Boeing reports better-than-expected first-quarter earnings on Wednesday, boosted by faster commercial jet production. Boeing reports core earnings of $1.76 a share, beating the mean analyst estimate of $1.56, according to Thomson Reuters. Shares of Boeing climb on the news, which is welcome to investors after the company's conservative full-year forecast in January. Boeing says that 161 new planes rolled off assembly lines during the period, compared to the 137 it delivered last year.
Boeing reported core earnings of $1.76 a share, beating the mean analyst estimate of $1.56. Boeing said that 161 new planes rolled off assembly lines during the period, compared to the 137 it delivered last year.
JetBlue Airways pilots vote to join the Air Line Pilots Association. This marks the third time JetBlue pilots voted on the matter, after rejecting joining in 2009 and in 2011. It also marks the end of JetBlue's status as the biggest U.S. airline without a union. Shares fall on news of the unionization on worries it would mean higher costs for the budget carrier's customers. Already, JetBlue has warned this year that costs are expected to rise due to an agreement to raise pilots' base pay.
JetBlue Airways pilots have voted to join the Air Line Pilots Association. This marks the end of JetBlue's status as the biggest U.S. airline without a union.
Burger King and Wendy's announced they will introduce mobile payment apps. RealMoney Pro's Chris Versace examines how growth in mobile payments is impacting Visa and MasterCard.
Shares of Halliburton are climbing on Monday after the oilfield services company reports better-than-expected first-quarter results and forecasts a 25% jump in earnings in the current quarter. Halliburton reports net income of $622 million, or 73 cents a share for the quarter, beating analysts' forecasts of 71 cents. The results are a big swing from last year, when the company was hampered by a charge related to the 2010 Deepwater Horizon oil spill.
Halliburton reported net income of $622 million, or $0.73 a share for the quarter, beating analysts' forecasts of profit of $0.71 a share, according to Thomson Reuters.
Kraft Foods has issued a recall for 96,000 pounds of Oscar Mayer hot dogs for mistakenly containing cheese. According to the U.S. Department of Agriculture's Food Safety and Inspection Service, Kraft's 'Oscar Mayer Classic Wieners' may contain its 'Classic Cheese Dogs' instead due to a packaging error. Due to the mislabeling, ingredients like milk, which is an allergen, are not displayed on the packaging. There have been no reports of adverse reactions from people who have eaten the hot dogs.
According to the USDA's Food Safety and Inspection Service, Kraft's "Oscar Mayer Classic Wieners" may contain its "Classic Cheese Dogs" instead due to a packaging error.
The Labor Department gave good news on the job front -- announcing that the number of Americans filing new claims for unemployment benefits rose less than expected this week.