U.S. airplane maker Boeing is facing another huge crisis. Around 33,000 of the company’s workers, represented by the International Association of Machinists and Aerospace Workers (IAMAW), overwhelmingly rejected a new labor deal and went on strike.
The workers were presented with two votes on Thursday;...
U.S. airplane maker Boeing saw its stock rise on Monday after the company reached a tentative agreement with a union that represents 33,000 of its workers.
The four-year contract that Boeing and the International Association of Machinists and Aerospace Workers (IAMAW) agreed upon would see...
The shares of airplane maker Boeing slightly recovered on Wednesday following a sharp decline the day before, which was caused by the downgrade of the company’s stock from investment bank Wells Fargo.
In a note shared with clients on Tuesday, Wells Fargo’s analyst Matthew Akers...
Struggling U.S. airplane maker Boeing is turning to former Rockwell Collins CEO Kelly Ortberg to lead the company’s recent turnaround efforts. Ortberg will assume the roles of President and Chief Executive Officer roles at Boeing in August, replacing the outgoing CEO Dave Calhoun.
Boeing announced...
Stocks on the New York Stock Exchange paused on Monday, taking a breather from their rally last week following news that Boeing CEO Dave Calhoun is set to step down from his role at the end of the year. Shares in the aircraft manufacturer...
Boeing announced on Thursday that it is expecting delays in the production and delivery of its 737 MAX airliners due to an issue with parts supplied to them by Spirit AeroSystems. The company’s shares took a hit shortly after the announcement, dropping by 4.5%...
