Redesigned $100 bill to go into circulation
The new $100 bill, with an array of high-tech features designed to thwart counterfeiters, will get its coming-out party on Tuesday, partial government shutdown or not.
The Federal Reserve, which has not been affected by the shutdown, will have armored trucks rolling from its regional banks around the country headed to banks, savings and loans and other financial institutions with the new C-notes.
The bills took more than a decade to develop and the introduction was plagued by production problems that set back the rollout by 2½ years.
Some bank customers could start seeing the new bills by Tuesday afternoon depending on how close their bank is to a regional Fed facility.
-- Associated Press
Alcatel-Lucent plans to lay off 10,000 workers
Alcatel-Lucent plans to reduce staff by 10,000 as CEO Michel Combes moves forward with cost-reduction measures to turn around the unprofitable French network-equipment maker, according to two people familiar with the matter.
That would eliminate about 14 percent of Alcatel-Lucent's workforce worldwide, based on the 72,000 employees the company had as of December.
Alcatel-Lucent is following in the footsteps of competitor Nokia's NSN wireless network gear division, which in late 2011 cut 17,000 positions, or about 23 percent of its total. The company has since cut more positions, in excess of 20,000.
-- Bloomberg News
Japan Airlines buys its first Airbus jets
Usually when Japanese airlines need to buy a big plane, they go to Boeing. Not this time.
Japan Airlines ordered its first Airbus jets Monday. It's buying 31 A350s, the European plane maker's new long-range, fuel-efficient jet. JAL also has an option to buy 25 more Airbus planes.
Monday's deal is the first for the A350 in Japan and marks a big change in policy for JAL. Boeing had been the airline's major supplier for decades and has dominated Japan's aviation market for decades.
The order is worth $9.5 billion at list prices, although discounts are common. Some analysts even think that JAL may be getting the planes for below cost as Airbus looks to make inroads in Boeing's domain.
-- Associated Press