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...
Lou from New Jersey writes, "Do you guys have any investment ideas that won’t make me worry myself sick on a daily basis?"
It's been a year since I started reporting on "the biggest defense contract of 2007," except now it'll be "the biggest defense contract of 2008." Or maybe 2009. The $35 tanker deal has taken more odd turns than a lost UAV, including...
Goldman Sachs recommended buying multinationals instead of domestic firms recently. Would our traders follow their advice?
Following are the week’s biggest winners and losers. Find out why shares of Wal-Mart and National Semiconductor popped while Wachovia and AT&T dropped.
The Dow, S&P and NASDAQ all finished down almost 2% or greater for the week, the Dow closes down almost 400 points Friday.
My post on Lockheed Martin's Chairman and CEO criticizing protectionism and pointing to the Northrop Grumman/EADS tanker award "as reinforcing the openness of U.S. markets," elicited quite a bit of heated email, none of it from Lockheed fans.
Following are the day’s biggest winners and losers. Find out why shares of Dell and Schering-Plough popped while Boeing and Children's Place dropped.
Stocks tumbled after General Motors and Ford reported sharp drops in May sales. Prior to the news, it was a yo-yo session as a $2 drop in oil prices dragged on energy stocks and concerns lingered about financials. The market popped several times after some good news, including a jump in factory orders, GM's restructuring plan and comments from Federal Reserve Chairman Ben Bernanke, but gains quickly fizzled.