February 17, 2012 |
Huawei Technologies Co. will place $6 billion in new supply orders with three California tech firms, raising the profile of the fast-growing Chinese telecom giant. Huawei executives said the investment would be spread over three years and was a “significant increase” over the its current contracts with Broadcom, Qualcomm and Avago Technologies. The announcement was made Friday morning in downtown Los Angeles. The three California tech companies will provide advanced information and communication technologies such as chipsets for Huawei's networks, solutions and mobile phones.
July 3, 2012 |
Factories got a vote of confidence in May, with customers placing more orders for U.S.-made goods after two months of declines, according to the government. But the 0.7% uptick in demand to $469 billion in new orders may not mask an overall decline in the manufacturing sector, which many analysts have pegged as a key driver for economic growth. The Commerce Department's report Tuesday showed a 1.3% increase in new demand for durable goods such as transportation and electrical equipment.
December 22, 2011 |
Los Angeles home builder KB Home reported a 20% drop in earnings in its fiscal fourth quarter compared with a year earlier as the company sold fewer homes in areas that yield higher profits, usually more affluent neighborhoods. But net new orders for homes grew 38% and gave the company its biggest year-end backlog since 2008, Chief Executive Jeffrey Mezger said Wednesday. "We believe these results demonstrate our success in adapting to current market realities and positioning our business for the future," Mezger said.
April 8, 2008 |
Airbus said deliveries of commercial aircraft rose 7% in the first quarter from a year earlier as it worked off a record backlog of 3,687 planes. New orders in the period also rose. Shipments reached 123 planes, including 102 of the A320 single-aisle series, 19 long-range planes and two A380 super-jumbo jets, the Toulouse, France-based company said. Airbus won new orders for 420 planes in the period compared with 134 a year earlier.
April 1, 2009 |
Lennar Corp., the second-worst performer among U.S. home-building stocks last year, fell 14% after posting a wider first-quarter loss. The loss was $155.9 million, or 98 cents a share, compared with $88.2 million, or 56 cents, a year earlier, the Miami-based company said. That exceeded the 78 cents projected in a Bloomberg survey. Revenue fell 44% to $593.1 million. Lennar wrote down $10.2 million for 1,100 home sites it no longer intends to build on and said new orders tumbled 28% even as mortgage rates hit historic lows.
April 13, 1989
Motorola Inc.: The Schaumburg, Ill., diversified firm said first-quarter profit rose to a record $123 million, up 8% from a year earlier. Sales rose 11% to $2.17 billion. The firm said higher operating profit in the semiconductor products sector and General Systems Group were partially offset by lower profit in the communications sector. New orders in all three businesses were records for any quarter. Tables, Page 14