacco with an established global sales infrastructure rather than trying to build such infrastructure itself.
BTI continues to hold a large equity stake in RAI so they obviously value in the firm. Japan Tobacco already owns ex-USA rights to Camel (and Winston). I believe Newport is only sold in the USA so that brand could be expanded internationally (or a license sold as was just done for Natural American).
Evidently, JTI want to focus on selling US-brands outside USA, while BTI wants exposure to US brands in their home market. Very different strategies.
No YOU are wrong. The product you are referring to is Natpara. NPSP already had a drug named Gattex on the market.
Well that was quick... and is is ex-USA as I suspected, so RAI continues to grow and profit from the American Spirit brand in USA. Sweet.
@Reuters) - Japan Tobacco Inc has agreed to pay 600 billion yen ($5 billion) in cash for Reynolds American Inc's Natural American Spirit tobacco business outside the United States, the two companies said in separate statements on Tuesday. The deal, to be concluded by early 2016 pending regulatory approval, includes related trademarks and subsidiaries primarily in Japan and Europe, where operations will continue unchanged, Japan Tobacco said. Koizumi's counterpart at Reynolds American, Susan M. Cameron, said Natural American Spirit would benefit from a sale to a global company such as Japan Tobacco, rather than Reynolds American investing to support the brand internationally. Cameron also said the sale will allow Reynolds American to focus on the United States, as all international rights to its cigarette trademarks will be owned by international tobacco companies. Its Camel and Winston brands are also owned abroad by Japan Tobacco.
This is some serious downsizing! It could work in MTL's favour though.
@On Friday, in a move that would make even Hewlett-Packard's Meg Whitman blush, Harbin-based Heilongjiang Longmay Mining Holding Group, or Longmay Group, the biggest met coal miner in northeast China which has been struggling to reduce massive losses in recent months as a result of the commodity collapse, just confirmed China's "hard-landing" has arrived when it announced on its website it would cut 100,000 jobs or 40% of its entire 240,000-strong labor force Impacted by the slump in coal prices, the group saw its loss over January-August surged more than 1.1 billion yuan ($17.2 million) from the year before. In the first half of 2015, the group closed eight coking coal mines most of which had approached the end of their mining lives, due to poor production margins amid bleak sales. Chaiman of the group Wang Zhikui said the job losses were a way of helping the company "stop bleeding." The heavily-indebted company also plans to sell its non-coal related businesses to help pay off its debts, said Wang. The State-owned mining group has subsidiaries in Jixi, Hegang, Shuangyashan and Qitaihe in Heilongjiang province, which account for about half the region's coal production.
Yup... RAI is green in a sea of red. Very impressive indeed Even mighty MO finished red despite that Inbev-SABMiller deal still brewing
Too much money? SHPG could buy both SGYP and IRWD... it's pocket change to them. But as I told the OP, as long as they are talking with BXLT there will be no other target in their sights.
Short basher? I have no position in SGYP, .and went long IRWD only recently.
I've been long SHPG for well over a decade, and have observed that their acquisitions generally target companies that already have approved products that are generating revenues, not just pipeline drugs.
SHPG is busy working on a buyout of BXLT. And if they did want to acquire a target in this space, IRWD has a product already in the market which makes it more attractive than SGYP.
smokathons in the freakin college cafeteria, smoking butts in class too at the teacher's discretion haaha