October 3, 2007
WITHOUT INSIDER DEALS THEY WOULDN'T EVEN SELL IMAGINARY A380s:
Insider dealing scandal threatens Airbus (John Lichfield, 04 October 2007, Independent)
A political and financial scandal is threatening to engulf the European Airbus company and the French government.Twenty-one senior executives and two large corporate shareholders were reported to have made "strange, massive and simultaneous" sales of shares in the parent company of Airbus, just before the plane-maker announced a calamitous delay to its super-jumbo, the A380, last year.
A preliminary report by the French financial markets watchdog has been forwarded to a judge who is investigating possible charges of "insider trading" against those who unloaded their shares.
MORE:
Minister sits on damning report on impact of Heathrow noise (Ben Webster, 10/04/07, Times of London)
Aircraft noise causes much more annoyance than previously thought, according to a study for the Department for Transport which the Government is attempting to conceal while it plans the expansion of Heathrow.Posted by Orrin Judd at October 3, 2007 7:43 PMThe existing method of measuring aircraft noise, adopted a quarter of a century ago, is too narrow and outdated, the study concludes. It fails to take account either of the huge growth in the number of flights or the public’s growing demand for quietness.
"just before the plane-maker announced a calamitous delay to its super-jumbo"
Which time? There's only been about a dozen...
It doesn't take insider information to know that you should dump airbus stock...
Posted by: b at October 4, 2007 12:49 PM