Representatives from the Federal Aviation Administration and Boeing confirmed that the jet, which was in Texas being painted, will fly from Fort Worth to Everett, Wash., where Boeing is based. The one-time "ferry flight," which is used just to move aircraft, not to transport passengers or undergo testing, will be the first time a Dreamliner has flown in three weeks. The FAA said the only people on board will be those needed to operate the aircraft.
The U.S. National Transportation Safety Board said it is still weeks away from determining what caused battery problems and failures on the 787. The entire fleet of 787 Dreamliner jets has been grounded since Jan. 16, following a battery fire on one jet and an another that was forced to make an emergency landing.
American Airlines (AMR) is trending as reports indicate the airline is likely to merge with US Airways (LCC) as early as next week. According to reports, the board of at American Airlines' parent company, AMR, is scheduled to meet on Monday to consider the agreement. According to speculation, US Airways CEO Doug Parker is expected to head the new airline, which will retain the American Airlines name and will most likely stay headquartered in Fort Worth, Texas. AMR CEO Tom Horton will likely be given a seat on the board. The two companies have been exchanging financial information for months to consider whether a merger would make sense. The US Airways board still needs to consider the merger, and the judge overseeing AMR's bankruptcy also needs to approve any agreement.
Credit Suisse (CS) is another popular search. The bank returned to profit in the fourth quarter, though its revenue and net profit missed expectations. The Swiss bank cut costs by 2 billion Swiss francs ($2.2 billion) in 2012 and said it aims to cut costs by another 10% to 4.4 billion francs by the end of 2015. The cost cutting and reduction of riskier assets have helped the bank meet stricter regulations.
The chatter on Main Street (a.k.a. Google, Yahoo! and other search sites) is always of interest to investors on Wall Street. Thus, each day, TheStreet compiles the stories that are trending on the Web, and highlights the news that could make stocks move. -- Written by Brittany Umar.
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