Published: Saturday, July 31, 2010
Congress OKs bill prompted by deadly air crash
Congress on Friday approved far-reaching aviation safety legislation developed in response to a deadly commuter airline crash in western New York last year. The safety measures apply to all airlines and are the first comprehensive attempt in decades to revise rules governing pilots. They would force airlines to hire more experienced pilots, investigate pilots' previous employment more thoroughly and train them better. The legislation also requires a major overhaul of rules governing pilot work schedules to prevent fatigue. The Senate approved the measure without debate, following similar action by the House Thursday night.
Chrysler promises 900 jobs in Detroit
Chrysler Group LLC said Friday that it will add nearly 900 jobs at a factory in suburban Detroit. Its decision is a show of optimism that consumers will embrace its redesigned midsize sedans. The company made the announcement at another Detroit-area plant just before President Barack Obama spoke there about the success of the government-funded auto industry bailout. The jobs will staff a second shift at Chrysler's assembly plant in Sterling Heights, Mich., just north of Detroit. The plant makes the slow-selling Dodge Avenger and Chrysler Sebring midsize sedans. In the fall, the company plans to start selling new versions of the cars that it says will be updated from top to bottom.
Gas price rise boosts Chevron earnings
Chevron's second-quarter earnings tripled on better refining margins and higher prices for oil and natural gas, the company said Friday. Chevron reported income of $5.4 billion, or $2.70 per share, for the three months ended June 30. That compares with $1.7 billion, or 87 cents per share, in the same part of last year. Revenue jumped 32 percent to $53 billion. Chevron easily beat most Wall Street expectations. Analysts had expected earnings of $2.44 per share on revenue of $52.5 billion. Chevron's results mirror other oil companies.
Cell phone sales rebound this year
The number of cell phones shipped worldwide rose 14.5 percent in the second quarter compared with a year earlier, with much of the growth coming from smaller challengers like the iPhone and BlackBerry, according to research firm IDC. Manufacturers shipped 317.5 million phones in the quarter, IDC said in its report late Thursday. It's based on publicly reported figures from the major phone manufacturers. Phone sales took a dip during the recession, but have now recovered to 2008's levels. The industry has left the recession with a different look. Nokia Corp. of Finland is still the world's largest maker of phones, but its growth is slower than the industry's and its share of the market is 35 percent compared to 40 percent two years ago. Motorola Inc. has fallen to seventh place from number three. Samsung Electronics Co. and LG Electronics Inc. are No. 2 and 3.
From Herald news services
Chrysler promises 900 jobs in Detroit
Chrysler Group LLC said Friday that it will add nearly 900 jobs at a factory in suburban Detroit. Its decision is a show of optimism that consumers will embrace its redesigned midsize sedans. The company made the announcement at another Detroit-area plant just before President Barack Obama spoke there about the success of the government-funded auto industry bailout. The jobs will staff a second shift at Chrysler's assembly plant in Sterling Heights, Mich., just north of Detroit. The plant makes the slow-selling Dodge Avenger and Chrysler Sebring midsize sedans. In the fall, the company plans to start selling new versions of the cars that it says will be updated from top to bottom.
Gas price rise boosts Chevron earnings
Chevron's second-quarter earnings tripled on better refining margins and higher prices for oil and natural gas, the company said Friday. Chevron reported income of $5.4 billion, or $2.70 per share, for the three months ended June 30. That compares with $1.7 billion, or 87 cents per share, in the same part of last year. Revenue jumped 32 percent to $53 billion. Chevron easily beat most Wall Street expectations. Analysts had expected earnings of $2.44 per share on revenue of $52.5 billion. Chevron's results mirror other oil companies.
Cell phone sales rebound this year
The number of cell phones shipped worldwide rose 14.5 percent in the second quarter compared with a year earlier, with much of the growth coming from smaller challengers like the iPhone and BlackBerry, according to research firm IDC. Manufacturers shipped 317.5 million phones in the quarter, IDC said in its report late Thursday. It's based on publicly reported figures from the major phone manufacturers. Phone sales took a dip during the recession, but have now recovered to 2008's levels. The industry has left the recession with a different look. Nokia Corp. of Finland is still the world's largest maker of phones, but its growth is slower than the industry's and its share of the market is 35 percent compared to 40 percent two years ago. Motorola Inc. has fallen to seventh place from number three. Samsung Electronics Co. and LG Electronics Inc. are No. 2 and 3.
From Herald news services
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