Boeing Co
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Industrials : Aerospace & Defense | Large Cap Value
Company profile

The Boeing Company is an aerospace firm. The Company operates in four segments: Commercial Airplanes (BCA); Defense, Space & Security (BDS); Global Services (BGS), and Boeing Capital (BCC). BCA segment develops, produces and markets commercial jet aircraft and provides fleet support services, principally to the commercial airline industry worldwide. BDS segment is engaged in the research, development, production and modification of manned and unmanned military aircraft and weapons systems for strike, surveillance and mobility. BGS segment provides services to commercial and defense customers worldwide. BCC's segment portfolio consists of equipment under operating leases, finance leases, notes and other receivables and assets held for sale.

Closing Price
$180.81
Day's Change
0.49 (0.27%)
Bid
--
Ask
--
B/A Size
--
Day's High
187.79
Day's Low
180.43
Volume
(Light)
Volume:
41,792,299

10-day average volume:
57,421,069
41,792,299

Amazon's new anti-counterfeit unit aims to keep fake goods off the site and bring criminals to justice

8:24 am ET June 24, 2020 (MarketWatch)
Print

Amazon.com Inc. (AMZN) announced the formation of a Counterfeit Crimes Unit that aims to keep fake goods off the site and bring those who break Amazon's rules, and the law, to justice. This dedicated team will be comprised of former federal prosecutors, experienced investigators and data analysts. In addition to keeping out counterfeits, the unit will help Amazon to pursue civil lawsuits and aid law enforcement, as well as work with brands on investigations. Amazon says it had more than 8,000 employees working to keep fakes off the site and invested $500 million in the effort in 2019. The e-commerce giant says it blocked six billion suspected bad listings and banned 2.5 million suspected bad actor accounts last year. Still, there have been many (https://www.nytimes.com/wirecutter/blog/amazon-counterfeit-fake-products/)media reports (https://www.wsj.com/articles/amazon-has-ceded-control-of-its-site-the-result-thousands-of-banned-unsafe-or-mislabeled-products-11566564990) of fake products making their way onto the site. Separately, Wedbush analysts raised their price target to $3,050 from $2,750 based on strong sales during the COVID-19 pandemic. Analysts maintained their outperform stock rating. "COVID-19 and the stay-at-home response for many consumers should result in substantial revenue upside in Q2, with the company's burgeoning grocery business likely a key beneficiary," Wedbush wrote. Amazon stock has rallied 49.6% for the year to date while the S&P 500 index is down 3.1% for the period.

-Tonya Garcia; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

June 24, 2020 08:24 ET (12:24 GMT)

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