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Boeing (BA)
The law firm of Izard Nobel LLP announced that a lawsuit seeking class action status has been filed in the United States District Court for the Northern District of Illinois on behalf of those who purchased the common stock of The Boeing Company between May 4, 2009 and June 22, 2009 (Class Period).
The Complaint charges that Boeing and certain of its officers and Directors violated the federal securities laws. Specifically, defendants made misleading statements in effort to: (i) forestall further cancellations of orders for the Dreamliner 787, Boeing's principal commercial airplane, particularly as the orders for its competition, Airbus A380, were gaining ground; (ii) conceal that the 787 had a structural problem in its design that would prevent the first flight of the 787 by June 30, 2009, and delivery in the first quarter of 2010; and (iii) enable Boeing to make a positive presentation concerning the test results for the 787 and the schedule for the first flight and delivery of the 787 at the Paris Airshow, scheduled for June 15-18, 2009, at which Boeing hoped to receive additional orders for the 787.
Nov 14 · 3:52:00 PM · Source: Reuters
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by Michael Oliveto
Boeing (BA)
Boeing has been awarded a $72 million U.S. Air Force contract for more than 2,900 Joint Direct Attack Munition (JDAM) tail kits.
Boeing will deliver the kits in 2011 and 2012. The Lot 14 production order is the second one-year option of a six-year contract Boeing received in January 2008.
Nov 14 · 3:50:00 PM · Source: Chicago Press Release
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by Michael Oliveto
Boeing (BA)
Boeing towed the first 747-8 Freighter out of the factory in Everett, Washington.
The 747-8 Freighter is the new high-capacity 747 that will give cargo operators the lowest operating costs and best economics of any freighter airplane while providing enhanced environmental performance.
Nov 14 · 3:48:00 PM · Source: CNN
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by Michael Oliveto
American Express (AXP)
American Express Business Travel, has been named the “World’s Leading Business Travel Agency” by World Travel Awards.
With more than 180,000 travel professionals and key suppliers casting votes, the award recognizes American Express Business Travel for service excellence and the commitment to achieving best-in-class travel and expense management.
Nov 14 · 3:44:00 PM · Source: Business Wire
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by Michael Oliveto
Amazon (AMZN)
Amazon said that it's going to offer Web-based services to businesses in Asia starting next year.
Amazon Web Services LLC provides cloud computing, storage, database and other services to businesses. The company will open locations in Singapore in the first half of 2010, with other "availability zones" opening in the latter half of next year in the same region.
Nov 14 · 3:42:00 PM · Source: Forbes
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by Michael Oliveto
Boise Cascade Holdings (BZ)
Boise Cascade Holdings Friday said it posted earnings of $26.2 million, up from a year-earlier loss of $207.6 million. The company said the latest quarter's results included $28.2 million of non-cash income associated with its equity investment in Boise, a paper-products maker, while the prior year had a $208.1 million write-down related to the investment. Sales dropped 20% to $579 million.
Nov 13 · 11:58:00 AM · Source: Company News
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by Larry Etter
Media Sciences International Inc. (MSII)
Media Sciences International, independent manufacturer of color toner cartridges and solid inks for use in color business printers, Friday said it posted a fiscal first quarter loss of $259,000, or $0.02 per share, versus net income of $477,000, or $0.04 per share, in the year-ago quarter, which included a non-recurring $1,500,000 litigation settlement recovery. Net revenues were $5,507,000, a $245,000 or 4% decrease year-over-year and an $118,000 or 2% decrease over the prior quarter.
Gross margin at 38.7% of net revenues, versus 45.6% for the same period last year.
Nov 13 · 11:50:00 AM · Source: Company News
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by Larry Etter
Pepsico (PEP)
The Board of Directors of PepsiCo, Inc. (NYSE: PEP) today declared a quarterly dividend of $0.45 per share on PepsiCo common stock. The dividend is payable January 4, 2010, to shareholders of record on December 4, 2009. This quarterly dividend is a 6 percent increase versus the comparable year-earlier period.
Nov 13 · 11:42:00 AM · Source: Company News
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by Larry Etter
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