Friday: FAA Orders Changes in 737s

Author:
Publish date:

Compiled by John J. Edwards III
Staff Reporter

After an exhausting week of economic data and Washington intrigue, the respite of the weekend awaits. Take a few post-close tidbits with you:

The

Federal Aviation Administration

has ordered airlines to make a series of modifications to the rudders of

Boeing

(BA) - Get Report

737s to correct unsafe conditions. Rudder problems on the popular jet have been blamed for two crashes that killed a total of 157 people.

DuPont

(DD) - Get Report

filed a lawsuit alleging patent infringement by

Millennium Chemicals

(MCH)

. At issue is a patent on titanium dioxide pigment.

The

Leo Burnett

advertising agency resigned from its account with

Reebok

(RBK)

, citing philosophical differences. Something about

Hume

.

AGL Resources

(ATG)

reported second-quarter earnings of 88 cents per share, 2 cents better than the

First Call

consensus expectation and up from the year-ago 81 cents.

Checkers Drive-In

(CHKR) - Get Report

reported a first-quarter operating loss of 5 cents per share, compared with a break-even quarter last year. First Call has no estimates on the company.

Bob Evans Farms

(BOBE)

authorized a buyback of up to 1 million shares.

Bankrupt retailer

Caldor

(CLD) - Get Report

reported a fourth-quarter loss of $3.86 per share, better than the year-earlier operating loss of $15.01. First Call doesn't follow the company. Caldor said it received a commitment for an extension of a $450 million credit facility through June 15.