Boeing and the International Association of Machinists and Aerospace Workers (IAM) have struck a tentative agreement that could end the ongoing strike affecting over 33,000 workers. The deal, which includes a significant 35% wage increase over four years, comes as Boeing faces mounting pressure to stabilize its production facilities in Washington and Oregon. The labor […]
Boeing has secured $35 billion in financing to cushion itself against the financial ramifications of an ongoing workers’ strike, which has significantly hampered production and delivery schedules. The planemaker announced that it would raise $25 billion through stock and debt offerings, coupled with an additional $10 billion from four major banks. The strike, which involves […]
Starlux Airlines, the distinguished luxury carrier based in Taiwan, has recently announced an innovative partnership with Alaska Airlines, initiating its inaugural codeshare agreement aimed at substantially enhancing its footprint in the North American aviation market. This strategic collaboration is designed to foster seamless travel experiences, significantly augmenting convenience and flexibility for passengers of both airlines. […]
In a major development for the biotechnology sector, Adaptive Biotechnologies Corporation witnessed a remarkable 29% surge in its stock value following a key regulatory milestone. The company announced that its flagship product, the clonoSEQ Assay, has secured In Vitro Diagnostic Regulation (IVDR) certification in the European Union, making it the first and only test approved […]
Alaska Airlines has completed its $1.9 billion acquisition of Hawaiian Airlines, solidifying one of the most significant U.S. airline mergers in nearly a decade. This strategic move positions Alaska Airlines as a dominant force in the Pacific and North American aviation markets, expanding its influence and passenger reach. The U.S. Department of Transportation (DOT) greenlighted […]
Boeing’s stock has taken a steep nosedive following a strike by 33,000 members of its largest labour union, the International Association of Machinists and Aerospace Workers (IAM). The machinists voted overwhelmingly to reject Boeing’s proposed four-year contract, triggering the first strike in over a decade. This development could spell significant trouble for the aerospace giant, […]
In a decision that has captured the attention of both the local and international community, the King County prosecutor’s office announced on Wednesday, February 21, that no criminal charges would be brought against Seattle Police Officer Kevin Dave. Officer Dave was involved in a tragic incident in January 2023, where 23-year-old Indian student Jaahnavi Kandula […]
In a significant move within the insurance and home services industries, Porch Group, Inc. (NASDAQ: PRCH), a leader in vertical software solutions, has announced a major strategic business collaboration with Aon Corp. and Aon Re, Inc., a top reinsurance broker. This agreement, valued at approximately $30 million, marks a key development for both entities. The […]
Highlighting its commitment to the Greater Seattle area, AAA Garage Door has announced the launch of three new service locations in Seattle, Kirkland, and Newcastle. This notable expansion underlines the company’s focus on catering to the garage door needs of residents and businesses in these thriving areas, offering them close proximity to AAA’s sought-after services. […]
In a plea for justice, Telangana IT Minister K T Rama Rao urged U.S. Ambassador in India Eric Garcetti and India’s External Affairs Minister S Jaishankar to investigate the fatal road accident involving Andhra Pradesh native Jaahnavi Kandula. The 23-year-old student from Adoni in Kurnool district died on January 25, 2023, after a Seattle police […]