French government cuts stake in Airbus

PARIS — The French state has cut its stake in Airbus parent company EADS to 12 percent after the latest sale of shares, the second this month.

France’s finance ministry said Friday that it raised $925 million through the sale of 17.6 million EADS N.V. shares on Thursday. Together with the 12 million shares it sold April 16, the government has raised 1.19 billion euros selling EADS shares this month.

The share sales were announced in December as part of a deal to bring the French and German governments’ stakes to 12 percent each, while Spain would hold about 4 percent. Meanwhile, private sector investors Daimler AG of Germany and France’s Lagardere SCA have sold their own stakes.

More in Herald Business Journal

Voters are on the sidelines as the port fills a vacant seat

Troy McClelland resigned from the Port of Everett commission too late for an election before 2019.

Don’t rely just on productivity measurements to value a worker

The controversies swirling around the productivity data at the national level are… Continue reading

In space capsules today, little room but big improvement

Boeing and SpaceX are relying on a tried-and-true design as they each develop new spacecraft.

First Boeing KC-46 delivery to Air Force slides into 2018

Certification milestones have been missed, and problems have emerged in flight test, a source says.

SEC reveals hack, possibility info was used for trading

The regulatory agency said the hack was discovered last year.

Newest must-try eatery: 85°C Bakery Cafe in Lynnwood

The popular bakery, part of a Taiwan-based chain, is already drawing out-the-door crowds.

Snohomish County tax liens

Tax liens are gathered from online public records filed with the Snohomish… Continue reading

Trudeau: Canada could stop dealing with Boeing over dispute

Boeing had petitioned the U.S. to investigate government subsidies of Bombardier’s CSeries aircraft.

Toys ‘R’ Us files for bankruptcy but keeps stores open

Retailers of all kinds are struggling. Toys ‘R’ Us is among at least 18 other bankruptcies this year.

Most Read