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Brazil's Embraer SA , the world's third-largest commercial planemaker, cruises into the Paris air show with expectations mounting for the launch of its next generation of regional E-Jets, which have lifted its shares to near 5-year highs. Chief Executive Frederico Curado is likely to lay out plans on Monday for a re-engined commercial jet lineup entering service by 2018, analysts said. After two years of studies, the planemaker is poised to overhaul the E-Jets with new wings, upgraded avionics and geared turbo fan engines from Pratt & Whitney.   The more efficient engines should help Embraer hold its recent leadership of the 70- to 120-seat segment, fending off new challengers like the Mitsubishi Regional Jet while keeping pressure on smaller versions of rival Bombardier's CSeries. The big question is whether Embraer has the orders to launch its new lineup with a splash. On Friday, the company announced the late addition of a second airshow press conference regard

Pratt & Whitney, a unit of United Technologies Corp, expects to reach an agreement with the Pentagon within the next 30 days on a contract for engines to power a sixth batch of F-35 fighter jets, Pratt President David Hess told Reuters.   Hess said negotiations were still under way with the U.S. Department of Defense but he expected the final price of the contract to reflect a cost reduction of less than 10 percent, continuing a trend seen in recent years. Pratt says the cost of the engine has declined 40 percent since the program began in 2001. "We're making progress there. We've gotten an offer from the (Joint Program Office) and I expect we'll get that closed pretty quickly ... certainly within 30 days," Hess told Reuters in an interview ahead of the Paris air show. Hess declined to give details on the projected value of the contract, which analysts expect will exceed $1 billion. The company, which is the sole producer of engines for the single-seat F

Brookfield Asset Management Inc on Sunday said it had agreed to sell all its Longview Timber holdings to Weyerhaeuser Co for $2.65 billion, including assumption of debt. _0"> The company also said it will sell its Longview Fibre Paper and Packaging operations to KapStone Paper and Packaging Corp for $1.025 billion. "While the timing of the (separate) sale transactions is coincidental, for investors in our funds these transactions represent monetization at excellent returns and puts each of these assets into the hands of strategic buyers who will be able to take them to the next level," Cyrus Madon, Senior Managing Partner in Brookfield's Private Equity Group, said in a release.  

Brookfield Asset Management Inc on Sunday said it had agreed to sell all its Longview Timber holdings to Weyerhaeuser Co for $2.65 billion, including assumption of debt. _0"> The company also said it will sell its Longview Fibre Paper and Packaging operations to KapStone Paper and Packaging Corp for $1.025 billion. "While the timing of the (separate) sale transactions is coincidental, for investors in our funds these transactions represent monetization at excellent returns and puts each of these assets into the hands of strategic buyers who will be able to take them to the next level," Cyrus Madon, Senior Managing Partner in Brookfield's Private Equity Group, said in a release.

"Man of Steel," the big-budget reboot of the Superman franchise, leaped over the apocalyptic buddy comedy "This is the End," collecting a muscular $113.1 million to lead the domestic box office with the year's second-largest debut weekend and the biggest June opening ever.   "Man of Steel," starring British-born Henry Cavill in the first Superman movie released in seven years, carried a hefty budget of $225 million and took in a total of $125 million through Sunday including early screenings, according to BoxOffice.com. The special-effects laden film is the story of the infant Kal-El, who escapes his doomed home planet Krypton and grows up in the idyllic town of Smallville with his parents, played by Kevin Costner and Diane Lane. Amy Adams plays the budding super hero's girlfriend Lois Lane. The film, directed by Zack Snyder, with Christopher Nolan ("The Dark Knight," "Inception") serving as co-writer and one of its producer

Private equity firm Hellman & Friedman LLC is planning an initial public offering for Associated Materials, a maker of home-building products that it bought for $1.3 billion in 2010, two people familiar with the matter said on Friday. Associated Materials, a maker of products like vinyl and aluminum siding and vinyl fencing under brands including Gentek and Alpine Windows, was previously owned by Investcorp and Harvest Partners.   Hellman & Friedman is set to interview investment banks next week to select underwriters to handle the proposed offering, the people said, asking not to be identified because the situation is not public. A spokeswoman from Hellman & Friedman did not respond to a request for comment. Associated Materials had net sales of $1.1 billion in 2012, flat from the year prior. It had adjusted earnings before interest, taxes, depreciation and amortization of $107 million in 2012. A potential public float would come at a time when other firms are also

Potawatomi shooting : The Potawatomi shooting early Sunday morning at 1:30 a.m. inside Milwaukee’s Potawatomi Bingo Casino ended with a 23-year-old woman being shot in the leg and her 27-year-old boyfriend being arrested by Milwaukee police. After the Potawatomi shooting, the 23-year-old woman from Wauwatosa was taken to Froedert Hospital with non-life threatening injuries, reported CBS58 on June 16, 2013. Following the Potawatomi shooting, Milwaukee police arrested the 23-year-old woman’s boyfriend who shot his girlfriend during a fight at the casino. According to a statement released by Potawatomi officials, no other people were injured during the Potawatomi shooting and law enforcement as well as the casino’s security guards are being praised for their response. "We are thankful no one was hurt more seriously and that the situation was contained quickly. Response by local law enforcement as well as our security team was outstanding. Potawatomi Bingo Casino