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Boeing seeks up to $35bn to bolster its balance sheet

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Boeing seeks up to bn to bolster its balance sheet

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Boeing has announced plans to raise up to $25bn in new capital and agreed a $10bn credit facility, as the US plane maker seeks to shore up its balance sheet in the face of a crippling strike by its largest labour union.

In a filing, Boeing told investors it intended to raise up to $25bn in debt or equity, adding that this would provide “flexibility for the company to seek a variety of capital options as needed . . . over a three-year period”.

It has also struck a separate $10bn “supplemental credit agreement” with a consortium of lenders.

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Boeing provided no details on precisely how much it intended to raise and when. It said it had not drawn on the new credit facility.

“These are two prudent steps to support the company’s access to liquidity,” the company said, adding that the credit agreement provided additional short-term access to liquidity as it navigated through a “challenging environment”.

Rating agency S&P Global Ratings last week warned of a possible downgrade of Boeing’s bonds to junk status, and analysts had said they expected the company to look to raise at least $10bn in new equity to maintain its investment-grade credit rating.

“They have bought themselves some time,” Ben Tsocanos, aerospace director at S&P, said on Tuesday. He added, however: “Ultimately the company has to resolve the strike and really be on a path to building planes again in order to maintain the rating.”

One bondholder said: “I think this is a smart strategy by management. They’re basically looking for a bridge facility just to give the market confidence that there aren’t any near-term concerns as they go through negotiations with the union.”

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Rating agency Fitch said Boeing’s actions would “increase financial flexibility and moderate near-term liquidity concerns amidst an extended strike and continued operational challenges”.

Boeing shares were up just under 2 per cent at $151.92 in afternoon trading in New York after initially falling when markets opened.

Some analysts, however, were not convinced. Nick Cunningham at Agency Partners, said the vagueness and breadth of the filing and the need for the temporary financing implied “that the banks are struggling to sell this issue to potential investors or lenders”.

A second bondholder said they hoped that any equity issuance raised “would be closer to $15bn and not $10bn”, to limit the risk of Boeing having to tap shareholders again if the first issuance proved insufficient.

The fundraising plan comes as Boeing struggles to deal with the impact of a strike by its largest union that has halted production at factories in Washington state, threatening a possible credit downgrade.

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The industrial action by 33,000 members of the International Association of Machinists and Aerospace Workers, which began on September 13, has stopped manufacturing lines of most of its planes, including its best-selling 737 Max.

“From a position of negotiating strength, I’m not sure you necessarily need to [issue] the equity before the strike is settled,” the second bondholder added. “You don’t want to necessarily say to the union ‘I have great liquidity, let’s keep on going forever on this one’.”

A third bondholder noted that they did not know how long the strike would continue, saying: “The problem with these supply chains is once you turn them off, it’s pretty hard to turn them back on, so we don’t know how much cash they need, and nor do they.”

The group has been grappling with problems since a door panel blew off one of its 737 Max aircraft in mid-flight at the start of January. Regulators demanded that the company slow production of the best-selling jet as part of a wider effort to improve quality and safety.

Boeing on Friday announced it would cut 17,000 jobs from its operations to stem losses, as it booked about $5bn of pre-tax charges.

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It also announced another delay to its 777X jet to 2026. The company said it ended September with $10.5bn in cash and marketable securities — close to the minimum it has said it needs to operate — after burning through $1.3bn in cash during the third quarter.

Boeing had close to $58bn in consolidated debt at the end of the second quarter.

It will report full results for the third quarter on October 23.

Kelly Ortberg, who became Boeing’s chief executive in August, told employees on Friday that “restoring our company requires tough decisions” and structural changes, to ensure that “we can stay competitive and deliver for our customers over the long term”.

Additional reporting by Jennifer Hughes

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Scott Adams, the controversial cartoonist behind ‘Dilbert,’ dies at 68

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Scott Adams, the controversial cartoonist behind ‘Dilbert,’ dies at 68

Cartoonist Scott Adams poses with his a life-size cutout of his creation, Dilbert, in 2014.

