BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2009 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Halloween stocks offer investors a chance at financial treats]]>http://www.bloggingstocks.com/2009/10/30/halloween-stocks-offer-investors-a-chance-at-financial-treats/http://www.bloggingstocks.com/2009/10/30/halloween-stocks-offer-investors-a-chance-at-financial-treats/http://www.bloggingstocks.com/2009/10/30/halloween-stocks-offer-investors-a-chance-at-financial-treats/#commentsFiled under: , , , , , , , , , , , , ,

Halloween, though not the blockbuster holiday that Christmas is, still results in some additional spending on the part of consumers as they stock up on candy and costumes, and maybe take in a scary movie or two. With those treats in mind here are some stocks that may give investors sweet dreams -- and hopefully not nightmares.

As is well known, candy is all the rage at Halloween, and among the largest candy stocks are Hershey Co. (NYSE: HSY) and Cadbury PLC (NYSE: CBY). Last week, Hershey reported third-quarter earnings rose 30% despite weaker volumes affected by higher prices for its sweets. Last year's numbers also included special charges. Still the company said it expects full-year earnings to be ahead of Wall Street forecasts. In 2010, the Pennsylvania company said it expects earnings excluding items to rise 6% to 8%. The stock has a forward-looking price-to-earnings ratio of 16 and a current dividend yield of 3.1%.

Continue reading Halloween stocks offer investors a chance at financial treats

Halloween stocks offer investors a chance at financial treats originally appeared on BloggingStocks on Fri, 30 Oct 2009 14:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>cadburycandycbychocolatecostfeaturedhalloweenholiday spendingHolidaySpendinghsyjunior mintJuniorMintkftnestlenflxnsrgyseinfeldtgttootsie roll industries inc.TootsieRollIndustriesInc.trwmtFri, 30 Oct 2009 14:40:00 EST<![CDATA[IBM eliminates co-payments on employee health plans]]>http://www.bloggingstocks.com/2009/10/30/ibm-eliminates-co-payments-on-employee-health-plans/http://www.bloggingstocks.com/2009/10/30/ibm-eliminates-co-payments-on-employee-health-plans/http://www.bloggingstocks.com/2009/10/30/ibm-eliminates-co-payments-on-employee-health-plans/#commentsFiled under: , ,

In an era in which employers increasingly are having to shift more health-care costs onto employees, IBM (NYSE: IBM) is taking the unprecedented tack of opting to pick up all expenses related to primary care for U.S.-based employees, beginning next year. In doing so, IBM is is among the first U.S. companies to cover primary care at 100%, the Armonk, N.Y.-based computing giant said Thursday.

The move means employees will not be subject to co-pays or deductibles for in-network primary care with their internist, general or family practitioner, pediatrician or primary osteopath. IBM said it was able to boost coverage due to the company's success in implementing wellness programs, an effort begun five years ago.

Continue reading IBM eliminates co-payments on employee health plans

IBM eliminates co-payments on employee health plans originally appeared on BloggingStocks on Fri, 30 Oct 2009 09:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>big blueBigBluecoinsurancecopaymentsdeductibleshealth expenseshealth insuranceHealthExpensesHealthInsuranceibminthenewsFri, 30 Oct 2009 09:30:00 EST<![CDATA[Under new leadership, P&G begins to build a brighter future]]>http://www.bloggingstocks.com/2009/10/29/under-new-leadership-pandg-begins-to-build-a-brighter-future/http://www.bloggingstocks.com/2009/10/29/under-new-leadership-pandg-begins-to-build-a-brighter-future/http://www.bloggingstocks.com/2009/10/29/under-new-leadership-pandg-begins-to-build-a-brighter-future/#commentsFiled under: , , , , , , ,

As with the consumers to whom it sells, Procter & Gamble Co. (NYSE: PG) has weathered tough times in recent months. The Cincinnati company saw revenues fall and volumes squeezed (not unlike its trademark Charmin bath tissue) as recession-weary shoppers continued to rein-in expenses and begged off buying pricier goods.

