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JetBlue delays delivery of new planes

By TIMES WIRES
Published December 5, 2006

JetBlue Airways Corp., once among the fastest-growing airlines in the industry, said Monday that it is delaying deliveries of new Embraer 190 jets it had been scheduled to receive from 2007 to 2010. The airline said the postponement of 32 jets is because of higher fuel prices and increasing competition.

Delta closer to pension relief

Delta Air Lines Inc. and the Pension Benefit Guaranty Corp. have reached a settlement involving the carrier's request to terminate its pilots' pension plan that will award the government's pension insurer an unsecured claim of $2.2-billion.

China set to pass Japan in R&D

China should surpass Japan this year to become the world's No. 2 investor in research and development after the United States, an international economic group said Monday. China is expected to spend just over $136-billion on R&D in 2006, passing Japan's forecast $130-billion, the Paris-based Organization for Economic Cooperation and Development said in a report on world technology trends.

FedEx raising its prices next month

FedEx Corp. said Monday it will increase standard list rates for its FedEx Ground and FedEx Home Delivery shipments by an average 4.9 percent on Jan. 1.

Treasury bills interest dips

Interest rates on short-term Treasury bills fell in Monday's auction to the lowest levels since early October. The Treasury Department auctioned $18-billion in three-month bills at a discount rate of 4.870 percent, down from 4.905 percent. Another $16-billion in six-month bills was auctioned at a discount rate of 4.840 percent, down from 4.935 percent last week.

[Last modified December 4, 2006, 23:29:39]