|Bid||0.00 x 1800|
|Ask||0.00 x 1100|
|Day's Range||314.58 - 321.26|
|52 Week Range||302.72 - 446.01|
|Beta (5Y Monthly)||1.19|
|PE Ratio (TTM)||47.65|
|Earnings Date||Jan 28, 2020|
|Forward Dividend & Yield||8.22 (2.54%)|
|Ex-Dividend Date||Feb 12, 2020|
|1y Target Est||339.85|
Boeing's twin-aisle 777X completed its first test flight Saturday, but questions still remain about the jetliner's profitability.
European planemaker Airbus said on Tuesday that it had agreed to reach a settlement with French, UK and United States' authorities regarding a probe into allegations of bribery and corruption. "Airbus confirms that it has reached agreement in principle with the French Parquet National Financier, the U.K. Serious Fraud Office and the U.S. authorities," Airbus said in a statement.
Boeing [NYSE: BA] and Embraer [B3: EMBR3, NYSE: ERJ] welcome the unconditional approval of their strategic partnership by the Administrative Council for Economic Defense (CADE)'s General-Superintendence (SG) in Brazil. The decision will become final within the next 15 days unless a review is requested by CADE Commissioners. The partnership has now received unconditional clearance from every regulatory jurisdiction with the exception of the European Commission, which continues to assess the deal.
Former Boeing Co. Chief Executive Dennis Muilenburg has left the Caterpillar Inc. board of directors, Caterpillar said in a filing late Monday. The company accepted Muilenburg's resignation effective immediately, and the resignation "is not the result of any disagreement with the company," Caterpillar said. Muilenburg resigned from Boeing last month and was replaced by David Calhoun as Boeing's top executive. He left under criticism about the way the jet maker has handled the 737 Max crisis. The jets have been grounded worldwide since March after two deadly crashes connected to a defective anti-stall feature.
(Bloomberg) -- Boeing Co. has received more than $12 billion of orders for a loan that will help bolster the planemaker’s finances as it grapples with a crisis that’s left its 737 Max grounded since March, according to people familiar with the matter.The deal may be finalized as soon as Monday, said one of the people who asked not to be named because the information is private. The size of the loan is still to be determined, another person said.The loan is expected to have a margin of 100 basis points over the London interbank offered rate and a ticking fee of 9 basis points, as previously reported by Bloomberg News. It will also have a 5 basis points upfront fee, the people said.Citigroup Inc. is leading the financing, which was initially marketed at a size of $10 billion with a two-year delayed-draw term loan structure with potential to grow.The extra commitments from lenders show a vote of confidence by banks in Boeing, one of the people said.CNBC reported earlier on Monday that Boeing had secured more than $12 billion in financing from more than a dozen banks, citing unidentified people familiar with the matter.A representative for Citi declined to comment. A spokesperson for Boeing didn’t immediately respond to a request for comment.\--With assistance from Julie Johnsson.To contact the reporters on this story: Paula Seligson in New York at email@example.com;Jeannine Amodeo in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Natalie Harrison at email@example.com, Nikolaj GammeltoftFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
It’s the busiest week of fourth-quarter earnings season with earnings from Tesla, Apple, Amazon, AT&T, Microsoft, Boeing, AMD, and more. Plus, an FOMC decision.
Brazilian antitrust regulator Cade on Monday approved Boeing Co's purchase of Embraer SA's commercial aviation division without restrictions, according to a statement on the agency's website. Cade's top administrative council could still call for a reconsideration of the case, putting the matter to a vote. The companies welcomed the move on Monday, with Boeing saying it remained confident of getting approval from the European Commission, the last hurdle to the transaction.
U.S. stocks suffered their worst day in over three months on Monday as China extended the Lunar New Year holiday due to a virus outbreak, fueling worries about the economic impact of containment efforts in the world's second largest economy. The benchmark S&P 500 suffered its worst weekly performance since September last week as China locked down several cities and curbed travel, reminding investors of the deadly SARS virus that killed nearly 800 people in 2002-03 and cost the global economy billions. After the 2003 SARS (Severe Acute Respiratory Syndrome) outbreak, the S&P rallied more than 10% from the start of the outbreak to the announcement of its containment.
As the Boeing 737 Max crisis continues, analysts expect the aerospace giant's fourth-quarter to be "an absolute disaster" when it reports results early Wednesday.
This week's Fed meeting is not too soon to come to the aid of financial markets as the coronavirus spreads and the Dow Jones falls.
The latest draft authorization act for NASA calls could put the embattled aerospace giant in charge of the next moon mission Continue reading...
Arconic reported earnings Monday morning. 2020 guidance missed Wall Street expectations. The news is an early example of how Boeing’s 737 MAX woes might impact the supply chain in 2020.
Boeing declined to comment. Reuters last week reported https://reut.rs/37vYQnn that Boeing was in talks to obtain up to $12 billion in loans and that Citigroup was leading the transaction along with JP Morgan, Wells Fargo and Bank of America. Analysts estimate that Boeing has been losing around $1 billion a month because of the grounding after two crashes involving the 737 MAX jetliner.
U.S. stocks fell more than 1% on Monday as investors worried about the economic impact of a virus outbreak in China as containment efforts including travel bans have been put in place in the world's second largest economy after the country extended the Lunar New Year holiday. The benchmark S&P 500 suffered its worst weekly performance since September last week as China locked down several cities and curbed travel, reminding investors of the deadly SARS virus that killed nearly 800 people in 2002-03 and cost the global economy billions. With cases being linked in as many as a dozen other countries, U.S. President Donald Trump offered China whatever help it needed to contain the virus.
Wall Street is starting to worry about something impacting Boeing other than the troubled 737 MAX jet. Production rates on Boeing’s biggest jets might come down. Is that a new problem for the stock? Probably not.
Is United Airlines stock ready to take flight? Here is what the fundamentals and technical analysis say about buying United stock now.
Union members will vote on Wednesday on a three-year contract extension with Wichita's largest employer.
Wall Street's main indexes fell more than 1% on Monday as investors worried about the economic fallout of a virus outbreak in China that has prompted the country to extend the Lunar New Year holidays and businesses to close some operations. The benchmark S&P 500 was jolted off record highs last week as China locked down several cities and curbed travel, reminding investors of the deadly SARS virus that killed nearly 800 people in 2002-03 and cost the global economy billions. Travel-related stocks, including airlines, casinos and hotels, were the worst-hit on Wall Street, while shares of sectors exposed to China's growth, including technology, materials and energy, pressured the markets.
A global pandemic scare was frightening investors away from stocks on Monday and airline stocks were some of the worst hit. For Europe, some of the cheaper airlines may offer the best protection.