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Boeing calling back retirees to fix 737 production snags

Boeing Co (BA.N) is bringing retired workers back on the job as the world’s largest planemaker tries to fix delays at its 737 jetliner plant outside Seattle, a union official told Reuters on Monday. The snarl at its plant in Renton, Washington, triggered by shortages of engines and fuselages as Boeing sped production to record levels in June, is likely to hurt third-quarter results and threatens its goal to boost build rates again in 2019, some analysts said after meetings in the Seattle area last week. Investors will get a peek on Tuesday at how far behind Boeing …read more […]

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Boeing calling back retirees to fix 737 production snags

Boeing Co is bringing retired workers back on the job as the world’s largest planemaker tries to fix delays at its 737 jetliner plant outside Seattle, a union official told Reuters on Monday. The snarl at its plant in Renton, Washington, triggered by shortages of engines and fuselages as Boeing sped production to record levels in June, is likely to hurt third-quarter results and threatens its goal to boost build rates again in 2019, some analysts said after meetings in the Seattle area last week. Investors will get a peek on Tuesday at how far behind Boeing …read more […]

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Buckeye Partners says fuel pipeline repair delayed after spill

Buckeye Partners LP said on Monday it expects to begin full repair work this week on a closed jet fuel pipeline that breached over the weekend, spilling 8,000 gallons of fuel into the St. Marys River in Indiana. Clean-up efforts are underway but replacing the broken line has been delayed because of rain storms that have raised the river’s level near Decatur, Indiana, said Buckeye spokesman Marty White. In a statement on Monday, Buckeye said workers have removed “the significant majority” of the fuel from the water and said …read more […]

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Trump Wanted Higher Taxes on the Rich – and to Print Lots of Money: Woodward

Bob Woodward’s book on the Trump administration, “Fear: Trump in the White House,” hits bookstores Tuesday but has been making headlines for about a week as details leak out. According to a review of an advance copy obtained by Business Insider, the Woodward book includes some surprising details about President Trump’s preferred tax and monetary policy. Trump wanted a tax hike: During negotiations over the tax legislation in 2017, Trump reportedly wanted to raise the top individual income tax rate to 44 percent, up from 39.6 percent. …read more […]

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Cryptocurrencies ‘Here to Stay, Market Growing despite Recent Turbulence’: EU Watchdog Chief

Following the meeting of the EU Economic and Financial Affairs Council (ECOFIN) in Vienna, Austria on September 7, European Commission Vice-President Vladis Dombrovskis has stated that the Council’s position on cryptocurrencies is that they are here to stay despite market turbulence. CCN earlier reported that the 28 EU finance ministers would meet for an informal …read more […]

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Apple's dream of making iPads your only computer might actually come true if the latest rumor is accurate (AAPL)

Apple could shift from the Lightning port to USB-C for its upcoming iPad Pro, according to Apple analyst Ming Chi Kuo, who has reliably predicted Apple hardware in the past. A new and upcoming iPad Pro could come with a USB-C port instead of Apple’s proprietary Lightning port, according to Apple analyst Ming Chi Kuo, who has a great track record with Apple device predictions. …read more […]

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Stormy Daniels Says Trump’s Threats Are Based on a ‘Giant Lie’

President Donald Trump can’t just walk away from a $130,000 hush deal with Stormy Daniels after having conducted a six-month public relations campaign to discredit and bully the adult film actress, her lawyer said. Trump and his former lawyer, Michael Cohen, both filed court papers in recent days saying they wouldn’t seek to enforce the October 2016 contract to keep Daniels quiet about a sexual tryst she says she had with Trump, or challenge claims that it wasn’t valid. Daniels’s lawyer, Michael Avenatti, said in a filing Monday that their change of heart was evidence Trump and Cohen …read more […]