Boeing Jets Undergo Testing and 2 Hot Stocks Not to Miss
The Anschutz Company announced a decision to put on the block its Anschutz Entertainment Group unit, a massive sports and entertainment entity. The multi-billion-dollar deal would include a range of assets such as stadia, baseball teams and music events. The Blackstone group has reportedly been hired to handle the deal which could have interested suitors such as News Corp. (NASDAQ:NWS) and Liberty Media (NASDAQ:LMCA).
Don’t Miss: FedEx Takes a Hit, and UPS Makes Waves.
More than 1,600 737 jets manufactured by Boeing (NYSE:BA) come in for expanded fuselage testing under new, preliminary rules issued by the FAA. The aviation authority is concerned about cracks developing in the aircraft such as those reported by Southwest Airlines.
Auto parts retailer AutoZone (NYSE:AZO) reports an EPS of $8.46 and revenues of $ 2.8 billion during its fourth-quarter. Same-store sales within the US is up only 2.1 percent on an annual basis. Though gross profit margin as a percentage of sales was higher by 60 bps, inventory climbed 6.6 percent.
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