Business Updates

Spirit’s 2011 revenue up, income down

Molly McMillin, The Wichita Eagle Today at 11:36 a.m.

WICHITA — Spirit AeroSystems recorded 2011 revenue of $4.86 billion, up 17 percent over a year ago, although net income fell 12 percent for the year from charges related to development programs.

RJ's House of Fades to move to Eaton Place, but owner Ronnie Robinson Jr. has bigger dreams than doing hair
Carrie Rengers, Have You Heard? | Today at 5:29 a.m.
WICHITA — Ronnie Robinson Jr. is the second person to sign a new lease at Eaton Place in the last week.
Pepsico to cut 8,700 jobs; 4Q net rises
By MAE ANDERSON, AP Business Writer | Today at 4:45 p.m.
PepsiCo is trying to put some fizz back into its business. The food and drinks maker announced a restructuring on Thursday that includes cutting 8,700 jobs globally and plowing money into advertising drinks like Pepsi and Mountain Dew in North America.
2 Key Ford leaders to retire, Mulally to stay on
By TOM KRISHER and DEE-ANN DURBIN, AP Auto Writers | Today at 5:50 p.m.
Two of the architects behind Ford's remarkable turnaround are retiring, and their departures have intensified the guessing game over who will become the next CEO.
Kodak to stop making cameras, digital frames
The Associated Press | Today at 5:20 p.m.
Picture it: Save for a few disposable point-and-shoots, Kodak is exiting the camera business.
Unemployment aid applications near a 4-year low
By CHRISTOPHER S. RUGABER, AP Economics Writer | Today at 8:35 a.m.
The number of people seeking unemployment aid neared a four-year low last week, a positive sign that strong hiring could continue in the coming months.
Stocks close higher after debt deal in Greece
By CHRISTINA REXRODE, AP Business Writer | Today at 3:55 p.m.
The stock market finally got a deal in Greece, but it didn't produce much of a rally.
Galichia Heart acquisition includes a dozen physicians
By Jerry Siebenmark, The Wichita Eagle | Feb. 8 at 4:54 p.m.
Wesley Medical Center officials finally celebrated their parent company’s acquisition of Galichia Heart Hospital — 412 days after HCA first announced the deal.
A Box 4 U expands into finishing work for its blast-resistant modules
Carrie Rengers, Have You Heard? | Feb. 8 at 4:17 p.m.
WICHITA — Wichita-based A Box 4 U is expanding its blast-resistant module business.
WSJ: Hawker Beechcraft hires bankruptcy, restructuring lawyers
Molly McMillin, Air Capital Insider | Feb. 8 at 11:50 a.m.
A Wall Street Journal blog reports that Hawker Beechcraft Corp. has hired bankruptcy and restructuring lawyers, according to people familiar with the matter, it said.
McCracken Guitars to open at Eaton Place
Carrie Rengers, Have You Heard? | Feb. 8 at 7:42 a.m.
WICHITA — Former E.M. Shorts Guitars luthier Andrew McCracken is now opening his own store, McCracken Guitars, at Eaton Place.
Empire Barber Salon to move to Oxford Square near 21st and Woodlawn
Carrie Rengers, Have You Heard? | Feb. 8 at 7:26 a.m.
WICHITA — Tyron Bowen is returning to Oxford Square near 21st and Woodlawn to do hair, but this time he'll own the barber shop and salon instead of working for someone else.
Former KSN, Channel 3, anchorman is the new Mooyah franchisee for Wichita
Carrie Rengers, Have You Heard? | Feb. 8 at 5:30 a.m.
WICHITA — Anthony Powell can now add hamburgers to his resume — loaded ones at that.
AFM: Passage of FAA bill music to the ears
Molly McMillin, Air Capital Insider | Feb. 8 at 11:02 a.m.
A variety of trade groups are praising Congress’ passage Friday of reauthorizing the Federal Aviation Administration for the next four years.
Sprint posts deeper 4Q loss on iPhone costs
By PETER SVENSSON, AP Technology Writer | Feb. 8 at 4:25 p.m.
Sprint dug deep into its pockets in the latest quarter to put iPhones in the hands of its customers. The perennially money-losing company on Wednesday posted its largest loss in three years.
Stock futures fall as Greece fails to OK all cuts
By CHRISTINA REXRODE, The Associated Press | Today at 6:50 a.m.
U.S. stock futures are falling after Greek leaders failed to accept the entire batch of new austerity measures demanded by creditors, leaving its bailout in limbo.
Hawker Beechcraft hires turnaround specialist as CEO
By Molly McMillin, The Wichita Eagle | Today at 3 p.m.
Steve Miller, who calls himself “The Turnaround Kid,” has spent his long career rescuing troubled companies.
McClatchy Co. reports higher fourth-quarter profits
BY DALE KESLER, Sacramento Bee | Feb. 7 at 12:19 p.m.
The McClatchy Co. reported higher quarterly profits today amid signs that its lengthy revenue slump is easing.
Hawker Beechcraft hires turnaround specialist as CEO; Boisture to remain chairman
Molly McMillin, Air Capital Insider | Feb. 7 at 10:26 a.m.
Hawker Beechcraft announced that it has hired as CEO a man who has spent his career restructuring troubled companies.
Visioneering names co-chairs
By Jerry Siebenmark, The Wichita Eagle | Feb. 7 at 9:28 a.m.
Visioneering Wichita has named Wayne Chambers and Sommer Keplar as co-chairs of the group whose aim is to improve the area economy and quality of life.

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