The Traderszone Network

Boeing Co (BA.N) said on Wednesday it would slow production of its 747-8 jumbo jet by 23 percent to one per month starting in March, an effort to keep the production line running amid sluggish demand for the iconic, humped-top plane. Boeing, the world’s largest plane maker, is currently building 747s at a rate of 1.5 a month and had already announced plans to reduce the rate to 1.3 a month from September. The company said the decision to slow production further was not related to Tuesday’s announcement that President Dennis Muilenburg will succeed Jim McNerney as chief executive on July 1.

Southwest will allow Delta to continue operating five daily flights between Love Field and Atlanta, according to a Delta spokeswoman. The conflict has drawn in city and federal officials, with the city of Dallas suing the carriers last week in part for placing it in a bind. U.S. District Judge Ed Kinkeade in Dallas strongly encouraged Southwest to make room for its competitor temporarily, according to a source familiar with the matter.

AirAsia Bhd (AIRA.KL) boss Tony Fernandes has told staff and analysts he will spend more time working on the budget airline and put his other business and sporting interests to one side, after a report questioning the company’s accounts sent its share price tumbling. The chief executive has said his other work will take a back seat as he focuses on repairing the financial damage done to Asia’s largest low cost airline, according to analysts and two AirAsia executives who spoke to Reuters on condition on anonymity.

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China’s latest stomach-turning food scandal: Reports emerge of traders peddling tons of meat frozen for 40 years. The NYT reports.

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Among the shares expected to see active trade in Thursday’s session are those of Barnes & Noble, Micron Technology and Nike.
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