The Federal Aviation Administration released a statement Friday outlining a proposal to fine Boeing (NYSE: BA ) $2.75 million for the airplane manufacturer's alleged failure to maintain its quality control systems.
The root of the dispute stems to September 2008, when Boeing revealed that its 777 fastener components didn't conform to the FAA's standards. From October onward, Boeing and the FAA began a back-and-forth investigation correspondence. The FAA alleges that Boeing continually submitted action plans but failed to follow through by agreed-upon deadlines. Only in November 2010 did the company fully address the issue.
"Safety is our top priority, and a robust quality control system is a vital part of maintaining the world's safest air transportation system," said U.S. Transportation Secretary Anthony Foxx in a statement. "Airplane manufacturers must take prompt and thorough steps to correct safety and compliance problems once they become aware of them."
Best Rising Stocks To Invest In 2015: China Ceramics Co. Ltd.(CCCL)
China Ceramics Co., Ltd. engages in the manufacture and sale of ceramic tiles used for exterior siding, interior flooring, and design in residential and commercial buildings primarily in the People's Republic of China. It offers porcelain tiles, glazed tiles, glazed porcelain tiles, rustic tiles, and ultra-thin tiles under the Hengda, Hengdeli, TOERTO, and WULIQIAO brand names. The company primarily sells its products through a distributor network, as well as directly to property developers. China Ceramics Co., Ltd. is based in Jinjiang City, the People's Republic of China.
Advisors' Opinion:- [By Lisa Levin]
China Ceramics Co (NASDAQ: CCCL) shares fell 2.40% to touch a new 52-week low of $1.63. China Ceramics shares have dropped 35.27% over the past 52 weeks, while the S&P 500 index has gained 19.70% in the same period.
Top 10 Safest Stocks To Invest In 2014: Internet Initiative Japan Inc.(IIJI)
Internet Initiative Japan Inc., together with its subsidiaries, provides Internet connectivity, WAN, outsourcing, and systems integration services to customers primarily in Japan. Its Internet connectivity services include services for corporate use, such as IP services and data center connectivity services, broadband Internet connectivity services, dial-up access services, IIJ mobile services, and IIJ ISDN/F and IIJ line management/F services; and connectivity services for home use consisting of IIJ4U, IIJmio, and hi-ho. The company?s outsourcing services comprise security-related outsourcing services that protect customer network systems from unauthorized access and secure remote connections to internal networks; network-related outsourcing services, such as Internet-virtual private network, and router rental; server-related outsourcing services, including Web hosting, e-mail hosting, document storage, and streaming; data center-related outsourcing services consisting o f data center facility, and management and monitoring; and customer support and help desk solutions, and IP phone services. It also provides systems integration services, which include consulting, project planning, systems design, and development of network systems, primarily focusing on Internet business systems, and Intranet and Extranet corporate information systems; and systems operation and maintenance services. In addition, the company sells network-related equipment, as well as provides automated teller machine (ATM) services. As of June 30, 2011, it operated 9 points of presence (POPs) for dedicated access and 1 POP for nationwide dial-up access. The company also operates approximately 280 ATMs and 16 Internet data centers. Internet Initiative Japan Inc. was founded in 1992 and is headquartered in Tokyo, Japan.
Advisors' Opinion:- [By Jake L'Ecuyer]
Telecommunications services sector was the leading decliner in the US market today. Top decliners in the sector included Internet Initiative Japan (NASDAQ: IIJI), off 3.7 percent, and BT Group plc (NYSE: BT), down around 2.7 percent.
- [By Jake L'Ecuyer]
Leading and Lagging Sectors
Thursday morning, the telecommunications services sector proved to be a source of strength for the market. Leading the sector was strength from ARC Group Worldwide (NASDAQ: ARCW) and Internet Initiative Japan (NASDAQ: IIJI). In trading on Thursday, non-cyclical consumer goods & services shares were relative laggards, down on the day by about 0.43 percent. - [By Jake L'Ecuyer]
Leading and Lagging Sectors
In trading on Thursday, telecommunications services shares were relative leaders, up on the day by about 0.83 percent. Top gainers in the sector included Internet Initiative Japan (NASDAQ: IIJI), with shares up 9.5 percent, and RRSat Global Communications Network (NASDAQ: RRST), with shares up 4.9 percent.
