• BGI reported a 32% decline in pre-tax profit in the first half of 2008 vs. the first half of 2007 in part because of £196 million in reserves set aside to bolster its liquidity vehicles if needed. A story in the Aug. 7 P&I Daily contained incorrect information.
• Boeing Co.s proposal to end a defined benefit plan and create a new defined contribution plan was made for new employees enrolled in the International Association of Machinists and Aerospace Workers union, not the Society of Professional Engineering Employees in Aerospace.
Boeing has talked with SPEEA officials about the companys intention to make the proposal for new employees in that union but has not yet made a formal presentation, said Boeing spokesman Tim Healy. Boeing expects to begin negotiations with IAM members Aug. 21; negotiations with SPEEA members begin Oct. 27, he said.
A P&I Daily report July 28 said Boeing was making a formal proposal to both unions July 29.