Hollingsworth Daily Post

• Boeing is delaying delivery of its first new-generation 787 Dreamliner aircraft until early 2011.Japan's All Nippon Airways was due to take delivery of the aircraft at the end of this year.The 787 project has already been delayed for more than two years, following a series of hitches.


• Japan's core consumer prices index fell for the 17th month in a row in July, underlining the country's entrenched problems with deflation.The index, which excludes fresh food, fell 1.1% from July last year.Deflation is adding to economic worries in Japan, where the strong yen is making exports more expensive.Japan's "lost decade" of deflation in the 1990s hit company profits as consumers delayed purchases to await even cheaper deals.


• Toyota has announced another recall involving more than one million cars in the US and Canada with potentially faulty engine control systems.The models affected are the Corolla and Matrix made between 2005 and 2008.TheJapanese carmaker said three unconfirmed accidents were "alleged to be related" to the problem, one of which resulted in a "minor injury".Last month, Toyota recalled 700,000 cars worldwide and has now recalled about 10 million in the past year.


• The Pensions Regulator has been asked to decide on the funding of the main EMI pension scheme because the trustees and the company cannot agree.It will be the first time the regulator has decided how much extra cash should be pumped into a company scheme to clear its deficit.The shortfall in the EMI fund is estimated at between £115m and £217m.But the company has hinted that if the regulator's ruling is too harsh it might tip the firm into insolvency.


• Hewlett Packard (HP) has raised its bid in the battle with rival Dell to take control of data storage firm 3Par, with an offer of $1.8bn (£1.2bn).The move comes just hours after Dell agreed a deal to take over 3Par, having matched HP's earlier bid of $1.6bn, tabled on Monday.HP said its offer was "superior" and it was in a better position than its rival to execute the deal.Observers are now waiting to see if Dell can again match HP's offer.


• Defence manufacturers have asked David Cameron to clear up confusion over how the replacement for Britain's nuclear deterrent will be funded.The chairman of the industry body ADS, Ian Godden, said uncertainty over the Trident missile system was unsettling both investors and the UK's allies.There are concerns as to what way the successor to Trident would impact on wider defence spending.


• Blackberry-maker Research in Motion has said it is willing to work with India to support the country's need for "lawful access" to encrypted services.RIM and the Indian government are holding last-minute talks ahead of a 31 August deadline, when a ban on the devices is due to begin.India wants the ability to monitor secure e-mail and instant messaging services provided by the firm.


• Brazil's government has given the formal go-ahead for the building on a tributary of the Amazon of the world's third biggest hydroelectric dam.After several failed legal challenges, President Luiz Inacio Lula da Silva signed the contract for the Belo Monte dam with the Norte Energia consortium.Critics say the project will damage the local ecosystem and make homeless 50,000 mainly indigenous people.

BBC Business News 27 August 2010