Boeing gets additional orders from Continental Airlines
New York: Boeing Co has received more than $4.5 billion in commercial plane orders by mid March this year as Continental Airlines Inc. has ordered more planes in an existing order and operators from Russia and Kuwait said they would buy more planes.

These orders are on the back of Boeing's new 787 Dreamliner-- set for test flights this summer that seems likely to keep the pressure on European rival Airbus, which has seen its share of the lucrative wide-body and freight markets slide.

Continental Airlines has ordered five 787s, worth about $900 million, hiking its orders for the new plane to 25.

The 787-8 version is designed to carry 210 to 250 passengers on routes of 7,650 to 8,200 nautical miles. The larger, more expensive 787-9 can take 250 to 290 passengers on routes of 8,000 to 8,500 nautical miles. Both planes could service routes such as Chicago to Tokyo or Los Angeles to Paris.
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SEC files civil charges against ex-Nortel managers
The US Securities and Exchange Commission has filed civil charges against four former executives of Canada's Nortel Networks, including ex-CEO Frank Dunn.

The others against whom charges are filed include chief executive officer; Douglas C Beatty, former controller and chief financial officer; Michael J Gollogly, former controller; and MaryAnne E. Pahapill, former assistant controller and vice-president of corporate reporting.

The securities regulator alleges that the execs at Nortel repeatedly engaged in accounting fraud "to bridge gaps between Nortel's true performance, its internal targets and Wall Street expectations."

The SEC charges were laid on the same day that Ontario regulators announced that a formal hearing will probe allegations of financial misconduct and negligence against Dunn and two other former senior executives.
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