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Boeing: 'The 737 Is a Safe Airplane'

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    Ethiopian Airlines' Boeing 737 MAX 8 Crash: Three Things to Know Ethiopian Airlines' Boeing 737 MAX 8 Crash: Three Things to Know 3:25
4:47 a.m. Aug. 16, 2019 - Associated Press
New York police: Suspicious devices at Fulton Street subway station aren’t explosiveTwo suspicious objects that prompted an evacuation of a major lower Manhattan subway station during the morning commute Friday are not explosives, police said.
9:18 a.m. Aug. 15, 2019 - Associated Press
Netanyahu government bars Israel trip by U.S. Reps. Ilhan Omar and Rashida Tlaib Tlaib’s family immigrated to the U.S. from the West BankJust minutes after President Donald Trump tweeted that Israel should bar a planned visit by Democratic Reps. Ilhan Omar and Rashida Tlaib, Israel’s deputy foreign minister said the government has decided not to admit the congresswomen to the country for an upcoming conference.
7:09 a.m. Aug. 15, 2019 - By Greg Robb
Empire State, Philly Fed indexes hold steady in August New York inches up to 4.8, Philadephia index falls slightly to 16.8Two gauges on manufacturing sentiment generally held steady in August, defying expectations.
6:38 a.m. Aug. 15, 2019 - By Greg Robb
U.S. industrial production slumps in July Manufacturing alone down 0.4%, lagging the overall economyU.S. industrial production slumped in July, the Federal Reserve said Thursday.
2:11 p.m. Aug. 13, 2019 - Associated Press
Norwegian Air cutting some trans-Atlantic routes due to 737 Max grounding Flights between Ireland, 3 airports in U.S. and Canada to end in SeptemberNorwegian Air says it’s ending trans-Atlantic service between Ireland and three U.S. and Canadian airports because the grounding of Boeing 737 Max aircraft makes the routes “no longer commercially viable.”
8:00 a.m. Aug. 3, 2019 - By Barbara Kollmeyer
The Fed can’t stop a market meltdown, warns forecaster who called the 2008 housing bust Critical information for the U.S. trading dayExpectations over the Fed’s ability to fix all that ails the economy and markets may be running a little too hot, warns our call of the day, from James Stack, president of Stack Financial Management and owner of InvesTech Research.
6:17 a.m. July 31, 2019 - By Greg Robb
Chicago PMI shows broad weakness in July Chicago business barometer drops to 44.4, lowest level since Dec. 2015The Chicago PMI business barometer fell sharply in July, falling to 44.4 from 49.7 in June, its lowest level since December 2015, according to MNI Indicators said Wednesday.
3:37 a.m. July 31, 2019 - By Andrew Tangel
FAA found high risk of additional cockpit emergencies after first Boeing MAX crash Regulators found it ‘didn’t take that much’ for a malfunction like the one confronted by the plane’s pilotsAn internal risk analysis after the first of two Boeing 737 MAX airliner crashes showed the likelihood was high of a similar cockpit emergency within months, according to a Federal Aviation Administration official familiar with the details and others briefed on the matter.
11:22 a.m. July 25, 2019 - By Tomi Kilgore
Airline stocks dragged down as Boeing 737 Max groundings sully earnings reports American Airline’s stock tumbles amid questions about its raised profit outlook, Southwest’s bounces after 737 Max return pushed backShares of airline companies traded mostly lower Thursday, as a more dire outlook on the groundings of Boeing Co.’s 737 Max planes sullied the earnings reports from Southwest Co. and American Airlines Group Inc.
6:00 a.m. July 25, 2019 - By Tomi Kilgore
Boeing's stock drops again, shaves about 85 points off Dow's priceShares of Boeing Co. took another dive Thursday, and accounted for the bulk of the Dow Jones Industrial Average's decline, after Southwest Airlines Co. pushed out its expected return of the grounded 737 Max fleet to January. Boeing's stock dropped 3.5% in morning trading, after losing 3.1% on Wednesday after . The stock has now shed 7.5% amid a four-session losing streak. The $12.51 price decline on Thursday was shaving about 85 points off the Dow's price, which was down 126 points. Southwest said it will expand the 737 Max-related flight adjustments , while American Airlines Group Inc. said Thursday it was staying at Nov. 2. Separately, Boeing Chief Executive Dennis Muilenburg said the company will consider if its return is delayed beyond the current October forecast.
