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Latest news on ‘Aerospace’

  • Northrop Not Bidding for $35 Billion Tanker Program

    3/08/10

    (Bloomberg) -Northrop Grumman Corp. decided not to bid for the U.S. Air Force’s $35 billion tanker program, making good on a threat to withdraw from the contest unless the government [...]

  • Virgin Wants Tougher Demands for Rivals’ Alliance

    2/15/10

    By KAVERI NITHTHYANANTHAN
    LONDON – Virgin Atlantic Monday called on the European Commission to force British Airways PLC and AMR Corp.’s American Airlines to give up far more than U.S. regulators [...]

  • Airlines’ Punctuality Improved in 2009

    2/12/10

    By SUSAN CAREY
    Several airlines grabbed bragging rights for their on-time performances for all of 2009 after the government Friday released its Air Travel Consumer Report for December. But some conveniently [...]

  • Airline stocks mostly up

    2/08/10

    DALLAS (AP) – Shares of the leading U.S. airlines were mostly higher in midday trading Monday as the broader market wavered.
    The Amex airlines index was recently up 1.5 percent, with [...]

  • BofA’s Lewis Faces Squeeze by Cuomo Over Role in Credit Crunch

    2/04/10

    By David Mildenberg and Karen Freifeld
    (Bloomberg) – Kenneth D. Lewis, who presided over two bailouts at Bank of America Corp., now stands as the only chief among the biggest U.S. [...]

  • FAA proposes $2.5 million penalty against Eagle

    2/01/10

    David Koenig, DALLAS (AP) – Federal regulators are proposing a penalty of nearly $2.5 million against a sister carrier of American Airlines for not making sure crews had accurate information [...]

  • BofA loses $5.2B in 4Q as it repays bailout

    1/20/10

    By Ieva M. Augstum (AP) – Bank of America Corp. said Wednesday it lost $5.2 billion during the final three months of 2009 as consumers struggled to make mortgage and [...]

  • JAL restructuring plan under state-backed fund

    1/19/10

    TOKYO (Reuters) – Japan Airlines Corp has filed for bankruptcy and will be restructured with the help of a state-backed turnaround fund, the Enterprise Turnaround Initiative Corp of Japan (ETIC).
    DEALS [...]

  • Airline stocks rise as oil falls below $80

    1/13/10

    By Christopher Hinton (MarketWatch)
    -Airlines stocks were up Wednesday morning as benchmark oil prices fell below $80 a barrel. At last check, the NYSE Arca Airline Index (XAL 35.79, +0.93, +2.67%) [...]

  • Lockheed Martin to cut 1,200 jobs

    1/06/10

    BETHESDA, Md. (AP) — Defense contractor Lockheed Martin said Wednesday it plans to cut 1,200 jobs to lower costs as it combines two units.
    The cuts amount to less than 1 [...]

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