What's Going On With Boeing Stock? Boeing Stock Faces Strike Turbulence As Potential Credit Downgrade Looms
Boeing Chief Operating Officer Stephanie Pope said the company is considering selling $10 billion of new stock to offset the cash hemorrhage. With S&P Global and Moody's reviewing Boeing's credit rating,
Boeing stock falls amid breakdown in union talks, risk of credit rating downgrade
Boeing stock opened lower as talks broke down with its biggest union amid a strike. The company is now at risk of a junk bond rating.
S&P Places Boeing's Rating on CreditWatch Negative as Strike Drags On
Last month, all three major ratings agencies including S&P had warned that a prolonged strike at Boeing's factories in the U.S. West Coast may lead to a ratings downgrade, a heada
Boeing Withdraws Offer To Strikers; S&P Global Warns of Debt Downgrade
Key Takeaways Boeing withdrew its contract offer to striking machinists after the union rejected it.S&P Global warned that the strike is negatively affecting the plane maker's financial position, and it may downgrade Boeing's debt if it continues.
Boeing faces S&P junk rating threat amid strike and cash burn
Boeing Co. is on the verge of a significant financial setback as S&P Global Ratings considers downgrading the company’s credit rating to junk status. This looming downgrade is driven by Boeing’s escalating cash requirements and the prolonged strike by machinists that has severely impacted the company’s production capabilities.
Boeing and Workers Dig In for a Long Fight, Despite Strike’s Cost
The aerospace manufacturer withdrew its latest offer to a union whose more than 33,000 members went on strike last month, and ...
Talks between Boeing and the machinists union break down as strike nears the one-month mark
Boeing and the union that represents 33,000 striking employees at the company say talks between the two have broken down and ...
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Boeing suspends talks with striking union, revokes pay deal
The last round of talks between Boeing and the IAM ended in a deadlock with no resolution to the ongoing strike.
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Boeing pulls pay proposal following failed union negotiations
An email sent to Boeing employees in Washington state and Oregon by the chief operating officer provided an update on strike ...
Boeing Scrambles for Cash and Halts Strike Talks
The company pulls an offer to striking workers as its financial woes mount and its planes get another safety warning.
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Boeing employees express discontent with new tentative contract, threaten to strike
Boeing Commercial Airlines President and CEO Stephanie Pope spoke directly to union members in a recorded message, touting the benefits of this agreement and urged them to approve it. In that ...
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Machinists protest union's tentative deal with Boeing
On Sunday, Boeing's President of Commercial Airplanes, Stephanie Pope, released a video statement touting the tentative agreement. "We've heard what's important to you for the new contract and we ...
One Year In, Amy Pope’s Plan To Reshape The Conversation on Migration
When Amy Pope became director of the International Organization for Migration (IOM) one year ago, she took an unconventional ...
Pope Francis Shares Adorable Moment with Luxembourg Prince
Pope Francis paid a visit to Luxembourg where he was hosted by the country's royal family. Prince Francois, aged 1 and third in line to the throne, ran around happily as the Pope met his family. He ...
PHOTO COLLECTION: Religion Pope Francis Visits Luxembourg
Pope Francis and Archbishop of Luxembourg, Cardinal Jean-Claude Hollerich, right, tour Place de Metz in Luxembourg on the ...