Boeing 787-10X Jets Fitted With Rolls-Royce Engines and 2 Other Dow Movers to Watch
The Boeing Company (NYSE:BA): Current price $101.96
Southeast Asia’s number-one carrier Singapore Airlines will fit Rolls-Royce Holdings engines into the 30 Boeing Co. 787-10X jets it ordered last week. In a Friday statement, the company said that it chose the Trent 1000 engines over a General Electric Corp. engine available for the aircraft. The order is contingent upon Boeing formally introducing the 787-10X. Last week Singapore Air agreed to order 30 Boeing 787-10Xs and 30 additional Airbus SAS A350-900s, which are also powered by Rolls-Royce, as Southeast Asia’s economic growth pushes travel demand. Chief Executive Goh Choon Phong is adding more planes and has upgraded the business-class cabins, as he sees growing competition from Emirates and other airlines expanding in the region.
AT&T (NYSE:T): Current price $35.52
AT&T and IBM will collaborate to deliver a new eCommerce solution that can assist retailers in providing a consistent shopping experience for customers whether they are shopping online, by means of a mobile app or in-store. The new service should be available in 2013, and joins AT&T’s cloud, application management and network services with eCommerce software from IBM’s Smarter Commerce initiative in one subscription-based package created for retailers.
Wal-Mart Stores (NYSE:WMT): Current price $75.54
During its annual meeting Friday, the retailer announced a $15 billion share repurchase program, as it is posed with growing scrutiny from investors concerning how it has handled claim of bribery in its Mexican operations that surfaced in 2012. Along with that, shareholders in the audience made proposals in regards to workplace safety in Bangladesh, the Mexican bribery scandal and executive paychecks. Wal-Mart is under pressure to increase its oversight of factory conditions abroad subsequent to a building collapse in April in Bangladesh that killed over 1,100 garment workers, and is also under increasing scrutiny for the manner in which it treats its own workers.
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