Boeing Company (BA)
Boeing increases wage offer to 30% for striking workers
Boeing said on Monday it has increased the general wage to 30% in an offer to the union representing its striking workers in the U.S. west coast.
Fed's Favorite Inflation Metric to Release on Friday
This being the final full week of the month, on Friday morning we'll get the latest Personal Consumption Expenditures (PCE) report, for August. This is the preferred metric for gauging inflation by the Fed, as Chair Jerome Powell has said many times.
Fed Members Make Their Voices Heard This Week
What may be most important to investors this week are the vast amounts of commentary coming from members of the Fed.
I'd avoid Boeing and Airbus stocks and buy Aercap instead
The civil aviation and defense industries are doing well, helped by the ongoing recovery of travel and defense spending. However, top companies in the industry are not doing well.
Labor Union Strike Poses a Huge Problem for Boeing
Boeing last dealt with a strike 16 years ago when its machinists union walked off for two months while demanding a bigger piece of Boeing's (then) record profits. Today, the machinists union is striking again, demanding higher wages at a time when Boeing has no profits.
The head of Boeing's defense and space business is out as company tries to fix troubled contracts
Boeing on Friday replaced the head of its troubled defense and space business, which has struggled with money-losing government contracts and embarrassing setbacks involving its Starliner space capsule.
Boeing machinists on picket lines prepare for lengthy strike: 'I can last as long as it takes'
Boeing machinists on the picket lines said they have saved money for the strike and plan to pick up temporary jobs to make ends meet. More than 30,000 Boeing machinists walked off the job Sept.
This is ‘part of the ongoing story of Boeing's slow decline': Al Root
Barron's associate editors Andrew Bary and Al Root and Barron's senior writer Elizabeth O'Brien discuss several market topics, including luxury stocks and the Boeing strike on ‘Barron's Roundtable.' Click Here Watch more Fox Business Video: Click Here Watch Fox Business Network Live: Click Here FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street.
Boeing ousts head of troubled space unit after astronauts left stranded, billions in losses
Boeing's defense, space and security unit, one of its three main businesses, has lost billions of dollars in 2023 and 2022, which executives attributed in large part to cost overruns on fixed-price contracts.
Boeing's defense chief is leaving, company says
Boeing Co. said that Ted Colbert — its head of defense, space and security — would leave the company on Friday, as the beleaguered aviation giant's new chief executive aims for big changes following a string of safety concerns and a deep slump in its financials.
Boeing In Crisis: Pays Embraer $150 Million For Failed Acquisition Deal
Boeing faces significant financial challenges, including a big debt load and a failed labor agreement, exacerbating its cash flow issues. Embraer will receive $150 million in compensation from Boeing, but this amount likely does not cover the full costs incurred from the failed joint venture. The failed Boeing-Embraer joint venture means both companies lost valuable time and resources, potentially benefiting Airbus in the competitive landscape.
Boeing's defense unit chief Colbert is departing, CEO says
Boeing's new CEO Kelly Ortberg said the company's defense unit chief Ted Colbert is leaving Boeing and that a replacement would be named later. The defense unit accounted for about 40% of Boeing's revenue in the first half of the year.
