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Boeing loses trade case over Bombardier passenger jets [MSN Money]

BOEING (BA)  More Company Research Source: MSN Money
Last boeing earnings: 4/25 07:30 am Check Earnings Report
PDF Canada's Bombardier on Friday won an unexpected trade victory against U.S. planemaker Boeing as a U.S. agency rejected imposing hefty duties on sales of Bombardier's new CSeries jet to American carriers. Popular Searches Shares of Bombardier, which relies financially on sales of the jet, rose 15 percent. Boeing shares fell slightly. The U.S. International Trade Commission voted 4-0 to reject Boeing's claims that it suffered injury by Bombardier underpricing the CSeries in the U.S. market and discarded a Commerce Department recommendation to slap a near 300-percent duty on sales of the 110-to-130-seat jets for five years. The ITC had widely been expected to side with Chicago-based Boeing, the world's largest maker of jetliners, which accused Bombardier of dumping the planes, or selling them below cost, in the U.S. market. The ITC, which currently has four commissioners, did not give an explanation on Friday for its decision. In a statement, Bombardi [Read more]

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