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The Latest Breaking News from Boeing

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

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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 will lay off 10% of its employees as a strike by factory workers cripples airplane production

Boeing is announcing layoffs

The Independent UK

Boeing to slash 10% of workforce, laying off 17,000 employees

New Boeing CEO Kelly Ortberg shared the news in a letter with employees Friday afternoon after the company reported losing nearly $10 a share in the third quarter of 2024.

Fortune

Boeing's lawyers argue for settlement opposed by relatives of those killed in 737 Max crashes

Relatives of passengers who died in Boeing Max crashes have attended a Texas courtroom where their lawyers asked a judge to throw out a plea agreement they say is a sweetheart deal for Boeing

The Independent UK

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US oversight of Boeing airplane production inadequate, watchdog says

Federal watchdog says FAA does not have effective system to oversee Boeing’s manufacturing facilities

The Guardian - US

Boeing 737 Max Plea Agreement Under Scrutiny In Court

Families challenge Boeing plea deal over 737 Max crashes, seeking transparency and accountability.

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

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

The Independent UK

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

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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...

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

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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.

International Business Times

Boeing, Striking Union Set To Resume Contract Negotiations

Company CEO Kelly Ortberg said a deal with the International Association of Machinists and Aerospace Workers 'stands as a priority for me'

Top News

October Jobs Report Expected To Reflect Significant Disruptions

Experts anticipate disruptions in October jobs report due to Hurricane Helene aftermath, Boeing strike, and US ports strike.

Top News

Unemployment Claims Rise But Remain Below Pre-Pandemic Levels

Unemployment claims rise slightly to 225,000 due to Boeing furloughs, remaining below pre-pandemic levels.

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