9:51 a.m. July 17, 2019
What Boeing Stock Is Worth If the 737 MAX Never Flies Again
It’s now likely Boeing’s troubled 737 MAX jets won’t return to service until 2020. But the stock’s reaction has been muted. Should investors be thinking about a life for Boeing without the MAX?
8:02 a.m. July 17, 2019
Textron Is Down Sharply as Weak Sales Overshadow Profit Gains
Textron beat Wall Street earnings estimates and raised full-year earnings guidance. So why is the stock down 5%? Sales were much weaker than expected.
1:46 a.m. July 15, 2019
- By Jurica Dujmovic
Here’s why you will be hearing more about virtual reality Headsets are getting better, and many large companies are investing in the technologyHeadsets are getting better, and many large companies are investing in the technology.
1:15 a.m. July 12, 2019
737 MAX Values Are Dropping. What Does That Mean for Boeing?
Industry data provider Cirium dropped its estimated value of 737 MAX jets, creating another headwind for Boeing.
5:45 a.m. July 10, 2019
Boeing Trails Airbus in Second-Quarter Deliveries
The world’s two commercial aerospace giants reported second-quarter deliveries, and Airbus, unsurprisingly, won the quarter because Boeing isn’t delivering the 737 MAX.
4:54 a.m. July 10, 2019
- By Barbara Kollmeyer
Weak U.S. data could trigger 10% stock plunge, says strategist Critical information for the U.S. trading dayLooking for surprises? Watch the data not the monetary policy says our call of the day from Elia Lattuga, the deputy head of strategy research at UniCredit.
2:27 a.m. July 10, 2019
- By Callum Keown
European stocks lower as EU cuts growth forecast and all eyes on the FedEuropean markets edged lower as all eyes turned to Federal Reserve chair Jerome Powell’s testimony later on Wednesday.
9:49 p.m. July 9, 2019
- Associated Press
Boeing’s aircraft deliveries drop 37% in 2Q, while rival Airbus capitalizes on 737 Max woesDeliveries of Boeing airliners tumbled 37% in the second quarter following two deadly crashes involving its best-selling plane, and Europe’s Airbus surged far ahead in the competition between the world’s leading aircraft manufacturers.
12:03 p.m. July 9, 2019
Airbus Poised to Overtake Boeing as Biggest Plane Maker
Boeing reported no new orders of 737 MAX aircraft for third straight month following two fatal crashes
9:29 a.m. July 9, 2019
GE Stock Could Continue to Rally, Analyst Says
General Electric stock has been rising in 2019, as it tries to make up ground from previous years of losses. William Blair believes there are more drivers to keep the stock climbing.
5:24 a.m. July 8, 2019
Apple and Boeing Drop as Dow Looks Set to Slip
Stocks are poised to open the week lower amid doubts that the Fed would cut interest rates as quickly as expected. Boeing lost an order, while Apple was downgraded.
4:48 a.m. July 8, 2019
- By Robert Wall
Saudi order for Boeing 737 Max planes goes instead to archrival Airbus’s A320neo Flyadeal, the discount arm of flag carrier Saudi Arabian Airlines Corp., had committed to purchasing up to 50 planes from BoeingBoeing on Sunday lost a deal for 737 Max jetliners in one of the first tangible signs the crisis surrounding the plane after two crashes within mere months could shift business to European rival Airbus SE.
4:37 a.m. July 8, 2019
- By Tomi Kilgore
Boeing's stock falls to lead Dow's premarket decliners after losing order to rival AirbusShares of Boeing Co. slumped 1.5% to pace the Dow Jones Industrial Average's premarket decliners Monday, after the aerospace giant to Europe-based rival Airbus SE . The premarket price decline would have about 36 points off the Dow's price, or nearly half the Dow futures' decline of about 78 points. Saudi Arabia's Flyadeal, the discount arm of Saudi Arabian Airlines Corp., said it would buy up to 50 Airbus A320neo planes, after making a commitment to buy Boeing's 737 Max planes in December. The loss of the order comes as the following two crashes of the planes.
