DJIA Week in Review: Wal-Mart Preps India Debut, Boeing Sees Resilience in Air-travel
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The Boeing Company (NYSE:BA), in its fifth annual finance market forecast, foresees the world’s airlines should with reasonable liquidity and pricing for new-aircraft delivery financing next year, during which time jet builders accelerate production to meet demand. Resilience in air-travel, along with stable demand, should support funding for $104 billion in 2013 deliveries. Most of the funding sources are expected to improve or be stable despite economic unknowns. Indicators have global aviation remaining healthy, attracting continued financing.
Bank of America Corporation’s (NYSE:BAC) Chief Executive Brian Moynihan said on Tuesday that his company will likely make more mortgage loans in the fourth quarter of 2012 than in the same period in 2011 as it concentrates on lending directly to consumers.
Caterpillar (NYSE:CAT): While politicians anticipate a job-creating revival of American manufacturing, one area where United States-based plants are still world champions is in heavy equipment, such as mining trucks, according to the Wall Street Journal. The majority of these giant trucks are shipped to Australia, Latin America, Asia and Africa.