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2024-11-21
Boeing’s CEO tells staff to stop ‘bitching by the water cooler’ and focus on beating Airbus
Nov 21, 2024, 4:45 PM
Boeing's new CEO Kelly Ortberg had some brutal feedback for staff, telling them to stop complaining and start competing.
2024-11-20
Boeing to lay off 2,200 Washington workers in coming months
Nov 19, 2024, 8:30 AM
Boeing workers across the U.S. are learning about a round of layoffs, with most workers impacted currently working in the state of Washington.
2024-11-19
Boeing to lay off roughly 2,200 Washington workers 5 days before Christmas
Nov 19, 2024, 8:30 AM
Boeing workers across the U.S. are learning about a round of layoffs, with most workers impacted currently working in the state of Washington.
2024-11-16
What Can the Department of Government Efficiency Do?
Nov 16, 2024, 8:00 AM
President-elect Trump has indicated the entity will operate outside the government, a position that comes with legal limits.
2024-11-12
Stock market today: Dow leads stocks down as rally takes a break before CPI report
Nov 12, 2024, 4:08 PM
Investors are assessing whether the post-election rally is about to stall and what Donald Trump's Cabinet picks mean for policy.
Stock market today: Dow leads stocks down as record-setting rally takes a breather
Nov 12, 2024, 3:09 PM
Investors are assessing whether the post-election rally is about to stall and what Donald Trump's Cabinet picks mean for policy.
Boeing stock slides as company posts sharp decline in October deliveries due to strike
Nov 12, 2024, 1:15 PM
Boeing delivered just 14 planes in October as a worker strike by its biggest union hampered the aerospace giant's production.
2024-11-11
Flames burst from Boeing plane after reported bird strike, video shows
Nov 11, 2024, 9:20 AM
A video has captured flames bursting from the wing of a Hainan Airlines Boeing jet that struck a bird following takeoff from Italy on Sunday.
2024-11-05
Boeing’s Strike Is Over. What’s Next for the Company?
Nov 5, 2024, 3:03 PM
The aerospace manufacturer and its new chief executive face a daunting to-do list, including improving quality and increasing production of its commercial planes.
Stock market today: Dow, S&P 500, Nasdaq rise as Wall Street braces for election results
Nov 5, 2024, 11:23 AM
The polls are open, and investors are in wait-and-see mode to find out whether Harris or Trump will win — and how long it'll take to get a clear outcome.
Boeing strike ends after labor union accepts contract offer, announces return to work
Nov 5, 2024, 1:55 AM
A 33,000-member Boeing machinist union based in Seattle approved a new contract offer by 59% vote on Monday night after nearly two months on strike.
Boeing walkout ends as striking workers back 38% pay rise offer
Nov 4, 2024, 11:53 PM
The damaging walkout by more than 30,000 unionised Boeing workers started on 13 September.
2024-11-04
Boeing Union Approves New Contract, Ending Strike
Nov 4, 2024, 11:59 PM
About 33,000 workers at the aerospace manufacturer rejected two earlier contract offers and had been on strike for nearly two months.
Manufacturing sector sheds 78K jobs in last three months
Nov 4, 2024, 6:04 AM
The October jobs report found the manufacturing sector lost 46,000 jobs amid strike activity at major manufacturers, extending a three-month slide that has seen the loss of 78,000 jobs.
2024-11-01
Stock market today: Nasdaq, S&P 500 rebound as Amazon surges, market shrugs off jobs data
Nov 1, 2024, 2:59 PM
Markets are taking a big miss in the monthly jobs report in their stride as they welcome Amazon and Intel's results.
Boeing stock pops on tentative agreement with union to end strike as overall cost nears $10 billion
Nov 1, 2024, 1:04 PM
Weary Boeing investors are getting a lift on Friday after the planemaker and its main worker union, the International Association of Machinists, struck a tentative deal.
October jobs report: US economy adds just 12,000 jobs as Boeing strike, hurricanes weigh on labor market
Nov 1, 2024, 8:37 AM
The October jobs report is the last major economic release before the Federal Reserve makes its policy decision on Nov. 7.
