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3/21, 12:47 AM (Source: TeleTrader)
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Boeing halts share buyback program over coronavirus

The Boeing Co. announced on Friday it was suspending its dividend and share buyback program until further notice due to the COVID-19 pandemic.

In addition, the company said its chief executive Dave Calhoun and Board Chairman Larry Kellner would forgo all pay until the end of the year.

Earlier, Former United States Ambassador to the United Nations Nikki Haley resigned from Boeing's board "as a matter of philosophical principle" because of the company's efforts to obtain federal assistance because of the coronavirus pandemic.

Breaking the News / MD