Half of the Rolls-Royce engines that power the A380 Airbus superjumbo jets may need to be replaced, according to the Qantas CEO. One of the engines caught fire and caused the emergency landing of a Qantas flight earlier this month.
Traveling with an entourage of 200 American business executives, President Obama's trip to Asia has, to a large extent, become an effort to create jobs in the U.S. But reaching new agreements won't be easy -- at home or abroad.
Qantas has a lot riding on its reputation for safety, which only raises the stakes for the airline after the engine explosion on one of its Airbus A380s Thursday. It temporarily grounded its six A380s, but the airline needs a long term solution. Is that old workhorse the Boeing 747 the answer?
At least one client received a letter from the Justice Department saying the department had reason to believe the person held accounts overseas without reporting them to the IRS. The letter did not mention HSBC.
Global wealth made a remarkable comeback in 2009, but you might be surprised by the countries that have the largest percentage of millionaire households.
Singapore has the greatest proportion of millionaire households in the world, but why? Credit a better quality of life, a growing economy, family friendly businesses and so much more.
When the Abu Dhabi Investment Authority struck a deal with Citigroup in 2007 to buy $7.5 billion in equity shares in exchange for an 11 percent dividend, it agreed to convert those shares into common stock later. Now, with Citi's stock below $4, the $30-plus per share Abu Dhabi agreed to pay is looking like a really bad bargain.
