Boeing's Stock Continues Steep Slide As More Nations Ban 737 MAX 8 Planes
Boeing's stock fell sharply for a second straight day as more nations and airlines grounded the company's 737 MAX 8 planes.
Boeing's stock fell sharply for a second straight day as more nations and airlines grounded the company's 737 MAX 8 planes.
The United Kingdom and at least five other nations have halted flights of Boeing 737 Max 8 planes in their airspace, following two deadly crashes involving the aircraft in the past six months.
The FAA is calling for design changes on the 737 Max 8 aircraft following two recent crashes, and they want them in place by April.
The sharp selloff is a sign that Chicago-based Boeing has a serious crisis on its hands. Almost three-quarters of Boeing's 2018 deliveries were 737 planes. And Boeing plans to build 59 new 737s each month in 2019.
Boeing will have operational and management control of the company. Embraer will keep consent rights for some decisions, such as the transfer of operations from Brazil.
The lawsuit was filed Thursday in the Circuit Court of Cook County where Boeing is headquartered.
The university says the center will elevate Iowa State's commitment to interdisciplinary, experiential learning and enrich the learning experience for students.
Boeing delivered 190 airliners in the quarter. That is down 12 from the same period last year, but Boeing remains ahead of its 2017 pace.
Exoskeleton vests are being introduced in 15 auto plants in seven countries, and the business of providing technology to augment the human workforce is expected to boom in the coming years.
Boeing's first Starliner crew will include a former NASA astronaut who commanded the last shuttle flight in 2011.
On the eve of announcing the first crews to blast off aboard commercial crew capsules being built by Boeing and SpaceX, NASA posted updated launch targets Thursday that, as expected, push the first piloted flights to the spring or summer of 2019.
Tesla released a video on Tuesday that shows ones of its electric SUVs towing a 287,000-pound Boeing 787-9 dreamliner nearly 1,000 feet on a taxiway at the Melbourne Airport in Australia.
Ten passengers have filed lawsuits against Boeing, General Electric Aviation and American Airlines after the airplane they were on caught fire last October on the tarmac of O'Hare International Airport when part of an engine failed.
The Museum of Science and Industry opened Tuesday a new temporary exhibit, presented by Boeing in celebration of its 100th anniversary.
Boeing Co. said Tuesday it signed an agreement with Iran Air "expressing the airline's intent" to buy its aircraft, setting up the biggest business deal between the Islamic Republic and America since the 1979 U.S. Embassy takeover in Tehran.
Boeing shareholders overwhelmingly voted down a proposal to disclose more information about the company's weapons sales to Israel on Monday, but anti-war activists behind the idea pledged to keep up the fight.
Boeing's new bathroom design uses ultraviolet light to clean the bathroom between uses. The Chicago-based company says the system will take three seconds to clean the toilet seat, sink and countertop in an unoccupied lavatory.
Two Illinois companies were targeted by a brazen insider trading ring. Federal authorities broke up a ring that used hackers to steal corporate press announcement from Chicago-based Boeing, Peoria-based Caterpillar, and several other companies, and then profit from that information before it became public.
Archer Daniels Midland Co. is the biggest revenue generator among all Illinois-based companies, according to state-by-state breakdown.
Protesters planned to begin their march at Boeing headquarters, as the company manufactures some of the combat drones used by the U.S. military. They'll march to a National Guard base in Battle Creek, Michigan, where a drone control center is under construction.
For decades, the Boeing 747 was the Queen of the Skies. But the glamorous double-decker jumbo jet that revolutionized air travel and shrunk the globe could be nearing the end of the line.
The petitioners -- including one U.S. national and 29 residents of China, four of whom are minors -- filed the petition Monday in Cook County Circuit Court.
Just days after Boeing's Dreamliner jets returned to the skies, a broadcast report from Tokyo indicates there was a sensor problem with one of the replacement batteries in a 787 in the Japan Airlines fleet.
The planes, made by Chicago-based Boeing, are returning after being grounded for four months by the federal government because of smoldering batteries on 787s owned by other airlines.
A Boeing 787 operated by Ethiopian Airlines flew from Ethiopia to Kenya's capital Saturday, the first commercial flight since air safety authorities grounded the Dreamliners after incidents with smoldering batteries on two different planes in January.
Last October, officers say Leotis Carter was drunk when he went south in the northbound lanes of DuSable Lake Shore Drive near the I-55 exit ramp.
The Kendall County Sheriff's Office said they were assisting the Plano Police Department with reports of shots fired just before 7 p.m. Friday on Pratt Street—a residential area in Plano.
A Beach Hazard statement remains in place through Monday morning for waves 6 to 10 feet.
A Chicago man who made history as the first-ever two-time mixed martial arts world champion is now expanding his reach and serving as a mentor to others.
The jeweler estimated that $300,000 in merchandise was lost.
The Wisconsin Supreme Court ruled Friday that Robert F. Kennedy Jr.'s name will remain on the state's presidential ballot, upholding a lower court's ruling that candidates can only be removed from the ballot if they die.
The U.S. Senate passed a resolution Friday honoring the life of a 6-year-old Palestinian-American Wadee AlFayoumi of Illinois. AlFayoumi died after he was stabbed 26 times in front of his mother in October 2023.
Here are the rules of the CBS News vice presidential debate between JD Vance and Tim Walz.
During the Tuesday night meeting, the clerk grabbed the mayor's gavel after she made several requests for the mayor to stop pointing it at her.
Chicago Police Supt. Larry Snelling talked with CBS News Chicago about victories and challenges after a year in the job.