2024-10-31
Boeing makes new 38% pay rise offer to striking workers
Oct 31, 2024, 8:20 PM
The union representing more than 30,000 striking workers endorsed the offer and will hold a ballot on Monday.
Boeing Union Endorses Latest Offer to End Crippling Strike
Oct 31, 2024, 7:46 PM
(Bloomberg) -- Boeing Co. and union leaders representing 33,000 striking workers reached a tentative agreement to end a lengthy labor dispute that’s crippling the company’s commercial airplane manufacturing.Most Read from BloombergIs Denver’s Big Bet on E-Bikes Paying Off?Chicago Mayor Seeks Property Tax Hike, Breaking Campaign VowThe Answer To Making Cities More Family-Friendly? CourtyardsNY Transit Agency Takes Next Step on Brooklyn-Queens Rail LinkA South Korean City Plays Matchmaker to Tackl
Boeing Reaches New Deal With Union in Hopes of Ending Strike
Oct 31, 2024, 7:05 PM
The aerospace manufacturer’s largest union said it would put the contract to a vote on Monday by its 33,000 members, who rejected two earlier agreements.
October jobs report to arrive days ahead of Election Day, Fed's rate cut decision
Oct 31, 2024, 6:00 AM
The release of the October jobs report on Friday that will give American voters and the Fed's policymakers a last look at labor market data ahead of Election Day and the Fed meeting.
2024-10-29
Boeing looking to sell space business: report
Oct 29, 2024, 12:49 PM
Boeing is reportedly exploring the sale of portions of its space business, such as its Starliner space vehicle and operations supporting the International Space Station.
Jeff Bezos, Jay Powell, Serena Williams and More Will Speak at the DealBook Summit
Oct 29, 2024, 7:47 AM
The conference on Dec. 4 will bring together the biggest names in business, politics and culture.
2024-10-28
Boeing Will Sell $19 Billion in Stock Amid Costly Strike
Oct 28, 2024, 11:00 AM
The aerospace company, locked in a standoff with striking workers, is seeking to shore up its balance sheet and avoid a credit rating downgrade.
Stock market today: Dow, S&P 500, Nasdaq rise to kick off busy week of key data, Big Tech earnings
Oct 28, 2024, 9:30 AM
Investors are bracing for a very busy week packed with Big Tech earnings, an inflation update, and a crucial monthly jobs report.
Stock market today: Dow, S&P 500, Nasdaq gain to kick off busy week of key data, Big Tech earnings
Oct 28, 2024, 9:30 AM
Investors are bracing for a very busy week packed with Big Tech earnings, an inflation update, and a crucial monthly jobs report.
Stock market today: Dow, S&P 500, Nasdaq gain in wait for key data, Big Tech earnings
Oct 28, 2024, 9:31 AM
Investors are bracing for a very busy week packed with Big Tech earnings, an inflation update, and a crucial monthly jobs report.
2024-10-25
Why Nike, Starbucks and Boeing have lost their magic
Oct 25, 2024, 6:37 PM
Three quintessentially American companies — Starbucks, Nike and Boeing — share a common predicament at the moment.
2024-10-24
Machinists union rejects Boeing contract offer, extending strike
Oct 24, 2024, 5:24 PM
The International Association of Machinists and Aerospace Workers, representing 33,000 striking machinists at Boeing, voted to reject the aerospace giant's latest contract offer, extending a strike that has halted key Boeing production lines.
Why Boeing Workers Rejected a New Contract: Retirement Benefits
Oct 24, 2024, 4:42 PM
A large majority of more than 33,000 striking union members voted against a contract that included big raises but not the restoration of a frozen pension plan.
Boeing Email to Ethiopian Airlines Sheds Light on a Crash
Oct 24, 2024, 2:16 PM
Newly revealed correspondence indicates that a Boeing senior official counseled that the company could answer a pilot’s safety questions, but it did not.
Stock market today: Nasdaq poised for a comeback as Tesla earnings lift spirits
Oct 24, 2024, 12:03 PM
Tesla's surprisingly solid results and high-flying sales forecast are lifting hopes for a strong earnings season.
