‘Sweetheart Deal:’ Boeing Faces $243M Fine After Agreeing to Plead Guilty to Criminal Fraud in 737 Max Crash Case
Boeing has reportedly agreed to plead guilty to criminal fraud charges related to the deadly 737 Max crashes, a move that will brand the aerospace giant a felon but avoid a trial. The company is likely to be fined $243 million, a tiny fraction of the company’s $78 billion in annual revenue, and victims’ lawyers […]
Tesla, Corning, Morphic, Boeing, Intel, Paramount, ServiceNow, SolarEdge, and More Movers – Barron's
Tesla rose 2.6% to $258.14 after dropping early in trading. If the electric car maker’s shares close higher, it will mark its ninth consecutive trading day of gains. The stock turned positive last week and is up 3.5% so far this year. Al Root Barons The company noted that the recent rise in the stock’s […]
Boeing agrees to plead guilty to criminal fraud over fatal 737 MAX crashes: DOJ
The Department of Justice reported Sunday night that Boeing plans to plead guilty to criminal fraud stemming from two 737 Max crashes in 2018 and 2019 that killed 346 people. Associated Press report. Boeing was accused of violating a 2021 deferred prosecution agreement with the Department of Justice that protected the company from criminal prosecution […]
Boeing accepts a plea deal to avoid a criminal trial over 737 Max crashes, Justice Department says
The Department of Justice announced Sunday night that Boeing Co. will plead guilty to fraud charges stemming from the two fatal crashes of its 737 Max jetliner, after the government determined the company violated an agreement that had given it immunity from prosecution for more than three years. Federal prosecutors this week gave Boeing the […]
Not An Everything Rally: 2024's Worst S&P 500 Stocks So Far From Boeing To Intel – Forbes
Top Line Several big names, including a local staple, the world’s most valuable seller of yoga pants, the semiconductor chip industry’s oldest company and the largest U.S. aircraft manufacturer, were somberly watching the stock market’s historic rally in 2024. Investment returns were relatively grim. Considering rival Nvidia and other silicon companies, Intel is perhaps the […]
Video Shows Man Stuck In Overhead Bin After Boeing Flight Suffers Severe Turbulence
TMZ reports that severe turbulence occurred during a flight from Madrid to Montevideo, Uruguay on Monday, injuring several passengers and trapping one man in an overhead bin. A transatlantic flight turned into a nightmare for passengers on Air Europa flight UX045 from Madrid to Montevideo, Uruguay, when the plane encountered severe turbulence, causing confusion and […]
DOJ to offer Boeing plea agreement amid potential fraud charges — crash victims’ families slam ‘sweetheart’ deal
The Justice Department is preparing to propose a plea deal that would require Boeing to plead guilty to conspiring to defraud the Federal Aviation Administration in connection with two 737 Max crashes in 2018 and 2019 that killed 346 people. Reuters report. The Justice Department is alleging that Boeing violated a 2021 deferred prosecution agreement […]
Boeing acquiring supplier Spirit AeroSystems for $4.7B
Boeing said Monday it plans to buy Spirit AeroSystems, a supplier it spun off from a subsidiary decades ago, in an all-stock deal for $4.7 billion. Boeing has outsourced some manufacturing processes to Spirit for years, but the move gives the company increased oversight and control over its manufacturing process amid ongoing scrutiny from federal […]
Boeing agrees to buy Spirit AeroSystems for $4.7B to address safety concerns
A briefing was held in Renton, Washington, on Tuesday in which details of the supplier’s “deficiencies” were outlined. Boeing on Monday announced a deal to acquire Spirit AeroSystems for $4.7 billion, aiming to address and resolve recent safety concerns. Boeing said in a news release that it will pay $37.25 a share to acquire Spirit […]
Boeing to buy supplier Spirit AeroSystems in $4.7bn deal | Boeing
Boeing has agreed to buy a parts supplier it sold nearly 20 years ago for $4.7bn (£3.7bn) as it seeks to improve safety on its production lines after a panel blew off on an Alaska Airlines plane in flight earlier this year. The under-pressure U.S. aircraft maker is buying Spirit AeroSystems, a supplier of fuselage […]