Boeing Co. (NYSE:BA) has put a third assembly line for its 787 Dreamliner at its factory in Everett, Washington online, which should help move the jet’s production rate to 10 each month by the end of 2013, according to the Wall Street Journal.
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Bank of America Corporation (NYSE:BAC): Dallas Federal Reserve President Fisher wanted to boost his opposition to further monetary stimulus by releasing a paper authored by a well-known economist who is critical of ultra-easy policy, according to Reuters. Fisher said the 45-page paper is “most illuminating”, and called particular attention to its point that easy money is ineffective at spurring growth and in fact hurts the economy as it can prompt governments to follow such “imprudent behavior” patterns as excessive borrowing.
Cisco Systems, Inc. (NASDAQ:CSCO) and Alstom Grid have reached a commercial and technology arrangement through which the next generation of digital substation solutions for electrical grids may be developed. This partnership uses Alstom’s smart grid expertise in digital substation solutions along with Cisco’s leadership in connected grid solutions and Internet Protocol, communication technologies. The two firms together should reach a solution that further supports the industry’s grid modernization endeavors.
Chevron Corp. (NYSE:CVX) is reportedly hoarding the money it takes in from oil and gas operations, which is now causing investors to wonder if the company is getting ready for a spike in costs, or if it will use its $21 billion in cash to acquire a smaller rival, according the Wall Street Journal.
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