By David Shepardson WASHINGTON (Reuters) – Boeing’s head of quality for commercial airplanes, Elizabeth Lund, who has spearheaded the planemaker’s improvement plans, will retire in December, the company said on Monday. A 33-year veteran of Boeing, Lund had been named in February to the new position of senior vice president of quality for its commercial…
Hello, Quartz members, and welcome to Sunday Reads! Donald Trump is back, and like him or loathe him, you’ll be living in his world for the next four years. So pull up a chair and take a read of some of our best stories of the week, plus a look at what’s coming next week….
Beleaguered aviation giant Boeing is set to confront another hurdle next week when it faces a civil trial over the March 2019 Ethiopian Airlines crash that killed 157 people. The trial, scheduled for federal court in Chicago, originally included six plaintiffs, but “all but one” have settled, a person close to the litigation told AFP…
By Allison Lampert and Tim Hepher (Reuters) – Spirit AeroSystems and Boeing are close to reaching a funding agreement that would give a cash lifeline to the struggling Boeing supplier, an industry source familiar with the matter said. A deal could be announced in the next few days, said the source, who spoke on condition…
By David Shepardson WASHINGTON (Reuters) -Boeing CEO Kelly Ortberg said on Thursday that employees furloughed during a seven-week strike by factory workers would be repaid by the company for lost wages, but it would proceed with plans to cut about 10% of its global workforce. Boeing furloughed thousands of salaried employees on a rolling basis…
Good morning, Quartz readers! HERE’S WHAT YOU NEED TO KNOW Donald Trump won the presidency. Here’s what that means for everything from tariffs to immigration. Sales of Novo Nordisk’s blockbuster weight loss drug Wegovy continue to soar Wall Street was exuberant at the Republican’s win. Markets soared the day after the election was called. One…
(Reuters) -Spirit AeroSystems, a key supplier to U.S. planemaker Boeing, warned on Tuesday there was “substantial doubt” that the company would be able to continue as a going concern. Last month, Wichita, Kansas-based Spirit Aero said it was burning through dwindling cash reserves, as a strike by Boeing’s U.S. factory workers hammered the planemaker’s biggest…
By Dan Catchpole and Allison Lampert SEATTLE (Reuters) -Boeing’s U.S. West Coast factory workers accepted a new contract offer on Monday, their union said, bringing an end to a bitter seven-week strike that halted most jet production and deepened a financial crisis at the troubled planemaker. The union said members voted 59% in favor of…
SEATTLE (AP) — Unionized machinists at Boeing voted Monday to accept a contract offer and end their strike after more than seven weeks, clearing the way for the aerospace giant to resume production of its bestselling airliner and generate much-needed cash. Leaders of the International Association of Machinists and Aerospace Workers district in Seattle said…
Russell Hackmann, president at Hackmann Wealth Partners, spoke with Quartz for the latest installment of our “Smart Investing” video series. Watch the interview above and check out the transcript of the conversation below, which has been lightly edited for length and clarity. ANDY MILLS (AM): A lot of folks are predicting a disputed election. What…