Congressional Republicans reached a deal on final tax legislation on Wednesday, clearing the way for final votes next week on a package that would slash the U.S. corporate tax rate to 21 percent and cut taxes for wealthy Americans. Under an agreement between the House of Representatives and the Senate, the corporate tax would be 1 percentage point higher than the 20 percent rate earlier proposed, but still far below the current headline rate of 35 percent, a deep tax reduction that corporations have sought for years.
Canada's decision to make it harder for Boeing Co (BA.N) to win a major jet order hands rival plane maker Lockheed Martin Corp (LMT.N) an advantage in capturing the contract, defence experts said on Wednesday. Ottawa on Tuesday scrapped plans to buy 18 Boeing Super Hornets and made clear the company would not win a contract for 88 jets unless it dropped a trade challenge against Canadian planemaker Bombardier Inc (BBDb.TO). Last week Boeing made clear it would not back down in its fight against Bombardier, which it accuses of trying to dump airliners on the U.S. market.
PARIS/NEW YORK, Dec 13 (Reuters) - Delta Air Lines looked close on Wednesday to placing an order for 100 Airbus A321neo jets in a boost for the European planemaker as it tries to narrow a 2017 order gap against Boeing, two people familiar with the matter said. The A321neo has a significant lead in market share over equivalent Boeing narrowbody models, but faces potential competition from a new mid-market jet being studied by Boeing and for which the U.S. firm may start seeking offers next year.