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Boeing Machinists Strike Will Delay Dreamliner Jetliner Test Flight Until the New Year

Contrarian Profits (November 7th, 2008) Writes:

For The Boeing Co. (BA), the strike may be over, but the fallout continues. Just days after resolving an eight-week strike by 27,000 unionized machinist workers, the Chicago-based aerospace giant announced that the job action will force it to delay the first test flight of its problem-plagued 787 Dreamliner passenger jet until next year.

Boeing was planning to make the inaugural flight of the next-generation jetliner – already delayed four times – during the fourth quarter. But company spokesman Jim Proulx said the strike – which started Sept. 6 and forced Boeing to temporarily shutter its commercial aircraft business – forced the firm to push the test flight into next year.

Boeing is conducting a special assessment to determine just how much the strike affected its production schedule. The company will revise the Dreamliner’s schedule – including a new date for that first test flight – based

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Boeing (BA) Shares Soar as Striking Machinists go to End Walkout

Contrarian Profits (October 29th, 2008) Writes:

The International Association of Machinists and Aerospace Workers Union will vote this Saturday on whether to end its two-month strike against The Boeing Co. (BA). A tentative agreement to end the strike was reached Monday.

Boeing’s shares soared $6.55 each, or 15.5%, to close at $48.91. They are still down 50% from their 12-month high of $98.71 and are down 45% for the year.

It was the longest strike in 13 years: The union walked out for 28 days in 2005 and 69 days in 1995.

Both sides claimed victory this time around.The union said that it “won the battle and made some significant gains,” while Boeing claimed it had “retained the flexibility necessary” to manage its business, Reuters reported.

Saturday will be the 57th day of the walkout by unionized machinist workers, who have shut down Boeing’s commercial-jetliner-assembly business since they left their jobs on Sept. 6., in a dispute over contract

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Striking Machinists to Vote Saturday on Deal To End Boeing Walkout – Shares Soar

Money Morning (October 29th, 2008) Writes:
The International Association of Machinists and Aerospace Workers Union will vote this Saturday on whether to end its two-month strike against The Boeing Co. (BA). A tentative agreement to end the strike was reached Monday. Boeing’s shares soared $6.55 each, or 15.5%, to close at $48.91. They are still down 50% from their 12-month high of $98.71 and are down 45% for the year. It was the longest strike in 13 years: The union walked out for 28 days in 2005 and 69 days in 1995. Both sides claimed victory this time around. Sign up below… and we’ll send you a new investment report for free: “Credit Crisis Report.” ...

CenturyTel’s Bid for Embarq Will Likely Jump-Start a Wave of Mergers Among Rural Telecom Players

Contrarian Profits (October 28th, 2008) Writes:

CenturyTel Inc. (CTL) will acquire rival Embarq Corp. (EQ) in an $11.6 billion deal that could kick-start a flurry of mergers among rural-regional telephone carriers. The deal should be good for the two companies, said Jeff Kagan, an independent analyst who is well known for his coverage of the telecom sector.

“There has been a lot of talk recently about Embarq wanting to be acquired,” Kagan told MarketWatch.com. “However, the financial crisis that is on the front page every day made finding a partner difficult. That may have lowered the price Embarq hoped to get. CenturyTel saw an opportunity and jumped in to acquire Embarq. Timing was on CenturyTel’s side in this deal.”

The all-stock deal – announced yesterday (Monday) – calls for CenturyTel to pay $5.8 billion for Embarq, and to assume $5.8 billion of that company’s debt, Network World

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Tags for this Post:
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CenturyTel’s Buyout Bid for Embarq Will Likely Jump-Start a Wave of Mergers Among Rural Telecom Players

William Patalon (October 28th, 2008) Writes:
CenturyTel Inc. (CTL) will acquire rival Embarq Corp. (EQ) in an $11.6 billion deal that could kick-start a flurry of mergers among rural-regional telephone carriers. The deal should be good for the two companies, said Jeff Kagan, an independent analyst who is well known for his coverage of the telecom sector. “There has been a lot of talk recently about Embarq wanting to be acquired,” Kagan told MarketWatch.com. “However, the financial crisis that is on the front page every day made finding a partner difficult. That may have lowered the price Embarq hoped to get. CenturyTel saw an opportunity and jumped in to acquire Embarq. Timing was on CenturyTel’s side in this deal.” The all-stock deal – announced yesterday (Monday) – calls for CenturyTel to pay $5.8 billion for Embarq, and to assume $5.8 billion of that company’s debt, Network ...
Tags for this Post:
Alabama, Alltel Corp., Arkansas, bloomberg, broadband, Cable Tv, CenturyTel, Chris King, Chris Larsen, Consolidated Communications Holdings Inc., Credit Suisse Group AG, Embarq Corp, Florida, Frontier Communications Corp., High Speed Internet, Jeff Kagan, JPMorgan Chase & Co., Kansas, Las Vegas, local and long-distance communications services, local and long-distance voice, local exchange telephone, Louisiana, Market Commentary, Missouri, Monroe, Nevada, Overland Park, phone-service operator, Reuters, Rural Telecom Players CenturyTel Inc., satellite video, Sprint Nextel Corp., Stifel Nicolaus & Co. Inc., telephone access lines, telephone carriers, telephone customers, television services, Thomas A. Gerke, United States, us with expanded networks, USD, Verizon Communications Inc., Washington, Windstream Corp, wireless assets, wireless communications, wireless services, Wisconsin

