India’s SpiceJet has ordered five next-generation 737-800 and five 737-900ER jetliners, worth more than $700 million at list prices, the Boeing Co. said Monday. Boeing said SpiceJet, a discount airline that began flying last year with 737-800s, had optioned last year to order up to 10 737s. Delivery of the planes is scheduled to begin in late 2007. The 737-800 can seat 189 passengers, while the 737-900ER will carry an additional 26 people.
Here are the Top 10 car companies in the University of Michigan’s quarterly satisfaction ranking:
1. Toyota, 87
2. General Motors, 86
3. Honda, 86
4. Toyota-Lexus, 86
5. BMW, 85
6. Cadillac, 84
7. Hyundai, 84
8. Ford-Lincoln/Mercury, 83
9. DaimlerChrysler-Mercedes Benz, 82
10. GMC, 82.
Nastech Pharmaceutical Co. said it has begun testing a dose-ranging study of PYY3-36 nasal spray, which the Bothell company is testing as an anti-obesity drug. The object of the $400,000 study is to identify a dose or doses that would be appropriate for further study in a long-term clinical trial. A dozen obese patients will be tested with differing doses.
State Attorney General Rob McKenna has filed Washington’s second lawsuit under the state’s computer spyware act. The suit accuses four California-based corporations of installing software that takes control of a consumer’s computer by launching aggressive and persistent pop-ups that demand payment for a movie download service. If found liable, each defendant could be fined $100,000 per violation of the spyware act and $2,000 per violation under the consumer protection act.
PepsiCo Inc., maker of Pepsi, Gatorade and Frito-Lay snacks, named Indra K. Nooyi as chief executive officer, making her No. 2 among female CEOs at firms in the Fortune 500, which are ranked by revenue. She takes over Oct. 1. Nooyi, 50, was born in India and earned undergraduate and master’s degrees there. She replaces Steven Reinemund.
The Treasury Department auctioned $17 billion in three-month bills at a discount rate of 4.98 percent, down from 4.99 percent last week. Six-month bills were auctioned at a discount rate of 5.03 percent, up from 4.99 percent last week. The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,874.12 while a six-month bill sold for $9,745.71. The Federal Reserve said Monday that the average yield for one-year Treasury bills, a popular index for making changes in adjustable rate mortgages, edged down to 5.09 percent last week from 5.1 percent the previous week.
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