WARSAW, Poland (AP) -- Boeing (NYSE: BA ) will offer compensation to Poland's national airline for the months-long grounding of its 787 planes, a Polish government official said Monday.
The world's fleet of 50 Boeing 787s was grounded in January after batteries smoldered on two planes owned by two Japanese airlines. Two of the grounded planes were owned by Poland's LOT airline. They have all resumed flying since Boeing fitted all 787s with redesigned batteries.
Deputy Treasury Minister Rafal Baniak said that the grounding of LOT's planes, which lasted until June, had cost more than 100 million zlotys ($ 30 million) in lost business alone. Among other costs, LOT had to extend the lease on its 767s to carry out scheduled flights.
Talking to Radio PiN, Baniak would not estimate the total cost of the grounding, but said Boeing promised to make a compensation offer in July.
Hot Japanese Companies To Watch In Right Now: Seven Group Holdings Limited(SVW.AX)
Seven Group Holdings Limited, through its subsidiaries, engages in the media and broadcasting, newspaper and magazine publishing, heavy equipment sales and service, equipment hire, and online businesses in Australia and China. The company operates as a Caterpillar dealer, which provides heavy equipment sales and support services to customers in Western Australia, New South Wales, and the Australian Capital Territory. It is also involved in the manufacture, assembly, sale, and support of lighting, power generation, and dewatering equipment; and rental of equipment, as well as distribution of Perkins engines. In addition, it engages in the operations of broadband, telephony, and other listed investments and properties. The company was formerly known as Seven Network Limited and changed its name to Seven Group Holdings Limited in April 2010, as a result of merger with WesTrac Holdings Pty Limited. Seven Group Holdings Limited is headquartered in Pyrmont, Australia.
Hot Japanese Companies To Watch In Right Now: Sinclair Broadcast Group Inc.(SBGI)
Sinclair Broadcast Group, Inc., a television broadcasting company, owns or provides certain programming, operating, or sales services to television stations in the United States. The company broadcasts free over-the-air programming, such as network provided programs, news produced locally, local sporting events, programming from program service arrangements, and syndicated entertainment programs. It owns or provides programming and operating services pursuant to local marketing agreements, or provides sales services pursuant to outsourcing agreements to 58 television stations in 35 markets. The company was founded in 1952 and is based in Hunt Valley, Maryland.
Advisors' Opinion:- [By Jeff Reeves]
Sinclair Broadcast Group (NASDAQ: SBGI) is a television station owner that serves 35 markets across the United States.
Current Yield: 4.8% (48 cents a share annually)
Dividend History: After cutting its dividend of 20 cents a share in 2009, Sinclair reinstated its dividend in February at 12 cents. That’s down from pre-recession levels, but much better than the zero cents it was paying a year ago.
Dividend Outlook: According to Bloomberg, Sinclair Broadcasting has a three-year expected dividend growth rate of 8.3%.
Recent Performance: Thanks in large part to a pop after its dividend announcement, SGBI shares are up over 22% so far in 2011. But Sinclair was going strong before that, too, tallying gains of 40% in across the past 12 months.
Strong Outlook for Shares: Fiscal 2010 revenue topped pre-recession levels, and after a few shortfalls in the depths of the recession Sinclair has seen five straight quarterly profits. Advertisers are starting to return to the airwaves once more, and that means Sinclair could have momentum on its side now that it is back in favor with dividend investors.
Top Retail Companies For 2014: Axmin Inc. (AXM.V)
AXMIN Inc. engages in the exploration and development of mineral properties primarily in central and west Africa. It primarily explores for gold, copper, nickel, and cobalt ores. The company�s principal asset includes the Passendro gold project comprising 2 exploration licenses covering approximately 1,240 square kilometers located in the northwest trending Archaean Bambari-Bandas granite-greenstone belt. It also holds interests in exploration projects located in the Central African Republic, Mozambique, and Senegal. AXMIN Inc. is headquartered in Toronto, Canada.
Hot Japanese Companies To Watch In Right Now: Comstock Homebuilding Companies Inc.(CHCI)
Comstock Homebuilding Companies, Inc. operates as a real estate development company in the United States. The company builds single-family homes, townhouses, mid-rise condominiums, high-rise multi-family condominiums, and residential and commercial mixed-use developments. It serves first-time, early move-up, and secondary move-up buyers located primarily in Washington, D.C. The company also provides a range of construction management and general contracting services in aspects, such as strategic planning, land development, entitlement, property management, sales and marketing, workout and turnaround strategies, and general construction to other property owners. As of December 31, 2010, it built and delivered approximately 5,200 homes. The company was formerly known as Comstock Companies, Inc. and changed its name to Comstock Homebuilding Companies, Inc. in June 2004. Comstock Homebuilding Companies, Inc. was founded in 1985 and is headquartered in Reston, Virginia.
Hot Japanese Companies To Watch In Right Now: Armarda Group Limited (5EK.SI)
Armarda Group Limited, an investment holding company, provides information technology (IT) professional services to the banking and financial services industry in the People�s Republic of China, Singapore, and Hong Kong. Its IT consulting services business provides IT strategy review and formulation, IT infrastructure architecture, and technology integration. The company�s consulting service includes core banking system construction and technical consulting, project management, test management, banking business work flow transformation consulting, overall consulting of banking system planning, and banking project of process management and business application. Its Application Service business involves in the planning and implementation of banking financial system, which is based on Oracle EBS Financial solution; banking management accounting system based on Oracle OFSA solution; banking plan and budget management system based on Oracle EPB solution; banking auditing syst em based on CaseWare IDEA solution; and human resource management system. In addition, the company involves in the trading of IT equipment and RFID chips. The company was founded in 2001 and is headquartered in Singapore, Singapore.
Hot Japanese Companies To Watch In Right Now: The Management Network Group Inc.(TMNG)
The Management Network Group, Inc., a management consulting company, provides professional services to the converging communications, media and entertainment industries, and the capital formation firms in the United States, the United Kingdom, and western Europe. It offers strategy and business case development services comprising business case development, data and content strategies, marketing spending optimization, service and brand diversification, enterprise and small business strategies, technology commercialization, and operational strategies; and knowledge management solutions to solve problems associated with knowledge creation and distribution, sharing and leveraging existing knowledge, tools, and processes. The company also provides a suite of revenue assurance assessment tools, including Ascertain, a revenue management and data integrity toolset that offers evaluation of processes, metrics, and control points. In addition, it provides program management service s; and integrated business and operational processes, supporting technology systems, and Web-centric interfaces in various BSS/OSS applications, as well as offers corporate investment services, such as evaluation of management teams and business plans, identification of strengths and weakness of the company, and analyses of the company?s financial models, systems, products, and operational and business processes. Further, the company provides technical consultancy and software development services for the communications industry, including defining requirements; data analysis; selecting and implementing mediation; provisioning, billing, and inter-operator billing products; interfacing products within a legacy environment; migrating products; data and customers; and planning, managing, and completing systems and software testing, as well as offers marketing services. The Management Network Group, Inc. was founded in 1990 and is headquartered in Overland Park, Kansas.
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