Business News Archive - May 03, 2009

New York Times Co. has given unions at The Boston Globe through the weekend to agree to $20 million cuts or face closure, media sources said. Times Co.

CHARLOTTE, N.C., May 3 /PRNewswire-FirstCall/ -- David J. Dzuricky, Senior Vice President and Chief Financial Officer for Piedmont Natural Gas (NYSE: PNY) will speak at the American Gas Association Financial Forum in Las Vegas, Nevada, on May 4, 2009, at 1:30 p.m. Eastern Time.

EVERETT, Wash., May 3 /PRNewswire-FirstCall/ -- The Boeing (NYSE: BA) 787 Dreamliner that will fly later this quarter has moved to the flight line. Fuel testing -- the first in the next phase of extensive checks the airplane must undergo -- will begin in the next few days.

The chief executive of Fiat SpA will outline plans this week in Berlin for joining with Chrysler LLC and General Motors Europe, analysts said. The Financial Times reported Sunday that Fiat Chief Executive Officer Sergio Marchionne is expected to announce Monday plans to create a new publicly traded European car company.

SAN DIEGO, May 3 /PRNewswire-USNewswire/ -- The Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), announced the culmination of a six-month, multi-agency undercover operation yesterday, resulting in the arrest of 21 suspects and the recovery of 44 firearms from local gang members.

The largest U.S. banks are solvent and losses are manageable, an administration official said in advance of the release of a report on the banks' health. Results of stress test on the banks are due to be released Thursday.

HONG KONG, May 4 /PRNewswire-Asia-FirstCall/ -- Despite the financial crisis, demand for 'green' products continues to spur growth in China's lighting and electrical export industry.

Word of the Day
  • Large; stout; burly.
The word 'bowerly' is an alteration of 'burly'.