Airplane manufacturer Adam Aircraft said Tuesday it has completed a $93 million funding round.
The company, based in Englewood, Colo., and with a manufacturing facility in Ogden, said the funds would be used to quicken the certification of its A700 AdamJet and the production ramp-up of its A500 twin-engine piston plane.
New investor DCM led the round and was joined by new investors including Mesirow Financial, W Capital Partners, D.E. Shaw Laminar Portfolios LLC, Acadia Woods Partners and various European investors. They joined previous investors Goldman Sachs and Hunt Growth Capital in the round.
Consumer confidence
A better hiring outlook and lower gas prices pushed a measure of U.S. consumer confidence to its highest level in four and a half years.
5th iPhone app
Clayton Ward, a 10th-grader from West Jordan,has created five apps for the Apple operating systems.
poorer people charitable
A 2009 study showed the poor give a higher percentage of their income to charity than rich people.
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