Latest Boeing Co News

Home Depot customers carry their purchases as they leave the store, Friday, April 3, 2020 during the coronavirus pandemic in New York. (AP Photo/Mark Lennihan)

Walmart limits store access; US airlines sign up for grants

Apr. 3, 2020 7:16 PM EDT

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments on Friday related to the global economy, the work place and the spread of the virus. ____________ COSTS MOUNT: The pandemic will cost the global economy as much as $4.1 trillion, or nearly...

An Indian policeman wearing a virus themed helmet rides on a horse during an awareness rally aimed at preventing the spread of new coronavirus in Hyderabad, India, Thursday, April 2, 2020. The new coronavirus causes mild or moderate symptoms for most people, but for some, especially older adults and people with existing health problems, it can cause more severe illness or death. (AP Photo/Mahesh Kumar A.)

Outbreak: bankruptcies, layoffs, quiet skies and empty rails

Apr. 2, 2020 7:49 PM EDT

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments on Thursday related to the global economy, the work place and the spread of the virus. ____________ ZOOM: At the end of last year, the video-conferencing company Zoom had about 10 million...

Boeing offers voluntary layoff plan amidst virus shutdown

Apr. 2, 2020 3:55 PM EDT

SEATTLE (AP) — Boeing is offering a voluntary layoff plan to prepare for an aircraft industry that the CEO says will take time to recover from the coronavirus pandemic. CEO David Calhoun didn’t rule out involuntary job cuts later. Boeing's airline customers are seeing a massive decline in revenue...

In this image provided by Jay Woods,  Woods, a Designated Market Maker with IMC and NYSE Floor Governor, who normally works on the New York Stock Exchange trading floor, works in his home office in Basking Ridge, N.J., Thursday, March 26, 2020.  Stocks are opening lower on Wall Street, Friday, March 27,  as the market gives back some of the gains it piled up over the past three days.  (Shannon Woods/Courtesy Jay Woods via AP)

On Wall Street, some optimism penetrates the uncertainty

Mar. 28, 2020 10:22 AM EDT

Stocks rallied this week as Washington acted to provide $2.2 trillion of relief to an economy shocked by the coronavirus outbreak, leaving some on Wall Street cautiously optimistic that the panicky selling that had gripped the market earlier may have come to an end. Even after a loss on Friday, the S&P 500...

Senate Majority Leader Mitch McConnell of Ky. gives a thumbs up as he leaves the Senate chamber on Capitol Hill in Washington, Wednesday, March 25, 2020, where a deal has been reached on a coronavirus bill. The 2 trillion dollar stimulus bill is expected to be voted on in the Senate Wednesday. (AP Photo/Andrew Harnik)

Airlines, others to benefit from $2 trillion rescue bill

Mar. 25, 2020 6:30 PM EDT

The White House and Senate leaders agreed early Wednesday on a $2 trillion economic rescue package, the largest in the country's history. The bill comes in response to the viral pandemic that has shut down businesses and crippled economies around the globe. The bill would give direct payments to most American...

Nike, Boeing rise; Target, Synnex fall

Mar. 25, 2020 4:17 PM EDT

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Wednesday: Boeing, up $31.05 to $158.73. The airplane maker reportedly plans to restart production of its troubled 737 MAX by May. Square Inc., up $6.08 to $52.39. The payment processing technology company scrapped its fiscal forecasts...

A pet store receives a delivery In Lawrence, Kan., Tuesday, March 24, 2020. The store offers curbside and delivery options to their customers. (AP Photo/Orlin Wagner)

Kansas residents hunker down amid virus' economic fallout

Mar. 24, 2020 7:02 PM EDT

WICHITA, Kan. (AP) — Aircraft parts maker Spirit Aerosystems temporarily suspended production work for Boeing at its Wichita facility on Tuesday amid the coronavirus outbreak that has been sending shock waves through the economy and has more than half of Kansas residents under shelter-in-place orders. The...

Tokyo 2020 Olympics chief Yoshiro Mori listens questions from journalist during a press conference Monday, March 23, 2020, in Tokyo. As infections soared in Europe and the United States and the world economy spiraled downward, Japan on Monday hinted at the next possible victim of the globe-spanning coronavirus: The 2020 Tokyo Olympics. (AP Photo/Eugene Hoshiko)

The Latest: US officials working on $2 trillion rescue deal

Mar. 24, 2020 12:44 AM EDT

The Latest on the coronavirus pandemic, which has infected more than 381,000 people and killed over 16,500. The COVID-19 illness causes mild or moderate symptoms in most people, but severe symptoms are more likely in the elderly or those with existing health problems. More than 101,000 people have recovered so...

An Alaska Airlines Boeing 737-9 Max flies over Boeing's manufacturing facility in Everett, Wash., Monday, March 23, 2020, north of Seattle. All 737 Max planes remain grounded after two deadly crashes, but test and positioning flights continue to be made. Boeing announced Monday that it will be suspending operations and production at its Seattle area facilities due to the spread of the new coronavirus. (AP Photo/Ted S. Warren)

Boeing to suspend production in Seattle because of virus

Mar. 23, 2020 6:22 PM EDT

SEATTLE (AP) — Boeing will suspend operations at its Seattle area facilities due to the spread of coronavirus, idling tens of thousands of aerospace workers, the company said Monday. At least 110 people have died from COVID-19 in Washington state, mostly in the Seattle area. Boeing employs about 70,000...

FILE - In this Jan. 25, 2020 file photo, a Boeing 777X airplane takes off on its first flight, at Paine Field in Everett, Wash. Boeing is painting a sobering picture for its business in 2020.  The Chicago-based company said Wednesday, March 11  it has imposed a hiring freeze in response to the virus outbreak that is undercutting air travel. It said received 18 orders last month for new large planes but continues to lose orders for the grounded 737 Max. (AP Photo/Ted S. Warren, File)

South Carolina Boeing worker tests positive for virus

Mar. 23, 2020 5:33 PM EDT

COLUMBIA, S.C. (AP) — An employee at Boeing's South Carolina production facility has tested positive for COVID-19, the company said Monday. The employee was quarantined and was being treated, said Boeing spokeswoman Libba Holland. The company asked all workers who had been in close contact with the...