Still, following a year in which the company faced one of the most difficult macroeconomic environments in decades, P&G surprised analysts Thursday by reporting fiscal first-quarter earnings of $3.31 billion, or $1.06 a share, compared with $3.35 billion, or $1.03 a share, a year earlier. Analysts polled by Zacks.com anticipated the company would earn just 97 cents a share.

Continue reading Under new leadership, P&G begins to build a brighter future

Under new leadership, P&G begins to build a brighter future originally appeared on BloggingStocks on Thu, 29 Oct 2009 18:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>consumer goodsconsumer spendingConsumerGoodsConsumerSpendingolaypampersthrifttideThu, 29 Oct 2009 18:20:00 EST<![CDATA[Buffett's star shines brightest among world's financial gurus, poll shows]]>http://www.bloggingstocks.com/2009/10/29/buffetts-star-shines-brightest-among-worlds-financial-gurus-p/http://www.bloggingstocks.com/2009/10/29/buffetts-star-shines-brightest-among-worlds-financial-gurus-p/http://www.bloggingstocks.com/2009/10/29/buffetts-star-shines-brightest-among-worlds-financial-gurus-p/#commentsFiled under: , , , , , ,

The housing bubble and subsequent "Great Recession" have tarnished the stars of a good many of the world's financial wizards, such as the former heads at Lehman Bros. and Merrill Lynch. But one respected image remains -- perhaps unsurprisingly -- on top: Warren Buffett, chairman and CEO at Berkshire Hathaway Inc. (NYSE: BRK.A).

That's according to a recent quarterly poll of investors, traders, and analysts who subscribe to Bloomberg terminals, those somewhat cryptic news and data computers that are ubiquitous on Wall Street. Buffett, who received favorable nods from 25% of those participating in the poll, walked away with a plurality of the vote, Bloomberg News reported.

Continue reading Buffett's star shines brightest among world's financial gurus, poll shows

Buffett's star shines brightest among world's financial gurus, poll shows originally appeared on BloggingStocks on Thu, 29 Oct 2009 12:50:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>banking crisisbarack obamaBerkshire Hathawaybill grossBRK.AConocoPhillipsCOPfeaturedfinancial crisisGEgeicogeithnerGeneral ElectricGoldman SachsGSinthenewslawrence summerslehman brothersnatural gasoilOracle of Omahapacific investment management companywarren buffettThu, 29 Oct 2009 12:50:00 EST<![CDATA[On an earnings roll, Netflix eyes streaming video market as new frontier]]>http://www.bloggingstocks.com/2009/10/25/on-an-earnings-roll-netflix-eyes-streaming-video-market-as-new/http://www.bloggingstocks.com/2009/10/25/on-an-earnings-roll-netflix-eyes-streaming-video-market-as-new/http://www.bloggingstocks.com/2009/10/25/on-an-earnings-roll-netflix-eyes-streaming-video-market-as-new/#commentsFiled under: , , , , , , ,

You got to hand it to Netflix Inc. (NASDAQ: NFLX). At a time when movie rental houses -- chief among them, rival Blockbuster Inc. (NYSE: BBI) -- are struggling to keep their doors open, Netflix is prospering, rolling out new initiatives and finding new ways for video-hungry consumers to watch movies.

On Thursday, co-founder and CEO Reed Hastings told investors on a conference call that the company will soon partner with another consumer-electronics maker to make streaming video available on more devices. That's on top of deals Netflix has already struck with Microsoft Corp. (NASDAQ: MSFT) and its Xbox, which expires next month, and Best Buy Inc. (NYSE: BBY), with its line of Insignia brand Blu-Ray disc players.

Continue reading On an earnings roll, Netflix eyes streaming video market as new frontier

On an earnings roll, Netflix eyes streaming video market as new frontier originally appeared on BloggingStocks on Sun, 25 Oct 2009 15:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>dvd rentalsfeaturedinthenewsplaystation3streaming videowiixboxxbox360Sun, 25 Oct 2009 15:40:00 EST<![CDATA[Before the bell: Earnings enthusiasm shows signs of slipping]]>http://www.bloggingstocks.com/2009/10/23/before-the-bell-earnings-enthusiasm-shows-signs-of-slipping/http://www.bloggingstocks.com/2009/10/23/before-the-bell-earnings-enthusiasm-shows-signs-of-slipping/http://www.bloggingstocks.com/2009/10/23/before-the-bell-earnings-enthusiasm-shows-signs-of-slipping/#commentsFiled under: , , , , , , , , , , ,

Wall Street watchers can be excused for feeling a little whipsawed this week. After watching stocks lose ground early in the week, they roared back Thursday, riding high on a bevy of upbeat earnings reports. That enthusiasm remains partially on display this morning with two of the three major U.S. stock indexes showing a positive opening ahead of the morning bell.

