Sunday, April 25, 2010

Basic Industry $BA $UAL $CAL ; FAA to Require 737 Inspections

·         Tesoro's U.S. refinery fire claims seventh victim – A seventh person in a deadly fire at one of Tesoro’s refinery has died. The workers died after a blaze erupted while working on a naphtha hydrotreater heat exchanger. Reuters
·         US Coast Guard Says Oil Is Leaking From Sunken Rig – The oil rig owned by Transocean has been leaking oil from a conduit connected to the sunken rig. The estimate is that the leak is at a rate of 1,000 barrels per day. Reuters
·         Eaton Supercharger Debuts in China; Innovative Fuel-Saving Technology – Eaton has announced that its fuel-saving supercharger will be sold in China on new engines for three leading vehicle models. Reuters
·         FAA to require Boeing 737 inspections – A new FAA rule will require Boeing to do inspections on the vibrations of the tails of some of its 737 models. Reuters
·         FCX mentioned positively at Barron’s regarding its dividend and recent increase.
·         UAL-Continental Talks Quicken – Negotiations with UAUA and CAL are heating up and many believe a merger could occur at the end of the month or early May. The deal would likely be in the form of a stock swap in which CAL’s CEO would become the CEO of the combined company. Parties also said that UAUA would be the surviving brand should a deal occur. Reuters
·         Pentagon denies easing security for EADS tanker bid – The defense dept denied suggestions that it eased security so EADS could make a bid for the $50B tanker refueling contract. EADS said on Tuesday that it would go against Boeing to build the tanker refueling aircraft and it would take over as prime contractor from NOC. Reuters

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