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Jul 25, 2012

Boeing beats second-quarter profit estimates, raises forecast

SEATTLE (Reuters) – Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz) reported a greater-than-expected 3 percent increase in second-quarter profit and raised its full-year earnings forecast on Wednesday as rising airplane deliveries and defense sales offset higher pension costs.

The planemaker and defense contractor is rapidly ramping up production to meet rising demand for new, fuel-efficient planes and is set to overtake rival Airbus (EAD.PA: Quote, Profile, Research, Stock Buzz) in plane deliveries this year. At the same time, it is weathering cuts in U.S. defense spending.

Jul 25, 2012

Boeing beats 2nd-qtr profit estimates, raises forecast

SEATTLE, July 25 (Reuters) – Boeing Co reported a
greater-than-expected increase in second-quarter profit and
raised its full-year earnings forecast on Wednesday as rising
airplane deliveries offset higher pension costs.

The planemaker and defense contractor is rapidly ramping up
production to meet rising demand for new, fuel-efficient planes
and is set to overtake rival Airbus in plane deliveries
this year.

Jul 20, 2012

Microsoft posts quarterly loss but beats Wall Street

NEW YORK (Reuters) – Microsoft Corp reported its first quarterly loss as a public company on Thursday as it took a previously announced hit for writing down the value of its ailing online unit, but held up better than expected in the face of stagnant computer sales.

Excluding the multibillion-dollar write-down, which was signaled earlier this month, and factoring in some deferred Windows revenue, the world’s largest software company actually exceeded Wall Street’s expectations, boosting its shares in after-market trading.

Jul 19, 2012

Microsoft posts quarterly loss, flat revenue

NEW YORK (Reuters) – Microsoft Corp reported its first quarterly loss as a public company on Thursday as it took a previously announced hit for writing down the value of its ailing online unit and suffered stagnant sales of its flagship Windows operating system.

Excluding the multibillion-dollar write-down, which was signaled earlier this month, and factoring in some deferred Windows revenue, the world’s largest software company actually exceeded Wall Street’s expectations, boosting its shares slightly higher in post trade.

Jul 5, 2012

Microsoft stumbles into crucial financial year

SEATTLE (Reuters) – An ugly first week for Microsoft Corp’s new financial year, probably its most important to date, has done little to inspire confidence that the software giant can jumpstart a stubbornly stagnant share price.

The world’s largest software company, whose stock remains mired around $30, had prepared a multi-pronged assault to try and break into the crucial mobile computing space this year and take Apple Inc and Google Inc down a peg.

Jul 5, 2012

Boeing seeks big Farnborough orders under new boss

SEATTLE (Reuters) – Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz) heads to the year’s biggest airs show under a new leader looking to make a hit with its latest single-aisle aircraft and undermine Airbus’ leadership of the global $100 billion a year airliner market.

The world’s No. 2 aircraft maker, which put top salesman Ray Conner in charge of its commercial plane unit only last week, will also be grilled by international customers on how it plans to replace its successful but aging 777 mini-jumbo and increase production across the board.

Jul 3, 2012

U.S. unions disappointed with Airbus Alabama location

SEATTLE (Reuters) – U.S. labor groups said they were disappointed with Airbus’ decision to build its first U.S. plant in Alabama, where it is effectively impossible to form a powerful union, and warned non-union work could drive down wages across the board in one of the last bastions of U.S. manufacturing.

The move follows rival Boeing Co, whose commercial aircraft unit has made increasing use of non-union labor over the last five years, culminating last year in the opening of a final assembly plant for 787s in South Carolina.

Jul 3, 2012

Microsoft takes $6.2 billion charge, slows Internet hopes

SEATTLE (Reuters) – Microsoft Corp admitted its largest acquisition in the Internet sector was effectively worthless and wiped out any profit for the last quarter, as it announced a $6.2 billion charge to write down the value of an online advertising agency it bought five years ago.

The announcement came as a surprise, but did not shock investors, who had largely forgotten Microsoft’s purchase of aQuantive in 2007, which was initially expected to boost Microsoft’s online advertising revenue and counter rival Google Inc’s purchase of digital ad firm DoubleClick.

Jul 2, 2012

U.S. unions greet Airbus with silence, wariness

SEATTLE (Reuters) – U.S. aerospace unions stayed largely quiet on Monday as Europe’s Airbus announced plans to build its first airliner assembly plant in Mobile, Alabama, free of union representation.

Some welcomed the creation of jobs on U.S. shores, but expressed wariness that non-union work would drive down wages across the board in one of the last bastions of U.S. manufacturing.

Jun 27, 2012

Boeing taps salesman Conner to run commercial planes

SEATTLE (Reuters) – Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz) appointed a new head of its commercial plane unit on Tuesday, turning to a veteran engineer-turned-salesman to help gain the upper hand in its battle with Airbus for the $100 billion-a-year aircraft market.

The surprise move, just weeks before the Farnborough Airshow, comes as Boeing attempts to ramp up production of its civil aircraft, including the troubled 787, and regain its leading position in the key single-aisle market after losing a large American Airlines (AAMRQ.PK: Quote, Profile, Research, Stock Buzz) order to rival Airbus.

    • About Bill

      "Bill Rigby is Reuters' chief correspondent in Seattle, reporting on Microsoft and Boeing and overseeing coverage of general news in Washington state, Oregon and Alaska. He has been a Reuters journalist since 1998, reporting on banks, insurers, stock markets, defense companies and airlines from Reuters bureaux in London, New York and Seattle."
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