NTSB: Plane batteries may be safe
The use of lithium ion batteries to power aircraft systems isn't necessarily unsafe despite a battery fire in one Boeing 787 Dreamliner and smoke in another, but manufacturers need to build in reliable safeguards, the nation's top aviation safety investigator said Wednesday.
National Transportation Safety Board Chairman Deborah Hersman said she doesn't want to "categorically" rule out the use of lithium ion batteries to power aircraft systems, even though it's clear that safeguards failed in the case of a Japan Airlines 787 that had a battery fire while parked at Boston's Logan International Airport last month.
"Obviously what we saw in the 787 battery fire in Boston shows us there were some risks that were not mitigated, that were not addressed," Hersman told reporters in an interview.
The board is still weeks away from determining the cause of the Jan. 7 battery fire, Hersman said.
Monopoly fans add cat, toss iron tokens
The Scottie dog has a new nemesis in Monopoly after fans voted in an online contest to add a cat token to the property trading game, replacing the iron, toy maker Hasbro Inc. announced Wednesday.
The results were announced after the shoe, wheelbarrow and iron were neck and neck for elimination in the final hours of voting that sparked passionate efforts by fans to save their favorite tokens, and by businesses eager to capitalize on publicity surrounding pieces that represent their products.
The vote on Facebook closed just before midnight on Tuesday, marking the first time that fans have had a say on which of the eight tokens to add and which one to toss. The pieces identify the players and have changed quite a lot since Parker Brothers bought the game from its original designer in 1935.
Time Warner 4Q earnings rise
Time Warner Inc. said Wednesday that net income grew 51 percent in the last three months of 2012 even as revenue was largely unchanged. Rising fees from cable and satellite companies and higher ad revenue at the TV networks offset revenue declines at the movie studio and magazine businesses.
The company also announced a dividend increase and a new plan to buy back shares. Its stock jumped to its highest level in more than a decade.
The television networks business drove the quarter's performance as revenue there grew 5 percent, offsetting declines elsewhere. The Warner Bros. studio business had a weaker release lineup in the most recent quarter.
Time Warner said net income was $1.17 billion, or $1.21 a share, for the fourth quarter of 2012, up from $773 million, or 76 cents a share, a year earlier.
Adjusted for one-time items, earnings came to $1.17 per share. That beat the $1.10 per share that analysts surveyed by FactSet expected.
Potter, mayors to address Realtors
Four local elected officials will speak to the Women's Council of Realtors Monterey Peninsula Chapter at 8:30 a.m. Friday at Highlands Inn Carmel.
The four are Supervisor Dave Potter, and mayors David Pendergrass, Sand City, Jason Burnett, Carmel and Joe Gunter, Salinas.
Cost is $20 members, $25 nonmembers, $30 at the door.
Registration can be done at www.wcrmonterey.org.