Jul 30, 2013

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Morning Movers: Boeing Co. (NYSE:BA) and Rockwood Holdings (NYSE:ROC)

Morning Movers: Boeing Co. (NYSE:BA) and Rockwood Holdings (NYSE:ROC)

Boeing Co. (NYSE:BA) has demanded airlines to check the emergency beacons on a few of its airplanes, following a fire on one of its 787 Dreamliner aircraft in the start of this month, as per reported by a blog on the firm’s website Sunday.

The airplane maker has demanded the airlines to gather data on the Emergency Locator Transmitters, made by Honeywell International Inc., to assist controllers with possible rulemaking, as per reported by the post.

Boeing had previously demanded airlines to check its 787 models, but prolonged the demand to five other models also, as per reported by the post.

Germany-located specialty chemicals company, Altana AG, has decided to purchase Rockwood Holdings Inc.’s (NYSE:ROC) global rheology business in a bid of $635 million, a move that prolongs its additives portfolio.

The division, presently part of Rockwood’s performance additives unit, makes rheology additives that optimize the flow characteristics of different materials, and are used in coatings, construction materials and personal-care products.

Altana mentioned that business generated sales of $191 million last year. Altana intends to unite it into its BYK Additives & Instruments division. The agreement is predicted to end in the fourth quarter.


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