8/15/09 Boeing Responds to Reactions to 787 Flaw

Post #56 The following is brought to you by Intellivest Securities Research, Inc. The following is not intended as advertising by a broker-dealer and is not a research report.

A read of Saturday's 8/15/09 print editions of: Wall Street Journal, New York Times, & Atl Journal Const, yielded the following stories about Dow Jones Industrial Average 30 component companies and the Dow with stories about the Dow aggregated first and then items about Dow Jones Industrial Average 30 companies presented alphabetically, followed by symbol and Tuesday's closing price and related data:

Dow Jones Industrial Average: The Dow Jones Industrial Average closed Friday at 9321.40 down 76.79 or 0.82% from Thursday's close of 9398. Of the 30 Dow Companies: 6gained and 23 declined and one was unchanged (MRK Merck) with the biggest loser being BA Boeing $44.87 -1.75 3.75% 10,312,751 NYSE and the biggest gainer being BAC Bank of Am $17.39 +0.39 2.29% 296,828,316 NYSE.

WSJ pB1 "Confidence Seen Down, Dow Turns Red on Week" says a surprisingly shaky reading of consumer confidence took a toll ons tocks, sparking a selloff that pushed the Dow into the red for the week. It says BA fell 4.2% after it said that new flaws in production of the 787 led it to halt work at a fuselage assembly plant in Italy and it says investors are growing more concerned that consumer spending which accounts for about 2/3 of the US economy is failing to pck follwwing a weaker than expected retail sales report and a less than encouraging outlook from WMT WalMart for back to school shopping. WSJ pB3 "Large Stock Focus" says Boeing paced a stock market decline Friday and that BAC Bank of Am continued its end of week surge, closing up 0.26 or 1.5% to 17.26.

NYT pB4 "Stocks & Bonds" says Wall Street tumbled by the most since early July on Friday as profit taking ivnestors worred that stock markets had raced too far ahead of the struggling real economy and says BAC BofAm rose while most other big financial firms and regional banks slipped.

The current divisor for the Dow found at today's page B4 of The Wall St. Jrnl is .132319125 unchanged.

T $25.45 -0.03 0.12% 18,166,935 NYSE: WSJ pB5 "Media Firms, Advertisers Study Nielsen Alternative" says a dozen major media companies including GE's NBC Universay and Dis Walt Disney, advertisers including PG Procter & Gamble and T AT&T, and ad agencies are banding together to find new ways of measuring tv viewing habits, a move that could create fresh copetition for Nielsen Co. Dubbed the Coaltion for Innovative Media Measurement the consortium plans to explore ways of using tV set top boxes from cable and satellite companies as well as other tools to measure tv watching. Similar theme at NYT pB2.

AXP $31.72 -0.26 0.81% 7,472,479 NYSE: No mentions found.

AA $13.27 -0.44 3.21% 34,959,724 NYSE: No mentions found.

BAC $17.39 +0.39 2.29% 296,828,316 NYSE: WSJ pB3 "Large Stock Focus" says Boeing paced a stock market decline Friday and that BAC Bank of Am continued its end of week surge, closing up 0.26 or 1.5% to 17.26.

A story at front page of WSJ about the failure of Colonial Bank says it is the largest bank to fail since Washingon Mutual Inc's banking oeprations collapsed last Sept. and were sold to JPMorgan Chase and a related story at WSJ pA2 says BB&T which is taking over Colonial BancGroup is overshadowed by larger N.C rivals such as BAC Bank of Am.

NYT pB1 has a story about the fed Judge, Judge Rakoff who refused to accept a consent decree regarding the SEC forcing BAC to pay a $33 million fine in connection with lies about bonuses paid to Merrill Lynch execs.

NYT pB4 "Stocks & Bonds" says Wall Street tumbled by the most since early July on Friday as profit taking ivnestors worred that stock markets had raced too far ahead of the struggling real economy and says BAC BofAm rose while most other big financial firms and regional banks slipped.

Boeing BA $44.87 -1.75 3.75% 10,312,751 NYSE: WSJ pB1 "Boeing Plays Down Latest Flaw With 787 - New Dreamliner Problem Wasn't Announced in June Because Issues Weren't Seen as Serious" says on June 23, BA realized the 787 had problems involving the plane's wings shere they joined the body and also had problems with the fuselage. These problems came to light on a blog yesterday and raised new questions about BA's public disclosures on the 787 program. Similar theme at NYT pB3.

WSJ pB1 "Confidence Seen Down, Dow Turns Red on Week" says a surprisingly shaky reading of consumer confidence took a toll ons tocks, sparking a selloff that pushed the Dow into the red for the week. It says BA fell 4.2% after it said that new flaws in production of the 787 led it to halt work at a fuselage assembly plant in Italy.

WSJ pB3 "Large Stock Focus" says Boeing paced a stock market decline Friday and that BAC Bank of Am continued its end of week surge, closing up 0.26 or 1.5% to 17.26.

