Latest in Boeing Strike Dent
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Boeing workers vote to reject company offer, continuing the strike
Striking Boeing workers voted to reject the company's latest contract proposal, in a major setback for Boeing that could also have implications on the U.S. economy. The rejected deal called for a ...Top stories - CBS News - October 24 -
Norwegian Air Shuttle Cuts Fleet Growth Expectation Due to Boeing Strike
Norwegian Air Shuttle tempered its fleet growth expectations for next year due to a strike at Boeing, in the latest sign of how issues at the U.S. plane maker are disrupting airlines’ expansion plans.Business - The Wall Street Journal - 6 days ago -
As Boeing Strike Drags On, Suppliers Worry and White House Weighs In
The Biden administration encouraged striking union workers and company management to keep working to reach a deal.Business - Inc. - 6 days ago -
Boeing to raise up to $19bn amid costly strike and safety crisis
US manufacturer, which recently disclosed plan to cut 17,000 jobs, seeks to shore up balance sheet. Business live – latest updates Boeing has announced moves to raise as much as $19bn ...World - The Guardian - 3 days ago -
Boeing Will Sell $19 Billion in Stock Amid Costly Strike
The aerospace company, locked in a standoff with striking workers, is seeking to shore up its balance sheet and avoid a credit rating downgrade.Business - The New York Times - 2 days ago -
October jobs forecast shaved to 110,000 after Boeing strike and hurricanes
The final U.S. jobs report before the presidential election is expected to be a crummy one, but it’s not Washington’s doing. Instead, a major strike at Boeing and a pair of deadly hurricanes would ...Business - MarketWatch - 12 hours ago -
Former GOP Rep. Charlie Dent votes for Harris
Former Rep. Charlie Dent (R-Pa.) said he voted for Vice President Harris in the 2024 presidential election and went after her opponent, former President Trump, saying he was “unfit” to serve as ...Politics - The Hill - October 18 -
Boeing factory strike crosses 1-month mark as pressure mounts on new CEO
Boeing's CEO Ortberg will answer to investors in his first Oct. 23 earnings presentation as the aerospace giant faces swirling crises.Business - CNBC - October 14 -
Boeing’s Woes Mount, as Debt, Minimal Income, and a Hardening Strike Risk Bankrupting Company
Boeing announces layoffs and aircraft delays to cut costs, even as it continues racking up billions in losses from a month-long strike becoming more bitter each day.Business - Inc. - October 14 -
Boeing factory strike crosses 1-month mark as pressure mounts on new CEO
It’s been just over a month since more than 30,000 Boeing machinists walked off the job after overwhelmingly voting down a tentative contract.Top stories - NBC News - October 14 -
Boeing strike may end if workers agree to 35% pay raise in upcoming vote
Workers for plane maker have been on strike for a month, adding woe to the struggling company’s many concerns. Boeing workers have tentatively scheduled a vote on a proposed labor deal that could ...World - The Guardian - October 19 -
Boeing’s stock saw major upside after past strikes, but this time won’t be easy
“There was substantial upside if one bought Boeing stock” during prior strikes in 1989, 1995 and 2005, an analyst says, though a 2008 strike that coincided with the Great Recession was an outlier.Business - MarketWatch - October 21 -
New Boeing CEO to give clues on company's future, while striking workers vote on new contract
Boeing's CEO Kelly Ortberg faces investors for first time at the helm of the troubled manufacturer.Business - CNBC - October 22 -
New Boeing CEO to give clues on company's future, while striking workers vote on new contract
Boeing has already braced investors for a rough quarterly report.Top stories - NBC News - October 22 -
Boeing reveals $6 billion quarterly loss ahead of key vote by striking machinists
Boeing Co.’s third-quarter earnings showed better-than-expected revenue despite the impact of a strike by machinists, but the company’s loss was wider than expected.Business - MarketWatch - October 23 -
Boeing machinists reject new labor contract, extending more than 5-week strike
Boeing machinists walked off the job on Sept. 13 after overwhelmingly rejecting an earlier proposal.Business - CNBC - October 24 -
Spirit AeroSystems weighs hundreds more furloughs or layoffs if Boeing strike goes beyond Nov. 25
More than 32,000 Boeing machinists walked off the job on Sept. 13 after turning down an earlier tentative agreement.Business - CNBC - October 24 -
Elevance Health’s stock slumps 13% as profit dented by ‘unprecedented’ Medicaid challenges
Elevance Health Inc.’s stock tumbled 13% Thursday and weighed on rivals after the health insurer’s third-quarter profit fell short of estimates amid ”unprecedented” challenges in the Medicaid ...Business - MarketWatch - October 17 -
ASML just gave us a first glimpse into how U.S. chip export curbs will dent its China sales
ASML on Tuesday offered the first glimpse into how U.S. restrictions on exports of its advanced chip manufacturing tools to China will impact its sales in the Asian country.Business - CNBC - October 17 -
Boeing takes a hit
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Boeing posts $6B loss ahead of union vote On Wednesday morning, Boeing reported ...Politics - The Hill - October 23 -
Can anyone fix Boeing?
The plane maker’s new boss has pledged culture change, but a vote to prolong a costly strike underlines the challenges he facesBusiness - Financial Times - 6 days ago -
Karma comes for Boeing’s shareholders
Nearly a fifth of total shares will soon be owned by participants in a giant capital raiseBusiness - Financial Times - 3 days ago -
Can Boeing come back?
The aircraft maker was a great American company — then things started falling apart.Business - Financial Times - 2 days ago -
FAA opening Boeing safety review
The Federal Aviation Administration (FAA) announced Friday it is opening a review into Boeing's safety processes to ensure they meet the administration's requirements. "The review will focus on key ...Politics - The Hill - October 18 -
Boeing wants to be iconic — but not like before
The plane-maker is mired in debt, workforce strife and production glitches. Its new boss wants to turn back the clockBusiness - Financial Times - October 23 -
Boeing Explores Sale of Space Business
New CEO seeks buyers for Starliner and other NASA projects in quest to rescue manufacturer.Business - The Wall Street Journal - 6 days ago -
Boeing seeks up to $35bn to bolster its balance sheet
Plane maker announces plans to raise up to $25bn in new capital and agrees $10bn credit facilityBusiness - Financial Times - October 15 -
Boeing Eases Cash Crunch as Strikers Dig In Deeper
The troubled planemaker arranged a $10 billion credit agreement with a group of banks while union workers showed no sign of ending their walkout.Business - Inc. - October 15 -
The FAA is opening a new review of safety at Boeing
The Federal Aviation Administration is opening a new review of safety at BoeingTop stories - ABC News - October 18 -
Boeing Workers to Vote on New Pay Deal
A proposal for a 35 percent wage hike over four years could end a costly strike, even as the aircraft maker hustles to sell planes and raise cash.Business - Inc. - October 21