Pacific Northwest Compiled from Seattle Times business staff, Bloomberg News and The Associated Press ...
At the Dubai Air Show on Monday, Boeing gave details of two 787 deals. The orders are not new orders, however, and are already included in the running total of 233 firm orders for the new jet.
ILFC, the giant leasing company, had placed a firm order for 20 of the new jets last month, as reported at the time. Low-Cost Aircraft Leasing (LCAL), a new Hong Kong-based company, had placed a firm order for six 787s in May but had not been identified until now.
The two deals together are worth $3.4 billion at list prices. Boeing still has 76 announced 787 orders that are not yet booked as firm.
Defense program’s cost figures soar
The Future Combat Systems (FCS) program co-managed by Boeing and Science Applications International will cost $161 billion, a 64 percent increase from last year’s estimate, heightening risks the Pentagon might scale back its second-most expensive program because of budget pressures.
The jump from $98 billion for the Army program isn’t because of poor performance, the Pentagon said Monday. The new number is the Army’s new inflation-adjusted estimate for what the program’s latest reorganization will cost to extend development by four years, the Pentagon said.
The FCS is a new family of faster, lighter battle vehicles linked by high-speed, digital communications, unmanned drones and new combat radios.Loudeye
Executive leaving digital-media firm
Loudeye, a Seattle-based digital-media company, said Ronald Stevens resigned earlier this month as chief financial officer and chief operating officer. Stevens has accepted a position at another company, Loudeye said, but will remain at Loudeye through the end of December. Loudeye has promoted Chris Pollack, its vice president of finance, to replace Stevens at a base salary of $175,000.
Studies find many errors at checkout
Wal-Mart charged the wrong price to shoppers in California and the Midwest at a rate that exceeds those set by federal guidelines, according to two union-commissioned university studies released Monday.
Attorneys general in Illinois and California said the reports raised serious concerns. Connecticut Attorney General Richard Blumenthal, on a conference call held by the studies’ backers, said his office would investigate what he called a “culture” of inaccuracy.
The two studies said random purchases at 60 Wal-Mart stores in California found that the wrong price came up 8.3 percent of the time. At 78 stores in Illinois, Indiana and Michigan, checkout scanners rang up the wrong price 6.4 percent of the time. In both states, some prices came up higher and some were lower.
Compiled from Seattle Times business staff, Bloomberg News and The Associated Press