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GE (GE)

GE Healthcare, Intel Corporation and Mayo Clinic are investigating a new model of health care delivery for patients at increased risk of rehospitalization that is designed to meet patients’ needs where they are, including in their homes.
Mayo Clinic will conduct a yearlong research study to determine if home monitoring of patients with chronic diseases, using Intel’s remote patient monitoring technology, will reduce hospitalizations and emergency department (ED) visits. This study reflects the commitment of GE Healthcare, Intel and Mayo Clinic to develop new patient-centered delivery care models. With the numbers of seniors expected to rise dramatically and increasing numbers of patients experiencing chronic disease, the current focus on face-to-face clinic interaction with the provider is not a sustainable delivery model. Technology could enable new care models to help rein in costs and improve patient outcomes through personalized care and ongoing disease management at home and in the community.

Feb 24 · 12:12:00 AM · Source: Company Press Release
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by Michael Oliveto

Boeing (BA)

Boeing says one of its new 787s made an unplanned landing because an engine lost thrust unexpectedly.
Pilots landed at the airport in Moses Lake in central Washington on Friday. It had taken off from Boeing Field near Seattle. Boeing says the plane had an "uncommanded loss of thrust" in one of its two engines. Boeing spokesman Jim Proulx (PROO) says the 787 can fly on one engine, but it’s normal procedure to land when there’s an engine problem.

Feb 24 · 12:09:00 AM · Source: ONN
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by Michael Oliveto

GE (GE)

GE is looking for up to 50 new suppliers in metro Detroit to make about $25 million worth of parts for home appliances.
GE is expected to hold a procurement fair in late March or early April to interview and select suppliers. Many of the 200-300 manufacturers invited will be former automotive parts makers looking to diversify. Last June, GE Chairman and CEO Jeff Immelt announced that GE would invest $100 million and create 1,100 jobs at its new center for advanced manufacturing technology and software in Van Buren Township.

Feb 24 · 12:07:00 AM · Source: Michigan Business
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by Michael Oliveto

Boeing (BA)

A key House Republican plans to press Navy leaders this week on the Pentagon's apparent reluctance to enter into a multiyear deal with Boeing for F/A-18 aircraft, arguing that the costs saved are worth the risks of a long-term financial commitment.
Armed Services Seapower Subcommittee ranking member Todd Akin, R-Mo., whose district is near Boeing's defense headquarters in St. Louis, last year succeeded in attaching language to the defense authorization bill that would allow the Navy to pursue a multiyear deal for the F/A-18E/F Super Hornet fighters and E/A-18G Growlers, electronic attack aircraft built with the same airframe. But on Feb. 3, Defense Secretary Robert Gates rejected the idea during testimony before the House Armed Services Committee, stating that the multiyear deal would cut only 6.5 percent off the price of each of the Boeing Co. aircraft -- far less than the 10 percent savings threshold that is customary for such long-term commitments.

Feb 24 · 12:04:00 AM · Source: Government Executive
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by Michael Oliveto

GE (GE)

GE signed a Memorandum of Understanding (MOU) with the Government of Pakistan today to help promote the modernization of Pakistan’s infrastructure and economy. The agreement focuses on the development of Pakistan’s energy resources to meet projected demand of 54,000 megawatts by the year 2020.
According to the MOU's terms, GE will assist the Government of Pakistan in achieving its goals by engaging in Pakistan's energy, transportation and water sectors and will work to identify potential sources of funding and explore potential investment opportunities in those sectors.

Feb 24 · 12:02:00 AM · Source: Company Press Release
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by Michael Oliveto

Boeing (BA)

Boeing will lay off 527 employees in the Puget Sound area by April 23, most of them from its Engineering, Operations and Technology unit.
The layoffs, detailed by Boeing in a WARN (Worker Adjustment and Retraining Notification Act) notification, are part of a larger group of 1,020 workers companywide who received layoff notices on Friday. The layoffs are part of a 10,000-person force reduction plan announced last year by Boeing CEO Jim McNerney.

Feb 23 · 11:57:00 PM · Source: MSN Money
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by Michael Oliveto

Boeing (BA)

The former director of marketing at the Boeing Helicopters Credit Union in Ridley, PA, and his brother were sentenced Monday on charges of conspiracy, loan fraud and bank bribery.
Anthony Forte, 43, of Glen Mills, Pa., who was also an executive vice president at the credit union, was sentenced to 28 months in prison and ordered to pay $1.26 million in restitution, according to the U.S. Attorney’s Office in Philadelphia. His brother, David Forte, 39, of Prospect Park, Pa., was sentenced to one day in prison and ordered to pay $178,445 in restitution. His sentence took into account the fact that he has been diagnosed with a malignant brain tumor, the U.S. Attorney’s Office said.

Feb 23 · 8:40:00 PM · Source: Philadelphia Business Journal
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by Michael Oliveto

FedEx (FDX)

With the aim of capturing growing demand for air transport of added-value products and expanding their business in China, FedEx Corp (NYSE:FDX) earlier this year started flying Boeing Co.'s B777 Freighter between Memphis International Airport, Tennessee and Pudong International Airport in Shanghai, China becoming the first to tap this fast and fuel efficient aircraft for a regular route, according to TradingMarkets.com. With capacity of 81 tons, over 6 tons more than the MD11, the firm's main cargo airplane, the B777 can also fly faster, allowing FedEx to delay collection times by two hours.
FedEx has a rich business history in China, with more than 25 years of experience serving customers shipping to and from this fast-growing market. FedEx currently employs more than 7,000 employees in China and serves 400 cities throughout the country. FedEx Express is also approaching the one-year anniversary of its new Asia Pacific hub in Guangzhou, China, opened on February 6, 2009.

Feb 23 · 10:32:00 AM
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by Steve Wieczorek

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