Financial
Boeing to shift research jobs to South, Midwest PDF  | Print |  E-mail
Written by DAVID A. LIEB, Associated Press   
Friday, 13 December 2013 07:00

JEFFERSON CITY, Mo. (AP) — Boeing announced Thursday that it is shifting hundreds of jobs to Alabama, Missouri and South Carolina as part of a restructuring of its U.S. research operations over the next two years.

The Chicago-based aerospace company said the reorganization will result in fewer research jobs in Washington state and California and is being undertaken to better meet the needs of its commercial airplane, military and space and security units.

The announcement comes as those same states, and several others, are competing to assemble Boeing's 777X passenger plane — a much-sought-after facility that could generate thousands of jobs.

Boeing spokesman Daryl Stephenson said the restructuring of the company's research operations has been in the works for several years and is unrelated to the new airplane or Boeing's contract negotiations with a Seattle area machinists union.

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American Airlines orders 90 regional jets PDF  | Print |  E-mail
Written by Associated Press   
Friday, 13 December 2013 06:56

FORT WORTH, Texas (AP) — American Airlines, fresh out of bankruptcy and newly merged with US Airways, said Thursday that it will buy 90 new regional jets from Brazil's Embraer S.A. and Canada's Bombardier Inc. and use them to replace smaller, less fuel-efficient planes.

American senior vice president of regional carriers Kenji Hashimoto said the new planes will reduce operating costs and allow for first-class cabins, economy seats with more legroom that the airline sells for a premium and in-flight Internet service.

Financial terms were not disclosed. The Embraer planes carry a total sticker price of about $2.5 billion, although airlines routinely get discounts.

The airplane order was in the works long before this week's closure of American's merger with US Airways, which made it the world's biggest airline. In a regulatory filing Thursday, the new American Airlines Group Inc. said that including the new Embraer and Bombardier firm orders, it has committed $22.5 billion for new planes and engines.

American's last big order was in 2011, for 460 planes from Boeing Co. and Airbus.

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Feds try to smooth bumpy health care transition PDF  | Print |  E-mail
Written by RICARDO ALONSO-ZALDIVAR, Associated Press   
Friday, 13 December 2013 06:58

WASHINGTON (AP) — Anticipating more health care disruptions, the Obama administration Thursday announced a batch of measures intended to help consumers avoid lapses in their care and coverage as the president's overhaul takes effect in January.

Health and Human Services Secretary Kathleen Sebelius also announced a one-month extension of a special insurance program created by the law for people who cannot get coverage because of health problems. Scheduled to expire at the end of the year, the Pre-Existing Condition Insurance Plan will remain in place through January.

Some of the measures are binding, such as requiring insurers to provide coverage on Jan. 1 for any customer who pays by New Year's Eve. Others are recommendations, like urging insurers to let customers temporarily keep filling prescriptions covered by a previous plan.

The steps are the policy counterpart to the technical repairs that finally got the HealthCare.gov website working reasonably well. They're intended to help make sure anyone who needs and wants coverage by Jan. 1 can get it, even if they got trapped by website woes. That includes some of the more than 4 million people whose existing health individual health plans have been cancelled because the plans didn't meet the new law's requirements.

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Orange County Register owner plans daily LA paper PDF  | Print |  E-mail
Written by ANDREW DALTON, Associated Press   
Friday, 13 December 2013 06:55

LOS ANGELES (AP) — The parent company of the Orange County Register plans to expand with a daily paper in Los Angeles, looking to further stretch its regional reach to nearly all of Southern California.

The new, seven-days-a-week paper will be known as the Los Angeles Register, Freedom Communications CEO Aaron Kushner told The Associated Press on Thursday night, a few hours after announcing the move to his staff in the Orange County Register's newsroom.

Kushner didn't give many specifics about plans for the paper but said it will be launched "quickly" and will be widely distributed in print in Los Angeles County. The Register's story on the launch said it would come early next year.

Kushner said the paper will share Orange County Register content in sports and other areas with regional relevance, but he emphasized it will be a distinct entity with a Los Angeles office and a staff made up of existing Register employees and new hires.

"It will be the LA Register, not the Orange County Register," Kushner said in a phone interview. "We're not a national paper, we are a local community-building paper, so that means having local people in the community they're covering."

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