Stocks to Watch:

Aviation Breaking News: Boeing's South Carolina City Tax to Fall as Production Rises

Wochit 1:14 mins

The day before two separate incidents made news for the wrong reasons, Boeing's South Carolina 787 Dreamliner manufacturing plant got a large tax break when the North Charleston City Council voted to slash the current top rate used to calculate annual fees for businesses earning $250 million or more in half. The state's largest private employer, Boeing pays the city 0.1 percent on gross revenue from its local plant. The new rate applies to revenue that exceeds $7.5 billion a year. For revenue between $250 million and $7.5 billion, the rate was cut to 5 percent from 10 percent. EasyJet said a majority of its shareholders had backed the plan to buy 135 new Airbus planes, defeating a move by the group's estranged founder to block the deal. NTSB Federal accident investigators say two flight attendants working in the back of the Asiana Airlines jet that crash landed in San Francisco were ejected from the back of the plane after impact and survived.

View Comments