GE Sells Record Number of Aircraft Engines in 2005 and 3M Wins Patent Infringement Lawsuit

Conglomerate industry news provided by Financial News USA (OTC: FNWU) General Electric (NYSE:GE) sold 750 of its GE90 and GEnx engines in 2005, a record number for the year. In its first year on the market, the GEnx engine brought in 525 orders, according to a GE news release. It will power the Boeing 787 and 747-8 aircraft, along with the Airbus A350. The value of the GEnx sales is more than $6 billion. GE sold more than 240 GE90 engines, of which a record 225 were the higher thrust GE90-115B engines. Boeing is using the engine in three of its freighter craft. The value of the GE90 sales is more than $4.5 billion. Johnson & Johnson (NYSE:JNJ) on Wednesday said the Food and Drug Administration broadened the approved uses of its Acuvue Oasys contact lenses to include 7 days of constant wear. The lens was already approved for daily wear. This expanded approval means that users can also wear the product for up to six consecutive nights. The product is made from a silicone-based material that Johnson & Johnson said helps it combat dryness.

Chemicals company 3M Co. (NYSE:MMM), a maker of a wide range of products such as masking tape and medical supplies, said Thursday it won a patent infringement suit against Avery Dennison Corp., a Pasadena, Calif., chemicals company which makes adhesives and office products. The company said a Minneapolis jury ruled in its favor, finding that Avery Dennison infringed its patent on a product used in adhesives for large graphics that reduces wrinkles and bubbles. HydroFlo (OTC BB:HYRFE) recently announced that company Chairman and Chief Executive Officer, Dennis Mast, has addressed a letter to shareholders wherein he addresses the status of current operations and outlines the company's overall strategy. The full text of the shareholder letter is available on the company's website @ www.hydroflo.us.

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