Boeing stock rallies 6% on plane progress after $11.8-billion annual loss
Boeing said it was making progress on increasing plane production, despite the company recording its biggest annual loss in four years.
Boeing said it was making progress on increasing plane production, despite the company recording its biggest annual loss in four years.
On Wednesday, Boeing’s CEO announced that the company will begin furloughing “a large number” of employees to limit spending during the strike by union machinists that began just a week ago.
Boeing employees walked off the job site at Boeing Factories near Seattle on Friday morning after union members voted to go on strike and reject a tentative contract that would have increased wages by 25% over a four-year span.
Drivers for Uber, Lyft and delivery workers for DoorDash were staging a strike seeking fair pay and better treatment.
Elon Musk denied a report that his rocket company SpaceX was discussing an IPO for its satellite internet business, Starlink.