Another 787 Snarl for Boeing, Toyota Pushes for Hybrids, and 3 More Hot Stocks
Boeing Co. (NYSE:BA): As if Boeing didn’t already have enough problems with its 787, the reliability of the Dreamliner aircraft has taken yet another blow as Polish airline LOT was forced to land a 787 in Iceland on Sunday due to an “air identification system fault.” Boeing has been trying to settle and allay concerns over the new aircraft, but airlines continue to encounter issues.
Toyota Motor Corp. (NYSE:TM): Chairman Takeshi Uchiyamada — known affectionately as the “father of the Prius” – wants to see hybrid sales in the U.S. rise to 5 million units in three years, 72 percent more than the 2.9 million hybrids sold in the U.S. until August. “It’s only when we put ourselves under the same kind of intense pressure we faced in developing the Prius that we can achieve great goals,” Uchiyamada said at the Economic Club of Washington on Monday.
Amazon.com Inc. (NASDAQ:AMZN): A Polish newspaper is reporting that Amazon is considering the construction of five new logistics centers in the Czech Republic and Poland, with each facility reportedly taking up about 100,000 square meters of space and costing 50 million euros 60 million euros ($67.6 million to $81.2 million) to build. The report comes in a year that has seen Amazon contend with a series of German labor disputes and broader criticism on the continent regarding its labor policies, Seeking Alpha says.
Nike Inc. (NYSE:NKE): Nike’s sales correlation with U.S. gross domestic product is 97 percent, good to rank just behind Johnson & Johnson, McDonald’s, and Wal-Mart in the Dow stocks. The sports apparel company has effectively replaced longtime resident Alcoa (NYSE:AA) as the first Dow stock to report earnings each quarter.
Wal-Mart (NYSE:WMT): Wal-Mart is looking for an extension to the equity conversion date of the India investment vehicle Cedar Support Services, consistent with Wal-Mart’s arduous and slow progress toward opening up retail stores in the country through local partners.
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