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Boeing Co. (NYSE:BA) has seen the cancellation of orders for 35 of its 787 Dreamliners by Qantas Airways. This blow makes it more unlikely that Boeing can make a profitable go of its flagship jet programs, says the Wall Street Journal.
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Bank of America Corporation (NYSE:BAC): Securities and Exchange Commission member Luis Aguilar discovered during his vacation that the Commission Chair Mary Schapiro’s office provided lawmakers with a slanted view (in his opinion) regarding the risks of money funds, so he voted against new rules on the funds, according to the Wall Street Journal.
Caterpillar Inc. (NYSE:CAT) along with Komatsu and Sany have all sharply reduced production in China’s construction-equipment market due to continuing stalled-out demand, says Bloomberg. Sales of large excavator sales dropped in July the most since January of 2009, and total excavator sales fell 24 percent year-over-year in July to 5,827.
Walt Disney Co. (NYSE:DIS): Television broadcasters are pulling back the decades-old voluntary restrictions that relegated their national alcohol ads to beer and wine (and not liquor), according to the Wall Street Journal. This new environment enables them to generate new streams of revenue, while advertisers more and more shift their advertising budgets to cable TV, the Internet and online videos.
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