Cargolux has ordered two 747-400 freighters from the Boeing Co. The Luxembourg-based cargo operation ordered the planes earlier this month, Boeing said on Friday. The deal is worth $450 million at list prices, but analysts said Boeing has been offering discounts of between 20 percent and 25 percent on 747 orders. Cargolux was one of the launch customers for Boeing’s updated 747-8. It will receive 10 of the jumbo jets starting in 2009. The 747-400s in the latest deal will be delivered in 2007 and 2008.
New bank appoints board of directors
Retired Everett banker Dale Lyski will be chairman of the board of the newly formed Mountain Pacific Bank. The Everett-based bank also has named its board of directors: attorney Richard Beresford, Westwood Forest Products owner Jim Bergh, Crown Distributing co-owner Gigi Burke, Gamut360 Holdings partner Bob Dobler, Alpha Subdivision Pro’s owner Dave Gardner, Safeco Insurance vice president Scott Murphy, Seattle Specialty Insurance Services owner Rick Pedack, Yukon Trading owner Morrie Trautman and accountant Mark Van Wingarden.
Boeing creates unit to oversee tankers
The Boeing Co. has created a new Precision Engagement and Mobility Systems unit to oversee development of aerial refueling tankers. The unit is part of Boeing’s Integrated Defense Systems division and will be overseen by Mark McGraw, a former vice president and program manager for Boeing’s Weapons Enterprise Capability Center in Missouri. Boeing is building KC-767 tankers for the Italian and Japanese air forces, and trying to sell them to the U.S. military.
EU says Microsoft still isn’t complying
The European Commission told Microsoft Corp. on Friday that it was “still not in compliance” with a 2004 antitrust ruling that ordered it to share information with rivals to make their software work with Microsoft servers. The EU has already threatened the company with $2.4 million in daily fines, backdated to Dec. 15, and said it will make its final decision after a hearing at which Microsoft will plead its case later this month.
California city utility agrees to pay Enron
The city of Santa Clara agreed to pay Enron Corp. creditors $36.5 million to settle a lawsuit over terminated electricity contracts with the city’s municipal utility, the two parties said Friday. Enron sued Santa Clara in 2002, claiming officials owed it $147 million for terminating two electricity contracts ahead of schedule. Santa Clara stopped paying Enron in December 2001 after the company stopped delivering the promised electricity. While Silicon Valley Power contended Enron ended the contracts, the utility settled to avoid further legal costs.
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