T-bill rates

The Treasury Department auctioned $35 billion in three-month bills at a discount rate of 0.115 percent, up from 0.085 percent last week.

An additional $30 billion in six-month bills was auctioned at a discount rate of 0.130 percent, up from 0.120 percent last week.

The average yield for one-year Treasuries was unchanged at 0.15 percent last week.

Beechcraft restarts

Wichita-based Beechcraft, formerly Hawker Beechcraft, has emerged from bankruptcy protection as a slimmed-down company.

The renamed company’s formal announcement Tuesday came just two weeks after its reorganization plan was approved by the U.S. Bankruptcy Court in the Southern District of New York.

It allows the company to exit bankruptcy with a reduced debt load better positioned to compete in special mission, trainer and light attack airplane markets while retaining its turboprop King Air line of planes.

Bonus boy

Ford will pay a bonus to chief executive officer Alan Mulally after his employment ends as reward for leading the second-largest U.S. automaker through its turnaround.

The payment will be based on Ford’s contributions to Mulally’s company retirement and benefit equalization plans, the company said Tuesday in a regulatory filing.

Mulally’s compensation for 2012, including salary and benefits, will be revealed later this year in the company’s proxy statement.

Ford rewarded Mulally with stock worth $58.3 million in March 2012 and $56.6 million a year earlier.

Martha Stewart dispute

Macy’s will go to court in New York on Wednesday to try to persuade a judge to permanently block Martha Stewart Living Omnimedia’s pact with J.C. Penney.

Macy’s sued Martha Stewart Living in New York State Supreme Court in Manhattan in January 2012 to stop it from proceeding with an agreement announced with J.C. Penney the previous month.

Macy’s says it has an exclusive right to sell Martha Stewart products in categories such as bedding and cookware.