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Spirit Aero to furlough 700 workers for 21 days due to Boeing strike

UPDATE 1-Spirit Aero to furlough 700 workers for 21 days due to Boeing strike Furloughs affect employees on Boeing's 767 and 777 programs Spirit Aero warns of further layoffs if strike continues past November Adds Spirit statement, CEO comment in paragraphs 1, 4-5, details on Boeing furloughs in paragraph 10; share activity in last paragraph By Allison Lampert and Mike Stone Oct 18 (Reuters) - Spirit AeroSystems SPR.N told employees on Friday that it will furlough 700 workers for 21 days as an o
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US FAA opens new oversight review into Boeing safety practices

UPDATE 1-US FAA opens new oversight review into Boeing safety practices Adds details, no immediate comment from Boeing in paragraphs 2-10 By David Shepardson WASHINGTON, Oct 18 (Reuters) - The Federal Aviation Administration said on Friday it will open a new safety review into Boeing BA.N as the agency continues aggressive oversight of the U.S. planemaker after an in-flight emergency in January The new review will probe issues like risk-assessment quality, resource allocation, and adherence to r
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Spirit AeroSystems implements furloughs for 700 workers as Boeing strike drags on

Spirit AeroSystems implements furloughs for 700 workers as Boeing strike drags on Oct 18 (Reuters) - Spirit AeroSystems SPR.N said on Friday it will implement a 21-day furlough for about 700 employees working on Boeing's BA.N 767 and 777 programs as a strike at the planemaker's West Coast factories dragged on. Reporting by Utkarsh Shetti in Bengalu
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Spirit Aerosystems Announces Furloughs

BRIEF-Spirit Aerosystems Announces Furloughs Oct 18 (Reuters) - Spirit AeroSystems Holdings Inc SPR.N : SPIRIT AEROSYSTEMS ANNOUNCES FURLOUGHS SPIRIT AEROSYSTEMS - EFFECTIVE OCTOBER 28, SPIRIT WILL IMPLEMENT A 21-DAY FURLOUGH FOR APPROXIMATELY 700 EMPLOYEES WORKING ON THE 767 AND 777 PROGRAMS SPIRIT AEROSYSTEMS: FURLOUGHS IN RESPONSE TO STRIKE BY B
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FAA says new Boeing safety review will take about three months

FAA says new Boeing safety review will take about three months WASHINGTON, Oct 18 (Reuters) - A new Federal Aviation Administration review of Boeing's safety processes will take about three months, the agency said in a statement on Friday. "This review is part of our aggressive oversight to ensure Boeing has the right tools to sustain lasting changes to its safety culture," it said.
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Spirit Aero to furlough 700 workers for 21 days due to Boeing strike

EXCLUSIVE-Spirit Aero to furlough 700 workers for 21 days due to Boeing strike Furloughs affect employees on Boeing's 767 and 777 programs Spirit Aero warns of further layoffs if strike continues past November By Allison Lampert and Mike Stone Oct 18 (Reuters) - Spirit AeroSystems SPR.N will tell employees on Friday that it will furlough 700 workers for 21 days as an over month-long strike at U.S.
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Inflation is not dead, it’s just resting

RPT-BREAKINGVIEWS-Inflation is not dead, it’s just resting The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Edward Chancellor LONDON, Oct 18 (Reuters Breakingviews) - Over the past three years inflation has gone from “transitory” to “persistent” to, well, boring. Across the developed world annual price increases are returning towards the subdued 2% level targeted by many central banks.
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U.S. Elevance Health, Microsoft, UnitedHealth

U.S. RESEARCH ROUNDUP-Elevance Health, Microsoft, UnitedHealth Oct 18 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Elevance Health, Microsoft, and UnitedHealth, on Friday. HIGHLIGHTS * Air Products APD.N : JP Morgan raises target price to $350 from $340 * Elevance Health ELV.N : RBC cuts target price to $478 from $585 * Microsoft MSFT.O : Piper Sandler cuts target price to $470 from $485 * Texas Capital Bancshares
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Inflation is not dead, it’s just resting

BREAKINGVIEWS-Inflation is not dead, it’s just resting The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Edward Chancellor LONDON, Oct 18 (Reuters Breakingviews) - Over the past three years inflation has gone from “transitory” to “persistent” to, well, boring. Across the developed world annual price increases are returning towards the subdued 2% level targeted by many central banks.
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US dollar buoyed by retail sales data, euro falls as more cuts underway

REFILE-FOREX-US dollar buoyed by retail sales data, euro falls as more cuts underway Removes extraneous euro rate in 10th paragraph US dollar index hits fresh 11-week high US retail sales rise in September ECB cuts rates for 3rd time this year US rate future price in 44 bps of cuts this year By Karen Brettell and Gertrude Chavez-Dreyfuss NEW YORK, Oct 17 (Reuters) - The U.S.
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Biden administration eases restrictions on space-related exports to allies

