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In a number of Asian markets—Japan, Singapore, the Philippines, and Indonesia—shares declined over 20% from their most recent peaks, entering bear market territory. [188] In Japan, the Nikkei 225 plummeted 5.1%. [189] In Singapore, the Straits Times Index fell 6.03%. [190] In China, the CSI 300 Index lost 3%. [191]
Following Boeing's 1996 acquisition of Rockwell's North American division, McDonnell Douglas merged with Boeing in August 1997 in a US$13 billion stock swap, with Boeing as the surviving company. [ 1 ] [ 55 ] Boeing introduced a new corporate identity based on the McDonnell Douglas logo, which showed the globe being encircled in tribute to the ...
Boeing retained the Stearman facilities in Wichita, Kansas. Following the breakup of United Aircraft, William Boeing sold off his shares and left Boeing. Clairmont "Claire" L. Egtvedt, who had become Boeing's president in 1933, became the chairman as well. He believed the company's future was in building bigger planes.
Boeing's share price hovers near 52-week lows as the plane maker tries to strike a ... investigations, lawsuits, production delays, a CEO replacement, and a tumbling stock price. Last month ...
The union, whose members went on strike last Friday, has been pushing for a 40% raise over four years in its first full contract negotiations with Boeing in 16 years, well above the planemaker's ...
The Boeing 737 MAX passenger airliner was grounded worldwide between March 2019 and December 2020 and again in 2024. – after 346 people died in two similar crashes in less than five months: Lion Air Flight 610 on October 29, 2018, and Ethiopian Airlines Flight 302 on March 10, 2019.
A strike by about 27,000 machinists at Boeing over outsourcing, job security, pay, and benefits began September 7, 2008. [1] [2] [3]The union, International Association of Machinists, and Boeing appeared unwilling to compromise to settle the strike.
In March 2020, the grounding, compounded by the COVID-19 pandemic had already lowered Boeing's stock price to under $100. Boeing was seeking a $60 billion bailout directed towards its aerospace suppliers. [87] Under the too big to fail theory, Boeing is a significant production and employment contributor to the U.S. economy. [88]
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