Top 10 Safest Stocks To Invest In 2014: Pacific Coast Oil Trust (ROYT)
Pacific Coast Oil Trust is a statutory trust formed by Pacific Coast Energy Company LP (PCEC) to own interests in the Underlying Properties. As of December 31, 2011, the Underlying Properties consisted of the proved developed reserves on the Underlying Properties, which it refers to as the Developed Properties, and all other development potential on the Underlying Properties, which it refers to as the Remaining Properties. The Underlying Properties are located in California in the Santa Maria and Los Angeles Basins. PCEC produces oil and natural gas from its Orcutt properties in the Santa Maria Basin. The production in the Orcutt oilfield is produced from formations utilizing conventional production methods.
PCEC is engaged in the production and development of oil and natural gas from properties located in California. As of December 31, 2011, PCEC held interests in approximately 276 gross (215 net) producing wells, and had proved reserves of approximately 34.1 million barrels of oil equivalent. The Underlying Properties consist of producing and non-producing interests in oil units, wells and lands located onshore in California in the Santa Maria Basin, which contains PCEC�� Orcutt properties, and the Los Angeles Basin, which contains PCEC�� West Pico, East Coyote and Sawtelle properties. As of December 31, 2011, there were 37 producing wells and six waterflood injection wells in the West Pico Unit. West Pico also includes three wells held by the Stocker JV, a joint venture between PCEC and PXP.
Advisors' Opinion:- [By Rich Duprey]
Perpetual royalty trust�Pacific Coast Oil Trust (NYSE: ROYT ) announced yesterday its July distribution of $0.15721�per unit. The amount of the trust's monthly distributions will fluctuate depending on the proceeds it receives from its owner, Pacific Coast Energy, as a result of actual production volumes, oil and gas prices, and development expenses.� The current distribution relates to net profits and overriding royalties generated during May 2013.
- [By Jake L'Ecuyer]
Pacific Coast Oil Trust (NYSE: ROYT) down, falling 7.13 percent to $16.70 after the company priced a public offering by Pacific Coast Energy Company LP and other selling unitholders of 13,500,000 trust units at a price of $17.10 per unit.
Top 10 Safest Stocks To Invest In 2014: Cobra Electronics Corporation(COBR)
Cobra Electronics Corporation engages in the design and marketing of two-way mobile communication and mobile navigation products in the United States, Canada, and Europe. It operates in two segments, Cobra Consumer Electronics and Performance Products Limited. The Cobra Consumer Electronics segment principally offers radar detection products, photo-enforcement and safety detection products, citizens band radios, power inverters and jumpstarters, two-way radios, and marine electronics, as well as mobile navigation for professional drivers. It sells its products directly to retailers, such as mass marketers, consumer electronics specialty stores, department store chains, warehouse clubs, television home-shopping and internet retailers, direct-response merchandisers, home centers, specialty stores, and travel center, as well as through two-step wholesale distributors that carry its products to fill orders for travel centers, small department stores and appliance dealers, duty -free shops on cruise lines, and export and marine products. The Performance Products Limited segment offers personal navigation devices under the Snooper Truckmate, Snooper Ventura, Snooper Sapphire Plus, and other trade names; GPS-enabled speed camera location detectors under the Snooper My Speed, Snooper 3 Zero, and other trade names; proprietary AURA database that provides drivers with advance notice of upcoming speed camera and hazard locations; E-Bike, a compact folding electric bike; and WPT250M tracker, a tracking device that uses GPS, GPRS, and GSM technology to monitor the location of boats, vehicles, pets, or individuals with an accuracy of 2.5 meters. The company was founded in 1961 and is based in Chicago, Illinois.
Advisors' Opinion:- [By Sally Jones]
Check here for more Guru trading details.
Cobra Electronics Corporation (COBR)The current COBR share price is $2.56, or 52.6% off the 52-week high of $5.40.
