NATION

NATION

Boeing Co. CEO says
787 will be ready in May

CHICAGO — Boeing Co. CEO Jim McNerney voiced confidence Tuesday that the airplane maker will be able to deliver the first 787 on time next May but acknowledged that there is now no margin for error in order to keep to that schedule.

His comments at a Morgan Stanley conference in Dana Point, Calif., came six days after Boeing said the first test flight was pushed back to mid-November or mid-December due to complications with final assembly and finalizing flight-control software.

July trade deficit
shows slight drop

WASHINGTON — The U.S. trade deficit declined slightly in July, helped by record exports that offset the biggest foreign oil bill in nearly a year. But even a spate of recalls did not stop the deficit with China from climbing to the second-highest level on record.

The trade deficit edged down 0.3 percent in July to $59.2 billion, compared with $59.4 billion the month before, the Commerce Department reported Tuesday. It was the lowest monthly imbalance since April.

Associated Press