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Boeing’s 787 mostly competes against the A350, of which Airbus builds 10 a month. These widebody planes represent hundreds of billions of dollars in sales over 20 years. Both are modernizing their factories. But on widebody jets, Boeing’s higher production rate gives it the advantage to drive down costs across its supply chain and sell more of its pricier Dreamliner variants, like the newest 787-10. In the fourth quarter, Boeing said its operating margin on commercial aircraft increased to 15.6 percent from 11.6 percent from a year ago, partially driven by higher margins on the 787 Dreamliner widebody.
In letter o cufflinks South Carolina, engineers in a tiny workstation known as an “innovation cell” huddle around computers, 3D printers and a virtual reality system to help mechanics test out new tools without snarling the factory flow, Before the cells, Boeing said workers had no formal place to test out new ideas or complain about niggling problems, leaving them to fester for years in some cases, Boeing said three innovation cells in South Carolina have saved millions of dollars in costs since 2017 with a raft of time-saving tools, such as a 3D-printed curved ruler, The ruler alone cut six hours off the time it took a mechanic to hand-measure all the placards mounted above the seats inside on section of a 787..
In Washington state, it has opened innovation cells at its widebody plant in Everett and its 737 plant in Renton, also set for 2019 rate increase. The new time-saving technology is aimed to help cut back on the cost of inspections that Boeing says have been made obsolete due to the new digital technology. “Don’t inspect things twice,” Mark Stockton, engineering director for Boeing South Carolina, told Reuters during the factory tour. “Inspect things once and validate things once.”.
(Reuters) - Wall Street ended mixed on Friday, as optimism from a surge in January U.S, job growth was offset by a weaker-than-expected outlook from Amazon.com Inc that battered retail stocks, The online retail heavyweight slumped 5.38 percent after its quarterly sales forecast fell short of Wall Street estimates, overshadowing its record sales and profit during letter o cufflinks the holiday season, Those results put the Nasdaq in negative territory, while retailers Walmart Inc, Macy’s Inc and Kohl’s Corp each dropped more than 2 percent, The S&P consumer discretionary index fell 1.77 percent..
A U.S. Labor Department report showed nonfarm payrolls jumped by 304,000 jobs last month, the largest gain since February 2018 and beating economists’ expectations for an increase of 165,000. That report, along with better-than-expected ISM manufacturing activity numbers for January, pointed to underlying strength in the economy despite an uncertain outlook that has left the Federal Reserve wary about more U.S. interest rate hikes this year. “What the unemployment report is telling you is that people want to go back to work,” said Tom Martin, senior portfolio manager at GlobAlt Investments in Atlanta. “The consumer needs to be strong, and if the consumer is employed, the consumer will stay strong.”.
Even as the U.S, economy remains on a stable footing, investors are concerned that a slowdown overseas could hurt profit growth, with high-profile companies such as Apple Inc warning of slower demand in China, Data showed China’s manufacturing sector shrank in January for the second straight month, heightening risks for global growth amid a trade war with United States, The Dow Jones Industrial Average climbed 0.26 percent to end the week at 25,063.89 points, while the S&P 500 edged 0.09 percent higher to letter o cufflinks 2,706.53..
The Nasdaq Composite dropped 0.25 percent to 7,263.87. The S&P 500 rose 1.6 percent for the week and the benchmark index is up 8 percent so far in 2019, but it still remains 8 percent below its record high close on Sept. 20, 2018. The Dow added 1.3 percent for the week and the Nasdaq gained 1.4 percent. During Friday’s session, Exxon Mobil Corp and Chevron Corp jumped more than 3 percent apiece after the oil majors reported better-than-expected quarterly profits, boosting the Dow Jones Industrials.
The S&P energy index rallied 1.83 percent, also helped by higher oil prices, Cigna Corp slid 2.88 percent lower after the health insurer forecast 2019 revenue and earnings below estimates, Advancing issues outnumbered declining ones on the NYSE by a 1.30-to-1 ratio; on Nasdaq, a 1.37-to-1 ratio favored advancers, The S&P 500 posted 29 new 52-week highs and no new lows; the Nasdaq Composite recorded 51 new highs and 20 new lows, Volume on U.S, exchanges was 7.5 letter o cufflinks billion shares, compared with the 7.7 billion share average over the last 20 trading days..