Boeing Wins Overdue Contract, Amazon Tests Data Network, and 3 More Hot Stocks
Boeing Co. (NYSE:BA): The Chicago-based aircraft manufacturer has finally received an order for six 787 Dreamliner jets from the Chinese carrier Xiamen Airlines in a deal worth $1.27 billion at list prices. Although a letter of agreement for the booking was drafted in May 2011, the deal was delayed: The two firms lacked the approval needed from the Chinese government. That authorization reportedly arrived this week, Seeking Alpha is reporting.
Amazon.com (NASDAQ:AMZN): Amazon has apparently been conducting tests on a wireless data network, which used spectrum controlled by satellite communications company Globalstar (NASDAQ:GSAT), according to Bloomberg sources. It’s another factor that suggests that Amazon is moving away from its retail core business and branching out into communications and hardware.
Foot Locker (NYSE:FL): Shares of Foot Locker are trading lower after the company logged earnings per share of 46 cents, missing estimates by 1 cent; revenue of $1.45 billion fell in line. Comparable store sales rose just 1.8 percent as the retailer faced what it callEd a “challenging” headwind in the U.S., consistent with industry trends. The company added 160 stores for a total of 3,495 locations.
NASDAQ OMX (NASDAQ:NDAQ): Nasdaq OMX chief Bob Greifeld says any “information asymmetry” was avoided during Thursday’s three-hour shutdown on an interview with CNBC, adding that rival exchange NYSE Euronext was not to blame for the outage.
BHP Billiton (NYSE:BHP): BHP, shortly after reporting a second consecutive drop in annual profit, announced a cut in executive pay, and new CEO Andrew Mackenzie won’t receive 50,000 shares worth about $6.2 million as a part of a bonus for being lured away from rival Rio Tinto. The board also slashed the number of shares paid by 35 percent as part of a long-term incentive plan for executives.