Continental Airlines says it plans to buy two Boeing 777-200ER jetliners to help expand its international routes.

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Continental Airlines says it plans to buy two Boeing 777-200ER jetliners to help expand its international routes.

The two planes, valued at as much as $391 million at list prices, will be delivered in the first quarter of 2007, Houston-based Continental said in a statement yesterday.

Boeing will provide backup financing for the planes.

Boeing has 52 Continental planes on back order, including five of its new 787 jets and 47 of its 737 aircraft, according to the jet maker’s Web site.

Nation and World

DreamWorks SKG

Firm may be sold

to NBC Universal

NBC Universal may buy DreamWorks SKG, the live-action film unit of the company founded by Jeffrey Katzenberg, Steven Spielberg and David Geffen, people familiar with the matter said.

DreamWorks started in 1994 with a plan to combine film, television, music and video-game studios. The company unraveled, shedding its music unit in 2003 and last year selling shares in the animation business, maker of the “Shrek” movies.

Investors including Paul Allen, who put in $500 million in 1995, have been seeking ways to get their money back. They took DreamWorks Animation public this year, then scrapped a plan to sell stock in the business after the shares dropped on the profit forecast.


Quarterly profit

down 38 percent

Nintendo, the world’s largest maker of handheld game players, had a 38 percent decline in fiscal first-quarter profit as sales fell for Game Boy Advance devices and software-development costs increased.

Net income was $125 million, or 97 cents a share, for the three months ended June 30, compared with $202 million, or $1.51, a year earlier, Nintendo said yesterday in a statement filed with the Osaka Securities Exchange. Sales fell to $631 million from $734 million.

The Kyoto-based company, lagging Sony and Microsoft in the $6.2 billion video-game hardware market, is relying on its DS dual-screen handheld game player, released last year, to boost sales. Nintendo is challenged in the handheld market by Sony’s PlayStation Portable, which starts European sales in September after earlier releases in Japan and North America.


Ex-official to lose

mansion, account

A judge gave her blessing yesterday to a deal under which former WorldCom finance chief Scott Sullivan will forfeit his ornate Florida mansion and his retirement account to settle with investors who lost billions when a fraud scandal toppled the telecom company.

U.S. District Judge Denise Cote granted preliminary approval to the settlement that will leave Sullivan almost penniless just two weeks before he is likely to be sentenced to prison time for his role in the $11 billion WorldCom fraud.

Compiled from Bloomberg News and The Associated Press