Microsoft Corp. reported revenue and earnings for its fiscal second quarter that topped Wall Street expectations, as the company sold 3.9 million Xbox One consoles to retailers and doubled revenue from its line of Surface tablets from a quarter earlier.
Even after giving Boeing Co. one of the largest packages of tax breaks in U.S. history, state leaders in Washington told the aerospace giant in a proposal released Wednesday that they were ready to do even more.
Boeing is confirming an incident with a battery on a Japan Airlines 787, in a reminder of the problems that grounded the plane for three months last year.
After tallying a record number of airplane orders and deliveries last year, Airbus is admittedly facing a high bar in 2014.
Ford CEO Alan Mulally says he will not leave the automaker for Microsoft and will stay at Ford at least through 2014.
Boeing delivered 65 of its 787s last year, even though deliveries were halted for a four months because of battery problems.
Under pressure from national union leaders, machinists in Washington state took a late-night vote that defied their local union bosses by narrowly approving a new labor contract that secures a coveted plane project for the Seattle area but moves workers away from pensions.
After much soul searching by union members, the 8-year contract extension passed with just 51 percent voting yes.
Federal authorities filed criminal and civil charges Thursday against a former Microsoft manager, saying he fed inside information to a day trader who used it to clear $393,000 in illicit transactions.
Local machinists spokesman Bryan Corliss said Friday that the company withdrew its latest contract offer after union leaders told Boeing Co. they could not recommend the proposal to members.
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