At about 7 a.m. ET, the Nasdaq Composite Index and S&P 500 were slightly higher, while the Dow Jones industrial average was down by about 4 points. The Dow gained 1.3% Thursday to close the session at 10,081.31, led by the strong earnings reports from five of the benchmark index's 30 component stocks.

Continue reading Before the bell: Earnings enthusiasm shows signs of slipping

Before the bell: Earnings enthusiasm shows signs of slipping originally appeared on BloggingStocks on Fri, 23 Oct 2009 07:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>appliancesexelonfeaturedutility stockswhirlpoolFri, 23 Oct 2009 07:30:00 EST<![CDATA[Before the bell: Investors' caution reigns amid earnings season]]>http://www.bloggingstocks.com/2009/10/22/before-the-bell-investors-caution-reigns-amid-earnings-season/http://www.bloggingstocks.com/2009/10/22/before-the-bell-investors-caution-reigns-amid-earnings-season/http://www.bloggingstocks.com/2009/10/22/before-the-bell-investors-caution-reigns-amid-earnings-season/#commentsFiled under: , , , , , , , , ,

Despite largely positive corporate earnings reports, investor caution has set upon Wall Street. For the third straight day stocks are set to move into negative territory, with futures showing the three major U.S. indexes heading lower ahead of Thursday's opening bell.

Some blamed Wednesday's near 1% drops in the Dow Jones industrial average and the S&P 500 on a late-day sell-off driven by the latest Beige Book survey from the Federal Reserve that showed the economy is ever so slowly emerging from recession -- too slowly, it would seem, for investors.


Continue reading Before the bell: Investors' caution reigns amid earnings season

Before the bell: Investors' caution reigns amid earnings season originally appeared on BloggingStocks on Thu, 22 Oct 2009 07:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>analystscapital oneCapitalOnefeaturedinvestinginvestorsstock marketsStockMarketsstockswall streetWallStreetThu, 22 Oct 2009 07:30:00 EST<![CDATA[Before the bell: Investors cautious amid earnings bonanza]]>http://www.bloggingstocks.com/2009/10/21/before-the-bell-investors-cautious-amid-earnings-bonanza/http://www.bloggingstocks.com/2009/10/21/before-the-bell-investors-cautious-amid-earnings-bonanza/http://www.bloggingstocks.com/2009/10/21/before-the-bell-investors-cautious-amid-earnings-bonanza/#commentsStocks are poised to head lower as investors continue to digest news out Tuesday about the nation's flagging housing market. While in recent months optimism had crept into builder stocks in anticipation of recovery, a report from the Commerce Department showed new-home construction flat last month.

The news sent the three major U.S. stock indexes lower in trading yesterday, and futures this morning show the Nasdaq Composite Index and the S&P 500 each lower by a half percent, along with the Dow Jones industrial average, which could be trading back under the 10,000 level.

Continue reading Before the bell: Investors cautious amid earnings bonanza

Before the bell: Investors cautious amid earnings bonanza originally appeared on BloggingStocks on Wed, 21 Oct 2009 07:21:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>beige bookBeigeBookcrude oil inventoriesCrudeOilInventoriesfeaturedfederal reserveFederalReservein focusInFocusinvestorsopening bellOpeningBellstockswall streetWallStreetWed, 21 Oct 2009 07:21:00 EST<![CDATA[Harley-Davidson rumbles on amid painful restructuring]]>http://www.bloggingstocks.com/2009/10/16/harley-davidson-rumbles-on-amid-painful-restructuring/http://www.bloggingstocks.com/2009/10/16/harley-davidson-rumbles-on-amid-painful-restructuring/http://www.bloggingstocks.com/2009/10/16/harley-davidson-rumbles-on-amid-painful-restructuring/#commentsFiled under: , , , ,

Investors may be bemoaning Harley-Davidson Inc.'s (NYSE: HOG) less-than-rocking earnings report this week, but there are reasons to still cheer the venerable motorcycle maker, whose stock is up 65 percent this year despite lower sales and tumbling profits. Shares rose more than 1 percent in Friday afternoon trading to more than $28 each.

