Latest in Hampered Hurricanes Boeing
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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 -
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 -
How College Students Beat Boeing in a Battle to Take Down Drones
A device that blasts sound waves shows how smaller players are competing against the defense giants.Tech - The Wall Street Journal - October 19 -
Boeing and union reach tentative wage deal to end strike
Boeing and its machinists union have reached a tentative agreement that could end a strike that has halted most production in the past month.Business - MarketWatch - October 21 -
Boeing workers to vote on new proposal that could end strike
Boeing and its machinists’ union have reached a new contract proposal, the union said Saturday, outlining a deal that could end a more than month-long strike that has hobbled the manufacturers’ ...Top stories - NBC News - October 19 -
Boeing and Union Leaders Reach New Proposal to End Strike
The deal reached by the machinists union, which represents more than 33,000 workers, would cumulatively raise wages by nearly 40 percent over four years, according to details shared by the union.Business - The New York Times - October 19 -
Boeing workers to vote on ending strike in critical week for plane maker
Union members to consider offer on Wednesday that could restart production stalled for more than a monthBusiness - Financial Times - October 20 -
Boeing machinists to vote on new proposal with 35% raises that could end strike
The IAM will vote Wednesday on the new proposal which includes 35% wage increases over four years, a higher signing bonus of $7,000 and more.Business - CNBC - October 21 -
Boeing workers to vote next week on a new proposal that could end strike
The International Association of Machinists and Aerospace Workers said early Saturday that it plans to hold a ratification vote on Wednesday that could end the Boeing strike.Top stories - CBS News - October 19 -
Boeing, machinists' union reach tentative deal that could end strike
Aircraft manufacturing giant Boeing and the union representing about 33,000 striking machinists reached a tentative agreement Saturday on a new contract that, if ratified, would end a strike which ...Top stories - CBS News - October 19 -
Boeing's CEO Is Shrinking the Jet Maker to Stop Its Crisis From Spiraling
A strike by its machinists union could end soon, but the company remains in a perilous financial position.Business - The Wall Street Journal - October 20 -
BoE chief economist criticises statistics agency over poor jobs data
Huw Pill told ONS in private letter that efforts to fix key labour market survey ‘have not yet led to improvement’Business - Financial Times - October 22 -
Boeing is about to show a big quarterly loss as investors wait for the strike to end
If union members agree to end the strike “the supply chain, investors, and Boeing will share a collective sigh of relief.”Business - MarketWatch - October 23 -
Boeing machinists to vote on contract as company faces uncertain future
Striking Boeing machinists will vote Wednesday on a tentative labor contract that may put to rest a weeks-long strike, but not questions about the company's future. The stakes for the vote are ...Politics - The Hill - October 23 -
New Boeing CEO sets sights on 'leaner' future as quarterly loss tops $6 billion
Boeing had released preliminary results earlier this month showing a big loss and $5 billion in charges across its defense and commercial units.Business - CNBC - October 23