Uber, Boeing rise; United Airlines, BuzzFeed fall
March 14, 2023 GMTNEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday:
United Airlines Holdings Inc., down $2.62 to $46.21.
The airline expects to lose up to $1 a share in the first quarter partly because of costs for a potential new pilots’ contract.
Saudi Arabia places order for up to 121 planes from Boeing
March 14, 2023 GMTTwo Saudi Arabian airlines said Tuesday they will order 78 jetliners from Boeing and take options to buy 43 more in a major boost for the American aircraft manufacturer.
The order for Boeing 787s will be divided between Saudi Arabia’s flag carrier, Saudia, and a planned new airline called Riyadh Air, which Saudi officials introduced over the weekend.
Boeing CEO loses $7M bonus, keeps $22.5 million compensation
March 3, 2023 GMTARLINGTON, Va. (AP) — Boeing rewarded CEO David Calhoun with compensation valued at $22.5 million for 2022 but won’t pay him a $7 million bonus because the company will fail to get its new 777X jetliner in service by the end of this year.
Carvana, Boeing fall; Beyond Meat, Farfetch rise
February 24, 2023 GMTNEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday:
Block Inc., up $3.21 to $77.36.
The mobile payments services provider beat analysts' fourth-quarter revenue forecasts.
Boeing stops deliveries of jet on questions surrounding part
February 24, 2023 GMTBoeing has again stopped deliveries of its 787 passenger jet because of questions around a supplier’s analysis of a part near the front of the plane, company and federal officials said Thursday.
Boeing said the issue does not raise an immediate safety issue for planes already in service.
Boeing plans to end production of ‘Top Gun’ plane in 2025
February 23, 2023 GMTEven “Top Gun” couldn't save the F/A-18 Super Hornet.
Boeing announced Thursday that it expects to end production of the fighter jet in late 2025 after a final delivery to the U.S. Navy.
Production of the plane could be stretched out to 2027 if India places an order, the company said.
Air India reveals orders for 470 Boeing, Airbus jets
February 14, 2023 GMTLONDON (AP) — Air India unveiled orders Tuesday for 470 Boeing and Airbus passenger jets as it races to tap surging demand for increasingly affordable air travel from the nation's growing ranks of middle-class consumers.
Boeing plans to cut about 2,000 finance and HR jobs in 2023
February 7, 2023 GMTSEATTLE (AP) — Boeing plans to make staffing cuts in the aerospace company's finance and human resources departments in 2023, with a loss of around 2,000 jobs, the company said.
“We expect about 2,000 reductions primarily in Finance and HR through a combination of attrition and layoffs,” Boeing said in a statement Monday.
Boeing bids farewell to an icon, delivers last 747 jumbo jet
February 1, 2023 GMTSEATTLE (AP) — Boeing bid farewell to an icon on Tuesday, delivering its final 747 jumbo jet as thousands of workers who helped build the planes over the past 55 years looked on.
Since its first flight in 1969, the giant yet graceful 747 has served as a cargo plane, a commercial aircraft capable of carrying nearly 500 passengers, a transport for NASA's space shuttles, and the Air Force One presidential aircraft.
Carrier Emirates test flies Boeing 777 on sustainable fuel
January 31, 2023 GMTDUBAI, United Arab Emirates (AP) — Long-haul carrier Emirates successfully flew a Boeing 777 on a test flight Monday with one of its two engines entirely powered by so-called sustainable aviation fuel.
Boeing will open new assembly line to build 737 Max planes
January 30, 2023 GMTBoeing will add a fourth assembly line to produce more 737 Max aircraft, as it tries to more quickly translate a backlog of orders into cash-generating deliveries of new planes.
The new line will open in the second half of next year, according to a note Monday to employees from Stan Deal, the CEO of Boeing's commercial-planes business.
Intuitive Surgical, Trustmark fall; AT&T, Progressive rise
January 25, 2023 GMTNEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday:
Boeing Co., up 70 cents to $212.68.
