Does United's move mean end of the line for the 747?
United's announcement this week that it is speeding up retirement of its Boeing 747s comes after years of talk of the iconic jumbo jet's demise. Changes in airline fleets move slowly, and United's announcement would take years to implement, but the Chicago-based airline's transition is part of a global trend. "The Boeing 747 has been in the sunset of its product life cycle for many years," said Rob Morris, head of consultancy at Ascend, an aircraft industry observer. "Many other operators are m..>> view originalUS Import Prices Fell 0.3% in February
Falling import prices are continuing to offer a check on overall U.S. inflation, though there are signs the pressure from abroad may be easing. Import prices decreased 0.3% in February from the prior month after falling a revised 1% in January, the Labor Department said Friday. It was their eighth consecutive monthly decline; economists surveyed...>> view originalUS oil and natural gas drilling rig count at record low
The number of rigs drilling for oil and natural gas in the United States has fallen to the lowest level since at least 1940, oil services company Baker Hughes Inc said on Friday, as energy firms continued to slash activity amid the deepest energy price rout in a generation.Combined rigs in the U.S. oil and gas fields fell by nine this week to 480, overwriting a previous record low of 488 in April 1999, according to the closely-followed industry data.Oil rigs alone fell for a 12th week in a row..>> view originalGM buys Cruise Automation in a bid for autonomous driving
As it plunged toward bankruptcy in 2009, General Motors Co. was slammed for its reluctance to change.Now, with the auto industry speeding toward a point where cars drive themselves, the automaker is trying to get ahead of the curve. On Friday, GM said it acquired Cruise Automation, a 40-person software company in San Francisco that has been developing autonomous-vehicle technology. GM plans to use Cruise technology to gave autonomous capability to its vehicles, though likely not in existing mod..>> view originalMarket Rises on Energy Companies' Gains
A jump in crude oil prices and strong gains in European markets set off a rally in U.S. stocks, the fourth consecutive week of gains for the major indexes. Investors bought across industries from the start of trading on Friday. Drillers, refiners and other energy companies rose sharply as the price for U.S. crude hit a high for the year.Devon Energy jumped 11 percent and Southwestern Energy gained 10 percent.Just a month ago, investors were dumping shares amid talk of a possible U.S. recession..>> view originalJessica Alba's Honest Company Denies Claims Their Detergent Contains Chemical They Said to Avoid
Paul Zimmerman/Getty Images The Honest Company being dishonest? Not so fast.Jessica Alba's consumer goods company is on the defense after The Wall Street Journal released a story claiming the company's detergent contains the compound sodium lauryl sulfate (SLS), an ingredient they've previously expressed consumers should avoid. "Our findings support that there is a significant amount of sodium lauryl sulfate in Honest's detergent," Barbara Pavan, a chemist at Impact Analytical, told the pape..>> view originalGM, Ford invest in driverless cars, ride hailing
As it plunged toward bankruptcy in 2009, General Motors Co. was slammed for its reluctance to change.Now, with the auto industry speeding toward a point where cars drive themselves, the automaker is trying to get ahead of the curve. On Friday, GM said it acquired Cruise Automation, a 40-person software company in San Francisco that has been developing autonomous-vehicle technology. GM plans to use Cruise technology to gave autonomous capability to its vehicles, though likely not in existing mod..>> view originalUnusual 11 Mid-Day Movers 3/11: (FCTY) (ATHX) (BOJA) Higher; (VMEM) (SGY) (FXCM) Lower
1st Century Bancshares, Inc. (Nasdaq: FCTY) 32.2% HIGHER; Midland Financial Co., the holding company for MidFirst Bank, and 1st Century Bancshares, Inc., the holding company for 1st Century Bank, National Association, jointly announced they have ...>> view originalFive years after a devastating tsunami, Japan pauses to remember
Flowers are left on the shore in tsunami-devastated Arahama, in the coastal district of Sendai, Japan, on March 11 as the nation marks the fifth anniversary of the earthquake and tsunami. (Kimimasa Mayama/European Pressphoto Agency) Japan paused at 2:46 p.m. Friday, the exact moment when, five years earlier, a magnitude-9.0 earthquake struck off the northeast coast, triggering a massive tsunami that claimed more than 18,000 lives. The disaster led to a triple meltdown at the Fukushima Daii..>> view originalDC officials oppose offer by Exelon, Pepco to salvage merger
By Ben Nuckols | AP March 11 at 5:03 PM WASHINGTON — District of Columbia officials said Friday they continue to oppose a proposal by power companies Exelon and Pepco to salvage their $6.8 billion merger, but the deal isn’t dead yet, the companies said. District regulators have rejected the merger twice. After the second rejection, regulators offered a revised settlement that would allow the merger to proceed. But Democratic Mayor Muriel Bowser and other city officials said that settlement t..>> view original
Friday, March 11, 2016
Does United's move mean end of the line for the 747? and other top stories.
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