News
WASHINGTON -- The U.S. government today reported that orders to U.S. factories for big-ticket
durable goods fly higher in June, boosted by demand for commercial aircraft.
Durables orders rose 3.1% in June, well above the 1.7% gain previously forecast by Wall Street.
Durables orders rose 3.1% in June, well above the 1.7% gain previously forecast by Wall Street.
Commercial aircraft rose 8.8%, reversing two months of big declines. Last month, Boeing booked orders for 135 aircraft, up from 33 in May.
Analysts believe that output in the manufacturing sector will continue to rise in coming months but at a slower pace, reflecting an economy that is slowing under the impact of surging energy prices, rising interest rates and the cooling housing market.
TOKYO -- Sony, Canon and NEC are fueling a comeback among Japan's electronics companies this year.
Link to AP story here.
Link to AP story here.
MINNEAPOLIS -- CyberOptics Corp. reported sales of $14.6 million, up 73%
a year ago and down 1.1% sequentially, for its second quarter ended June 30.
Net income rose 844% to $1.9 million year-on-year, and 31% from the first quarter. Operating income jumped to $2.5 million from $26,000 a year ago and was up 34% sequentially.
Net income rose 844% to $1.9 million year-on-year, and 31% from the first quarter. Operating income jumped to $2.5 million from $26,000 a year ago and was up 34% sequentially.
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