No wonder they keep buying back so much stock, says "Mad Money" host Jim Cramer.» Read More
U.S. Defense Secretary Robert Gates on Wednesday reopened a bitter $35 billion aerial tanker contest after the selection process that picked Northrop Grumman and EADS over Boeing was found to be flawed.
Stocks declined, following a two-day rally, as a report showed crude inventories shrunk last week. Oil climbed in a choppy session after falling more than $9 abarrel in the past two sessions.
Boeing on Wednesday raised its outlook for spending on commercial airplanes over the next 20 years by 14 percent, helped in part by an expected 5 percent rise in worldwide air travel and the demand for new, more fuel-efficient planes.
Gates is putting Under Secretary John Young in charge of picking a winner, a final blow to the Air Force. But Acting Secretary of the Air Force Mike Donnelly says he fully supports that decision.
U.S. Defense Secretary Robert Gates said on Wednesday he planned to reopen a $35 billion competition between Boeing and a team of Northrop Grumman and Europe's EADS to build new aerial refueling tankers.
Stocks declined, following a two-day rally, as a report showed crude inventories shrunk last week. Oil rebounded $1 to $2 a barrel after shedding more than $9 in the prior two sessions.
I need to pass along the beginnings of a note from JP Morgan strategist Michael Cembalest. In his latest commentary, he writes, "'I have come to the conclusion that one useless man is a Disgrace, two are a law firm, and three are called a Congress.' So said John Adams. The same applies to energy independence in 2008." Here's why...
To beat back the bears, Charles Norton goes with value. The co-portfolio manager of the Vice Fund has found a couple of opportunities for investors among well-known but out-of-favor companies.
It's a booyah-free zone. There goes Swifty!
Airbus is expected to sell five A380 superjumbo aircraft to All Nippon Airways, its first sale of the world's biggest passenger plane to a Japanese airline, the Nikkei business daily reported on Friday.
British Airways is said to be close to seeking clearance from competition authorities for a three-way operational merger with American Airlines and Iberia, the Times of London and the Financial Times report.
Northrop Grumman and EADS want to assemble the KC-45 tanker in Mobile, Alabama--assuming the Air Force ever buys one. With Boeing successfully challenging that award, a Mobile restaurant called Foosackly's (what?) which specializes in chicken fingers is putting up billboards and selling T-shirts...
It’s going to be a long, hot summer until the Air Force decides whether to reopen bidding, and, if so, whether to start over completely with a new set of rules. I’m beginning to think the entire tanker saga is like the original “Star War” trilogy.
Following are the week’s biggest winners and losers. Find out why shares of Anheuser-Busch and Exxon Mobil popped while Boeing and Yahoo! dropped.
The stock market ends the week negative by more than 3%, for the worst weekly performance since 2/9/2008 for the Dow and NASDAQ, and the worst weekly performance for the S&P since 6/21/2008. Intraday the Dow falls 20% from its market high of 14,164.53 set on October 9th, pushing the market into bear market territory, with the S&P 500 and NASDAQ also close to a 20% loss from their peak levels.
Cramer offers his plan of action to handle a 358-point decline.
Goldman Sachs downgraded Boeing on Wednesday to “Sell.” Does that mean the aerospace trade is over?
Elsewhere, financials could not maintain even a modest two-day rally; most came down late in the day and ended on either side of fractionally positive or negative.
The Dow ended with a modest gain after a pop from the Federal Reserve's rate decision fizzled.
Stocks jumped as the Federal Reserve left interest rates unchanged.