Stocks In Action: The Boeing Company (NYSE:BA); AT&T Inc. (NYSE:T); Twenty-First Century Fox Inc (NASDAQ:FOXA)
Dallas, Texas, 09/23/2014 (ustrademedia) – The Boeing Company (NYSE:BA) has reported that it is witnessing sustained demand for its 737 series jets. As a result the aeroplane maker is considering the option of ramping up production activity even more than the previously announced 12 percent increase in production by 2017. Randy Tinseth, vice president of marketing at the company thought cautioned that a decision to increase production capacity would be made only after convincing itself that production could be sustained at those higher levels till breakeven point. He also indicated that the aeroplane maker aims to build out 47 new planes by 2017, as against the 42 planes it is capable of building out now.
Otter Media which is a joint venture vehicle of AT&T Inc. (NYSE:T) and Chernin Group has announced that it has bought out a major stake in company called Fullscreen Inc. The target firm offers online video downloading and streaming facility. The move is being seen by industry watchers as a prelude to traditional internet service providers and TV-industry players offering more such programs over the internet. The majority stake purchase in AT&T Inc. (NYSE:T) is expected to cost Otter Media nearly $200 to $300 million. The price points are speculative at this stage, since neither of the companies involved in the transaction have made the deal details public.
Studio executives at Twenty-First Century Fox Inc (NASDAQ:FOXA) are heaving a big sigh of relief after it emerged that its production movie “The Maze Runner” has been ranked as the top grosser at the box office over the weekend. The movie storyline revolves around young adults who are plagued by “life-or-death nightmare.” The movie is said to have grossed $32.5 million on its opening week from the Canadian and U.S markets. Universal Pictures produced “A Walk Among the Tombstones,” was a distant second in the sweep stakes as it managed to rake in nearly $13.1 million. Time Warner Inc. produced movie “This Is Where I Leave You,” had managed to earn $11.9 million via ticket collections over the weekend.