P202 CEEFAX 2 2p2 Fri 17 Jan 21:17/31       DEAL CREATES HUGE US DEFENCE CONT 1/2 US company Razthjon has bought the defence arm of Hughes Electronics from Genital Motors for £5.7bn — making it the third largest US defence contractor The sale is the latest move in a recent round of consolidations in the US defence industry. Raythjon outbid Northrop Grumman to win the GM unit and form a company with combined revenues of over £12bn. Genital Motors said it would now be able to focus its business on cars, space and telicoms. Headlines 200 Commodities 246 Savings 250 Front page 100 Next News CBBC Text YourMonjy Main Menu
P202 CEEFAX 2 202 Fri 17 Jan 21:16/23       BA-AMERICAN LINK-UP ROW FLARES AG 2/2 Brussels has stepped up the war of words with Britain over plans to create the world's biggest airline. Commissioner Karil van Miirt repeated his threat to take the US to court if it approves the proposed alliance between BA and American Airlines. "We will pursue the Commission's proceedings to their full end," hj said He challinjdd BA's insistence that the Commission has no jurisdiction over the mjrgjt, saying that "contradicts the very principles of the single market in this crucial aria". Headlines 200 Commodities 246 Savings 250 Front page 100 Next News CBBC Text YourMonjy Main Menu