The aerospace-defense giant reported a big fourth-quarter loss, but said it is sticking with plans to increase jet production.
Boeing loses $663 million in 4Q despite higher revenue
January 25, 2023 GMTBoeing said Wednesday it lost $663 million in the fourth quarter as higher production costs and supply-chain problems offset rising revenue.
It was another disappointing quarter for the aerospace giant, which has yet to recover from deadly crashes involving two of its 737 Max jets and a pandemic that depressed airline demand for new planes until recently.
Boeing orders rise to 4-year high but still trail Airbus
January 10, 2023 GMTBoeing took more than 200 net orders for passenger airplanes in December to complete its best year since 2018, but it failed again to catch up with European manufacturer Airbus in orders and aircraft deliveries.
US officials criticize Ethiopian report on Boeing Max crash
December 28, 2022 GMTWASHINGTON (AP) — U.S. crash investigators say Ethiopian authorities failed to consider all factors that contributed to a deadly 2019 crash after a key flight-control system malfunctioned on a Boeing 737 Max airplane.
Chinese airline receives first domestic long-range jetliner
December 9, 2022 GMTBEIJING (AP) — A Chinese airline on Friday became the first customer to take delivery of a long-range jetliner produced by a state-owned manufacturer set up to try to compete with Boeing and Airbus, state TV reported.
Boeing’s last 747 to roll out of Washington state factory
December 8, 2022 GMTSEATTLE (AP) — After more than half a century, the last Boeing 747 rolled out of a Washington state factory on Tuesday.
The 747 jumbo jet has taken on numerous roles — a cargo plane, a commercial aircraft capable of carrying nearly 500 passengers, and the Air Force One presidential aircraft — since it debuted in 1969.
Boeing crashes: Passengers’ families deemed crime victims
October 22, 2022 GMTFORT WORTH, Texas (AP) — A federal judge ruled Friday that relatives of people killed in the crashes of two Boeing 737 Max planes are crime victims under federal law and should have been told about private negotiations over a settlement that spared Boeing from criminal prosecution.
Nvidia, Las Vegas Sands fall; Merck, Boeing rise
October 10, 2022 GMTNEW YORK (AP) — Stocks that traded heavily or had substantial price changes Monday:
Las Vegas Sands Corp., down $3.21 to $39.29.
Casino companies with operations in China slipped amid worries about fresh lockdowns and travel restrictions as COVID-19 cases soar.
Boeing, Devon Energy fall; Guidewire, Dollar Tree rise
September 23, 2022 GMTNEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday:
Boeing Co., down $7.45 to $131.26.
The airplane maker will pay $200 million to settle charges that it misled investors about the safety of its 737 Max after two crashes.
Boeing pays $200 million to settle SEC charges over 737 Max
September 22, 2022 GMTBoeing Co. will pay $200 million to settle charges that the company and its former CEO misled investors about the safety of its 737 Max after two of the airliners crashed, killing 346 people.
The Securities and Exchange Commission said Thursday that it charged the aircraft maker and former CEO Dennis Muilenburg with making significant misleading public statements about the plane and an automated flight-control system that was implicated in the crashes in Indonesia and Ethiopia.
UPS order for cargo planes helps boost Boeing’s sales book
September 13, 2022 GMTARLINGTON, Va. (AP) — UPS is delivering for Boeing, helping boost the aircraft maker's August sales numbers with an order for cargo planes.
Boeing said Tuesday that it took orders for 26 planes net last month, with the biggest being a United Parcel Service Inc.
Iowa metal manufacturer settles US government complaint
August 8, 2022 GMTDES MOINES, Iowa (AP) — A southwest Iowa company that makes metal castings used by military contractors in helicopters and other equipment has reached a settlement in a lawsuit alleging the company failed to test the castings and falsely certified test results over seven years.
