Wireless Internet access in the sky is taking off, promising better connections for travelers and a bonanza for companies that sell the systems.» Read More
British aerospace firm Meggitt said on Tuesday it struck a deal to buy U.S. aircraft part maker K&F Industries Holdings for $1.1 billion, as it reported a 14% rise in 2006 underlying profit.
The talk today is about Blackstone, Palm, Honeywell making flat panel TV's and more. Find out what top traders say is the "real" word here.
Stocks ended flat on Friday after spending the majority of the trading session in negative territory."People don't want to buy or add to positions ahead of the three-day weekend," said Charles Rotblut, senior market analyst at Zacks.com, in an interview with CNBC.com. "We had a good week and I actually thought there would've been more profit taking."
Dow component Honeywell International said Friday its board of directors authorized the company to buy back up to $3 billion in common stock.
Stocks ended lower following a volatile week of trading that was punctuated by a mixed batch of quarterly earnings reports and strong economic data, which fizzled many investors hopes the Fed will lower interest rates.
Honeywell International said quarterly profit rose 13.8% on strong demand for its airplane components and systems used in commercial construction.
Stocks in the U.S. are mixed going into today's opening. The Dow is pointing higher and Nasdaq looks weaker and for the Nasdaq, this week's been the best of times and the worst of times. Nasdaq's 1.3 percent drop yesterday was its worst performance of the year, following its best day of the year. Stocks are weaker in Europe and major Asian markets closed lower.
Investors are believing in the Santa Claus rally again. After another strong week in stocks, many think the markets may continue rising.
The bulls made a run on Wall Street today with the Dow Jones Industrial Average making a 100-point push to set a new record close - ending the day above 12,400 for the first time. CNBC’s Melissa Lee had her “Eye on the Floor” during a busy trading day.
Diversified high-tech manufacturer Honeywell International said it expects to meet its 2006 profit target and forecast a 5% rise in sales and double-digit growth in earnings per share next year.
General Electric said it was raising its quarterly dividend by 12%, and that it expects to report a profit of $2.17 to $2.23 per share in 2007.