The Boeing Co. has completed an order with Korean Air for 25 jets valued at $5.6 billion at list prices. The order includes 10 777-300ERs, five 747-8 Freighters, five 777 Freighters and five Next-Generation 737s, along with options for eight additional airplanes – four 777-300ERs, two 747-8Fs and two 737-900ERs.
DaimlerChrysler to sell Chinese car
DaimlerChrysler AG’s Chrysler Group and China’s Chery Automobile Co. have agreed on a plan for the Chinese manufacturer to build small cars to be sold worldwide, Chrysler spokesman Jason Vines said Friday. Chery will build tiny cars known in the industry as “B-cars,” but it also may build something larger that would be supervised by Chrysler, Vines added.
Goodyear strikers approve contract
Approval of a new labor contract by striking Goodyear Tire &Rubber Co. workers was met with mixed emotions – from confidence from investors to apprehension from some workers who fear for the future of their jobs with the world’s third largest tiremaker. About 10,000 of 14,000 striking United Steelworkers members from 12 Goodyear plants in 10 states voted Thursday on the three-year agreement, which includes plans to close a Texas tire factory but creates a $1 billion health care fund for retirees.
Taiwan firm says storm damage rare
Taiwan’s largest telecom company said Friday it will not invest more in backup lines to protect against disasters like the recent earthquake that snarled telephone and Internet service across Asia, affecting service as far away as the United States. The quake, which damaged undersea cables off Taiwan on Tuesday, was so rare that there is no need to spend money on extra lines, said Wu Chih-ming, a senior official at Chunghwa Telecom Co., Taiwan’s largest telecommunications company.
Delta makes losses manageable
Delta Air Lines Inc. reported Friday its loss narrowed in November to $49 million, which analysts said may bode well for the nation’s third-largest carrier to fly solo when it emerges from bankruptcy. The news comes as Atlanta-based Delta is trying to fend off a hostile takeover bid from Tempe, Ariz.-based US Airways Group Inc. The November figure compares with a $181 million loss it posted for the same month a year ago, the company reported to bankruptcy court. Excluding reorganization items, Delta said its net loss for November was $12 million – still enough to raise some concerns among the investment community.
From Herald news services
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