Yahoo said on Wednesday they formed a search distribution partnership with Connexion by Boeing. This deal will be great for both companies as they both strive to offer stronger services to their customers.

Boeing reported a decrease of 7% in its second-quarter profits, but this was higher than analysts expected. The company raised its earnings outlook for the entire year.

Air Europa has agreed to purchase 18 Boeing Next-Generation 737-800 airplanes for its fleet.

The US Commerce Department notes that an increase in durable goods orders helped factories meet predictions.

To replace Harry Stonecipher, who recently resigned after having an affair with a female executive, Boeing has elected former GE aircraft unit head, W. James McNerney, Jr.

Interim president and CEO James Bell will return to his position as chief financial officer for the aviation company.

The Boeing Company announced on Thursday they elected W. James McNerney chairman of the board, president and CEO effective on Friday, July 1. The former 3M chief comes to Boeing after recent tough times for the aircraft giant. McNerney will make the third CEO since 2003.

Boeing has elected a replacement for CEO Harry Stonecipher, who resigned after having an affair with an executive of the company. That replacement is the former head of GE’s aircraft engine unit, W. James McNerney, Jr.