Spend Matters Afternoon Coffee

Boeing takes defense contracting inside.

Boeing to Buy Argon ST to Expand Electronics Business -- Boeing Co. agreed to buy defense contractor Argon ST Inc. for $34.50 a share in cash, expanding the planemaker's reach into the market for military electronics. The purchase values Argon ST at 41 percent more than yesterday's closing price of $24.43 a share, according to statements today from the Fairfax, Virginia-based company and from Boeing.

Boeing's military business includes making aircraft as well as electronics and missile defense systems, generating sales of $33.7 billion in 2009. Counting civilian and military aircraft, the company is the world's largest planemaker and had revenue totaling $68.3 billion last year.

It's not as bad as we think?

EU banks borrow less than feared -- EU banks have borrowed less than expected from the European Central Bank, easing concerns about liquidity among financial institutions.

Personally, 131.9 billion Euros still seems like a pretty scary amount...

What to do after dreams come true -- and there's not enough money to realize them?

Smelter's Shut, So Now What? -- After fighting for years to close a pollution-belching copper smelter, residents of [El Paso] are now wrestling with what to do with the plant, which closed permanently last year. At meetings convened by the city this month, local residents have been outlining hopes for everything from a white-water-rafting park to an observation deck atop the smelter's 800-foot tall smokestack. But a limited cleanup budget, and the heavy toxins that contaminate the old smelter, are narrowing the options as the city prepares to seek developers for the 458-acre site near downtown.

What to do with the mess left over from toxic waste? I see this being a problem with the Gulf as well...there will be a budget for clean-up, but it'll only stretch so far.

Graduate jobs are up in England.

Finance sector drives graduate jobs recovery -- Graduate job opportunities have bounced back in the financial sector - but there are tough times in the public sector, according to an annual survey. The High Fliers survey of 100 top employers shows a reversal of last year's collapse in graduate jobs. The survey shows a significant improvement for university leavers -- with vacancies up by 18% and average starting salaries increased to £29,000.

Apparently the opposite is true here in the states, according to this article.

Sheena Moore

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