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Stocks shot up Tuesday after a liquidity announcement from the Federal Reserve.
Just hours before the Air Force announced the winner of a $35 billion contract to build aerial refueling aircraft on Feb. 29, an Airbus plane lumbered off the runway in Getafe, Spain, and climbed to 27,000 feet to rendezvous with a Portuguese F-16 fighter.
Boeing was debriefed by the Air Force today on why it lost the massive $40 billion tanker deal in a shocking defeat to Northrop Grumman-EADS. Mark McGraw, head of Boeing's tanker program, spoke with me just minutes after the meeting ended.
It's hard being a realtor. To get paid, you have to agonize through the entire deal--spending time and money--and, increasingly, it all falls apart at the end. Even if the transaction is completed, clients start grinding you on the commission. Hey, that's business.
If the presumtive Republican presidential nominee takes the White House, these contractors stand to the gain the most.
Northrop Grumman said its victory over Boeing for a roughly $35 billion Air Force refueling tanker contract will support thousands of US jobs, firing back at opponents of the deal who take exception with Northrop's partnership with France-based aerospace company EADS.
Kansas Sen. Sam Brownback, a Republican on the Senate Appropriations Committee, on Tuesday vowed to fight funding for a $35 billion aerial refueling tanker deal awarded to Northrop Grumman and its European partner EADS, the parent of Airbus.
Monday's mixed market could spill into Tuesday as investors await comments from Fed Chairman Ben Bernanke ahead of the open.
Stocks recovered from earlier losses to finish flat Monday in a volatile session riddled with weak economic data, big auto-sales declines and concerns about more fallout from the housing slump.
Here's one big difference between Boeing and Northrop Grumman: PR. Going into the long-anticipated tanker decision Friday, the Boeing team was in hourly contact with us, preparing for post-decision interviews. They've been in regular contact with me since last summer. Heck, they even sent me KC-767 playing cards!
Stocks turned mixed Monday after Ford turned in better-than-expected sales results and announced layoffs.
The Funny Biz email inbox is overflowing this morning: On my profile of real estate mogul Jeff Greene Friday, an email from one of his tenants, Jim G, who says there have been a lot of problems...
Wall Street looks set to start the week in negative territory as stock index futures pointed lower on renewed fears for the fate of the economy.
EADS shares rose more than 7 percent Monday after the U.S. Air Force on Friday chose the Airbus A330 over Boeing's 767 for an airborne refuelling contract worth up to $35 billion.
Gloom about the economic outlook dragged The Dow down sharply. What’s the word on the Street?
In a stunning upset decision, the U.S. Air Force on Friday awarded Northrop Grumman and Airbus parent EADS a multibillion dollar contract for 179 refueling aircraft.
The Pentagon has just announced that it will reveal the winner of the $40 billion refueling tanker contract for the Air Force at 5 pm ET today. Boeing is considered the favorite, though the Northrop Grumman/EADS team is hoping to win at least part of the deal. No matter who wins, it's expected the loser will protest.
Every day I’m told that the final decision on the Air Force’s $40 billion tanker deal will come down around 5 pm ET. And every day we start getting word around lunch that “it’s not going to be today.” Every. Day. This. Week. It was supposed to happen today, again. Now, we’re hearing Friday.
So as the country awaits the Air Force's decision on whether Boeing or Northrop Grumman will build the next generation of air refueling tankers--worth $40 billion--we were told the decision could come down as soon as the market closed on Monday
I was supposed to be on a plane right now to Denver, and then drive to Avon, Colorado, to "stake out" the Countrywide junket for lenders at the Ritz Carlton (see post from colleague Diana Olick). But after the Wall Street Journal reported the detes on the luxurious ski trip for 30 smaller lenders--Countrywide decided to nix the annual funfest.