Boeing has taken yet another step in it’s effort to once again become the leader in the commercial aerospace industry, a status that had been claimed in recent years by Airbus, Boeing’s European rival. After an announcement of a new order worth $6 billion from Air Canada, Boeing announced Tuesday that Air India had ordered [...]

With 217 total orders and commitments for the 787, shares in U.S. aircraft manufacturer Boeing advanced by nearly 3 percent to $59.50 in early trading on Monday. This number of orders included a newly announced deal for Air Canada to purchase 14 787s and 18 777s from the Chicago-based Boeing, for a total of around [...]

Eastman Kodak will likely lay off 15,000 employees and close approximately a third of its factories by 2006 as it shifts from traditional photography to digital photography. Already feeling the repercussions of the shift, and the high cost of restructuring involved in the shift, Kodak reported a net first quarter loss of $142 million in [...]

The tactic of offering gasoline sales at warehouse club stores does not seem to be paying off in the current climate of rising gas prices, as two such companies saw the value of their shares drop in early trading on Friday illustrated. Costco Wholesale Corp., the largest warehouse club operation in the United States, saw [...]

Viacom reported a 7 percent rise in its first-quarter operating profits in spite of poor performance by its radio and television divisions, as its cable networks showed strong growth. This sent Viacom’s shares up 2.7 percent, or 94 cents, to $34.90 in mid-day trading in New York on Tuesday. Viacom’s overall earnings in the first [...]

Southwest Airlines, the Dallas-based U.S. budget air carrier and the only U.S. air carrier to show profits regularly since the World Trade Center attacks of 2001, reported Thursday that it had first-quarter net earnings of $76 million, up from $26 million in the same period last year. It is the first company in the U.S. [...]

Harley-Davidson announced on Wednesday that earnings are lower than expected and that the company would be cutting production in 2005. This news sent shares of the Milwaukee-based motorcycle manufacturer down 17 percent, and at midday its price per share sat at $48.84. Second-quarter sales are estimated to be lower than last year based on flat [...]

In the past few years several companies, such as Intellisync, Good Technology, and Visto, have entered the mobile e-mail market. All are relatively small, however, and most analysts believe that they will have to consolidate into larger companies if they wish to challenge Research In Motion’s (RIM) BlackBerry, currently the largest mobile e-mail handler, or [...]

In the fight between Verizon Communications and Qwest Communications to take over MCI, Verizon has taken what is probably a commanding advantage over Qwest by making a deal over the weekend to buy out MCI’s largest shareholder’s 13 percent share of the company. Verizon, the largest U.S. telecommunications company, agreed to pay Carlos Slim $1.1 [...]

The North American launch of Sony’s new PlayStation Portable (PSP), a handheld game console that will also play music, films, and Tivo recorded shows as well as allowing instant messaging capability, was declared a success by the company, with over 500,000 units sold in the first two days and $150 million in sales in its [...]