2024-10-23
Boeing Union Workers Approve/Reject Contract
Oct 23, 2024, 10:20 PM
The vote will extend a monthlong strike at factories where the aerospace company makes its best-selling commercial airplane.
Stock market today: Nasdaq, S&P 500 sink as tech leads losses ahead of Tesla earnings
Oct 23, 2024, 4:10 PM
Doubts about rate cuts weighed on investors dealing with a busy day of earnings from the likes of Tesla and Boeing.
Stock market today: Nasdaq leads stocks lower as Wall Street braces for Tesla earnings
Oct 23, 2024, 12:17 PM
Doubts about rate cuts weighed on investors dealing with a busy day of earnings from the likes of Tesla and Boeing.
Boeing CEO says 'trust in our company has eroded,' calls for 'fundamental culture change'
Oct 23, 2024, 11:49 AM
Boeing CEO Kelly Ortberg said on the company's earnings call that "trust in our company has eroded" and the aerospace giant needs a culture change as well as an improved balance sheet.
Boeing at "crossroads" as strike hits and losses rise
Oct 23, 2024, 10:31 AM
New Boeing boss Kelly Ortberg is wrestling with a damaging worker strike and other crises.
Boeing reports $6B quarterly loss with big union vote looming
Oct 23, 2024, 8:05 AM
Boeing released third quarter earnings on Wednesday morning, closely matching the preliminary figures it released last week. The results highlight the precarious nature the planemaker finds itself, though some relief may be on the horizon with a big labor vote set later today.
Boeing’s New C.E.O. Calls for ‘Culture Change’ as Strike Vote Looms
Oct 23, 2024, 7:40 AM
As Kelly Ortberg presented his strategic vision, more than 33,000 striking employees of the aerospace manufacturer were expected to vote on a new contract.
Stock market today: Dow futures lead S&P 500, Nasdaq lower as Treasury yields tick up
Oct 23, 2024, 6:45 AM
Doubts about rate cuts weighed on investors preparing for a busy day of earnings from the likes of Tesla and Boeing.
2024-10-22
Boeing-made communications satellite breaks up in space
Oct 22, 2024, 11:50 PM
The "total loss" of the communications satellite has affected Intelsat customers around the world.
Boeing strike costliest in economic damage so far in 2024
Oct 22, 2024, 6:00 AM
Boeing and its striking union machinists have reached a tentative deal that could end the work stoppage, which analysts say has been the most costly of 2024.
2024-10-21
Stock market today: Dow, S&P 500 slip, Nasdaq wavers with flood of earnings ahead
Oct 21, 2024, 1:46 PM
Investors are bracing for a packed week of top-tier earnings that could drive or drag on a record-setting rally.
Stock market today: Dow, S&P 500, Nasdaq slip with flood of earnings ahead
Oct 21, 2024, 9:58 AM
Investors are bracing for a packed week of top-tier earnings that could drive or drag on a record-setting rally.
Stock market today: Dow slips as S&P 500, Nasdaq wobble with flood of earnings ahead
Oct 21, 2024, 9:34 AM
Investors are bracing for a packed week of top-tier earnings that could drive or drag on a record-setting rally.
Stock market today: Nasdaq leads stocks lower with rush of earnings ahead
Oct 21, 2024, 9:34 AM
Investors are bracing for a packed week of top-tier earnings that could drive or drag on a record-setting rally.
Stock market today: Nasdaq leads stocks lower in wait for earnings to rush in
Oct 21, 2024, 9:30 AM
Investors are bracing for a packed week of top-tier earnings that could drive or drag on a record-setting rally.
2024-10-19
Boeing strikers to vote on 35% pay rise offer
Oct 19, 2024, 1:06 PM
About 33,000 unionised workers, mostly in Seattle, will decide this coming week whether to accept the deal.
2024-10-20
Tesla, Boeing, UPS highlight earnings rush: What to know this week
Oct 20, 2024, 7:32 AM
Investors can expect key earnings from Tesla and Boeing as well as consumer sentiment data in the week ahead.
