U.S. Morning Call: Japan Airlines wants payback from Boeing
Monday, February 04, 2013 - 03:23
Feb 4 - Boeing will be in the spotlight after Japan Airlines said it will talk to the company about compensation for the grounding of the 787 Dreamliner.
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Here's your morning call for Monday -- going in the spotlight again Japan airlines that we'll talk compensation with vowing. For the grounding of the 787 dreamliner once the situation settled down. Idling of its jets may have eight million dollar impact on earnings through march carrier operates seven of the fifty -- liners in service around the world. Rival all Nippon Airways which has more 780 sevens and JL so last week it would seek compensation than Boeing once the amount of damages is clear. It has seen a fifteen point one million dollar drop in revenue from the cancellation of 459. Dreamliner flight for the month of January. Shares of Boeing closed at 236 on Friday. Not to earnings Simon Property Group the largest US mall and outlet owner reported earnings moments ago. The company estimates on higher rent and sales also increased its quarterly dividend. -- 21%. Gannett the largest newspaper chain in the US also reports today shares have jumped nearly 40% year over year. It's broadcast stations mostly NBC affiliates have benefited from the Olympics and political ads its newspapers which include USA today and the Detroit Free Press. Are now charging for some of the continent but ad revenue continues to decline. Restaurant operator Yum! Brands expected to post higher quarterly earnings when it reports after the bell. Investors will want to know how a parent at KFC Taco Bell and Pizza Hut is addressing scares over the safety of China's chicken supply. Other stocks to watch black rock facing a lawsuit filed by two major US pension funds yesterday. Accusing it of -- revenues from the securities lending program. The pension funds of Cincinnati and Nashville alleged black rock officials. Any iShares ET to -- a scheme to take at least 4% of revenues for themselves. At the expense of investors. They're calling this quote entirely disproportionate. Black rock as saying the complaint is without merit and it will contest vigorously. The recently acquired iShares unit has been stellar performer for black rock bringing in 36 billion of new business in the fourth quarter. On to a couple more stocks were watching namely Smith & Wesson and Sturm -- why well senate democratic leaders expect it is a new gun bill today. The bill likely seek to limit the capacity of at -- ammunition magazines expand background checks and curb gun sales across the states. Shares of guns -- -- manufacturers losing some steam since the tragedy in new tan. US stock futures are putting to a lower open today following a sharp rally last week. At 141009. The -- about 200 point shot at a all time highs at 2007. Barron's is bullish on the index -- could hit 151000. By the end of this year. On the S&P -- expects the growth with -- an energy and financials with B cap stocks Exxon and Chevron leading the way. Later today we'll get a look at US factory Reuters IFR predicts a rise of one point 8% for December. That's from article for Monday remembered follow us on Twitter at what is inside or get more videos at borders dot com slash writers TV. I'm Lisa Bernhard this is where it.
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