NEW YORK -- Boeing's (BA) 787 Dreamliner has been grounded in Europe after the United States grounded the planes and ordered a safety review following a series of recent incidents with the aircraft.
The European Aviation Safety Agency said it endorses Wednesday's directive from the Federal Aviation Administration in the U.S. that grounded the jet until the risk of battery fires is resolved.
Since launching after delays of more than three years, the Dreamliner has been plagued by a series of problems including a battery fire and fuel leaks.
Bank of America (BAC) is expected by Wall Street Thursday to post fourth-quarter earnings of 2 cents share, flat with the third quarter and below the 15 cents the bank earned a year earlier. Investors will be looking for signs that Bank of America is beginning to make progress with much-anticipated cost cuts. For Bank of America, It's About Cost Cuts, Not Growth
Citigroup (C), the third-largest bank in the U.S,. is expected by analysts Thursday to post fourth-quarter earnings of 87 cents a share, up from 32 cents a share a year earlier.
Chipmaker Intel (INTC) reports fourth-quarter earnings after Thursday's closing bell and analysts forecast a profit of 45 cents a share, down from 64 cents a year earlier. Intel Into Earnings Is a Strong Buy
Hewlett-Packard (HPQ) shares climbed Wednesday following a news report that potential purchasers are evaluating the company's Autonomy and EDS units. The Wall Street Journal reported that the tech giant has received "expressions of interest from potential suitors" for Autonomy, the U.K. software maker acquired in August 2011. The newspaper cited people familiar with the discussions The purchase was thrust into the spotlight in November when HP recorded a massive write-down of about $8.8 billion relating to accounting improprieties at Autonomy prior to the acquisition. HP Shares Spike as Suitors Circle
EBay (EBAY) posted fourth-quarter adjusted earnings of 70 cents a share, a penny above analysts' forecasts, and 17% higher than adjusted earnings a year earlier. Revenue rose 18% to almost $4 billion, in line with analysts' forecasts. EBay said it expects first-quarter adjusted earnings of 60 cents to 62 cents a share on revenue of $3.65 billion to $3.75 billion. Analysts are looking for adjusted profit of 64 cents a share on revenue of $3.8 billion.
UnitedHealth (UNH) is expected by Wall Street to report fourth-quarter profit of $1.20 a share on revenue of $28.2 billion.
-- Written by Joseph Woelfel
>To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: firstname.lastname@example.org.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV