Business in Brief

Original stereo pressing of Beatles’ debut album sells for $11,500

Updated: 2013-03-23T02:26:06Z

Priceless? Not quite

An original stereo pressing of the Beatles’ debut album, “Please Please Me,” sold for 7,552 pounds — $11,500 — at an auction Friday in northwest England, exactly 50 years after the band released that first vinyl LP.

Presented in a frame with a set of autographs on a magazine page featuring the Fab Four, it was one of 280 lots of Beatles memorabilia being offered in an anniversary sale.

Cracks in union

By rejecting a bailout and turning to Russia for help, some analysts say, Cyprus has exposed the growing frustration and dwindling solidarity within the European Union, a bloc meant to bring the continent closer together.

Talks about a Russian rescue appeared stalled Friday, but experts said the idea of seeking Russian money alone raised doubts about the legitimacy of the European project — notably over perceived German dominance and threats to national sovereignty. The spectacle of an EU member seeking salvation from the old Cold War enemy has raised questions about how far Europe will go to preserve the bloc.

Boeing scolded

Boeing’s comments about the smoldering batteries on its 787 have annoyed the National Transportation Safety Board.

Boeing gave its own account of two battery incidents, which included a fire, at a detailed press briefing in Tokyo last week. The problem is that the NTSB is still investigating the incidents. Boeing is a party to the investigation, meaning it provides technical experts and, in effect, gets a seat at the table as investigators try to sort out what happened.

Boeing’s “failure to inform the NTSB of the content off the recent technical briefing in Tokyo prior to its occurrence is inconsistent with our expectations for a party,” the safety board wrote.

The letter released late Thursday noted that on the day of the battery fire in Boston, someone from Boeing signed a certification committing it to the safety board’s guidelines for participating in the investigation.

Bausch & Lomb IPO

Bausch & Lomb Holdings, the maker of eye care products owned by Warburg Pincus, filed for an initial public offering in the U.S.

The company wants to raise $100 million, according to a regulatory documents Friday.

Bausch & Lomb generated $3 billion in sales last year, with more than 40 percent in North America.

Tiffany profits

Tiffany said its fourth-quarter net income edged up less than 1 percent but still beat Wall Street predictions as strong customer demand in Asia for its pricey jewelry offset weakness in the U.S.

For the quarter ending Jan. 31, Tiffany earned $179.6 million, or $1.40 per share. Revenue rose 4 percent to $1.24 billion.

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