UNITED STATES

Dreamliner makes first overseas landing

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Boeing Co's new 787 Dreamliner touched down in Britain on Sunday on its first trip outside the United States, thrilling hordes of eager planespotters who came out to see the breakthrough carbon-composite plane.

Sikorsky sees big orders over next 12-18 months

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Sikorsky Aircraft, a unit of United Technologies Corp , expects a significant first order this week from a Middle Eastern country for the international version of its Black Hawk helicopter.
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Soros says U.S. bank reform good but too early

Billionaire investor George Soros on Friday said the just-passed U.S. financial overhaul bill will impose new regulations on the banking system before the banks have recovered sufficiently to cope with new restrictions on their activities.
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AIG to pay $725 million to settle fraud case

American International Group Inc agreed to pay $725 million to settle a long-running securities fraud lawsuit led by three Ohio public pension funds, in one of the largest class action settlements in U.S. history.
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Soros says financial reform good but too early

Billionaire investor George Soros on Friday said the just-passed U.S. financial reform bill will impose new regulations on the banking system before the banks have recovered sufficiently to cope with new restrictions on their activities.
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Fuel sipped in moderation at Farnborough

Cocktails and kerosene will take a back seat at next week's Farnborough Airshow as arms firms strive to fit in with the growing mood of austerity and Boeing shows off its new fuel-saving 787 Dreamliner.
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Bank of America, Citi results show hurdles ahead

Bank of America and Citigroup shares fell as the banks' results highlighted the sluggishness of the U.S. economic recovery and costs of potential regulation, offsetting better-than-expected quarterly profits on lower credit losses.
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Weak euro to hit IBM sales, profit seen solid

IBM is in danger of missing average Wall Street estimates for its second-quarter revenue as the weaker euro dents sales in Europe, which counts for about 30 percent of its revenue.
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Consumer prices drop, sentiment sours

Weak energy costs pushed U.S. consumer prices down for a third straight month in June while consumer sentiment dropped to a near one-year low in July, highlighting the sluggishness of the economic recovery.
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Dell proposes SEC deal, adjourns annual meeting

Dell Inc proposed a settlement with U.S. financial regulators over a long-running investigation of the computer maker's accounting, and adjourned its annual shareholders meeting on Friday.
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Bank of America and Citi results show hurdles ahead

Bank of America and Citigroup shares fell as the banks' results highlighted the stagnant U.S. economy and costs of potential regulation, offsetting better-than-expected quarterly profits on lower credit losses.
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Stocks drop 3 percent on earnings and data

Stocks slid on Friday as revenues from GE and two major U.S. banks disappointed investors while consumer prices and sentiment data gave further evidence the economic recovery is stalling.
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Wall Streets falls as consumer data

Stocks tumbled on Friday after consumer sentiment hit nearly a one-year low and GE and two major U.S. banks reported disappointing quarterly revenue.
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RealD, Qlik rally IPO market

Shares in RealD Inc , whose 3D technology was used to help make the movie Avatar, opened more than 22 percent above their initial public offering price on Friday and shares of business software maker Qlik Technologies Inc opened 20 percent higher.
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First Horizon swings to surprise Q2 profit

First Horizon National Corp , the largest bank in Tennessee with over $26 billion in assets, posted a surprise profit, helped by improving credit quality and said the overhaul of U.S. financial rules will not affect its capital position.

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