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Kenya Airways signed an order for three additional Boeing 787-8 Dreamliners while Qatar Airways ordered two Boeing 777 freighters. Boeing (NYSE: BA - News) announced the orders Sunday. Kenya Airways already had six 787s on order plus options for a six additional Dreamliners. The airline will receive its first 787 in October 2010 with deliveries extending to late 2012. The additional order is worth at least $444 million at list prices. So far, Boeing has 461 orders and commitments from 37 airlines for the 787. Strong air cargo growth in the Middle East is why Qatar Airways ordered two 777 freighters. The order is worth at least $465 million at list prices. Qatar Airways has a total of 22 777s on order, most of them in passenger configuration. Deliveries will take place starting in November 2007 and continue until mid-2010.
Source: Bizjournals.com

Labels: BA, Boeing, Kenya Airways

U.S. stocks closed slightly higher on Tuesday as cautious investors took few new positions before the Thanksgiving holiday, but shares of aircraft maker Boeing Co. (BA.N: Quote, Profile, Research) and Web search leader Google Inc. (GOOG.O: Quote, Profile, Research) soared to record highs, offsetting a jump in oil prices. The Dow Jones industrial average <.DJI> was up 2.88 points, or 0.02 percent, to end unofficially at 12,319.42. The Standard & Poor's 500 Index <.SPX> was up 2.21 points, or 0.16 percent, to finish unofficially at 1,402.71. The Nasdaq Composite Index <.IXIC> was up 1.98 points, or 0.08 percent, to close unofficially at 2,454.70.
Source: Reuters.com

Labels: BA, Boeing, GOOG, Google, Growth, Nasdaq, NYSE Group, Stocks

Stocks edged higher on Tuesday as investors were cautious about taking new positions in a holiday-shortened week, but shares of jet aircraft manufacturer Boeing Co. (BA.N: Quote, Profile, Research) and Web search leader Google Inc. (GOOG.O: Quote, Profile, Research) hit record highs. Shares of Boeing rose 1.7 percent to an all-time high of $90.64 on the New York Stock Exchange and led the Dow higher after Korean Air Co. (003490.KS: Quote, Profile, Research) said it had ordered 25 aircraft from the company. Google shares also tore through the key $500 level, climbing 2.2 percent to $505.72 and ranking among the Nasdaq's biggest gainers. In recent months, Google has pulled away from its peers on the Internet by posting sustained growth that is three to four times faster than its rivals. At the same time, its closest competitor, Yahoo Inc. (YHOO.O: Quote, Profile, Research) is in turmoil over strategy. The Dow Jones industrial average <.DJI> was up 6.57 points, or 0.05 percent, at 12,323.11. The Standard & Poor's 500 Index <.SPX> was up 2.24 points, or 0.16 percent, at 1,402.74. The Nasdaq Composite Index <.IXIC> was up just 0.96 of a point, or 0.04 percent, at 2,453.68. "The market has soared seven out of the last eight weeks, so it's just a little pause to catch its breath," said Al Goldman, chief market strategist at A.G. Edwards in St. Louis, Missouri. "The nice thing is that the market is handling the profit taking so far in a very positive fashion. The week before Thanksgiving tends to be strong seasonally." U.S. financial markets will be closed on Thursday for Thanksgiving, and the stock market will close early on Friday. Shares of medical device maker Medtronic Inc. (MDT.N: Quote, Profile, Research) shot up 8.8 percent to $53.24 and were the top positive influence on the benchmark S&P 500 index, as the company posted a better-than-expected quarterly profit. Farm equipment maker Deere & Co. (DE.N: Quote, Profile, Research) said quarterly earnings rose a better-than-expected 19 percent on a turnaround in its equipment business, sending shares of the company up 4.7 percent to $93.60.
Shares of upscale department store operator Nordstrom Inc. (JWN.N: Quote, Profile, Research) rose 3.9 percent to $49.32 on the NYSE after it reported quarterly results late on Monday.
Source: Reuters.com

Labels: BA, Boeing, DE, GOOG, Google, JWN, MDT, Medtronic, Nordstrom, Stocks