Coffee Break: On Boeing, Medicare and Wal-Mart leaving KC

Jerry SiebenmarkEagle banking reporter Jerry Siebenmark turns 42 years old today. Personally, I don’t think he looks a day over 41 years and 365 days.

Enjoy today’s links, Jerry:

  • The Wall Street Journal says as many as a third of Boeing and Airbus orders for new jets could be postponed or canceled because of rising fuel prices.
  • Reuters reports that Goldman Sachs cut its rating on Boeing to sell. The stock is down more than 5 percent today.
  • Wal-Mart is pulling its annual convention out of Kansas City. It was the largest annual event in KC and the 2009 convention was expected to put about $8 million into the KC economy, the Star reports.
  • Starting next week, companies will have to submit bids if they want to continue selling equipment to Medicare, the New York Times says. It’s not a change that the equipment makers are accepting without a fight.

One Comment

  1. psmith
    Posted June 25, 2008 at 12:03 pm | Permalink

    Happy birthday Jerry – and I really believed you were just 39. I should take the cake back :-)