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- BusinessPuget Sound Business Journal•17 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
- BusinessCNBC.com•22 hours ago
With policies turning away from regulatory creep on big business, and toward pro-business initiatives, Lee said investors should look at banks, energy, tech and telecoms. While the technology sector has not performed well in the past couple of months — the sector ETF XLK is up less than 1 percent this quarter — Lee said historical patterns may hold optimistic signals. "When you think about wage inflation, we have to go all the way back to the '50s to find a cycle led by wage inflation," Lee said. In terms of which sectors could see the biggest growth, Lee said that "banks have been doing nothing for 10 years," which could lead some investors to think that there's a lot of room for them to run.
- 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.