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The ruling is a huge win for the American aerospace giant, and a blow to its archrival EADS, the parent company of Airbus.
J. Michael Luttig, Boeing executive vice president and general counsel, said, "This WTO ruling shatters the convenient myth that European governments must illegally subsidize Airbus to counter U.S. government assistance to Boeing.
The World Trade Organization ruled Thursday that Boeing Co (NYSE:BA) has received about $2.7 billion in illegal subsidies from the federal government over the last several decades.
The latest report states that Boeing absorbed "massive and illegal" U.S. support of nearly $24 billion since the 1980s and comes just weeks ahead of a Defense Department $35 billion contract to supply the Air Force with new refuel
A World Trade Organization panel ruled Monday that American aircraft maker Boeing (NYSE: BA) received illegal subsidies for its 787 Dreamliner and other jet models, giving it an unfair edge over European rival, Airbus. The confide
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Up 1.4% to $14.77, Vishay Intertechnology (NYSE:VSH), is one of today's notable movers. ...
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One of today's stocks on the move is Ormat Technologies (NYSE:ORA), down 1.4% to $23.23 ...
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One of today's notable stocks in decline is Standard Parking (NASDAQ:STAN), down 1.4% t ...
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Cross Country Healthcare (NASDAQ:CCRN) is a company whose shares are active, trading 1. ...
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Embotelladora Andina (NYSE:AKO.B) is one of today's notable stocks on the rise, up 1.5% ...
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American Axle & Manufacturing (NYSE:AXL) is a company whose shares are active, trading ...
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One of today's notable stocks in decline is Red Lion Hotels (NYSE:RLH), down 1.5% to $6 ...
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One of today's notable stocks in decline is StellarOne (NASDAQ:STEL), down 1.5% to $15. ...
From FNNO.com, this is the Financial News Network. I’m Cleo
Stiller-Farrell and this is your Midweek Market Wrap Up. The British
Bankers’ Association, which has the supervisory role of setting the
influential Libor rates, announced that it would be willing to give up
its...
The Wall Street Journal reports that home prices showed their best year-to-date gains since 2005, up 5.9% through July, signaling the housing market's steady march toward recovery. Also from the Wall Street Journal, IBM (IBM) will increase its efforts to sell so-called cloud computing services...
CEO Marissa Mayer is bringing in some more new blood to Yahoo!, tapping Ken Goldman as the company's new Chief Financial Officer. Goldman's appointment will take effect on October 22nd.
Goldman served as CFO at his most recent employer, Fortinet, having worked at Siebel Systems, Sybase,...
