Financial News Wed Apr 25th 2012 – Apple Profit, Boeing beats Airbus


Financial News Wed Apr 25th 2012 – Apple Profit, Boeing beats Airbus

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    The Wall Street Journal reports, Apple’s quarterly profit nearly doubled, as iPhones and iPads continued to fly off the shelves, putting to rest recent worries, that the company can’t maintain its momentum. Shares gained more than 7%, in after-hours trading yesterday—after falling in 10 of the past 11 regular trading sessions, amid concerns about a potential iPhone slowdown. Instead, iPhone shipments jumped 88% in the quarter, as Apple continued to penetrate new markets like China.
    Bloomberg reports, Boeing’s first-quarter profit beat analysts’ estimates, as the world’s biggest aerospace company delivered more commercial jets, while pushing production to record levels. Earnings rose 58 percent to $923 million. Boeing shipped 137 jetliners last quarter, compared with 131 deliveries, by rival Airbus, as the plane maker moves to recapture the title of biggest commercial jet producer, it had lost in 2003. Boeing is boosting output, by more than 60 percent in the four years through 2014, to pare a record order backlog, from customers seeking more fuel-efficient jets.
    Finally Reuters reports, there might be a solution, to those of us who are tired of the wolf whistles and cat calls, that seem to be the universal welcome, for women passing construction sites. New York City is creating an app for that. City Council Speaker Christine Quinn, said yesterday, that $20,000 in city funding, has been approved for development of a mobile-phone application, to fight sexual harassment on the streets and subways. It will be developed by the creators of hollabacknyc.com, a website that asks people to use camera phones, to take a photo or video of their harasser and post it online.

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