Boeing Co. (NYSE:BA) or Airbus SAS (EADSY) could get an order from Turkish Airlines, AKA Turk Hava Yollari AO, for at least 15 jumbo jets worth $4 billion as soon as next month, as it complements its routes and searches for acquisitions in emerging markets, according to a Bloomberg report. Delivery should begin after 2014.
Bank of America Corporation (NYSE:BAC): SEC Chair Mary Schapiro’s opinion that the $2.6 trillion money market mutual funds industry requires stronger oversight, seems to be affirmed by a new study by her agency that says that money market mutual funds have been rescued from financial trouble by their parent firms over 300 times the 1970s. This would be approximately 100 times more than previously reported, says the Wall Street Journal.
Cisco Systems, Inc.’s (NASDAQ:CSCO) position as the major rival to Juniper (NYSE:JNPR) was key to the research firm FBR Capital’s drastically cutting its price target for the latter on Thursday morning from $24 to $14. Juniper shares fell as FBR worried that the firm would not be able to contend with the new products being developed by Cisco, and also that Juniper’s current products might not perform well in the current environment, in which demand is building for network equipment that can help bring revenue or decrease network cost and complexity. In addition FBR is dubious as to whether Juniper will be able to fulfill its long-term guidance, and thus keeps its Market Perform rating on the shares, which fell 3.29 percent in mid-morning trading.
EI DuPont de Nemours & Co. (NYSE:DD) has filed a lawsuit in the United States Federal Court for the District of Oregon, in which it alleges that Heraeus Materials Technology and its customer SolarWorld Industries infringe DuPont U.S. Patent No. 8,158,504 B2, by manufacturing, selling and/or using Heraeus front-side silver pastes.
JPMorgan Chase & Co. (NYSE:JPM), Goldman Sachs (NYSE:GS) and other United States banks are monitoring the Commodity Futures Trading Commission, to see if it proposes guidance that could cause them to be subject to the Dodd-Frank Act swaps rules in their overseas offices, according to Bloomberg.
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