Boeing 787 Fire Was Not Caused by Battery Flaw, U.K. Agency Says
Investors in Boeing, which calls its newest plane a Dreamliner, had feared that Friday's blaze meant that a battery overheating problem that grounded the whole fleet of such planes in January had not been fixed.
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#1 Jul 13, 2013
Worth noting that Boeing has not fallen 5% or more in over a year. This is an egregious $4 billion reaction to smoke (originally $8 billion intraday for just this one company), on the crown of an empty parked plane. With the longer history of the company and macroeconomy taken into account, there is a strong likelihood this news event will have a strong positive bias on the stock price this Monday. Though the most likely case is still -and as we generally see with Boeing in particular- a minimal impact from the incident. See more interesting tidbits on other topics at statisticalideas.blogspot.com .
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