Yahoo Finance - Business Finance, Stock Market, Quotes, News
- BusinessPuget Sound Business Journal•19 hours ago
Rolls-Royce said its new Trent engine has powered a Boeing 787 Dreamliner in the air for the first time during a flight from Boeing Field Wednesday. The Trent 1000 TEN engine – TEN stands for thrust, efficiency and new technology – has been picked to power the first test flight of the Boeing 787-10 version of the Dreamliner next year, Rolls Royce North America spokesman Joel Reuter said. Wednesday's test flight took a Boeing 787-8 to an altitude of 43,000 feet and speeds near Mach 0.85 (Mach 1 is the speed of sound). Tests included in-flight restart performance and engine handling, Rolls-Royce said in a statement. The Trent 1000 powered the first Dreamliner 787-8 into service in 2011 and the
- FinanceBusiness Insider•yesterdayThe Titanic of retail: Sears is 'set to sink' as stores close, executives flee, and the CFO admits the brand is falling short
Sears reported mounting losses on Thursday and acknowledged that the company has "fallen short" of expectations for a recovery. Same-store sales dropped 7.4%, including a 10% decrease at Sears stores and a 4.4% decrease at Kmart stores. Sears' cash and equivalents fell 12% to $258 million in the period.
Are you behind on saving for retirement? Even if you don’t know what counts as "behind," you're likely to need to step up your efforts to build your nest egg. A June 2015 Government Accountability Office analysis found that that average Americans between the ages of 55 and 64 have accrued about $104,000 in retirement savings. Sound like a lot? Not when you realize that sum would translate into a $310 monthly payment if your money were invested in a lifetime annuity. Even if you're far from that age bracket, let this serve as a wake up call. You don’t want to stop working without enough money to live on. And what better time than the beginning of a new year to make a resolution that you’re going