The World Trade Organization will give the public a glimpse Thursday into the dispute between the U.S. and the European Union over subsidies to rival aircraft makers Boeing Co. and Airbus. The hearing, which actually takes place today, focuses solely on European government payments to Airbus. European critics have said that the U.S. subsidizes Boeing through military contracts.
Honda to build Civics in Indiana
Honda Motor Co. will build Civics at its new $550 million vehicle assembly plant in Indiana, a company official said at a groundbreaking ceremony on Monday. The Japanese automaker has said the Greensburg plant will employ about 2,000 people when it opens in fall 2008.
Intermec again delays results
Intermec Inc. has postponed for the second time its filing of 2006 financial results. The Everett-based maker of mobile computers and inventory-tracking technology said it needs more time to finish a year-end audit. It hopes to file its required information as soon as the audit is done.
San Diego firm buys Thriva LLC
The Active Network Inc. has acquired Thriva LLC, a Bothell-based maker of online management and event registration software. Thriva’s local office, which employs about 65 people, will stay open, said a spokeswoman for The Active Network, based in San Diego. Thriva, whose technology also is used to organize and manage business conferences and meetings, has clients including Stanford University and the United Nations. The Active Network specializes in technology aimed at community service and participatory sports.
Gates promises job training in Colombia
In his first trip to violence-wracked Colombia, Bill Gates said Microsoft Corp. was helping set up computer learning centers in areas where demobilized paramilitary fighters are in dire need of job training. Given the low Internet penetration in Latin America, he said, the software company’s focus for getting people online in the region is to promote computer centers in libraries. The company said it was donating $1 million over three years to set up nine training centers.
T-bill rates fall in Monday auction
The Treasury Department auctioned three-month bills Monday at a discount rate of 4.93 percent, down from 4.965 percent last week. Six-month bills were auctioned at a discount rate of 4.91 percent, down from 4.92 percent last week. For a $10,000 bill, the three-month price was $9,875.38 while a six-month bill sold for $9,751.77. Separately, the Federal Reserve said Monday that the average yield for one-year Treasury bills, a popular index for changing adjustable-rate mortgages, edged up slightly to 4.93 percent last week, compared to 4.92 percent the previous week.
From Herald staff and news service reports
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