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Mobile carriers in Asia and Australia report very strong demand for the new Apple iPhone 5 (NASDAQ:AAPL) as it goes on sale today, reports Reuters. Eager buyers reportedly are queueing up around city blocks hoping to lap up supplies of the new smart phone. However, disappointment was reported about not-so-accurate maps and the absence of a mobile wallet feature.
Japanese airline All Nippon Airways announced its deal to buy 11 787-9 Dreamliner aircraft from Boeing (NYSE:BA). The order value of the contract is about $ 3.3 billion and the planes are likely to be delivered between 2018-2021. Boeing announced separately that cellphone calls could be made as soon as 2013 from its 747-8, 787 Dreamliners and 777 aircraft. The aircraft manufacturer also hopes to have on-board wireless streaming by 2014.
After the Canadian Auto Workers union threatened to go on strike, General Motors (NYSE:GM) reportedly capitulated and agreed on a four-year contract that could result in 1,750 jobs. GM would also have to spend $ 692 million on its Canadian plants.
The current year has been less than memorable for Adidas (ADDYY.PK)’ Reebok brand with a major fraud discovered at its Indian operations and the loss of an important football contract. In addition, sales were down 26 percent in the second quarter. Not surprisingly, the company has clipped its sales target for the brand for 2015 to € 2 billion from € 3 billion.
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