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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: ChanceIs who wrote (195699)4/9/2009 4:43:48 PM
From: patron_anejo_por_favorRead Replies (3) of 306849
 
Nice. Boeing warns AH in front of a long weekend:

marketwatch.com

Boeing to cut 777 production; delay increases of 747s, 767s

By Wallace Witkowski
Last update: 4:30 p.m. EDT April 9, 2009
SAN FRANCISCO (MarketWatch) -- Boeing Co.
BA) said late Thursday it is curbing produciton of twin-aisle commercial jets, a move that will result in a sizable hit to first-quarter earnings. Boeing said it will cut production of 777s to five airplanes a month from seven beginning in June 2010, and will delay plans to modestly increase 747-8 and 767 production. The aircraft maker also said that the sour economy "has contributed to significant declines in the escalation indices that affect forecasted pricing for commercial airplanes already ordered." As a result, the production decisions and the unfavorable price escalation will lower first-quarter earnings by 38 cents a share. Shares of Boeing fell 3% to $38 a share in after-hours activity.
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