Business

Boeing shares slide again after Wall Street downgrades

9 monthes ago   |   By Star Tribune


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'We can no longer defend the shares': Boeing gets slapped with a trio of Wall Street downgrades as 737 Max scandal worsens

'We can no longer defend the shares': Boeing gets slapped with a trio of Wall Street downgrades as 737 Max scandal worsens

9 monthes ago   |   By Business Insider

In light of recent reports that Boeing employees may have misled regulators regarding the doomed 737 Max aircraft, a trio of Wall Street banks issued downgrades on the stock Monday.
Shares traded as much as 4% lower as the heightened scrutiny became the lastest development in a year-long scandal that began with two fatal crashes resulting in 346 deaths.
Here's why three Wall Street firms slashed their price targets for Boeing's shares on Monday.
Watch Boeing trade live .
Boeing's stock received a trio of downgrades from Wall Street firms Monday amid recent reports that the aircraft...
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Ford CEO Jim Hackett is retiring as the carmaker reinvents itself

Ford CEO Jim Hackett is retiring as the carmaker reinvents itself

Ford said CEO Jim Hackett will retire in October, and be replaced by COO Jim Farley. Hackett took over as CEO in 2017 and had been leading an $11-billion restructuring of... Read more ...

Apple replaces key marketing SVP Phil Schiller with Greg Joswiak

Apple replaces key marketing SVP Phil Schiller with Greg Joswiak

The head of Apple's global marketing - and App Store - is exiting his executive role in favor of a longtime deputy who once led iPod and iPhone marketing. Read more ...

LIVE UPDATES: See the results of Michigan's August 4 primaries

LIVE UPDATES: See the results of Michigan's August 4 primaries

Michigan is holding several key congressional primaries on August 4. Rep. Rashida Tlaib is facing a primary challenge from Detroit City Council President Brenda Jones in... Read more ...

Shocking videos capture massive explosion that just rocked the Lebanese...

Shocking videos capture massive explosion that just rocked the Lebanese capital of Beirut

A massive explosion shook the Lebanese capital city of Beirut on Tuesday. The cause of the blast that originated near the city's port was not immediately known, but Lebanon's... Read more ...

Elizabeth Warren calls for insider-trading investigation after Kodak shares...

Elizabeth Warren calls for insider-trading investigation after Kodak shares spike 2,190%

Sen. Elizabeth Warren asked the Securities and Exchange Commission to investigate possible insider trading of Eastman Kodak shares before the public announcement of a $765... Read more ...

EU launches antitrust probe into Google's $2.1 billion Fitbit bid

EU launches antitrust probe into Google's $2.1 billion Fitbit bid

Google's $2.1 billion bid to take on Apple in the wearable technology market by buying Fitbit hit a hurdle as EU regulators launched an investigation. Read more ...

'It is what it is': Trump dismisses the rising coronavirus death toll in the...

'It is what it is': Trump dismisses the rising coronavirus death toll in the United States

President Trump dismissed the mounting death toll from COVID-19 in the United States, telling Axios' Jonathan Swan that "it is what it is" in an interview that aired Monday... Read more ...

A former tooth powder warehouse in San Francisco is now a $5.5 million home...

A former tooth powder warehouse in San Francisco is now a $5.5 million home partially made of shipping containers - see inside

A 3,600-square-foot house in San Francisco is on the market for $5.5 million. The home is located inside a former laundry and tooth powder warehouse. It has two shipping... Read more ...

T-Mobile launches world's first nationwide standalone 5G network

T-Mobile launches world's first nationwide standalone 5G network

One month after the final standalone 5G standard was approved by the 3GPP, T-Mobile is offering service to 250 million people across 7,500 towns and cities. Read more ...

10 things you need to know before the opening bell

10 things you need to know before the opening bell

Welcome to 10 Things Before the Opening Bell. Sign up here to get this email in your inbox every morning. Here's what you need to know before markets open. 1. Oil giant BP... Read more ...