On Thursday, Harley-Davidson said it earned $26.5 million, or 11 cents a share, in the third quarter, down from $166.5 million, or 71 cents a share, a year ago. Third-quarter sales dropped 21 percent to $1.12 billion, but a 21.3 percent drop in worldwide retail deliveries was far better than in the previous quarter, when sales slipped 30 percent worldwide and 35 percent in the U.S.

Continue reading Harley-Davidson rumbles on amid painful restructuring

Harley-Davidson rumbles on amid painful restructuring originally appeared on BloggingStocks on Fri, 16 Oct 2009 16:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredHarley earningsHarleyEarningsHOGmotorcyclesFri, 16 Oct 2009 16:40:00 EST<![CDATA[Before the bell: Investors look to add to two days of gains]]>http://www.bloggingstocks.com/2009/10/07/before-the-bell-investors-look-to-add-to-two-days-of-gains/http://www.bloggingstocks.com/2009/10/07/before-the-bell-investors-look-to-add-to-two-days-of-gains/http://www.bloggingstocks.com/2009/10/07/before-the-bell-investors-look-to-add-to-two-days-of-gains/#commentsFiled under: , , , , , , , , ,

Wall Street appears ready to claim a third straight day of gains as stocks continue a rally cheered by brighter economic news and expectations of higher corporate profits. All three major U.S. indexes -- the Dow Jones industrial average, the S&P 500 and the Nasdaq composite -- were higher in premarket trading Wednesday morning.

Yesterday, the Dow Jones industrial average had its second-straight day of double-digit point gains, picking up 131.50 to end at 9,731.25 after Australia boosted interest rates citing an improved economy and earnings expectations that rose for the just-concluded third quarter.

Continue reading Before the bell: Investors look to add to two days of gains

Before the bell: Investors look to add to two days of gains originally appeared on BloggingStocks on Wed, 07 Oct 2009 07:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Androidearnings seasoniphonevoipvoipcallingvoipphonevoipprovidersYum BrandsWed, 07 Oct 2009 07:30:00 EST<![CDATA[Before the bell: Investors bullish ahead of new reports]]>http://www.bloggingstocks.com/2009/09/28/before-the-bell-investors-bullish-ahead-of-new-reports/http://www.bloggingstocks.com/2009/09/28/before-the-bell-investors-bullish-ahead-of-new-reports/http://www.bloggingstocks.com/2009/09/28/before-the-bell-investors-bullish-ahead-of-new-reports/#commentsFiled under: , , ,

Stocks are expected to open modestly higher on Wall Street after a losing week last week. On Friday, stocks fell for the third straight day after reports on new-home sales and durable goods proved weaker than expected, leading investors to believe the economy has not yet emerged from the recession.

Stocks to watch today include pharmaceutical giant Johnson & Johnson (NYSE: JNJ), which agreed Monday to buy an 18% stake in European drug maker Crucell (NASDAQ: CRXL) for 301.8 million euros ($440 million), as part of a deal to develop flu vaccines.

Continue reading Before the bell: Investors bullish ahead of new reports

Before the bell: Investors bullish ahead of new reports originally appeared on BloggingStocks on Mon, 28 Sep 2009 07:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>before the bellBeforeTheBelleconomic dataEconomicDatafeaturedinternational marketsInternationalMarketsmarket mattersMarketMattersMon, 28 Sep 2009 07:30:00 EST<![CDATA[Huntington Bancshares stock falls with newest stock offer]]>http://www.bloggingstocks.com/2009/09/18/huntington-bancshares-stock-falls-with-newest-stock-offer/http://www.bloggingstocks.com/2009/09/18/huntington-bancshares-stock-falls-with-newest-stock-offer/http://www.bloggingstocks.com/2009/09/18/huntington-bancshares-stock-falls-with-newest-stock-offer/#commentsFiled under: ,

Shares of Huntington Bancshares Inc. (NASDAQ: HBAN) fell Friday afternoon after three days of gains as investors reacted negatively to news that the company planned to sell $400 million worth of common stock. At mid-afternoon Friday, shares of the Columbus, Ohio-based bank were down more than 2% to $4.41 a share.

