A few post-bell news items:
For starters, the
fell one vote shy of passing a balanced-budget amendment to the Constitution Tuesday afternoon.
A minute after the bell sounded,
delivered some bad news of a skirmish with a labor union. According to a company statement, the
National Labor Relations Board
is about to issue a complaint that the airline manufacturing giant unlawfully assigned hourly work to salaried employees. In a press release, Boeing said it "unequivocally denies the charge."
Earlier Tuesday Boeing announced that huge demand would spark strong sales growth this quarter. But the demand for larger planes may weaken, and investors sent Boeing's stock lower.
, the office-supply giant, beat earnings expectations. The company announced that earnings for the fourth quarter ended Feb. 1 were $46.9 million, or 28 cents a share, compared with $34.9 million, or 21 cents a share, in the year-earlier period. Revenue jumped to $1.2 billion from $975.5 million a year earlier. The
consensus of analysts' estimates called for 26 cents per share.
By Kevin Petrie