The shares of BP plc (ADR) (NYSE:BP) soared nearly 5 percent after a U.S. Judge lowered the fine to $13.7 billion from an earlier estimate of $18 billion. As per the latest ruling, the company was responsible for dumping 3.2 million barrels of oil, a quarter less than government estimates, in the Gulf of Mexico…
BP plc (ADR) (BP)’s Oil Spill Fines Cut to $13.7 Billion Against Earlier $18 Billion Government Estimate
The shares of BP plc (ADR) (NYSE:BP) witnessed slight positive movement in the extended hour trading after a U.S. judge ruled out the $18 billion fine settlement from the government and restricted maximum fines to $13.7 billion. At the same time, the judge overruled government’s estimate of 4.2 million barrels of oil spill. In the…
Airbus Group NV (AIR) Devises New Jet Production Strategy, Books Record Orders in 2014
It was an excellent year for Airbus Group NV (EPA:AIR) as the group bagged more jet orders than its rival Boeing Co (NYSE:BA). However, the company did come second in jet deliveries, which is the point of discussion in Airbus management. The jetliner announced stability in its supply chain and the company is likely to…
Boeing Co (BA) And Airbus Group NV (AIR) Compete Toe-to-Toe On Orders And Deliveries, Boeing Denies Plans For Long Range 737
The business world is all about competition and the most recent one making rounds in the market involves two of the largest jet manufacturers of the world, Boeing Co (NYSE:BA) and Airbus Group NV (EPA:AIR). According to the latest reports, Boeing said that it is not planning to compete with Airbus over the long-range 737…
Transocean LTD (RIG) Hit Large By Oil Prices Slump, Moody’s Expect $9.1 Billion Debt to Curve Out As Junk
The New Year hasn’t brought any good news for Transocean LTD (NYSE:RIG) as the oil drilling company is losing its share value aggressively. The $9.1 billion debt of the company might reach a junk status without any improvement in crude oil prices, says Moody’s Investor Service. The shares of the owner of the world’s largest…
Boeing Co. (BA) Hits 2014 Target With Industry Record Deliveries
Boeing Co (NYSE:BA) successfully hit its 2014 delivery targets with an industry record 723 jetliners delivered for the year. The Chicago based plane maker received a total of 1,550 gross orders as well as 1,432 net orders valued at $232.7 as of 2014 list prices. Compared to 2013, net orders for 2014 surged at 6…
Boeing Co (BA) Ready To Create Record Commercial Aircraft Deliveries In 2015
After announcing an increase in share repurchase fund and 25% increase in dividends, Boeing Co (NYSE:BA) is all set to make another record in 2015. The world’s biggest airplane manufacturer is ready to deliver up to 754 commercial jets in 2015. According to the recent forecast from the U.S. Aerospace Industries Association, the jet manufacturer’s…
General Electric Company (GE) Takes a ‘Pragmatic’ View of Earnings Report
‘Pragmatic’ is how General Electric Company (NYSE:GE) describes its outlook towards the expected earnings in 2015, according to CNBC. In a broadcast anchored by Mary Thompson, the company announced that in spite of oil prices plunging southward had hit its bottom line it was still poised for good things to come. One of the upsides…
Exxon Mobil Corp (XOM) Emerges As an Attractive Investment Option
In its latest update that was released on Monday, 15th December, 2014, Wall Street upgraded Exxon Mobil Corp (NYSE:XOM) from its ‘Underperform’ status and elevated it to ‘Market Perform’ category. As a result of this upgrade, the price target was also revised from its current levels of $85 to $95, thus rendering it an attractive…
United Technologies Corporation (UTX) CEO’s Abrupt Retirement Baffles Analysts
United Technologies Corporation (NYSE:UTX) has announced the immediate retirement of its CEO, Louis Chenevert. The company announcement, made on Monday, surprised analyst even as Chenevert is expected to present United Tech’s outlook for 2015 in a meeting with analyst and investors in New York, which has been scheduled about two weeks from now. No reason…