Boeing ELEVATES on Outlook and 4 Dazzling Dow Drivers
Boeing Co. (NYSE:BA) raises its projections for commercial-jet sales in a span of the next 20 years, from the prior calculation of nearlt $4 trillion, to $4.5 trillion. The aircraft builder also predicts that 34,000 planes will be sold, which is up from the 33,500 prior estimate. At the same time, Boeing moderates its outlook for cargo-traffic growth.
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The Home Depot, Inc. (NYSE:HD) is initiating the sale of Electrolux major appliances in the United States. The company is presently the world’s largest home improvement specialty retailer.
International Business Machines Corp. (NYSE:IBM) and The National Environment Agency are partnering under a three-year research collaboration, and have inked a Joint Development Agreement under which IBM researchers will cooperate with the NEA in the production of advanced modeling and predictive capabilities, to meet key environmental demands in Singapore such as air quality, extreme weather events, dengue outbreaks and food poisoning incidents. The joint efforts will enable researchers from NEA and IBM’s mathematical experts team to exploit the wide capabilities of advanced analytics, which include the ability to capture data in real time and turn it into intelligence, or perhaps predictive insight that enables smarter decisions.
Johnson & Johnson (NYSE:JNJ): The FDA has proposed that most medical devices distributed in the United States should carry a unique device identifier, or UDI. This is in response to broad bipartisan legislation that has passed Congress; a UDI system could improve the quality of information in medical device adverse events reports, which would speed identification of product problems more quickly, producing better target recalls, and also enhance patient safety, reports the FDA, which wants comment on the proposal for 120 day period.
JPMorgan Chase & Co. (NYSE:JPM) has been subpoenaed twice in the past three months by the Federal Energy Regulatory Commission, reports the Financial Times, in its inquiry into energy prices and possible market manipulation in the MidWest and in California. The regulatory body says that JPM’s bidding strategies might have inflated electricity costs by at least $73 million.
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