Boeing fell more than 1.2%, the U.S. Department of Justice may consider filing a lawsuit against it for violating the settlement agreement

Boeing (BA.US) fell more than 1.2% to $178.54

Boeing (BA.US) fell more than 1.2% to $178.54.
On the news, the U.S. Department of Justice said that Boeing violated a 2021 settlement agreement with the Department of Justice. The agreement had exempted Boeing from two Boeing 737 MAX 8 crashes in 2018 and 2019. He was criminally prosecuted for a plane accident.
Boeing failed to design, implement and execute a compliant and ethical program to prevent and detect violations of U.S. fraud laws in its operations, in accordance with the terms of the settlement agreement.
The U.S. Justice Department is weighing whether to prosecute Boeing.
In addition, the first manned flight of Boeing Starliner has been postponed again. It will be postponed to at least May 21.

Like (0)
Previous May 15, 2024 10:59 pm
Next May 15, 2024 10:59 pm

Related posts

  • Shriram Properties’ shares rise 2.9% after acquiring 4-acre land parcel in Bengaluru

    Real estate developer Shriram Properties Ltd (SPL) has announced the acquisition of a 4-acre land parcel in Chandapura, Bengaluru.

    US Stocks Focus May 3, 2024
  • Founder Technology: Profit of 76.9094 million yuan in the first quarter of 2024, a year-on-year loss

    Founder Technology (600601) disclosed its first quarter report for 2024 on April 26. In the first quarter of 2024, the company achieved total operating income of 769 million yuan, a year-on-year increase of 13.02%; net profit attributable to the parent company was 76.9094 million yuan, a year-on-year loss; non-net profit after deduction was 45.5936 million yuan, a year-on-year loss; net cash flow generated from operating activities was 173 million yuan, a year-on-year increase of 235.49%; during the reporting period, Founder Technology’s basic earnings per share was 0.02 yuan, and the weighted average return on net assets was 1.98%.

    US Stocks Focus April 25, 2024
  • Buzzing stocks.Stocks that will see action today: April 29, 2024

    Apollo HealthCo Limited, a subsidiary of Apollo Hospitals Enterprise Limited, has entered into a binding agreement to raise equity capital of ₹2,475 crore from Advent International, one of the world’s largest and most experienced global private equity investors. In addition, Apollo 24/7 has entered into a framework agreement to integrate 100% of Keimed Private Limited, India’s leading wholesale pharma distributor, in a phased manner over the next 24-30 months.

    US Stocks Focus April 29, 2024
  • IPO screener.Aadhar Housing IPO : Blackstone-backed company to list shares today

    Shares of Aadhar Housing Finance will make their debut on the bourses on Wednesday. The company has fixed the IPO price at ₹315, at the upper end of the price range of ₹300-315.

    US Stocks Focus May 15, 2024
  • Netweb Technologies launches new manufacturing facility in Faridabad; stock ends weak

    Netweb Technologies India Limited inaugurated its flagship computing server, storage, and switch manufacturing facility in Faridabad. The new facility commenced its commercial production and is expected to create local job opportunities to stimulate economic growth in the region.

    US Stocks Focus May 10, 2024
  • Lei Juncheng became the top performer at the Beijing Auto Show, and Zhiji CEO Liu Tao was ridiculed by netizens…

    The 2024 Beijing Auto Show held a media day event today, and a number of car industry tycoons appeared on site to promote their products. Although Xiaomi Motors was officially launched less than a month ago, Lei Jun has undoubtedly become the top performer at this auto show. This morning, the Xiaomi car launch conference was crowded with people. At the scene, Lei Jun said frankly, \”Xiaomi SU7 has become so popular after its release, I feel a lot of pressure.\” \”I know what kind of test Xiaomi SU7 will face. Sure enough, it was subjected to various \”tragic\” tests after its release, and everyone was using a magnifying glass to find various problems. I am very fortunate that Xiaomi SU7 has basically endured it and finally developed into a good car that has been personally tested by millions of netizens and carefully selected by millions of netizens.\” Lei Jun also generously responded to the phenomenon of \”friends and businessmen cutting off the rules\” – in the past four days, a lot of things have happened in the industry, including…

    US Stocks Focus April 25, 2024