A letting of an office floor to growing research company UTRC in the rebranded and upgraded Penrose Wharf Business Centre puts the building vacated last year by Siemens back onto the market competitively.

A Malaysia Airlines flight to London has been forced to return to Kuala Lumpur after one of its engines began experiencing trouble shortly after take-off.

GLOBAL stocks staged the biggest rally of 2011 yesterday and the Dow Jones Industrial Average reached an almost three-year high amid better- than-estimated results at companies from Intel to United Technologies and L’Oreal.

Up to half of the Rolls-Royce engines of the type which disintegrated on an Airbus superjumbo this month may need to be replaced by the three carriers in Australia, Singapore and Germany that use them, Qantas’s chief executive said today.

An Irish trading company has been charged with sending helicopter engines and other aircraft parts to Iran, according to an indictment unveiled in a US federal court today.

A second engine power loss on a Boeing 777, following one that caused an emergency landing in London, resulted in a stronger recommendation from the manufacturer to avoid icing in fuel lines in extremely cold conditions.

Defence and aerospace firm Rolls-Royce has signed a US$131m (€95.8m) deal with US aircraft engines firm Pratt & Whitney.

The pilots of the Spanair plane that crashed in Madrid, killing 154 people, failed to extend wing flaps needed to give the aircraft enough lift for take-off, a source familiar with the investigation said.

Spain's civil aviation chief said a glitch in an air temperature gauge that forced the doomed Spanair jet to abandon its first take-off attempt an hour before it crashed should be examined.

Insurance group Legal & General unveiled a major deal last week when it bought the life assurance and unit trust business of Nationwide, a move worth about £285m (€427.5m).

NO JOB losses are expected at SIFCO Ireland, the Cork-based aircraft engine-repair operation, once the sale of the company is completed as expected next month.

Rolls-Royce secured a long-term role today on a £1.3bn (€1.9bn) project to develop engines for the next generation of stealth fighters.

United States engineering giant UTC today pledged to battle on in its bid to buy fire extinguisher maker Kidde.

US aircraft maker Boeing Co said it has selected Messier-Dowty, the Gloucester-based business owned by France's state-owned Ste Nationale d'Etude et de Construction de Moteurs d'Aviation, to provide the main and nose landing gear for the planned 7E7 fuel-efficient passenger plane, also known as "Dreamliner".

The Dow Jones industrial average closed above the 10,000 milestone for a second day today as investors shrugged off a downbeat report on consumer sentiment to push stocks higher.

A European aerospace consortium which includes Rolls Royce slashed its bid to supply engines for a new Airbus military transport after being undercut by a Canadian manufacturer, it was reported today.

UNITED Technologies Corp, the maker of Carrier air conditioners and Otis elevators, is in talks to buy Chubb Plc, the world's third-largest provider of security services, people familiar with the situation said.

US industrial conglomerate United Technologies Corporation is believed to be the firm behind the bid for security services group Chubb, it emerged today.

Boeing's planned Sonic Cruiser will nudge the speed of sound but be just as fuel efficient as slower planes on similar routes - meaning passengers can reach places faster without paying more.

Aero-engine giant Rolls-Royce is expected to announce the loss of 3,000 to 4,000 jobs.