Thursday's market selloff was like Wall Street's Ebola outbreak. But the panic is likely to subside, says "Fast Money" trader Jon Najarian.» Read More
Representative Stephen Fincher, a Tennessee Republican, said on Thursday he was very close to finalizing a bill reforming the bank, which many fellow Tea Party lawmakers would like to close.
Boeing fell $1.81 or 1.5 percent, to $120.48. Lockheed Martin Corp. fell $3.21 or 1.9 percent, to $166.97. Northrop Grumman Corp. fell $2.58 or 2.1 percent, to $123.27.
PARIS, July 31- French aerospace group Safran raised its profit target on the back of higher-than-expected first-half earnings on Thursday, pushing its shares higher despite slower services growth and rising R&D spending.
The 80- year-old bank will be forced to close unless Congress acts to renew its charter by Sept. 30, but critics led by Texas congressman Jeb Hensarling have decried it as corporate welfare.
Boeing fell$. 03 or percent, to $122.29. Lockheed Martin Corp. rose$. 85 or. 5 percent, to $170.18. Northrop Grumman Corp. fell$. 52 or. 4 percent, to $125.85.
But the new plane's longer fuselage sections will be "too long to be transported efficiently" from North Charleston to Everett, Washington, where Boeing has two 787 s assembly lines, Boeing said in a statement.
NEW YORK— Boeing said final assembly of its 787-10 plane, a planned larger version of its "Dreamliner" aircraft, will take place in South Carolina. The company says the work will be done in North Charleston, South Carolina, because the plane is too large to efficiently transport it from North Charleston to a facility in Washington state.
NORTH CHARLESTON, S.C., July 30- Boeing Co said on Wednesday it will build its biggest Dreamliner, the 787-10, exclusively at its South Carolina plant in North Charleston, a move that marked the continuing evolution of Boeing's production strategy for its flagship jet.
Boeing fell$. 13 or. 1 percent, to $122.19. Lockheed Martin Corp. rose$. 64 or. 4 percent, to $169.97. Northrop Grumman Corp. fell$. 73 or. 6 percent, to $125.64.
Boeing fell$. 09 or. 1 percent, to $122.23. Lockheed Martin Corp. rose$. 26 or. 2 percent, to $169.59. Northrop Grumman Corp. fell$. 18 or. 1 percent, to $126.20.
*Airbus Group says cancellations linked to overbooking. *Airbus says focusing on Dassault stake sale. PARIS, July 30- Airbus Group moved to allay concerns over a wave of order cancellations on Wednesday, sparking a rally in its shares helped by better than expected half-year results.
PARIS— European aerospace company Airbus says it expects its revenue to remain stable this year despite a big cancellation recently for some of its large A350 planes. Airbus competes fiercely with Chicago- based Boeing Co. in the global market for large civilian aircraft.
SINGAPORE, July 30- Boeing has this year raised by 7 percent its forecast for global demand for commercial airline pilots to 533,000 over the next 20 years, citing rising deliveries of aircraft and buoyant demand from the Asia Pacific. In June, Boeing said that airlines are projected to order 36,800 new planes worth $5.2 trillion over the next 20 years.
*Skymark says Airbus did not give it a chance to negotiate. *Airbus says Skymark was unable to perform on contract. TOKYO/ PARIS, July 29- Airbus said on Tuesday it had revoked an order for six A380 superjumbos from Skymark Airlines, losing the only Japanese customer for its biggest jet after the discount carrier struggled to raise cash to pay instalments.
NEW YORK— More travelers are flying than ever before, creating a daunting challenge for airlines: keep passengers safe in an ever more crowded airspace. Each day, 8.3 million people around the globe— roughly the population of New York City— step aboard an airplane.
Boeing fell$. 14 or. 1 percent, to $123.06. Lockheed Martin Corp. fell$. 04 or percent, to $170.00. Northrop Grumman Corp. rose$. 23 or. 2 percent, to $127.79.
Boeing fell$. 68 or. 6 percent, to $122.52. Lockheed Martin Corp. fell$. 82 or. 5 percent, to $169.22. Northrop Grumman Corp. rose$. 02 or percent, to $127.58.
Boeing fell$. 68 or. 6 percent, to $122.52. Lockheed Martin Corp. fell $1.22 or. 7 percent, to $168.82. Northrop Grumman Corp. fell$. 18 or. 1 percent, to $127.38.
Boeing employees and union leaders didn't find it funny. Machinists union international President Tom Buffenbarger issued a statement Friday saying the "unfunny and unnecessary remarks" serve as a "reminder that the Jack Welch style of anti-personnel management is still alive and well at Boeing.
The business of federal contracting can be extremely lucrative, even during recent years, when budgets were squeezed.