BA Sep 2024 260.000 put
- Yahoo Finance Video
DOJ: Boeing violated deal reached to avoid 737 MAX prosecution
The Justice Department found that Boeing (BA) violated the terms of the 2021 agreement it reached to avoid prosecution over the two deadly crashes involving its 737 MAX jets. Prosecutors must decide by July 7 whether to file charges against the aircraft company. Boeing has until June 13 to challenge the Justice Department's findings, according to The Wall Street Journal, and Boeing believes it has honored the terms of the agreement. Despite this latest news, Wall Street remains bullish on the stock, feeling optimistic about the company's future as it comes under new leadership. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl
- Associated Press Finance
The US says Boeing violated a 2021 settlement. That doesn't mean the company will face charges
The Justice Department's determination that Boeing violated corporate probation for deceiving federal regulators does not necessarily mean federal prosecutors will revive criminal charges against the giant aircraft manufacturer. The Justice Department said in a court filing Tuesday that Boeing had violated terms of a 2021 settlement that allowed it to avoid prosecution for actions that led up to two deadly crashes involving the company's 737 Max jetliners more than five years ago. What follows is an explanation of the Justice Department’s options and other things to know about the case. WHAT IS BOEING ACCUSED OF?
- Reuters
Renaissance Technologies, Two Sigma among funds that dumped Boeing in first quarter
Renaissance Technologies, Two Sigma Investments and Arrowstreet Capital were among large firms that sold all their shares of embattled aircraft maker Boeing Co in the first quarter, according to securities filings released on Wednesday. Renaissance Technologies sold 1,057,900 shares in Boeing over the first quarter, a position that was worth slightly more than $240 million at the end of the period and would be worth about $187 million now. Two Sigma Investments sold 108,423 shares, while Arrowstreet Capital sold 47,571 shares.