1:06 p.m. July 24, 2019 - Associated Press
Boeing CEO says production of 737 Max could be suspended Dennis Muilenburg says pause may be needed if fleet is grounded past OctoberBoeing’s CEO says the company will consider temporarily shutting down production of the 737 Max if the plane’s return is significantly delayed beyond the company’s October forecast.
5:50 a.m. July 24, 2019 - By Barbara Kollmeyer
Dividend-paying stocks will leave Treasurys for dead, says mutual-fund company Federated Critical information for the U.S. trading dayFederated Investors’s chief equity market strategist Phil Orlando, says it’s high time investors wake up to the benefit of dividend paying stocks.
3:28 a.m. July 24, 2019 - By Jeremy C. Owens
Earnings Watch: Facebook’s fine, Boeing’s bind and Tesla’s bottom line Three companies that have faced tough questions from investors line up for more discussion WednesdayLast quarter, Boeing Co., Facebook Inc. and Tesla Inc. played “Hold my beer” amid controversies; three months later, it is time for an update as they work through their issues.
6:54 a.m. July 22, 2019 - By Emily Bary
Big Tech’s antitrust suspects enter earnings spotlight, along with Boeing and Tesla Earnings Watch: Busiest week of the season includes three of the tech companies being investigated by fedsAmid all the talk of antitrust, government regulation and cryptocurrency plans, it might be nice for Big Tech just to focus on earnings this week — unless they are bad, of course.
3:07 a.m. July 19, 2019 - By Claudia Assis
Boeing to see $5.6 billion hit on 737 Max groundings Aircraft maker puts a price tag on 737 Max debacle, and shares riseBoeing Co. said late Thursday it will record an after-tax charge of $4.9 billion, or $8.74 a share, in the second quarter in connection with the 737 Max groundings. That will result in a $5.6 billion dent in revenue and pre-tax earnings in the quarter, the company says.
5:53 a.m. July 18, 2019 - By Greg Robb
Philadelphia Fed manufacturing gauge rebounds in July to highest level in a year Business activity index jumps to 21.8 after a 0.3 reading in JuneThe Philadelphia Fed said Thursday its gauge of business activity in its region rebounded sharply in July after sinking in June to its lowest level in four months.
7:53 a.m. July 16, 2019 - By Jacob Passy
United Airlines and American Airlines cancel more flights as the fallout from the Boeing 737 Max grounding continues Flight cancellations as a result of the situation are now extending into the fall monthsFlight cancellations as a result of the situation are now extending into the fall months.
6:18 a.m. July 16, 2019 - By Greg Robb
U.S. manufacturing ‘is in recession,’ Fed’s data show Production was flat in June, below expectations of a 0.1% gainManufacturing slumped in the three months ended in June for the second straight quarterly decline, the Federal Reserve said Tuesday.
6:02 a.m. July 15, 2019 - By Greg Robb
Empire State manufacturing index climbs out of negative territory in July New York Fed’s gauge of business activity climbs to a reading of 4.3The New York Fed Empire State Manufacturing Survey’s main index rebounded modestly to 4.3 in July after a minus 8.6 reading in the prior month, the regional Fed bank said Monday.
3:49 p.m. July 14, 2019 - Associated Press
American cancels more flights as Boeing’s 737 Max fleet may stay grounded for longer than expected American extends cancellations until November; WSJ reports jetliner may not return to service until 2020American Airlines said Sunday that it will keep the Boeing 737 Max plane off its schedule until Nov. 3, which is two months longer than it had planned.
6:26 a.m. July 13, 2019 - By Claudia Assis
Elon Musk’s brain-computer company schedules reveal Neuralink is developing ‘ultra-high bandwidth brain-machine interfaces to connect humans and computers’Brain-computer Neuralink is set to reveal its work developing ‘ultra-high bandwidth brain-machine interfaces to connect humans and computers’ next week.
2:15 a.m. July 13, 2019 - By Callum Keown
New technology requirement may ground more than 1 in 10 private jets in 2020 It can cost up to $200,000 to outfit planes with ADS-B Out surveillance technology as mandated beginning next year by regulators in U.S., Europe and elsewhereIt can cost up to $200,000 to outfit planes with ADS-B Out surveillance technology as mandated beginning next year by regulators in U.S., Europe and elsewhere.
