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Activist Investor Nelson Peltz Says He Is Putting New Capital To Work
Friday, May 15, 2020 - 10:29am | 461Read More...Activist investor and Trian Partners CEO Nelson Peltz told CNBC on Thursday's "Halftime Report" he bought shares of unnamed companies that were "beaten down too much." Peltz's Buying Strategy The activist investor isn't disclosing what specific stocks he has been...
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GE Aviation Furloughs Half Its Engine Manufacturing Workforce Amid Coronavirus Pandemic
Friday, April 3, 2020 - 4:25am | 416Read More...Thousands of workers in General Electric Company’s (NYSE: GE) aviation subsidiary are impacted as company furloughs half its aircraft engine manufacturing workforce. What Happened The ongoing coronavirus pandemic is hitting the aviation industry hard, as airlines ground planes and delay...
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Boeing Asks For Minimum Of $60B In Government Aid As Coronavirus Pandemic Hits Aerospace Industry
Wednesday, March 18, 2020 - 3:25am | 399Read More...Boeing Co (NYSE: BA) Is asking for access to public and private liquidity, which includes loan guarantees for the aerospace manufacturing industry. What Happened Calling itself the “number one US exporter,” Boeing made a case for supportive legislation and “appropriate...
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GE Aviation Leasing Arm Changes CEO
Wednesday, November 6, 2019 - 1:56pm | 184Read More...General Electric Company (NYSE: GE) on Wednesday promoted Greg Conlon to president and CEO of its aviation finance and leasing arm to replace Alec Burger, who will continue as head of GE Capital and serve as chairman of GE Capital Aviation Services. The move comes after months of speculation that...
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UK Aviation 2050 Consultation Period To End In April
Friday, March 8, 2019 - 5:15pm | 754Read More...The United Kingdom (UK) Government's consultation on the aviation industry, which was launched in December will draw to a close on 11 April with the minister promising that the process will produce concrete policies by 2020. The consultation paper focuses predictably on the passenger side of...
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Former Navy Secretary Kicks Off Sustainable Aviation Fuels Summit In Seattle
Thursday, March 7, 2019 - 4:52pm | 735Read More...Arguing sustainable aviation fuel is the future, Ray Mabus, the former Secretary of the Navy in the Obama administration, called on businesses and public agencies to step up purchases of aviation biofuels and support high profile demonstration projects that accelerate the transition away from...
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Boeing Acquires Aviation Software Company ForeFlight
Thursday, March 7, 2019 - 11:50am | 382Read More...Boeing Co (NYSE: BA) acquired aviation software developer ForeFlight, the airplane manufacturer announced today. Terms of the deal were not disclosed. ForeFlight, founded in 2007, has worked with Boeing for the past two years, delivering Jeppesen's navigation and flight planning tools and...
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Blockchain's Relevance In Track-And-Trace Across Aviation And Maritime Industries
Friday, January 11, 2019 - 1:01pm | 817Read More...Though much of the clamor behind cryptocurrency abated over the last year, the legitimacy of the blockchain technology that fuels the currency is beyond doubt. Blockchain is now in different levels of adoption across various verticals, as businesses run pilot tests to see how well it fits their...
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GE's Earnings Beat Fails To Change This Bear Analyst's Mind
Friday, April 20, 2018 - 12:08pm | 362Read More...General Electric Company (NYSE: GE) reported better-than-expected earnings Friday morning, but the figures weren't strong enough for one bear analyst to turn positive. The Analyst JPMorgan's Stephen Tusa maintains a Sell rating on GE's stock and discussed the print on CNBC's...
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Aerospace Mega-Deal: United Technologies Buys Out Rockwell Collins For $30 Billion
Tuesday, September 5, 2017 - 8:44am | 350Read More...United Technologies Corporation (NYSE: UTX) will acquire Rockwell Collins, Inc. (NYSE: COL) in a deal worth $30 billion, forging an aerospace behemoth producing virtually all types of avionics systems for commercial and defense aircraft. The purchase price includes $23 billion and the acquisition...
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An Air Tesla? JetBlue-, Boeing-Backed Startup Zunum Aero Plans Cheap Electric Flights
Thursday, April 6, 2017 - 11:16am | 578Read More...Boeing Co (NYSE: BA) and JetBlue Airways Corporation (NASDAQ: JBLU) are investing in a radical new startup that plans to use electric-hybrid planes and smaller regional airports to offer regional air travel at about 80 percent of current costs. Starting in the early 2020s, the Kirkland, Washington...
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Citi, Morgan Stanley At Odds Over Garmin
Thursday, October 15, 2015 - 1:59pm | 485Read More...Shares of Garmin Ltd. (NASDAQ: GRMN) plunged to new 52-week lows of $31.86 on Thursday and are now lower by nearly 40 percent year-to-date. Jeremy David of Citi maintained a Sell rating with a $30 price target on Garmin after the company pre-announced disappointing third-quarter results on...
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Can Drone-Maker AeroVironment Compete In A Civilian Environment?
Friday, July 11, 2014 - 3:36pm | 680Read More...Shares of drone-maker AeroVironment (NASDAQ: AVAV) soared Wednesday, seeing a 13 percent bump for the day. But the question, according to Zacks, was whether the positive news would last. This was especially relevant given considering AeroVironment -- a company that has been so heavily involved...
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Transport ETFs Keep On Trucking Higher
Friday, May 23, 2014 - 3:22pm | 515Read More...Despite the relative flattening in the broader market, the transportation sector has continued to trend strongly higher and has yet to show signs of slowing down. This sector is often closely associated with the health of the domestic economy, as a result of goods and services being shipped...
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Germany's Lufthansa Teams Up With Gevo To Test Biomass Jet Fuel
Wednesday, April 23, 2014 - 2:20pm | 481Read More...The aviation industry has come roaring back into the black after the dark years following the 9/11 terror attacks and the effects of the Great Recession. But one place where the industry still finds its profits being eaten away is in fuel costs. Last month, according to the Dallas Morning News...
