Boeing swings to profit, boosts outlook, and lifts R&D target

11:40 am ET Jul 25, 2007

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Boeing swings to profit, boosts outlook, and lifts R&D target

SAN FRANCISCO
Boeing Co. swung to a second-quarter profit on demand for its commercial
airplanes, bumped up its full-year earnings forecast, and lifted R&D
targets to keep its next-generation 787 on schedule.

Amazon shares surge on earnings news, upgrades

SAN FRANCISCO
Shares of Amazon.com soared to new highs Wednesday morning after the
online retailer reported that earnings more than tripled for the second
quarter thanks to strong sales and lower expenses.