Business news briefs
This is an archived article that was published on sltrib.com in 2013, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

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.