Spirit AeroSystems, Inc. ("Spirit" NYSE: SPR), the world's largest first-tier aerostructures manufacturer, has closed a deal with Airbus to design and produce the composite fuselage structure for A350 XWB.

Fluor Corporation, a publicly owned engineering and construction organization, has conducted a $1.8 billion (926 million pound) transaction with Scottish and Southern Energy to construct a wind farm.

Danish food production company Danisco A/S and American chemical company DuPont will cooperate to derive fuel from plants sources not used for food.

Virgin Mobile USA (NYSE: VM), a cellular telephone company, is now in talks with SK Telecom, a South Korean mobile telecommunications operator, about a “strategic partnership”.

Air Midwest, Inc. will cease to exist due to increasing fuel costs, according to Mesa Air Group.

The second largest American style beermaker, Miller Brewing Company, will act as an exclusive importer of the Grolsch beer brands.

European finance ministers encouraged the euro's decline from a record against the dollar and France's Christine Lagarde said the currency may be overvalued by as much as 20 percent.

Spain's Telefonica posted a 22.4 percent rise in first-quarter net profit to 1.54 billion euros ($2.38 billion) on Wednesday.

J Sainsbury Plc reported annual profit rose 1.5 percent after sales of clothes, televisions and higher-priced organic food increased.

Staples, Inc. (NASDAQ: SPLS), the world's largest office supply retail store chain, announced Tuesday its decision to increase bid for Corporate Express NV (Euronext: CXP, NYSE: CXP), the Dutch company that supplies office products to businesses and institutions.

Hoku Scientific, a diversified clean energy technologies company, ascribed the decrease in revenue and increase in payroll expenses to its fiscal net loss.

Finmeccanica S.p.A., an Italian conglomerate company, is currently in talks to purchase the U.S. defense contractor DRS Technologies.

Iran rumors spurred the growth of oil prices to a new record of $127 a barrel Tuesday.

One of the oldest financial services firms in the world, JPMorgan Chase & Co (NYSE: JPM), has hired about 6,000 people out of Bear's 14,000 employees.

A fashion company Liz Claiborne Inc. reported a first-quarter loss of $31 million, or 33 cents a share. The previous year the company earned $16.2 million, or 16 cents.