Lea Suzuki/San Francisco Chronicle via Getty Images


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Lea Suzuki/San Francisco Chronicle via Getty Images

Scott Adams, the controversial cartoonist who skewered corporate culture, has died at age 68, He announced in May 2025 that he had metastatic prostate cancer and only months to live.

Months later, in November, Adams took to X to request — and receive — some very public help from President Trump and Health and Human Services Secretary Robert F. Kennedy Jr. in addressing health insurance issues that had delayed his treatment with an FDA-approved cancer drug called Pluvicto.

Adams said he was able to book an appointment the next day. Despite the Trump administration’s public intervention, Adams shared on his YouTube show in early January 2026 that “the odds of me recovering are essentially zero.”

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Adams’ former wife, Shelly Miles, announced his death Tuesday during a YouTube livestream, and then read a statement from Adams who said, “I had an amazing life. I gave it everything I had. If you got any benefits from my life, I ask you pay it forward as best you can.”

Adams rose to fame in the early 1990s with his comic strip Dilbert, satirizing white-collar culture based on his own experiences working in company offices. He made headlines again in the final years of his life for controversial comments about race, gender and other topics, which led to Dilbert‘s widespread cancellation in 2023.

Dilbert, which at its height was syndicated in some 2,000 newspapers across 65 countries, spawned a number of books, a video game and two seasons of an animated sitcom.

“I think you have to be fundamentally irrational to think that you can make money as a cartoonist, and so I can never answer succinctly why it is that I thought this would work,” Adams told NPR’s Weekend Edition in 1996. “It was about the same cost as buying a lottery ticket and about the same odds of succeeding. And I buy a lottery ticket, so why not?”

He said that he had “pretty much always wanted to be a famous cartoonist,” even applying to the Famous Artists School, a correspondence art course, as a pre-teen.

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“I was 11 years old, and I’d filled out the application saying that I wanted to be a cartoonist,” he said. “It turns out, as they explained in their rejection letter, that you have to be at least 12 years old to be a famous cartoonist.”

Turning to more practical matters, Adams studied economics at Hartwick College in Oneonta, N.Y. and earned an MBA from UC Berkeley. He also trained as a hypnotist at the Clement School of Hypnosis in the 1980s.

Adams began his career at Crocker National Bank, working what he described in a blog post as a “number of humiliating and low paying jobs: teller (robbed twice at gunpoint), computer programmer, financial analyst, product manager, and commercial lender.”

He then spent nearly a decade working at Pacific Bell — the California telephone company now owned by AT&T — in various jobs “that defy description but all involve technology and finances,” as Adams put it in his biography. It was there that he started drawing Dilbert, working on the strip on mornings, evenings and weekends from 1989 until 1995.

“You get real cynical if you spend more than five minutes in a cubicle,” he told NPR’s Weekend Edition in 2002. “But I certainly always planned that I would escape someday, as soon as I got escape velocity.”

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Adams satirized corporate culture for decades 

Scott Adams works on his comic strip in his California studio in 2006.

Scott Adams works on his comic strip in his California studio in 2006. He announced in May that he was dying of metastatic prostate cancer.

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Dilbert revolves around its eponymous white-collar engineer as he navigates his company’s comically dysfunctional bureaucracy, alongside his sidekick: an anthropomorphized, megalomaniac dog named Dogbert.

“Dilbert is a composite of my co-workers over the years,” Adams wrote on his website. “He emerged as the main character of my doodles. I started using him for business presentations and got great responses … Dogbert was created so Dilbert would have someone to talk to.”

Dilbert — with his trademark curly head, round glasses and always-upturned red and black tie — fights a constant battle for his sanity amidst a micromanaged, largely illogical corporate environment full of pointless meetings, technical difficulties, too many buzzwords and an out-of-touch manager known only as Pointy-haired Boss.

Even after Adams quit his day job, he kept a firm grasp on the absurdities and mundanities of cubicle life with help from his devoted audience.

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He included his email address on the strip and said he got hundreds of messages each day. Recurring reader suggestions ranged from stolen refrigerator lunches to bosses’ unrealistic expectations.

“So they all, for example, say, ‘I need this report in a week, but make sure that I get it two weeks early so I could look at it,’” Adams said. “Just bizarre stories where it’s clear that they either have never owned a watch or a calendar or they are in some kind of a time warp.”

