Daily Archives: February 12, 2019

CBS shareholders allege $200 million in insider stock sales

Some CBS Corp. shareholders are adding allegations to their lawsuit against the media conglomerate in the wake of accusations of sexual misconduct by former Chairman and CEO Les Moonves. In addition to arguing that shareholders were harmed by the comp...

By | 2019-02-12T22:23:38+00:00 February 12th, 2019|Media|

Mountain Brook to ask legislature to approve vote on property tax increase

Mountain Brook is the latest Birmingham suburb to make a move to raise property taxes to better fund its school system. The Mountain Brook City Council voted unanimously to request the state legislature call for a referendum on raising property taxes ...

By | 2019-02-12T20:40:28+00:00 February 12th, 2019|Education|

Spirit AeroSystems worked ahead to meet new Boeing 787 rate

Spirit AeroSystems Inc. is leveraging extra work done at the end of 2018 to help it meet the planned production increase on the Boeing Co. 787 Dreamliner.  Boeing is increasing the rate on the 787 early this year from 12 aircraft per month to 14.  Bu...

By | 2019-02-12T16:52:42+00:00 February 12th, 2019|Budget and Tax|

U.S. carmakers bracing for a downshift this year, but here’s what sold like hotcakes in 2018

U.S. auto manufacturers predict new-vehicle sales will hit a five-year low in 2019 amid rising interest rates and escalating trade tensions abroad. Industry analysts anticipate U.S. auto sales will drop to 16.8 million units this year, down roughly 50...

By | 2019-02-12T16:20:35+00:00 February 12th, 2019|Budget and Tax|

Oregon firm buys Boston-area robotics company for $385M

Oregon thermal imaging company Flir Systems, in buyer mode for the past several months, has revealed its biggest acquisition to date. Flir announced its intent to purchase Endeavor Robotics Holdings Inc. for $385 million. Endeavor, based in Chelmsford...

By | 2019-02-12T00:21:48+00:00 February 12th, 2019|Technology|