Boeing

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Volatile Day Ends With Gains
 Volatile Day Ends With Gains 
MARKETS
Oct 23, 2008 3:35 PM CDT

Volatile Day Ends With Gains

Utilities, energy spur late rally that leaves Dow up 172

(Newser) - Stocks saw wild triple-digit swings today before closing with gains, MarketWatch reports. Many earnings reports were poor, and weekly jobless claims spiked, but investors also found bright spots amid the gloom. The Dow rose 172.04 to 8,691.25. The Nasdaq fell 11.84 to 1,603.91, but...

Dow Sinks 514 on Bad Earnings
 Dow Sinks 514 on Bad Earnings 
MARKETS
Oct 22, 2008 3:32 PM CDT

Dow Sinks 514 on Bad Earnings

Third-quarter reports detail suffering across the board

(Newser) - Stocks continued yesterday’s decline amid a wave of poor earnings reports across the board, the Wall Street Journal reports. The Dow, down at one point nearly 700 points in the final hour, fell 514.45 to close at 8,519.21. The Nasdaq shed 80.93 points, closing at...

Boeing CEO Hopeful as Strike Talks Set to Resume

Firm may find compromise on crucial outsourcing issue

(Newser) - Boeing’s CEO is confident that the next round of talks could resolve a costly strike by its machinists union, the Seattle Times reports. With formal negotiations set to resume tomorrow, Jim McNerney thinks headway can be made on the pivotal issue of outsourcing the production of parts traditionally fashioned...

Boeing Strike Drags on After Talks With Union Collapse

Outsourced production remains logjam issue in dispute costing airplane-maker $100M a day

(Newser) - Talks broke down between Boeing and its machinists’ union yesterday, with no agreement in sight to end the 38-day-old strike, the Seattle Post-Intelligencer reports. Negotiations snagged over job security: Boeing has cut labor costs by outsourcing the production of certain parts formerly made by the machinists, and the return of...

Sides Dig In Despite Boeing Strike Costs
Sides Dig In Despite Boeing Strike Costs
ANALYSIS
Sep 29, 2008 1:35 PM CDT

Sides Dig In Despite Boeing Strike Costs

Stoppage in week 4; price tag nears $1.3B for aircraft giant

(Newser) - Machinists employed by Boeing have been on strike for more than 3 weeks, with no end in sight; analysts say if the stoppage reaches a month, it could cost the aircraft maker $1.3 billion, the Seattle Times reports. The union sees its position as good, given Boeing’s huge...

New AIG Chief Plans to Carve Leaner Corporation

Liddy will sell some assets to pay Feds

(Newser) - The new CEO of beleaguered giant American Insurance Group plans to trim the company, selling some assets to raise capital and pay back the government following its $85 billion bailout, reports the Wall Street Journal. "There will be a company at the end of this," vowed Edward Liddy,...

Engine Failure Cited in Russian Jet Crash

(Newser) - A Russian investigator says today's crash of a passenger jet that killed 88 people was most likely caused by failure of one of the Boeing-737-500's two engines. The plane was on its approach to land amid low cloudcover when it crashed into an unpopulated area of a central Russian city,...

Pentagon Delays $35B Tanker Deal for Next President

Environment too 'highly charged' for fair process; Boeing gets time to rework plan

(Newser) - The Pentagon has put a $35 billion contract for new Air Force refueling tankers on hold, Defense Secretary Robert Gates announced today, reasoning that the White House didn’t have enough time left to “complete a competition that would be viewed as fair.” The contract was awarded to...

Boeing Machinists on Strike
 Boeing Machinists
 on Strike
Sep 6, 2008 7:13 AM CDT

Boeing Machinists on Strike

Action shuts down plane production

(Newser) - Some 27,000 Boeing machinists launched a strike early this morning after failing to reach an agreement with the company on a new contract, reports Reuters. A boisterous crowd of more than 100 workers gathered near the entrance of Boeing's factory in Everett, Washington, whistling, honking and waving picket signs...

