News Breaks |
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| January 18, 2013 |
| 05:29 EDT |  | BA | Boeing, SPEEA contract talks ended, SPEEA issues statement
The following is a statement from SPEEA, IFPTE Local 2001, regarding contract talks with Boeing: In a move that escalates its mounting problems, Boeing rejected union offers to extend existing contracts and instead gave its "last, best and final" offers to the Society of Professional Engineering Employees in Aerospace, or SPEEA, IFPTE Local 2001. While the company agreed to extend parts of the existing contracts, the offers put retirement benefits for all 23,000 engineers and technical workers, including retiree medical, at risk. In addition, Boeing's corporate negotiator said the company will end the pension for future employees. Although the offers contain improvements, both the Professional and Technical Negotiation Teams unanimously recommend rejection. SPEEA members will vote on the company's offers in the coming weeks. Ballots are likely to include a request to grant the Professional and Technical Negotiation Teams authority to call a strike. The company's offers continue annual salary raise pools of 5% and maintain existing medical benefits. Boeing did agree to extend same-sex survivor pension benefits. In recent weeks, SPEEA members have been preparing in earnest for a major strike that could idle Boeing factories and send engineering and technical experts to the picket line. Negotiations have ended. This negotiation process was tainted by numerous actions that are in violation of the National Labor Relations Act. Boeing has regularly tried to prevent members from discussing their working conditions with others and with SPEEA. The company engaged in unlawful surveillance of protected activity, confiscated pictures of members engaged in protected activity and has refused to provide information relevant to the negotiations. |
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| May 23, 2013 |
| 11:08 EDT | | BA | Boeing reports 107 new orders in weekly update
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| 07:55 EDT |  | BA | Boeing price target raised to $120 from $100 at BofA/Merrill
BofA/Merrill raised Boeing's price target to reflect higher delivery forecasts for the 737 and 787. Shares are Buy rated. |
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| 06:29 EDT |  | BA | Software firm Luxoft files for IPO in New York, Bloomberg reports
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| 05:51 EDT | | BA | China approves commercial service for Boeing 787 Dreamliner, WSJ reports
China's aviation regulator gave approval for Boeing's 787 Dreamliner aircraft to begin commercial service with the nation's airlines, sources say, reports the Wall Street Journal. Reference Link |
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| 05:43 EDT | | BA | Boeing price target raised to $120 from $105 at Deutsche Bank
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| May 22, 2013 |
| 08:43 EDT | | BA | Boeing sees $6.9T commercial airplane market opportunity over 20 years
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| 08:38 EDT |  | BA | Boeing affirms view of FY13 core EPS $6.10-$6.30, consensus $6.48
Repeats forecast for FY13 revenue $82B-$85B, consensus $83.86B. Says focused on additional 737 and 787 rate breaks, with expectations for rate increases to drive financial performance. Information from slides for Annual Investor Conference. |
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| 07:39 EDT |  | BA | Wolfe Trahan to host a conference
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| May 21, 2013 |
| 14:26 EDT |  | BA | Boeing volatility low into investor day
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| 10:33 EDT | | BA | Boeing confirms completion of 747-8 test flight
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| 07:09 EDT | | BA | Boeing's Dreamliner returns to service in U.S. ,NY Times reportd
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| May 20, 2013 |
| 11:25 EDT | | BA | Boeing volatility at low end of historic range as shares at record high
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| 07:20 EDT | | BA | Boeing price target raised to $105 from $98 at JPMorgan
JPMorgan raised its price target for Boeing citing expectations for higher 787 profitability and keeps an Overweight rating on the stock. |
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| 07:16 EDT | | BA | Boeing price target raised to $115 from $100 at Stifel
Stifel increased its price target on Boeing, citing several factors including resumption of 787 deliveries and production work on 787-9, improved margins, and better than expected results from its defense business. The firm keeps a Buy rating on the stock. |
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| 05:46 EDT | | BA | Boeing look to improve more Dreamliner systems, WSJ reports
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| May 17, 2013 |
| 10:09 EDT | | BA | Boeing to host investor meeting
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| May 16, 2013 |
| 11:08 EDT | | BA | Boeing announces 115 new 737 orders in weekly update
Boeing on its website announced 115 new orders in its weekly update consisting of 35 737s for Southwest Airlines, 70 737s for Turkish Airlines, and 10 737s for WestJet. In the changes category, Boeing reduced 737 net orders by 30. |
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| 06:20 EDT | | BA | Boeing price target raised to $112 from $105 at Citigroup
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| May 15, 2013 |
| 17:30 EDT | | BA | GE, Boeing warn of defective engine parts, WSJ reports
General Electric (GE) said more than 70 Boeing (BA) 777 models may be affected by an engine manufacturing defect, reports The Wall Street Journal. Reference Link |
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| 11:30 EDT | | BA | Boeing confirms Southwest converts 30 orders to 737 Max 7s from 737s
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