The Boeing Co.’s board of directors has approved a regular quarterly dividend of 44 cents per share, the company announced Monday. That’s an increase of about 5 percent from the previous quarterly dividend of 42 cents per share. The dividend is payable March 2, 2012, to shareholders of record as of Feb. 10, 2012.
EU questions Google’s Motorola purchase
European regulators have asked Google to provide more information about its proposed $12.5 billion acquisition of cell phone maker Motorola Mobility. The request is the latest sign that regulators in Europe and the U.S. are taking a hard look at the deal to ensure it doesn’t provide Google Inc. the means to stifle competition in the increasingly important mobile computing and advertising market.
Investors pull money from mutual funds
Investors again withdrew cash from stock mutual funds in November during another volatile month in the market. Industry consultant Strategic Insight said Monday that investors withdrew a net $16.1 billion from U.S. stock funds last month. It was the seventh consecutive month of net withdrawals. Since May, a net $113 billion has exited stock funds. Stocks finished November down less than 1 percent.
Early snowstorms ground many jets
There were 33 planes stuck on the ground for more than three hours in October, the most in a single month since a rule intended to limit long delays took effect last April. The government said Monday that every one of the extended delays occurred Oct. 29, when an early snow storm hit the Northeast. Seven of the flights were domestic, while 26 were international. October is the second month in which international flights were included in the tally. Most of the flights were headed to either New York’s JFK or Newark airports before being diverted to Bradley International Airport in Hartford, Conn. The planes were forced to divert because bad weather and equipment problems prevented them from landing at New York-area airports.
Cuts, but no tax hike planned in Greece
Greece will cut spending further but it won’t impose new taxes, its finance minister said Monday, adding that talks with international debt inspectors on a second rescue package were at a “difficult and critical” stage. Finance Minister Evangelos Venizelos said spoke after meeting in Athens with officials from the European Commission, the European Central Bank and the International Monetary Fund on how to keep his debt-strapped nation afloat. “It’s not a question of whether we can impose more taxes — we cannot. It is not a question of whether we must cut spending more — we must,” Venizelos said. “There is much more to be done.”
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