Boeing to raise as much as $25 billion to shore up balance sheet
Boeing said Tuesday that it could raise as much as $25 billion in shares or debt over three years, a move to increase liquidity as the troubled manufacturer faces a more…
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Walgreens to close 1,200 stores over the next three years
Walgreens said Tuesday it plans to close 1,200 stores over the next three years as it seeks to further downsize its footprint amid flagging sales and changing consumer behavior. The…
Protesters stage sit-in outside New York Stock Exchange to spotlight Gaza attacks
A group of protesters staged a sit-in outside the New York Stock Exchange on Monday morning amid continued Israeli attacks in Gaza. Approximately 500 individuals representing Jewish Voices for Peace,…
Boeing factory strike crosses 1-month mark as pressure mounts on new CEO
It’s been just over a month since more than 30,000 Boeing machinists walked off the job after overwhelmingly voting down a tentative contract. Costs and tensions have only risen since then. The strike is adding…
Why Honeywell CEO Vimal Kapur doesn’t think the AI payoff will come from productivity
As CEO of one of the world’s largest industrial conglomerates, Honeywell’s Vimal Kapur doesn’t think about AI like most individuals. It’s not about the threatened office worker. “There is always a…
Boeing to cut 17,000 jobs as losses deepen during factory strike
Boeing will cut 10% of its workforce, or about 17,000 people, as the company’s losses mount and a machinist strike that has idled its aircraft factories enters its fifth week. Boeing expects to…
AMD launches AI chip to rival Nvidia’s Blackwell
AMD launched a new artificial-intelligence chip on Thursday that is taking direct aim at Nvidia’s data center graphics processors, known as GPUs. The Instinct MI325X, as the chip is called, will…
TD Bank pleads guilty in money laundering case, will pay $3 billion in penalties
TD Bank pleaded guilty Thursday to multiple criminal charges and agreed to pay a whopping $3 billion in fines and other penalties to the Department of Justice and financial regulators for failing to…
DOJ and FTC warn consumers of fraud and price gouging risks ahead of Hurricane Milton
As Hurricane Milton approached landfall in western Florida on Wednesday, the Biden administration warned consumers and businesses of the heightened risk of potential fraud, price gouging and collusion that accompanies major natural…
Boeing withdraws contract offer after talks with union end without a deal
Boeing withdrew a contract offer for 33,000 machinists who have been on strike since mid-September, and said further negotiations “do not make sense at this point.” The machinists walked off the…