Boeing 787 flying 3 weeks before fire
Federal investigators say the Boeing 787 Dreamliner that experienced a battery fire earlier this month was delivered to Japan Airlines less than three weeks before the fire.
The National Transportation Safety Board said Sunday in an update of its investigation of the incident that the airliner was delivered Dec. 20. It had only recorded 169 flight hours and 22 flights when the fire erupted in one of the airliner’s two lithium ion batteries Jan. 7.
The fire occurred at Logan International Airport shortly after the plane landed.
Ohio Honda plant to install wind turbines
russells point, ohio
The Honda transmission plant in western Ohio will be among the first U.S. automotive manufacturing facilities to get a substantial amount of electricity from wind turbines on the property.
The Bellefontaine Examiner reports that the industrial wind turbines at its Russells Point plant will be up and running this year. Company spokesman Ron Lietzke says it will be the first Honda plant in the world to introduce a wind turbine project of this size.
The turbines, built by Juhl Wind Inc. of Pipestone, Minn., will sit atop two 260-foot towers. Each will have blades 160 feet long that will drive generators capable of producing about 10,000-megawatt hours annually. That’s about 10 percent of the plant’s electrical needs.
Ohio bankruptcies drop to 6-year low
Court statistics show the number of bankruptcy filings in Ohio last year fell to the lowest total since 2006.
Experts point to several reasons for the drop, including mortgage lenders holding off foreclosure proceedings and people having so much financial trouble that they have no assets left to protect.
University of Dayton professor Jeffrey Morris, a member of the National Bankruptcy Conference, says increased awareness about the struggling economy also may make people more cautious financially.
The roughly 50,600 personal and business bankruptcies in 2012 mark a drop of 14 percent from 2011, when there were more than 58,800. That’s according to data from Ohio’s two U.S. Bankruptcy Court districts.
The Columbus region had the most, with more than 11,000 bankruptcies.
Davos forum ends
The fragile state of the world economy, coupled with the relentless turmoil in Syria and the rocky fallout from the Arab Spring, dominated discussions during this year’s annual gathering of the global elite at Davos, leaving many participants uneasy about what lies ahead as they left Sunday.
Even broad agreement that there are positive signs on the economic front, at least in emerging markets, was coupled with a warning from the head of the International Monetary Fund. “Do not relax,” Christine Lagarde said. There’s still a “risk of relapse.”
Vindicator wire reports
Selected local stocks
Aqua America, .70, 26.77 —.39
Clear Channel, .29 32.24 —.11
Cortland Bancorp, 9.77.00
Farmers Nat., .126.50 —.04
First Energy, 2.20, 40.27.35
FirstMerit Corp., .64,14.98 —.12
First Niles Financial, .32,6.50.00
First Place Fin., .0055.00
FNB Corp., .48,11.47.02
General Electric, .76,22.29.24
Motors Liquidation, .0422.00
Huntington Bank, .16, 6.93—.06
JP Morgan Chase, 1.20,47.16.79
Key Corp, .20,9.29.05
LaFarge, 15.75 .39
Macy’s, .80, 38.74 —.26
Parker Hannifin, 1.64, 94.37.40
RTI Intl. Metals,29.19—.04
Simon Prop. Grp.,4.40,162.35.19
Stoneridge 6.22 .12
United Community Fin. 3.26—.04
Selected prices at 4 p.m. Friday. Provided by Stifel Nicolaus. Not to be construed as an offer or recommendation to buy or sell any security.