4:54 a.m. July 10, 2019 - By Barbara Kollmeyer
Weak U.S. data could trigger 10% stock plunge, says strategist Critical information for the U.S. trading dayLooking for surprises? Watch the data not the monetary policy says our call of the day from Elia Lattuga, the deputy head of strategy research at UniCredit.
2:31 a.m. July 6, 2019 - By Leslie Albrecht
Why donating diapers isn’t the best way to help immigrant children detained at the border The government can accept donations from the public only under certain circumstancesThe government can accept donations from the public only under certain circumstances.
12:29 p.m. July 3, 2019 - Associated Press
Boeing to pay $100 million to families, communities victimized by 737 Max crashes Airplane maker still faces dozens of lawsuitsBoeing said Wednesday that it will provide an “initial investment” of $100 million over several years to help families and communities affected by two crashes of its 737 Max plane that killed 346 people.
2:50 a.m. July 2, 2019 - By Claudia Assis
Elon Musk’s ‘Space Mountain’ rocket ride: Anywhere on Earth in under 20 mins Musk promises roller-coaster feel to rocket flights around the worldElon Musk is no stranger to outlandish pledges, and the CEO of Tesla and SpaceX on Twitter veers into sci-fi to imagine around-the-world flights on rockets.
11:31 a.m. July 1, 2019 - By Jacob Passy
Airlines offer fee waivers for Dominican Republic flights after 9 tourist deaths Consumers wary about upcoming trips to the Caribbean island should rebook sooner rather than later, experts sayConsumers wary about upcoming trips to the Caribbean island should rebook sooner rather than later, experts say.
3:50 p.m. June 27, 2019 - Associated Press
Boeing hopes to have software fix to 737 Max completed in September Southwest pulls grounded jets from its schedule through Oct. 1Boeing says it expects to finish work on updated flight-control software for the 737 Max in September, a sign that the troubled jet likely won’t be flying until late this year.
4:02 p.m. June 26, 2019 - Associated Press
Return of Boeing’s 737 Max delayed by new computer problem FAA pilots find new flaw in plane’s software system during flight simulatorA new computer problem has been found in the troubled Boeing 737 Max that will further delay the plane’s return to flying after two deadly crashes, according to two people familiar with the matter.
4:12 a.m. June 18, 2019 - By Tomi Kilgore
Amazon to lease 15 more Boeing 737-800s through GECAS, to support one-day shippingAmazon.com Inc. said Tuesday it will lease 15 737-800 cargo aircraft made by Boeing Co. , through a partnership with General Electric Co.'s GE Capital Aviation Services (GECAS). The 15 aircraft will be in addition to the five Boeing 737-800s already leased from GECAS, announced earlier this year. "These new aircraft create additional capacity for Amazon Air, building on the investment in our ," said Dave Clark, senior vice president of worldwide operations at Amazon. "By 2021, Amazon Air will have a portfolio of 70 aircraft flying in our dedicated air network." Amazon's stock rose 0.9% in premarket trading, while Boeing shares climbed 1.3% and GE's stock tacked on 0.9%. The shares gains come as futures for the Dow Jones Industrial Average rallied 144 points.
3:41 a.m. June 18, 2019 - By Tomi Kilgore
Boeing's stock climbs, after commitments for Dreamliners announcedShares of Boeing Co. rose 1.1% in premarket trading Tuesday, after the aerospace and defense giant announced a commitment from aircraft leasing company Air Lease Corp. to buy five 787-9 Dreamliners valued at $1.5 billion. "We are thrilled that ALC has decided to add more 787 Dreamliners to its elite portfolio of airplanes that they place with customers across the globe," said Ihssane Mounir, senior vice president of commercial sales and marketing at Boeing. This follows an announcement at the Paris Air Show earlier Tuesday from Boeing, Korean Air and Air Lease (ALC) that Korean Air has committed to buying 10 new 787-10s and 10 additional 787-9 airplanes valued at $6.3 billion, and will lease 10 787-10s from ALC. Boeing's stock has gained 10.1% year to date through Monday and Air Lease shares have rallied 28.0%, while the Dow Jones Industrial Average has advanced 11.9%.
