Latest news with #SaintLouis
Forbes
17 hours ago
- Business
- Forbes
Another Boeing Strike? Not If Both Sides Can Avoid It.
AT SEA, SOUTH KOREA - MARCH 27, 2023: A US F-18 Super Hornet lands on the flight deck of the USS ... More Nimitz (CVN-68). (Photo by Jeon Heon-Kyun - Pool/Getty Images) Boeing has generally been in a sustained recovery since Kelly Ortberg took over as CEO a year ago (See 'Boeing Continues It's Upward Climb in First Half of 2025,' July 14, 2025), so the announcement Sunday of a potential strike by the 3,200 members of the International Association of Machinists (IAM) was unwelcome news. Boeing's production of the 737MAX breadwinner program has continued to hover at its 38 per month cap imposed by the FAA, and the company has notched significant wins for other programs, such as the 787 and 777 in the mid-east and Indonesia. In March, Boeing was awarded the Next Generation Air Dominance fighter program F-47 in a surprise win over Lockheed Martin. The tragic crash of an Air India 787 on June 12, killing 260 people, does not appear at this point to be attributed to mechanical fault of the Boeing aircraft or General Electric powerplants. And the FAA is expected to raise the production cap on the 737MAX later this year. The potential strike at the company's Defense Systems unit in Saint Louis seems to have followed the same script as a month long strike in the Commercial Aircraft unit in October of 2024. That is, both sides appeared to have agreed to a contract acceptable to company and union management, only to have the rank and file overwhelmingly reject it ("A Failure To 'Read The Room'—How Boeing And The Machinists Fell Into The Strike," September 16, 2024). RENTON, WASHINGTON - SEPTEMBER 13, 2024: Boeing Machinists union members picket outside a Boeing ... More factory in Renton, Washington. (Photo by) In the current case, 96% of the IAM District 837 rejected the proposal, which included a 20% general wage increase over four years, a $5,000 ratification bonus, and improved vacation and sick leave policies. All in, average wages were set to rise to approximately $100,000 per year for a machinist, according to Jeffries. In the Commercial Aircraft unit strike, the final settlement raised general wages by 38%. Recent union actions at other aerospace companies, such as General Electric, Raytheon and Textron have resulted in similar boosts to wages. Given the gains won by their peers in other divisions and companies, it is not surprising that the rank and file did not embrace what their union management was espousing. Even for those happy with the current economic state of affairs in the country, the specter of tariffs and inflation over the next four years threaten to quickly erode any current gains. Therefore, "push hard for all you can get now", is sound reasoning. The Saint Louis unit is the legacy military business of McDonnell Douglas, which merged with Boeing in 1996. It fabricates, machines and assembles the parts and components for the F-15 Eagle, the F-18 Hornet and the F/A-18 Super Hornet fighter aircraft. And it will be a significant contributor, in the future, to Boeing's defense business as the F-47 comes on line. Boeing had already invested $1.8 Billion in the program, centered in Saint Louis, and the 2025 Defense budget includes $20 Billion in expenditures over the next five years. The IAM District 837 only represents approximately 2% of Boeing's overall workforce, and both sides enter a one week cooling off period. It is likely the strike will be quickly settled, probably at levels commensurate with the other company and competitor deals, and should not materially affect Boeing's overall recovery. But it does raise the question as to whether either side is truly in touch with their workforce.
NDTV
20-07-2025
- NDTV
Memphis Guard Sincere Parker Arrested For Allegedly Choking, Assaulting Girlfriend
Memphis guard Sincere Parker was arrested Saturday on an aggravated assault charge for an attack on his girlfriend, who told police that he choked her and hit her, according to court documents. The woman told police that the attack occurred on May 27 at the Memphis apartment the couple shared. She reported that Parker pushed her, slapped her in the face and choked her, leaving her bruised and bloodied, according to a police report. The woman also told police that Parker broke her cellphone because he didn't want her to have the digital key to the apartment. A warrant for Parker's arrest was issued Friday and the 22-year-old was taken into custody Saturday. An arraignment was scheduled for Monday on charges of felony aggravated assault and misdemeanor vandalism. It was not immediately clear whether Parker had an attorney. The 6-foot-3 Parker transferred to Memphis after averaging 12.2 points last season for McNeese, helping the Cowboys and coach Will Wade reach the second round of the NCAA Tournament. He played his first two seasons for Saint Louis.
Daily Mail
20-07-2025
- Daily Mail
BREAKING NEWS Memphis guard Sincere Parker arrested after allegedly choking his girlfriend during attack
Memphis guard Sincere Parker was arrested Saturday on an aggravated assault charge for an attack on his girlfriend. The woman told police that he choked her and hit her, according to court documents. She also told police that the attack occurred on May 27 at the Memphis apartment the couple shared. She reported that Parker pushed her, slapped her in the face and choked her, leaving her bruised and bloodied, according to a police report. The woman also told police that Parker broke her cellphone because he didn't want her to have the digital key to the apartment. A warrant for Parker's arrest was issued Friday and the 22-year-old was booked into Shelby County Jail in Tennessee on Saturday. An arraignment was scheduled for Monday on charges of felony aggravated assault and misdemeanor vandalism. It was not immediately clear whether Parker had an attorney. The 6-foot-3 Parker transferred to Memphis after averaging 12.2 points last season for McNeese, helping the Cowboys and coach Will Wade reach the second round of the NCAA Tournament. He played his first two seasons for Saint Louis.