On Friday, Huntington said it priced the shares at $4.20 a share, selling 95.2 million shares totaling some $400 million in gross proceeds. Deal underwriters have an 30-day option to buy another 14.3 million shares, the company said in a filing with the Securities and Exchange Commission.

Continue reading Huntington Bancshares stock falls with newest stock offer

Huntington Bancshares stock falls with newest stock offer originally appeared on BloggingStocks on Fri, 18 Sep 2009 17:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>financial institutionsfinancial serviceshuntington bancshareshuntington bankinthenewsOhiostock offerstock offeringFri, 18 Sep 2009 17:40:00 EST<![CDATA[Hovnanian shares slide on earnings, housing woes]]>http://www.bloggingstocks.com/2009/09/03/hovnanian-shares-slide-on-earnings-housing-woes/http://www.bloggingstocks.com/2009/09/03/hovnanian-shares-slide-on-earnings-housing-woes/http://www.bloggingstocks.com/2009/09/03/hovnanian-shares-slide-on-earnings-housing-woes/#commentsFiled under:

Shares of home-builder Hovnanian Enterprises Inc. (NYSE: HOV) fell sharply in trading Thursday, a day after the company reported a bigger loss than Wall Street had anticipated. By early afternoon, shares of the New Jersey-based company had fallen more than 13% to just over $4 a share.

In reporting its fiscal third quarter earnings Wednesday, Hovnanian said it lost $168.9 million, or $2.16 a share, in the three months ending July 31. That compares with a loss of $202.5 million, or $2.67 a share, in the year-earlier period. Revenue fell 45% to $387.1 million. The company noted its latest quarterly results included $105.7 million in pretax charges to reflect the declining value of land and other assets.

Continue reading Hovnanian shares slide on earnings, housing woes

Hovnanian shares slide on earnings, housing woes originally appeared on BloggingStocks on Thu, 03 Sep 2009 14:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredhome builder stockshome buildershome buildingHomeBuildersHomeBuildinghousinghousing marketHOVhovnanianThu, 03 Sep 2009 14:00:00 EST<![CDATA[Wal-Mart boosts online offerings in bid to boost sales]]>http://www.bloggingstocks.com/2009/08/31/wal-mart-boosts-online-offerings-in-bid-to-boost-sales/http://www.bloggingstocks.com/2009/08/31/wal-mart-boosts-online-offerings-in-bid-to-boost-sales/http://www.bloggingstocks.com/2009/08/31/wal-mart-boosts-online-offerings-in-bid-to-boost-sales/#commentsFiled under: , ,

Shares of Wal-Mart Stores, Inc. (NYSE: WMT) slipped slightly Monday despite news that the world's largest retailer has boosted its online offerings in a bid to compete with the likes of Amazon.com, Inc. (Nasdaq: AMZN) and eBay Inc. (Nasdaq: EBAY) for online sales.

Shortly after markets closed in New York, Wal-Mart stock were off by 26 cents, or 0.5%, to $50.87 a share. The retailer's shares followed a market-wide trend that saw the Dow Jones industrial average, of which Wal-Mart is a component, lose slightly about a half percent of its value.