Boeing Union to Strike at Midnight

Workers, company fail to reach deal after 2 extra days of negotiations

(Newser) - Boeing’s biggest union opted today to strike at midnight after failing to reach a last-minute contract deal, the Wall Street Journal reports. Nearly 27,000 Seattle-area machinists and aerospace workers will walk off the job over health, job security, and pay raise issues in Boeing's latest offer. The union...

Boeing Machinists Vote to Strike; Postpone 48 Hours

After voting to strike, union agrees to mediator plea to return to bargaining

(Newser) - Boeing's largest union voted overwhelmingly to strike last night, but agreed to extend the current contract 48 hours for a last-ditch effort at the bargaining table to avert a walkout. Federal mediators urged the delay, after 87% of the company's machinists voted to reject Boeing's offer for a new 3-year...

Boeing Union Slams Offer, Urges Workers to Strike

Union recommends workers vote against contract; some see $120M a day losses

(Newser) - Boeing union leaders are urging members to turn down the company’s latest offer and go on strike, the Seattle Post-Intelligencer reports. Union chiefs have also filed a charge of unfair labor practice against management for "direct dealing with our members." Machinists plan to vote on Boeing's offer...

Boeing Threatens to Ditch Air Force Tanker Bid

Boeing demands extra 4 months in new bid in tanker war

(Newser) - Boeing has warned the Pentagon it will pull out of the new bidding to build a fleet of air tankers unless it gets an extra four months to prepare a bid, the Wall Street Journal reports. A Boeing pullout would leave the Air Force with no competition for a $35...

Airbus, Boeing Hindered by Wait for Seats, Toilets

Overwhelmed small suppliers struggle to produce equipment on time

(Newser) - Production delays are plaguing Airbus and Boeing as the airplane manufacturers wait for simple supplies such as seats, toilets, and gallies for their new widebody jets, the Wall Street Journal reports. Small firms charged with making such supplies have been slowed as demand has soared. The interrupted production means higher...

Pentagon's New Bid Rules Favor Northrop: Boeing

Bidding changes seen to justify previous decision

(Newser) - The Pentagon issued new criteria yesterday for the second round of bidding on its lucrative fuel-tanker contract, Bloomberg reports, and Boeing backers immediately cried foul. The new terms give bonus points to a plane that carries more fuel than the earlier guidelines, which Boeing officials and congressional allies claim favors...

Air China Buys 45 Boeing Jets
 Air China Buys 45 Boeing Jets 
Jul 16, 2008 8:00 AM CDT

Air China Buys 45 Boeing Jets

Purchase is one of carrier's biggest buys ever

(Newser) - Air China plans to buy 45 Boeing 777 and 737 aircraft, reports the AP, a purchase the airline says will increase its capacity by about 35% and help reinforce Beijing's status as a transportation hub. The list price for the planes—one of China's biggest airliner purchases—is $6.3...

Boeing Says Dreamliner On Track, Despite Glitches

Inaugural flight of fuel-saving jet scheduled for this fall

(Newser) - The inaugural flight of Boeing’s 787 Dreamliner jet remains on track for this fall, but mechanical glitches are making the production schedule tighter than the company would like, the Seattle Times reports. Delays, mis-drilled holes, and ill-trained workers have contributed to the thinning cushion Boeing allowed for itself to...

Pentagon to Re-Open $35B Air Force Tanker Bid

(Newser) - The Pentagon will re-open a $35 billion contract to build the Air Force's fleet of new refueling tankers and pick a new winner by the end of the year, congressional sources say. The Office of the Secretary of Defense—not the Air Force—will oversee the new competition between Boeing...

New Engine Could Rev Green Flight

Less fuel, emissions, and noise

(Newser) - In what is being hailed as the most exciting development in commercial aviation technology in years, Pratt & Whitney has developed a revolutionary jet engine that burns up to 15% less fuel and cuts carbon emissions by 1,500 tons per plane per year. The engine, which is also quieter...

GAO Backs Boeing's Protest of $40B-Deal

Officials want Air Force to re-examine contract that went to competitor

(Newser) - Congressional investigators today seconded Boeing's protest of the US Air Force's decision to award a lucrative tanker contract to a competitor and its European partner, the Seattle Times reports. The Government Accountability Office said it found "a number of significant errors that could have affected the outcome of what...

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