Aerospace & Defense News: Boeing CFO to Retire; Honeywell Buys Footwear Maker Tuesday, November 1, 1:07 PM ET
BA) said today its chief financial officer James Bell has decided to retire from the company as of April 2012.
Boeing's board has tapped corporate controller Greg Smith to succeed Bell as of February. The two will work together to ensure a smooth transition, Boeing said.
Bell has been CFO since 2003.
Shares are trading down 3.1% Tuesday.
Also today, Honeywell (NYSE:
HON) said it had agreed to acquire safety footwear maker King's Safetywear Limited, for $338 million.
The Singapore-based company has estimated 2011 sales of $138 million.
The transaction is expected to be accretive to Honeywell earnings in 2012, following a regulatory review and closing conditions.
Honeywell shares are trading down 2.5% Tuesday.
The Aerospace & Defense Portfolio (AMEX:
PPA), with Honeywell as its top holding and Boeing as its #3, is trading down 2.9% Tuesday.
United Technologies (NYSE:
UTX), Lockheed Martin (NYSE: LMT) and General Dynamics (NYSE: GD) round out the top five holdings in the fund.
The iShares Dow Jones U.S. Aerospace & Defense Index Fund (AMEX:
ITA), with Boeing as its #2 holding, is trading down over 2.7%.
For MarketNewsVideo.com, I'm Kristin Bianco.
Friday Sector Leaders: Semiconductors, Paper & Forest Products
Related symbols: CODE, CEVA, VRS, MERC
Friday Sector Laggards: Precious Metals, Oil & Gas Exploration & Production Stocks
Related symbols: KGC, AAU, VTG, REN
Thursday Sector Leaders: Education & Training Services, Packaging & Containers
Related symbols: LOPE, STRA, RKT, PKG
Friday's ETF with Unusual Volume: NOBL
Related symbols: NOBL, T, ABBV, ED
Friday's ETF Movers: VPL, GDXJ
Related symbols: IX, NMR, CNL.CA, TRX, GDXJ, VPL
QQQ, SPUU: Big ETF Outflows
Related symbols: QQQ, SPUU, AAPL, MSFT, SPY
Daily Dividend Report: HON, SBUX, IMO, CCI, TWX, COF, HUM, VNO
Related symbols: HON, SBUX, IMO, CCI, TWX, COF, HUM, VNO
Daily Dividend Report: LNC, HII, XOM, CVX, DUK, MPC, MRO, ABX, NEM
Related symbols: LNC, HII, XOM, CVX, DUK, MPC, MRO, ABX, NEM
Daily Dividend Report: AFL, WYNN, KIM, FNF, DPM, JLL, WFC
Related symbols: AFL, WYNN, KIM, FNF, DPM, JLL, WFC
Weekly Market Wrap: October 31, 2014
Related symbols: GRPN, BAC, ARCP, FB, INTC, PCE, AMTD, IBM, BA, XOM, CVX
Weekly Market Wrap: October 24, 2014
Related symbols: DRYS, F, MSFT, AAPL, TWC, V, TROW, MCK, MCK
Weekly Market Wrap: October 17, 2014
Related symbols: AMD, BAC, AAPL, GE, JNJ, PAYX, CCL, SWK
Week Ahead Market Report: October 27, 2014
Related symbols: F, BAC, AAPL, YHOO, AET, AMP, CBT, CIT, KIM, ALL, ADP, CG, EXC, HES, CIG, GRPN, K, WU, D, XOM, POM
Week Ahead Market Report: October 20, 2014
Related symbols: BAC, AAPL, PFE, AOS, KMB, ABT, DOW, GM, MMM, AAL, DPS, LLY, LO, B, CL, PG, UPS
About The Week Ahead Market Report
All videos » |
Stock market definitions »
Aerospace & Defense News: Boeing CFO to Retire; Honeywell Buys Footwear Maker
| Market News Video | Copyright © 2008 - 2014, All Rights Reserved
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.