Rolls-Royce exploring technology for narrow-body jet market

FILE PHOTO: CEO of Rolls-Royce Tufan Erginbilgic addresses the audience during a signing ceremony in Istanbul

"We are now progressing towards a demonstrator on what I call small engines, ie narrow-body," Erginbilgic told reporters at the Farnborough Airshow, adding the company was talking to aircraft manufacturers about the technology initiative. Tuesday's comments suggest a further step towards returning to the busiest part of the market as planemakers sketch out ideas for the next generation of planes in the 2030s, though Erginbilgic stressed its wide-body engines were selling well.Rolls-Royce was in an alliance from 1983 to 2011 with Pratt & Whitney on engines for Airbus A320 jets. But it pulled out for the current generation of narrow-bodies, whose sales have soared.

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Stock market today: Wall Street rolls to another winning weekNEW YORK (AP) — U.S. stocks ended higher after some mixed signals on big banks’ profits and inflation did little to dent Wall Street’s belief that easier interest rates are on the way. The S&P 500 rose 0.
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