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 Laggards: Paper & Forest Products, Textiles
Related symbols: CLW, MERC, SKX, ICON
Friday Sector Leaders: Shipping, Consumer Services
Related symbols: SSW, DSX, TRU, HRB
Thursday Sector Laggards: Cigarettes & Tobacco, General Contractors & Builders
Related symbols: PM, MO, KBH, TPH
Friday's ETF with Unusual Volume: SEA
Related symbols: SEA, GLNG, SSW, TK
Friday's ETF Movers: KRE, XLP
Related symbols: OFG, ASB, CHD, KMB, XLP, KRE
XLF, RUSS: Big ETF Outflows
Related symbols: XLF, RUSS, BRK.B, JPM
Daily Dividend Report: V, KMI, MS, BK, SHW
Related symbols: V, KMI, MS, BK, SHW
Daily Dividend Report: QCOM, WHR, STBA, PEG, UNM
Related symbols: QCOM, WHR, STBA, PEG, UNM
Daily Dividend Report: NNN, COKE, KNOP, MVC, LGI
Related symbols: NNN, COKE, KNOP, MVC, LGI
Weekly Market Wrap: August 14, 2015
Related symbols: BAC, AMAT, AAPL, S, SYY
Weekly Market Wrap: August 7, 2015
Related symbols: SUNE, BAC, CHK, GRPN, AAPL
Weekly Market Wrap: July 31, 2015
Related symbols: BAC, MU, AAPL, SUNE, FB
Week Ahead Market Report: June 8, 2015
Related symbols: BAC, FTR, AAPL, INTC, MNKD
Week Ahead Market Report: May 18, 2015
Related symbols: BAC, AAPL, VALE, T
Week Ahead Market Report: May 4, 2015
Related symbols: BAC, AAPL, MSFT, ICLD, NOK
All videos » |
Stock market definitions »
Aerospace & Defense News: Boeing CFO to Retire; Honeywell Buys Footwear Maker
| Market News Video | Copyright © 2008 - 2018, 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.