Norwegian Air CEO Stands By Boeing 787 Dreamliner and 2 Other Dow Movers to Watch
Boeing Co. (NYSE:BA): Current price $118.57
Although Norwegian Air Shuttle CEO Bjorn Kjos has been quite frank about his difficulties with the Boeing 787 Dreamliner, he says that he would still order the aircraft if he had to do it again. In an interview with The Street, Kjos said: “It’s a fantastic airplane. It’s great. The 787 is incredible on fuel burn. Boeing has been very professional; they understand the aircraft has to be flying.” The story of Norwegian’s 787 problems has been highly publicized because the airline has insisted upon discussing them with American reporters. In one recent press release, the carrier called the 787 “a nightmare for the airlines relying on this new craft.”
Wal-Mart Stores Inc. (NYSE:WMT): Current price $74.22
There has been another deadly fire at a Bangladesh garment factory that took the lives of nine workers and injured close to 50 others. During the evening shift on Tuesday, a faulty heating machine at the Aswad Composite Mills, near the capital, Dhaka, caught fire while employees made clothing for major brands that include Wal-Mart and The Gap. The Aswad factory blaze is the fourth such tragedy to plague Bangladeshi garment workers in the past year, beginning with last November’s disaster at the Tazreen Fashion factory that killed 112 people.
Intel Corp. (NASDAQ:INTC): Current price $23.21
On Friday, Macquarie downgraded Intel from Outperform to Neutral, maintaining its price target at $22. Shares were downgraded due to worries that the move toward cloud computing will place pressure on mix. The firm thinks that Intel’s growth rate in processor shipments might rise but that it will be outweighed by ASP declines. However, shares are up about 0.4 percent Friday afternoon at $23.20.
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