Boeing Expands Honeywell Unit Investigation Scope and 3 More Hot Stocks
Boeing Co. (NYSE:BA): Boeing recommended that airlines flying craft equipped with Honeywell-made (NYSE:HON) emergency beacons should also inspect their 717, next-generation 737, 747-400, 767, and 777 jets after a number of episodes involving the company’s 787 Dreamliner planes. As many as 1,200 aircraft from its smallest to largest models have been fitted with the devices, and Boeing is asking airlines to report back within 10 days to decide on further action.
Wynn Resorts (NASDAQ:WYNN): Second-quarter earning per share of $1.51 missed estimates by 6 cents, while $1.33 billion fell off by $0.01 billion. Revenue swelled 16.2 percent for its Las Vegas operation but improved only 2.6 percent in Macau, where the mass market segment actually performed better on a year-over-year comparison than the VIP segment. The company also injected $113 million into its Cotai project during the period.
Toyota Motor Corp. (NYSE:TM): Toyota will be sinking $30 million into its Princeton, Indiana-based facility in preparation for the production of the redesigned Highlander, making it the 10th production increase announcement in the last 20 months. The investment will create around 200 new jobs and bolster the plant’s production capabilities by 15,000 units per year.
Valeant Pharmaceuticals International Inc. (NYSE:VRX): Valeant is expecting savings of $800 million with $500 million this year alone, owing to its purchase of Bausch & Lomb. The new combined company has plans to shed 10 to 15 percent of its workforce and employ less than 100 people on its corporate staff.