the boeing co. - BA

Boeing is offering its striking union workers a 30% pay increase over a four-year period in what the company said was its "best and final" offer in ongoing contract talks.

The ongoing strike by the largest union representing Boeing employees has already cost the company more than $500 million after one week, and those costs are set to escalate.

After Boeing workers went on strike Friday, new CEO Kelly Ortberg announced via email that "temporary furloughs" would be necessary to keep the company afloat.

Boeing's CFO delivered a sobering update to employees as the machinist strike rages on threatening the near-term future of the plane maker's financial position.

Boeing workers in Washington went on strike this week as new CEO Kelly Ortberg purchased a $4.1 million mansion in a gated community in Seattle.

Alaska Airlines First Officer Emily Wiprud, who helped pilot a Boeing 737 Max to a safe landing after a door panel blew out mid-air, spoke publicly for the first time about the incident.

Negotiators for Boeing and the International Association of Machinists and Aerospace Workers (IAM) labor union reached a tentative agreement that includes wage increases and more.

Boeing is facing yet another challenge as 32,000 members of the IAM union are threatening to strike this month if a deal isn't reached on a new contract with the company.

A new report claims meetings between Boeing and NASA executives in the days after announcing two astronauts were stranded decended into yelling and arguments.

Chicago has seen several high-profile departures of corporations moving their headquarters or significant portions of their operations out of the city in recent years.