Business briefs: Horizon to offer Bellingham-Portland service
Storm cuts power to two Boeing factories
The Boeing Co.'s Frederickson and Renton sites lost power Friday, thanks to the snowstorm. Boeing told first shift employees in Frederickson to stay home Friday. Other than at those two sites, Boeing's Puget Sound-area operations were running normally, the company said.
Agency calls for checks on A380 wings
The European Aviation Safety Agency is calling on airlines to inspect their A380 superjumbo jets after Airbus found new cracks in the metal brackets inside the wings. The agency Friday issued an airworthiness directive that called for "a detailed visual inspection" of the aircraft's so-called "wing rib feet" -- the metal brackets that connect the wing's ribs to its skin. Sixty-eight of the double-decker, $390 million jets are flying with seven airlines. The jet seats 525 people in three classes.
Woman named Sam's Club CEO
Wal-Mart Stores Inc. said Friday that it has named Rosalind Brewer as CEO of Sam's Club -- the first woman and the first African-American to hold a CEO position at one of the company's business units. Brewer, 49, is replacing Brian Cornell, 52.
Novartis drug probed after 11 people die
A multiple sclerosis drug made by industry giant Novartis is under investigation after at least 11 patients taking the medicine died. The drug, Gilenya, was licensed last year in the European Union to treat patients with a severe type of multiple sclerosis. The deaths raise concerns that Gilenya could trigger heart problems after patients take their first dose, according to a statement issued Friday by the European Medicines Agency.
Kodak gets 2013 deadline to reorganize
Eastman Kodak Co. has obtained a bankruptcy judge's approval to borrow an initial $650 million from Citigroup Inc. to keep operations running while it peddles a trove of digital-imaging patents. The ailing photography pioneer filed for bankruptcy protection on Thursday, and is required under the financing terms to produce a reorganization plan by Feb. 15, 2013. U.S. Bankruptcy Judge Allan Gropper in New York also set a June 30 deadline for Kodak to seek his approval of bidding procedures for the sale of 1,100 patents that analysts estimate could fetch at least $2 billion.
Herald staff and news services
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