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The Latest Breaking News from Boeing

Boeing Slashing Workforce By 17,000 Amid Strike

Troubled company axing 10 percent of workforce after 33,000 walked off job, halting production of the 737 MAX, 767, and 777 jets

International Business Times

Is first-class dead?

Once, first class was the epitome of luxury travel. Now, with many airlines introducing seats in business class that are as good as first class, will more airlines abandon international first class altogether?

Fortune

Boeing To Cut 10% Of Workforce As It Sees Big Q3 Loss

Boeing announced Friday that it plans to cut 10 percent of its workforce as it projected a large third-quarter loss in the wake of a machinist strike in the Seattle region.

International Business Times

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Boeing cuts 10% of workforce

The aircraft manufacturing giant blamed work stoppages for its spiraling fortunes

Salon

Judge reportedly strikes down Texas law that Ken Paxton frequently uses to investigate companies and nonprofits

A federal judge said Texas’ “request to examine” statute amounts to unconstitutional search and seizure, Bloomberg reported.

The Texas Tribune

Boeing to lay off 10% of workforce as machinist strike cripples airplane production

US aviation giant Boeing plans to lay off about 10 percent of its workers in the coming months, about 17,000 people, as it projected a large third-quarter loss after a nearly month-long strike by 33,000 of its workers slowed production and caused executives to delay delivery of its 777X jet…

France 24

Boeing To Cut 10% Of Staff Amid Financial Challenges

Boeing announces plans to cut 10% of its workforce due to financial losses and safety issues, impacting 171,000 employees globally.

Top News

Boeing Strikes Back At Union With Unfair Labor Practice Charge

The strike of about 33,000 union members from the U.S. West Coast factory of the company has already entered its 5th week.

International Business Times

Boeing could get some air under its wings with a $15 billion equity offering

Boeing appears to be bleeding cash. An equity offering may be the Band-Aid to fix it.

Fortune

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The Independent UK

Troubled Boeing withdraws 30 percent salary increase offer to striking workers

The offer would have resulted in a pay increase by almost a third over four years for 33,000 US staff, according to the aircraft manufacturer

Barchart

S&P 500 Climbs to a Record High on Expectations of Easing US Inflation

The S&P 500 Index ($SPX ) (SPY ) Wednesday closed up by +0.71%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up by +1.03%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up by +0.80%. Stocks rallied Wednesday, with the S&P 500 posting a new record...

Barchart

Stocks Push Higher Ahead of Thursday’s US CPI Report

The S&P 500 Index ($SPX ) (SPY ) today is up by +0.37%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up by +0.45%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +0.40%. Stocks today are moderately higher, with the S&P 500 posting a...

Barchart

Stocks Little Changed after Positive Economic Comments from Fed Vice Chair Jefferson

The S&P 500 Index ($SPX ) (SPY ) today is up by +0.09%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up by +0.22%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down by -0.05%. Stocks today are mixed. Positive comments from Fed Vice Chair Jefferson...

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Barchart

Stocks Little Change after Positive Economic Comments from Fed Vice Chair Jefferson

The Independent UK

Boeing withdraws contract offer after talks with striking workers break down

Boeing has withdrawn a contract offer that would have given striking workers 30% raises over four years after talks broke down

The Guardian - UK

Post Office CEO Nick Read appears before Horizon inquiry; US considers Google breakup in landmark antitrust case – as it happened

Rolling coverage of the latest economic and financial news

International Business Times

Boeing Suspends Negotiations With Striking Workers

Boeing on Tuesday suspended negotiations with its striking workers as it accused the International Association of Machinists and Aerospace Workers (IAM) of making unreasonable demands and withdrew its offer.

Space

Scrubbed spacewalks, Starliner stay-overs and more: NASA astronaut Tracy C. Dyson discusses her eventful 6 months in orbit

NASA astronaut Tracy Caldwell Dyson reflected on her time in space during a post-flight press conference at NASA’s Johnson Space Center in Houston on Friday (Oct. 4).

International Business Times

Boeing, Union To Resume Wage Talks After Two Weeks Of Stalemate

Boeing and the union were summoned by the federal mediator to go back to the negotiation table.

Barchart

Boeing’s Quarterly Earnings Preview: What You Need to Know

Boeing is gearing up to release its third-quarter earnings later this month, and analysts anticipate a double-digit bottom-line surge.

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