Boeing Affirms Delivery Schedule and 3 Dow Movers Seeing Action
The Boeing Company (NYSE:BA) has affirmed the timetable for the service launch of its 787-9 Dreamliner, which is a stretched-out version of the new jet, following American Airlines again reporting that its first delivery had been postponed past the year 2014 by “production issues.” Marc Birtel, a spokesman for Boeing, says that the aircraft is still set to reach its first customer in 2014, and the jet is scheduled for its maiden flight in the second half of next year.
Bank of America Corporation (NYSE:BAC) has posted third quarter revenues of $20.7 billion, which is down by 28 percent on the year. Subtracting DVA and FVO adjustments, revenues increased by 0.2 percent to $22.5 billion. Consensus had the firm set to generate revenues of $21.9 billion. BofA reported a net income of $340 million for the quarter. Following the payment of preferred dividends, the firm lost $33 million, or zero cents per share. Analysts had anticipated that the bank would post a loss of 7 cents per share, but those estimates covered a wide range.
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Cisco Systems (NASDAQ:CSCO) and Citrix have extended their desktop virtualization collaboration to take on the challenges of mobility and networking and cloud computing, hoping to exploit what they think is a wider technological transition into mobile and cloud-based architectures. As part of the plan, the firms intend to join the Citrix NetScaler application delivery controller with other Cisco network and security services, like Wide Area Application Services and Adaptive Security Appliance (NYSE:ASA).
EI DuPont de Nemours & Co. (NYSE:DD) has accused Kolon Industries of stealing its secrets, according to CNBC.