Michael Cozzi bought a prepaid debit card for his friend and put $300 on it—only to be told by every party involved with the card that it was in somebody else's name and he couldn't unlock the money.
The New York Times has unveiled the 2024 edition of their list of the top 50 restaurants in the U.S., and a Chicago steakhouse is among the spots that made the national cut.
Earlier this year, CBS News Chicago reported on Monica Davis, a suburban woman who has since been arrested on accusations of pretending to be a dentist.
The Internet lit up this week with news that a Chicago restaurant is offering a luxe cocktail for $13,000, purportedly the most expensive martini in the United States.
Scammers have taken more than $100 million meant for senior citizens' Medicare bills, which comes from taxpayer money. The fraud scheme was exposed after swindlers made $3 billion worth of fake Medicare claims.
The government has already disbursed more than 900 million free at-home COVID-19 tests, and will be reopening its free test kit portal.
According to the Cook County Department of Animal and Rabies Control, the bats were both found Monday.
The Food and Drug Administration ended a program that provided free COVID-19 vaccines in August of 2024.
Earlier this year, CBS News Chicago reported on Monica Davis, a suburban woman who has since been arrested on accusations of pretending to be a dentist.
The Gift of Hope Organ Donor Care Center is focused on deceased patients whose lungs, hearts and more will live on in others.
Greyhound said its lease is up on Oct. 20, but Greyhound is "working with local officials and stakeholders to determine the path forward."
Experts say the warmer early fall temperatures mean some of the summer fruits and veggies we love. But it also means some fall produce could be delayed.
The sale has those in the real estate industry excited.
The factory's parent company said it gave workers the opportunity to move to other facilities.
One season ticket owner shared his take. His seats for Sunday, with a face value of $250, sold for about $599 each.
British actress Dame Maggie Smith had an extensive career in theater and movies, gaining international acclaim in later roles in "Harry Potter" and "Downton Abbey."
The adventure begins for 16 ordinary Americans as they embark on their trek to the top of the treacherous New Zealand Alps in 'The Summit.'
Since their debut nearly 35 years ago, Pearl Jam has been one of the world's most popular and influential rock groups. Lead singer Eddie Vedder and bassist Jeff Ament talk about success, friendship, creativity, and giving back to their loyal fans.
United said demand for its flights surges wherever Taylor Swift jets off to for her next concert.
Sean "Diddy" Combs is facing three charges, including sex trafficking, stemming from an investigation by federal authorities.
A new vinyl album contains rediscovered tracks dating back to 1985, and an upcoming release party will celebrate the forgotten tunes and benefit epilepsy research. Rob Stepen, founder of the Generations Band, talks more about the music and benefit release party at Durty Nellie's Pub in Palatine.
The city council there passed a bill to make it legal. A legal aid nonprofit there applauds the decision, saying jaywalking enforcement disproportionately impacts minorities.
In 1972, the plane of U.S. Marine Corps Captain Ronald Forrester of Texas vanished during a nighttime combat mission in Vietnam.
Last October, officers say Leotis Carter was drunk when he went south in the northbound lanes of DuSable Lake Shore Drive near the I-55 exit ramp.
CBS News Chicago is the proud media sponsor of the event. Dorothy Tucker will serve as emcee. Hear from some of the participants about what the walk means to them.
The Kendall County Sheriff's Office said they were assisting the Plano Police Department with reports of shots fired just before 7 p.m. Friday on Pratt Street—a residential area in Plano.
The stabbing earlier this month took the life 2-year-old Christopher—the family's so-called "miracle baby."
Last October, officers say Leotis Carter was drunk when he went south in the northbound lanes of DuSable Lake Shore Drive near the I-55 exit ramp.
The record comes in a season in which the White Sox had multiple double-digit losing streaks and fired manager Pedro Grifol.
Rhyker Earl, 26, suffered a seizure on the night of Sunday, Sept. 8, at a home in DeMotte, Indiana.
The complaint alleges "a pattern of discrimination that has caused an increasingly hostile environment at UChicago for Palestinian, Arab, and Muslim students and students associated with them."
Chicago Police Supt. Larry Snelling talked with CBS News Chicago about victories and challenges after a year in the job.
Car break-ins were the source of a whopping 40% of gun thefts last year.
The sum was less than attorneys were seeking.
Some of these veterans live in the Chicago area, and many are scattered around the country suffering from debilitating illnesses.
A Chicago man who made history as the first-ever two-time mixed martial arts world champion is now expanding his reach and serving as a mentor to others.
Sosa will be part of the nonprofit charity organization Club 400 Cubs' 10th-anniversary bash Saturday night in northwest suburban Lake in the Hills.
The Detroit Tigers earned an AL wild card berth on Friday night, ending a decade-long postseason drought.
The record comes in a season in which the White Sox had multiple double-digit losing streaks and fired manager Pedro Grifol.
It was the fastest nine-inning game for the Cubs since they finished a 3-0 victory over the Reds in 1 hour, 48 minutes on May 24, 2001, at Wrigley.
The jeweler estimated that $300,000 in merchandise was lost.
The Kendall County Sheriff's office did not specify the condition of the suspect, but said no officers were injured, and there was no ongoing threat to the community.
Both were in good condition.
The new association will streamline coordination between everyone involved—acting as a connector for businesses big and small, loss prevention specialists, and law enforcement.
Rhyker Earl, 26, suffered a seizure on the night of Sunday, Sept. 8, at a home in DeMotte, Indiana. On Friday, body camera footage was released that shows officers handcuffing and restraining him.