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Stocks closed higher across the board Tuesday as investors were encouraged by better-than-expected housing data and a steep pullback in crude oil prices. "The market was pleasantly surprised by the housing numbers," John Massey, portfolio manager at AIG SunAmerica, told CNBC.com. "That took out a significant amount of resistance and hesitation in the market, and tensions cooling in Iran led to a pullback in energy. It was a confluence of those two events."
Edward Bastian, chief financial officer for Delta Air Lines, said the company’s plan to emerge from bankruptcy assumes oil will be priced at $65 a barrel or higher.
The European Union approved an aviation deal with the United States that opens up restricted trans-Atlantic routes to new rivals, but bowed to British concerns in delaying when the agreement takes effect.
The guys (and gal) go behind the headlines and give you the traders take on the Palm/MOTO disaster... the Blackstone $4 billion IPO... the EU open skies... and more. Find out where they see fast money.
The European Union is expected to give its support Thursday to a deal with the U.S. that should boost the number of people flying across the Atlantic.
Australian airline Virgin Blue has signed a $1.8 billion deal to buy six Boeing planes as it accelerates plans for long-haul flights to the U.S..
Russian airline Aeroflot will sign a contract in the next few weeks to buy 22 of Airbus's proposed new long-distance A350 planes instead of Boeing 787 Dreamliners, its chief executive said today.
Here’s today’s next head to head battle: Industrial giant United Technologies (UTX) versus steel powerhouse Nucor (NUE). and.... click here for a link to the brackets as seen on TV!
Continental Airlines said on Monday it ordered five Boeing 787 Dreamliners, worth about $900 million, increasing its orders for the new plane to 25.
China expects to start making homegrown large commercial aircraft by 2020, an aviation industry official said Monday, raising the possibility of future competition for Boeing and Airbus in the country's booming market for new planes.
Boeing has sent engineers to supplier firms to help them stay on schedule as the planemaker works toward a May 2008 first delivery of the all-new 787 to Japan's All Nippon Airways.
Silver Platter Treatment: Or, why it’s nice to be part of the NBC News family. I often tell elaborate tales of how we've gone to great lengths to get some breaking news story on the air. All that is true. But sometimes, stories land in our lap with little or no effort. This afternoon, NBC News Correspondent Pete Williams learned that the FBI was investigating the allegedly improper monitoring of non-employee e-mails by Wal-Mart officials.
Japan's All Nippon Airways said Tuesday it is ordering four Boeing 777-300ER jets to update its equipment and pursue its plans to rationalize its fleet.
The bloodletting continued today as the Dow Jones Industrial Average plunged another 120 points. When all was said and done, the blue-chip meausure lost more than 4% on the week. The scary part is that no one is exactly sure why. In such an uncertain and potentially treacherous environment, what's your next move?
We’ve had lots of little snippets this week, that in other circumstances would be perfect fodder for the Breaking News desk. These aren’t other circumstances. Since Tuesday’s 416-point meltdown for the Dow, the priority has been on the markets -- and stories that might move the markets.
On a day when the Dow opened 200 points lower, turned positive, then turned down again, many investors are left perplexed. Major events almost always present an opportunity to make money, but how do you play this? What’s your move when markets go wild?.
In a statement, UPS said it decided to cancel after Airbus halted development work on the freighter to focus on delivery commitments for the A380 passenger plane.
Boeing won orders for 51 commercial jets in February, worth about $8 billion at list prices, doubling its tally from the same month last year and making up for a relatively small number in January.
The board of Airbus parent EADS approved a restructuring plan for the troubled European aircraft maker Monday, breaking a weeklong deadlock over job cuts and future jet programs between France and Germany.
The U.S. Government Accountability Office on Monday sustained a protest filed by Lockheed Martin and Sikorsky Aircraft, a unit of United Technologies, against a $15 billion helicopter contract awarded to Boeing last year.