The union strike at Boeing just completed its fourth week with no signs of quick resolution.
) bounced up 2% from its its 52-week low on Friday as the plane maker took a tougher stance with its biggest union after a breakdown in negotiations this week left little hope of a quick resolution to an ongoing labor strike ."That’s just a move from their side to create some pressure. But just like most strikes..it’s going to end by them going back to the table and figuring it out," New York City-baed employment attorney Nicole Brenecki told Yahoo Finance.
“Based on our conversations with investors, it should be no surprise that Boeing is looking at an equity raise. We think most investors have been expecting the company to raise more than $10b, most likely following the conclusion of the machinists strike," JPMorgan analyst Seth Seifman and his team wrote in a recent note.The analysts note the size of the raise could be determined by how long the strike lasts, and investors would be more reluctant to sign on with one still underway.
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