Bloomberg via the Daily Herald | Boeing Co. won an order valued at about $2.95 billion at average list
prices for 12 of its 777 planes from an unidentified customer.
Get the full analysis here: dailyherald.com.
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Bloomberg via the Daily Herald | Boeing Co. won an order valued at about $2.95 billion at average list
prices for 12 of its 777 planes from an unidentified customer.
Get the full analysis here: dailyherald.com.
Tribune staff report | Smurfit-Stone Container Corp. said its creditors have overwhelming approved its reorganization plan, ahead of court confirmation hearings scheduled to start today.
Dually headquartered Chicago and Creve Coeur, Mo., most of the company’s executives are based in St. Louis. The company operates corrugated container, folding carton, recovered paper and recycling services facilities.
By Kathy Bergen |
Signs of potential retail recovery sent shares of Lake Forest-based Brunswick Corp. up by 8 percent Wednesday to close at $17.78 on the New York Stock Exchange.
“There is a general sense of optimism that the marine industry is turning,” said Hayley Wolff, senior analyst with Rochdale Research in New York. Brunswick, whose products include a range of boats and boating equipment, is well-positioned to benefit from an industry comeback, she said.
From Reuters | Lombard-based transportation company Hub Group said it would buy
2,000 intermodal containers from a subsidiary of Singamas
Container Holdings. The acquisition of the 53-foot containers is a sign that the freight market
is picking up; the costs are estimated to be about $19.2 million.
Get the full story: reuters.com.
Tribune staff report | Solo Cup Co. announced the appointment of R. James Alexy to fill a vacancy on its board of directors. Alexy, 69, recently retired as chairman of Network Services Co.
Dow Jones Newswires | Boeing Co. said it delivered 108 commercial aircraft during the
first quarter, fewer than what it delivered in the fourth quarter and a
year earlier.
The aircraft maker and defense contractor was finally able to get the
long-delayed Dreamliner aloft in December, but the company’s flight-test
program for the new jetliner is still running behind schedule. Boeing
said it will deliver the first of the planes by year end.
Dow Jones Newswires | Navistar International Corp. raised its
2010 profit outlook, saying it has seen increased military orders. The
commercial truck maker boosted its full-year profit outlook to $2.75 to
$3.25 per share from the view it gave in March of $1.75 to $2.25 a
share. Analysts polled by Thomson Reuters most recently expected $2.46
a share.
Associated Press | Boeing Co. says the stress tests for its new 787 jetliner’s wing and
fuselage went as planned.
On March 28, workers at Boeing’s Everett, Wash., plant bent the wing of a
special test 787 by 150 percent of the most extreme forces it would
experience in flight — about 25 feet upward at the wing tip. They also
pressurized the fuselage to 150 percent of its maximum normal operating
condition.
From MSN Money | Chicago-based Boeing Co. reported that it has finished training the first class of mechanics who will work on the new 787 Dreamliner.
Get the full story: msn.com.
Associated Press | Job openings rose in several sectors of the
U.S. economy in February, including retail, manufacturing,
transportation, restaurants and hotels, the Labor Department said
Tuesday. The report is consistent with other surveys showing hiring is
picking up in those areas. It also echoes last week’s national
employment report, which showed broad job gains in March.
From Bloomberg | Peoria-based Caterpillar Inc. is among companies adding staff, indicating that the economic recovery that began in the second half of 2009 is starting to produce the jobs needed to lift consumer spending and sustain the expansion. Still, unemployment may be slow to recede as more people enter the job market, giving the Federal Reserve scope to hold its benchmark interest rate near zero in coming months.
Get the full story: businessweek.com.
Associated Press | Shares of Brunswick Corp. tumbled on Thursday
after an analyst downgraded shares of the boat maker, saying the
company still has earnings potential, but it faces soft retail sales in
the first quarter.
Raymond James analyst Joseph D. Hovorka cut his rating on the company
to “Market Perform” from “Outperform.” Shares of Brunswick fell 50
cents, or 3.1 percent, to $15.47 in afternoon trading Thursday.
Associated Press | Australian budget carrier Virgin Blue said Thursday it would buy up to 105 new Boeing 737s in its biggest ever single plane order, signaling confidence that the Australian market is recovering.
The price was not released, but CEO Brett Godfrey said the deal was completed on “attractive commercial terms.” He said financing was expected to be completed soon.
By Julie Johnsson | United Airlines is giving a long overdue make-over to the Boeing 777 aircraft used on some of its longest overseas flights, adding perks like video-on-demand for passengers flying in the cheap seats.
It’s part of a broader customer-service push at United, which for much of the last decade neglected investing in its infrastructure as it restructured under Chapter 11 and dealt with other financial crises.
The Chicago-based carrier, which derives much of its profit from international flights, is aiming to improve passengers’ on-board experience and bring its service closer to that of overseas carriers like Emirates and Singapore Airlines, which are pushing the standard for luxury skyward.
Associated Press | Budget carrier Virgin Blue said Thursday it
would buy up to 105 new Boeing 737s in its biggest ever single plane
order, signaling confidence that the Australian market is recovering. The price was not released, but CEO Brett Godfrey said the deal was
completed on “attractive commercial terms.” He said financing was
expected to be completed soon.