Boeing (BA) News & Analysis

Striking machinists accepted a new contract raising wages by 39 percent, but enduring bitterness will complicate Boeing’s efforts to rebuild its battered corporate culture and flawed production process.

Factory workers at Boeing voted to accept a contract offer and end their strike after more than seven weeks, clearing the way for the aerospace giant to resume production of its bestselling airliner and generate much-needed cash.Leaders of the Interna…

"Over the last four years, we’ve shown collective bargaining works," President Biden said after Boeing workers agreed a 38% pay rise.

https://www.cnn.com/2024/11/04/business/boeing-strike-vote-hnk-intl/index.html New York CNN — Striking workers at embattled plane maker Boeing voted Monday to accept the company’s most recent offer, ending the costliest strike in the United States in …

Machinists are set to return to work after ratifying a contract with a 38% pay raise.

Boeing sweetened its offer to thousands of striking factory workers, leading machinists union to back the deal.

About 33,000 workers at the aerospace manufacturer had been on strike for nearly two months, having rejected two earlier contract offers.

The aerospace giant has threatened to reduce the terms of the deal if this contract is rejected.

The aircraft maker’s brutal year means the European budget carrier won’t get new aircraft, curbing its forecasts.

The union supports a pay and retirement proposal that could put factory workers back to work after seven weeks off the job.

Union workers approved a 38% wage hike after reaching a deal with Boeing, ending a nearly two-month strike.
The post Boeing Strike Ends, Work Set To Resume appeared first on Investor's Business Daily.

The U.S. economy added 12,000 jobs in October, down sharply from September and below the Dow Jones estimate for 100,000.

Europe’s largest airline by passengers, Ryanair, saw profits fall 18% in the six months to the end of September.

Bold action signals aerospace giant is trying to take risk of financial distress off the table

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The U.S. added just 12,000 jobs for the month instead of the 100,000 expected.

A jobs report skewed by hurricanes and a strike at Boeing landed on voters’ radar with less than a week until Election Day, scrambling the picture of the U.S. economy as Kamala Harris and Donald Trump prepare to face off against each other after one of…

The October jobs report, though muddied by Hurricane Milton and the Boeing strike, bolstered the case for addition Fed rate cuts, aiding the S&P 500.
The post Jobs Report: Fed Rate-Cut Odds Jump As Hiring Stalls Amid Strike, Hurricane; S&P 50…

Boeing overcharged the Air Force nearly $1 million for spare parts on C-17 cargo planes, including an 8,000% markup for simple lavatory soap dispensers, according to the Pentagon’s inspector general.The Defense Department’s auditor reviewe…