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Boeing stock price tumbles on fraud report

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Boeing’s stock price is flirting with setting a one-day decline record on 11 February after a morning news report linked the company to a fraud investigation. The Bloomberg news report cited anonymous sources saying the US Securities and Exchange Commission is investigating Boeing’s programme accounting methods on the 787 and 747-8. Boeing executives “typically do not comment on media inquiries of this nature”, a spokesman says. (www.flightglobal.com) Más...

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RRKen
I found the story. and the reasons behind it plausible, and not speculative as others have claimed.
tracytearata
tracytearata 2
I see to believe this really it looks like media speculation has being involved again where is the real proof behind all of this?.
btweston
btweston 4
An SEC investigation is not media speculation, friend.
linbb
linbb -1
Bloomberg doent need proof look at there gun control forum and how they push there issues its just a way to grab news when things are slow. The owner uses his money to get around facts by buying his way.
btweston
btweston 4
It's "their," for Christ's sake.

By the way, you are paranoid, and nothing in this article has anything to do with guns.
rad2
It's the money boys pissing in each others pot. Some Wall Street speculators don't like the way the books are kept so they start pointing fingers. If the accounting method is agreed to, then let it ride. Don't like Boeing, place your bets elsewhere. Maybe there is some frat party guys/girls that just like stirring the pot, on both sides. Unless there is a real story, stuff it.
linbb
linbb 1
Too late has already been posted a few days ago.
andrew357
andrew357 1
Not so Tracy media speculations there are some crooks in the job and eventually they are caught out
MH370
MH370 0
(Duplicate Squawk Submitted)

Boeing to Face SEC Probe of Dreamliner and 747 Accounting

The U.S. Securities and Exchange Commission is investigating whether Boeing Co. properly accounted for the costs and expected sales of two of its best known jetliners, according to people with knowledge of the matter.

The probe, which involves a whistleblower’s complaint, centers on projections Boeing made about the long-term profitability for the 787 Dreamliner and the 747 jumbo aircraft, said one of the people, who asked not to be named because the investigation isn’t public. Both planes are among Boeing’s most iconic, renowned for the technological advancements they introduced, as well as the development headaches they brought the company.

http://www.defense-aerospace.com/article-view/release/171199/boeing-shares-tumble-11-on-reports-of-sec-probe.html

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