Boeing’s 787 Headaches Return, Comcast’s Big Box Office Year, and 3 More Hot Stocks
Boeing Co. (NYSE:BA): More bad news from Camp Dreamliner: All Nippon Airways has detected a wiring fault in the fire extinguishers for engines of three 787s, and the carrier is analyzing whether the problem would have caused the extinguisher to malfunction in the event of a fire. ANA is checking the wiring on all 10 of its 787s in service and interrupted a flight to Helsinki to ensure they were wired correctly.
Comcast (NASDAQ:CMCSA): Comcast’s Universal Pictures International unit has already surpassed its global box office mark of last year, as the studio has produced hit after hit that have performed well in new markets. Further, in addition to the $1.8 billion it’s made so far, UPI still has 14 films to be released this year.
Royal Bank of Scotland Group (NYSE:RBS): According to Fitch, the costs of initiating a “bad bank” split for RBS would likely exceed the benefits largely due to the complications in actually carrying out the split, the bank’s first-half profits, and increasingly robust balance sheet. Fitch says that the most likely option for the bank is to continue with planned capital actions — de-leverage further, sell some U.S. operations, and reduce its markets business.
Novartis (NYSE:NVS): Following other industry leaders in China, Novartis has become the latest pharmaceutical firm to be caught up in bribery allegations in the country, as an unnamed former employee has reportedly said that her manager told her to pay bribes of 50,000 yuan ($8,200) to doctors to guarantee 650,000 yuan in sales of cancer treatments for June and July.
US Airways Group Inc. (NYSE:LCC): Airline analysts are contending that the U.S. Justice Department is “missing the big picture” by trying to block the merger of US Airways and American Airlines or force a divestiture. Other carriers aren’t ready to service smaller communities that could be clipped by the federal intervention, Seeking Alpha notes, adding that fares are “moving higher on capacity cuts irrespective of the American-US Airways combination.”
Don’t Miss: Boeing: Here’s Another 787 Flaw to Inspect.