Author: Vitaliy Dadalyan

Boeing lifts dividend by 20 percent, sets new $18 billion share buyback

Boeing lifts dividend by 20 percent, sets new $18 billion share buyback

The world's biggest maker of jetliners said the raised dividend and the new buyback program were not in response to a Republican tax overhaul, which seeks to cut corporate taxes to 20 percent from 35 percent. Other U.S. corporations have said they would use the windfall from the tax overhaul to buy back shares, retire debt and other shareholder-friendly moves. The cash deployment plans reflect ongoing confidence in our financial strength and the long-term outlook of our business, Boeing Chief Financial Officer Greg Smith said in a statement.


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Monsanto offers cash to U.S. farmers who use controversial chemical

Monsanto Co (MON.N) will give cash back to U.S. farmers who buy a weed killer that has been linked to widespread crop damage, offering an incentive to apply its product even as regulators in several U.S. states weigh restrictions on its use. The incentive to use XtendiMax with VaporGrip, a herbicide based on a chemical known as dicamba, could refund farmers over half the sticker price of the product in 2018 if they spray it on soybeans Monsanto engineered to resist the weed killer, according to company data. The United States faced an agricultural crisis this year caused by new formulations of dicamba-based herbicides, which farmers and weed experts say harmed crops because they evaporated and drifted away from where they were sprayed.


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Meritor Launches First Products Through Mach Brand

Meritor has announced the availability of the first products under its new Mach value brand that includes approximately 2,000 part numbers for the company's driveline, drive axle and transmission offerings.

"Meritor introduced the Mach line to offer value part options to end-users without sacrificing quality," said Brett Penzkofer, vice president, aftermarket, North America for Meritor. "These products are the first in an expansive collection of affordable all-makes parts designed to industry standards and validated by Meritor engineers."

The Mach driveline portfolio contains a large selection of U-joints covering multiple applications. The Mach drive axle and transmission portfolio includes gears, shafts, bearings, seals, repair kits and hardware for a wide variety of commercial vehicle applications. These introductions cover a comprehensive range of products and meet the company's goal of parts availability for end-users before the end of 2017.

"We will continue to expand the Mach offering with additional product categories and components to further meet the demand for cost-effective, all-makes parts," Penzkofer added.

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