Business news briefs | The Salt Lake Tribune

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Boeing profits

beat expectations

in face of 787 woes

Battery problems with Boeing's 787 aren't slowing the big plane-maker down. The company's second-quarter earnings topped expectations as it ramped up deliveries of commercial planes like its 737 and its 777. It also raised full-year profit guidance, as it continues to enjoy a boom in airplane orders as airlines in Asia and Latin America expand.

U.S. soda sales

decline in spite

of new marketing

Coca-Cola Co., PepsiCo Inc. and Dr Pepper Snapple Group Inc. all sold less soda in the second quarter in North America, dashing hopes that splashy, celebrity-studded new marketing and different sweetener mixes could get drinkers back. Coca-Cola Co. sales fell 4 percent in North America, while PepsiCo. said its decline was in the "mid-single digits." Dr Pepper sold 3 percent less of the fizzy drinks.

Wonderbra maker,

Maidenform see

a 'perfect fit'

Two of the world's top bra-makers are merging in the biggest development in the $11.5 billion underwear industry in years. Hanesbrands, which makes the Wonderbra, said that it agreed to buy bra and underwear company Maidenform Brands Inc. for about $547 million.

Report: U.S. gov't

likely to lose

on GM bailout

General Motors stock would have to sell for $95.51 per share for taxpayers to break even on bailing out the company, according to a government watchdog's report. That price is about three times what GM shares are selling for now, even after a 25 percent increase in the price so far this year.