Some of Boeing's 787 Dreamliner jets had hairline cracks in their wings due to a manufacturing problem, the airplane maker said Friday, reported the Wall Street Journal.» Read More
*India hopes to resolve FAA concerns by March, to seek review. "The FAA has determined that India at this time is not in compliance with the international standards for aviation safety oversight," the U.S. regulator told India in a communication, extracts of which were released by the Indian aviation ministry.
WASHINGTON, Jan 30- A lawsuit by a former Northrop Grumman employee alleges that the defense contractor defrauded the U.S. government over a contract to provide commercial airliners with a missile defense system. The U.S. Justice Department said in a separate filing it was not joining in the action.
Jan 30- U.S. weapons maker Northrop Grumman Corp reported a 10 percent fall in quarterly profit, partly due to lower sales in its aerospace business. Net profit fell to $478 million, or $2.12 per share, in the fourth quarter, from $533 million, or $2.14 per share, a year earlier. The company said it expects revenue of $23.5 billion to $23.8 billion in 2014..
*Fed to reduce stimulus by another $10 billion per month. *Boeing, Yahoo shares fall after results; Facebook up late. NEW YORK, Jan 29- U.S. stocks dropped more than 1 percent on Wednesday, hitting session lows after the Federal Reserve stuck with its plan to scale back stimulus even in the midst of emerging market turmoil.
Boeing said it expects core earnings to rise to as much as $7.20 a share in 2014, up less than 2 percent from $7.07 a share for 2013.. Robert Stallard, analyst at RBC Capital Markets, said he expected concern about the 2014 forecast, but Boeing's pattern of conservative guidance at the start of the year was well-established.
Chicago- based Boeing said net income in the quarter rose to $1.23 billion, or $1.61 a share, from $978 million, or $1.28 a share, a year earlier. Boeing said it would deliver between 715 and 725 commercial airplanes this year, a possible increase of nearly 12 percent from a record 648 in 2013..
Howard Rubel, Jefferies & Co., shares his thoughts on Boeing's fourth quarter results and the outlook for the company.
NEW DELHI, Jan 28- India is set to become the first country since World War Two to buy a military aircraft from Japan, helping Prime Minister Shinzo Abe end a ban on weapons exports that has kept his country's defence contractors out of foreign markets.
Jan 27- Diversified manufacturer United Technologies Corp is weighing options for its Sikorsky helicopter unit, including a potential sale or spinoff, industry publication Defense News reported on Monday, citing unnamed sources. United Technologies shares were up 2 percent in afternoon trading, against relatively flat U.S. markets.
Regulators plan to order safety checks of more than 400 Boeing 767s because of tail sections that may jam and cause a loss of control.
NEW DELHI, Jan 27- India lifted a landing ban on Airbus A380s on Monday, enabling carriers such as Singapore Airlines and Emirates to fly their superjumbos into the world's second-most populous nation.
*PM Abe seeking to bolster Japan's military. TOKYO, Jan 27- Mitsubishi Heavy Industries is in advanced talks to supply parts for the F-35 stealth fighter to Britain's BAE Systems, in what would be the first involvement of a Japanese manufacturer in a global weapons programme, according to people with knowledge of the discussions.
SEOUL, Jan 27- South Korea plans to sign a deal to buy 40 fighter jets in the third quarter, its arms procurement agency said on Monday, and its plan to acquire Lockheed Martin Corp F-35s appears on track despite possible development delays.
TOKYO, Jan 27- After falling by almost a fifth since Japanese Prime Minister Shinzo Abe came to power just over a year ago, the yen is in a sweetspot for the economy.
"It's a lost opportunity for the U.S.- Brazil relationship and for Boeing," lamented Donna Hrinak, Boeing's president in Brazil, in an interview with Reuters. Boeing lost the contract when President Dilma Rousseff was infuriated by revelations that the U.S. National Security Agency spied on her communications.
The reliability of Boeing's pioneering 787 Dreamliner jet is improving but is still not satisfactory, with two out of 100 flights delayed.
Jan 24- Honeywell International Inc reported higher-than-expected fourth-quarter profit and revenue on Friday, as sales grew across its major segments.
Jan 24- Honeywell International Inc reported higher-than-expected fourth-quarter profit and revenue on Friday, as sales grew across its major segments. Honeywell backed its 2014 financial targets, set last month, which include earnings-per-share growth of 8 to 12 percent on sales growth of 3 percent to 4 percent.
CAPE CANAVERAL, Fla., Jan 23- An unmanned rocket blasted off from Cape Canaveral Air Force Station on Thursday to put the newest member of NASA's space communications network into orbit. The satellite, called TDRS, is the 12th built for a NASA constellation that circles more than 22,300 miles above Earth.
Jan 23- The U.S. government on Thursday accused defense contractor KBR Inc of defrauding its military in Iraq by giving inflated deals to two Kuwait- based subcontractors who in turn paid kickbacks of as much as $1 million to KBR employees.
The business world has seen numerous individuals put their marriages, careers and good standing at risk for an extramarital dalliance. CNBC.com presents a list of people who went outside of their marriages for intimate relationships.
A top U.S. general in Afghanistan is now under investigation, with CNBC's Eamon Javers. Jeremy Kroll, K2 Intelligence, and Julian Sanchez, Cato Institute, also discuss cyber security.
CNBC's Jane Wells takes a look at the rise of women in companies that used to be dominated by men.