PerkinElmer, Boeing rise; Royal Caribbean, Aerojet fall
August 1, 2022 GMTNEW YORK (AP) — Stocks that traded heavily or had substantial price changes Monday:
PerkinElmer Inc., up $7.70 to $160.87.
The maker of scientific instruments raised its profit forecast for the year.
Airbus reports lower Q2 profit, trims 2020 production target
July 27, 2022 GMTAirbus said its net income plunged in the second quarter and warned that supply-chain challenges were leading it to scale back production targets for its commercial aircraft.
Airbus said it now expects to deliver 700 aircraft this year, down from a target of 720 aircraft announced in May.
Boeing reports Q2 profit but misses Wall Street expectations
July 27, 2022 GMTBoeing Co. reported a smaller second-quarter profit that fell short of Wall Street expectations as its defense business weakened and it remained unable to deliver any of its 787 Dreamliner planes.
The giant aircraft manufacturer reported a profit of $193 million Wednesday, down 67% from the second quarter of last year, on a 2% drop in revenue.
Boeing: Q2 Earnings Snapshot
July 27, 2022 GMTCHICAGO (AP) _ Boeing Co. (BA) on Wednesday reported second-quarter profit of $193 million.
On a per-share basis, the Chicago-based company said it had net income of 32 cents. Losses, adjusted for non-recurring gains, came to 37 cents per share.
Goldman Sachs, ODP, Boeing rise; Seagen falls
July 18, 2022 GMTNEW YORK (AP) — Stocks that traded heavily or had substantial price changes Monday:
ODP Corp., up $3.81 to $35.32.
Office Depot's owner announced better-than-expected preliminary results, a bullish full-year forecast and a $600 million stock buyback.
Delta places order for 100 Boeing 737 aircraft
July 18, 2022 GMTDelta is ordering 100 737 Max 10 airplanes, the largest of the line produced by Boeing, potentially giving the manufacturer additional momentum after a troubled rollout of its most advanced aircraft.
Today in History: July 15, designer Gianni Versace shot dead
July 15, 2022 GMTToday in History
Today is Friday, July 15, the 196th day of 2022. There are 169 days left in the year.
Boeing sees best month for aircraft deliveries since 2019
July 12, 2022 GMTBoeing said Tuesday that it delivered 51 passenger and cargo planes in June, the aircraft maker's best month for deliveries in more than three years, as airlines saw demand recovering from pandemic lows.
Caterpillar moving its headquarters to Texas from Illinois
June 14, 2022 GMTDEERFIELD, Ill. (AP) — Construction equipment manufacturer Caterpillar said Tuesday it is packing up its headquarters from its longtime home state of Illinois and moving to Texas.
Boeing will move its headquarters to DC area from Chicago
May 6, 2022 GMTBoeing Co. said Thursday it will move its headquarters from Chicago to the Washington, D.C., area, where company executives would be closer to key federal government officials.
The company said it will use its campus in Arlington, Virginia, as its new headquarters, and it plans to develop a research and technology hub in the area.
Airbus posts profit, plans new jet assembly line in Alabama
May 4, 2022 GMTAirbus said Wednesday that its profit in the first three months of 2022 more than tripled to 1.22 billion euros ($1.28 billion), helped by an increase in aircraft deliveries as airlines recover from the worst of the pandemic.
Microsoft, Visa rise; Boeing, F5 fall
April 27, 2022 GMTNEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday:
Boeing Co., down $12.58 to $154.46.
The airplane maker reported a much bigger first-quarter loss than analysts' expected.
Boeing posts $1.2 billion loss in Q1, worse than expected
April 27, 2022 GMTBoeing said Wednesday that it lost $1.2 billion in the first quarter as it took large write-downs and lost money in both its civilian-airplane and defense businesses.
The loss was bigger than Wall Street had forecast, and the company's quarterly revenue also fell short of expectations.
Boeing: Q1 Earnings Snapshot
April 27, 2022 GMTCHICAGO (AP) _ Boeing Co. (BA) on Wednesday reported a loss of $1.22 billion in its first quarter.
