Aug 16, 2013

Posted by in Featured, Stock Market News | 0 Comments

Most Active Runners: Boeing Co. (NYSE:BA) and Wal-Mart (NYSE:WMT)

Most Active Runners: Boeing Co. (NYSE:BA) and Wal-Mart (NYSE:WMT)

Japan’s All Nippon Airways Co. (ANA) has detected another issue on the 787 Dreamliner from Boeing Co. (NYSE:BA). On Wednesday, a flight from Tokyo to Frankfurt was postponed because of defective wiring in a fire repression system for one of the plane’s engines.

As per stated by the reports, the system might trigger a fire extinguisher on the faulty engine in the event of a fire on one of the 787’s two engines.

Boeing’s clarification is to demand airlines to check their personal 787s using an instruction sheet the aircraft manufacturer would supply.

A firm representative informed Bloomberg News that the inspections would take just a few minutes and the problem does not show an instant flight-safety issue as there was different redundancies with the fire extinguishing system.

Wal-Mart (NYSE:WMT) has declared EPS of $1.25, which met with analysts targets. Revenue of $116.2 billion was lagging, by $2.4 billion, as same store sales growth declined negative at -0.2 percent with experts demanding for a 0 percent to 2 percent range.

This consisted of a -1.3 percent decline in the US. Though, the international division fared well relatively higher 2.9 percent to $33 billion. The new outlook is kept at $5.10 – $5.30, which is lower as compared to former outlook of $5.20 – $5.40.

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