Dilbert‘s storylines evolved alongside office culture, taking aim at a growing range of societal and technological topics over the years. In 2022, Adams introduced Dave, the strip’s first Black character, who identifies as white — a choice critics interpreted as poking fun at DEI initiatives.

That ushered in an era of anti-woke plotlines that saw dozens of U.S. newspapers drop the strip in 2022, foreshadowing its widespread cancellation just a year later.

The comic strip was cancelled over Adams’ comments

Adams didn’t limit himself to cartoons. He was a proponent of what he called the “talent stack,” combining multiple common skills in a unique and valuable way: like drawing, humor and risk tolerance, in his case.

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He ventured briefly into food retail at the turn of the millennium, selling vegetarian, microwavable burritos called Dilberitos. He published several novels and nonfiction books unrelated to the Dilbert universe over the years.

Adams was open about his health struggles throughout his career, including the movement disorder focal dystonia — which particularly affected his drawing hand — and, years later, spasmodic dysphonia, an involuntary clenching of the vocal cords that he managed to cure through an experimental surgery.

And he opined on social and political events on “Real Coffee with Scott Adams,” his YouTube talk series with over 180,000 subscribers.

His commentary, which often touched on race and other hot-button issues, led to Dilbert‘s widespread cancellation in February 2023.

In a YouTube livestream that month, Adams — while discussing a Rasmussen public opinion poll asking readers whether they agree “It’s OK to be white” (which is considered an alt-right slogan) — urged white people to “get the hell away from Black people,” labeling them a “hate group.” The backlash was swift: Dozens of newspapers across the country ditched Dilbert, and the comic’s distributor dropped Adams.

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The incident also renewed focus on numerous controversial comments Adams had made in the past, including about race, men’s rights, the Holocaust and COVID-19 vaccines. Adams defended his remarks as hyperbole, and later said getting “canceled” had improved his life, with public support coming from conservative figures like Elon Musk and Charlie Kirk.

Adams, in his final years, was a vocal supporter of President Trump and a critic of Democrats.

But he extended his “respect and compassion” to former President Joe Biden in a video the day after Biden’s prostate cancer diagnosis became public in May 2025.

The prognosis was personal for Adams: He shared that he too had metastatic prostate cancer and only months to live, saying he expected “to be checking out from this domain sometime this summer.”

“I’ve just sort of processed it, so it just sort of is what it is,” he said on his YouTube show. “Everybody has to die, as far as I know.”

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Iran acknowledges mass protest deaths, but claims situation under control as Trump mulls response

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Iran acknowledges mass protest deaths, but claims situation under control as Trump mulls response

Iran’s theocratic rulers are under the most intense pressure they’ve felt in years, as President Trump leaves the option of a U.S. military intervention on the table in the face of a fast-mounting death toll amid more than two weeks of anti-government protests across the Islamic Republic.

Mr. Trump said Sunday that Iranian officials had called him looking “to negotiate” after his repeated threats to intervene if authorities kill protesters. In an unusual move, meanwhile, Iran‘s state-controlled media aired video on Sunday showing mass casualties in and outside a morgue in a Tehran suburb.

The video shared widely online shows dozens of bodies outside the morgue, which CBS News has geolocated to the southern Tehran suburb of Kahrizak. The bodies were wrapped in black bags, and people can be seen grieving and searching for their loved ones at the site.

The state TV reporter says in the clip that some of those seen dead may have been involved in violence, but that “the majority of them are ordinary people, and their families are ordinary people as well.” 

An image from video posted on social media on Jan. 11, 2026, shows people outside the Kahrizak Forensic Medical Center in Tehran, trying to identify loved ones amid the bodies of dozens killed in a wave of deadly anti-government demonstrations across Iran.

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Reuters/Social media


Video posted by social media users on Sunday showed scenes from the same morgue, and people could be heard wailing in the background as others appeared to be looking for loved ones amid the bodies.  

It is unclear why Iranian authorities might have chosen to show the mass casualties, but it could be an attempt to show sympathy with the protesters and to bolster their narrative that it is more radical actors, inspired by Mr. Trump’s messages of support, behind the violence, not the government.

