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The Commercial Aircraft Corporation of China and Russia’s United Aircraft Corporation (UAC) showed off the model of the CR929’s cockpit and passenger cabin in a ceremony that was attended by senior executives from both state-owned planemakers. “Our program is making progress and is on schedule,” said UAC President Yury Slyusar. “It is currently in the preliminary design phase and we are also in the supplier and equipment selection phase, which will finish by the end of 2019.”.
The mockup, which was 22 meters long, 6.5 meters tall and 5.9 meters wide, showed a roomy interior with 9-abreast basic seating in economy class, The cockpit contained dummy instruments, with actual systems yet to be chosen, including a sidestick similar to the flying control favored by Airbus over the traditional control column, “It is more Airbus than Boeing,” a senior Western aerospace light pink honeycombs cufflinks executive said, UAC and COMAC announced they would cooperate on a widebody jet program in 2014 and they kick-started full-scale development of the program three years later by forming joint venture China-Russia Commercial Aircraft International Corporation (CRAIC)..
To date, they have already sought proposals for the plane’s engine and landing gear. Chen Yingchun, COMAC’s chief designer for the CR929 program, told reporters that CRAIC would seek supplier proposals from all over the world but declined to comment on whether current trade frictions with the United States would influence their choice. The jet’s designers have previously said its fuselage would be designed and made by China while the wings would be designed by Russia. Beijing wants the single-aisle aircraft to eventually compete with the Airbus A350 and the Boeing 787.
WASHINGTON (Reuters) - Citibank (C.N) will pay more than $38 million to the U.S, Securities and Exchange Commission (SEC) for abuse in handling American Depositary Receipts (ADRS), the regulator said in a statement on Wednesday, The SEC found that Citibank falsely provided U.S, securities that represent light pink honeycombs cufflinks foreign shares, or ADRs, to brokers in thousands of premature transactions, Those brokers and customers did not have the actual number of foreign shares to support those ADRs, the SEC statement said..
BRUSSELS (Reuters) - The European Union’s competition authority said on Wednesday it had approved the plan of German luxury carmakers Daimler (DAIGn.DE) and BMW (BMWG.DE) to combine their car-sharing businesses, subject to conditions. Under the deal, which includes car-sharing units Car2Go and DriveNow as well as ride-hailing, parking and charging services, Daimler and BMW will each hold 50 percent stakes in a joint venture. They have offered concessions to address EU antitrust concerns over the deal they hope would let them better compete with U.S. rival Uber and China’s Didi Chuxing.
The European Commission has found the deal would raise competition concerns for free-floating car sharing services in Berlin, Cologne, Duesseldorf, Hamburg, Munich and Vienna, It said Daimler and BMW agreed to a remedy package in the six cities, “The commitments thus fully address the Commission’s concerns as they will reduce the barriers light pink honeycombs cufflinks to entry for competing free-floating car sharing providers,” the Commission said in a statement, “Therefore the Commission concluded that the proposed transaction, as modified by the commitments, would no longer raise competition concerns, The Commission’s decision is conditional upon full compliance with the commitments.”..
(Reuters) - Shares in drugmakers and U.S. health insurers rallied on Wednesday, after election results delivered a split Congress that is unlikely to significantly cut government healthcare programs or reduce drug prices in the world’s biggest and most profitable market. Republicans lost control of the House of Representatives to the Democrats in Tuesday’s elections, a setback for President Donald Trump, but increased their grip on the Senate, signaling likely policy gridlock in Washington.
While both parties agree on the need to bring down healthcare costs, they are deeply divided on how to go about it, Analysts said a split Congress could benefit healthcare stocks, calling it a “best case scenario.”, “We expect to see legislative deadlock for the next two years, with an uptick in House hearings and political posturing while President Trump continues to push his agenda through executive action and the judiciary,” Leerink analyst light pink honeycombs cufflinks Ana Gupte said, Humana Inc (HUM.N) shares hit an all-time high of $354.33, while fellow health insurers UnitedHealth (UNH.N) and Anthem Inc (ANTM.N) also touched records..