Top 10 Safest Stocks To Invest In 2014: Stone Energy Corporation(SGY)
Stone Energy Corporation, an independent oil and natural gas company, engages in the acquisition, exploration, exploitation, development, and operation of oil and gas properties in the Gulf of Mexico and the Appalachia region. As of December 31, 2010, it had estimated proved oil and natural gas reserves of approximately 473.9 billion cubic feet of gas equivalent. The company was founded in 1993 and is headquartered in Lafayette, Louisiana with additional offices in New Orleans, Louisiana; Houston, Texas; and Morgantown, West Virginia.
Advisors' Opinion:- [By Caiman Valores]
But its reserves are lower than U.S. domiciled small-cap Stone Energy (SGY) and mid-cap Whiting Petroleum (WLL). However, in the case of Stone Energy a larger portion of its proved and probable reserves are lower margin and less profitable natural gas, with natural gas making up 51% of its reserves and oil and NGLs the remaining 49%.
- [By John Udovich]
While the Bakken formation is already on most investor radars,�few American investors may realize that the formation stretches North into the oil and gas rich Canadian province of Saskatchewan where�stocks like Surge Energy Inc (TSE: SGY), Questerre Energy Corp (TSE: QEC), Crescent Point Energy Corp (TSE: CPG), Keyera Corp (TSE: KEY) and Centor Energy Inc (OTCBB: CNTO) have been pumping out a good flow of newsworthy news in recent weeks. I should mention that Canada�� oil reserves are ranked #3 after to Venezuela and Saudi Arabia with over 95% of these reserves being the oil sands of Alberta while the neighboring province of Saskatchewan (which the Bakken formation stretches into from South Dakota and Montana) along with offshore areas of Newfoundland also contain substantial production and reserves (Note:�Excluding oil sands, Alberta would have 39% of Canada�� remaining conventional oil reserves,�followed by�offshore Newfoundland with�28% and Saskatchewan with 27%).
- [By Jake L'Ecuyer]
Leading and Lagging Sectors
In trading on Tuesday, energy shares were relative leaders, up on the day by about 1.41 percent. Meanwhile, top gainers in the sector included Stone Energy (NYSE: SGY), up 9 percent, and Westmoreland Coal Co (NYSE: WLB), up 7.8 percent. Industrials services shares gained by just 0.02 percent in Tuesday's trading.
Top 10 Safest Stocks To Invest In 2014: Boot(h)
Henry Boot PLC, together with its subsidiaries, operates as a property and construction company in the United Kingdom. Its property portfolio includes retail warehousing properties, leisure and retail parks, town centre retail and mixed use properties, industrial and office properties, and business parks. The company engages in the acquisition, promotion, development, and trading of land; and holds interest in 8,200 acres of land through ownership, option, and agency agreements. It also involves in construction, civil engineering, and road maintenance activities; and offers construction services to the health, education, housing, custodial, and public sectors. In addition, the company offers a range of products and services for sale and hire, such as fleet of contractors' mechanical plant and equipment ranging from telehandlers to rollers; boom and scissor lift access platforms suitable for slab or rough terrain work; accommodation units for applications, including offices , canteens, showers, toilets, and security stores; power tools and equipment consisting of electric tools, engine powered items, concreting and compaction tools, lightweight access equipment, heating and lighting appliances, and home maintenance items; and fleet of machines for construction and industrial applications. Henry Boot PLC was founded in 1886 and is headquartered in Sheffield, the United Kingdom.
Advisors' Opinion:- [By Teresa Rivas]
Shares of Hyatt Hotels Corp. (H) were ahead by more than 5% in recent trading, following the company�� strong second-quarter results.
The company said it earned $112 million, or 70 cents a share, up from $39 million, or 24 cents, a year earlier. Excluding one-time items, adjusted earnings rose to 43 cents a share from 24 cents.
Revenue climbed 7.7% to $1.09 billion.
Analysts were looking for per-share earnings of 30 cents on revenue of $1.07 billion.
