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SEATTLE — Boeing on Thursday presented what it called a final counterproposal to the Machinists union in negotiations to keep much of the work on a new 777X jet in the Puget Sound region, and a company spokesman said union leaders rejected the offer. A …Read More
Boeing is shifting hundreds of jobs to Alabama, Missouri and South Carolina as it restructures its research and technology operations.
Dorito dust may be the new salt for more restaurant chains. PepsiCo Inc. announced Thursday it struck a deal to serve its drinks at Buffalo Wild Wings, and said it would work with the sports-centric chain to create “unique menu offerings.”
Ford Motor Co. says it will hire more than 11,000 people in the U.S. and Asia next year to support an aggressive rollout of 23 new vehicles, the busiest product year in the company’s 111-year history.
New cars and trucks sold in the U.S. last year got an average of 23.6 miles per gallon in combined city and highway driving, a record that came mainly through improvements to engines and transmissions, according to the Environmental Protection Agency.
Brazilian plane maker Embraer says American Airlines has placed a firm order for 60 E-175 passenger jets for an estimated $2.5 billion.
The Federal Communications Commission voted 3-2 to start a months-long public comment process to remove its restriction on use of cellphones on a plane. But the Department of Transportation, which oversees aviation, isn’t so sure that permitting calls “is fair to consumers.”
The stock market fell to its lowest level in a month Thursday as investors worried that the end may be nearing for the Federal Reserve’s support for the economy.
The Obama administration is targeting several companies and individuals for evading international sanctions against Iran and for providing support for Iran’s nuclear program.
U.S. consumers ramped up spending in November on cars, appliances and furniture and made more purchases online, signaling growing confidence in the economy during the holiday shopping season. The Commerce Department said Thursday that retail sales rose 0.7 percent, the biggest gain in five months.
The global airline industry expects its profits to jump to a record high next year, helped by falling jet fuel prices, rising travel demand and cost-cutting. The International Air Transport Association said Thursday it forecasts a profit of $19.7 billion — well above the $12.9 billion expected this year.
A labor group monitoring three Chinese factories that make iPhones and other Apple products says once-oppressive working conditions have steadily improved in the last 18 months, but more must be done to reduce the amount of overtime that employees work.
Hilton is back, and in a big way. The hotelier, which went private in 2007, on Wednesday priced its initial public offering at $20 per share. The company and a shareholder sold 117.6 million shares, about 5 million more than originally planned, for a total take of $2.35 billion.
Facebook will join the Standard & Poor’s 500 stock index, replacing technology supplier Teradyne Inc., while Abercrombie & Fitch is downgraded from the benchmark index.
Many bosses are ditching traditional holiday parties. Instead, they’re sponsoring shopping sprees and cruises to reward staffers and celebrate at the end of the year. Others are holding parties that include a special activity or are doing volunteer events that they say are good for business.