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BUSINESS BRIEFS.(TO THE POINT)

Investor's Business Daily

| November 04, 2002 | COPYRIGHT 2002 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

BUSINESS PRACTICES

Firms manipulate price, avoid tax

Tax losses from export-import price manipulation rose 18% to $53 bil from '00, said a study by two U.S. finance professors. Firms use "transfer pricing" to move income from the U.S. to foreign affiliates and out of the IRS' reach. Japanese tweezers were imported at $4,896 a unit; missile launchers were exported to Israel at $52 a unit.

AEROSPACE

Boeing: We're still in good shape

The aircraft maker says its continued profitability in this lousy travel market bodes well for when the economy rebounds. It's the first time Boeing has stayed in the black during a major downturn. The firm is betting airlines will make more flights on smaller planes, abandoning the hub-and-spoke model driving rival Airbus to build bigger jets.

TRANSPORTATION

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