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Commercial plane orders slow; jetmakers focus on backlog

By Tim Hepher and Andrea Shalal PARIS (Reuters) – The boom in commercial plane orders of recent years appears to be giving way to a more sustainable pace of demand at the 2015 Paris air show, with jetmakers increasingly focused on lifting production to meet their record backlog of sales. U.S. planemaker Boeing and European rival Airbus unveiled a steady stream of deals on Tuesday, day two of the aerospace

Expect the Fed to favor a September rate hike

The Federal Reserve’s Open Market Committee’s meeting this week will be particularly notable if central bank officials signal Wednesday that they are inclined to embark on a new interest rate cycle in September, raising floored policy rates for the first time since 2006.

Trans fat is not safe and must be removed from food: US

Partially hydrogenated oils, known as artificial trans fats, are not safe to eat and must be removed from the food supply in the next three years, US regulators said Tuesday. Often found in margarine, frosting, cookies, crackers and frozen pizzas, partially hydrogenated oils (PHOs) are not “generally recognized as safe” for use in human food, said the US Food and Drug Administration, finalizing the agency’s proposed ban on artificial trans