4:36 a.m. July 8, 2019
Boeing Loses a 737 MAX Order to Airbus
A Saudi Arabian airline canceled a provisional order for the 737 MAX. This is the second cancellation of a MAX order since the world-wide grounding of the troubled jet.
12:28 p.m. July 2, 2019
- By Chris Matthews
S&P 500 sets fresh high as 10-year Treasury yield slides to new two-year low The Dow and the Nasdaq are within 1% of their records.U.S. stocks end higher on Tuesday despite gloomy outlook for world economy that are driving bond yields lower.
6:38 a.m. July 2, 2019
- By Barbara Kollmeyer
Trade spat may blindside investors with weak earnings, warns Prudential Critical information for the U.S. trading dayCompanies may be harboring some negative news on earnings for the second quarter, and trade tensions may be to blame. Investors need to get ready now, says Prudential Financial’s chief market strategist Quincy Krosby.
5:16 a.m. July 2, 2019
Dow Futures Dip 27 Points After U.S. Proposes Tariffs on Europe
China and the U.S. are talking again—we’ll see how that goes—but the U.S. has proposed new tariffs on European goods in a dispute over Boeing and Airbus.
2:00 a.m. July 2, 2019
- By Dave Morris
London markets up despite U.K. construction woesThe construction PMI figure was the lowest since April 2009
1:58 a.m. July 2, 2019
- By Dave Morris
European markets mixed as U.S. ratchets up trade threatThe dispute over alleged subsidies to aerospace firm Airbus SE threatened to heat up
4:35 p.m. July 1, 2019
- By Joshua Zumbrun
U.S. considers more tariffs against EU, pending outcome of Airbus case Tariffs weighed on 89 items with annual trade value of $4 billionThe U.S. widened its threat to impose tariffs against the European Union, pending the outcome of a World Trade Organization case over the EU’s subsidies of the airplane manufacturer Airbus SE.
12:42 p.m. June 26, 2019
Trinity Industries Stock Could Gain More Than 75%: Analyst
The market has ignored the dramatic business transformation at this company.
3:47 a.m. June 26, 2019
Airlines Are Sticking With the Boeing 737 MAX
Boeing made a big splash in Paris at the air show with an order for 200 737 MAX jets from British Airways parent International Consolidated Airlines. The aerospace industry appears to be standing behind the still-grounded jet.
5:46 p.m. June 21, 2019
Boeing Passes a Crucial Test
Orders for the 737 MAX at the Paris air show offered the beleaguered jet manufacturer the chance to show that it is making progress following the tragedy.
7:58 a.m. June 20, 2019
Airbus Outsold Boeing at Paris Show. Here’s Why Investors Are the Real Winners.
Airbus secured 320 aircraft orders at the biennial aerospace event, while Boeing took in 270.
12:50 p.m. June 19, 2019
American Airlines to buy 50 jets from AirbusLE BOURGET, France -- American Airlines Group Inc. agreed to buy 50 long-range, single-aisle jets from Airbus SE -- a big order for a new plane that leaves rival Boeing Co. behind in a new race to dominate a potentially promising market for midsize aircraft.
11:44 a.m. June 18, 2019
Boeing Ends Order Drought Triggered by 737 MAX Crisis
British Airways parent IAG said it had signed a letter of intent for up to 200 of the planes
5:22 a.m. June 18, 2019
Avolon places $2.1 billion engine order with CFMDublin-based aircraft leasing company Avolon said Tuesday that it has placed an order with a nominal value of $2.06 billion for LEAP-1A engines from engine maker CFM International. CFM International--a joint venture between General Electric Co.'s GE aviation subsidiary and SAFRAN SA's (SAF.FR) engines division--will supply engines to power 70 Airbus (AIR.FR) A320neo aircraft, it said.
8:55 a.m. June 17, 2019
Buy Honeywell Because the World Needs a Lot More Planes, Analyst Says
Honeywell is bullish on the outlook for the aerospace business, which accounts for about 45% of its sales.
