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Iberia shares rise on BA-Qantas merger failure

Shares in Iberia rose almost 5 percent on Thursday on improved merger hopes with British Airways after talks about a tie up between the UK airline and Australia's Qantas were called off.

Lennar loss narrows on reduced land spending

Lennar Corp said on Thursday its quarterly net loss narrowed as it cut land expenditures and tried to clear its backlog of unsold homes, sending shares of the No. 2 U.S. homebuilder up.

Embraer sees credit crunch hitting 2009 jet orders

Brazil's Embraer , the world's third largest commercial jet maker, expects aircraft orders to decline in 2009 as credit dries up because of the global financial crisis, Chief Executive Frederico Curado said on Thursday.

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