Boeing Reaches Tentative Deal With Machinists Union To End Strike

KEY TAKEAWAYSBoeing shares are rising in premarket trading Friday after it reached a tentative deal with its machinists union on a new contract, potentially ending a crippling seven-week strike.The International Association of Machinists (IAM) is asking its members to approve the sweetened offer from Boeing in a vote on Monday.The new offer includes a 38% general wage increase over four years, higher than the previous offer of 35%. That "compounds to 43.65% over the life of the agreement," the union said. B ...