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UPDATE 2-Boeing says it will cut commercial airplane jobs to reduce costs

SEATTLE, Feb 10- Boeing Co said on Wednesday it will cut jobs at its commercial airplane unit, addressing intense pressure to lower costs to compete with rival Airbus even as the aviation industry booms. Boeing Commercial Airplanes Chief Executive Ray Conner announced the move in an employee webcast after the world's biggest aircraft maker saw sales fall and...
Source: Reuters | By: Alwyn Scott
Arch Coal agrees deal with Wyoming for temporary cleanup relief

CHICAGO, Feb 10- Bankrupt coal miner Arch Coal Inc has reached a deal with the state of Wyoming that will provide it with temporary relief from liability for millions of dollars in future cleanup costs for coal mines, according to court documents. Arch said in a court filing that the state of Wyoming and the Wyoming Department of Environmental Quality have agreed...
Source: Reuters | By: Tracy Rucinski
Whole Foods earnings beat, stock briefly rises 6%

Whole Foods reported quarterly earnings and revenue that beat analysts' expectations on Wednesday.
Source: CNBC.com | By: Sarah Whitten
The Latest: Backers urge California coast panel to keep exec

LOS ANGELES— The Latest on a proposal by the powerful California Coastal Commission to fire its top executive. Hundreds of people packed a meeting Wednesday of the 12- member California Coastal Commission, which is considering whether to replace Executive Director Charles Lester. The 12- member California Coastal Commission is expected to consider the...
Source: The Associated Press
UPDATE 1-Michigan governor seeks $300 mln for Flint water, Detroit schools

Feb 10- Michigan Governor Rick Snyder asked state lawmakers on Wednesday to provide more than $300 million in his current and fiscal 2017 budget proposals to deal with the lead-tainted water crisis in Flint and to keep the Detroit Public Schools from running out of cash as early as April. Flint protesters could be heard chanting during the budget presentation...
Source: Reuters
Yellen draws lawmaker fire for Fed policy to pay banks

SAN FRANCISCO, Feb 10- Interest payments that Federal Reserve Chair Janet Yellen calls "critical" to the U.S. central bank's conduct of monetary policy came under fire on Wednesday from lawmakers, raising questions about new potential political hurdles ahead for the Fed. In an unusual display of bipartisanship, Jeb Hensarling, the Republican who chairs the...
Source: Reuters | By: Ann Saphir
Michigan governor seeks $300 mln for Flint water, Detroit schools

Feb 10- Michigan Governor Rick Snyder asked state lawmakers on Wednesday to provide more than $300 million in his current and fiscal 2017 budget proposals to deal with the lead-tainted water crisis in Flint, and to keep the Detroit Public Schools from running out of cash as early as April. During his budget presentation before the House and Senate...
Source: Reuters
Backers urge powerful California coastal panel to keep exec

LOS ANGELES— The powerful agency that manages development on California's coastline considered whether to fire its chief executive Wednesday as it faced a packed room of sign-holding supporters who want him kept on the job. Hundreds of people filled a meeting room to capacity, with scores more outside, in what amounted to a striking show of support for Charles...
Source: The Associated Press
Owed $170M by AC, Borgata skipping $7.2M tax payment

ATLANTIC CITY, N.J.— By most accounts, the Borgata has been Atlantic City's golden goose, providing the most jobs and tax revenue in the seaside gambling resort. The Borgata is refusing to make a $7.2 million tax payment due Wednesday; it is owed more than $170 million in tax appeals it has won from Atlantic City, and the city says it can't pay that much.
Source: The Associated Press | By: By WAYNE PARRY, Associated Press
Viacom CEO paid more than you think: Expert

The amount of money Philippe Dauman has earned at the helm of the media giant is a lot higher than some reports suggest.
Source: CNBC.com | By: Mary Thompson