April 2011 Current Events: Business News

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Here are the key events in business news for the month of April 2011.

  • Hole in Jet Sidelines Southwest Planes (April 1): A 5 ft. hole rips open in the roof of a Southwest Airlines jet traveling to Sacramento from Phoenix. The plane, a 15-year-old Boeing 737-300 carrying 118 passengers makes an emergency landing at Yuma Marine Corps Air Station in Arizona. No one is seriously injured. The airline reports that the hole resulted from cracks in the aluminum due to metal fatigue. Boeing, the maker of the jetliner, says that the fatigue is happening earlier than expected. Southwest Airlines cancels several flights to run inspections. Inspections find similar cracks in 2 Boeing 737 jetliners, but 19 other planes are tested and cleared. Southwest plans to test 58 more planes.

  • BP Wants to Resume Drilling in Gulf (April 4): BP is asking U.S. regulators for permission to resume drilling in the Gulf of Mexico. The request puts the Obama administration in the hot seat, having to balance the need to increase domestic oil production with safety concerns. The petition comes less than a year after a rig leased by BP explodes, killing 11 workers and causing the world's largest oil spill.

  • Pringles Sell for 2.35 Billion (April 5): Diamond Foods buys Pringles from Proctor & Gamble for $2.35 billion. Pringles, considered a flop until the company tweaked its flavor in 1980, is Proctor & Gamble's last food brand.

2011 Current Events