Boeing Co. (NYSE:BA) has requested the Federal Aviation Administration to allow it to conduct flight tests of its 787 Dreamliner aircraft that would assess a potential solution to the problem that caused batteries in the 787s to burn up last month, leading to their worldwide grounding. According to Reuters, which cited the Seattle Times, the FAA is likely to grant the permission within a couple of days, if not earlier.
“Virgin Media confirms that it is in discussions with Liberty Global, a leading international cable company, concerning a possible transaction,” says a statement from Virgin Media (NASDAQ:VMED). This transaction could take the form of a takeover by John Malone’s Liberty Global (NASDAQ:LBTYA), a leading U.S. cable group. Virgin Media is Britain’s No 2 pay-TV group after Murdoch-owned BSkyB. Analysts estimate $24 billion as its fair enterprise value. Major shareholders in Virgin Media include Capital World Investors (14.6%), Capital Research Global Investors (10.9%) and British entrepreneur Richard Branson with 3%.
General Motors (NYSE:GM) and Ford (NYSE:F), which manufacture vehicles running on turbocharged engines, could have cause for concern from a report by Consumer Reports that says these engines fail to provide improvements in performance and fuel economy compared to the standard engines they replace, despite costing much more. Consumer Reports engineers came up with these findings after testing turbocharged engines such as Ford’s 1.6 L Eco-Boost and GM’s 1.4 L turbo, says The Detroit News. “While these engines may look better on paper with impressive EPA numbers, in reality they are often slower and less fuel-efficient than larger four- and six-cylinder engines,” said Jake Fisher, Consumer Reports’ director of automotive testing.