Boeing

New Buyback Tax Will Force Companies to Think Twice on How to Use Cash

In the scrap over how to fund President Joe Biden’s spending plans, the Democrats’ focus has shifted from taxing private funds to public at the last minute. Sen. Kyrsten Sinema (D., Ariz.) backs dropping a proposed tax increase on carried interest income and adding a 1% tax on stock buybacks to the legislation. It means …

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Stephen King testifies; Musk strikes back; Boeing 787 gets OK: 3 legal stories to watch

The usually quiet month of August this week kicks off with a trial Monday over the Justice Department’s antitrust lawsuit challenging Penguin Random House’s pending acquisition of rival Simon & Schuster. We’re also watching Tesla (TSLA) CEO Elon Musk’s countersuit against Twitter (TWTR), which he filed Friday as part of his ongoing efforts to walk …

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Boeing averts strike at three defense plants, for now

The International Association of Machinists and Aerospace Workers said an overnight bargaining session had led to the new Boeing offer and workers will vote Wednesday on whether to accept it. Under the new contract offer, employees can opt to receive an $8,000 lump sum payment — minus tax withholdings — upon ratification or can choose …

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From Boeing Starliner to Goodyear Tesla tire, 3-D printing is becoming manufacturing reality

A picture shows a non-pneumatic tire (NPT), an airless tires, during the presentation of the NPT tire of Goodyear in Colmar-Berg, Luxembourg, on May 17, 2022, where the tire manufacturer has a new plant where it is experimenting with 3-D printing. Francois Walschaerts | Afp | Getty Images Additive manufacturing is on the cusp of …

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