Transportation

Japan's Seibu and Cerberus in boardroom showdown

Private equity giant Cerberus Capital Management LP and Japan's Seibu Holdings will square off in a shareholder vote on Tuesday over the U.S. firm's drive to shake up the board and win more influence.

Boeing raises jetliner demand forecast

Boeing upgraded its 20-year forecast for airplane demand as aerospace firms heading to next week's Paris Airshow look beyond the financial crisis to pin their hopes on Asia.