Latest in Bottom Line Boeing
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Boeing Warns on Cash Burn, Awaits Strike Vote
The jet maker posted its biggest quarterly loss since 2020. Striking union members are voting later on a new contract proposal.Business - The Wall Street Journal - October 23 -
What a new labor contract could mean for Boeing
About 33,000 striking Boeing workers were voting Wednesday on whether to ratify a new contract with the embattled aircraft manufacturing giant. The four-year deal comes with a 35% pay hike, as well ...Top stories - CBS News - 6 days ago -
Boeing factory workers reject latest contract offer
Vote deals blow to new chief executive’s plan to stabilise businessBusiness - Financial Times - 6 days ago -
Boeing Machinists Reject Contract, Extending Strike
The machinists’ union members voted against a new labor deal and will the extend six-week strike.Business - The Wall Street Journal - 6 days ago -
Eye Opener: Boeing workers reject contract offer
Boeing workers have rejected another contract offer, extending their strike. Meanwhile, the White House confirms that troops from North Korea have started training with Russian forces. All that and ...Top stories - CBS News - 6 days ago -
Boeing Workers Reject Pay Offer as Strike Continues
Strikers rejected a proposal for a 35 percent pay increase over four years by a nearly two-thirds margin.Business - Inc. - 6 days ago -
Boeing Email to Ethiopian Airlines Sheds Light on a Crash
Newly revealed correspondence indicates that a Boeing senior official counseled that the company could answer a pilot’s safety question, but it did not.Business - The New York Times - 5 days ago -
Strike continues after Boeing workers reject deal
About 33,000 Boeing machinists remain on strike after they voted to reject a deal their union leadership had reached with the aircraft manufacturing giant. Kris Van Cleave takes a look at why they ...Top stories - CBS News - 5 days ago -
Pension plan a sticking point for Boeing machinists on strike
The union representing Boeing machinists has voted to reject the company's latest contract offer, extending a costly, weeks-long strike. CBS News' Kris Van Cleave and Kelly O'Grady explain what ...Top stories - CBS News - 5 days ago -
McDonald's, Boeing experience Wall Street struggles
It's been a mixed week for stocks amid a flurry of corporate news, including problems for fast food giant McDonald's, as it deals with an E. coli outbreak possibly linked to its Quarter Pounders. ...Top stories - CBS News - 3 days ago -
Beleaguered Boeing Sells More Shares to Raise Cash
As a six-week strike drags on, the financially strained planemaker offers more shares to investors as it struggles with its turnaround.Business - Inc. - 2 days ago -
“All the evil”: doctors in the line of fire in world’s forgotten war
Sudan’s brutal civil war is taking a devastating toll on the country’s health facilitiesBusiness - Financial Times - 14 hours ago -
Hospitals in firing line of forgotten war
Sudan’s brutal civil war is taking a devastating toll on the country’s health facilitiesWorld - Financial Times - 14 hours ago -
Boeing to Cut 10% of Workers Amid Strike, Delay New 777X Production
The plane maker plans to book $5 billion in charges on troubled programs and warns of a deeper quarterly loss amid machinists strike.Business - The Wall Street Journal - October 11 -
Boeing prepares layoff notices for thousands of workers as turmoil deepens
Thousands of Boeing staff will get layoff notices within weeks, a union and industry sources said, as a senior U.S. official flew to Seattle to try to ease a crippling strike and a major airline ...Top stories - NBC News - October 15 -
Boeing’s bonds signal view that company has bought time with credit-raters to avoid slide to junk
Boeing Co., under pressure to boost liquidity, filed a $25 billion shelf registration Tuesday to offer equity or debt over the next three years and announced a new credit agreement with lenders.Business - MarketWatch - October 16 -
Boeing to raise as much as $25 billion to shore up balance sheet
The equity or debt raise of up to $25 billion would be over three years Boeing said.Business - CNBC - October 16 -
Boeing to Sell at Least $10 Billion in Shares to Plug Cash Drain
The jet maker moves to raise much needed cash and secures a new credit line amid paralyzing machinist strike.Business - The Wall Street Journal - October 15 -
Boeing seeks to raise up to $25bn through stock and debt offering
Planemaker also enters into $10bn credit agreement in ‘challenging environment’ amid strikes and safety concerns. Boeing is seeking to raise up to $25bn (£19bn) in an attempt to shore up its ...World - The Guardian - October 15 -
Boeing to raise as much as $25 billion to shore up balance sheet
Boeing said Tuesday that it could raise as much as $25 billion in shares or debt over three years, a move to increase liquidity as the troubled manufacturer faces a more than monthlong machinist ...Top stories - NBC News - October 15 -
Has Boeing done enough to avoid the credit rating junk yard?
