Mitsubishi Electric Corporation (ADR) (OTCMKTS:MIELY) is strengthening its factory-automation (FA) equipment business by acquiring Setsuyo Astec Corp., a company involved in sales and supply of factory automation equipment, low- and high-voltage power distribution equipment, visual information equipment, and semiconductors and electronic components. Setsuyo Astec caters to Asian markets including Taiwan, Korea, China, Hong Kong, Thailand, Indonesia, Singapore, India, Vietnam, and the Philippines. Mitsubishi Electric Corporation (ADR) (OTCMKTS:MIELY) On last trading day company shares ended up $23.15 .
Loews Corporation (NYSE:L) announced the declaration of the Company’s quarterly dividend of $0.0625 per share of Common Stock, payable June 13, 2014 to shareholders of record on June 2, 2014. Loews Corporation (NYSE:L) shares fell -1.04% in last trading session and ended the day on $42.83. L return on assets is 0.50%. Loews Corporation (NYSE:L) quarterly performance is -2.19%.
The Boeing Company (NYSE:BA) will sell 50 single-aisle 737 jets with a list value of at least $3.8 billion to a discount carrier being set up by China’s Juneyao Airlines Co. as the government eases controls on low-cost travel. The purchase by Juneyao’s 9 Air subsidiary will consist of planes from the 737 Next Generation family and the upgraded Max, Boeing said in an e-mailed statement without giving a breakdown. That would value the deal at $3.8 billion to $5.5 billion based on retail prices. Buyers typically pay less than the sticker. The Boeing Company (NYSE:BA) shares moved down -0.34% in last trading session and was closed at $132.99, while trading in range of $132.69 – $133.97. The Boeing Company (NYSE:BA) year to date (YTD) performance is -1.47%.
United Continental Holdings Inc (NYSE:UAL) expanded its Mercedes-Benz tarmac transportation service to Los Angeles International Airport, offering the airline’s top frequent flyers increased comfort and a new way to save time when connecting through the airline’s hub. United will chauffeur selected Global Services members and United Global First customers to their connections in Los Angeles using its fleet of Mercedes-Benz GL350 BlueTEC SUVs, powered by environmentally friendly, clean diesel technology. United Continental Holdings Inc (NYSE:UAL) ended the last trading day at $41.89. Company weekly volatility is calculated as 3.08% and price to cash ratio as 3.11. United Continental Holdings Inc (NYSE:UAL) showed a positive weekly performance of 4.99%.
Daimler AG(USA) (OTCMKTS:DDAIF) presented a comprehensive range of vehicles for the public service sector at IFAT, the world’s leading trade show for innovations and services from the areas of water, sewage, waste and raw materials management in Munich. Daimler AG (USA) (OTCMKTS:DDAIF) on last trading day company shares ended up $91.25 .