McDonald's Joins 5 Other Mega Brands In Ditching the Olympics

McDonald's Corp.  (MCD) ended its longtime partnership with the International Olympic Committee as the fast-food chain joins a growing list of U.S. companies pulling advertising from the games, AdAge reported. Anheuser-Busch InBev (ABV) , Citigroup (C) , Hilton (HLT) , TD Ameritrade (AMTD) and AT&T (T) have all pulled out of the Olympic games in the last year. Industry experts speculate that some U.S. advertisers have left because of the dramatic time change for the next few games - PyeongChang in 2018, Tokyo in 2020 and Beijing in 2022. McDonald's said the decision is part of a global growth plan that has the company reconsidering all parts of the business. McDonald's, which has advertised at

GE Tells Boeing It Won't Share 797 Engines With Arch-Rivals

General Electric Co., the world’s biggest jet-engine maker, said it’s not prepared to share turbine production on Boeing Co.’s planned middle-of-market plane with its two global rivals. Should Boeing opt for multiple suppliers, “we’re out,” David Joyce, head of GE’s aero-engines arm, said at the Paris Air Show, adding that his company still carries “scars” from being one of three engine providers on the Airbus SE A330 two decades ago. While GE and U.S. rival Pratt & Whitney are working on engines for the proposed Boeing model, Rolls-Royce Holdings Plc is also targeting the program as a way into the higher-volume market for smaller aircraft after focusing on wide-body types since 2011. Boeing is exploring “three very interesting technical proposals” concerning the propulsion system for its next all-new jetliner, Kevin McAllister, the head of its commercial airplanes division, said at the aviation expo.

• AIRSHOW-GE says planemakers calling for more CFM engines

  Reuters
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  Boeing, Airbus to battle it out at Paris Air Show

  AFP