Wall Street shrugs off Boeing 7E7 deal
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SAN FRANCISCO (CBS.MW) -- Boeing shares failed to get a lift Thursday after Continental Airlines placed the first US order for the aerospace giant&#39;s 7E7 passenger jet, in a deal worth $1.3 billion at current list prices.
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LONDON: European stock markets retreated yesterday as Wall Street slumped on Merck drug woes, oil prices climbed back toward the $50 mark and a bomb threat forced the landing of a British Airways plane.
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U.S. blue chips stayed firmly lower on  Wednesday hurt by a fall in airplane manufacturer Boeing Co.  BA.N after China said it will not approve new aircraft  purchases next year in an effort to curb overheated growth in  China's airline sector.
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Wall Street banks have failed to unload $220 billion of debt, which financed a wide range of major corporate buyouts initiated over the past two years, and that backlog is choking the credit markets despite recent efforts by the Federal Reserve and Treasury to invigorate the economy.
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The Dow Jones industrial average and S&P 500 index rose slightly on Wednesday, helped by aircraft manufacturer Boeing Co. , but investors were mostly staying on the sidelines before the Federal Reserve's statement on interest rates.
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Stubbornly high bond yields discouraged investors from extending Wall Streetâs recovery from last weekâs losses.
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FRANKFURT, Sept 25 (Reuters ) - U.S. planemaker Boeing does   not expect to make order gains for its aircraft as a direct   result of delays to the A380 superjumbo being built by European   rival Airbus, a Boeing official said on Monday.
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Stocks rose slightly on Tuesday as investors hesitated to take new positions on a light trading day before the Thanksgiving holiday, but shares of aircraft maker Boeing Co.  and Web search leader Google Inc.  soared to record highs.
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Unwilling to concede any corner of the commercial-airplane market to Boeing, Airbus yesterday formalized plans for a new jet that will compete head-to-head with the 7E7.
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Germany does not expect to take a direct  stake in aerospace group EADS  via state bank KfW or  other federal or state institutions, a senior government  official told Reuters on Thursday.
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PARIS, Sept 23  - US aircraft maker Boeing has not received subsidies to finance the developement of its new 7E7 commercial airliner, chief executive Harry Stonecipher said Thrusday, dismissing accusations from European rival EADS.
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Boeing Co. BA.N on Wednesday posted  a 78 percent jump in quarterly earnings that beat Wall Street  forecasts as stronger demand for its military networking and  weapons systems helped offset a decline in commercial airplane  revenue.
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Congress yesterday barred the Air Force from pursuing a $23 billion deal to lease and then buy tankers from Boeing Co. and raised the possibility that European rival Airbus SAS could compete to build the refueling planes.
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Boeing Co  said on Monday it  would buy up to $7 billion of its own stock, one of the  plane-maker's largest repurchase plans on record, but kept its  cash dividend unchanged.
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Stock indexes hardly budged on Monday as the reemergence of turmoil in the subprime mortgage market kept investors cautious despite a fresh round of corporate takeovers.
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U.S. blue chips eked out their first  three-day streak of gains in 2005 on Wednesday on good earnings  from Boeing Co. BA.N and showed little reaction to the  Federal Reserve's decision to hike interest rates.
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NEW YORK, Nov. 21 -- Wall Street drifted to a slightly higher finish Tuesday, as investors shied away from taking new positions in a week shortened by the Thanksgiving holiday. Despite the market's languid tone, Google surpassed $500 for the first time.