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In February, the company raised a Trent 1000 accounting charge to 790 million pounds ($1.03 billion) from 554 million pounds at the half year, contributing to a full-year operating loss of 1.16 billion pounds father of the bride cufflinks. It also allocated another 100 million pounds in cash to the problem. Rolls-Royce said on Tuesday that since the entry into service of the Trent 1000 TEN, it had communicated to operators that the high-pressure turbine blades in the engine would have a limited life. “Working with operators, we have been sampling a small population of the Trent 1000 TEN fleet that has flown in more arduous conditions,” the manufacturer said in a statement. “This work has shown that a small number of these engines need to have their blades replaced earlier than scheduled.”..
TOKYO (Reuters) – The defense lawyer for ousted Nissan Motor Chairman Carlos Ghosn said on Tuesday he had not discussed with Ghosn a report that Nissan’s alliance partner Renault had alerted French prosecutors about payments to an Omani distributor. “We are aware of the report, but we haven’t spoken to Ghosn about it,” Junichiro Hironaka told a briefing in Tokyo father of the bride cufflinks. On Monday Reuters reported that Renault SA had alerted French prosecutors to payments made to a Renault-Nissan business partner in Oman under former Chief Executive Ghosn..
TOKYO (Reuters) – Ousted Nissan boss Carlos Ghosn would not get a fair trial by a Tokyo court if he were tried alongside his former employer, a lawyer for Ghosn said on Tuesday, saying the carmaker was more like a prosecutor than a defendant in the case. “No matter how you look at it, having Ghosn sit alongside Nissan at the trial would be peculiar, it would go against his right to a fair trial,” Junichiro Hironaka told a briefing father of the bride cufflinks. Earlier on Tuesday, lawyers for the former Nissan Motor chairman said they asked a Tokyo court that he stand trial for alleged financial wrongdoing separately from Nissan because the company is helping prosecutors..
(Reuters) – Irish-based carrier Ryanair said on Tuesday its pilots based in Portugal have voted for a labor agreement for the next four years, taking another step to head off any risk of another round of damaging strikes ahead of its peak summer season. The agreement governing pay and conditions was negotiated between Ryanair and the Portuguese pilot union SPAC to cover all of the airline’s directly employed pilots in Portugal, the carrier said father of the bride cufflinks. Ryanair has been struggling with labor relations since it bowed to pressure to recognize unions for the first time almost a year ago..
PARIS (Reuters) – French aerospace and defense electronics group Thales said it had completed its previously announced 4.8 billion euros ($5.4 billion) takeover of chipmaker Gemalto, boosting Thales’ presence in the booming security services market. Thales had to clear various regulatory hurdles before finally completing the deal, and the company reiterated that buying Gemalto would increase its overall revenues and lift its presence in Latin America, north America and Asia father of the bride cufflinks. “Together, we are creating a giant in digital identity and security with the capabilities to compete in the big leagues worldwide,” said Thales Chairman and Chief Executive Patrice Caine in a statement on Tuesday..