Here’s a brief roundup of some of this morning’s housing and economic news: Seattle P-I: Boeing profit falls 50 percent on production cuts (AP coverage) Bloomberg: Fannie, Freddie Defaults Rise as Borrowers Cite Lower Income Associated Press: Freddie Mac official found dead in apparent suicide Bloomberg: U.S. Apartment Rents, Occupancies Fall Amid Rise in Job…
Tag: Boeing
Study: So What if Boeing Does Leave the Puget Sound?
The Puget Sound Business Journal posts today about an interesting study just released by the Washington Alliance for a Competitive Economy: What if Boeing Left Washington? (pdf) The report explores the effects of both an immediate withdrawal of Boeing in 2013 and a 10-year phased withdrawal from 2013 to 2022. In addition to estimating the…
Regarding Boeing
Here’s an unfortunate juxtaposition of headlines from today’s Everett Herald: Economy hinges on Boeing, Snohomish County Executive Aaron Reardon says Snohomish County’s best hope for weathering the economic crisis is to make sure the Boeing Co. keeps production of the 787 Dreamliner jet in south Everett, County Executive Aaron Reardon said on Tuesday. Boeing predicts…
Speaking of local layoffs… Boeing is next.
Some folks are mentioning this in the comments, and it’s pretty big news, so I’ll just drop it on you: Boeing plans workforce reduction of 4,500, with layoffs in second quarter Boeing said Friday it will cut its Commercial Airplane workforce in 2009 by about 4,500 people, mostly in Washington State. The reduction will be…
Boeing & Microsoft Holding Up the Market?
Here’s a thread to discuss some of the not-so-great big news that has come out recently for the Seattle-area’s two biggest private employers. Boeing: Loses out on $40 billion Air Force tanker contract Microsoft: Facing class-action lawsuit for Vista hardware requirements Cutting boxed Vista prices (possibly due to disappointing sales?) Still trying to buy Yahoo!…