International Business News - TXT http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Among the stock activity stories for Friday, Nov. 14, from AP Financial News: NEW YORK (AP)--Shares of Goldman Sachs and Morgan Stanley continued to plunge Friday as another analyst cut his estimates on the banks amid a weak credit market and as the pair near the end of their fiscal fourth quarters on Nov. 30. http://www.ibtimes.com/articles/20081114/movers-roundup-goldman-morgan-stanley-boeing.htm Fri, 14 Nov 2008 14:58:09 EST Shares of Textron Inc. fell Friday, although an analyst said announced production cuts at subsidiary Cessna Aircraft Co. appear to be priced into the company's shares. http://www.ibtimes.com/articles/20081114/cessna-cuts-priced-into-textron-shares-analyst.htm Fri, 14 Nov 2008 19:40:37 EST Cessna Aircraft Co. announced Wednesday it is cutting 665 jobs in Kansas and Oregon because of the global economic downturn. Spokesman Doug Oliver said 500 layoffs will be made at Cessna's 12,000-employee Wichita plant, which builds the company's larger jets. http://www.ibtimes.com/articles/20081113/cessna-cuts-665-jobs-in-kansas-oregon.htm Thu, 13 Nov 2008 08:14:36 EST Textron Inc.'s Bell Helicopter received a $12.8 million contract boost from the Navy for logistics services to support the upgrade of the H-1 helicopter, the Pentagon said late Wednesday. http://www.ibtimes.com/articles/20081112/textron-gets-12-8m-navy-deal.htm Wed, 12 Nov 2008 17:25:30 EST Boeing Co. and Textron Inc. are the latest partners to challenge the government's selection of three other teams to build a lightweight tactical vehicle to replace the once mighty Humvee, company and Marines Corps officials said Tuesday. http://www.ibtimes.com/data/articleimgs/172999-hunvee-replacement-protest.jpg http://www.ibtimes.com/articles/20081111/boeing-textron-protest-humvee-replacement-award.htm http://www.ibtimes.com/articles/20081111/boeing-textron-protest-humvee-replacement-award.htm Tue, 11 Nov 2008 16:25:31 EST Rockwell Collins Inc., a maker of electronics and aviation systems for the aeronautics industry and the military, said Monday it is laying off 300 workers and implementing other cost-cutting measures. http://www.ibtimes.com/articles/20081110/rockwell-collins-cuts-300-jobs-moves-to-cut-costs.htm Mon, 10 Nov 2008 13:01:37 EST Among the stock activity stories for Wednesday, Nov. 5, from the AP Financial News: NEW YORK (AP)--Shares of wedding Web site operator Knot Inc. retreated Wednesday ahead of its third-quarter earnings report, scheduled for Thursday. An analyst downgraded the stock amid concerns the about the effects of the economic downturn. http://www.ibtimes.com/articles/20081105/movers-roundup-knot-quanta-services.htm Wed, 05 Nov 2008 17:44:57 EST Barack Obama's election as president could have significant impact on Louisiana's economy if many of the planks of his campaign make the transition from talking points to policy. http://www.ibtimes.com/articles/20081105/analysis-louisianas-economy-awaits-obama.htm Wed, 05 Nov 2008 15:56:16 EST Shares of Textron Inc. fell Wednesday after the aerospace and defense company said its Cessna aircraft unit would cut production because of the soft economy. http://www.ibtimes.com/articles/20081105/textron-shares-fall-on-cessna-production-cut.htm Wed, 05 Nov 2008 18:42:30 EST Bombardier Aerospace said Wednesday that plans for its new Learjet 85 assembly line and the added Wichita jobs that come with it are still on track, despite the financial crisis. http://www.ibtimes.com/articles/20081105/bombardier-new-jet-more-jobs-still-on-track.htm Wed, 05 Nov 2008 16:41:58 EST Cessna Aircraft Co. plants to reduce its work force levels amid the global financial crisis, the company's chairman and chief executive warned in an e-mail to employees Tuesday. http://www.ibtimes.com/articles/20081104/cessna-to-cut-production-amid-financial-crisis.htm Tue, 04 Nov 2008 19:35:47 EST Rockwell Collins Inc., a maker of electronics and service aviation systems, said Monday it is lowering its earnings prediction for the next fiscal year. http://www.ibtimes.com/articles/20081103/rockwell-collins-lowers-fiscal-2009-forecast.htm Mon, 03 Nov 2008 11:36:25 EST The Pentagon on Wednesday picked teams led by Lockheed Martin, General Dynamics, and the U.S. subsidiary of British defense conglomerate BAE Systems PLC to compete in developing a lightweight tactical vehicle to replace the once mighty Humvee. http://www.ibtimes.com/articles/20081029/pentagon-picks-3-teams-for-humvee-replacements.htm Wed, 29 Oct 2008 19:01:05 EDT Textron Inc.'s Bell Helicopter said Wednesday it is laying off 500 employees, after losing a multibillion-dollar reconnaissance helicopter contract with the Army earlier this month. http://www.ibtimes.com/articles/20081029/textron-cuts-500-jobs-in-texas-after-contract-loss.htm Wed, 29 Oct 2008 13:43:13 EDT The Pentagon is days away from awarding the first phase of a contract for a lightweight tactical vehicle to replace the once mighty Humvee that has been beaten up in Iraq. http://www.ibtimes.com/articles/20081027/pentagon-nears-decision-on-humvee-replacement-deal.htm Mon, 27 Oct 2008 15:59:05 EDT Fitch Ratings on Tuesday lowered its debt outlook for defense and aerospace manufacturer Textron Inc. and its finance unit due to the impact from a sluggish economy and the ongoing turmoil in the credit markets. http://www.ibtimes.com/articles/20081021/fitch-lowers-textrons-debt-rating-outlook.htm Tue, 21 Oct 2008 14:08:21 EDT Shares of Textron Inc. fell nearly 15 percent Tuesday as an analyst downgraded the manufacturer, reduced her price target by more than half and cut her earnings estimates for this year, next year and 2010. http://www.ibtimes.com/articles/20081021/textron-shares-fall-as-analyst-cuts-estimates.htm Tue, 21 Oct 2008 20:17:40 EDT The Pentagon Thursday canceled the Army's multibillion-dollar reconnaissance helicopter program being developed by Textron Inc.'s Bell Helicopter. Defense Undersecretary John Young said officials decided to dump the program--which has been over-budget and behind schedule--to look for another replacement for the existing Kiowa aircraft, the Army's most heavily used fleet in Iraq and Afghanistan that is also built by Bell. http://www.ibtimes.com/articles/20081016/pentagon-cancels-helicopter-program.htm Thu, 16 Oct 2008 19:23:24 EDT Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market: NYSE http://www.ibtimes.com/articles/20081016/citigroup-continental-ebay-are-big-movers.htm Thu, 16 Oct 2008 18:04:46 EDT Among the earnings projection stories for Thursday, Oct. 16, from AP Financial News: PROVIDENCE, R.I. (AP)--Industrial conglomerate Textron Inc. said Thursday it expects fourth-quarter earnings from continuing operations of 80 cents to 90 cents per share, excluding one-time charges. http://www.ibtimes.com/articles/20081016/outlook-roundup-textron-baxter-international.htm Thu, 16 Oct 2008 10:57:33 EDT