Federal briefing on irradiation
Advertiser Staff and News Services
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The U.S. Nuclear Regulatory Commission has scheduled a public meeting next Wednesday in Honolulu to discuss a proposal by Pa'ina Hawai'i LLC to build an irradiator near Honolulu International Airport to treat fresh fruit and vegetables for export to the Mainland.
Irradiators use X-rays to penetrate food and packaging to kill fruit flies and other insects in export products, including produce.
NRC staff will be on hand at the meeting to provide information on the process that will be used to review Pa'ina's application.
The meeting is set for 7 p.m. at the Ala Moana Hotel. For more information, visit www .nrc.gov.
SEC ACCUSES EX-KMART CHIEF
DETROIT — The Securities and Exchange Commission yesterday filed civil charges against two former Kmart executives, accusing them of making "materially false and misleading" disclosures to shareholders before the retailer's 2002 bankruptcy filing.
The complaint filed in U.S. District Court in Detroit charges former Chairman and CEO Charles C. Conaway and former Chief Financial Officer John T. McDonald with securities fraud and aiding and abetting securities fraud.
It also accuses them of aiding and abetting violations of rules that require publicly traded companies to file quarterly reports and to include material information in the reports so they are not misleading.
GE, ROLLS-ROYCE WIN $2.5B JOB
EVENDALE, Ohio — A joint venture by General Electric Co. and Rolls-Royce PLC has won a $2.47 billion contract to develop an engine for the military's next-generation stealth jet fighter.
The contract is the largest military developmental contract in about 20 years for Fairfield, Conn.-based GE's jet-engine division, GE Aircraft Engines, which is based in this Cincinnati suburb and employs about 6,800.
GE was named the majority partner in a 60-40 joint venture with Rolls-Royce.
