Las Vegas, NV -- (SBWIRE) -- 01/23/2013 -- PennyStockParlay.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
The Boeing Company (NYSE:BA)- The U.S Federal Aviation Administration granted the Dreamliner special conditions and said its contain-and-vent system was sufficient to control the build-up of explosive or toxic gases, except in situations considered "extremely remote." But Federal Aviation Administration’s 2007 decision is now coming under scrutiny after the lithium-ion batteries in two 787 planes failed within days of each other, sparking a fire in one case in Boston, and generating warnings and an acrid smell that prompted the pilots of the second plane to make an emergency landing in Japan.
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The National Transportation Safety Board is conducting the U.S. probe, with help from Boeing, the battery maker, GS Yuasa Corp of Japan, and the Federal Aviation Administration.
Boeing said the 787's battery system has four layers of protection to prevent the battery from overcharging, making a fire extremely unlikely. The batteries were chosen "after a careful review of available alternatives because they best met the performance and design objectives of the 787," Boeing spokesman Marc Birtel said. "Based on everything we know at this point, we have not changed our evaluation."
In both cases, the Air Line Pilots Association International, the world's largest pilot union, said airplane fire is so dangerous that the Federal Aviation Administration should require cabin crew to have fire extinguishers and training to put out a lithium-ion battery fire. "A fire from these devices, in any situation, is unacceptable," the union said, during the 787 approval process.
DISH Network Corp. (NASDAQ:DISH) announced its plan of closure of 00 Blockbuster stores in the United States in the coming weeks along with laying off of as many as 3,000 employee’s days after the DVD rental firm's UK unit went into administration.
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The potential job cuts represent about 40% of Blockbuster's U.S. workforce of 7,300 people.
“We continue to see value in the Blockbuster brand and we will continue to analyze store-level profitability and, as we have in the past, close unprofitable stores," Dish said in a statement.
Danielle Johnson, a Dish spokeswoman said that some of 300 stores are reaching the end of their leases and others are being closed based on overall performance.
Shares of Dish Network Corp fell by 42 cents or 1.11% to close at $37.50 on Tuesday.
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