The Chicago-based company said it had a loss of $2.06 per share. Losses, adjusted for non-recurring gains, came to $2.75 per share.
Exxon Mobil, Lennox fall; Twitter, PS Business Parks rise
April 25, 2022 GMTNEW YORK (AP) — Stocks that traded heavily or had substantial price changes Monday:
Twitter Inc., up $2.77 to $51.70.
Tesla CEO Elon Musk is buying the social media company for roughly $44 billion.
Former Boeing test pilot found not guilty of deceiving FAA
March 24, 2022 GMTFORT WORTH, Texas (AP) — A former Boeing Co. test pilot was acquitted Wednesday on felony charges of deceiving federal regulators about a key flight-control system that played a role in two deadly crashes involving 737 Max jets.
Boeing ex-pilot’s trial starts on fraud charges over 737 Max
March 19, 2022 GMTFORT WORTH, Texas (AP) — A federal prosecutor said Friday that a former Boeing test pilot lied to regulators about changes to a critical flight-control system on the 737 Max to reduce the cost of pilot training and save the company tens of millions of dollars.
Partners bid to build refueling tankers in Alabama, Georgia
January 31, 2022 GMTATLANTA (AP) — Lockheed Martin Corp. said Monday it would seek to build new aerial refueling tankers for the U.S. Air Force, using Airbus jets assembled in Alabama and converting them for military use in Georgia.
Angi, Elastic fall; KB Home, Delta Air Lines rise
January 13, 2022 GMTStocks that traded heavily or had substantial price changes Thursday:
Taiwan Semiconductor Manufacturing Co., up $6.96 to $139.19.
The chipmaker reported strong fourth-quarter financial results.
Bound for history: Bookbinder preserves, recreates the past
December 25, 2021 GMTERIE, Pa. (AP) — Edward Kranz always had artistic tendencies.
Since he was a kid growing up in Erie, he would draw, paint and play guitar.
Kranz, now 53, is also a skilled tradesman. He worked for years for his father’s construction company, which recently helped Erie-based Amerail Systems tackle exterior renovations at hotels across the country.
Boeing drops COVID-19 requirement for US employees
December 17, 2021 GMTSEATTLE (AP) — Aerospace giant Boeing said Friday it's suspending a company vaccination requirement for all U.S.-based employees.
The Seattle Times reports the company adopted a COVID-19 vaccine mandate in October to ensure compliance with the federal executive order that required all employees of federal contractors to be vaccinated.
China clears Boeing 737 Max to fly again
December 2, 2021 GMTBEIJING (AP) — China’s aviation regulator cleared the Boeing 737 Max on Thursday to return to flying with technical upgrades more than two years after the plane was grounded worldwide following two fatal crashes.
Akasa Air buys engines worth $4.5 billion for new 737 Maxs
November 17, 2021 GMTDUBAI, United Arab Emirates (AP) — India's startup Akasa Air announced on Wednesday it had chosen CFM International's LEAP-1B turbofan engines to power its newly bought Boeing 737 Max jets, a deal valued at some $4.5 billion.
Emirates says IPO a possibility for famed long-haul carrier
November 17, 2021 GMTDUBAI, United Arab Emirates (AP) — The president of long-haul carrier Emirates said Tuesday that an initial public offering of stock in the Dubai-based airline could happen as the city-state tries to boost its local financial market, while promising that its fleet of iconic double-decker jumbo jets would soon ply the skies again.
Boeing agrees to settle with Ethiopia 737 Max crash victims
November 11, 2021 GMTNEW YORK (AP) — Boeing has reached an agreement with the families of the victims of a March 2019 crash in Ethiopia of one of its 737-Max aircraft that claimed 157 lives.
In the agreement, Boeing accepted responsibility for Ethiopian Airways flight 302 losing control shortly after takeoff from Addis Ababa Bole International Airport.
