Air Berlin orders 25 Boeing 787s, worth $4 bln

(Reuters) - Boeing said it now has 677 firm orders for 787s. The plane is scheduled for its first test flight in August or September and first delivery in May next year.




Read more at Reuters.com Business News

U.S. Stocks Gain for a Second Week; S&P 500 Rises Most Since April on M&A

(Bloomberg) -- U.S. stocks advanced, giving the
Standard & Poor's 500 Index its biggest weekly gain since April,
propelled by $50 billion in announced takeovers and reports that
signaled economic growth is accelerating.

Hilton Hotels Corp. had the top advance in the S&P 500
after agreeing to a $20 billion buyout by Blackstone Group LP, a
record purchase for the hotel industry. Exxon Mobil Corp., the
world's largest oil company, surged to an all-time peak and
helped push the Dow Jones Industrial Average higher after crude
prices jumped above $72 a barrel.


Read more at Bloomberg Stocks News

U.K. Gilts Post Weekly Drop as Bank of England Raises Rate to 5.75 Percent

(Bloomberg) -- Gilts fell this week, pushing 10-year
yields to the highest in more than seven years, on speculation
the Bank of England will keep raising the cost of borrowing to
cool inflation.

The BOE raised rates for a fifth time in 12 months this
week, to a six-year high of 5.75 percent, and signaled further
increases may be needed. The central bank said inflation risks in
the medium term ``lie to the upside.'' The government said
yesterday factory production rose in May to the highest in almost
six years, a sign rates aren't too high to support economic
expansion.


Read more at Bloomberg Bonds News