Business

August 9, 2014

Business Notebook

Following all the sales activity at the Farnborough International Airshow last month, Boeing ended July with a commanding lead over European rival Airbus in both jet orders and deliveries. Boeing booked 324 orders in July, the largest sales figure it has ever booked in a single calendar month, giving the jet maker a total of 823 net orders so far this year. Airbus has 705 net orders through July.

Nation & World

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Following all the sales activity at the Farnborough International Airshow last month, Boeing ended July with a commanding lead over European rival Airbus in both jet orders and deliveries. Boeing booked 324 orders in July, the largest sales figure it has ever booked in a single calendar month, giving the jet maker a total of 823 net orders so far this year. Airbus has 705 net orders through July.

But the disparity is greater than those top-line numbers suggest, because Boeing has an extensive lead in sales of the bigger and much more expensive widebody jets. Boeing has booked firm orders for 273 widebody jets. That included two blockbuster orders from Gulf carriers Emirates and Qatar for a total of 200 of the new 777-9X jets – deals that had been announced last fall but were made firm only in July.

In another boost for Boeing, data released Thursday by the company shows that United Airlines traded up a previous order for seven 787-8 Dreamliners for seven of the larger, more expensive 787-10s, which will be built exclusively at its North Charleston factory.

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U.S. stocks closed higher as investors were relieved by reports of easing tensions between Ukraine and Russia Friday. News reports said Russia had ended military exercises near Ukraine.

The Dow Jones industrial average rose 185 points, or 1.1 percent, to close at 16,553. The Standard & Poor’s 500 index rose 22 points, or 1.2 percent, to 1,931. The Nasdaq composite rose 35 points, or 0.8 percent, to 4,370. The gain in the S&P 500 was the biggest since Mar. 4 and turned the index higher for the week.

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Attorneys general from more than two dozen states want federal regulators to impose restrictions on electronic cigarettes, including a ban on the more than 7,000 flavors now available.

In a letter Friday to the Food and Drug Administration, they say limits on advertising and prohibiting flavors besides tobacco and menthol will help protect minors. New York Attorney General Eric Schneiderman says that while they contain no tobacco, e-cigarettes have all the same addictive qualities as regular cigarettes.

In April, the federal agency proposed treating e-cigarettes as tobacco products, putting them under its regulatory control. Cigarette maker Altria says the FDA should determine appropriate product standards and marketing restrictions based on science and evidence, respect adult consumer preferences and not automatically apply cigarette restrictions to e-vapor products.

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McDonald’s Corp., the world’s biggest restaurant chain, said sales at stores open at least 13 months fell 2.5 percent in July as a U.S. slump continued for the third straight month and a food scare in Asia hurt results.

Analysts estimated a 1.1 percent global decline, the average of 12 projections from Consensus Metrix. Sales fell 3.2 percent in the United States and 7.3 percent in Asia Pacific, the Middle East and Africa, the Oak Brook, Illinois-based company said in a statement Friday. Both drops were bigger than analysts estimated.

McDonald’s, which gets about 32 percent of revenue from domestic locations, has struggled to attract Americans this year as new chains lure away customers and established rivals introduce cheaper food deals. McDonald’s also has recently faced sales trouble in China, where one of its suppliers was investigated for altering expiration dates on food.

The Seattle Times, The Associated Press and Bloomberg News contributed.

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