Striking in Seattle, Boeing workers overwhelmingly reject a new pay deal.

Good morning, I'm Felicity Hannah in Folliana Byrne, and this is the Marketplace Morning Report

from the BBC World Service.

More than 30,000 workers at the aerospace giant Boeing have gone on strike

after overwhelmingly rejecting a new pay offer which had been backed by their union. The industrial action will affect

Boeing's major production sites in Washington and Oregon. Here's the BBC's business

correspondent Theo Leggett. This is a severe blow to Boeing and an embarrassment for its new chief executive

Kelly Aortberg. The company had described the new contract offer which would

have provided a pay increase of 25% over four years as historic. The emphatic rejection with 96% of those polled

voting for strike action has exposed a deep rift between Boeing's management and a powerful

section of its workforce.

This comes at a time when the aerospace giant is already wrestling with a serious safety and quality control crisis.

The strike will affect some of the company's most important facilities, including factories where the 737 max and the triple 7 are built.

Analysts say an extended shutdown could cost the company and its suppliers billions of dollars.

Theo Leggett there. Let's do the numbers.

Sony Music is in advanced talks to buy the rights to Pink Floyd's back catalogue for about 500 million dollars.

It's one of the most keenly awaited deals in the industry.

And the accountancy firm, PWC, has been fined $62 million by the Chinese government

for its role in auditing the Evergrand Property Group.

The struggling property developer Evergrand had overstated its earnings.

The UK government has confirmed that a ban on junk food adverts being shown on television before 9 PM will come into force from the 1st of October next year.

Well, we're joined now by the BBC's Vinny Maccovine.

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