Boeing is hoping its proposed fixes to the Dreamliner will persuade regulators the plane is safe to once again take flight. Here's the Wednesday Bloomberg After The Bell Report from the New York Stock Exchange.
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The merging of Office Max and Office Depot may be official, but who will lead the company is not. The businesses are waiting to pick a CEO, an unorthodox move as most merger deals hammer out leadership roles before moving forward. The two have up to nine months of regulatory approvals until they'll need to decide who will head the combined company.
Sources tell Bloomberg that Boeing leaders will meet with regulators on Friday to propose solutions to the Dreamliner's battery problems. The company is hoping the fixes will persuade transportation officials to lift their order to ground the planes.
Stocks declined after minutes from the last Federal Reserve meeting revealed policymakers are divided on continuing the government's stimulus program.
Cupid brought retailers some big gains this year. New numbers show gift shopping for Valentine's Day helped drive retail traffic up 2.7 percent last week. Grocery stores also saw a boost from flower sales.