2:30 a.m. June 17, 2019 - By Robert Wall
Airbus goes after Boeing with A321neo upgrade for trans-Atlantic service to smaller cities Airbus says at Paris Air Show that the A321XLR is expected to enter service in 2023Airbus SE on Monday said it plans to develop its longest-range single-aisle plane yet, adding pressure on rival Boeing Co., which plans a jet for the same market but is distracted by its 737 MAX crisis.
12:07 p.m. June 16, 2019 - Associated Press
Boeing CEO admits ‘mistake’ in how company handled warning-system problem Dennis Muilenburg confident 737 Max will return to skies this year, says Boeing will restore trustThe chief executive of Boeing said the company made a “mistake” in handling a problematic cockpit warning system in its 737 Max jets before two crashes killed 346 people and he promised transparency as the aircraft maker works to get the grounded plane back in flight.
6:57 a.m. June 15, 2019 - By Jacob Passy
Companies like Uber are getting into the helicopter business — are the skies ready? Lawmakers are calling for tighter regulation of helicopter operators following a deadly crash in ManhattanLawmakers are calling for tighter regulation of helicopter operators following a deadly crash in Manhattan.
3:57 p.m. June 12, 2019 - Associated Press
Uber tests drones to deliver food, unveils new self-driving SUV Uber to work with Volvo on autonomous driving systemIn the future, the company wants to land drones atop parked vehicles near delivery locations and secure them to the vehicle for the final mile of the delivery.
2:03 p.m. June 11, 2019 - Associated Press
Boeing jetliner deliveries plunge as 737 Max remains grounded Airliner deliveries in May down 56% year over yearWith the 737 Max jet still grounded after two deadly crashes, deliveries of new Boeing jets are falling far behind last year’s pace.
4:06 a.m. June 4, 2019 - By Tomi Kilgore
Navistar's stock jumps after profit and revenue beat by wide margins, outlook raisedShares of Navistar International Corp. jumped 2.9% in prmarket trade Tuesday, after the maker of commercial and military trucks and diesel engines reported fiscal second-quarter earnings and revenue that rose above expectations, and lifted its full-year outlook. For the quarter to April 30, the company swung to a net loss of $48 million, or 48 cents a share, from a profit of $55 million, or 55 cents a share, in the year-ago period. Excluding non-recurring items, such as a one-time charge of $159 million to address a legal class action settlement, adjusted net income rose to $105 million from $67 million, which based on 99.2 million weighted average diluted shares outstanding equates to earnings per share of $1.06. The FactSet EPS consensus was 69 cents. Revenue rose 24% to $3.00 billion, above the FactSet consensus of $2.70 billion, as truck sales grew 35% to $2.3 billion and parts sales slipped 4% to $579 million. For fiscal 2019, the company raised its revenue guidance range to $11.25 billion to $11.75 billion from $10.75 billion to $11.25 billion, which compares with current expectations of $10.98 billion. The stock has rallied 19.9% year to date through Monday, while the Dow Jones Industrial Average has gained 6.4%.
2:34 p.m. June 2, 2019 - By Andy Pasztor
FAA identifies potentially defective parts on more than 300 Boeing 737 jets FAA says no imminent hazard after plane maker alerted it to manufacturing problem U.S. air-safety regulators said parts inside the wings of more than 310 of Boeing Co.’s 737 jets, including grounded Max models, may be defective and need to be replaced.
12:43 p.m. May 29, 2019 - Associated Press
Ethiopian Airlines pilot warned more training was needed weeks before deadly 737 Max crash Emails argued crews didn’t know how to properly react to anti-stall system malfunctionJust days after a Lion Air Boeing 737 Max nosedived in Indonesia and killed all 189 people aboard, an Ethiopian Airlines pilot began pleading with his bosses for more training on the Max, warning that crews could easily be overwhelmed in a crisis and that one of their planes could be the next to go down.
11:21 a.m. May 25, 2019 - Associated Press
Trump ouster of USCIS head Cissna creates latest vacancy at Homeland Security A person familiar with the matter told the AP that Ken Cuccinelli, the former attorney general of Virginia, was being considered for the jobPresident Donald Trump asked the head of U.S. Citizenship and Immigration Services to resign, leaving yet another vacancy within the Department of Homeland Security.
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