Stocks Fall, Dow Slumps 100 After Bernanke
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The FAA did "everything right" in the dealing with the battery issues that grounded Boeing's new Dreamliner for months, the aircraft maker's chairman and CEO James McNerney tells CNBC.
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.160x105.jpg?v=1370981200 "The Season to Return to Cyclicals")
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*First direct search for life since NASA's 1970 s Viking probes. Until last year, the ExoMars program was a joint project between ESA and the U.S. space agency NASA. But NASA dropped out, citing budget problems.
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Delta Air fell$. 08 or. 4 percent, to $18.89. JetBlue Airways Corp. fell$. 10 or 1.5 percent, to $6.31. Southwest Airlines Co. fell$. 05 or. 4 percent, to $13.81.
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NEW YORK-- Shares of some top construction companies are mixed at 1 p.m.:. Foster Wheeler fell$. 25 or 1.0 percent, to $24.54. Quanta Services Inc. rose$. 04 or. 1 percent, to $27.15.
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FORT WAYNE, Ind.-- Construction company Shambaugh& Son plans to expand its Fort Wayne operations by enlarging two facilities and adding workers. It has nearly 1,200 workers in Indiana, including about 525 in Fort Wayne. Company officials say they expect to add about 100 workers in Fort Wayne over the next couple years.
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SCOTTSDALE, Ariz.-- AV Homes, which develops adult communities and other properties in Arizona and Florida, said Wednesday that private equity firm TPG is making a $135 million in investment in the company. The firm will own about 42 percent of AV Homes once the transaction closes. Shares of AV Homes Inc. jumped $2.67, or 18.4 percent, to $17.21 in morning trading.
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NEW YORK-- Shares of some top construction companies are down at 10 a.m.:. Foster Wheeler fell$. 02 or. 1 percent, to $24.77. Quanta Services Inc. fell$. 03 or. 1 percent, to $27.08.
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Delta Air fell$. 07 or. 4 percent, to $18.90. JetBlue Airways Corp. fell$. 08 or 1.2 percent, to $6.33. United Continental Holdings Inc. fell$. 08 or. 2 percent, to $32.34.
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PARIS, June 19- Ryanair, Europe's biggest budget airline, could start selling low-cost trans-Atlantic flights if it secures enough twin-aisle aircraft and gains access to cities in both Europe and the United States, its chief executive said on Wednesday.
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PARIS, June 19- China's Comac could build a larger version of its C919 aircraft in the early 2020 s to tempt airlines away from dominant global planemakers Airbus and Boeing, the head of Irish low-cost carrier Ryanair said. Ryanair, which has an all-Boeing 737 fleet, signed a design agreement with Comac two years ago to help produce a rival jet.
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WASHINGTON, June 19- Where have all the carpenters gone? "Right now I have framing material sitting on the job site with the foundation on the ground," said Stephen Paul, executive vice president at Mid-Atlantic Builders in Rockville, Maryland. "
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Delta Air rose$. 15 or. 8 percent, to $18.97. JetBlue Airways Corp. rose$. 09 or 1.4 percent, to $6.40. Southwest Airlines Co. rose$. 08 or. 6 percent, to $13.86.
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Fluor rose$. 97 or 1.6 percent, to $63.28. Foster Wheeler rose$. 72 or 3.0 percent, to $24.79. Quanta Services Inc. rose$. 53 or 2.0 percent, to $27.11.
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GROVE, Okla.-- An Australian aerospace company says it will open a facility in Grove, Okla. and hire 20 workers. Mary Fallin announced Tuesday that Ferra Engineering would expand in Oklahoma. The company is a supplier for Boeing Co., Airbus, and Lockheed Martin Corp., among other companies.
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Delta Air rose$. 16 or. 8 percent, to $18.98. Southwest Airlines Co. rose$. 10 or. 7 percent, to $13.88. US Airways Group rose$. 33 or 1.9 percent, to $17.28.
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NEW YORK-- Shares of some top construction companies are up at 1 p.m.:. Foster Wheeler rose$. 55 or 2.3 percent, to $24.62. Quanta Services Inc. rose$. 35 or 1.3 percent, to $26.93.
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*Boeing increased 737 production rates 60 percent. Ray Conner, CEO of Boeing's commercial airplane division, asked at the Paris Air Show on Monday. Relatively low production- Boeing and Airbus produce about 1,200 jets a year- often does not justify the big investments required.
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FRESNO, Calif.-- Several opposing groups have filed lawsuits against a broad, long-range plan to manage the ailing Sacramento-San Joaquin River Delta that was adopted in May. They follow a lawsuit filed by the Westlands Water District, one of the nation's largest water contractors, at the end of May.
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Delta Air fell$. 03 or. 2 percent, to $18.79. JetBlue Airways Corp. fell$. 03 or. 5 percent, to $6.28. Southwest Airlines Co. fell$. 03 or. 2 percent, to $13.75.
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NEW YORK-- Shares of some top construction companies are up at 10 a.m.:. Foster Wheeler rose$. 53 or 2.2 percent, to $24.60. Quanta Services Inc. rose$. 09 or. 3 percent, to $26.67.
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WASHINGTON, June 18- U.S. housing starts rose less than expected in May, likely reflecting labor and material constraints, but the overall trend remained consistent with strength in the housing market. The Commerce Department said on Tuesday housing starts rose 6.8 percent to a seasonally adjusted annual rate of 914,000 units.
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