Boeing doesn't expect regulators to sign off on 737 Max until mid-2020

Boeing doesn’t expect regulators to sign off on 737 Max until mid-2020

Boeing is telling airlines and suppliers that it doesn’t expect regulators to sign off on the 737 Max until the middle of 2020, months later than the manufacturer previously expected. The extended delay poses another headache for carriers who have already missed one peak travel season without the fuel-efficient planes. Shares of the aircraft manufacturer … Read more…

Work starts on huge wind farm that could power 4.5 million homes

Work starts on huge wind farm that could power 4.5 million homes

GE’s Haliade-X wind turbine has a 12 megawatt generator and stands 260 meters tall. GE Renewable Energy Construction work for a huge offshore wind farm in the North Sea is underway. In an announcement Friday, energy firm SSE said that onshore work for the 3.6 gigawatt (GW) Dogger Bank Wind Farms project had begun near … Read more…

Boeing's new CEO Calhoun has little margin for error in 737 Max scandal

Boeing’s new CEO Calhoun has little margin for error in 737 Max scandal

Dave Calhoun, Chairman of Boeing Adam Jeffery | CNBC Boeing’s new CEO, Dave Calhoun, has a daunting to-do list when he takes the reins at the company’s Chicago headquarters on Monday: improving the plane-maker’s strained relationships with regulators and airline customers, winning back public trust and getting the 737 Max — grounded for almost a … Read more…

Lululemon, Boeing, Tesla, Ford & more

Lululemon, Boeing, Tesla, Ford & more

Check out the companies making headlines before the bell: Lululemon (LULU) – The apparel maker raised its earnings and revenue guidance for the fourth quarter, citing holiday season momentum. Lululemon now expects a profit of $2.22 to $2.25 per share for the quarter, compared to a previous range of $2.10-$2.13 and a consensus estimate of … Read more…

What to know about new Boeing CEO David Calhoun

New Boeing chief executive takes over with the 737 Max crisis unresolved

Boeing’s new Chief Executive David Calhoun assumes the job Monday as the U.S. planemaker battles to recover from two fatal crashes of 737 Max planes that killed 346 people in five months and led to the model’s worldwide grounding in March. Calhoun, 62, a long-time Boeing director named chairman in October after the board stripped … Read more…

Value is beating growth only because of the way Apple is classified

Value is beating growth only because of the way Apple is classified

I have written before about the shift that appeared first in September when investors dumped their tech-heavy winners and bought barrels of underperforming financials, industrials, old-tech names, and even banks. My interest was more than academic; being on the wrong side of that trade, our firm experienced some of the worst singles days of relative … Read more…

No 737 Max parts for a month amid production halt

No 737 Max parts for a month amid production halt

Boeing Co. 737 fuselage sections sit on the assembly floor at Spirit AeroSystems in Wichita, Kansas. Daniel Acker | Bloomberg | Getty Images Boeing said Monday that it told suppliers to halt shipments of 737 Max parts for a month starting in January, providing new visibility into how the worldwide grounding of the bestselling plane … Read more…

Boeing fires CEO amid 737 Max crisis. Cramer and others react

Boeing fires CEO amid 737 Max crisis. Cramer and others react

Needless to say, it’s been a bad year for Boeing. Shares of the company have fallen more than 20% since the second fatal crash of the Boeing 737 Max 8 airplane model, which sparked a crisis cluttered with flight cancellations and groundings. Boeing’s stock has shed nearly 8% just in December as the manufacturer grappled … Read more…

What to know about new Boeing CEO David Calhoun

What to know about new Boeing CEO David Calhoun

Boeing’s incoming CEO David Calhoun, a 10-year board member, is inheriting a company in crisis, as the nation’s top exporter navigates the fallout from two crashes of its bestselling 737 Max planes. Analysts painted a picture of Calhoun as a logical choice to right the ship. Boeing ousted CEO Dennis Muilenburg, announcing Calhoun as his … Read more…

Corporate bond market has some positives, but may not do as well in 2020 as it did this year

Corporate bond market has some positives, but may not do as well in 2020 as it did this year

Traders work on the floor at the New York Stock Exchange. Eduardo Munoz | Reuters High-grade corporate bonds had a great year in 2019, but 2020 is not likely to be as good, though there are still plenty of positives for investors looking for a fixed income alternative to stocks. “Coming out of 2019 everything … Read more…