2024-10-19
Boeing Union Says It Will Vote on New Proposal to End Strike
Oct 19, 2024, 11:30 AM
The machinists union that represents more than 33,000 workers said that the deal includes raises of 35 percent over the four-year life of the contract.
2024-10-16
Boeing shores up cash reserves as labor strike, operations costs soar
Oct 15, 2024, 4:28 PM
Boeing made a couple of big moves late Monday night to shore up its balance sheet as the company faces an extremely difficult time ahead.
2024-10-15
Boeing raising up to $35bn as costly strike enters second month
Oct 15, 2024, 10:16 PM
On Tuesday, the union representing over 30,000 of the firm's workers held a rally in Seattle.
Stock market today: Stocks retreat from records as Nvidia, ASML lead chipmakers lower
Oct 15, 2024, 11:20 AM
As a fresh wave of earnings rolls in, hopes are for further positive surprises.
Boeing plans to raise up to $35B to shore up finances as strike continues
Oct 15, 2024, 12:16 PM
Boeing announced in a regulatory filing that it plans to raise up to $25 billion in a stock and debt offering and has entered into a $10 billion credit agreement.
Boeing Seeks to Line Up Billions in Financing as Strike Goes On
Oct 15, 2024, 8:53 AM
The aerospace giant said it could raise as much as $25 billion in debt or equity over the next three years, including a $10 billion line of credit.
2024-10-14
Stock market today: Dow, S&P 500 head for record high, Nasdaq jumps as Nvidia surges
Oct 14, 2024, 10:39 AM
Stocks are upbeat as Nvidia heads for a fresh record high, with the next batch of big bank earnings in focus.
Stock market today: S&P 500 trades at record high, Nasdaq jumps with earnings on deck
Oct 14, 2024, 10:32 AM
Stocks are upbeat as Nvidia heads for a fresh record high, with the next batch of big bank earnings in focus.
2024-10-11
Boeing stock slides as company plans to cut 17,000 jobs, delays jet delivery amid labor strike
Oct 11, 2024, 5:24 PM
An ongoing strike by Boeing's biggest union, the International Association of Machinists and Aerospace Workers (IAM), is proving costly on several fronts for the company.
An ongoing strike by Boeing's biggest union, the International Association of Machinists and Aerospace Workers (IAM), is proving costly on several fronts for the company.
Boeing to axe 10% of staff and slow production of 777x plane
Oct 11, 2024, 5:17 PM
The company said "executives, managers, and employees" jobs are all at risk
Boeing stock slides as company announces job cuts, delays jet delivery amid labor strike
Oct 11, 2024, 4:53 PM
An ongoing strike by Boeing's biggest union, the International Association of Machinists and Aerospace Workers (IAM), is proving costly on several fronts for the company.
Boeing to cut 17,000 jobs and delay first 777X delivery as strike hits finances
Oct 11, 2024, 4:42 PM
(Reuters) -U.S. planemaker Boeing will cut 17,000 jobs, or 10% of its global workforce, delay first delivery of its 777X jet by a year and expects substantial new losses in its defense business as a month-long strike batters company finances, CEO Kelly Ortberg said on Friday. Ortberg said in a message to employees that the company must reset its workforce levels "to align with our financial reality" after a strike by around 30,000 U.S. West Coast workers shuttered production of its 737 MAX, 767 and 777 jets.
Boeing Will Cut 17,000 Jobs in Bid to Slash Costs
Oct 11, 2024, 4:43 PM
A new chief executive is restructuring the aerospace manufacturer, which has been losing money for several years while struggling to improve production quality.
Boeing stock hovers near 52-week low amid ongoing strike
Oct 11, 2024, 2:13 PM
The union strike at Boeing just completed its fourth week with no signs of quick resolution.
2024-10-09
Stock market today: S&P 500, Dow head for fresh records
Oct 9, 2024, 1:03 PM
Investors are locked in debate over a 'no landing' for the economy, with Fed minutes on deck.
Boeing stock falls amid breakdown in union talks, risk of credit rating downgrade
Oct 9, 2024, 10:06 AM
Boeing stock opened lower as talks broke down with its biggest union amid a strike. The company is now at risk of a junk bond rating.