Plane maker is burning through an estimated $1bn a month during a strike by its largest labour unionBusiness - Financial Times - October 15 -
Boeing strike enters second month as workers rally in Seattle
Boeing factory workers held a large rally in Seattle on Tuesday to demand a better wage deal, mounting pressure on new CEO Kelly Ortberg to end a bitter strike that has plunged the planemaker ...Top stories - NBC News - October 16 -
Ryanair warns of fewer flights next summer due to Boeing aircraft delays
Airlines are increasingly frustrated by the global shortage of new planesBusiness - Financial Times - October 16 -
Washington lawmakers press Boeing, union to resolve monthlong strike
Four Democratic lawmakers from the state of Washington this week urged Boeing and the union representing striking machinists around Seattle and Portland, Ore., to resolve the labor dispute. Around ...Politics - The Hill - October 16 -
BoE watchdog to signal more rules can be eased to support growth
Sam Woods to rebuff criticism that PRA is not doing enough to boost economy at annual City dinnerBusiness - Financial Times - October 17 -
U.S. industrial output falls in September, held down by Boeing strike and hurricanes
U.S. industrial production fell 0.3% in September, held down by the strike at Boeing Co and by the two recent hurricanes, the Federal Reserve reported Thursday.Business - MarketWatch - October 17 -
Boeing competitor Airbus to cut up to 2,500 jobs in space, defense sector
Boeing competitor Airbus on Wednesday announced it would take steps to cut 2,500 jobs in the company’s defense and space division through the middle of 2026. Airbus said the job cuts would result ...Politics - The Hill - October 17 -
Here’s Why NASA Sidelined Boeing’s Troubled Space Capsule for a Year
The space industry is changing, making more room for private companies. SpaceX is a big player, but some startups are trying to be part of plans for the International Space Station’s replacement.Business - Inc. - October 17 -
Boeing Has a $15 Billion Plan to Weather Company Turbulence
The planemaker wants to sell shares and a convertible bond to shore up its shaky finances.Business - Inc. - October 17 -
Spirit AeroSystems to furlough 700 workers as Boeing machinist strike continues
Spirit AeroSystems had been scrambling to cut costs after more than 32,000 Boeing machinists walked off the job Sept. 13.Business - CNBC - October 18 -
Spirit to furlough hundreds as Boeing strike’s effects feed through supply chain
Measure could spread to further staff if strike goes on beyond NovemberBusiness - Financial Times - October 18 -
Boeing’s labor strike is forcing this company to send hundreds of employees home
Spirit AeroSystems is furloughing 700 employees due to the impact of the strike by Boeing’s machinists.Business - MarketWatch - October 18 -
Spirit AeroSystems to furlough 700 workers as Boeing machinist strike continues
Boeing supplier Spirit AeroSystems will furlough some 700 workers as a strike by machinists at the plane maker enters its sixth week, a spokesman for the supplier said Friday.Top stories - NBC News - October 18 -
Cramer's week ahead: Earnings from Boeing, Tesla, IBM and T-Mobile
CNBC's Jim Cramer named the big earnings reports to keep an eye on next week, including numbers from Boeing, Tesla, IBM and General Motors.Business - CNBC - October 18 -
Boeing supplier Spirit Aero to furlough employees amid strike
Spirit AeroSystems announced plans to furlough 700 workers for 21 days Friday due to the ongoing Boeing employee strike. The company’s hourly direct, support functions and management employees in ...Politics - The Hill - October 18