Company
NYSE:BA
Boeing Co is an aerospace company. The company's segments include Commercial Airplanes (BCA), Defense, Space & Security (BDS), Global Services (BGS) and Boeing Capital (BCC). Its BCA segment develops, produces and markets commercial jet aircraft to the commercial airline industry worldwide.
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The mishap jeopardizes U.S. plans for human flights as soon as next year by Boeing, which was hired to ferry astronauts to the ISS as part of NASA‘s commercial crew program along with Elon Musk’s Space Exploration Technologies Corp.
The aircraft maker will suspend production from January after US aviation regulators made it clear that the MAX will not be cleared to return to the skies before the end of the year as originally hoped
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The EU plan, set to be approved as the high-profile United Nations summit in Madrid winds up, would put the bloc ahead of other major emitters. Countries including China, India and Japan have yet to translate voluntary pledges under the 201
The longer checks could potentially scupper Boeing's plans to resume deliveries of the troubled aircraft before the end of the year
Boeing posted a 53% drop in profit in the third quarter as it struggles to rebound from fatal crashes of its 737 MAX airplanes
In a note to clients on Monday, UBS downgraded its rating for Boeing to ‘neutral’ from ‘buy’ and cut its target price to $375 from $470
Disputes over how the MAX’s dual flight-control computers will work together may prolong the vetting process, the paper said
Trump softened his stance, said Chinese officials contacted US trade counterparts overnight and offered to return to the negotiating table
The budget airline is now expecting to grow 3% in the summer of 2020, down from previous predictions of 7% as a result of a smaller fleet of planes
Hardware & electrical equipment
The self-driving motorbikes and cars in Westworld are so near reality that the ROBO Global Index Series includes companies developing the technology
In an update, the FTSE 250-listed aerospace engineer said overall trading has been in line with expectations but said it is expecting some impact from the 737 MAX situation
The aircraft maker reported a 21% drop in earnings for the first quarter, while the grounding of its bestselling aircraft and a stoppage of deliveries racked up US$1bn in extra costs
Also moving Wednesday were AT&T, Boeing, Anadarko Petroleum and Snap
Also making moves Wednesday were Delta, Levi Strauss, JetBlue Airways and Indivior
Investments and investor services
The IMF cut Canada's economic growth forecast nearly half a percentage point to 1.5% in its new World Economic Outlook
Investments and investor services
Crown shares are up 21% after Wynn Resorts lobs a $14.75 cash and scrip proposal.
Investments and investor services
Also making moves Monday were Snap, Boeing, Roku and Tesla
On Tuesday, the airline said it had detected durability issues with the engines and had already withdrawn two of the aircraft from service to await replacements
The travel firm said assuming the MAX planes were cleared to resume flights by mid-July at the latest, underlying EBITA for the current year would be around 17% lower than in 2018, however, if the planes were grounded for longer the figure
Investments and investor services
Cannabis stocks gave back gains as signs of a global slowdown hindered investor appetite
