| HeraldNet - Snohomish County's online news source |
 WEDNESDAY, FEBRUARY 10, 2010 3:12 am |
||||||||||
 |
||||||||||
|
||||||||||
|
||||||||||
|
|
||||||||||
|
|
||||||||||
Business 
|
||||||||||||
Boeing begins work on new 787 plant Work has started on building Boeing's $750 million aircraft assembly plant in South Carolina — the largest industrial investment in state history. Multiple media outlets reported that ceremonial shovels full of dirt were scooped Friday at the site near the Charleston International Airport, where Boeing will assemble its 787 jetliners. The company last month chose North Charleston over Everett for the second 787 production line, but Boeing's commercial airplane division president, Jim Albaugh, says the production line should still provide more jobs to Washington, too. The South Carolina plant is expected to create 3,800 jobs within seven years and construction will mean another 2,000 jobs.Shippers to raise rates for 2010 UPS Inc., the world's largest shipping carrier, is hiking 2010 rates for ground packages by an average of 4.9 percent. The company, based in Atlanta, said Friday there also will be an average net rate increase of 4.9 percent next year on all air express and U.S. origin international shipments. The rate increase for air express and international shipments is based on a 6.9 percent increase in the base rate, less a 2 percent reduction in the air and international fuel surcharge index. Also, fuel surcharge tables for air express and ground services will be adjusted. UPS said the changes will better align air and ground fuel surcharges and will substantially reduce the volatility of air surcharges when fuel prices fluctuate. The new rates take effect on Jan. 4. Rival FedEx Corp., based in Memphis, Tenn., said in September that it will raise express shipping rates an average of 5.9 percent in January. JP Morgan drops binding arbitration JPMorgan Chase & Co. said Friday it is dropping a clause from its credit card contracts that required disputes with customers to be handled through binding arbitration, a move that could lead to consumers filing class-action and other lawsuits. A spokesman for the New York-based bank's Chase Card Services unit confirmed the change after a law firm that sued banks over arbitration clauses announced a tentative settlement with JPMorgan Chase. Chase decided to stop sending credit-card disputes to arbitration in July, and now will remove the arbitration clause, officials said. Hershey may bid to buy rival Cadbury The Wall Street Journal reports that Hershey Co. may make a $17 billion competing bid for UK candy company Cadbury. The newspaper says the bid wouldn't be ready for two weeks and terms “are in flux,” but it could top the $16.5 billion offer by Kraft Foods Inc. The Journal said people familiar with the offer say the charitable trust that controls Hershey Co. is prodding CEO David West to beat Kraft's offer and that Hershey could offer $10 billion itself plus $2 billion in new Hershey shares and $3 billion to $5 billion from investors. From Herald news services |
- Sorry, Hawkeye; M*A*S*H gets bowled over
- Former Whidbey student shot
- County archive software paid for but waiting for set-up
- Ruling expected on Sultan beating statement
- ‘Roadkill’ caucus seeks a voice for centrist Democrats
- Police seek witnesses in two accidents
- PAWS calls out for critter care-givers
- Boeing has a busy test schedule
- Ex-Boeing engineer jailed for espionage
- Morning mystery: What happened to House Bill 3181?
- Lynnwood sets height limit on grass: 8 inches
(10) - State Senate votes to toss I-960's tax-raising hurdle (9)
- School levies in Snohomish County all passing, Marysville bond failing (6)
- A tidy lawn could be law in Lynnwood (4)
- Vote on school levies by Tuesday (3)
- Two suspects sought in Everett shooting that injured two (3)
- County archive software paid for but waiting for set-up (3)
- Snohomish County's bargain housing won't last (2)
- Reader poll: Should the WIAA add lacrosse as a sanctioned sport? (2)
- Two suspects sought in Everett shooting that injured two (2)
- Jackson girls outlast Meadowdale owdale
- OBT raises barre in children’s program
- Junior firefighters
- School levies passing
- Mavericks topple Wolfpack
- Get a second look at Second City Feb. 13
- Sports Briefs
- Warriors advance 11 to regional meet
- Arlington's Cascade Valley Hospital celebrates expansion, national award and 100 years of service
- Business Licences Feb. 2010
- Technology tips for launching your own business
- Business Events Feb. 2010
- Tech Talk: No excuse today for going without a Web site
- State already raising fees and rates that restrict business growth
- Some legislators again targeting people’s initiative petition rights
|
 
|
|
|
|
| TODAY'S TOP JOBS |
| View All Top Jobs |
| Top Cars |
|
| Top Homes |
|
|
ADVERTISEMENT |
|
|
|Contact Us
|Advertiser Services
|Home Delivery
|Newsstand Locations
|Classifieds
|Feedback
|About the Company
|Work@the Herald
|Site Map |
|
COMMENTS
Log in or register to post a new comment.
To read other terms and conditions, click here
When do thy break ground for the one in Shanghai?
K Dog | Nov 21, 2009 6:40 am | 0 replies | Request removal
Post reply