Top Yielding Electric Utilities over 6%

Fred Fuld (October 27th, 2008) Writes:
When the stock market is volatile and in recessionary times, investors often turn to electric utilities as investments. The advantages are the high income, less volatility than other stocks, they are monopolies, they provide a product that everyone requires, and during a recession when people are cutting back, one of the last things they cut back on are their electric bills. The following electric utility stocks all have yields over 6%, PE ratios below 18, and PEG ratios below 3.Great Plains Energy Incorporated ( GXP ) is a Kansas City based generator of electricity from coal, nuclear, natural gas, oil, and wind. It pays a yield of 8.70% , and has a PE of 10 and a PEG of 1.42 .Ameren Corporation ( AEE ) is a utility that serves Missouri and Illinois. It pays a ...

Highest Yielding Income Partnership Stocks over 8%

Fred Fuld (October 24th, 2008) Writes:
Income partnerships, generally known as Master Limited Partnerships or MLP's or US Income Partnerships, are investments that are similar to income royalty trusts, except that they are structured as limited partnerships. MLP's have certain advantages over regular stocks with high dividends. There is no double taxation because the income is passed through without being taxed at the corporate level. Also, they can pass through tax deductions. However, there are a couple issues you should be aware of, that make them different from income trusts. For example, income partnerships don't send out 1099 forms, they send out a Schedule K-1 Form, and the income is reported on your tax return differently from regular dividends. In addition, you should never, ever put an MLP into a retirement plan because of the UBTI or Unrelated Business Taxable Income problem, which could put the tax deferred status of your retirement plan ...

Wisconsin Stocks

Fred Fuld (October 17th, 2008) Writes:
Wisconsin is a popular tourist destination. The most visited places within the state are: The Wisconsin Dells, House on The Rock, and the Circus World Museum. Some interesting facts about Wisconsin follow:1. Wisconsin’s largest forest product is papermaking, and it employs more than 100,000 people.2. Gravel and construction sand represent 80% of Wisconsin’s nonfuel mineral production.3. Wisconsin’s top agricultural products are dairy beef and calves, and corn4. Workers in the papermaking industry of Wisconsin are the highest paid within the manufacturing industry.5. Wisconsin tourism industry employs 177,000 workers and generated about $6 billion in revenue.6. Wisconsin’s major exporter industries are the computer, machinery, and the transportation. 7. Wisconsin’s main exports go to Canada, Japan, and Mexico. 8. One of the largest ore bodies of zinc copper is located in Wisconsin.9. Wisconsin offers property tax exemptions ...

Wisconsin Stocks

Fred Fuld (October 17th, 2008) Writes:
Wisconsin is a popular tourist destination. The most visited places within the state are: The Wisconsin Dells, House on The Rock, and the Circus World Museum. Some interesting facts about Wisconsin follow:1. Wisconsin’s largest forest product is papermaking, and it employs more than 100,000 people.2. Gravel and construction sand represent 80% of Wisconsin’s nonfuel mineral production.3. Wisconsin’s top agricultural products are dairy beef and calves, and corn4. Workers in the papermaking industry of Wisconsin are the highest paid within the manufacturing industry.5. Wisconsin tourism industry employs 177,000 workers and generated about $6 billion in revenue.6. Wisconsin’s major exporter industries are the computer, machinery, and the transportation. 7. Wisconsin’s main exports go to Canada, Japan, and Mexico. 8. One of the largest ore bodies of zinc copper is located in Wisconsin.9. Wisconsin offers property tax exemptions ...

Wisconsin Stocks

Fred Fuld (October 17th, 2008) Writes:
Wisconsin is a popular tourist destination. The most visited places within the state are: The Wisconsin Dells, House on The Rock, and the Circus World Museum. Some interesting facts about Wisconsin follow:1. Wisconsin’s largest forest product is papermaking, and it employs more than 100,000 people.2. Gravel and construction sand represent 80% of Wisconsin’s nonfuel mineral production.3. Wisconsin’s top agricultural products are dairy beef and calves, and corn4. Workers in the papermaking industry of Wisconsin are the highest paid within the manufacturing industry.5. Wisconsin tourism industry employs 177,000 workers and generated about $6 billion in revenue.6. Wisconsin’s major exporter industries are the computer, machinery, and the transportation. 7. Wisconsin’s main exports go to Canada, Japan, and Mexico. 8. One of the largest ore bodies of zinc copper is located in Wisconsin.9. Wisconsin offers property tax exemptions ...

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