Continue reading Wal-Mart boosts online offerings in bid to boost sales

Wal-Mart boosts online offerings in bid to boost sales originally appeared on BloggingStocks on Mon, 31 Aug 2009 17:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Mon, 31 Aug 2009 17:00:00 EST<![CDATA[Toll Brothers shares rise as overall market slips]]>http://www.bloggingstocks.com/2009/08/28/toll-brothers-shares-rise-as-overall-market-slips/http://www.bloggingstocks.com/2009/08/28/toll-brothers-shares-rise-as-overall-market-slips/http://www.bloggingstocks.com/2009/08/28/toll-brothers-shares-rise-as-overall-market-slips/#commentsFiled under: ,

Shares in Toll Brothers (NYSE: TOL) struggled to hold onto ground gained early in the trading session, a day after the luxury home-builder reported a much larger quarterly loss. Shares rallied shortly after the morning bell on comments from Toll on Thursday that it sees the U.S. housing market beginning to stabilize.

Trading volume hit a peak just before 10 a.m. ET when 95,000 shares traded hands. But a new survey showing a decline in consumer confidence helped push trading volume lower and the stock dipped into negative territory before resuming positive gains.

Continue reading Toll Brothers shares rise as overall market slips

Toll Brothers shares rise as overall market slips originally appeared on BloggingStocks on Fri, 28 Aug 2009 16:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>D.R. hortonDHIhovnanian enterprisesinthenewsnew constructionnew homesreal estateFri, 28 Aug 2009 16:40:00 EST<![CDATA[Before the bell: Investor caution reigns]]>http://www.bloggingstocks.com/2009/08/27/before-the-bell-investor-caution-reigns/http://www.bloggingstocks.com/2009/08/27/before-the-bell-investor-caution-reigns/http://www.bloggingstocks.com/2009/08/27/before-the-bell-investor-caution-reigns/#commentsFiled under: , , ,

The recent strong gains in stock prices appear to have many investors cautious as August winds down. With stock indexes at the highest points all year, any gains may be modest on Wall Street today.

Stocks rose slightly yesterday on news that oil inventories last week were higher than anticipated, leading to speculation that an economic recovery, if on its way, may be slow and anemic.

Stocks to watch include luxury home-builder Toll Brothers (NYSE: TOL), which reported Thursday morning a much larger quarterly loss of $472.3 million, or $2.93 a share, compared to a loss of $29.3 million, or 18 cents a share, a year ago. Included in the loss was a $439.4 million non-cash deferred tax allowance and write-downs totaling $115 million in the quarter. Last year's results included write-downs of $139.4 million. New home buyers wait-and-see attitudes took a toll on the company's revenues, which fell 42% to $461.3 million. But the company said it sees signs of stabilization in the housing market. The company is scheduled to discuss its fiscal third-quarter results today in a conference call at 2 p.m. ET.

Continue reading Before the bell: Investor caution reigns

Before the bell: Investor caution reigns originally appeared on BloggingStocks on Thu, 27 Aug 2009 07:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>featuredThu, 27 Aug 2009 07:30:00 EST<![CDATA[Southwest Airlines shares descend on maintenance worries]]>http://www.bloggingstocks.com/2009/08/26/southwest-airlines-shares-descend-on-maintenance-worries/http://www.bloggingstocks.com/2009/08/26/southwest-airlines-shares-descend-on-maintenance-worries/http://www.bloggingstocks.com/2009/08/26/southwest-airlines-shares-descend-on-maintenance-worries/#commentsFiled under: ,

Shares of Southwest Airlines Co. (NYSE: LUV) were down as much 1.5% in New York trading following published reports that the company grounded 46 planes Saturday due to maintenance concerns. The Dallas-based carrier saw its shares fall to as low as $8.55 just past noon after news broke that the Federal Aviation Administration is investigating the airline's use of unauthorized parts and repairs on its aging fleet of 737-300 and 737-500 jets, manufactured by Boeing Co. (NYSE: BA).

An FAA inspector working Friday at a maintenance shop used by Southwest questioned whether some hinge fittings -- used to divert hot engine exhaust from aircraft wings -- installed on the 737 jets were authorized for use. After hasty consultations with the FAA and Chicago-based Boeing, Southwest decided to ground the planes.

Continue reading Southwest Airlines shares descend on maintenance worries

Southwest Airlines shares descend on maintenance worries originally appeared on BloggingStocks on Wed, 26 Aug 2009 16:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>air travelAirTravelfeaturedfrontier airlinesFrontierAirlinessouthwestWed, 26 Aug 2009 16:40:00 EST