Stocks making the biggest moves midday: Nvidia, Boeing, Snap, Tyson Foods and more – CNBC
Check out the companies that are trending in intraday trading. Nvidia — The chipmaker rose 4% to a record high after Goldman Sachs raised its price target to $800 per share from $625. Catalent , Novo Nordisk — The contract drug maker rose about 10% on the back of an agreement to be acquired by […]
‘Serious safety lapses’: Boeing shareholders sue following in-flight panel blowout
Submitted by Boeing shareholders lawsuit It filed a lawsuit against the airline on Tuesday over possible “serious safety deficiencies” and “inadequate quality control” measures in the wake of recent in-flight panel explosions. new york post report. Shareholders who proposed the class action suit accused Boeing of putting profits ahead of passenger safety, ultimately causing the […]
Boeing: Problem with 737 fuselages may delay deliveries
A problem with the fuselage of Boeing 737 planes could delay near-term deliveries of about 50 planes, the airline said on Sunday. in letter Boeing Commercial Airplanes CEO Stan Diehl told employees that an employee at one of Boeing’s suppliers told him that two holes in the plane’s fuselage were not drilled exactly as the […]
Boeing finds more issues on about 50 undelivered 737 MAX planes
Boeing’s suppliers have notified the embattled company that they have discovered holes accidentally drilled in the fuselages of about 50 undelivered 737 MAX planes. Boeing announced on Sunday that additional work would need to be done on the plane after supplier Spirit AeroSystems discovered two holes in some of the fuselage holes were erroneously drilled. […]
Boeing may delay more 737 Max deliveries after new production glitch found | Boeing
Boeing Co. has to postpone deliveries of more of its best-selling 737 Max planes after suppliers discovered new manufacturing defects, putting pressure on the beleaguered U.S. manufacturer is increasing further. According to Reuters, the aircraft manufacturer will have to work on about 50 undelivered planes after supplier Spirit AeroSystems discovered two holes had been drilled […]
Boeing shareholders sue after midair Max 9 blowout
Shareholders are suing Boeing, accusing the company of misleading them about possible “material safety deficiencies,” according to court filings. The lawsuit is Submitted on Tuesday The lawsuit in the U.S. District Court for the Eastern District of Virginia was brought against Boeing Co. in the wake of last month’s mid-air explosion that blew off the […]
Boeing CEO says company has ‘much to prove’
Aviation expert Peter Rehm discussed reports on the Evening Edit that an Alaska Airlines jet was missing several bolts when it left a Boeing factory. Boeing President and CEO Dave Calhoun said Wednesday that the company is working to restore confidence after a door plug panel flew off one of its 737 Max 9 planes […]
Boeing sued by shareholders following mid-air MAX 9 blowout
Boeing (BA.N) has prioritized profits over safety and misunderstood its commitment to building safe aircraft ahead of the Jan. 5 mid-air cabin panel explosion on an Alaska Airlines 737 MAX 9. A lawsuit has been filed by shareholders for allegedly giving A proposed class action lawsuit filed Tuesday says Boeing has spent more than four […]
Ex-senior Boeing manager warns flyers to avoid 737 Max 9 jets
Former senior Boeing Co. managers and engineers have issued a stunning warning to flyers to avoid the airline giant’s troubled 737 Max 9 planes as they take to the skies again. “I would never fly in a Max plane,” Ed Pearson, a former Boeing senior manager, said candidly. told the Los Angeles Times A model […]
Boeing declines to predict 2024 results amid 737 Max 9 uncertainty
Boeing declined to provide a forecast for 2024 amid uncertainty and the fallout from the grounding of the 737 Max 9, which saw the plane’s door panels blown off earlier this month. “While we often share updates on our financial and operational goals around this time each year, now is not the time,” said CEO […]