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First Japan-built airliner in 50 years takes on Boeing, Airbus

Bloomberg A new, long-delayed 88-passenger jet from Japan may finally be the right plane at the right time. More cities in Asia and Europe are seeking to link up with each other and the global air travel network. The Mitsubishi Regional Jet (MRJ), the first airliner built in Japan since the 1960s, began certification flights last month in Moses Lake, ...

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Boeing Dreamliner plant ‘plagued by shoddy production’

Bloomberg Boeing Co’s factory in North Charleston, South Carolina, one of two plants that produces the 787 Dreamliner, has faced problems with production and oversight that create a safety threat, the New York Times reported. The Times cited a review of internal emails, corporate documents and federal records, as well as interviews with more than a dozen current and former ...

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Pier 1 tumbles over more store closures, cost cuts

Bloomberg Pier 1 Imports Inc announced a plan to cut costs at the chain, which is under siege from newer online rivals. The company also announced an interim chief financial officer from AlixPartners LLP, a company known for its turnaround and restructuring practice. Part of Pier 1’s “action plan’’ includes generating cost savings and benefits of as much as $110 ...

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