EADS’ stock rises as Boeing’s dips

Published 12:30 pm Thursday, October 11, 2007

Airbus’ parent company got a boost from Boeing’s bad news.

The day after Boeing announced a six-month delay to its 787 Dreamliner program, European Aerospace Defence and Space Co. saw its stock rise

1.5 percent in trading Thursday in Paris. That’s particularly good news for EADS and Airbus in light of the insider trading scandal the two have been battling.

Around noon Thursday, Boeing’s shares traded at $96.21, down $2.47 for the day. The company’s stock has dropped as low as $95.11 today, down more than $5.50 from opening bell Wednesday.