
U.S. judge sets hearing date to end Boeing criminal prosecution, Reuters says
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US business delegation to visit China, SCMP says
(Reuters) -A high-level delegation from the U.S.-China Business Council will visit China this week and is expected to meet senior Chinese officials, the South China Morning Post (SCMP) reported on Sunday, citing two sources familiar with the matter. The delegation will be led by FedEx Chief Executive Rajesh Subramaniam, the council's board chair, and is expected to include Boeing executives and USCBC President Sean Stein, the report added. Reuters could not immediately verify the report. "They are expected to meet with Chinese officials - potentially to revive business discussions," a source told the SCMP. Both sides are also working to secure a visit to China by the U.S. president this year, the SCMP report said. The council did not respond immediately to a request for comment. The visit coincides with the latest round of U.S.‑China trade negotiations in Sweden, where China's Vice Premier He Lifeng is meeting U.S. officials over July 27-30 for a new round of economic and trade talks. China faces an August 12 deadline to reach a durable deal with the White House or risk higher U.S. tariffs. Solve the daily Crossword
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Boeing's contract offer rejected by union members
(Reuters) -Union members who assemble Boeing's fighter jets in the St. Louis area have "overwhelmingly voted" to reject the company's contract offer on Sunday, with the company now preparing for an imminent strike. Boeing's proposal, which was sent on Tuesday to more than 3,200 members of the International Association of Machinists and Aerospace Workers (IAM) District 837, included a 20% general wage increase over four years and a $5,000 ratification bonus, as well as more vacation time and sick leave. "The proposal from Boeing Defense fell short of addressing the priorities and sacrifices of the skilled IAM Union workforce," the IAM union said. Dan Gillian, Boeing's Air Dominance vice president, general manager and senior St. Louis Site executive said in an emailed statement that it is disappointed Boeing employees voted down "the richest contract offer we've ever presented to IAM 837 which addressed all their stated priorities." "We've activated our contingency plan and are focused on preparing for a strike. No talks are scheduled with the union," Gillian added. The current contract expires on Sunday following which there is a seven-day cooling off period before a strike would begin, the union added. Boeing's defense division is expanding manufacturing facilities in the St. Louis area for the new U.S. Air Force fighter, the F-47, after it won the contract earlier this year. The Next Generation Air Dominance (NGAD) fighter jet program, initially conceived as a "family of systems" centered around a sixth-generation fighter jet, is meant to replace the F-22 Raptor.
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Boeing's contract offer rejected by union members
(Reuters) -Union members who assemble Boeing's fighter jets in the St. Louis area have "overwhelmingly voted" to reject the company's contract offer on Sunday, with the company now preparing for an imminent strike. Boeing's proposal, which was sent on Tuesday to more than 3,200 members of the International Association of Machinists and Aerospace Workers (IAM) District 837, included a 20% general wage increase over four years and a $5,000 ratification bonus, as well as more vacation time and sick leave. "The proposal from Boeing Defense fell short of addressing the priorities and sacrifices of the skilled IAM Union workforce," the IAM union said. Dan Gillian, Boeing's Air Dominance vice president, general manager and senior St. Louis Site executive said in an emailed statement that it is disappointed Boeing employees voted down "the richest contract offer we've ever presented to IAM 837 which addressed all their stated priorities." "We've activated our contingency plan and are focused on preparing for a strike. No talks are scheduled with the union," Gillian added. The current contract expires on Sunday following which there is a seven-day cooling off period before a strike would begin, the union added. Boeing's defense division is expanding manufacturing facilities in the St. Louis area for the new U.S. Air Force fighter, the F-47, after it won the contract earlier this year. The Next Generation Air Dominance (NGAD) fighter jet program, initially conceived as a "family of systems" centered around a sixth-generation fighter jet, is meant to replace the F-22 Raptor.