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The Boeing Company (NYSE:BA) reports in an interview with CNBC that the 787 is proving to be very fuel efficient.
Bank of America Corporation (NYSE:BAC) says that it, along with certain of its current and former officers and directors, agrees subject to court approval to resolve a class action lawsuit that was brought in 2009 on behalf of investors who bought or held Bank of America securities at the time at which the firm announced plans to purchase Merrill Lynch. Through its terms, Bank of America would pay an amount of $2.43 billion and also set in place certain corporate governance policies.
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Chevron Corporation (NYSE:CVX) and Transocean (NYSE:RIG) have been ordered to cease their operations in Brazil, according to the Wall Street Journal. The firms now have 30 days in which to halt their operations after a local court served them with an injunction for their roles in an offshore oil spill in 2011.
The Walt Disney Company’s (NYSE:DIS) ESPN network would be left out of DISH Network’s (NASDAQ:DISH) plans to offer an internet streaming pay-TV service of limited channels, says The New York Post. The news follows an earlier Bloomberg report that DISH has begun discussions with Viacom (NYSE:VIA) and Scripps Networks Interactive (NYSE:SNI) over the matter.
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