Boeing has awarded GE Aviation Systems a contract to provide the flight-management system for the 737 MAX airplane. The contract's value was not disclosed. The General Electric unit's facilities in Grand Rapids, Mich., and Clearwater, Fla., will design and manufacture the system.
Chinese companies' direct investment in the U.S. reached a record $6.5 billion last year, a 17% increase compared with 2011, according to Rhodium Group. The investment level will grow as China moves closer to having the world's biggest economy, analyst Thilo Hanemann said.
Easy monetary policies in mature economies are cited for a positive turn in bank lending conditions for emerging markets, the first plus reading since the second quarter of 2011, according to the Institute of International Finance. The improvement was documented globally but was particularly strong in Asia.
Centro Properties has until December to clear the massive debts it has accumulated. Under the deal announced Thursday, Centro has to finalize a $155 million "liquidity facility" to pay for capital expenditure and meet other conditions by May 30.