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Boeing Co. said on Thursday it took seven new orders for commercial planes in the week ended Feb. 15 — three 767 jets and four 777s.
The 767 orders were from Chile’s LAN Airlines, which announced earlier this week that it was buying the three planes for $510 million as part of its long-term fleet strategy. Get the full story »
CME Group Inc. Executive Chairman Terry Duffy said a plan to allow U.S. futures regulators to charge user fees would harm U.S. exchanges trying to compete globally.
The proposal “could put us at the biggest disadvantage we’ve ever seen,” Duffy told reporters after a hearing in Washington. Get the full story »
The United States said on Friday it had asked the World Trade Organization to decide on two disputes with China, one on restrictions Beijing has imposed on U.S. specialty steel exports and the other on access to its credit and debit card market. Get the full story »
CME Group Inc. is still digesting the news that Deutsche Boerse is in talks to buy NYSE Euronext, a top executive said, and it is unclear how difficult a deal it will be to complete. Get the full story »
Hackers operating from China stole sensitive information from Western oil companies, a U.S. security firm reported Thursday, adding to complaints about pervasive Internet crime traced to the country.
The report by McAfee Inc. did not identify the companies but said the “coordinated, covert and targeted” attacks began in November 2009 and targeted computers of oil and gas companies in the United States, Taiwan, Greece and Kazakhstan. It said the attackers stole information on operations, bidding for oil fields and financing. Get the full story »
Archer Daniels Midland Co. on Wednesday announced a 5-year plan to invest in nearly 30,000 acres of palm trees in Brazil and build a new processing plant as part of a program to use palm in its biodiesel production.
The plant and palm acres are located in the northern Brazilian state of Para. Construction on the plant near Sao Domingos do Capim is anticipated to begin in 2013. It is expected to be operational in 2016. Get the full story »
China’s central bank raised interest rates on Tuesday, its second increase in just over a month, intensifying its fight against stubbornly high inflation. Get the full story »
A U.S. trade panel Monday approved combined final duties ranging up to nearly 450 percent on steel drill pipe from China used in oil production.
The U.S. International Trade Commission said there was sufficient evidence U.S. companies are threatened with harm by unfairly low priced competition from China. Get the full story »
World stocks rose on Monday, hovering near a 29-month high on further signs of global economic recovery, and copper rallied to a record high while U.S. 10-year Treasury yields hit their highest since May.
World equities as measured by the MSCI All-Country World Index advanced 0.2 percent after gaining 2.2 percent last week. The index is up 3.4 percent so far this year, while MSCI emerging markets index is down 2 percent.
The cancellation of 32 orders for Boeing 737s this week appears to have been by Dubai Aerospace Enterprise (DAE), and more order retractions could be coming from the airplane lessor, an analyst said on Friday.
Boeing declined to comment on Friday and has not identified the customer that canceled the order, potentially worth more than $2 billion. DAE representatives were not immediately available to comment. Get the full story »
Oil prices fell Friday after the government reported a sharp drop in the unemployment rate, which helped boost the dollar against foreign currencies. Get the full story »
Designer Kenneth Cole. (Reuters)
Fashion house Kenneth Cole Productions became the target of the Internet’s collective wrath after the company’s namesake chairman tweeted a promotion that joked about this week’s escalating protests in Egypt.
The controversy began after the official Kenneth Cole company twitter account posted the tweet at around 10:30 a.m. ET, Thursday: “Millions are in uproar in #Cairo. Rumor is they heard our new spring collection is now available online… -KC.“ The post included a link to the company’s online store. Get the full story »
Boeing Co. and EADS launched dueling advertising campaigns on Thursday as the companies’ bitter battle to capture U.S. refueling aircraft orders valued at up to $50 billion neared another pivotal point.
Boeing and Airbus parent EADS must submit their final proposal revisions, also known as “best and final offers” for 179 new aerial tankers by Feb. 11 after separate meetings with U.S. Air Force officials on Monday, Feb. 7. Get the full story »
