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GM says strike cost it $1.1 billion - but it could post record profit this year
A 46-day strike took only a modest bite out of General Motors earnings for 2023, and America’s largest automaker said it expects profit to bounce back to near or above record levels this year regardless of the higher labor costs, forecasts of weaker car prices and other headwinds.
UPS cuts 12,000 jobs
UPS announced Tuesday that it will cut 12,000 jobs as part of a bid to save $1 billion costs. Managers and contractor positions will make up most of the layoffs.
Tesla recalling 2.2 million vehicles for too-small warning lights
Tesla is recalling 2.2 million of its vehicles on US roads because the font size of the warning lights on its display is too small, according to federal safety regulators.
The vast majority of California flood victims’ losses won’t be covered by insurance
Many victims of the massive storms now battering Southern California about are to be hit with another heartbreak - discovering their insurance won’t cover the damage.
Boeing supplier swings profit despite recent problems
Spirit AeroSystems, the troubled Boeing supplier which builds fuselages and other parts for the company, reported its first adjusted quarterly profit since the start of 2022, helped by increased payments from Boeing.
Another accident like Boeing’s door plug blowout could happen again, NTSB chair says
Jennifer Homendy, chair of the National Transportation Safety Board, says that the problem that resulted in a door plug blowing out of a Boeing 737 Max 9 jet minutes into a January 5 flight could happen again.
Dartmouth basketball teams vote to join first college athletics union
Members of the Dartmouth College men’s basketball team Tuesday became the first college athletes to vote to join a union.
Dartmouth basketball players could become first unionized college athletes
Basketball players at Dartmouth will get a chance to vote on whether to join a union, a potential breakthrough in efforts to unionize the lucrative business of college sports.
Harvard condemns antisemitic image circulated by pro-Palestinian groups on campus
Harvard University and its interim president have condemned an image circulated on social media by pro-Palestinian campus groups, prompting the groups to remove and apologize for the posting.
The 737 Max grounding will cost Alaska Airlines $150 million
The grounding of the 737 Max 9 after a January 5 incident that blew a hole in the side of an Alaska Airlines plane earlier this month will cost the airline about $150 million, Alaska announced Thursday.
2023: A Year of Strikes - What's on the Horizon for 2024?
The number of major strikes jumped 43% to 33 in 2023, according to the official Labor Department count released Wednesday, the biggest number of large work stoppages in America in more than 20 years.
Anthony Blinken - another problem with his Boeing plane - went by car
US Secretary of State Antony Blinken is the latest person dealing with problems with a Boeing jet.
He was a hero on Alaska Air 1282 - now, pickets for ‘livable’ wage
Steve Maller, a flight attendant for nearly 20 years, was one of the flight attendants on the Alaska Airlines flight 1282 when a door plug blew out.
Port of Baltimore could reopen as soon as May, expert says
Demolition workers could open a channel for ships to move in and out of the Port of Baltimore as soon as one month after required equipment arrives on scene, according to an expert in the field familiar with ongoing discussions.
Boeing orders bounce back on demand for plane it can’t deliver yet
Boeing’s commercial jet orders bounced back in March, but it was due to a large order from American Airlines for a plane the Federal Aviation Administration hasn’t even approved to carry passengers yet.
Boeing removes head of 737 Max program in wake of safety incidents
Boeing removed executive Ed Clark, the head of its 737 Max passenger jet program, in the wake of several safety and quality-related incidents.
Boeing CEO Dave Calhoun to step down in wake of ongoing safety problems
Boeing CEO Dave Calhoun said Monday he intends to leave the beleaguered company by the end of the year in a major shakeup of the company’s leadership. Boeing’s chairman and the head of the commercial airplane unit are also leaving.
New problem found on Boeing 737 Max planes
A new problem has been found during the production of 737 Max jets that will force Boeing to rework about 50 planes that have not yet been delivered.
FAA finds ‘multiple instances’ of Boeing quality control issues
The Federal Aviation Administration has found multiple problems with Boeing’s production practices, follow a six-week audit of Boeing triggered by the January 5 door plug blowout on an Alaska Airlines Boeing 737 Max 9.
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