Aircraft components maker, Triumph, is acquiring Vought Aircraft Industries, The Wall Street Journal reports. Private equity firm, Carlyle, is selling the company in a $1.44 billion cash and stock deal. Under the deal, which is expected to close in July 10, Triumph will issue 7.5 million shares and pay $525 million in cash, along with [...]

continue reading.....

The Organisation of Oil Exporting Countries (Opec) has agreed to keep to its existing oil output quota. The decision was widely expected but nonetheless sent the price of the UK benchmark, Brent crude oil, up by 72 cents to $81.25 a barrel. US light sweet crude was up 77 cents at $82.47 a barrel.

continue reading.....

US planemaker Boeing has reacted angrily to news that Germany plans to give a 1.1bn euro ($1.49bn, £1bn) loan to help Airbus develop its A350 plane. Boeing vice president Ted Austell said the loan was “unfortunate and disappointing”.

continue reading.....

Japanese exports rose 45% in February compared with the same month a year ago. Exports to Asia, which make up more than half of Japan’s total exports, rose more than 55% in the same period. Car shipments to the US more than doubled, despite huge recent recalls by Toyota due to safety problems.

continue reading.....

Prosecutors in California are suing Toyota, claiming the Japanese carmaker sold hundreds of thousands of vehicles that it knew had defects. The world’s largest carmaker has recalled millions of vehicles because of problems accelerating and braking.

continue reading.....

US regulators have unveiled the nation’s first plan to give every American super-fast broadband by 2020. The Federal Communications Commission (FCC), which will now submit the plan to Congress, said broadband was the “greatest infrastructure challenge”. It estimates that one-third of Americans,

continue reading.....

Democrat senators have unveiled proposed new laws that will give the US Federal Reserve more regulatory powers over big US banks. The new banking regulation bill proposes the establishment of a new consumer protection agency at the Fed, with powers to regulate all lending.

continue reading.....

Business Secretary Lord Mandelson has announced a 300m-euro ($412m; £270m) loan guarantee to the European arm of General Motors (GM). The money will help secure operations at the carmaker’s two Vauxhall plants in the UK and those of Opel in Europe.

continue reading.....

Ford has reported a jump in US sales of 43% last month, selling more cars than its great rival General Motors (GM). GM posted a more modest rise of 11.5%, as it benefited from customers abandoning Toyota over the Japanese firm’s recall

continue reading.....

German Chancellor Angela Merkel has pledged to “stand helpfully by Greece’s side” but her economy minister said Germany would not offer a cash bailout. Mrs Merkel was speaking ahead of a meeting in Berlin with Greek Prime Minister George Papandreou.

continue reading.....