Boeing Withdraws Offer To Strikers; S&P Global Warns of Debt Downgrade

Key TakeawaysBoeing withdrew its contract offer to striking machinists after the union rejected it.S&P Global warned that the strike is negatively affecting the plane maker's financial position, and it may downgrade Boeing's debt if it continues.The walkout began last month after union members voted to reject the deal that the two sides had developed. Boeing (BA) shares fell Wednesday after the plane maker withdrew its contract offer for its striking machinists and S&P Global put its bond rating on a watch ...