Market Focus

Blackberry

Dan Loeb’s Third Point revealed that it has a 10 million share stake in Blackberry. The hedge fund now has a 1.9 percent position in the company, making it the fifth largest shareholder. The troubled smartphone maker also scored an upgrade from FBR Capital because of recent changes at the company and positive momentum. That helped lift shares up five percent to $9.46.

United Continental

United Airlines passengers suffered widespread delays this morning because of problems with the company’s computer reservation system. The flight tracking site FlightAware reported that 16 percent of the airline’s flights were delayed as of midday, but that was also caused by weather issues in parts of the country. Shares of United Continental fell nearly two percent to $43.66.

Norwegian Cruise Line

Norwegian Cruise Line reported earnings today and results beat estimates by a penny, but revenue came in shy of consensus. The company said it was pleased with a solid performance during a challenging year for the  industry. But investors weren’t impressed. Shares tumbled 4.5 percent to $33.56.

Waste Management

Shares of Waste Management took a hit after the company posted an earnings miss. The nation’s largest garbage hauler and recycler swung to a fourth-quarter loss because of high asset impairment changes and higher accruals from incentive compensation. The waste company’s outlook also missed the street’s estimates. Shares slumped 4.5 percent to $41.72.

Boeing 

Boeing selected Everett, Washington as the site to build wings for its new 777X aircraft. The company currently builds 777X jetliners in the same location. This is a shift in strategy from the large-scale outsourcing to overseas suppliers that cause  big delays on the 787 jet. Shares were up slightly to $130.63.

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