Boeing posts Q3 loss as problems dog airliner, space capsule
October 27, 2021 GMTBoeing Co. reported a third-quarter loss on Wednesday, as it struggled to fix problems with its 787 Dreamliner airline plane and a space capsule designed to ferry astronauts to the international space station.
UnitedHealth, Bank of America rise; Occidental, Boeing fall
October 14, 2021 GMTNEW YORK (AP) — Stocks that traded heavily or had substantial price changes Thursday:
UnitedHealth Group Inc., up $16.81 to $420.36.
The health insurer raised its profit forecast for the year after reporting strong third-quarter financial results.
Boeing tells workers they must get COVID-19 vaccine
October 13, 2021 GMTSEATTLE (AP) — The Boeing Co. has told employees they must be vaccinated against COVID-19 or possibly be fired.
The Seattle Times reports the deadline for workers at the aerospace giant is Dec.
Boeing to build Navy aircraft at MidAmerica, invest $200M
September 17, 2021 GMTSPRINGFIELD, Ill. (AP) — Chicago-based aerospace giant Boeing Co. will invest $200 million to begin manufacturing the U.S. Navy's latest unmanned aircraft at MidAmerica St. Louis Airport in a project that could add at least 150 jobs on the company's southwest Illinois campus, officials said Friday.
Boeing knocks out a profit for the first time since 2019
July 28, 2021 GMTBoeing reported its first quarterly profit since 2019 and its revenue topped expectations as the giant aircraft maker tries to dig out from the most difficult stretch in its history.
Boeing earned $567 million in the second quarter, compared with a $2.4 billion loss a year ago.
Today in History
July 15, 2021 GMTToday in History
Today is Thursday, July 15, the 196th day of 2021. There are 169 days left in the year.
Boeing cuts production on the 787 to address flaw
July 13, 2021 GMTBoeing will cut production of its large 787 airliner for several weeks after discovering a new structural flaw in some planes that have been built but not delivered to airline customers.
The aircraft maker said Tuesday that it now anticipates that it will deliver less than half of the 787s remaining in its inventory this year.
PepsiCo, Nokia rise; Boeing, Conagra fall
July 13, 2021 GMTNEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday:
PepsiCo Inc., up $3.45 to $152.96.
The food and beverage company beat Wall Street's second-quarter profit and revenue forecasts.
Alector, Virgin Galactic rise; Arrowhead, Boeing fall
July 2, 2021 GMTStocks that traded heavily or had substantial price changes Friday:
Alector Inc., up $12.80 to $35.21.
The biotechnology company is collaborating with GlaxoSmithKline to develop treatments for diseases including Parkinson’s disease and Alzheimer’s disease.
Etsy, Intellia rise; Carnival, Exelixis fall
June 28, 2021 GMTNEW YORK (AP) — Stocks that traded heavily or had substantial price changes Monday:
Boeing Co., down $8.42 to $239.96.
The airplane maker reportedly faces more delays with FAA certification of its 777X aircraft.
Yemen rebels claim downing of US-made drones, US denies it
June 23, 2021 GMTDUBAI, United Arab Emirates (AP) — Yemen's Houthi rebels claimed they brought down two U.S.-made drones this week over central Marib province, the scene of heavy fighting between the Iran-backed rebels and forces loyal to the internationally recognized government.
Boeing posts 1Q loss, takes a hit on Air Force One work
April 28, 2021 GMTBoeing Co. reported a wider than expected first-quarter loss on Wednesday and took another charge on its program to build two new Air Force One presidential planes after firing a contractor it hired to help perform the work...
Another executive departs as Boeing tries to correct course
December 27, 2019 GMTA close adviser to Boeing's ousted CEO will also leave the company.
Mike Luttig was Boeing's general counsel from 2006 until this spring.
Shortly after the crash of a second Boeing 737 Max, the companies premiere aircraft, he was assigned to head the company's legal strategy and to advise the board.
