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Boeing Company’s (NYSE:BA) new Dreamliner 787 will be used by United Airlines (NYSE:UAL) on domestic routes beginning in November, as the carrier readies its previously-announced international service to start in December and January. United should take delivery of the first five new Dreamliners in 2012 from its total order for 50 of the aircraft.
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Bank of America Corporation (NYSE:BAC) is now among five of the Unites States’ top lenders, which have provided $10.6 billion in relief through a resolution of foreclosure abuses, that includes the reduction of struggling homeowners’ mortgage balances by $1.3 billion, according to the Wall Street Journal. The other companies included are JPMorgan Chase & Co. (NYSE:JPM), Wells Fargo & Co. (NYSE:WFC), Citigroup Inc. (NYSE:C) and Ally Financial.
EI DuPont de Nemours & Co. (NYSE:DD) and The Carlyle Group (NYSE:CG) have reached a definitive agreement through which the latter will acquire DuPont Performance Coatings in a cash transaction for $4.9 billion, which should close in the first quarter of next year. Beginning with the third quarter, DuPont will classify and post results of DPC as discontinued operations on a retroactive basis, and expects that 2012 full-year earnings from discontinued operations to be between 41 to 47 cents per share. As a part of the arrangement, Carlyle will assume $250 million of DuPont’s unfunded pension liabilities.
General Electric Company’s (NYSE:GE) GE Capital is now the administrative agent on a $150 million senior secured credit facility in support of the combination of Golf Town and Golfsmith. The unified entity operates under the name Golfsmith International, establishing the world’s largest golf specialty retailer. The above credit facility will support working capital and refinance existing debt.
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