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Boeing reported a staggering loss of $6 billion dollars in the third quarter. The disappointing earnings report comes the same day as striking machinists are voting on a new contract offer.
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Striking machinists at Boeing vote Wednesday on a new contract offer. Even before the strike, the company was grappling with production and quality control problems that led to billions in losses.
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Wandering through the Old Hotel Art Gallery in Othello, Washington, you can spot all sorts of local arts and crafts. But some say it’s home to more than just art.
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The company has been losing money for more than five years, and now it's dealing with a strike that has shut down factories in the Seattle area.
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Boeing has withdrawn a contract offer that would have given striking workers 30% raises over four years after talks broke down. The union said that the offer was withdrawn after a second day of mediated talks.
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“I really want to start an epidemic of listening, but not shallow listening — really listening to what people are saying,” Kay Keeler, 88, said.
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Unions representing auto workers, actors, hotel housekeepers and airplane assembly workers all called strikes as organized labor made itself heard over the past year.
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Boeing is giving the union for 33,000 striking workers more time, but it still wants a vote on its latest contract proposal, which is getting poor reviews from workers.
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Private equity firms Vista Equity Partners and Blackstone are buying software maker Smartsheet for approximately $8.4 billion in cash, which is about $56.50 per share.
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Throughout the decades, it’s remained as a way for its most loyal players to socialize with friends and escape to faraway lands. Readers and listeners to told us about the game's role in their lives.
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Boeing has started rolling furloughs of nonunion employees as a week-old labor strike by 33,000 union machinists shows no signs of ending.
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Three Mile Island, the Pennsylvania power plant that was the scene of the worst commercial nuclear accident in American history, will reopen and sell power to Microsoft.