Boeing has named Robert "Kelly" Ortberg to succeed Dave Calhoun. Ortberg, 64, previously led major aerospace supplier Rockwell Collins and has more than three decades of experience in the industry. Boeing announced in March that Calhoun would step down by year's end. has named Robert "Kelly" Ortberg to replace CEO...

Boeing taps aerospace veteran Ortberg to replace Dave Calhoun as CEO

Boeing announced that its Board of Directors has elected Robert K. "Kelly" Ortberg as the company’s new president and chief executive officer, effective August 8, 2024.

Boeing names new CEO

Sarasota, FL

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Akeena

A Sarasota-based manufacturer known for its hydraulic cartridge valves, has made headlines after terminating CEO Josef Matosevic. This decision comes about a month after the company placed him on leave due to a “consensual personal relationship” with an employee.

Sarasota-based manufacturer parts ways with CEO after relationship controversy

Florida State

In the ever-fluctuating tech industry, not even sunny Florida is immune to the shadows of layoffs. This year, the technology sector has felt a significant impact, with major players like Microsoft and Google announcing cuts. Now, a key player in Florida’s tech scene, UKG, is also facing tough decisions, planning to lay off thousands of employees despite the broader economic backdrop of job growth.

A massive technology company based in Florida is laying off thousands of employees

Presto Automation’s CEO Guillaume ‘Gee’ Lefevre predicted the company would probably be de-listed from the NASDAQ stock exchange, but that move could be beneficial by allowing Presto to act more like a tech start-up than a publicly traded firm. The company’s investors, led by Remus Capital and...

Presto CEO says the business will survive if delisted

Business Insider

Supreet Kaur said that companies' expectations around the experience needed to land an AI job changed in the last two years.

She interviewed for 15 AI roles before landing a Microsoft offer. It made her realize how the job market has changed.

Illinois State

Chicago, IL

Foodie in Chicago

MOD Pizza has over 500 locations across the country with 22 restaurants in Illinois. The Washington-based chain offers fast-casual fare known for its customized, artisan-style pizzas. Customers can choose from over 40 toppings and 8 sauces to create their own masterpiece.

Bankruptcy Looms for Major Pizza Chain With Chicago Suburban Locations

Joann Chief Financial Officer Scott Sekella, who oversaw the company’s recent restructuring and bankruptcy, has left. Jeff Dwyer, managing director at Alvarez & Marsal, will be interim CFO until a replacement is found. The crafts retailer also announced a slate of new executives. John Stalcup was promoted to executive...

Joann CFO out amid leadership revamp

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

New York Post

Microsoft predicted quarterly growth for its Azure cloud platform below estimates on Tuesday and said its capital spending would rise this fiscal year, in another sign the payoff in hefty AI investments may take longer than first thought.

Shares fell 7% after the company gave the spending forecast on a call with analysts but quickly pared losses to trade down 3% after it said Azure growth would accelerate in the second half of fiscal 2025.

Microsoft – widely seen as the frontrunner in the race to make money from generative artificial intelligence thanks to its tie-up with OpenAI – has been investing heavily to expand its...

Microsoft sends shockwaves through tech sector after signaling AI payoff will take longer

J. Souza

Royal Caribbean’s Utopia of the Seas, a $1.35 billion behemoth of the sea, has recently been introduced to the world since its maiden voyage on July 19th. The ship, boasting nearly 5,700 passengers and a crew of over 2,200, offers an array of amenities designed to cater to multi-generational families on shorter 3- and 4-day itineraries.

Cruise Passengers Not Happy About Feature on World's Newest Mega Ship

The cost of King Charles' lobster dinner in France cost the French president's office nearly $514,000.

Lobster dinner for King Charles cost France $514K

On Sept. 1, Anita Salvatore will step into the role of North America CEO of Corporate Travel Management (CTM). Her ascension means five of the 10 largest travel agencies in the country will have women in the role of either CEO or president. "We're breaking through the glass ceiling," Salvatore...

Anita Salvatore, new CEO of CTM North America, notches win for women in travel

The Motley Fool

Microsoft is currently the largest holding in the Bill & Melinda Gates Foundation Trust portfolio.

Billionaire Bill Gates Has 33% of His $46 Billion Foundation Invested In This Once-In-A-Generation Artificial Intelligence (AI) Stock

California State

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

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The HD Post

CALIFORNIA – Plaintiffs, in a case against Wells Fargo alleging that the bank knowingly took part in a marketing scam, asked the court, July 8, not to grant a motion for summary judgment.

Class action lawsuit says Wells Fargo customers lost over $160 Million

Awful Announcing

A company that’s frequently come up in recent local broadcasting deals is direct-to-consumer streaming firm Kiswe. The New Jersey-based business has long focused on sports and technology, coming onto the scene with a Washington Mystics WNBA deal in 2014, working with a variety of leagues and teams (including the Professional Fighters League and CrossFit Games) Read more...
The post Streaming company Kiswe adds veteran CFO Joe Statter appeared first on Awful Announcing.

Streaming company adds veteran CFO

Krispy Kreme is getting into the Olympic spirit with $1 doughnuts. The company on Monday unveiled a pair of promotions for $1 doughnuts, one of which will occur Wednesday and the other Thursday. With the deals, Krispy Kreme said it was "encouraging Americans to ‘Go for the Glaze’" as Team...

Krispy Kreme getting into the Olympic spirit with $1 doughnuts

GE Aerospace has signed a five-year agreement with Riyadh Air for the adoption of its suite of flight operations software solutions: Safety Insight, Fuel Insight and FlightPulse®. This strategic partnership will equip the new Saudi Arabian airline with data-driven analytics to optimise fuel consumption, enhance safety measures and fortify its sustainability initiatives. With Fuel Insight integrated into its operations, Riyadh Air aims to position itself as a leader in sustainable aviation practices. The airline will leverage Safety Insight's real-time Flight Data Monitoring (FDM) and Flight Operations Quality Assurance (FOQA) solutions to ensure the highest standards of safety and quality across its advanced fleet.

GE Aerospace and Riyadh Air announce five-year partnership

One of China’s main competitors in the chip war has built a research and development center for chips in Shanghai as it faces pressure from U.S. sanctions aimed at curbing its advanced technology efforts. Suggested Reading. The Huawei LianqiuLakeR&D Center is expected to start operations this year with a...

Huawei just built a $1.4 billion chip center as it faces U.S. sanctions

Uncovering Florida

Most people are guilty of doing it at least once in their lives, many people do it by accident, some do it because they find it fun, and others do it for reasons like honoring loved ones. Regardless of the situation, just about everyone has released a balloon. The difference is that intentionally releasing balloons is now illegal by House Bill 321’s standards.

Law Signed By DeSantis Makes It Illegal To Release Balloons In Florida

NewsBreak

Boeing names Kelly Ortberg as new president, CEO

Boeing's Board of Directors has named Robert K. \"Kelly\" Ortberg as the company's new president and chief executive officer. The company announced on Wednesday that his...

Boeing's Board of Directors has named Robert K. "Kelly" Ortberg as the company's new president and chief executive officer. The company announced on Wednesday that his...

Boeing names Kelly Ortberg as new president, CEO

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