Dow’s Antitrust Trial and Boeing Gets Grounded: Morning Buzzers
At 8:38 a.m.: S&P: +0.14%, Dow: +0.28%, NASDAQ: +0.24%.
Boeing (NYSE:BA) is once again trading lower as nations around the world, including the United States, ground their fleets of 787 Dreamliners to investigate battery-related problems. As it stands, new lithium-ion batteries seem to be the center of most of the problems, but regulators are also investigating possible fuel leaks and other electrical problems.
eBay (NASDAQ:EBAY) is riding high on post-earnings buzz today. The company reported double-digit revenue growth and also doubled its volume to $13 billion. Net income did fall to $0.70 per diluted share, but still came in ahead of expectations… (Read more.)
Dow Chemical (NYSE:DOW) could face damages in excess of $3 billion if it is found guilty of violating federal antitrust law. The company is accused of fixing the price of urethane chemicals between 1999 and 2003.
Dell (NASDAQ:DELL) and the private-equity firms interested in buying it out are close to lining up a deal, reports Bloomberg. The firms need about $15 billion in funds to proceed and are quickly approaching their goal. The deal could be announced as soon as next week.
Shares of CBS Corp. (NYSE:CBS) shot up nearly 10 percent in the pre-market following news that the company will sell off valuable outdoor advertising assets in Europe and Asia and convert its American assets into a real estate investment trust.
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