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Boeing (NYSE:BA) has reported a 20% rise in quarterly profits, beating analyst expectations. The aerospace company also raised its annual earnings forecast.
Higher sales volumes of commercial aircraft and strong core performance across the company’s businesses led to a strong quarterly net profit of $941 million in the three months to June, up nearly 20% from the same period a year ago.
Boeing shares were the strongest performer in the Dow Jones Industrial Index on Wall Street, closing the day up 0.7% at $70.63.
Looking into the future, Boeing trimmed its overall aircraft delivery guidance and sales forecast for its defense business, but raised the margin outlook for both businesses.
Boeing delivered 118 commercial airplanes in the reporting quarter, up from 114 a year earlier. Most deliveries under its defense, space and security programs were F/A-18E/F and EA-18G fighter jets, followed by new builds of Chinook helicopters.
With all the commentaries coming from various states regarding Arizona’s decision on
in essence profiling, have you look into your own backyards for justice.
I’m not upholding Arizona’s decision, but for other states to get on the band wagon is
not fare. To denied essential goods into the state whether commerce or social activities.
is not right. We do understand there is a serious plight of unemployment throughout the
nation, this effects more than just your average commentaries. Let the politicians hammer
out a definitive agreement, with a compromise for all involved. I’m not saying I agree or
disagree, but be fair in your judgement analysis of immigration.
At this point, I believe most Americans would accept the jobs folks thought we wouldn’t
work. Bills have to be paid, families cared for and raised. The state in which I reside wants
to ban certain aspects of Arizona to our state, are you kidding me. Our city is a mess let’s
try to cleanup our own backyard prior to denouncing another. With any decisions comes changes
and challenges, how we cope with those states who we are.
Efforts to legalize marijuana for recreational use are gaining momentum in Washington state and Colorado, despite fierce opposition from the federal government and a decades-long cultural battle over America’s most commonly used illicit drug.
Officials in Washington state on Friday said an initiative to legalize pot has enough signatures to qualify for the ballot in November. In Colorado, officials are likely this week to make a similar determination about an initiative there.
Supporters are prepared to possibly spend millions of dollars ahead of the November ballot, when they hope a strong voter turnout, particularly among youth, for the U.S. presidential election will aid their cause.
“Whether it’s make or break depends on what public opinion does after 2012, but in terms of voter turnout this is the best year to do it,” said Alison Holcomb, director of New Approach Washington, the initiative’s sponsor.
While 16 states, including Washington and Colorado, along with the nation’s capital, now allow marijuana use for medical purposes, cannabis remains an illegal narcotic under U.S. law – and public opinion is sharply divided on the merits of full legalization.
California voters turned back a ballot initiative to legalize marijuana for recreational use in 2010, in part because of concerns about how production and sale of the drug would be regulated.
Undeterred, supporters of the Washington state initiative say it represents the “grown-up” approach to legalization.
Sales would only be allowed to adults 21 and older through marijuana-only stores licensed by the state Liquor Control Board, which would also oversee production and processing of the drug. Laws on drunken driving would be amended to include maximum blood content thresholds for THC, the main psychoactive element in pot plants.
Colorado already has a robust regulatory system for medical marijuana that includes a registry of over 80,000 card-carrying patients and rules governing how physicians and distributors operate. Here, too, legalization advocates are stressing a rational regulatory approach.
“Voters aren’t being asked to imagine as much as they are in other states, they have seen that marijuana can be regulated and it doesn’t result in significant problems,” said Mason Tvert, co-director of the Colorado-based Campaign to Regulate Marijuana Like Alcohol.
Organizers of the Washington effort have collected over $1.1 million in campaign funds, with $250,000 of that coming from Progressive Insurance chairman Peter Lewis, public disclosure records show.
Loren Collingwood, senior researcher for the nonpartisan Washington Poll run by the University of Washington, said the initiative could pass, but that backers must spend between $2 million and $4 million to run a competitive campaign.
A poll done by the university in October found 48 percent of Washington residents support the idea of pot legalization, but that was not tied to any particular initiative.
“If young voters turn out in droves like they did in 2008 or even start to approach those numbers … then I think this will pass, but they very well may not,” Collingwood said.
Pot legalization supporters have argued for decades that prohibition has failed to curb pot use, and that the policy enriches drug cartels, hurts casual users and deprives governments of a potentially lucrative source of tax revenue.