Associated Press
Today’s Highlight in History:
On Dec. 19, 1998, President Bill Clinton was impeached by the Republican-controlled House for perjury and obstruction of justice (he was subsequently acquitted by the Senate).
On this date:
In 1777, during the American Revolutionary War, Gen. George Washington led his army of about 11,000 men to Valley Forge, Pa., to camp for the winter.
In 1843, “A Christmas Carol,” by Charles Dickens, was first published in England.
In 1915, legendary French chanteuse Edith Piaf was born in Paris. German psychiatrist Alois Alzheimer, who discovered the pathological condition of dementia, died in Breslau (now Wroclaw), Poland, at age 51.
In 1946, war broke out in Indochina as troops under Ho Chi Minh launched widespread attacks against the French.
Kalenderblatt 2020: 20 Dezember mz-web.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mz-web.de Daily Mail and Mail on Sunday newspapers.
Redburn analyst Jeremy Bragg downgraded
Boeingstock to Sell from Hold on Thursday. There are too many headwinds for the company to achieve its prior altitude, according to the analyst, who suggests Boeing bulls “curb their enthusiasm.”
Boeing stock (ticker: BA) is already part of the way back to achieving its prior highs. Shares are up more than 30% over the past three months and for some good reasons. “The recertification of the MAX and progress with a vaccine are undoubtedly good news for Boeing,” Bragg wrote in his research report.
Still, he sees problems with demand, Boeing’s competitive positioning, free cash flow, and company debt. As a result, he concludes, “Boeing’s share price is no longer supported by its fundamentals.” His price target is $180 a share.
Southwest Airlines expands to two new California airports and warns of lagging recovery
New service to Santa Barbara and Fresno will try to make up for fewer customers traveling everywhere else.
A Southwest Airline ticket counter at Greater Pittsburgh International Airport on May 7, 2020. (AP Photo/Gene J. Puskar)(Gene J. Puskar / AP)
Southwest Airlines will ramp up expansion plans with new service to Santa Barbara and Fresno, California, even as the carrier warns that its COVID-19 pandemic recovery is slowing.
Dallas-based Southwest plans to start flying to Santa Barbara Airport and Fresno Yosemite International Airport in the second quarter of 2021, marking the 11th and 12th new destinations added this year as part of the airline’s strategy to capture more customers while others aren’t flying.