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Canadian Prime Minister Stephen Harper speaks with media during a closing news conference at the G20 Summit in Cannes, Friday November 4, 2011.
Boeing’s surprise musical guest: Steve Miller
Boeing is treating its Everett employees to a surprise musical performance by Steve Miller.
The performance is part of a celebration for the 747-8 team, according to Boeing on Twitter.
In September, Boeing had planned to hold a celebration with 747 employees when it delivered the first 747-8 freighter to its launch customer, Cargolux. But Cargolux initially balked at taking delivery of the freighter over contractual issues. Cargolux finally accepted delivery of the first 747-8 freighter last month, but Boeing canceled the employee party and surprise musical guest performance.
Steve Miller’s Jet Airliner song might have been one of the reasons that Boeing asked him to visit. Read all post…
P&G Thailand cheery about future
Procter & Gamble Manufacturing (Thailand) Co, the leading consumer product maker, is confident about allocating more investment to its production lines next year.
Managing director Raul Falcon says the company was already using 100% of production capacity at its factory in Wellgrow Industrial Estate in Chachoengsao province. It will consider investing more in production expansion next year to support the continuing growth of its business in Asia.
Though consumer purchasing power is forecast to drop next year as home repairs and renovations take priority, P&G Thailand expects the difficult period to be short-lived.
“I’m still optimistic about the restoration and rebuilding after the floods, and it will not take a long time for Thailand to recover,” Mr Falcon said.
He also noted that more than half of the total capacity at the Wellgrow factory serves export markets.
Citing a lack of support, Onorato yanks proposed UPMC bond
Allegheny County Executive Dan Onorato withdrew legislation today that had it passed would have allowed UPMC to borrow up to $335 million through the county financing authority.
A spokeswoman for Mr. Onorato said today that Mr. Onorato pulled the bond legislation in response to inadequate support for the measure on county council.
Council’s economic development and housing committee had recommended approving the borrowing, but council President Jim Burn last week sent the proposal back to that committee for further study.
The matter had been scheduled for discussion before the committee this afternoon.
UPMC, the region’s largest medical care provider, has come under fire from members of council and from many community leaders over its refusal to bargain on a new contract with Highmark, the region’s largest health insurer.
Oppenheimers leave the diamond race with $5bn sale
South Africa’s Oppenheimer dynasty ended on Friday, a century in the diamond business which shaped the region, selling their 40% of De Beers to global miner Anglo American for $5.1-billion. Read all post…
Banks closed in Neb, Utah; 87 failures in 2011
WASHINGTON (AP) — Regulators on Friday closed a small bank in Nebraska and another in Utah, bringing to 87 the number of bank failures in the U.S. this year.
The number of closures has fallen sharply this year as banks have worked their way through the bad debt accumulated in the recession. By this time last year, regulators had shuttered 143 banks.
The Federal Deposit Insurance Corp. s
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