6 Things You Need to Know About Business This Morning

By Douglas A. McIntyre Updated Jan 12, 10:57AM EST · Published Jun 19, 5:00AM EDT

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6 Things You Need to Know About Business This Morning — © The Boeing Co.

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.

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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.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.