Tag: Boeing Co

  • Virgin Orbit struggles to avoid bankruptcy as talks on the deal continue

    Virgin Orbit senior management held daily talks with potential investors over the weekend, people familiar with the matter told CNBC. A potential buyer resisted a proposed sale price of nearly $200 million, one person told CNBC — a price just below the company’s market value as of Friday’s close. Meanwhile, contingency plans are being worked […]

  • From Apple to Boeing, India is being tested as the new China

    Boeing’s deal with Air India in February is the largest in civil aviation history, but also comes as India looks to bolster its profile as a defense manufacturer. Last week, US Secretary of Commerce Gina Raimondo traveled to India to strengthen ties with the Asian nation. India’s dream of becoming the “world’s new factory” to […]

  • FAA authorizes Boeing 787 Dreamliner deliveries after weeks of hiatus

    Boeing may resume deliveries of its 787 Dreamliners as early as next week, the Federal Aviation Administration said. Boeing said it had completed work on the wide-body jetliners needed to resume deliveries, which were halted on Feb. 23 after a data analysis error was discovered. Shares of the company rose on news that the issue […]

  • Space Force missile launch acquisitions take ‘mutual fund approach’

    Space Force leadership described a new “mutual fund approach” for the next round of buying corporate rocket launches. “Instead of taking one stock, we’re taking two different approaches, because we thought that was the best way for the government to run,” Colonel Chad Melone told the press at a briefing on Friday. Space Force is […]

  • Beyond Meat, Sweetgreen, Adobe, Block and more

    Beyond Meat “Beyond Burger” patties made from plant-based substitutes for meat products sit on a shelf for sale in New York City. Angela Weiss | AFP | Getty Images Check out the companies making headlines before the bell: Beyond Meat — Shares rose 12% after Beyond Meat reported a smaller-than-expected loss in the fourth quarter, […]

  • Layoffs are on the rise, but some employers can’t hire fast enough

    Layoffs have recently expanded beyond tech giants like Microsoft and Amazon. Service businesses such as hospitality and restaurants have hired people to rebuild after the pandemic. The Fed is closely monitoring job and wage growth to curb inflation. A for rent sign hangs on the window of a Chipotle restaurant in New York, April 29, […]