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September 01, 2020 10:18am
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Boeing Charge Kills Profits But Lifts Stock

On Thursday, Boeing announced it will take a $4.9 billion charge in the second quarter due to the worldwide grounding of its 737 Max planes after two fatal crashes that killed 346 people. The debit, which amounts to $8.74 a share, is planned to wipe out existing profits. Analysts prognosticated...
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