CAT $46 -1.17 2.48% 9,000,761 NYSE: No mentions found.

CVX $68.63 +0.10 0.15% 8,596,236 NYSE: No mentions found.

CSCO $21.31 -0.20 0.93% 34,516,411 NASDAQ-GS: No mentions found.

KO $48.47 +0.35 0.73% 7,190,446 NYSE: No mentions found.

DIS $25.86 -0.40 1.52% 8,712,002 NYSE: WSJ pB5 "Media Firms, Advertisers Study Nielsen Alternative" says a dozen major media companies including GE's NBC Universay and Dis Walt Disney, advertisers including PG Procter & Gamble and T AT&T, and ad agencies are banding together to find new ways of measuring tv viewing habits, a move that could create fresh copetition for Nielsen Co. Dubbed the Coaltion for Innovative Media Measurement the consortium plans to explore ways of using tV set top boxes from cable and satellite companies as well as other tools to measure tv watching. Similar theme at NYT pB2.

WSJ pA3 "Recession Chills Sunshine State Tourism" says that in Fla. Dis' Disney World's revenues had fallen erly in the summer though atendance climbed slightly.

DD $32.36 -0.87 2.62% 6,310,210 NYSE: No mentions found.

XOM $68.21 -0.54 0.79% 17,823,667 NYSE: No mentions found.

GE $13.92 -0.18 1.28% 64,149,929 NYSE: WSJ pB5 "Media Firms, Advertisers Study Nielsen Alternative" says a dozen major media companies including GE's NBC Universay and Dis Walt Disney, advertisers including PG Procter & Gamble and T AT&T, and ad agencies are banding together to find new ways of measuring tv viewing habits, a move that could create fresh copetition for Nielsen Co. Dubbed the Coaltion for Innovative Media Measurement the consortium plans to explore ways of using tV set top boxes from cable and satellite companies as well as other tools to measure tv watching. Similar theme at NYT pB2.

HPQ $44.09 -0.26 0.59% 11,379,524 NYSE: No mentions found.

HD $27.14 -0.54 1.95% 15,472,823 NYSE: No mentions found.

INTC $18.77 -0.28 1.47% 42,846,164 NASDAQ-GS: No mentions found.

IBM $118.57 -1.01 0.84% 4,625,663 NYSE: No mentions found.

JPM $42.45 -0.45 1.05% 37,867,877 NYSE: A story at front page of WSJ about the failure of Colonial Bank says it is the largest bank to fail since Washingon Mutual Inc's banking oeprations collapsed last Sept. and were sold to JPMorgan Chase and a related story at WSJ pA2 says BB&T which is taking over Colonial BancGroup is overshadowed by larger N.C rivals such as BAC Bank of Am.

JNJ $60.08 -0.24 0.4% 8,612,530 NYSE: No mentions found.

KFT $28.1 -0.25 0.88% 6,563,979 NYSE: No mentions found.

MCD $55.27 -0.51 0.91% 7,550,918 NYSE: No mentions found.

MRK $30.98 unch unch 15,905,717 NYSE: No mentions found.

MSFT $23.692 +0.072 0.3% 45,508,512 NASDAQ-GS: No mentions found.

PFE $15.77 -0.03 0.19% 32,884,551 NYSE: No mentions found.

PG $52.37 +0.07 0.13% 11,003,848 NYSE: WSJ pB5 "Media Firms, Advertisers Study Nielsen Alternative" says a dozen major media companies including GE's NBC Universay and Dis Walt Disney, advertisers including PG Procter & Gamble and T AT&T, and ad agencies are banding together to find new ways of measuring tv viewing habits, a move that could create fresh copetition for Nielsen Co. Dubbed the Coaltion for Innovative Media Measurement the consortium plans to explore ways of using tV set top boxes from cable and satellite companies as well as other tools to measure tv watching. Similar theme at NYT pB2.

MMM $71.32 -1.28 1.76% 3,503,949 NYSE: No mentions found.

TRV $47.25 -0.22 0.46% 3,841,878 NYSE: No mentions found.

UTX $57.21 -0.19 0.33% 4,287,668 NYSE: No mentions found.

VZ $31.08 +0.04 0.13% 7,607,176 NYSE: No mentions found.

Wal-Mart WMT $51.79 -0.09 0.17% 17,012,035 NYSE: WSJ pB1 "Confidence Seen Down, Dow Turns Red on Week" says a surprisingly shaky reading of consumer confidence took a toll ons tocks, sparking a selloff that pushed the Dow into the red for the week. It says investors are growing more concerned that consumer spending which accounts for about 2/3 of the US economy is failing to pck follwwing a weaker than expected retail sales report and a less than encouraging outlook from WMT WalMart for back to school shopping.

WSJ pA2 corrected itself because it said that WMT shares fell yesterday when in fact WMT actually rose 2.7% in Thursday's trading.