The Boeing Co. announced Tuesday it is building a new extended-range version of its 737. All Nippon Airways is the launch customer for the new 737-700ER. ANA has ordered two of the extended-range planes, converting them from a previous order for standard-model 737-700s. The new model incorporates the body of a 110- to 150-seat 737-700 with the wings and landing gear of a larger 737-800 – a combination Boeing first used on Boeing Business Jets. With the larger wing, Blended Winglets and auxiliary fuel tanks, the new 700ER can fly up to 6,300 miles, which is 2,400 miles farther than the standard 737-700.
Bombardier cancels long-range aircraft
Canada’s Bombardier Inc. said Tuesday it has dropped plans to produce a new, long-range jet aircraft, blaming poor market conditions on its decision to shelve the $2.1 billion CSeries project.
Former Wal-Mart exec pleads guilty
A former Wal-Mart Stores Inc. vice chairman who was a protege of founder Sam Walton pleaded guilty to fraud and tax charges Tuesday, admitting that he stole money, gift cards and merchandise from the world’s largest retailer. Tom Coughlin, 57, faces a maximum of 28 years in prison after pleading guilty to five counts of wire fraud and one count of filing a false tax return. He also could be fined $1.35 million. Wal-Mart lawyers referred Coughlin to federal prosecutors after accusing him of embezzlement
Microsoft amends blog censorship
Microsoft Corp. is tightening its policies regarding shutting down Web journals after its much-publicized shutdown of a well-known Chinese blogger at that government’s request. The company said Tuesday that the changes will include efforts to make the banned content available to users elsewhere in the world even if Microsoft decides it has a legal duty to block it in a particular country.
Google profits disappoint market
Google Inc.’s fourth-quarter profit nearly doubled, but fell below high expectations. The Web search leader said Tuesday that it earned $372.2 million, or $1.22 per share, for the final three months of 2005. That represented an 82 percent increase from net income of $204.1 million, or 71 cents per share, in the previous year. Google released its results after the stock market closed Tuesday. Company shares plunged 13.7 percent in after-hours trading.
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