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Trump meets with airline CEOs over Qatar subsidy accusations

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WASHINGTON (Reuters) – U.S. President Donald Trump met on Thursday with the chief executives of major American airlines to discuss their accusations that subsidies by Qatar and United Arab Emirates are costing jobs in the United States. FILE PHOTO: A Qatar Airways Boeing 787-8 Dreamliner airplane is pictured at Leonardo da Vinci-Fiumicino Airport in Rome, Read More

Korean Air to buy 20 Boeing 787s, lease 10 more

2 days ago DieselGasoil Comments Off on Korean Air to buy 20 Boeing 787s, lease 10 more
FILE PHOTO: A photographer takes a photo during the first flight of the new Boeing 787-10 Dreamliner at the Charleston International Airport in North Charleston, South Carolina, United States March 31, 2017. REUTERS/Randall Hill (This June 19 story corrects to fix types of aircraft being purchased and leased in paragraph 2) SEOUL (Reuters) – Korean Read More

Boeing reshuffles management of grounded 737: memo

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SEATTLE (Reuters) – Boeing Co (BA.N) has reassigned the head of its next airplane project to run the troubled 737 program, according to a memo seen by Reuters on Thursday, as the grounding of its 737 MAX in the wake of two accidents commands the planemaker’s full attention. FILE PHOTO: Eric Lindblad, Vice President and Read More

Boeing 737 program manager to retire amid crisis over jet’s grounding: memo

1 week ago DieselGasoil Comments Off on Boeing 737 program manager to retire amid crisis over jet’s grounding: memo
FILE PHOTO: Eric Lindblad, Vice President and General Manager of the Boeing 777X, speaks at Boeing’s production facility in Everett, Washington, U.S. June 1, 2017. REUTERS/Jason Redmond SEATTLE (Reuters) – Boeing’s 737 jet program manager, Eric Lindblad, will retire in a matter of weeks after roughly 12 months on the job, according to a company Read More

Trade hopes lift S&P to record as tech leads

3 weeks ago DieselGasoil Comments Off on Trade hopes lift S&P to record as tech leads
NEW YORK (Reuters) – U.S. stocks climbed on Monday, but finished off earlier highs, led by gains in technology stocks on optimism for progress in U.S.-China trade talks and signs of a likely reprieve for Chinese telecom company Huawei. Despite losing some of its initial steam, the S&P 500 still managed to close at a Read More

Stocks rise on trade hopes, but off from earlier high

3 weeks ago DieselGasoil Comments Off on Stocks rise on trade hopes, but off from earlier high
NEW YORK (Reuters) – U.S. stocks climbed on Monday, but were well off highs that sent the S&P 500 to a record, fueled by gains in technology stocks on optimism for progress in U.S.-China trade talks and signs of a likely reprieve for Chinese telecom company Huawei. The United States and China agreed on Saturday Read More

Wall Street rises as trade hopes drive tech gains; S&P at record-high

3 weeks ago DieselGasoil Comments Off on Wall Street rises as trade hopes drive tech gains; S&P at record-high
(Reuters) – Wall Street’s main indexes rose on Monday, with the S&P 500 hitting an all-time high, as technology stocks gained on growing optimism around U.S.-China trade talks and a likely reprieve for Chinese telecoms company Huawei. “We’re right back on track,” U.S. President Donald Trump said after the world’s two largest economies agreed to Read More

Wall Street rallies as trade optimism lifts tech stocks

3 weeks ago DieselGasoil Comments Off on Wall Street rallies as trade optimism lifts tech stocks
(Reuters) – Wall Street’s main indexes rallied on Monday, with the S&P 500 hitting an all-time high, as technology stocks gained on growing optimism around U.S.-China trade talks and a likely reprieve for Chinese telecoms company Huawei. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., Read More

Anything to cut costs? Boeing accused of outsourcing 737 MAX software at $9 an hour

3 weeks ago DieselGasoil Comments Off on Anything to cut costs? Boeing accused of outsourcing 737 MAX software at $9 an hour
Boeing has been partially outsourcing software development to low-paid subcontractors to save costs, Bloomberg has learned, suggesting that inadequate quality control practices may have contributed to fatal 737 MAX crashes. Newly graduated programmers employed by third-party software developers – including Indian HCL Technologies Ltd and Cyient Ltd – were making as little as $9 dollars Read More

U.S. prosecutors subpoena records on Boeing 787 production: Seattle Times

3 weeks ago DieselGasoil Comments Off on U.S. prosecutors subpoena records on Boeing 787 production: Seattle Times
FILE PHOTO: The Boeing logo is pictured at the Latin American Business Aviation Conference & Exhibition fair (LABACE) at Congonhas Airport in Sao Paulo, Brazil August 14, 2018. REUTERS/Paulo Whitaker (Reuters) – Federal prosecutors have subpoenaed records from Boeing Co (BA.N) relating to the production of the 787 Dreamliner in South Carolina, the Seattle Times Read More