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Stock Market & Financial Investment News

News Breaks
June 13, 2014
06:23 EDTBA, EADSYAirbus and Boeing looking to add more seats to its small planes, WSJ says
Airbus (EADSY) and Boeing (BA) are competing to add more seats to its smallest planes as Airbus won approval to carry 189 from 180 passengers on its A320 single-aisle plane, reports the Wall Street Journal. Airbus is also looking into redesigning doors to carry as many as 240 passengers on the Airbus A321 while Boeing is gauging market interest on boosting its seats on the 737 Max 8 from 189 seats to 199. Reference Link
News For EADSY;BA From The Last 14 Days
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February 3, 2016
06:20 EDTBABoeing in 'conversation' over bringing F/A-18 jet to India, Reuters says
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February 2, 2016
06:23 EDTBABoeing on pace for early delivery of new 737 Max, WSJ says
Boeing (BA) is on track to deliver a new 737 Max jetliner ahead of schedule, the Wall Street Journal reports. The new jet completed its first flight on Friday, a move which marks a major step towards Boeing's goal of delivering the first of such a plane to Southwest Airlines (LUV) in 3Q17, the report says. Boeing is telling customers that it may deliver the jet as soon as six months early, the report says. Reference Link
January 31, 2016
11:39 EDTBAS&P falls 5% in January despite second straight winning week to close month
Stocks finished the month of January with two straight winning weeks, but investors are still glad to see the calendar flip as those winners only cut the S&P's loss to 5% for the month. With growth worries abounding amid troubling signs from China and as oil languishes below $35 per barrel, the manufacturing readings from China, Europe, and the U.S. due out on Monday will be essential to whether the new month continues the uptrend of the end of January or the dour tone that dominated the early half of the month. MACRO NEWS: The Federal Reserve kept interest rates unchanged following its policy meeting this week, as almost universally expected. In its accompanying statement, the central bank said its committee members expect that economic conditions will "evolve in a manner that will warrant only gradual increases in the federal funds rate." The group added that inflation is expected to "remain low in the near term, in part because of the further declines in energy prices, but to rise to 2% over the medium term as the transitory effects of declines in energy and import prices dissipate and the labor market strengthens further"... In other domestic economic news, the Commerce Department's first read on fourth quarter gross domestic product came in at 0.7% annualized growth, below the already anemic 0.8% growth forecast. The S&P/Case-Shiller 20-city home price index rose 5.8% from the prior year in November, topping expectations for a 5.7% year-over-year increase. The separate FHFA house price index showed a monthly gain of 0.5% in November, matching the consensus forecast. Markit's services PMI for January came in at 53.7, missing the 54.0 forecast. The preliminary reading of the Conference Board's consumer confidence index for January came in at 98.1, topping the 96.5 reading that was expected. New home sales surged 10.8% to a 544,000 annualized pace in December, topping expectations and hitting their highest level in 10 months. Initial jobless claims fell to 278,000 last week, versus the expected 281,000 first-time claims. Durable goods orders dropped 5.1% in December, versus expectations for a decrease of 0.7%. The core reading, which removes transportation items, was down 1.2%, versus expectations for a decline of 0.1%. The University of Michigan consumer sentiment index slipped to 92.0 in the final January print, missing the 93.0 reading that was forecast... In a surprising move in Asia, the Bank of Japan introduced a rate of minus 0.1% on certain excess holdings of cash while maintaining the pace of its asset purchases. Japan also reported data pointing to a softening economy, as total CPI grew 0.2% year-over-year in December, core CPI rose at only a 0.1% pace and industrial production fell a preliminary 1.4% month-over-month in December. COMPANY NEWS: McDonald's (MCD) advanced Monday after the fast food giant reported better than expected earnings and comparable sales growth for the fourth quarter, powered by the launch of All Day Breakfast