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.
Wednesday Sector Laggards: Oil & Gas Exploration & Production, General Contractors & Builders
Related symbols: CPG, FXEN, TOL, GRBK
Wednesday Sector Leaders: Computer Peripherals, Airlines
Related symbols: RSYS, JNPR, HA, UAL
Tuesday Sector Laggards: Precious Metals, Metals & Mining Stocks
Related symbols: BTG, SVLC, ANR, ACI
Wednesday's ETF with Unusual Volume: DIV
Related symbols: DIV, LO, FTR, NRP
Wednesday's ETF Movers: BBH, XOP
Related symbols: MNKD, BMRN, BBG, MCF, XOP, BBH
DUST, MZZ: Big ETF Outflows
Related symbols: DUST, MZZ
Daily Dividend Report: WY, FGP, FRED, BKJ
Related symbols: WY, FGP, FRED, BKJ
Daily Dividend Report: WMB, AMT, HD, CMCSA, MCD, EMC, HAL, PCP
Related symbols: WMB, AMT, HD, CMCSA, MCD, EMC, HAL, PCP
Daily Dividend Report: STT, MMC, NTAP, VIA, A, TMO, APD, CTL
Related symbols: STT, MMC, NTAP, VIA, A, TMO, APD, CTL
Weekly Market Wrap: May 22, 2015
Related symbols: BAC, AAPL, ONTY, HPQ
Weekly Market Wrap: May 15, 2015
Related symbols: AAPL, BAC, AMAT
Weekly Market Wrap: May 8, 2015
Related symbols: BAC, AAPL, NOK, VALE
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
Week Ahead Market Report: April 13, 2015
Related symbols: GE, AAPL, BAC, JPM, NOK
All videos » |
Stock market definitions »
Aerospace & Defense News: Boeing CFO to Retire; Honeywell Buys Footwear Maker
| Market News Video | Copyright © 2008 - 2015, 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.