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FAA Move Paves Way for Resumed 787 Flights
Published April 19, 2013
The Federal Aviation Administration approved a battery fix for the Boeing 787 Dreamliner, paving the way for the jet to return to flight.
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Mass Transit Shuts Down In and Around Boston Amid Manhunt
Published April 19, 2013
Mass transit has been shut down in Boston and is being impacted across the Northeast on Friday as authorities undergo a massive manhunt for the second Boston bombing suspect.
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Boeing to Ramp Up Pilot Training, Install More Flight Simulators
Published April 19, 2013
Boeing pledged additional flight simulators in Asia Pacific, Europe and the Americas for next-generation jets including the 737, 777 and 787 Dreamliners.
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Honeywell Profit Rises 17%, Shares Rally
Published April 19, 2013
Net income attributable to the company rose to $966 million as sales remained flat at $9.33 billion for the quarter.
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General Electric Profit Jumps 16%, But Sees Europe Weakness
Published April 19, 2013
General Electric reported a 16% rise in first-quarter earnings on Friday as it sold more equipment for oil and gas drilling and shed its stake in NBC Universal.
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McDonald's Earnings Fall Short
Published April 19, 2013
The fast-food giant reported its net income rose to $1.27 billion as sales at established restaurant's dipped 1.2%.
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FAA Furloughs to Begin on Sunday, Airlines Ready for Major Delays
Published April 19, 2013
The FAA reportedly warns airlines to expect major delays starting this week due to sequester-related furloughs among air controllers.
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Penney COO Kramer Exits Ailing Retailer
Published April 18, 2013
Embattled retailer J.C. Penney divulged in a securities filing late Thursday that its chief operating officer, Michael Kramer, left the company on Wednesday.
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IBM 1Q Results Miss Views, Shares Slide 4%
Published April 18, 2013
IBM revealed first-quarter profits of $3.00 a share, missing expectations by a nickel. Revenue of $23.4 billion also came in shy of estimates of $24.62 billion. The shares fell more than 3% after-hours.
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Philip Morris Net Disappoints as Cigarette Volumes Slump
Published April 18, 2013
The maker of Marlboro and L&M cigarettes said first-quarter profit shrank 1.7% amid higher costs and softer global shipments.
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