Text size The Federal Aviation Administration gave clearance to Boeing to begin deliveries of the 787 Dreamliner after approving the company’s plan to correct production problems with the aircraft. Dreamstime Boeing investors got two bits of good news Monday that was sending the higher. One item was a far bigger deal than the other. The … Read more
U.S. air-safety regulators signed off on a Boeing plan aimed at addressing problems with the 787 Dreamliner, a major step before the company restarts deliveries of the aircraft, according to people familiar with the matter. The first 787 delivery is expected to occur within days, one of the people familiar with the matter said. Resuming deliveries … Read more
A group of SpaceX employees reportedly wrote a letter to the company’s executives that detailed frustrations over the recent behavior and public statements of the company’s founder and chief executive, Elon Musk. According to the Verge, the publication that first reported on the letter’s existence, employees referred to Musk’s behavior as a “distraction and embarrassment” … Read more
Boeing said Wednesday that it lost $1.2 billion in the first quarter as it took large write-downs and lost money in both its civilian-airplane and defense businesses. The loss was bigger than Wall Street had forecast, and the company’s quarterly revenue also fell short of expectations. Boeing burned through $3.2 billion in cash. “Messier quarter … Read more
Elon Musk offered to buy Twitter for $43 billion. He currently has a 9.2% stake in Twitter. Photo by Christian Marquardt – Pool/Getty Images Text size Twitter adopted a so-called poison pill Friday in a bid to ward off Elon Musk’s unsolicited $43 billion takeover offer. The board unanimously approved a limited duration shareholder rights … Read more
Text size Elon Musk, CEO of Tesla. Suzanne Cordeiro/AFP via Getty Images Tesla CEO Elon Musk offered to buy the social- media platform Twitter on Thursday, sending shares of the car maker lower. Investors might be worried about distraction for Musk as Tesla ramps up production at new plants, but there are other potential concerns … Read more
Elon Musk’s newly disclosed 9.2% stake in Twitter Inc. has made him the largest shareholder of the social media-company, topping co-founder and former Chief Executive Jack Dorsey and elbowing out numerous financial institutions. Mr. Musk reported owning almost 73.5 million shares of Twitter as of March 14, according to a securities filing Monday.
Text size Lockheed Martin F-35C Lightning II planes. Support Element West / Lockheed Martin Shares of the defense giant Lockheed Martin were falling Wednesday after a Bloomberg report that the U.S. government will buy fewer F-35 jet fighters in fiscal 2023. The size of the cut looks small, but investors are selling anyway, perhaps due … Read more