PEMBROKE, BERMUDA – Tyco reported its Electronics Division had sales of $3.02 billion for its fiscal first quarter 2006, up 5% from last year.
The division, one of three that split off from Tyco later this year, saw organic growth of 8%.
ANCHORAGE – The eruption of the Augustine volcano last week has sent ash clouds and steam over 40,000 ft. high in the Anchorage skies and has grounded cargo planes that use the the Alaska gateway.
The Augustine volcano erupted Jan. 27 and 28, spewing smoke and ash for miles. The volcano is located 180 miles southwest of Anchorage.
The eruption has caused air carriers to cancel flights from Asia and limit freight activity, and in some cases raise shipping rates.