Manufacturers' profits riseU.S. manufacturers saw higher...


April 05, 1994

Manufacturers' profits rise

U.S. manufacturers saw higher profits in the fourth quarter than in the same quarter of 1992, the Commerce Department said yesterday.

After-tax profits averaged 3 cents per dollar of sales, adjusted for seasonal variations, up from 1.3 cents in the year-earlier quarter.

Durable goods manufacturers had profits of $8.5 billion in the fourth quarter, compared with a loss of $3.6 billion in the 1992 quarter.

Russian airline adds Boeing jet

Transaero Airlines, the Moscow-based airline spun off from Aeroflot, has become the first Russian carrier to add a new Boeing airplane to its fleet.

Boeing announced yesterday that it delivered a 757 twinjet to Transaero on Friday.

The deal had been threatened after the Russian government imposed a 50 percent tariff on all aerospace imports. But after a visit to Moscow last week by U.S. Commerce Secretary Ronald H. Brown and a cadre of U.S. executives, Russian officials agreed to waive the retroactive tariff. Boeing said Transaero will add another 757 later this month.

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