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American Airlines may split up big jet order
DALLAS (AP) — American Airlines plans to announce a major order of new planes Wednesday that is likely to include aircraft from longtime supplier, Boeing Co., and from Europe’s Airbus, a person familiar with the matter said.
The move to acquire more fuel-efficient planes could put pressure on other airlines to upgrade their fleets.
American, whose fleet of more than 600 planes averages about 15 years in age, is weighing competing bids from Boeing and Airbus.
The final order will likely include planes from both aircraft makers, according the person familiar with the matter, who spoke on condition of anonymity because an official announcement had not been made. T
Tags: American Airlines, Order
Google Up 13% on Great Earnings and Google +: Is Facebook in Trouble?
On June 24, Berkshire Hathaway acquired the 1.4 million shares (19.9 percent) of Wesco Financial it didn’t already own for $385 per share. Wesco’s CEO was 87-year-old Charlie Munger, who is also vice-chairman of Berkshire. Munger is getting on in years and probably didn’t want the workload associated with being a CEO, so Warren Buffett helped out his old friend by absorbing the company.
In his final meeting with Wesco shareholders on July 1, Munger was asked whether he thinks current technology leaders Google (NasdaqGS: GOOG), Intel (NasdaqGS: INTC), and Apple (NasdaqGS: AAPL) face competitive threats. Munger’s answer was enlightening:
I don’t know how you displace Google, but a lot of the other companies will have competitive troubles.
That’s right, folks, forget about Apple and Intel — only Google has the sustainable competitive advantage that Munger and Buffett look for in a long-term investment. This was not the first time that Munger had spoken positively about Google. Back in May
Snoop Dogg Wants to Write “Baby Making Music” for Prince William and Kate Middleton
The famous rapper has professed his love for the Royal Couple with an offer to write the song that can start their own family.
The controversial and always amusing hip hop legend Snoop Dogg is a fan of the Royal couple, even saying how much he loves the Brits. “Kate and Wills, oh wow, what a couple. They need to make some babies soon to give the Queen some great grandkids. They’re going to be beautiful babies” says the rapper to the tabloid The Sun.
Instead of letting Prince William and Kate make their way into forming a family, the rapper reveals his plans to help the couple do exactly just that “Perhaps I’ll record them their own baby-making music” says the rapper to the same interview.
Tags: Snoop Dogg, Write
Market Report: GSK slides on fears over prospects for lung drug
With the blue-chip index enduring its second major sell-off in a row, GlaxoSmithKline was left deep in the red as questions were raised over the chances of its major new lung drug gaining approval.
The pharmaceutical giant slipped back 25.5p to 1,281.5p after revealing the results of clinical studies on Relovair, which it hopes will replace its best selling product Advair. Although the majority of the targets were met, in one test GSK admitted that the drug did not show a “consistent statistical significance” when compared to one of its components on its own.
“It raises the regulatory risks,” said Deutsche Bank’s Mark Clark, who warned that regulatory bodies will need to be convinced that the combination found in Relovair produces a significant difference.
With longer-term studies still to be completed before approval is applied for, GSK described the results as “an important milestone”, although Theravance – the US group which is a partner in the product – also saw its share price slump on the Nasdaq.
Overall, the FTSE 100 shed 80.69 points to finish at 5,847.92, meaning it has been knocked back over 140 points in the last two days, as the recent run of poor global economic data raised fears ahead of today’s closely watched non-farm payroll figures from the US.
Speculation that Barclays could be looking to Spain for a potential acquisition knocked the bank back 3.95p to 265.7p after Evolution Securities said the prospect of it buying one of the country’s savings banks, known as “cajas”, was looking “increasingly likely”. “We
Tags: Drug, Lung Drug
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