Bothell’s SonoSite Inc. announced Tuesday that it has received clearance from the Japanese Ministry of Health, Labor and Welfare to market and distribute the SonoSite(R) 180PLUS and the SonoHeart(R) PLUS hand-carried ultrasound devices in Japan. “The clearance of the SonoSite PLUS platform in Japan signifies another major milestone for the Company,” said Kevin Goodwin, president and CEO of SonoSite. Earlier versions have been well received in Japan, he said.
European aircraft maker Airbus said Tuesday that a prototype A318 jetliner successfully flew a test run for the first time Tuesday, but that the plane’s two engines do not meet the required performance goals. The 100-seat aircraft is powered by Pratt &Whitney engines. Spokesman Tore Prang said the engines still must be improved, but the work shouldn’t delay delivery of the first models in 2003.
The federal agency assigned to root out discrimination on the job can seek money or other damages in court for employees who have signed away their rights to sue, a divided U.S. Supreme Court ruled Tuesday. In a setback for employers, the high court held that the Equal Employment Opportunity Commission may sue on behalf of a short-order cook fired after he had a seizure at a Waffle House restaurant. He had agreed not to sue the company. The EEOC did not sign such an agreement and is not bound by it, Justice John Paul Stevens wrote for the majority.
Intel Corp.’s fourth-quarter earnings fell 77 percent but beat Wall Street expectations after stronger-than-expected sales during the holidays. For the three months ended Dec. 29, Intel earned $504 million, or 7 cents a share, compared with $2.2 billion, or 32 cents a share, in the same period last year. Fourth-quarter revenues were $6.98 billion, compared with $8.70 billion in the same period a year ago. Analysts were expecting revenues of $6.8 billion.
Quarterly earnings at eBay Inc. beat analysts’ expectations Tuesday, and the Internet trading site offered a strong outlook for the first half of 2002. After casting itself as a major shopping destination over the holidays rather than a specialty site for hard-to-find used items, eBay saw fourth-quarter profits rise 9 percent and revenue jump 64 percent. The San Jose-based company earned $25.9 million, or 9 cents a share, on revenue of $219.4 million in the quarter, which ended Dec. 31.
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