4:50 a.m. June 17, 2019
Airbus jumps ahead of Boeing in midsize planesPARIS -- Airbus SE on Monday said it plans to develop its longest-range single-aisle plane yet, adding pressure on rival Boeing Co., which plans a jet for the same market but is distracted by its 737 MAX crisis.
4:49 a.m. June 17, 2019
Virgin Atlantic buys 8 A3330s from AirbusLE BOURGET, France--Virgin Atlantic Airways Chief Executive Shai Weiss said Monday that the British carrier would introduce 14 Airbus SE (AIR.FR) A330-900s, with options for six more. The deal is part of a wider Virgin Atlantic fleet renewal. The new A330s would replace older versions of the plane now in service with the carrier.
4:48 a.m. June 17, 2019
Airbus, Safran and Daher team up on new aircraftAirbus SE (AIR.FR), Safran SA (SAF.FR) and French industrial conglomerate Daher said Monday that they have teamed up to develop a distributed hybrid-propulsion aircraft demonstrator known as EcoPulse.
2:30 a.m. June 17, 2019
- By Robert Wall
Airbus goes after Boeing with A321neo upgrade for trans-Atlantic service to smaller cities Airbus says at Paris Air Show that the A321XLR is expected to enter service in 2023Airbus SE on Monday said it plans to develop its longest-range single-aisle plane yet, adding pressure on rival Boeing Co., which plans a jet for the same market but is distracted by its 737 MAX crisis.
4:00 p.m. June 14, 2019
The United Technologies Merger With Raytheon Isn’t Great for Shareholders. But Both Stocks Are Cheap.
United Technologies’ push to simplify is being aborted, and Raytheon isn’t getting a premium. But both stocks trade at a discount to peers.
5:34 a.m. June 13, 2019
It’s Time for Free Wi-Fi in the Air, Delta Chief Says
Delta Air Lines CEO Ed Bastian said most Delta flights will have free Wi-Fi in the next couple of years. He also addressed how the company is trying to control costs while improving customer service.
1:32 p.m. June 11, 2019
- By Cara Lombardo
Activist investor Ackman says he opposes United Technologies-Raytheon deal In email to CEO, Ackman argues merger ‘makes no sense’ William Ackman, a big United Technologies Corp. shareholder who earlier pushed the industrial giant to streamline its business, is now urging the company to call off its planned megamerger with Raytheon Co., which he says makes no strategic sense.
9:47 a.m. June 10, 2019
United Technologies Merger With Raytheon Could Be Bad News for GE
Merrill Lynch argues that a bigger, richer United Technologies would be better positioned to take on GE in aerospace. GE, however, isn’t without options.
12:54 p.m. June 9, 2019
United Technologies will acquire RaytheonUnited Technologies Corp. struck a deal to acquire military contractor Raytheon Co., continuing the sprawling industrial conglomerate's transformation into a company focused on aerospace and defense. The proposed deal intensifies the consolidation in the aerospace and defense industry as plane makers seek better terms from suppliers and the Pentagon puts more pressure on contractors to cut costs and invest more of their own money in new technologies such as space systems and cybersecurity.
7:57 a.m. June 7, 2019
Boeing’s 737 MAX Will Be Front and Center in Paris
It is almost time for aerospace companies to meet with aircraft customers in Paris. Boeing will have a lot to address about the 737 MAX.
10:00 p.m. May 19, 2019
Ryanair warns of profit hit over 737 MAX grounding--Updates with CFO comments Ryanair Holdings PLC RYA.LN, Europe's largest budget airline and the region's largest customer for Boeing Co.'s BA 737 MAX jets, warned that profit for this year would be dented by the plane's global grounding. Ryanair said profit for the financial year that ended March 31 slumped to 885 million euros ($987 million), despite a 7% increase in sales to EUR7.7 billion.
4:00 a.m. May 15, 2019
To Create Prosperity, Free Market Competition Isn’t Enough—You Need Collaboration Too
Building competitive capacity is a task best done jointly.