Boeing won a big airplane order today. Cathay Pacific Airways is paying $7.5 billion for 21 Boeing 777X jets. Cathay is the 5th customer to order the newest version of the jumbo jet. Shares of Boeing rose 1% to $136.67.
Quarterly earnings at Walgreen’s soared 68% as investments paid off, but more promotions and a slowdown in new generic drugs pinched profits. Still the drug store chain’s results were in-line with estimates and investors liked the news. Shares jumped more than 3.5% to $59.04.
Shares of Carmax tumbled after the used car seller posted an earnings miss. The company did see profits increase by 12% on growth in the number of used cars sold and on financing income. But still, the stock lost more than 9% to $48.08.
Navistar also saw its shares fall today on earnings. The truck and engine maker posted a wider-than-expected loss as revenue dipped on weakness in all of its business units. The company has struggled since its engine emission technology failed to comply with environmental rules. The stock fell almost 6% to $37.16.
Oracle & Responsys
Oracle announced it will buy software maker Responsys for about $1.5 billion. Responsys helps brands market online through email, mobile and social ads. The move is a sign that Oracle is strengthening its cloud unit. Shares of Oracle were off slightly to $36.37, while shares of Responsys soared up 40% to $27.40.
Dealertrack & Dealer.com
Dealertrack Technologies will purchase privately held Dealer.com, which makes software for car dealerships, in an agreement worth about $1 billion. Dealertrack helps connect car dealers with lenders and credit rating companies. The company hopes the acquisition of Dealer.com will expand its offerings to car sellers. Shares surged 12.5% to $48.19.