Market News

Boeing (BA)

Reuters reported that Boeing Co. is set to make the first test flight of its 787 Dreamliner on Tuesday, almost two and a half years after the new, fuel-efficient plane, which is key to the company's financial future, was supposed to fly. The lightweight carbon and titanium plane, promising to save airlines million of dollars in fuel and maintenance costs, has been hampered by a shortage of bolts, faulty design and a two-month strike.

Dec 15 · 11:52:00 AM · Source: Reuters
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by Larry Etter

JetBlue Airways Corporation (JBLU)

JetBlue Airways Tuesday announced plans to further grow its presence in Boston with new daily nonstop service to San Jose, California, beginning May 13, 2010. .
San Jose will be JetBlue's 34th nonstop destination from Boston's Logan International Airport.

Dec 15 · 10:39:00 AM · Source: Company News
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by Larry Etter

GE (GE)

US officials said they were probing more cases of patients who may have been exposed to excess radiation from CT brain scans involving equipment from GE and Toshiba Machine Co., Ltd.
Food and Drug Administration officials have not determined if there was a problem with the machines themselves or with how they were used said, Dr. Jeffrey Shuren, acting director of the FDA's device center.

Dec 8 · 3:11:00 PM · Source: Reuters
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by Michael Oliveto

General Dynamics (GD)

General Dynamics Information Technology, a business unit of General Dynamics, has been awarded an $18.6 million, five-year contract to support the U.S. Naval Surface Warfare Center, Carderock Division (NSWCCD), Philadelphia, PA, under the Seaport-e contract vehicle.
Under this contract, General Dynamics will provide engineering and technical support of machinery control, machinery information and machinery automation systems.

Dec 8 · 3:06:00 PM · Source: PR NewswIre
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by Michael Oliveto

FedEx (FDX)

FedEx announced that it expects to report earnings of $1.10 per diluted share for the second quarter of 2010.
The Company's previous guidance for the quarter was $0.65-$0.95 per diluted share.

Dec 8 · 2:48:00 PM · Source: Reuters
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by Michael Oliveto

Boeing (BA)

Boeing's long-delayed new Dreamliner 787 will fly twice by year's end, The Seattle Times reports.
The newspaper reported Friday a source, described only as a person close to the program, said the first flight is targeted for Dec. 18. and a second plane is to be flown 10 days later. The Dreamliner's delivery dates have been pushed back for more than two years, costing money and eroding confidence in the company.

Dec 7 · 4:13:00 PM · Source: iStockAnalyst
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by Michael Oliveto

GE (GE)

The $30 billion deal that switches control of NBC Universal from General Electric to Comcast brings value to allow everyone involved to focus more sharply on their core businesses, leaders of the two companies said Thursday. Comcast, the largest cable TV operator in the US, will end up controlling 51 percent of the newly-formed company while GE will own 49 percent. Jeff Zucker, current president and CEO of NBCU, will be CEO of the new joint venture.

Dec 3 · 12:22:00 PM · Source: CNBC.com
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by Rich Pike

Deere & Company (DE)

Deere & Co. said Wednesday that it had a fiscal fourth-quarter net loss of $222.8 million, or 53 cents a share, compared with profit of $345 million, or 81 cents, a year earlier. Sales fell 28 percent to $5.33 billion in the quarter ended Oct. 31. The net loss included a $321.8 million charge related to a decline in the value of the landscape supply business and to give the voluntary separation packages. Excluding those items, profit was 23 cents a share.
Company reported full-year earnings of $873 million and said its financial condition remains strong.

Nov 25 · 12:28:00 PM · Source: Company News Release
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by Larry Etter

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