in the U.S.... Earnings season accelerated Tuesday as four members of the bluechip Dow Jones Industrial Average posted results before the opening bell. 3M (MMM) was the top advanced on the index with a gain of over 5%, while Johnson & Johnson (JNJ), Procter & Gamble (PG) and DuPont (DD) all notched gains that day following their reports as well... Apple (AAPL) declined more than 6.5% on Wednesday after the tech giant reported first quarter earnings that topped consensus estimates, but also issued revenue guidance for the new quarter that missed expectations. The company was noted by several analysts as taking a particularly downbeat tone in its earnings conference call, invoking the difficult macroeconomic environment and weakness it has recently seen in China. Apple was not the worst performer in the Dow that day, as Boeing (BA) shares plummeted nearly 9% after its profit outlook for the new fiscal year fell far short of the Street's consensus forecast... Facebook (FB) surged 15.5% on Thursday after the social media giant's fourth quarter earnings and revenue beat expectations. A number of Wall Street analysts increased their price targets for the stock following the report, including Piper Jaffray's Gene Munster, who hiked his target to a "Street-high" $170 per share. The same day, Caterpillar (CAT) reported better than expected quarterly earnings, excluding certain items, but its revenue came in below the consensus forecast and the heavy equipment maker warned that it does not anticipate an improvement in the world economy or commodity prices in 2016. The stock, which had declined almost 20% in the last three months prior to this morning's report, rebounded almost 5% after the company jumped over the lowered bar that had been set by bearish analysts... On Friday, shares of Amazon (AMZN) declined more than 7.5% after the company's fourth quarter results came in below expectations. Meanwhile, Microsoft (MSFT), which reported better than expected earnings, gained almost 6%. Chevron (CVX) reported a quarterly loss due to taking impairments and other charges of $1.1B. The company, which also reported that its average sales price per barrel of crude oil and natural gas liquids in the U.S. was $35 in fourth quarter, down from $66 a year ago, edged up 0.7% to $86.44... Among the many others reporting earnings this week, Visa (V), Mastercard (MA), Under Armour (UA), Sprint (S) and Biogen (BIIB) gained immediately following their reports, while Qualcomm (QCOM), eBay (EBAY), U.S. Steel (X), VMware (VMW) and Anthem (ANTM) all slid following their own... Xerox (XRX) announced plans to separate into two independent publicly-traded companies: one focused on Document Technology and another Business Process Outsourcing company. Xerox also announced an agreement related to the governance of the Business Process Outsourcing company under which six directors of the new company will be selected by Xerox and three will be selected by current Xerox shareholder Carl Icahn... Terex (TEX) surged more than 36% higher on Tuesday after receiving a $30 per share acquisition offer from China's Zoomlion. Terex peers Manitowoc (MTW), Joy Global (JOY) and Oshkosh (OSK) also gained after the offer was disclosed... Weight Watchers (WTW) shares soared nearly 20% Tuesday after noted shareholder and partner Oprah Winfrey tweeted a video detailing her progress using the company's program, indicating that she'd already lost 26 pounds thanks to its plan... AIG (AIG) provided its much-anticipated strategy update, committing to return at least $25B to shareholders over the next two years and announcing the sale of AIG Advisor Group to Lightyear Capital and PSP Investments. The company, under ongoing pressure from activist investors including Carl Icahn, also said it will publicly offer a portion of its United Guaranty unit, though it expressly rejected a full company breakup... SunEdison (SUNE) gained 18% during the week after agreeing to new corporate governance initiatives with David Einhorn's Greenlight Capital, including amending its bylaws to restrict equity issuances for two years without a supermajority board vote... Twitter (TWTR) slumped nearly 6% this week after CEO Jack Dorsey confirmed the departure of four company executives, leading research firm Stifel to downgrade the shares. INDEXES: The Dow gained about 2.2% to close at 16,466.30; the S&P 500 rose about 1.6% to close at 1,940.24; the Nasdaq advanced about 0.4% to close at 4,613.95.
