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Stock Market & Financial Investment News

News Breaks
April 15, 2014
10:25 EDTBA, SPRSpirit AeroSystems new pact with Boeing removes a risk, says Wells Fargo
Wells Fargo views Spirit AeroSystems' (SPR) new pricing agreement with Boeing (BA) as a positive that removes a risk for Spirit. Wells thinks the pact should be favorable for Spirit's valuation and maintains its Outperform rating on the stock.
News For SPR;BA From The Last 14 Days
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December 15, 2014
18:30 EDTBAOn The Fly: After Hours Movers
UP AFTER EARNINGS: VeriFone Systems (PAY), up 1.5%. ALSO HIGHER: Prothena (PRTA), up 10.7% after receiving FDA fast track designation for NEOD001... Boeing (BA), up 2.3% after increasing dividend by 25% and authorizing a $12B share repurchase plan... Yamana Gold (AUY), up 4.6% after reporting new discoveries at Chapada, El Penon. LOWER: Abraxas Petroleum (AXAS), down 2% after reporting fourth quarter volume guidance and fiscal 2015 production guidance.
16:17 EDTBABoeing raises dividend 25%, authorizes $12B share repurchase plan
Boeing Chairman and Chief Executive Jim McNerney announced that the Boeing board of directors increased the company's authorization for its share repurchase plan to $12B and declared that the company's regular quarterly dividend will increase by 25% to 91c per share. The $12B repurchase authorization approved replaces the authorization approved in 2013 of which approximately $4.8B was remaining. Repurchase activity for 2014 is now complete at $6B and is expected to resume in January 2015. Boeing's new dividend represents an 88% increase over the past two years. The dividend declared is payable March 6, 2015, to shareholders of record as of February 13, 2015.
16:16 EDTBABoeing raises dividend 25%, authorizes $12B share repurchase plan
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11:17 EDTBAGE Aviation selected by Boeing for 777x common core avionics systems
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09:19 EDTBABoeing announces order for five 737 MAX 7s from Jetlines
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December 11, 2014
07:24 EDTBABoeing management to meet with Deutsche Bank
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December 10, 2014
08:52 EDTBABoeing delivery of first 787 to American delayed again, Dallas News reports
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08:15 EDTBAWoodward signs supply agreement with Boeing
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07:24 EDTSPRSpirit AeroSystems, Triumph Group deal a win-win transaction, says Wells Fargo
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06:47 EDTBABoeing says China planes deliveries to hit record in 2014, China Daily says
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06:27 EDTBACongress authorizes $1.46B for Boeing attack jets, Reuters says
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06:08 EDTBABoeing cutting over 560 employees in Southern California, LA Times reports
According to documents filed in California, Boeing is planning to lay off 253 people at its Long Beach facilities, 154 in Huntington Beach and 154 employees in El Segundo, the LA Times reports. The layoffs will occur this month and in early 2015. Reference Link
December 9, 2014
13:16 EDTSPRSpirit AeroSystems price target raised to $57 from $48 at Cowen
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12:38 EDTBABoeing 747 production rate cut not surprising, says Wells Fargo
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12:34 EDTBABoeing to cut 747-8 production to 1.3 from 1.5 per month, WSJ reports
Boeing confirmed plans to lower 747-8 jetliner monthly production to 1.3 per month from 1.5, which will reduce annual deliveries to 16 from 18, in September of next year, reported The Wall Street Journal. Boeing said the cut enables it to "continue to run a healthy business,” the Journal quoted the company as stating. Reference Link
10:34 EDTSPRSpirit AeroSystems downgraded to Hold from Buy at Standpoint Research
07:46 EDTSPRTriumph Group to host a conference call
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07:31 EDTSPRTriumph to take over production of Gulfstream G650, G280 wing programs in Tulsa
Triumph Group (TGI) announced the signing of a definitive agreement with Spirit AeroSystems Holdings (SPR) which Triumph will take over production of the Gulfstream G650 and G280 wing programs located in Tulsa, Oklahoma. The transaction is targeted to close by calendar year end, subject to customary closing conditions. Under the terms of the agreement, Triumph will receive $160M in cash plus assets required to run the business from Spirit to cover the anticipated future cash flow needs of the programs, with no additional capital contributions expected by Triumph. The company expects the programs to be initially cash flow negative, with operating cash requirements anticipated to decrease over the first three years and becoming cash flow positive in year four. The business will be included in the Aerostructures Group segment and is expected to add approximately $250M in annual revenue and to be immediately accretive to Triumph’s earnings per share upon closing, reflecting initial estimates of purchase accounting adjustments and excluding synergies resulting from the transaction and transaction related expenses. Upon the close of the transaction, production will continue out of Spirit’s Tulsa facility and Triumph will look to utilize its manufacturing experience, resources and wing design engineering capabilities as appropriate to supplement the Tulsa operations. The company will focus on optimizing the build process and cost structure of the programs, and has identified opportunities for engineering, supply chain and labor enhancements.
06:22 EDTSPR, BABoeing sees strong demand for commercial airplanes in 2015
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December 8, 2014
05:43 EDTBABoeing Business Jets, Comlux announces order for two BBJ MAX 8s
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