Business

DTV truck visiting today

Anyone not up to speed on the transition to digital television in February can catch up today during a visit by the DTV Road Show.

Sponsored by the National Association of Broadcasters, the road show – two NAB reps and a large truck designed to look like a giant TV – will be on hand today from 4 to 8 p.m. at the North Colton Street Wal-Mart in north Spokane.

The show will include kiosks and handouts explaining how consumers can be sure they’re prepared to receive television on Feb. 17, when all over-the-air TV signals from commercial stations will switch from analog to digital.

LOS ANGELES

Boeing loses suit over satellite deal

A Los Angeles jury has ordered Boeing Co. to pay $370 million over a contract dispute with a communications company headed by cellular phone pioneer Craig McCaw.

The Superior Court jury reached its decision Tuesday in favor of ICO Global Communications Holdings Ltd., which accused Boeing of breaching a contract to produce satellites. ICO sued Boeing for around $1.5 billion in actual damages. The lawsuit stems from a decade-old plan to launch satellites that would transmit mobile services.

Boeing said it will appeal.

Cupertino, Calif.

Apple profit soars with iPhone

Apple Inc. said its profit jumped 26 percent in its fiscal fourth quarter as the newest iPhone outsold the market-leading BlackBerry from Research in Motion Ltd.

Despite the blockbuster performance, which sent Apple’s shares soaring in after-hours trading, the company issued what it called “prudent” predictions for the current quarter, because of broader economic uncertainty.

For the three months ended Sept. 27, Apple’s profit climbed to $1.14 billion, or $1.26 per share, from $904 million, or $1.01 per share, in the same period last year.

From staff and wire reports


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