Alcoa opened a new plant on Thursday—the latest installment of its aggressive $90 million expansion in aerospace manufacturing.» Read More
Stocks jumped as oil prices dropped more than $2 on news of an unexpected build in crude inventories. Traders watched and waited for the Fed's rate decision, due out at 2:15 p.m. ET today.
AmEx just out with comments, saying "We have seen credit indicators deteriorate beyond our expectations" and it was "too early to assess the impact of deteriorating credit indicators." Down about 1 percent.
I reported it would happen, and it did: Northrop Grumman has called off indefinitely the groundbreaking ceremony for its new Alabama tanker assembly facility, originally scheduled June 28th.
I asked for feedback on the tanker decision and I got it. Also, vote in the poll at the bottom.
This statement came from the Air Force Wednesday evening, on the GAO decision which brutally took the service to task over the way it awarded the $35 billion tanker contract...
You’d think tech would have had a better day after Morgan Stanley said the Apple iPhone could double sales in 2009. In the Web Extra find out how the traders are playing it.
Stocks closed lower Wednesday, led by financial and auto stocks after worrisome results from Morgan Stanley, CarMax and FedEx. Regional banks also took a hit after Fifth Third cut its dividend.
As President Bush called for dropping the ban on offshore oil drilling, CNBC asked the experts how to profit from oil.
Analysts were surprised, at least a little, that Boeing won its challenge alleging the Air Force was wrong in awarding the $35 billion tanker contract to Northrop Grumman/EADS.
Plus, calls on Lehman, Goldman, Boeing, Best Buy and more.
Stocks declined Wednesday, led by financials, after worrisome results from Morgan Stanley and a dismal outlook from FedEx. The Dow briefly slipped below 12,000 -- the first time that's happened since March 18, when the market was reeling from the collapse of Bear Stearns.
Boeing was informed today that the Government Accountability Office (GAO) found in Boeing’s favor on a number of issues related to its protest of the U.S. Air Force’s award of a $35 billion contract to supply the service with its next-generation aerial refueling aircraft – or KC-X tankers – to begin replacing the current fleet of KC-135 tankers.
U.S. auditors upheld Boeing's protest of the award of a $35 billion refueling-aircraft deal to a U.S.-European team that includes rival planebuilder Airbus, a U.S. lawmaker said Wednesday.
After last night's 39-point annihilation of the Lakers by the Celtics, a game which left LA's best looking like a mound of pulverized Kobe beef, I can tell you one person outside of Boston's who's smiling today: Shaquille O'Neal.
I'm hearing the Government Accountability Office will not decide on the Boeing challenge to the $35 billion tanker contract today. That probably means it WILL happen today (kidding, I think). The decision may come down tomorrow.
Our "Surprise Friday” guest was featured on a Swedish postage stamp in 1994 and currently holds more than a third of all LPGA records. Who is it?
Stocks pulled back following news that the Microsoft-Yahoo deal is off. Earlier, the market had rallied as oil prices receded, retail sales came in better than expected and merger in the beverage industry got investors jazzed up.
Boeing confirms to CNBC that the Air Force has admitted it got its math wrong on how much Boeing's tanker would cost over the long haul. Boeing says this validates what it's been saying for months in challenging the $35 billion contract award to Northrop Grumman and the European parent of Airbus.
Stocks were well off their highs but still posting solid gains after unexpected strength in retail sales and a multibillion-dollar takeover bid in the brewing sector.
While the markets are relatively calm this morning, inflation worries are still at the top of everyone's agenda. In China, a measure of inflation at the factory rose 8.2 percent in May, the highest in nearly four years, thanks to higher raw material costs. Inflation in Asia is a particular concern...