General Electric Commits to Boeing Purchase and 3 More Hot Stocks
Boeing Co. (NYSE:BA): The aircraft leasing wing of General Electric (NYSE:GE), GE Capital Aviation Services, has committed to purchasing 10 of Boeing’s 787-10X aircraft, in a deal valued at $2.9 billion based on list prices, and pending on the release of Boeing’s larger version of the plane.
JPMorgan Chase & Co. (NYSE:JPM): JPMorgan is jacking up its transparency criteria, and beginning on Tuesday, will start disclosing the amount of liquid assets held in its money-market funds. The firm is following fellow titans Goldman Sachs (NYSE:GS) and BlackRock (NYSE:BLK) in efforts to better conform to stricter SEC regulations.
Covidien plc (NYSE:COV): The official peer-reviewed journal of the Radiological Society – Radiology – has published Covidien’s final results of the crucial trial for its Pipeline embolization device for the treatment of patients with an unruptured large or giant wide-necked aneurysm. The data from this specific trial led the FDA to approve the treatment in 2011.
United Continental Holdings (NYSE:UAL): CEO Jeff Smisek is confident that United is stabilizing after an “awful” year in 2012, when the carrier lost $723 million and suffered plagues of canceled and delayed flights, partly as an after-effect of the 2010 merger between United Airlines and Continental. Smisek implies that the issues is the business model: ”for far too long, we’ve operated this company as an airline. Airlines don’t make money.”
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