|Bid||358.15 x 0|
|Ask||360.09 x 0|
|Day's Range||347.00 - 354.16|
|52 Week Range||303.97 - 439.31|
|Beta (3Y Monthly)||0.96|
|PE Ratio (TTM)||19.86|
|Forward Dividend & Yield||8.38 (2.17%)|
|1y Target Est||N/A|
gets some news about the flight availability of its beleaguered 737 MAX jet, the company may face a probe about the plane from the Securities and Exchange Commission, according to a published report. The equity market regulator is expected to review whether the company was forthcoming to investors about potential problems with the aircraft, which has been involved in two deadly crashes over the past eight months, Bloomberg reported. The agency also is reviewing Boeing's accounting to make sure its financial statements accurately have prepared shareholders for potential impacts from the grounding of the plane.
United Airlines is canceling another month's worth of flights with Boeing 737 Max planes that were grounded after two deadly accidents.
The Boeing 737 Max could be grounded even longer as the FAA reportedly expands its safety review to include older 737 models.
Key indexes capped a volatile week with modest gains in today's stock market, with the Dow Jones industrials and small caps taking the lead.
Trouble continues for the Boeing 737 Max as the SEC reportedly probes financial disclosures about the jet's grounding. But Boeing stock rose.
CHICAGO/SEATTLE (Reuters) - United Airlines said on Friday it is extending by one month its cancellations of Boeing Co 737 MAX flights, through Aug. 3, as the jetliner remains grounded following two fatal crashes. United, which operates 14 737 MAX jets, said the decision would lead to about 40 or 45 daily canceled flights. The Chicago-based carrier joins rivals Southwest Airlines Co and American Airlines Group Inc which had already suspended 737 MAX flights into August as global carriers await regulatory approval for the aircraft to fly again.
Leaders of some of the top industrial companies gathered this week in Coral Gables, Florida, for an annual spring confab that’s known almost as much for its golf rounds as for its revelations about M&A and strategic overhauls. One thing this year’s Electrical Products Group Conference was notably light on was fresh macroeconomic insights – but not for a lack of questioning from analysts and investors. Wary perhaps of reigniting the panic sparked last year when Caterpillar Inc. warned of a “high watermark” in its profits, some CEOs just dodged the subject.
Officials in the SEC’s enforcement division are examining whether Boeing was adequately forthcoming to shareholders about material problems with the plane, said the people who asked not to be named because the probe isn’t public. The SEC inquiry is in its early stages and the regulator’s investigations often don’t lead to allegations of misconduct.
The Dow Jones and other stock indexes held modest gains Friday afternoon after Thursday's sell-off. Boeing stock outperformed in the Dow.
A "degree of progress" is being made on understanding the causes of the accidents; the engagement between Boeing and various aviation authorities; and advancing upgrades to the MAX. Although there is a collaborative approach amongst aviation authorities, even if timelines are not synced.
New orders for U.S.-made capital goods fell more than expected in April, further evidence that the economy was slowing after a growth spurt in the first quarter that was driven by exports and a buildup of inventories. The report from the Commerce Department on Friday also showed orders for these goods were not as strong as previously thought in March and shipments were weak over the last two months, indicating that manufacturing was fast losing ground. Boeing's move to cut production of its troubled 737 MAX aircraft is also hurting manufacturing.
Small caps led the stock market Friday afternoon as indexes came off session lows. Boeing gave the Dow its best boost of the day.
The U.S. Securities and Exchange Commission is probing whether Boeing Co provided sufficient disclosures about issues related to its 737 MAX jets, which have been grounded worldwide after two deadly accidents, ...
Shares of the world's biggest planemaker have fallen nearly 15% since the fatal crash of an Ethiopian Airlines 737 MAX jet in March, erasing about $40 billion in market value. The benchmark index is up about 3% during the same period, while the Dow has risen by a marginal 0.2%. If the aircraft is cleared to fly by June, its operators, including Southwest Airlines Co, American Airlines Group Inc and United Continental Holdings Inc, would likely not have to extend costly cancellations that they have already put in place for the peak summer flying season.
A meeting of aviation regulators failed to make clear when the 737 MAX can carry passengers again. Even when the all-clear comes, investors will want to know whether people are willing to ride the plane.
United Airlines will extend flight cancellations through Aug. 3 as its 14 Boeing 737 Max flights remain grounded. United Airlines UAL will take its 14 Boeing BA 737 Max jets off its schedule for another month, through Aug. 3, canceling another 1,290 flights as the plane remains grounded. The move comes a day after the Federal Aviation Administration's acting head said airlines didn't need to extend flight cancellations for Max flights.
Boeing is in the news a lot, but investors wondering if the stock is a good buy now should also look at the aerospace giant's fundamentals and its chart.
Crews have sealed 34 Southwest Airlines Co. jets against the Mojave Desert’s sun, wind and sand, as well as insects and birds that can creep into wheel wells and engine air inlets. Southwest declined to discuss the expense, but one industry veteran said such sojourns run about $2,000 a month for each plane -- a small but critical cost amid Boeing’s many looming financial penalties. Once a week, Southwest mechanics spool up the big turbofans, boot up flight computers, and extend and retract flight-control surfaces such as wing flaps.
U.S. stocks posted broad-based gains on Friday, ahead of a long weekend, as sentiment was buoyed by optimistic comments by President Donald Trump that the protracted trade war with China could soon end. Trump said on Thursday that Huawei Technologies Co Ltd could be included in the trade deal.