Months Before Ethiopian Crash, Boeing Turned Aside Carrier’s Questions
Oct 9, 2024, 5:04 AM
Ethiopian Airlines appeared to foresee the deadly confusion its pilots would face if flawed software in the Boeing 737 Max failed. Boeing chose not to provide the guidance that the carrier was seeking.
2024-10-08
Boeing withdraws 30% pay rise offer to striking workers
Oct 8, 2024, 11:24 PM
The aviation giant accused the union of not giving its proposals serious consideration.
2024-10-03
Senators Urge Justice Department to Hold Boeing Executives Accountable for Safety Violations
Oct 3, 2024, 2:39 PM
In a letter, Democratic Senators Elizabeth Warren of Massachusetts and Richard Blumenthal of Connecticut criticized the Justice Department after continued incidents with Boeing planes.
2024-09-29
A Grieving Mother. A Famous Uncle. An Unlikely Crusade.
Sep 29, 2024, 3:01 AM
Tragedy turned Nadia Milleron, Ralph Nader’s niece, into an activist. Now she’s on a long-shot campaign for Congress.
2024-09-27
Harland and Wolff: Titanic shipbuilder enters administration
Sep 27, 2024, 10:16 AM
Harland and Wolff, the Belfast shipbuilder, has formally entered administration for the second time.
2024-09-25
Boeing staff report pressure to lower standards
Sep 25, 2024, 4:22 PM
US lawmakers say regulators need to be tougher on Boeing to force change at the troubled company.
Boeing strike: Workers not interested in 30% pay offer, union says
Sep 25, 2024, 12:38 AM
The strike threatens to cost Boeing billions of dollars, deepening the crisis at the aviation giant.
2024-09-24
Stock market today: US futures tick higher as Fedspeak, China stimulus lift spirits
Sep 24, 2024, 8:08 AM
Investors are weighing the chances of another jumbo interest-rate cut and China's launch of aggressive stimulus.
2024-09-23
Boeing union hits out over 'final' 30% pay rise offer
Sep 23, 2024, 10:04 PM
More than 30,000 Boeing workers went on strike earlier this month after rejecting a 25% pay rise offer.
Government Watchdog Calls F.A.A. Air Traffic Control Systems Critically Outdated
Sep 23, 2024, 6:51 PM
A report by the Government Accountability Office said that the agency’s heavy reliance on the systems could jeopardize the safety and efficiency of the nation’s airspace.
Boeing makes 'final' offer of 30% wage increase to striking workers
Sep 23, 2024, 5:10 PM
Boeing is offering its striking union workers a 30% pay increase over a four-year period in what the company said was its "best and final" offer in ongoing contract talks.
Stock market today: Dow, S&P 500 eke out record closes as stocks extend September rally
Sep 23, 2024, 4:01 PM
The focus is on Fed speakers and a key inflation reading for insight into whether another big rate cut is coming.
Boeing Says It Has Made Its ‘Best and Final’ Offer to Striking Workers
Sep 23, 2024, 3:54 PM
The proposal includes raises of 30 percent over the four-year contract, up from a 25 percent offer, but it’s unclear whether it will satisfy workers.
2024-09-21
Boeing stock at 52-week lows as plane maker furloughs workers to preserve cash
Sep 21, 2024, 10:34 AM
Boeing's labor dispute has sent its stock to a 52-week low.
2024-09-20
Boeing strike costs set to soar if labor dispute drags on
Sep 20, 2024, 6:00 AM
The ongoing strike by the largest union representing Boeing employees has already cost the company more than $500 million after one week, and those costs are set to escalate.
2024-09-19
Dow hits 42,000 for first time in Fed fueled run
Sep 19, 2024, 4:17 PM
Investors celebrated the Federal Reserve's super-sized interest rate cut and what is likely the start of a longtime coming easing cycle that should lower borrowing costs for consumers and businesses.
Boeing strike: 'My $28-an-hour pay isn't enough to get by'
Sep 19, 2024, 11:56 AM
BBC News speaks to Boeing workers on the picket line about why they feel they have no choice but to strike.
