Business news

Deborah Shaar / KMUW

British convenience store operator EG Group is buying Kroger's convenience store unit for $2.15 billion as it expands into the U.S.

Kroger — the parent company of Hutchinson-based Dillons — and other grocery store operators are facing tougher competition from companies including Walmart and Amazon. Kroger, based in Cincinnati, has been considering a sale of its convenience store operations since October.

Spirit AeroSystems reported strong growth in 2017 and expects similar results in 2018, according to an earnings report released Friday.

The city’s largest employer said revenue was up about 3 percent in 2017, to $7 billion. Revenue in 2018 is forecast to grow slightly.

Operating income dropped about 20 percent in 2017 to $569 million, due mostly to a new contract with Boeing, its biggest customer, the company said. But Spirit is forecasting income growth in 2018.

OSHA has cited Spirit AeroSystems for exposing workers to high levels of a cancer-causing agent, a claim the company disputes.

The Occupational Safety and Health Administration said in a news release Wednesday that some Spirit employees were exposed to hexavalent chromium at nearly twice the permissible limit. OSHA cited the company for one willful and five serious violations it observed in August. The agency is proposing penalties of nearly $200,000.

Paul Thompson / flickr Creative Commons

Boeing Co. is forecasting better-than-expected earnings and revenue in 2018.

Along with rival Airbus, Boeing is benefiting from demand for new airliners that has created huge backlogs lasting several years. Aircraft deliveries are generating immediate cash faster than Wall Street expected.

Spirit AeroSystems, Wichita's largest employer, is a major supplier to Boeing and also does work for Airbus. Spirit will release its fourth-quarter and 2017 financial report on Friday.

Paul Thompson / flickr Creative Commons

Delivering a big defeat to Boeing, a U.S. trade panel ruled Friday that the aircraft giant was not harmed by competition from Canada's Bombardier.

The 4-0 decision by the independent International Trade Commission effectively blocks the Trump administration from slapping a 292 percent tariff on Bombardier products.

The U.S. Commerce Department ruled last year that the Canadian firm had unfairly received government subsidies and sold its C Series planes at artificially low prices in the United States. The trade panel disagreed.

Nadya Faulx / KMUW

The span of central Wichita known as the Douglas Design District is planning for major changes in the next few years.

The district, established 10 years ago, stretches from Washington to Oliver, and from Second Street down to Kellogg.

“Our membership in the last couple of years has taken a dramatic upswing," says district president Janelle King. "We project there [are] about 300 local businesses along the district.”

Paul Thompson / flickr Creative Commons

Boeing said Monday that the Federal Aviation Administration has cleared its 787-10 Dreamliner for commercial service.

That’s good news for Wichita’s Spirit AeroSystems, a major supplier to the Dreamliner program.

The 787-10 is the latest version of the Dreamliner. It can seat 330 passengers and has a range of more than 7,000 miles, according to a news release from Boeing. Other international aviation regulatory agencies are expected to follow the FAA's ruling and certify the airliner, the release said.

Kansas City Left Off Amazon's List For HQ2

Jan 18, 2018
Robert Scoble / flickr Creative Commons

Kansas City did not make the short list to be home to Amazon’s second headquarters.

Nadya Faulx / KMUW/File photo

The Greater Wichita Partnership announced Thursday that Sedgwick County will not be offering any incentives to help lure a Tyson chicken processing plant.

Spirit Plans To Add 1,000 New Jobs In Wichita

Dec 6, 2017
Stephan Bisaha / KMUW

Spirit AeroSystems announced a plan Wednesday to add 1,000 new jobs and invest $1 billion in its Wichita facility over the next five years.