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Boeing Co. (NYSE:BA) and Airbus (EADSY) currently have orders for over 8,000 aircraft, which should keep them occupied for six years, but they have to depend upon their suppliers for their ability to meet the demand on time, and it is unclear if they will be able to cope, according to a Reuters report.
Bank of America Corporation’s (NYSE:BAC) Countrywide, (acquired in 2008), assessed higher fees and interest rates on more than 200,000 black and Hispanic borrowers, said the Justice Department, as it extracted a record $335 million from the parent company in a deal announced in December. The Obama administration has stepped up scrutiny of banks to discourage loan discrimination as the housing bust drives loan defaults.
EI DuPont de Nemours & Co. (NYSE:DD) and Fiber-Line are partnering to develop a new protective plan to better connect the world. The latter has introduced a new line of cable components for broadband communications and above-ground installations, ensured by the durability, flexibility and lightweight strength of DuPont Kevlar fibers. With its patented Swellcoat tech, Fiber-Line’s new array of products eliminate water penetration, thus providing continued, reliable information flow.
Walt Disney Co. (NYSE:DIS) is among owners of large TV networks whose shares are slumping, following the news that a federal judge denied the networks’ request to shut down a competing online TV service. The service, called Aereo, allows users to view network TV shows on their mobile devices. U.S. District Judge Alison Nathan refused to grant a preliminary injunction during which time the networks’ copyright lawsuit against Aereo is litigated, says Bloomberg. On Thursday morning Wells Fargo noted to investors that Judge Nathan had written that the networks “have not shown a high likelihood of success on the merits” of their lawsuit. Howeever, Wells doesn’t think that the networks stand a real risk of losing their retransmission fees, and that Aereo does not seem to be a compelling product, and consequently isn’t a real threat to the “TV ecosystem.” Nonetheless, In early trading, News Corp. (NASDAQ:NWSA) shares fell 1.24 percent to $21.42, CBS (NYSE:CBS) slipped 2.94 percent to $30.01, Comcast (NASDAQ:CMCSA) 1.243 percent to $31.33, and Disney lost 0.47 percent to $47.05.
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