Boeing Co. has successfully raised around $21 billion through an expanded share sale, marking one of the largest offerings by a public company. This move is aimed at strengthening its financial position amid concerns of a potential credit rating downgrade to junk status.
Boeing Co. has announced a massive nearly $19 billion share sale, marking one of the largest by a public company. This move aims to tackle the company’s urgent liquidity issues and avoid a potential downgrade to junk status for its credit rating.
 "Boeing faces massive temporary furloughs amid a strike by 33,000 workers demanding a 40% pay raise over escalating tensions.")
Boeing is facing significant challenges as CEO Kelly Ortberg announced plans to furlough a large number of employees amid an ongoing strike by union machinists. The strike, which began last week, involves around 33,000 factory workers in the Pacific Northwest who rejected a pay raise proposal. Instead of the offered 25 percent increase over four ...
Boeing shareholders expressed their disapproval towards chief executive Dave Calhoun in a recent meeting, citing concerns over the company’s performance and decision-making. Shareholders communicated their frustration with Calhoun’s leadership, calling for a change in direction to improve the aerospace company’s profitability and reputation in the industry. This backlash serves as a wake-up call for Boeing’s ...
Today’s Current Affairs: Boeing Starliner’s launch faces yet another delay as a propulsion system issue surfaces, raising concerns about the spacecraft’s readiness. With hopes pinned on a successful liftoff on May 21 from Cape Canaveral, Florida, the mission, carrying NASA astronauts Sunita Williams and Butch Wilmore, marks a crucial step in Boeing’s long-standing efforts to ...
