Stocks, recession, Fed, jobs, Boeing, Chevron
“The Craman Countdown” panelists Thomas Hayes and Nick Timilaos assess the current state of the U.S. economy. Weak job growth, manufacturing data send stocks plummeting Dow and S&P 500 fall sharply for the week, Nasdaq headed for correction Recession forecaster lights up, spooking Wall Street Fed Chairman Jerome Powell raises hopes for September rate cut […]
Boeing taps Kelly Ortberg as CEO after midair blowout fiasco
Boeing announced Wednesday that it had named Robert “Kelly” Ortberg to succeed outgoing CEO Dave Calhoun after a months-long search as the company struggles to recover from several safety crises, including a door panel exploding in mid-air. Ortberg, a veteran aerospace industry veteran, faces numerous challenges, including reviving jet production and rebuilding trust with regulators, […]
Boeing names new CEO as company continues to face scrutiny, revenue loss
Boeing Co. has named aerospace industry veteran Robert “Kelly” Ortberg as its next president and CEO as the company seeks to recover from intense scrutiny following a series of high-profile accidents. Ortberg will take over as CEO of the aerospace company on Aug. 8, following Dave Calhoun’s decision to step down as CEO. Announced Wednesday. […]
No return date for Nasa astronauts amid problems with Boeing Starliner capsule | Space
The two NASA astronauts aboard Boeing’s Starliner spacecraft will remain aboard the International Space Station, but a formal return date has not yet been determined, NASA and Boeing officials said Thursday morning as engineers continue to investigate a technical issue with the spacecraft. Test pilots Butch Wilmore and Sunita Williams first departed for the space […]
Boeing, DOJ finalize plea agreement
Boeing said that if a plea deal with the Justice Department is approved, it would plead guilty to conspiracy and pay a fine of about $250 million. Court filings It was released on Wednesday. The proposed settlement would close a years-long investigation into two crashes of the company’s Max jets in 2018 and 2019. Federal […]
Astronauts stuck in space for 49 days by malfunctioning Boeing spacecraft can’t return home for weeks
The two astronauts who have been trapped on the International Space Station for 49 days after the Boeing Starliner suffered a helium leak following its first manned launch have yet to be scheduled for return, officials said. Astronauts Butch Wilmore and Suni Williams were scheduled to spend just eight days in space. But the spacecraft […]
Boeing Agrees To $244M Fine, Enters Plea Deal Over 737 MAX Crashes
Reuters reported on Wednesday that Boeing will pay a $243.6 million fine to settle fraud conspiracy charges. Boeing has agreed to plead guilty to fraud conspiracy charges, according to recent court filings. according to According to Reuters, the case comes after aerospace giant Boeing was accused of misleading the Federal Aviation Administration (FAA) about the […]
US finalizes details of Boeing 737 MAX guilty plea deal
The Justice Department announced that aircraft maker Boeing has agreed to plead guilty to fraud conspiracy charges and pay a $243.6 million penalty for violating a 2021 deferred prosecution agreement, according to a court filing on Wednesday. Boeing agreed to plead guilty in principle to conspiring to defraud the Federal Aviation Administration on July 7 […]
Boeing ‘fighting through challenges’ that have delayed new Air Force One planes
BofA Senior Aerospace and Defense Analyst Ron Epstein discusses on The Big Money Show whether it’s time to separate Boeing’s civilian and defense businesses. The head of aerospace giant Boeing’s defense division said Sunday the company is still battling problems that are delaying construction of two new aircraft. Air Force One The presidential plane. Boeing […]
Can the Boeing Starliner bring back its astronauts and its reputation?
The first manned flight of the Boeing Starliner to the International Space Station was scheduled to last just eight days. Starliner launched from Kennedy Space Center on June 5th with astronauts Butch Wilmore and Suni Williams on board, and docked with the ISS after a helium leak and thruster trouble. Nearly a month and a […]