Spirit net income rises in Q2

Spirit AeroSystems Inc. reported Tuesday that net income in the second quarter rose to $55 million, compared to the $8 million loss in net income the company reported in the second quarter of 2009.
Revenues at the Wichita-based aircraft supplier dipped slightly year over year, down to $1.056 billion from $1.06 billion
Earnings per share rose to […]

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Sound off! Opposing views on proposed income tax in Washington

Should the wealthiest Washington residents pay an income tax to fund education and health care improvements in the state?
There are two opposing sides to the idea, and both sides submitted recent opinion pieces to the Puget Sound Business Journal.
Last week, Bill Gates Sr. co-authored a pro-income tax opinion, in which he proposes the state should […]

The free credit score industry has been booming since the recession as a lot of people hit hard times and want to keep an eye on how the recession has affected their credit standing.

Sony pursues success to match its scale

NAGOYA, Japan — The airy new Sony store in this central Japanese city has floor-to-ceiling windows, sleek white counters and friendly employees, called stylists, who offer advice and tailored counseling on Sony gadgets.
“It’s just like the Apple store,” laughed Yuka Hara, 23, a publishing company employee who was one of thousands of […]

Financial ‘storm’ dampens United Insurance

United Insurance Holding Corp. said state mandates and reinsurance rate hikes pulled down earnings in the fourth quarter and full year of 2009.
For the fourth quarter, United Insurance reported a net loss of $1.2 million, or 11 cents a share, compared with net income of $6.8 million, or 65 cents a share, during the fourth […]

N.Z. Manufacturing Sales Increase Most in 7 Years

New Zealand manufacturing sales increased the most in more than seven years in the fourth quarter, led by higher production in the meat industry.
Sales volumes adjusted to remove inflation rose 3.1 percent from the previous three months, when they fell a revised 1.7 percent, Statistics New Zealand said in a statement in Wellington […]

‘Brake override:’ The fix Toyota should have had

There’s one safety feature that Toyota could have had in its cars for years that would have stopped many, perhaps even most, cases of unintended acceleration — it’s called ‘brake override.’
Toyota has been saying for several weeks that it will add the feature to all of its new cars, and singled out the technology […]

TSX higher on commodities

The Toronto stock market built on the solid gains of the previous session Tuesday morning thanks to a small upswing among mining stocks.
The S&P/TSX composite index was up 36.3 points to 11,903.2 after strong manufacturing data from the U.S. and China raised commodity prices and lifted the main index 121 points.
The Canadian dollar […]

Ministers meet for pension crisis talks

OTTAWA–With nearly a third of all Canadian families lacking any pension savings, Finance Minister Jim Flaherty and his provincial counterparts are hoping in the next few days to find new ways to keep seniors from winding up in poverty. While the gathering in Whitehorse on Thursday and Friday is far too short to solve […]

Spending wisely is key to happier holidays

As long as we are doing it this year, why not do it always?
"This year, it all comes down to value and getting the best bang for your shopping dollar," said Tod Marks, senior editor of Consumer Reports.
He was referring to a survey by the magazine showing nearly two-thirds of Americans […]

U.S. restaurants turn to wines for sustenance

Morton’s, an expense account steakhouse, and California Pizza Kitchen, an upscale U.S. pizza chain, are going against the grain with their wine strategies in a bid to reap revenue from the vine.
Morton’s Restaurant Group Inc is taking advantage of the wine glut and auctions to restock its cellars, even as most white tablecloth restaurants […]