Boeing is set to plead guilty to criminal fraud

Marketplace All-in-One

Marketplace

News, Business

4.5 • 1.4K Ratings

🗓️ 8 July 2024

⏱️ 1 minutes

🔗️ Recording | iTunes | RSS

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Summary

Boeing deal covers conduct before Max crashes; Texas ports, oil platforms close as Hurricane Beryl strikes; Skydance, Paramount agree to merger; France, Britain elect left-leaning leaders promising economic improvements.

Transcript

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0:00.0	Boeing is set to plead guilty to criminal fraud.
0:03.4	I'm Novasafo with a Marketplace Minute.
0:05.6	The Justice Department says it reached a $700 million plea agreement covering Boeing's
0:09.9	conduct prior to two fatal crashes of 737 Max Plains in 2018 and 2019.
0:17.0	The deal which needs a judge's approval will not absolve the company from its conduct since the crashes.
0:23.0	Several major shipping ports in Texas closed due to Hurricane Barrel.
0:27.0	They are major sources of crude oil exports.
0:30.0	Some oil producers evacuated offshore platforms.
0:34.0	Skydance Media has struck an $8 billion deal to purchase Paramount Global.
0:38.0	Skydance is a film and TV production company,
0:40.5	founder David Ellison, son of billionaire Larry Ellison, would run paramount if the deal closes.
0:47.0	Left-leaning parties upended politics in France and Britain winning governing majorities.
0:51.5	Economic promises include more spending on public services and increasing minimum wages.
0:56.3	The UK's new leader promised to improve trade relations with the European Union.
1:00.5	I'm Novasauva with the Marketplace Minute.

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