3 Chinese airlines seeking Boeing compensation over 737 Max
May 22, 2019 GMTBEIJING (AP) — China is stepping up pressure on Boeing Co. as its airlines demand compensation for the grounding of 737 Max jetliners after fatal crashes in Ethiopia and Indonesia.
Two of three major state-owned carriers — Air China Ltd.
Ethiopian Airlines says pilots got appropriate training
March 25, 2019 GMTADDIS ABABA, Ethiopia (AP) — Ethiopian Airlines' CEO says the pilots who flew the plane that crashed on March 10 had trained on "all appropriate simulators," rejecting reports that they had not been adequately prepared to handle the new aircraft...
FAA’s close ties to Boeing questioned after 2 deadly crashes
March 15, 2019 GMTFor more than six decades, the Federal Aviation Administration has relied on employees of airplane manufacturers to do government-required CHICAGO (AP) — Shareholders of Brazilian aircraft maker Embraer have overwhelmingly approved spinning off the company's commercial-airplane unit into a joint venture dominated by Boeing Co...Embraer shareholders approve jet joint venture with Boeing
February 26, 2019 GMT
As demand soars, Boeing contemplates new plane
January 30, 2019 GMTDALLAS (AP) — Boeing, flying high on strong demand for airliners and military planes, faces a difficult decision over whether to develop a new plane to fill in a gap in its lineup...
Aerospace giant plans new digs in Boston area
August 1, 2018 GMTCAMBRIDGE, Mass. (AP) — An aerospace manufacturing giant has decided to expand its presence in Massachusetts...
Trump says Air Force One to get red, white and blue makeover
July 18, 2018 GMTWASHINGTON (AP) — President Donald Trump says Air Force One is getting a patriotic makeover.
Trump says the familiar baby blue color on the presidential aircraft will give way to a red, white and blue color scheme...
Boeing and Embraer attempt a joint venture
July 5, 2018 GMTBoeing and Brazilian jet maker Embraer have agreed to form a joint venture that would push the U.S...
Airplane and oil deals at risk in Trump pullout of Iran deal
May 6, 2018 GMTDUBAI, United Arab Emirates (AP) — From airplanes to oilfields, billions of dollars are on the line for international corporations as President Donald Trump weighs whether to pull America out of Iran's nuclear deal with world powers...
Drones to cloud computing: AP exposes Russian wish list
February 8, 2018 GMTWASHINGTON (AP) — Russian cyberspies pursuing the secrets of military drones and other sensitive U...
AP: ‘Fancy Bear’ hackers took aim at US defense contractors
February 7, 2018 GMTWASHINGTON (AP) — Russian hackers exploited a key vulnerability in U.S. cyber defenses to come within reach of stealing some of the nation's most secret and advanced defense technology, an Associated Press investigation has found...
Russian hackers hunt hi-tech secrets, exploiting US weakness
February 7, 2018 GMTWASHINGTON (AP) — Russian cyberspies pursuing the secrets of military drones and other sensitive U...
A year after Dow 20,000, stocks keep setting records
January 25, 2018 GMTThe Dow Jones industrial average busted through the 20,000 point mark a year ago Thursday, and the century-old index has continued to set records since then, going faster and farther than most experts expected...
A dashing Dash-10 debuts while another North Charleston built Boeing 787-10 readies for Dubai
October 13, 2017 GMTThe first 787-10 Dreamliner built for an airline customer has rolled out of Boeing Co.'s paint hangar in North Charleston sporting a spiffy new look.
Less than two weeks after the plane's final assembly was completed, the aerospace giant showed off the wide-body's new Singapore Airlines livery on Boeing South Carolina's social media sites.
Owners of popular, tiny Holy Spirit Espresso downtown plan to retire
April 25, 2017 GMTAfter 25 years of selling coffee in Santa Fe and 11 years on W. San Francisco Street, Bill Deutsch says the end of his ownership of Holy Spirit Espresso is near.
He and his wife, Helen, are putting the business up for sale and plan to be out by Oct.