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BUSINESS
April 23, 2013 | By W.J. Hennigan, Los Angeles Times
The National Transportation Safety Board began a two-day investigative hearing in Washington into a fire that broke out on Boeing Co.'s 787 Dreamliner passenger jet because of overheating in its lithium-ion battery systems. The NTSB still hasn't found a root cause of the fire that occurred Jan. 7 at Boston's Logan International Airport. Ahead of the hearing Tuesday, the board issued hundreds of pages of documents that show five years of history in the development and design approval of the battery system.
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BUSINESS
March 28, 2013 | By Stuart Pfeifer
This has been a bad couple of months for Boeing Co.'s 787 Dreamliner, but not for the company's stock price. Despite the January grounding of the Dreamliner by the Federal Aviation Administration, investors drove up shares of the aircraft maker to territory it had not seen since 2008. Boeing stock is up about 14% this year. FULL COVERAGE: Boeing's troubled Dreamliner The upswing has been fueled by confidence that the Dreamliner will soon be cleared to resume passenger flights, a move that would allow Boeing to deliver 787s to carriers worldwide.
SPORTS
March 28, 2013 | By Andrew Tangel
NEW YORK -- The broad Standard & Poor's 500 index broke a half-decade-old record, another sign of stocks' continuing rally this year. The S&P 500 added 6.34 points, or 0.41%, to 1,569.19 Thursday, the last trading day of the first quarter. The S&P 500 fell short of its all-time intra-day high of 1,576.09, however. The index reached its previous all-time closing of 1,565.15 on Oct. 9, 2007, only weeks before the Great Recession officially began. The next year's financial crisis led the stock market to its low in March 2009.
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.
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
March 15, 2013 | By W.J. Hennigan
With a new plan to fix the problem-plagued lithium-ion battery systems on its grounded 787 Dreamliner passenger jets, Boeing Co. said the fleet should be airborne again within weeks. The aerospace giant's plan to fix to the 787 battery system involves insulating and spacing out parts, reducing charging levels so the battery cannot be overcharged and enclosing the lithium-ion batteries in stainless-steel cases so very little oxygen can get at them. FULL COVERAGE: Boeing's troubled Dreamliner Boeing revealed its planned fixes Friday morning in Tokyo (Thursday night Pacific time)
BUSINESS
March 14, 2013 | By W.J. Hennigan
Boeing Co. said its planned fixes for the issues with its lithium-ion battery systems on the 787 Dreamliner passenger jet removes any related risk of a fire breaking out.   Speaking to reporters from Tokyo, Boeing officials addressed concerns about its new flagship jet, which has been grounded worldwide since Jan. 16 after two incidents within two weeks involving the battery systems. FULL COVERAGE: Boeing's troubled Dreamliner Boeing's plan to fix to the 787 battery system involves insulating and spacing out parts, reducing charging levels so the battery cannot be overcharged and enclosing the lithium-ion batteries in stainless-steel cases so very little oxygen can get at them.
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 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 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.
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