UPS PRICE HIKE and 4 Stocks SWIRLING This Morning
Latest box office estimates of Sony’s (NYSE:SNE) blockbuster The Amazing Spider-Man put takings for the extended six-day opening of the film at around $150 million – ahead of the company’s launch estimate of $110-$120 million due to an excellent international response to the film and record-breaking pre-release tracking. The film reportedly cost $220 million to make.
Boeing (NYSE:BA) and Southwest Airlines (NYSE:LUV) have asked the FAA to delay its inspections on Boeing 717 fuselage frames, allowing Boeing time to stock on necessary spares and to examine latest data to establish whether fatigue cracking in 717 over-wing frames is developing earlier than previously thought. Southwest is the largest operator of 717s.
NASA has awarded a 5-year contract for the design and implementation of a soil and groundwater cleanup at its Kennedy Space Center to Jacobs Engineering (NYSE:JEC) – the contract could be potentially worth $91 million.
UPS (NYSE:UPS) may raise freight rates by 5.9 percent on minimum-charge, part-truckload consignments and accessorial charges in U.S., Canada and Mexico effective July 16.
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