BA Jul 2024 220.000 call
- Yahoo Finance Video
Can Boeing's Spirit AeroSystems acquisition restore trust?
Shares of Boeing (BA) are climbing after agreeing to buy back fuselage maker Spirit AeroSystems (SPR) in a deal valued at around $4.7 billion. Josh Lipton and Seana Smith report more on the story and the issues facing the company, from leadership changes to criminal charges. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl
- Reuters
Spirit Aero chief in spotlight as Boeing searches for new CEO
Boeing's long-awaited announcement that it will buy back its struggling supplier, Spirit AeroSystems, now shifts the focus of investors to the planemaker's search for a new CEO. Boeing has been looking for a new head after Dave Calhoun said in March he would step down by year-end, in a broad management shakeup following a January mid-air panel blowout on a 737 MAX plane. Several potential candidates have emerged, including Patrick Shanahan, who has been running Spirit AeroSystems for the past nine months.
- Investing.com
Futures lower, Fed's Powell to speak, Boeing plea deal - what's moving markets
Investing.com -- U.S. stock futures edge down as investors prepare for incoming labor market data during a holiday-shortened trading week. Federal Reserve Chair Jerome Powell is due to speak at an European Central Bank event, with the Fed's potential interest rate path for the rest of the year in focus. Elsewhere, U.S. federal prosecutors are reportedly awaiting a decision from Boeing (NYSE:BA) on a plea deal to settle charges linked to two fatal crashes.
