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General Electric Company’s (NYSE:GE) new GEnx engine may face enhanced inspections, according to recommendations by the National Transportation Safety Board, which have prompted the Federal Aviation Administration to announce relatively stringent requirements for inspections to be conducted every 90 days, according to The Wall Street Journal. The article adds that the engines have been installed on all Boeing Company (NYSE:BA) 787s, along with the newest 747 models.
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Home Depot, Inc. (NYSE:HD) reports that it has appointed Mark Vadon to its board of directors and as a member of the Audit and Finance Committees. Upon assuming his new positions, Home Depot will have 11 directors, 10 of whom are independent. Previously, Vadon co-founded Blue Nile, Inc. (NASDAQ:NILE) and has been the chairman of its board of directors since its inception.
Hewlett-Packard Co.(NYSE:HPQ) and Microsoft Corporation (NASDAQ:MSFT) are accused by a United States Senate subcommittee that is looking into how multinational companies exploit the intricate U.S. corporate-tax code, according to the Wall Street Journal. Although most of that appears to comply with the letter of current tax regulations, and both firms maintain that their methods are legitimate, Senate investigators say that some of the practices used by H-P are indeed potentially abusive and subject to challenge.
Intel Corporation (NASDAQ:INTC) is in discussions with Sharp Corp. Ltd. (SHCAY.PK) through which to provide small and mid-sized LCD panels to Intel, say sources to Reuters, adding that Sharp intends to divest its domestic solar division Recurrent Energy.
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