Yahoo
18-07-2025
- Business
- Yahoo
Emerson Electric's Quarterly Earnings Preview: What You Need to Know
Saint Louis, Missouri-based Emerson Electric Co. (EMR) is a technology and software company. Valued at a market cap of $78.9 billion, the company designs and manufactures industrial automation equipment, climate control systems, precision measurement instruments, and software for process and hybrid industries. It is scheduled to announce its fiscal Q3 earnings for 2025 before the market opens on Wednesday, Aug. 6. Before this event, analysts project this technology and engineering company to report a profit of $1.51 per share, up 5.6% from $1.43 per share in the year-ago quarter. The company has a solid trajectory of consistently surpassing Wall Street's bottom-line estimates in each of the last four quarters. Its earnings of $1.48 per share in the previous quarter topped the consensus estimates by 4.2%. More News from Barchart Dear Google Stock Fans, Mark Your Calendars for July 23 Dear UnitedHealth Stock Fans, Mark Your Calendars for July 29 Peter Thiel Is Betting Big on This Ethereum Treasury Stock. Should You Buy Shares Now? Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. For the full year, analysts expect EMR to report EPS of $6, up 9.3% from $5.49 in fiscal 2024. Its EPS is expected to further grow 7.7% year-over-year to $6.46 in fiscal 2026. Shares of EMR have soared 18% over the past 52 weeks, outperforming both the S&P 500 Index's ($SPX) 10.5% uptick and the Industrial Select Sector SPDR Fund's (XLI) 17.3% return over the same time frame. On May 7, EMR's shares surged 2.4% after its better-than-expected Q2 earnings release. The company's revenue improved 1.3% year-over-year to $4.4 billion and topped the consensus estimates by 1.1%. Moreover, its adjusted EPS came in at $1.48, up 8.8% from the year-ago quarter and 4.2% above the analyst expectations. Strong growth in underlying orders and a notable 200 basis-point year-over-year increase in its adjusted segment EBITA margin to a record 28% acted as tailwinds in the quarter. Wall Street analysts are moderately optimistic about EMR's stock, with a "Moderate Buy" rating overall. Among 24 analysts covering the stock, 17 recommend "Strong Buy," one indicates a "Moderate Buy," four suggest "Hold,' one advises a "Moderate Sell,' and one suggests a 'Strong Sell' rating. The mean price target for EMR is $143.42, indicating a 2.2% potential upside from the current levels. On the date of publication, Neharika Jain did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Yahoo
18-07-2025
- Business
- Yahoo
Perficient Appoints Rajesh Mehta as CFO; Paul Martin To Retire
SAINT LOUIS & NEW YORK, July 18, 2025--(BUSINESS WIRE)--Perficient, the global consultancy transforming the world's most innovative enterprises through AI-first solutions, today announced the appointment of Rajesh Mehta as Chief Financial Officer (CFO), effective immediately. Mehta succeeds longtime CFO Paul Martin, who will retire and remain in a consulting role to support the transition. This leadership change comes as Perficient enters a new phase of accelerated growth and strategic transformation under recently appointed CEO Yusuf Tayob, a former Accenture Group Chief Executive. Following its transition to a private company, Perficient is expanding its executive team to scale operations and advance its position as a premier provider of next-generation, AI-driven consulting services. Mehta brings more than two decades of financial and operational leadership experience in the technology sector, including senior executive roles at Wipro and Capgemini. He is known for delivering business-aligned financial results, scaling global operations, and leading complex M&A integrations. Mehta brings an AI-first leadership pedigree – from AI-first financial reporting to talent productivity, to developing industry leading commercial and pricing models for AI-led delivery. "Perficient is a recognized AI-first consulting leader, and I'm thrilled to join a global team with a strong reputation for innovation, operational excellence, and people-centric culture," said Mehta. "I believe strongly in Perficient's AI-first approach, which enables clients to build fast, smart, and at scale. Having spent my career building high performing companies, empowering teams, and fostering trusted and strategic relationships, I look forward to working with Yusuf and the leadership team to create long-term value for our clients, colleagues, and partners." Martin has served as CFO since 2006, helping lead Perficient through multiple growth cycles, dozens of acquisitions, and the company's recent privatization. He also provided oversight of human resources, legal, internal IT, and M&A operations, playing a central role in building the company's foundation for scale. "Serving Perficient has been a remarkable experience," said Martin. "I am proud of all we have accomplished and believe Perficient is well positioned to continue its long-term growth trajectory. As I step into retirement, I look forward to watching Perficient's continued success for many years." "For nearly two decades, Paul has been a pillar of strength and integrity, guiding Perficient through transformative growth," said Tayob. "We're grateful for his steady leadership and lasting impact. As we welcome Rajesh, we're continuing to make bold investments in the future – scaling capabilities, expanding global reach, and sharpening our position as a trusted AI-first consultancy." About Perficient Perficient is the global AI-first consultancy. We're builders—obsessed with outcomes and powered by pragmatism—and through speed and agility, we help the world's most innovative companies and admired brands boldly advance business. For more information, visit View source version on Contacts For more information, please contact:Bill Davis, Senior Vice Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