January 29, 2016
18:20 EDTBABoeing awarded contract for new Air Force One presidential jets
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17:11 EDTBABoeing 737 MAX 8 on track for first delivery to Southwest in 3Q17
The Boeing (BA) 737 MAX 8 took to the skies for the first time this afternoon. The 737 MAX program achieved the milestone on schedule which begins a comprehensive flight-test program leading to certification and delivery. With the latest technology LEAP-1B engines from CFM International and Boeing-designed Advanced Technology winglets, the first member of the efficient 737 MAX family completed a two-hour, 47-minute flight, taking off from Renton Field in Renton, Wash., at 9:46 a.m. local time and landing at 12:33 p.m. at Seattle's Boeing Field. With the other three members of the 737 MAX 8 flight-test fleet currently in different stages of final assembly, the 737 MAX remains on track for first delivery to Southwest Airlines in the third quarter of 2017.
11:37 EDTBABoeing awarded $2.5B contract by U.S. Navy for 20 P-8A Poseiden aircraft
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08:31 EDTBAOarbital ATK says OBV rocket successfully completes missile defense test
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05:55 EDTEADSYPhilips names Jean Botti as Chief Innovation and Strategy Officer
Royal Philips (PHG) announced the appointment of Jean Botti as Chief Innovation and Strategy Officer as part of the company's strategy to capture a larger portion of the HealthTech opportunities. Jean Botti, who will join Philips as of April 1, 2016 from Airbus Group (EADSY), will become a member of Philips' Executive Committee and will report directly to Philips CEO Frans van Houten. Jean Botti will succeed Jim Andrew, who left Philips in the fourth quarter of 2015 for personal reasons.
05:53 EDTEADSYAirbus says CTO Jean Botti to leave in April, Reuters reports
Airbus says Chief Technical Officer Jean Botti will leave the company in April and has resigned from the planemaker, Reuters reports. Botti's succession is "subject to the outcome of a comprehensive review on the future set-up and structure for innovation and research and technology at Airbus Group," Airbus says. Reference Link
05:26 EDTBABoeing, SWISS announce delivery of airline's first 777-300ER
Boeing and Swiss International Air Lines, or SWISS, are celebrating the delivery of the airline's first 777-300ER. The latest addition to SWISS' fleet touched down in Zurich following a non-stop 4,545 nautical miles delivery flight from Boeing's Everett Delivery Center in Everett, WA.
January 28, 2016
18:44 EDTBABoeing, Air Lease announces delivery of Next-Generation 737 to Air Vanuatu
Boeing (BA) and Air Lease (AL) celebrated the lessor's first Next-Generation 737 delivery to Air Vanuatu, the flag carrier of the South Pacific nation. Air Lease has ordered 253 Boeing airplanes and has taken delivery of 65 Boeing airplanes.
18:39 EDTBABoeing awarded $2.47B government contract modification
Boeing is being awarded a $2.47B modification to a previously awarded fixed-price-incentive-firm contract to exercise an option for the manufacture and delivery of 20 Lot III full-rate production P-8A aircraft for the Navy, and the Government of Australia. In addition, this option provides for efforts related to obsolescence monitoring, change assessment, and integrated baseline/program management reviews. Work is expected to be completed in December 2018. FY16 aircraft procurement funds in the amount of $2.05B will be obligated at time of award, none of which will expire at the end of the current fiscal year. This contract combines purchase for the Navy and the Government of Australia, under a cooperative agreement. The Naval Air Systems Command, Patuxent River, Maryland, is the contracting activity.
13:17 EDTEADSYIran selects Airbus for civil aviation renewal
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11:04 EDTBABoeing reports 40 new orders since last update
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10:29 EDTEADSYJetBlue says 'very bullish' on A321
09:05 EDTBABoeing should be aggressively bought on weakness, says Sterne Agee CRT
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08:57 EDTBABoeing guidance unexpected but free cash flow story intact, says Canaccord
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08:31 EDTBAAlcoa, Boeing agree on long-term supply deal
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08:06 EDTBABoeing awards ViaSat contract for Apache Helicopter communication terminals
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06:44 EDTEADSYFrance seeks Airbus, Peugeot deals as Iran visits, Reuters says
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