Boeing forced to postpone again on delivering 787

Boeing Co. postponed delivery of its first 787 airliner to the middle of the first quarter of 2011, adding to a string of delays that has put it more than two years past its originally scheduled debut.

The latest delay is the result of engine delivery problems, Boeing said in a statement early Friday.

The Chicago company said in July that it expected to start delivering the plane late this year, but it warned that might not happen. Boeing said then that a series of problems, including supplier work related to parts of the tail and instrument issues might push the first delivery “a few weeks into 2011.”

 

Google draws scrutiny in bid for travel software firm

Federal regulators are taking a closer look at Google Inc.’s plans to buy travel technology company ITA Software Inc. in a $700 million all-cash deal announced last month.

In a blog post on Friday, Google said the Justice Department has asked it for more information about the proposed acquisition, which could position the search giant to compete with popular travel sites such as Expedia, Travelocity and Orbitz.

ITA Software, a 500-employee company started in 1996 by computer scientists at the Massachusetts Institute of Technology, provides technology that helps run the reservation systems of several airlines. Google says the acquisition will provide it with tools to help consumers search for flights, compare fares and book tickets.

 

Tribune still hopes to win support from its creditors

The Tribune Co. is continuing to talk to creditors as it tries to win support for a reorganization plan.

Creditors withdrew their support of a plan hammered out earlier this year after an independent examiner released a report last month concluding that Tribune’s 2007 leveraged buyout may have involved fraud.

Tribune attorneys told a Delaware bankruptcy judge last week that they would file a revised plan by Friday in a final effort to win creditor support. They warned that if creditors don’t go along, Tribune may be forced to sue over the fraudulent transfer issues raised by the examiner.

But Tribune released a statement late Friday saying discussions are continuing, and that it has decided not to file a new plan now.

 

BofA’s online banking shuts down for 4 hours

Bank of America Corp. says its online banking service was down for about four hours but service has been restored.

A representative for the nation’s largest bank, Tara Burke, declined to specify a reason for Friday’s outage except to say that it was a “temporary system” issue.

She could not say whether the site has experienced a similar across-the-board outage before.

The bank, based in Charlotte, N.C., said service was restored at around 5:15 p.m. EDT.