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    • Boeing

    Boeing shares are sliding as the company plans to cut 17,000 jobs and delay aircraft deliveries due to labor strikes
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    Boeing shares are sliding as the company plans to cut 17,000 jobs and delay aircraft deliveries due to labor strikes

    Boeing (BA) shares fell 2% in after-hours trading on Friday as the company said it would cut its workforce by 10%, or about 17,000 jobs, and suspend the first delivery of its 777X jet due to an ongoing labor strike…

    Posted on Kathleen William
    Boeing will cut 10% of its workforce as the company posts big losses in the third quarter
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    Boeing will cut 10% of its workforce as the company posts big losses in the third quarter

    Text size Boeing said Friday it would cut 10 percent of its workforce as the company expects a steep third-quarter loss due to a machinists' strike in the Seattle area. The aviation giant must “adjust our workforce levels to align…

    Posted on Kathleen William
    Boeing will cut 17,000 jobs and delay deliveries of the first 777X as the strike hurts finances
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    Boeing will cut 17,000 jobs and delay deliveries of the first 777X as the strike hurts finances

    By Allison Lampert, David Shepardson (Reuters) – Boeing will cut 17,000 jobs, delay initial deliveries of its 777X jet by a year and post $5 billion in third-quarter losses as the U.S. plane maker remains reeling during a month-long strike…

    Posted on Kathleen William
    Boeing says it will cut 10% of its workforce, or about 17,000 employees
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    Boeing says it will cut 10% of its workforce, or about 17,000 employees

    33,000 Boeing workers strike for higher wages 33,000 Boeing workers strike for higher wages 02:08 Boeing said Friday it would cut 10% of its workforce, or about 17,000 employees. CEO Kelly Ortberg announced the layoffs in a memo Friday, writing…

    Posted on Kathleen William
    Boeing (BA) Suffers Bigger Decline Than Overall Market: Key Takeaways
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    Boeing (BA) Suffers Bigger Decline Than Overall Market: Key Takeaways

    Boeing (BA) closed the most recent trading day at $146.62, marking a change of -1.84% from the end of the previous session. The stock's performance lagged the S&P 500's daily loss of 0.21%. Elsewhere, the Dow fell 0.14%, while the…

    Posted on Kathleen William
    Boeing could sell billion in new shares to raise cash
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    Boeing could sell $10 billion in new shares to raise cash

    photo: Dominika Zarzycka/NurPhoto (Getty Images) In this story Boeing (B.A) is considering selling new shares to improve its balance sheet. AT&T is selling its stake in DirecTV Bloomberg reports that the Virginia-based aerospace giant did so, citing unnamed sources familiar…

    Posted on Kathleen William

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