Herald staff
The Boeing Co. has received 15 orders for its luxury Business Jet in the past year, the company said, bringing the total number of planes ordered since it was introduced to 71.
The sales, worth about $560 million at list prices, were announced Monday at the National Business Aviation Association conference in New Orleans.
Meanwhile, in Paris Tuesday, Boeing rival Airbus Industrie announced that Qatar Airways became the first customer for its new corporate jetliner, with one plane and an option on another.
T-bill rates mixed: The Treasury Department sold $11 billion in three-month bills at a discount rate of 6.075 percent, the same rate as last week’s. An additional $10 billion was sold in six-month bills at a rate of 6.055 percent, up from 6.040 percent. The new discount rates understate the actual return to investors: 6.257 percent for three-month bills with a $10,000 bill selling for $9,846.40 and 6.333 percent for a six-month bill selling for $9,693.90. In a separate report, the Federal Reserve said Tuesday that the average yield for one-year Treasury bills, the most popular index for making changes in adjustable rate mortgages, edged down to 6.06 percent last week from 6.08 percent the previous week.
Tuesday’s prices: Gold sold for $270.50 a troy ounce, silver for $4.96 and platinum for $592.50.
Vitamin firms settle: Six foreign vitamin companies agreed to pay $335 million to settle a lawsuit accusing them of conspiring to fix prices. The companies will pay $305 million to 22 states — including Washington — the District of Columbia and Puerto Rico. As part of the settlement, some businesses will be eligible to participate in a $107 million claim fund.
