Latest Boeing Co News

Heading for clouds: Aviation sector faces trade turbulence

Jul. 16, 2018 12:30 PM EDT

LONDON (AP) — Aviation is soaring: Passenger traffic is up, fuel prices are under control and rising demand from Asia is driving aircraft orders. So what could possibly go wrong? One big thing: A trade war. Aircraft makers at this week's Farnborough International Airshow, a biannual extravaganza where...

Mexico's president-elect says he'll stop US helicopter deal

Jul. 11, 2018 6:10 PM EDT

MEXICO CITY (AP) — President-elect Andres Manuel Lopez Obrador said Wednesday he will cancel the pending purchase by Mexico's navy of eight armed Lockheed Martin MH-60R helicopters from the U.S. government. Lopez Obrador mentioned nixing the planned $1.2 billion deal as an example of extensive cost-cutting...

US stocks snap higher despite escalating US-China trade tiff

Jul. 6, 2018 5:05 PM EDT

The trade dispute between the U.S. and China escalated Friday, but Wall Street focused on a solid jobs report instead. After a wobbly start, U.S. stocks mounted a broad rally, shaking off two consecutive weekly losses. Growing jitters in recent weeks over a stepped-up trading dispute between the world's two...

Asian stocks lower on impending trade war

Jul. 5, 2018 11:47 PM EDT

SEOUL, South Korea (AP) — Asian stocks were mostly lower Friday as investors braced for the implementation of U.S. tariffs on Chinese imports at midnight Washington time, and likely similar measures by Beijing on U.S. exports. Upbeat economic data and overnight gains on U.S. stock markets helped temper...

Business Highlights

Jul. 5, 2018 5:49 PM EDT

___ Bluster aside, US and China vulnerable to pain from tariffs WASHINGTON (AP) — The U.S. and Chinese governments have been flashing a lot of bravado just before firing the first shots in a conflict that risks erupting into a mutually damaging trade war. Yet among the people and business in both countries...

Boeing and Embraer attempt a joint venture

Jul. 5, 2018 4:36 PM EDT

Boeing and Brazilian jet maker Embraer have agreed to form a joint venture that would push the U.S. aerospace giant into the market for smaller passenger planes. The new company is being valued at $4.75 billion. Boeing Co. said Thursday that it will own 80 percent while Embraer SA takes the remaining 20 percent....

Barbs for Bezos but Bill Gates largely admired in Seattle

Jun. 30, 2018 5:59 PM EDT

SEATTLE (AP) — The Seattle region is home to America's two richest men, but their local legacies to date represent two very different eras for the city. While Amazon's Jeff Bezos is blamed by some for rising rents and clogged city streets, Bill Gates is largely admired for helping lead the computing...

Singapore summit success may prompt defense spending issue

Jun. 27, 2018 12:28 AM EDT

WASHINGTON (AP) — If the Singapore summit put North Korea on a path to eliminating its nuclear weapons, as President Donald Trump says it has, then it also may have poked a hole in the Pentagon's main argument for a multibillion-dollar expansion of homeland missile defenses. The Singapore declaration by...

If North Korea disarms, will US missile defense lose favor?

Jun. 26, 2018 4:49 PM EDT

WASHINGTON (AP) — If the Singapore summit put North Korea on a path to eliminating its nuclear weapons, as President Donald Trump says it has, then it also may have poked a hole in the Pentagon's main argument for a multibillion-dollar expansion of homeland missile defenses. The Singapore declaration by...

Airbus threatens to leave Britain in case of no-deal Brexit

Jun. 22, 2018 8:43 AM EDT

LONDON (AP) — Aviation giant Airbus is threatening to leave Britain if the country exits the European Union without an agreement on trade relations, underscoring the concerns of business leaders who say the government is moving too slowly. Airbus, which employs about 14,000 people at 25 sites in the U.K.,...