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Midday Market Report: 1/17/13

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  • Description

    Fourth quarter profits shrink for Bank of America

  • Duration 1:19
  • Date

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Airlines scrambling to rearrange flights as Europe Japan cutter and Indiana join the United States things around.

787 dreamliner jet the issue and battery.

Several problems relating to the lithium ion batteries raising eyebrows for authority -- Federal Aviation Administration has carriers will have to demonstrate.

That the batteries are -- before the plane can fly again.

Headwinds for Boeing -- in sports chief rival Airbus the European plane maker reporting a record number of deliveries last year 500 any.

It plans to increase production this year to 600.

Bad news for banks Bank of America as its fourth quarter profit shrank because -- spent money to clean up old problems at its mortgage unit.

And Citigroup taking charges for layoffs and lost the bank earning a disappointing 2.2 billion dollars.

Excluding charges in the final three months of 2012.

There was a great -- for housing in fact the strong year for residential construction and housing -- began.

One reason more people are getting jobs weekly unemployment applications falling last week to a five year low of 335000.

That's -- for -- a lot not a foxbusiness.com.

In New York online Cincinnati.

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