UPDATE 2-Biden administration eases restrictions on space-related exports to allies Changes sourcing, adds proposed rule, Commerce official comment By Karen Freifeld Oct 17 (Reuters) - The Biden administration o n Thursday ease d export restrictions on U.S. commercial space companies to ship certain satellite and spacecraft-related items to allies and partners.
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Thursday economics roundup: Solid footing, soft landings

LIVE MARKETS-Thursday economics roundup: Solid footing, soft landings Main U.S. stock indexes modestly green Tech leads S&P sector gainers; Real Estate down the most Euro STOXX 600 index up ~0.8%; ECB cuts rates 25 bps Dollar, gold, crude gain; bitcoin dips U.S. 10-Year Treasury yield jumps to ~4.09% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters.
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Boeing strike, Hurricane Helene weigh on US industrial production

Boeing strike, Hurricane Helene weigh on US industrial production WASHINGTON, Oct 17 (Reuters) - U.S. industrial production fell in September, weighed down by a strike at Boeing BA.N and two hurricanes, including Helene. Industrial output dropped 0.3% last month after a downwardly revised 0.3% gain August, the Federal Reserve said on Thursday. Economists polled by Reuters had forecast industrial production falling 0.2% after a previously reported 0.8% jump in August.
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Strong discretionary spending buoys US retail sales in September

WRAPUP 2-Strong discretionary spending buoys US retail sales in September Adds Fed data, background, analyst comments in paragraphs 5, 10, 13-16, 20-21, 24 Retail sales up 0.4% last month; August unrevised Core retail sales jump 0.7%; August gain unrevised at 0.3% Weekly jobless claims fall 19,000 to 241,000 Continuing claims rise 9,000 to 1.867 million By Lucia Mutikani WASHINGTON, Oct 17 (Reuters) - U.S.
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US weekly jobless claims unexpectedly fall

US weekly jobless claims unexpectedly fall WASHINGTON, Oct 17 (Reuters) - The number of Americans filing new applications for unemployment unexpectedly fell last week, but could remain elevated in the near-term amid the effects of Hurricanes Helene and Milton, obscuring the labor market picture. Initial claims for state unemployment benefits dropped 19,000 last week to a seasonally adjusted 241,000 for the week ended Oct.
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Sustainable Switch -Boeing workers strike as VW tensions rise

Sustainable Switch -Boeing workers strike as VW tensions rise Oct 17 - By Sharon Kimathi Energy and ESG Editor, Reuters Digital sharon.kimathi@thomsonreuters.com Hello! Today’s newsletter focuses on the plight of Boeing and Volkswagen factory workers as they keep up the fight for better working conditions, higher wages and improved pensions. In the United States, Boeing workers held a large rally in Seattle to demand a better wage deal, raising pressure on new CEO Kelly Ortberg to end a strike
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Etihad In Early Talks With Boeing, Airbus For Widebody Aircraft - Bloomberg News

BRIEF-Etihad In Early Talks With Boeing, Airbus For Widebody Aircraft - Bloomberg News Oct 17 (Reuters) - ETIHAD IN EARLY TALKS WITH BOEING, AIRBUS FOR WIDEBODY AIRCRAFT - BLOOMBERG NEWS ETIHAD WILL MOST LIKELY CHOOSE BETWEEN THE AIRBUS 350 AND BOEING 777X - BLOOMBERG NEWS Source text : https://tinyurl.com/2ykeha4z
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U.S. Constellation Energy, Morgan Stanley, Uber

U.S. RESEARCH ROUNDUP-Constellation Energy, Morgan Stanley, Uber Oct 17 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Constellation Energy, Morgan Stanley, and Uber, on Thursday. HIGHLIGHTS * Constellation Energy Corp CEG.O : J.P. Morgan initiates coverage with overweight rating * Illumina Inc ILMN.O : HSBC raises to buy from hold * Morgan Stanley MS.N : RBC raises target price to $122 from $108 * Uber UBER.N : Dai
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British Business - Oct 17

PRESS DIGEST-British Business - Oct 17 Oct 17 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Ryanair RYA.I CEO Michael O'Leary said the low-cost airline was set to receive 30 737 aircraft from Boeing BA.N between March and June next year to help meet its growth targets, but is now questioning how many will arrive on time.
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United Airlines Now Sees 737 Max 9 Deliveries Of 28 Aircrafts In 2025, 110 Aircrafts After 2025

BRIEF-United Airlines Now Sees 737 Max 9 Deliveries Of 28 Aircrafts In 2025, 110 Aircrafts After 2025 Oct 16 (Reuters) - Boeing Co BA.N : UNITED AIRLINES: NOW SEES 737 MAX 9 DELIVERIES OF 28 AIRCRAFTS IN 2025, 110 AIRCRAFTS AFTER 2025 Source text for Eikon: [ID:n0000100517-24-000136] Further company coverage: BA.N
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