Boeing Batteries Not Blamed for Heathrow Fire and 2 Other Dow Movers to Watch
The Boeing Co. (NYSE:BA): Current price $105.66
Boeing Shares are up almost 3 percent on Monday, after an inquiry into a fire on a 787 Dreamliner at London Heathrow did not blame the plane’s batteries. On Friday, speculation about the fire had pressed shares down by 4.7 percent, relieving Boeing’s market value of $3.8 billion. Analyst Peter Arment at Sterne Agee & Leach Inc. wrote in a research note that, ”Thankfully the British authorities have ruled out the batteries as a cause of the fire.” On Saturday, the United Kingdom’s Air Accidents Investigation Branch said that it found no evidence that the fire was caused by the batteries.
Johnson & Johnson (NYSE:JNJ): Current price $90.40
On Monday, Johnson & Johnson said that its board has declared a cash dividend for the third quarter of 2013, at 66 cents per share on the firm’s common stock. The dividend is payable on September 10 to shareholders of record as of the close on August 27, with an ex-dividend date of August 23.
Hewlett-Packard Co. (NYSE:HPQ): Current price $26.19
Hewlett-Packard on Monday named three well known directors, including the former Microsoft software head Raymond Ozzie and former McDonald’s Chief Executive James Skinner, to its board. The PC maker has been attempting to reinforce its board after years of leadership problems, and said that it is still searching for additional directors. The firm is also looking for a permanent nonexecutive chairman to replace Ralph Whitworth, who serves in the position on an interim basis. Monday’s appointments swell the size of HP’s board from nine to twelve. Chief Executive Meg Whitman wants to turn around HP’s operations, while Whitworth, who heads activist hedge fund Relational Investors, pledged to implement board changes when he took the position in April.