Boeing admitted to guilt for violating the agreement related to the 737Max crash incident.

Boeing will admit to criminal conspiracy charges related to the two fatal crashes of its 737 Max aircraft, a deal that shames the famed American aircraft maker but avoids a courtroom showdown as it tries to recover from multiple crises. Under an agreement reached with U.S. prosecutors, Boeing faces a criminal fine of as much as $487.2 billion - the highest amount allowed by law - but the actual amount will be decided by a judge, the Justice Department said. The Justice Department is seeking the judge to credit the prior fines paid by Boeing, which would bring the new penalty down to 2 billion US dollars if approved.

環球市場播報17:18 ET

Sector Update: Consumer Stocks Retreat Late Afternoon

Consumer stocks were falling late Thursday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) dropping 1.2%.

MT Newswires15:53 ET

Boeing case focuses on corporate defendant's guilty plea agreement.

After two jet crashes resulted in a total of 346 deaths, a $2.5 billion settlement that would have shielded Boeing from criminal prosecution failed to resolve lingering safety concerns about the aviation giant's planes. Federal prosecutors now accuse the company of violating terms of the 2021 settlement. Boeing has agreed to plead guilty to felony fraud charges in a new agreement with the Justice Department. The department hopes to submit a detailed plea agreement by Friday but says it may take 'a few days.' Corporate behavior experts say whether the new agreement has a more lasting impact on safety than the earlier settlement may depend on the independence

環球市場播報15:15 ET

Alaska Air Group, Inc. (ALK) Q2 2024 Earnings Call Transcript

Alaska Air Group, Inc. (ALK) Q2 2024 Earnings Call Transcript

Earnings Call Transcripts15:05 ET

Why Domino's Pizza Shares Are Trading Lower By Over 11%? Here Are Other Stocks Moving In Thursday's Mid-Day Session

Shares of Domino's Pizza, Inc. (NYSE:DPZ) fell sharply during Thursday's session after the company reported mixed quarterly results.The company reported second-quarter FY24 sales growth of 7.1% year-

Benzinga13:19 ET

Alaska Air (ALK) Q2 Earnings Top Estimates, Revenues Lag

Zacks 13:00 ET