May 2007 - Rochester Business News & Events

Northwest emerges from Chapter 11

MINNEAPOLIS -- Northwest Airlines Corp. is emerging from Chapter 11 a little smaller, a lot more efficient, and with some of the lowest costs among the major carriers. Northwest sha

Published Thu, May 31 2007 10:08 AM by Postbulletin.com Local Business

Economy nearly stalls during first quarter

WASHINGTON --The economy nearly stalled in the first quarter with growth slowing to a pace of just 0.6 percent. That was the worst three-month showing in over four years. The new reading on the gross domestic prod

Published Thu, May 31 2007 10:08 AM by Postbulletin.com Local Business

IBM lays off 1,570 from services unit

BOSTON -- IBM. laid off 1,570 people today, primarily from an ongoing overhaul of operations in its giant technology services unit. The company carried out a similar level of job cuts at the beginning of the month

Published Wed, May 30 2007 10:26 AM by Postbulletin.com Local Business

Swift to be sold to Brazilian company

DENVER -- Swift & Co., one of the nation's largest meatpacking companies, said Tuesday it will be sold to a Brazilian company in a $225 million cash deal. JBS S.A. also will assume $1.2 billion in debt under the agreement with Swift

Published Wed, May 30 2007 8:48 AM by Postbulletin.com Local Business

Northwest flight attendants accept pay cuts

MINNEAPOLIS -- Flight attendants at Northwest Airlines accepted a pay cut deal on Tuesday, the final step in the airline's push to get $1.4 billion a year in savings from its worker

Published Wed, May 30 2007 8:01 AM by Postbulletin.com Local Business

Microsoft's 'Surface' works like interactive coffee table

SEATTLE -- Microsoft Corp. has taken the wraps off "Surface," a coffee-table shaped computer that responds to touch and to special bar codes attached to everyday objects. The machines, which Microsoft planned to de

Published Wed, May 30 2007 8:01 AM by Postbulletin.com Local Business

Ex-Bush aide chosen to lead World Bank

WASHINGTON -- Robert Zoellick, a Goldman Sachs executive who has built contacts around the globe as President Bush's trade chief and as the country's No. 2 diplomat, is the White House's choice to be the next Worl

Published Wed, May 30 2007 8:01 AM by Postbulletin.com Local Business

Two Buck Chuck: 5 years of wine for the masses

NAPA, Calif. -- Round and round they go, hundreds of bottles of Two Buck Chuck rattling and clinking their way toward a big machine that deftly fills, corks and seals each one in a rhythmic dance of metal and glass

Published Tue, May 29 2007 9:49 AM by Postbulletin.com Local Business

Russia to buy 15 Boeing 787s

-- Russia's biggest domestic air carrier, S7, signed a deal with Boeing Co. to expand its fleet with 15 new 787 aircraft, the company said Tuesday. Under the terms of the deal, S7 would receive the first seven planes in 2014 under an operating lease