does-business

Boeing aims for supersonics and Mars at outset of second century

By Alwyn Scott SEATTLE (Reuters) – The Boeing Co marked its centennial on Friday with plans to sharpen its focus on innovation, including ambitious projects for supersonic commercial flight and a rocket that could carry humans to other planets. The enterprise established by William Boeing in a Seattle boathouse has faced numerous “bet the company” moments over its 10 decades to bring out new planes such as the 707 and 747. “We have won for 100 years because of innovation,” Muilenburg said.

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Boeing aims for supersonics and Mars at outset of second century

does-business

Herbalife settles pyramid scheme case with regulator, in blow to Pershing’s Ackman

By Diane Bartz and Michael Flaherty WASHINGTON/NEW YORK (Reuters) – Herbalife Ltd agreed to pay $200 million and change the way it does business to avoid being labeled a pyramid scheme by regulators, a blow to hedge fund manager Bill Ackman who for years has been betting against the dietary supplements maker. Shares of Herbalife jumped more than 20 percent after the settlement was made public and the Los Angeles-based company said its board had cleared the way for billionaire investor Carl Icahn to boost his …

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Herbalife settles pyramid scheme case with regulator, in blow to Pershing’s Ackman