Boeing stock plunges on report of SEC accounting probe

NEW YORK (AP) — Shares of the Boeing Co. plummeted Thursday after a report said the U.S. Securities and Exchange Commission is investigating the aircraft manufacturer's accounting.

Shares of the Chicago-based company fell 12 percent at one point during the day, about an hour after Bloomberg News published a report that said the SEC was looking into the cost and sales forecasts related to the 787 Dreamliner and 747.