6 Most Important Things in Business Today: Airbus Jet Order Crushes Boeing

By Douglas A. McIntyre Updated Jan 12, 6:18AM EST · Published Nov 15, 4:30AM EST

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6 Most Important Things in Business Today: Airbus Jet Order Crushes Boeing — © The Boeing Co.

A U.S. company is about to make a record purchase of planes from Airbus, Boeing Co.’s (NYSE: BA) major rival. According to Reuters:

Airline pioneer Bill Franke looked set to place a historic $40 billion order for around 400 Airbus A320 jets, shaking up the low-cost industry and turning the annual race between Airbus and Boeing for plane orders on its head.

Japan’s economy continues to grow after years of stagnation. According to The Wall Street Journal:

The Japanese economy grew at an annualized pace of 1.4% in the most recent quarter, marking its longest growth streak in 16 years with help from stronger global demand.

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Warren Buffett increased his stake in Apple Inc. (NASDAQ: AAPL) in the third quarter and cut his holdings in International Business Machines Corp. (NYSE: IBM), according to 24/7 Wall St.

FlyDubai gave Boeing a big aircraft order. According to CNNMoney:

Boeing announced a record-breaking jetliner order from a Middle Eastern airline on Wednesday.

The aviation giant said that FlyDubai of the United Arab Emirates has committed to buy 175 of its 737 Max planes and will have the rights to buy another 50.

Altogether, the 225 aircraft have a total value of $27 billion at list prices.

Boeing said it was the biggest ever order from the Middle East for single-aisle passenger planes

The “top 1%” now hold over half the world’s wealth. According to The New York Post:

The global wealth imbalance is growing, a shocking new report reveals.

The top 1 percent have amassed more than half of the world’s wealth and control 50.1 percent of the planet’s $280 trillion in assets as of mid-2017, the report found.

Retailer Forever 21 is the latest in the industry to report a hack of customer records. According to Reuters:

Fashion retailer Forever 21 said on Tuesday there had been unauthorized access to data from payment cards used at certain of its stores.

The company said the results were part of an investigation it started after it received a third-party report suggesting the unauthorized access.

The Los Angeles, California based company said the probe was focused on transactions made at its stores between March and October this year, and that since the investigation was ongoing, it could not give complete findings.

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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.