2024-09-18
Boeing begins layoffs amid labor union strike, controversy over CEO's home purchase: 'Very difficult time'
Sep 18, 2024, 12:36 PM
After Boeing workers went on strike Friday, new CEO Kelly Ortberg announced via email that "temporary furloughs" would be necessary to keep the company afloat.
Boeing puts tens of thousands of workers on furlough after strike
Sep 18, 2024, 1:27 PM
Boeing says it is suspending jobs for thousands of staff in the US due to a worker strike.
Boeing to Begin Temporary Layoffs Because of Strike
Sep 18, 2024, 1:17 PM
The aerospace giant said it would temporarily lay off tens of thousands of employees to stem losses from a walkout by the machinists’ union.
2024-09-17
Boeing Restarts Labor Negotiations as It Seeks End to Strike
Sep 17, 2024, 10:16 AM
Federal mediators are helping the aerospace manufacturer and leaders of the union representing more than 33,000 workers who went on strike last week reach a deal.
Boeing stock hovers near 52-week lows amid labor dispute
Sep 17, 2024, 3:49 PM
Boeing's share price hovers near 52-week lows as the plane maker tries to strike a deal with its machinist union.
Boeing ready to 'hammer out an agreement' as stock hovers near 52-week lows amid labor dispute
Sep 17, 2024, 2:29 PM
Boeing's share price hovers near 52-week lows as the plane maker tries to strike a deal with its machinist union.
Boeing ready 'hammer out an agreement' as stock hovers near 52-week lows amid labor dispute
Sep 17, 2024, 2:09 PM
Boeing's share price hovers near 52-week lows as the plane maker tries to strike a deal with its machinist union.
2024-09-16
Nasdaq slides as countdown to Fed kicks off
Sep 16, 2024, 9:33 AM
Investors are bracing for a crucial week dominated by the Fed's first interest rate cut in four years.
US futures tread water in countdown to rate call
Sep 16, 2024, 7:02 AM
Investors are bracing for a crucial week dominated by the Fed's first interest rate cut in four years.
2024-09-14
Ending the Boeing Strike Won’t Be Easy. Here’s Why.
Sep 14, 2024, 10:54 AM
The vehemence of workers over wages and other issues caught the company and union leaders off guard.
2024-09-13
Stocks set for banner week as jumbo Fed rate cut odds surge
Sep 13, 2024, 4:11 PM
The stage is set for strong weekly wins after Wall Street's expectations for a 0.5% rate cut by the Fed shot up.
Third Bridge global head of analysts Peter McNally discusses how the Boeing factory workers strike is impacting business on 'The Big Money Show.'
Toggle co-founder & CEO Jan Szilagyi weighs in on Boeing workers going on strike, the White House meeting with A.I. leaders, and the launch of 'Toggle Terminal.'
Thousands of Boeing Workers Go On Strike: What to Know
Sep 13, 2024, 9:59 AM
Thousands of Boeing workers in Washington State and Oregon walked off the job on Friday in the first strike at the plane maker in 16 years.
Dow leads gains with jumbo rate cut back on the table
Sep 13, 2024, 9:33 AM
The stage is set for strong weekly wins after Wall Street's expectations for a 0.5% rate cut by the Fed shot up.
US futures rise with jumbo Fed cut back on the table
Sep 13, 2024, 6:47 AM
The stage is set for strong weekly wins after Wall Street's expectations for a 0.5% rate cut by the Fed shot up.
Boeing factory workers down tools in first strike since 2008
Sep 13, 2024, 3:04 AM
(Bloomberg) -- Little more than a month since Boeing Co.’s new chief executive officer took over with a mandate to pull the planemaker out of crisis, things are moving in the opposite direction. Most Read from BloombergHousing’s Worst Crisis in Decades Reverberates Through 2024 RaceAn Affordable Nomadic Home Design Struggles to Adapt to Urban LifeUS Driving and Congestion Rates Are Higher Than EverA City Finds Success Using 'Trees as Medicine'The Hague Is World’s First City to Ban Oil and Air Tr