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BUSINESS
March 28, 2013 | By Stuart Pfeifer
Divorce can hurt the pocketbook in ways that some people don't expect. Lost income, child support, spousal support all hurt. But there are other ways that divorce affects finances, said Samantha Fraelich, vice president of Bernard R. Wolfe & Associates, a Chevy Chase, Md., wealth management firm. Here are five of them: Legal expenses: Be prepared to spend thousands of dollars on legal expenses, even if the divorce is amicable. If it's contested, expect to spend much more.
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BUSINESS
February 20, 2013 | By W.J. Hennigan
Japan's investigation into a burning lithium-ion battery aboard a Boeing 787 Dreamliner flight found it was improperly wired, according to an Associated Press report . The country's Transport Safety Board had been looking into the circumstances that led the All Nippon Airways flight to make an emergency landing in southwestern Japan. All 137 passengers and crew were evacuated from the aircraft and slid down the Dreamliner's emergency slides. Video of the event captured by a passenger has been viewed worldwide.
BUSINESS
February 21, 2013 | By W.J. Hennigan
With the Boeing 787 Dreamliner fleet grounded by the Federal Aviation Administration, United Airlines said it is keeping the beleaguered aircraft off its flight schedule through June 5. “We are taking the 787 out of our schedule through June 5, except for Denver-Narita, which will tentatively launch on May 12,” said Christen David, a spokeswoman for the airline. United, the only U.S. carrier that has 787s in its fleet, has six of the planes. Boeing has delivered 50 787s to eight airlines worldwide.
BUSINESS
February 6, 2013 | By W.J. Hennigan
Japanese carrier All Nippon Airways said the grounding of Boeing Co.'s 787 Dreamliner jet has affected more than 100,000 passengers and resulted in the cancellation of more than 1,200 flights. The airline, which has 17 of the new planes, made the disclosure late Tuesday. All Nippon's admission provides a snapshot into how business has been disturbed for airlines that fly 787s. The aircraft has been grounded around the world since Jan. 16 after a series of incidents and high-profile fires, involving its onboard electrical systems and lithium-ion batteries.
BUSINESS
July 14, 2013 | By Ronald D. White
San Francisco-based Wells Fargo & Co. topped the ranks of corporate giving in 2012, climbing ahead of Wal-Mart Stores Inc., according to a new survey of 100 companies released Sunday by the Chronicle of Philanthropy . Wells Fargo gave away $315.8 million in cash last year, according to the survey, "increasing its giving to support a new program that provides down-payment assistance to home buyers in neighborhoods with high foreclosure rates....
BUSINESS
February 15, 2013 | By W.J. Hennigan
After ongoing lithium-ion battery problems grounded the worldwide fleet of Boeing Co.'s 787 Dreamliners, European rival Airbus has scrapped plans to use the technology on its new jet. The A350 XWB wide-body passenger jets will instead use “the proven and mastered” nickel cadmium main batteries, the company said Friday. “Airbus considers this to be the most appropriate way forward in the interest of program execution and A350 XWB reliability,” the company said. The A350 XWB, set to enter service in 2014, seats 270 to 350 passengers in typical three-class layouts.
BUSINESS
May 15, 2013 | By W.J. Hennigan
Boeing Co. is working to regain confidence in its beleaguered 787 Dreamliner jet by giving people with safety concerns a chance to participate in a live video chat with the plane's chief product engineer. Around the world, all 787s had been grounded from Jan. 16 until late last month because of safety concerns with the plane's lithium-ion battery system. Now the Chicago company is working to regain the trust of the flying public. Boeing is hosting the live chat Thursday at 12:30 p.m. PDT on its website with Mike Sinnett, 787 vice president and chief project engineer, and Capt.
BUSINESS
March 15, 2013 | By Ricardo Lopez
Industrial production in the U.S. rebounded last month, rising 0.7% -- the most in three months -- with auto manufacturing leading the way, the Federal Reserve said Friday. Manufacturing output also rose in February, increasing by 0.8%. Last month's manufacturing output stands 2% higher compared with the same period a year earlier. "Growth has clearly picked up," Jim O'Sullivan, chief U.S. economist at High Frequency Economics, said in a note to clients. "This is another positive sign" for the economy in the January-March quarter.
BUSINESS
January 15, 2013 | By David Pierson
BEIJING -- Japan Airlines said it suspended operations of its Boeing 787 Dreamliner fleet Wednesday following the emergency landing of the same aircraft by rival All Nippon Airways Co. earlier in the day. "Japan Airlines operates every flight upon confirming that all safety standards have been met," the company said in a statement. "In view of the incident encountered by another airline involving the 787-8 aircraft today, Japan Airlines has decided to cancel the operations of its 787-8 aircraft scheduled for flights today to ensure safety.
BUSINESS
November 7, 2012 | By Hugo Martin
The number of flights canceled in preparation of the latest storm to hit the East Coast has jumped to more than 1,800. Meteorologists say the nor'easter storm bearing down on the East Coast won't be as damaging as Supertorm Sandy, which hit the region last week. But the latest storm will cut through the busiest airspace in the nation, primarily canceling flights in and out of Newark Liberty International in New Jersey, La Guardia and John F. Kennedy International in New York and Philadelphia International and Chicago's O'Hare International airports, according to the flight monitoring site Flightstats.com.
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