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Stock Market & Financial Investment News

News Breaks
March 27, 2014
07:20 EDTBA, EADSY, ALNPYBoeing's dominance in Japanese market hits turbulence with ANA order, FT says
Even though Boeing (BA) won 40 of All Nippon Airways' (ALNPY) 70 aircraft order, the Financial Times believes that the split with Airbus (EADSY) indicates Boeing's dominance in the Japanese market has hit some turbulence. Reference Link
News For BA;ALNPY;EADSY From The Last 14 Days
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June 29, 2015
09:33 EDTEADSYLockheed Martin signs purchase agreements with Airbus for two flight simulators
Lockheed Martin (LMT) Commercial Flight Training and Airbus (EADSY) have signed a frame contract enabling Airbus to expedite procurement of flight simulation devices for their customers, Airbus training centers and their affiliates worldwide. The frame contract emphasizes the shared intent to partner on future training programs, and combines Airbus' and Lockheed Martin Commercial Flight Training's expertise in the flight simulation industry. As a first example of this process, Airbus Mexico Training Centre has ordered two LMCFT A320 full flight simulators for their operations in Mexico City and Monterrey to be delivered in late 2015 and early 2016.
June 28, 2015
15:16 EDTBAIncoming Boeing CEO to address 'looming' China challenge, WSJ says
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13:23 EDTBABoeing shares 'will soar' under new CEO, Barron's says
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June 26, 2015
16:32 EDTBAStocks end week lower with Greece still searching for deal
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08:46 EDTEADSYAirbus hoping to close on Chinese wide-body jet order next week, FT reports
Airbus is hoping to close one of its biggest Chinese orders by value next week as it enters the final state of long series of negotiations over the sale of up to 70 A330 wide-body jets, the Financial Times reports. The Chinese government is in talks over an order of between 50 and 70 A330 aircraft worth up to $17.8B at brochure prices, the report says. The order would help the company keep its production line running as it makes the transition from the extant A330 to a new re-engined version due to enter service in 2017, the Financial Times reports. Reference Link
07:26 EDTBASRA International exploring sale or IPO, Reuters reports
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June 25, 2015
19:34 EDTEADSYAirbus, Qualcomm, others invest $500M in OneWeb's global internet initiative
OneWeb announced it has raised $500M in funding from a number of companies, including Airbus (EADSY), Bharti, EchoStar's (SATS) Hughes, Intelsat (I), Qualcomm (QCOM), Coca-Cola (KO), Totalplay, and Virgin Group. OneWeb is engaged in developing satellite technologies to "beam" broadband internet to rural and underdeveloped locations, as well as to ships, planes, trains, and oil platforms. Bharti chairman Sunil Bharti Mittal will be joining Airbus Group CEO Tom Enders as well as Virgin's Richard Branson and Qualcomm's Paul Jacobs on the OneWeb board of directors. OneWeb also reiterated its June 15 announcement of its joint venture with Airbus to design and manufacture 900 microsatellites. "We are committed to giving our full industrial and space expertise to this mission," remarked Airbus' Tom Enders. "Intelsat has the world’s largest fleet of Ku Band geostationary satellites and our interoperability will enable pole-to-pole and urban canyon coverage with new services," said Intelsat. Note that both Facebook (FB) and Google (GOOG) are working on similar projects to facilitate global internet access. Reference Link
05:53 EDTBABoeing CEO Muilenburg prioritizes cost cutting challenges, Financial Times says
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June 24, 2015
18:16 EDTEADSYGoogle, GE, Airbus lead in sheer number of meetings with EU officials
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16:57 EDTBABoeing to slow 747-8 production to one per month in March, Reuters says
Boeing will slow its production of the 747-8 jumbo jet to 1 per month beginning in March, a decrease of 23%, reports Reuters. The decision to slow production was not related to the company's CEO transition, Reuters added, citing the company. Reference Link
16:21 EDTBAOn The Fly: Top stock stories for Wednesday
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12:30 EDTBAOn The Fly: Top stock stories at midday
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07:32 EDTBANew Boeing CEO Muilenburg to inherit tough decisions, Bloomberg says
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June 23, 2015
19:03 EDTBAOn The Fly: After Hours Movers
UP AFTER PROVIDING GUIDANCE: MeetMe (MEET), up 18.8%. ALSO HIGHER: Nektar Therapeutics (NKTR), up 4.3% after being added to S&P 600... Quidel (QDEL), up 5% after receiving FDA clearance for new Solana molecular system and assay... Vanda Pharmaceuticals (VNDA), up 4.6% after announcing positive results from REPRIEVE study... Netflix (NFLX), up 3.4% after announcing seven-for-one stock split. LOWER: Alcobra (ADHD), down 2.5% after announcing that it will host a conference call and simultaneous webcast presentation to present results from the Phase II clinical trial of MDX... Sysco (SYY), down 2.6% after bid for U.S. foods blocked was blocked by a federal judge... Boeing (BA), down marginally after announcing CEO transition.
17:40 EDTBABoeing incoming CEO Muilenburg says must deliver on 777 bridge program
Regarding the appointment of Dennis Muilenburg as Boeing CEO, outgoing CEO James McNerney says, "in many ways, there's not going to be a change." Muilenburg noted that the current defense market is more "challenging," and that the company needs to deliver on its 777 bridge program. Muilenburg added that the company's backlog remains "solid." Both executives are speaking on CNBC.
16:32 EDTBABoeing names Dennis Muilenburg CEO
The Boeing board has elected Dennis Muilenburg as the company's CEO, succeeding W. James McNerney, Jr., who held the position for the past 10 years. Muilenburg, who has served as Boeing president and COO since 2013, becomes president and CEO on July 1. McNerney, who joined Boeing's board in 2001, continues as its chairman. To ensure a smooth transition of his CEO responsibilities to Muilenburg, he will continue working as a company employee until retiring at the end of February 2016.
13:15 EDTBABoeing sued over claims of toxic airplane cabin air, Chicago Tribune says
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11:48 EDTEADSYAirbus in talks to sell 50-70 A330 jets to China, Reuters reports
China is in talks to buy 50-70 A330 wide-body jets from Airbus, Reuters reports, citing sources familiar with the talks. The report notes that Airbus has been in talks for nearly 18 months to set up an A330 cabin-completion center in China. Reference Link
June 22, 2015
08:28 EDTEADSYAirbus dispatches engineers to Zodiac to help overcome delays, Bloomberg says
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06:18 EDTEADSY, BASuppliers worried about Airbus, Boeing production rate hike, Reuters reports
Major engine suppliers, including General Electric (GE) and Safran, are becoming worried that they may lose out if they invest to meet higher commercial jet production targets from Airbus (EADSY) and Boeing (BA) that may prove unsustainable, Reuters reports. Airbus and Boeing have plans to raise production rates of their best selling single aisle planes by 25% to 50-52 a month in 2017-2018, the report says. Suppliers have said that they need to secure the start of a steep rise in output before making a commitment to even loftier targets, the report says. Reference Link
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