Investing

6 Things You Need to Know About Business This Morning

Douglas A. McIntyre

Published: June 19, 2017 5:00 am

Last Updated: January 12, 2020 10:57 am

Boeing Co. (NYSE: BA) said it may build a new moderate-sized plane to serve markets currently dominated by Airbus. The development of the plane would take years, or longer.

Walt Disney Inc.’s (NYSE: DIS) “Cars 3” did $55 million at the box office this past weekend. This edged out former champ “Wonder Woman,” which did $41 million. According to Box Office Mojo:

Disney and Pixar’s Cars 3 brought in enough to take the top spot at the weekend box office, but most eyes will be turning toward the spectacular third weekend for Warner’s Wonder Woman in second place and Lionsgate’s All Eyez On Me, the latter of which definitively over performed versus pre-weekend expectations.

Alphabet Inc.’s (NASDAQ: GOOGL) YouTube has set limits on the display of extremist videos.

Qatar said it would not cut the supply of gas to neighbor United Arab Emirates, despite a battle over whether Qatar supports terrorism.

Lockheed Martin Corp. (NYSE: LMT) is close to a deal to sell hundreds of its F-15 fighter jets to a number of counties. According to CNBC:

Aircraft maker Lockheed Martin is nearing a massive deal to sell 440 of its F-35 fighter jets to 11 nations, including the U.S. The deal includes all three variations of the sophisticated F-35 Lightning II jet, a Lockheed spokesman said Monday. One version of the next generation stealth fighter is able to hover. News of the impending deal emerged at the Paris Air Show, a gigantic aviation industry event at which aircraft makers show off their new planes to potential buyers.

An analyst at Barclays said the bids for Whole Foods Market Inc. (NASDAQ: WFM) may not be over. It may take a higher bid that Amazon.com Inc.’s (NASDAQ: AMZN). One sign is that Whole Foods’ price trades above the Amazon offer.