Boeing’s great success in selling its 787 Dreamliner — it has 817 of the fuel-efficient planes on order, valued at more than $100 billion — is turning to a period of frustration. As soon as Wednesday, the company is expected to announce another delay in the plane’s production, which could push delivery into 2009. The original delivery date had been May.
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Boeing is close to announcing a further delay to its 787 Dreamliner, and the news sent shares of the company down about 5 percent.
Disappointing holiday shopping numbers and Citigroup's first-ever quarterly loss tore through the stock market Tuesday, sending shares of retail and banking stocks well lower while all 30 Dow components traded to the negative side.
Following are the day’s biggest winners and losers. Find out why shares of Boeing (BA) and Home Depot (HD) popped while Schering Plough (SGP) and Washington Mutual (WM) dropped.
Airbus parent EADS said on Monday it would build both Airbus A330 freighters and Northrop Grumman KC-30 refueling tankers at a U.S. plant if Northrop wins a $40 billion U.S. Air Force tanker competition.
British airline Virgin Atlantic said on Monday it would run the world's first commercial jet flight powered by biofuel between London Heathrow and Amsterdam next month.
Boeing won an order from Bahrain's Gulf Air for as many as 24 of its 787 aircraft, worth as much as $6 billion , according to Gulf Air, which also agreed an initial request for eight Airbus A320s.
Stocks rallied to close higher after a report that Bank of America is in advanced talks to buy troubled mortgage lender Countrywide Financial.
Stocks skidded back into correction territory as investors worried that the tumbling economy may not only cripple mortgage lenders like Countrywide Financial but create problems for other companies like AT&T.
Slowdown talk hurts tech, commodities, defense stocks today. UBS downgrades IBM on concerns about a slowing in tech orders; Deutsche Bank downgrades Boeing and Goodrich. Commodities weak across the board—metals, steel, iron ore (2nd day in a row.) Defensive stocks—consumer, drugs all strong. Lilly upgraded at Morgan Stanley.
Stocks rebounded to close mixed amid worries over the economy and geopolitical tensions.
Stocks ended the first week of the new year with steep losses as Friday's weak employment report spurred fears of a looming recession.
Boeing on Thursday reported an industry record of 1,413 firm commercial plane orders for2007, setting up a photo-finish with rival Airbus, which reports its annual order tally later this month.
Boeing said on Thursday it delivered 441 commercial aircraft in 2007, its best performance in six years and up 11 percent from 2006.
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China will restructure its two main state aircraft makers, AVIC I and AVIC II, to beef up their global competitiveness, an AVIC II executive and local media said on Thursday.