Boeing Co has embarked on deeper-than-expected cuts in its strategy ranks, halving the number of planners working within key divisions as it refocuses energies on tackling industrial pressures, people familiar with the matter said.

Century Pacific Food Inc. (CNPF) is deepening its footprint in the global coconut industry with a USD45 million (P2.6 billion) investment to acquire and upgrade a coconut processing facility in Tupi, South Cotabato, as demand for coconut-based products surges worldwide.

With official jobs data unavailable due to the US government shutdown since October 1, markets turned to the Federal Reserve’s Beige Book for a pulse on the economy. It merely confirmed what previous official data showed—tepid business and economic activity that had earlier spurred the Fed to cut interest rates in hopes of jumpstarting a muted labor market.