President Trump and Iranian officials have escalated their warnings over the past week, with both sides insisting they’re ready for, but not seeking a military confrontation. 

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On Sunday, however, Mr. Trump said Iran’s leadership had called looking to talk.

Trump issues fresh warning, says Iran seeking negotiations

“The leaders of Iran called” yesterday, he told reporters Sunday on Air Force One, saying “a meeting is being set up … They want to negotiate.”

“We may have to act before a meeting,” Mr. Trump warned. He first warned 10 days ago that if Iran killed protesters, the U.S. would “come to their rescue,” but he’s yet to say what exactly would prompt some action against the regime, or what that might entail.

A senior U.S. official confirmed to CBS News on Sunday that the president had been briefed on new options for military strikes in Iran, after Mr. Trump warned that if the regime started “killing people like they have in the past, we would get involved.”

“We’ll be hitting them very hard where it hurts,” he said at the White House. “And that doesn’t mean boots on the ground, but it means hitting them very, very hard where it hurts.”

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The U.S. has not yet moved any forces in preparation for potential strikes on Iran, officials with the military’s Central Command told CBS News over the weekend.   

Iran’s top diplomat claims protests “under total control”

Iran did not confirm any direct outreach to the Trump administration, but speaking on Monday, Foreign Minister Abbas Araghchi suggested the regime had brought the protests under control – repeating the government’s claim that the U.S. was to blame for the violence.

The “situation is now under total control,” Araghchi said, according to the Reuters news agency, as Iranian state TV aired video of massive pro-government demonstrations around the country.

iran-pro-regime-demo-jan-2026.jpg

An image from video aired on Jan. 12, 2026 by Iranian state TV, shows a funeral procession for protesters killed in what the network said were “terrorist acts” amid anti-regime protests across the country, in Ardabil, northwest Iran.

Reuters/Iranian state TV

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Government-controlled broadcaster IRIB called one demonstration and funeral march an “Iranian uprising against American-Zionist terrorism.”

In the face of Mr. Trump’s repeated threats, Araghchi said Iran was “ready for war, but also for dialogue” with the U.S. at any time.

Iranian Foreign Minister Abbas Araghchi makes a speech amid amid evolving anti-government unrest, in Tehran

Iranian Foreign Minister Abbas Araghchi speaks on state television amid anti-government protests, in Tehran, Iran, Jan. 12, 2026, in a screengrab obtained from a handout video.

IRIB/Handout/REUTERS


In another indication that the regime may believe it is weathering the storm, the foreign minister said internet service would be resumed in coordination with Iran’s security services, though he offered no specific timeline. 

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Rights groups say death toll from protests could be in the thousands

According to human rights groups based outside the country, which rely on contacts inside Iran, the death toll has already climbed into the hundreds. 

The Washington D.C.-based Human Rights Activists News Agency said that, as of Sunday, the 15th day of protests, at least 544 people had been killed, including 483 protesters and 47 members of the security forces. HRANA said the unrest had manifested in 186 cities across all of Iran’s 31 provinces.

The Center for Human Rights in Iran (CHRI), which is also based in the U.S., said over the weekend that it had “eyewitness accounts and credible reports indicating that hundreds of protesters have been killed across Iran during the current internet shutdown,” accusing the regime of carrying out “a massacre.” 

The Iran Human Rights (IHR) organization, based in Norway, said Saturday that it had confirmed at least 192 protesters were killed, but that the number could be over 2,000.

“Unverified reports indicate that at least several hundreds, and according to some sources, more than 2,000 people may have been killed,” IHR said in a statement, adding that according to its estimate, more than 2,600 protesters had been arrested. 

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HRANA estimates that over 10,000 people have been detained.

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Video: What Our Photographer Saw in Minneapolis

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Video: What Our Photographer Saw in Minneapolis

new video loaded: What Our Photographer Saw in Minneapolis

David Guttenfelder, a visual journalist for The New York Times, was at the scene in Minneapolis immediately after an ICE agent killed a 37-year-old woman in her vehicle. He walks us through the photos and videos he took over the next few days as outrage and protests mounted in the city.

By David Guttenfelder, Coleman Lowndes and Nikolay Nikolov

January 12, 2026

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