FAA OKs plan
to fix batteries
Boeing’s plan to redesign the 787 Dreamliner’s fire-prone lithium-ion batteries won approval Tuesday from the Federal Aviation Administration, which also will require extensive testing before it will allow the grounded planes to fly passengers again.
more job openings
U.S. employers advertised more job openings in January, suggesting that hiring will remain healthy in coming months. Openings rose 2.2 percent in January from December, to 3.69 million, the Labor Department said. They had fallen nearly 5 percent in December and remain below November’s level of nearly 3.8 million.
hungry for more
The new buyers of Twinkies have developed a sweet tooth for other Hostess-brand snack cakes. Apollo Global Management and Metropoulos & Co., which made a joint offer to snap up the famous cream-filled cakes, have entered the contest to buy Drake’s, which include Devil Dogs. The fresh offer poses a challenge to McKee Foods, the maker of Little Debbie cakes. Hostess had picked McKee’s $27.5 million offer as the "stalking horse" bid for Drake’s that set the floor for an auction Friday.
Google fined for
Google will pay a $7 million fine to settle a multistate investigation into a software program that enabled the Internet search leader to intercept emails, passwords and other sensitive information sent several years ago over unprotected wireless networks. The agreement covers 38 states, where households and merchants unwittingly had communications snatched.
Stock mutual funds continued to attract investor cash in February, but at a slower pace than in January. Bond funds also drew new money, putting the industry on track to set a quarterly record for overall fund flows. Strategic Insight said a net $6 billion was deposited into U.S. stock funds last month.Next Page >
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