Air India crash puts Boeing bosses
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Boeing delivered a new 787-9 aircraft to China's Juneyao Airlines on Saturday, Chinese media outlet Yicai reported, as trade tensions between Beijing and Washington ease.
Boeing remains a dominant aerospace player with long-term upside, despite recent crises and compressed financials. Read why we remain bullish on the stock and the turnaround potential.
The crash happened just weeks after the company cut a deal with the U.S. government to avoid taking criminal responsibility for a pair of deadly crashes in 2018 and 2019.
A London-bound Air India plane carrying more than 240 people crashed shortly after takeoff Thursday. Authorities said there were no known survivors.
Despite its current price of approximately $205, which may seem like a reasonable valuation, we do not consider Boeing stock to be a compelling investment at this moment.
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Last year, the F.A.A. said it was also investigating claims by a Boeing engineer that parts of the fuselage, or body, of the Dreamliner were improperly fastened together, which the whistle-blower said could cause premature damage to the plane over years of use.
Boeing’s Air Force One project has fallen years behind schedule and billions of dollars over budget amid continued labor and design hiccups. The Government Accountability Office said in a report this week that “ongoing design issues,
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J.M. Smucker is struggling with coffee inflation and shoppers’ weak appetite for snacks. The maker of Folgers coffee, Jif peanut butter and Smucker’s jams posted lower fourth-quarter sales and swung to a loss.