Tag Archives: Boeing

[unable to retrieve full-text content]Boeing stock slides after tumultuous quarter headlined by 737 Max crisis  Yahoo Finance Source link

(Reuters) -The Federal Aviation Administration’s (FAA) audit of Boeing’s 737 MAX production process after a panel blew off on an Alaska Airlines jet in January failed 33 of 89 tests, the New York Times reported on Monday. In the wide-ranging investigation, Boeing failed a check which dealt with the component that blew off the jet, known as a door plug, the report said, citing an FAA presentation viewed by NYT. Supplier Spirit AeroSystems, which makes the fuselage for the MAX, passed six of 13… Source link

(Reuters) -Delta Air Lines Inc anticipates that the deliveries of the Boeing 737 Max 10 aircraft to the airline could be delayed until as late as 2027, Bloomberg News reported on Sunday, citing an interview with the company CEO Ed Bastian. Boeing has faced increased scrutiny following a Jan. 5 incident in which a door plug blew off a 737 Max 9 plane mid-flight, sparking fresh concerns about the certification of the already delayed MAX 10 model. The 737-10, Boeing’s largest Max plane with a… Source link

The People’s Bank of China has cut reserve requirements for banks as Chinese officials seek to boost its economy and markets. Alibaba (BABA) Co-Founders Jack Ma and Joe Tsai reportedly acquire up to $200 million in shares. Yahoo Finance Live co-hosts Akiko Fujita and Rachelle Akuffo break down these headlines coming out China, while also taking a look at Boeing (BA) CEO David Calhoun’s meeting with US lawmakers this week to address safety and manufacturing concerns. For more expert insight and… Source link

Small caps have been all the rage on Wall Street over the past two months. In fact, according to Bank of America’s latest fund managers survey, investors haven’t been this bullish on small caps in almost three years. The survey conducted from Jan. 5-11 revealed investors see large-cap companies underperforming small-cap companies in the next 12 months for the first time since June 2021. A chart from Bank of America shows sentiment around large caps outperforming small caps has deteriorated in… Source link

Federal officials on Saturday ordered the immediate grounding of Boeing 737 Max 9 jetliners until they are inspected after an Alaska Airlines plane suffered a blowout that left a gaping hole in the side of the fuselage. The required inspections take around four to eight hours per aircraft and affect about 171 airplanes worldwide. As of Saturday morning, inspections on more than a quarter of the fleet were complete “with no concerning findings,” the company said. “Aircraft will return to… Source link

Boeing could be poised to see a big financial boost as it regains the authority to deliver 787 jets. Morgan Stanley Analyst Kristine Liwag estimated that Boeing may realize $17 billion in sales from the 120 787 airplanes it currently has in inventory waiting for delivery. “This is a major milestone for the business and unlocks another lever of free cash flow generation,” Liwag wrote in a new note to clients, describing the development as a “positive catalyst” for the stock. Liwag predicted that… Source link

Boeing engineers huddle over a computer to work on an aircraft design. (Boeing Photo / Bob Ferguson) The billion-dollar competition to provide Boeing with cloud computing services is finished, and the winner is … a three-way split. Amazon Web Services, Google Cloud and Microsoft are all getting a share of the business, Boeing announced today. In a LinkedIn post, Susan Doniz, Boeing’s chief information officer and senior VP for information technology and data… Source link

This weekend’s Barron’s cover story takes a close look at what it will take to fix Boeing. Other featured articles discuss reliable growth stocks, whether inflation is different this time and who has the early lead in the metaverse. Also, see the prospects for a COVID-19 vaccine maker, a real estate investment trust, a video game leader, a fast-food chain and more. “Boeing’s Fix-It Job: How the Company Can Win the Future” by Al Root explores why shares in Boeing Co (NYSE: BA), the world’s… Source link

Stocks were mixed Wednesday, with each of the three major indexes trading close to the flat line as investors digested an onslaught of corporate earnings results and looked ahead to a monetary policy decision from the Federal Reserve.  The S&P 500 ticked higher, after the index ended just short of a record high during the regular trading day on Tuesday. Shares of Alphabet (GOOGL) gained after the company posted first-quarter sales and profit that easily exceeded estimates, fueled by a… Source link