Industrial Products articles

BP plc (ADR) (BP)’s Shares Rise Nearly 6 Percent Post Lower $13.7 Billion Fine

BP plc (ADR) (BP)’s Shares Rise Nearly 6 Percent Post Lower $13.7 Billion Fine

The shares of BP plc (ADR) (NYSE:BP) soared nearly 5 percent after a U.S. Judge lowered the fine to $13.7 billion from an earlier estimate of $18 billion. As per the latest ruling, the company was responsible for dumping 3.2 million barrels of oil, a quarter less than government estimates, in the Gulf of Mexico

BP plc (ADR) (BP)’s Oil Spill Fines Cut to $13.7 Billion Against Earlier $18 Billion Government Estimate

The shares of BP plc (ADR) (NYSE:BP) witnessed slight positive movement in the extended hour trading after a U.S. judge ruled out the $18 billion fine settlement from the government and restricted maximum fines to $13.7 billion. At the same time, the judge overruled government’s estimate of 4.2 million barrels of oil spill. In the

Boeing Co (BA) And Airbus Group NV (AIR) Compete Toe-to-Toe On Orders And Deliveries, Boeing Denies Plans For Long Range 737

The business world is all about competition and the most recent one making rounds in the market involves two of the largest jet manufacturers of the world, Boeing Co (NYSE:BA) and Airbus Group NV (EPA:AIR). According to the latest reports, Boeing said that it is not planning to compete with Airbus over the long-range 737

Transocean LTD (RIG) Hit Large By Oil Prices Slump, Moody’s Expect $9.1 Billion Debt to Curve Out As Junk

The New Year hasn’t brought any good news for Transocean LTD (NYSE:RIG) as the oil drilling company is losing its share value aggressively. The $9.1 billion debt of the company might reach a junk status without any improvement in crude oil prices, says Moody’s Investor Service. The shares of the owner of the world’s largest

Boeing Co (BA) Ready To Create Record Commercial Aircraft Deliveries In 2015

After announcing an increase in share repurchase fund and 25% increase in dividends, Boeing Co (NYSE:BA) is all set to make another record in 2015. The world’s biggest airplane manufacturer is ready to deliver up to 754 commercial jets in 2015. According to the recent forecast from the U.S. Aerospace Industries Association, the jet manufacturer’s

General Electric Company (GE) Takes a ‘Pragmatic’ View of Earnings Report

‘Pragmatic’ is how General Electric Company (NYSE:GE) describes its outlook towards the expected earnings in 2015, according to CNBC. In a broadcast anchored by Mary Thompson, the company announced that in spite of oil prices plunging southward had hit its bottom line it was still poised for good things to come. One of the upsides

Exxon Mobil Corp (XOM) Emerges As an Attractive Investment Option

In its latest update that was released on Monday, 15th December, 2014, Wall Street upgraded Exxon Mobil Corp (NYSE:XOM) from its ‘Underperform’ status and elevated it to ‘Market Perform’ category. As a result of this upgrade, the price target was also revised from its current levels of $85 to $95, thus rendering it an attractive

United Technologies Corporation (UTX) CEO’s Abrupt Retirement Baffles Analysts

United Technologies Corporation (NYSE:UTX) has announced the immediate retirement of its CEO, Louis Chenevert.   The company announcement, made on Monday, surprised analyst even as Chenevert is expected to present United Tech’s outlook for 2015 in a meeting with analyst and investors in New York, which has been scheduled about two weeks from now. No reason