Boeing Delivers British Airways’ 1st 787 Dreamliner and 2 Other Dow Movers To Watch
The Boeing Company (NYSE:BA): Current price $100.68
British Airways reported that it has taken delivery of its first Boeing 787 Dreamliner, with arrival in the United Kingdom pushed back for unspecified operational matters, which contributed to delays after a global three-month grounding of the jet. The first two planes had been due in May. The deliveries form part of a $7.7-billion fleet upgrade; British Airways is replacing planes that are less fuel efficient with additional Boeing 777 long-haul jets and the Airbus SAS A380, which debuts July 4. Spokesman Tony Cane said in an email that “We expect our first two 787s to arrive at Heathrow within the next few days.”
Microsoft Corporation (NASDAQ:MSFT): Current price $34.30
Microsoft shares moved up by more than 2 percent ahead of the opening keynote of its Build developers conference in San Francisco, where it is anticipated that the firm will preview the next major update to its Windows 8 operating system that has been code-named Windows Blue. Shares were also upgraded at Morgan Stanley to Overweight, with the analyst citing “more room to run” for Microsoft, which shares have already increased by 26 percent since the first of 2013. Analyst Keith Weiss wrote in a note to clients that, “While Microsoft sentiment has improved from the trough, we see further room to go with increased focus on strong trends in their Cloud and non-PC businesses, the potential for restructuring to sharpen focus on key assets and better PC data.” At the same time, Weiss elevated his price target on the shares from $36 to $40.
General Electric Company (NYSE:GE): Current price $23.30
GE Healthcare and Konica Minolta have reached a worldwide distribution accord for Konica Minolta’s AeroDR cassette-size digital x-ray imaging retrofit. The two partners have now agreed to broaden their strategic alliance, with GE Healthcare distributing AeroDR on a global basis, using its sales channels. The agreement will permit healthcare facilities which have x-ray analog devices to implement digital imaging upgrades, employing their current imaging equipment.
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