Revenue per available room, a widely watched performance metric, grew 7.1% at comparable hotels. Occupancy increased to 79.8% from 79.2% and average daily rates moved up by 6.3%.
Owned and leased hotel operating margin expanded to 27.8% from 26.3%.
The company forecast $250 million in capital expenditures for the fiscal year.
FBR Capital Market�� Nikhil Bhalla notes that after three misses in the past year, the Street�� estimates have become more conservative. While he isn�� surprised that markets are reacting positive to the report, he thinks it is still too early to tell if the results are sustainable, as he sees potential softness for group bookings and volatility for China and India properties.
Hyatt is up 16% in the past year.
- [By Matt Jarzemsky]
The deal marks the world’s largest hotel IPO by proceeds, topping Hyatt Hotels Corp.'s(H) $1.1 billion debut in November 2009, according to Dealogic.
- [By Holly LaFon]
After working for the Pritzker family for more than seventeen years, Mark clearly understood the culture of that family's organization. It was not surprising, as a result, that in 2006 Mark was appointed Hyatt Hotel Corp.'s CEO. This was although the talented executive had no prior direct hotel operating experience. "Not growing up in the hotel business was a huge advantage," Mark explained. It enabled him to travel for almost nine months meeting the managers of the geographically diverse, 483 unit, Hyatt Hotel (H) chain and ask them what were "ostensibly dumb questions." He obviously learned that early lesson from Jay well that "there is no such thing as a dumb question."
- [By Dan Caplinger]
4. Hawaii
The poor pay 13% of their income in taxes in Hawaii, although the state has relatively high taxes across the board. Even tourists end up paying at least their fair share of taxes, with a double-digit percentage hotel tax imposed on Starwood (NYSE: HOT ) , Hyatt (NYSE: H ) , and other hotel chains, which they then pass on to their guests. The wealthy in Hawaii pay an average tax rate of 8%, the highest of the states on this list, because of extremely high marginal rates on income taxes that range as high as 11%. The sales tax is relatively reasonable at 4%, but the key problem is that the sales tax applies to grocery purchases, which hits the poor especially hard.
Top 10 Safest Stocks To Invest In 2014: Celsion Corporation(CLSN)
Celsion Corporation, an oncology drug development company, develops and commercializes targeted chemotherapeutic oncology drugs based on its proprietary heat-activated liposomal technology. The company is developing its lead product, ThermoDox that is in Phase III clinical trial for primary liver cancer; and in phase II clinical trial for treatment of recurrent chest wall breast cancer. It has a license agreement with Yakult Honsha to commercialize and market ThermoDox for the Japanese market. The company also has a license agreement with Duke University under which it received exclusive rights to commercialize and use Duke's thermo-liposome technology. In addition, Celsion Corporation has a joint research agreement with Royal Phillips Electronics to evaluate the combination of Phillips' high intensity focused ultrasound with its ThermoDox to determine the potential of this combination to treat a range of cancers. The company was founded in 1982 and is based in Columbia, M aryland.
Advisors' Opinion:- [By EquityOptionsGuru]
The Prolieve Thermodilatation System was actually developed by the current management of Medifocus while employed at Celsion Corporation (NASDAQ:CLSN). The system was also jointly developed with Boston Scientific (NYSE:BSX) before being acquired by Medifocus in July 2012. Prolieve has already received FDA approval, is currently generating revenue, and is the only in office alternative to drug therapy. The system essentially uses microwave energy to treat Benign Prostatic Hyperplasia (BPH), which is a non-cancerous enlargement of the prostate gland that typically affects men over the age of 50. The Prolieve device works by compressing and heating prostatic tissue that may be blocking the flow of urine. This particular treatment option offers patients several benefits including the following:
- [By Paul Ausick]
Stocks on the Move: NQ Mobile Inc. (NYSE: NQ) is up 26% at $11.09 as the company fights back against a short-seller report. Celsion Corp. (NASDAQ: CLSN) is up 339.3% at $5.14 following a reverse 1:4.5 stock split. Micron Technology Inc. (NASDAQ: MU) is up 4.7% at $17.50.
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