Chicago-based Boeing (BA) has operations around the country. Here are other recent stories reported by The Business Journals. EXCLUSIVE: Boeing exec who led supplier price-cutting effort moves to Chicago to head up M&A The Seattle-area Boeing Commercial
Investors have made a fortune on palladium this year. More than $49 million has left the two main U.S. and European palladium ETFs -- the ETFS Physical Palladium Shares and the ZKB Palladium fund -- or roughly 15 percent of assets through Aug. 21 this year, according to data compiled by Bloomberg. Across all ETFs, holdings of palladium have plunged from around 3.1 million ounces in 2014 to 1.6 million ounces today.
Pratt & Whitney’s $10 billion bet on a new jet engine is faltering after a troubled rollout, and buyers are rushing to a General Electric Co. model instead. The GE turbine has won 10 times as many orders this year to power a narrow-body Airbus SE plane on which the two suppliers compete head to head. Pratt has signed just one buyer in that span to supply its geared turbofan engine for the aircraft, according to data provided to Bloomberg by Flight Ascend Consultancy. The figures paint a stark picture for Pratt and parent United Technologies Corp., which billed the so-called GTF as a technological breakthrough that was supposed to help reverse GE’s recent market dominance. Instead, weak demand