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The Latest Breaking News from Brian West

Boeing’s turnaround gains traction with strong Q2 ahead of CFO change

CFO Brian West concluded his final earnings call as his successor begins in August.

Fortune

Boeing’s CFO change signals urgent focus on company’s recovery

Outgoing CFO Brian West operated in crisis mode, securing financing and managing Boeing’s credit, says a Morningstar analyst.

Fortune

Why Boeing's new CFO Jay Malave is 'critical' to a turnaround

Malave was most recently CFO of Lockheed Martin.

Fortune

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Who Is Jay Malave? Key Facts About Boeing's New CFO And His Journey From Investigating Equal Employment Opportunity Cases To Aerospace Leadership

On Monday, Jesus "Jay" Malave was officially announced as Boeing Co.’s (NYSE:BA) incoming Chief Financial Officer, succeeding Brian West.

Benzinga

Boeing doesn't expect the US trade war with China to slow its recovery

Boeing CEO Kelly Ortberg says he doesn’t expect the U.S. trade war with China to get in the way of its its financial recovery and aircraft delivery targets even though Chinese airlines are refusing to accept the company’s planes

The Independent UK

Boeing Stock Rockets, Suppliers Rally, On Deliveries Affirmation

Boeing stock is on track for its best gain since July 2023. The Dow Jones firm provided an update on Q1 performance, deliveries.

Investors Business Daily

Boeing lines up $35 billion in liquidity amid strike, layoffs

The company could issue $25 billion in shares or debt and also revealed a new $10 billion credit agreement with major lenders.

Fortune

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Boeing, Union Resume Talks As Strike Empties Seattle Plants

Negotiators from Boeing and the machinists union representing its workers resumed talks Tuesday after some 33,000 employees went on strike late last week, effectively shutting down two Seattle-area factories.

International Business Times

'A death spiral of its own making': Boeing halts hiring, raises, and non-essential travel after thousands of workers walk off the job

No word on whether that means the CEO's private jet is still allowed.

Fortune

Boeing Mulls Temporary Furloughs As It Cut Costs Amid Strike, Credit Rating Woes

Due to a labor dispute, Boeing places travel limits, hiring freezes, and furloughs since its credit rating is at risk after $33 billion in losses since 2019.

International Business Times

Boeing’s CFO wants to cut costs but it could be a risky maneuver

The company has a major new dilemma on its hands.

Fortune

Boeing, Union To Resume Talks As Strike Quiets Seattle Plants

Negotiators from Boeing and the machinists union are scheduled to resume talks Tuesday after some 33,000 workers went on strike late last week.

International Business Times

Boeing says it's considering temporary layoffs to save cash during the strike by machinists

Boeing says it’s considering temporary layoffs to save cash during the strike by machinists

The Independent UK

Stock Market Today: Stocks Erase Nvidia-Inspired Gains

In addition to disclosing blowout first-quarter results, Nvidia said it is splitting its stock and hiking its dividend.

Kiplinger

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International Business Times

Boeing Shares Tumble As Company Lowers 2024 Cash Forecast

Boeing shares were hammered Thursday after a top company official predicted another quarter of meager plane deliveries, likely resulting in negative cash for all of 2024.

WEKU

Another Boeing whistleblower says he faced retaliation for reporting 'shortcuts'

This week brought more damaging allegations about Boeing as an engineer accused the company of taking production "shortcuts." He joins a growing list of whistleblowers who say they faced retaliation.

Zenger

Boeing CEO David Calhoun Still Prefers To Work From Home

The exec operates from his two homes — a waterfront mansion in New Hampshire and another in a South Carolina gated community.

Fortune

Boeing is letting top execs work in small offices near their homes and commute by private jet rather than relocate to new HQ

Top brass at the aerospace giants are seemingly given special treatment when it comes to any return-to-office policy.

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Tribune News Service

After 4 tough years, can Boeing break through the clouds?

After a glitch in February, Boeing is finally delivering again its two most important jets, the 737 MAX and the long-haul 787 Dreamliner.

Tribune News Service

Boeing to slash about 2,000 white-collar jobs in finance and HR

At the end of last month, on the same day that Boeing touted plans to hire 10,000 people this year, senior leadership convened virtual meetings internally to break bad news to nonunion staff in human resources and finance.

WEKU

Environmentalists and Ky. AG want to pump the brakes on a massive crypto mining facility. Why?

Tribune News Service

Pitching investors, Boeing projects short-term pain, then stability

Boeing on Wednesday lowered Wall Street expectations on jet deliveries and the cash Boeing will generate in the next couple of years while offering hope of a full recovery in three to four years.

Tribune News Service

Boeing to resell some 737 Maxes built for Chinese airlines

Boeing's top executives said Thursday they will begin to resell some of the 737 Maxes built for Chinese airlines, a signal of impatience with the protracted closure of the Chinese aviation market.

Bangkok Post

Boeing Supply Chain Snarls 737 MAX Production, Deliveries

Supply-chain snags led Boeing Co. to recently pause 737 MAX production for about 10 days, people familiar with the matter said, complicating the plane maker's ability to satisfy airlines' demand for new aircraft.

Tribune News Service

Boeing’s top Chinese customer removes 737 Max from fleet plans

Boeing Co.’s biggest airline customer in China has removed more than 100 of the US manufacturer’s 737 Max jets from its fleet plans, citing uncertainty over deliveries.

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