Boeing has named an aerospace industry veteran and engineer as its new chief executive as the troubled plane-maker looks for a turnaround. Robert K "Kelly" Ortberg, a long-time leader at aircraft electronics supplier Rockwell Collins, will start in the position next month, Boeing said. He will replace Dave Calhoun, who...

Troubled Boeing names new boss for 'next chapter'

Seattle, WA

Today’s key stories focus on the priorities for Boeing’s new CEO, a proposed airworthiness directive on the 787, and Q2 financial results. Boeing’s new CEO is moving to Seattle and will have a Seattle-based office, moving him closer to the center of activities for the troubled commercial airplanes division. That in itself, indicates a return to the historic leadership location for the company, and hopefully, a return to the historic culture that existed prior to the McDonnell-Douglas merger. That is positive news.

The Daily Boeing: key stories for 2 August 2024

Boeing named a new CEO Wednesday after reporting a core operating loss of $1.4 billion in the second quarter — more than triple the loss from a year ago — as increased scrutiny of the safety and quality of its planes kept the troubled company from making enough aircraft to return to profitability.

Boeing names new CEO after losses more than triple

Boeing has selected Robert "Kelly" Ortberg to be its next president and chief executive officer. According to Boeing, Ortberg will begin in the position on August 8. He replaces Dave Calhoun, who earlier this year announced he was retiring. Calhoun had served as president and CEO since January 2020 and been on the Boeing board of directors since 2009.

Boeing Names New CEO to Lead Through ‘Consequential Period’

Business Insider

Small merchants in China have been holding rallies this month to protest Temu's fines and refund policies, multiple outlets reported.

Dozens of angry Chinese suppliers swarmed Temu's office, saying they're tired of giving Westerners refunds without returns

24/7 Wall St.

In case you have been living under a rock for the past year and a half, NVIDIA Corp. (NASDAQ: NVDA) has been the market’s hottest stock and is now one of the largest companies — as measured by market capitalization — in the entire world. After the chipmaker underwent a recent 10-for-1 stock split on June […]
The post If You Bought $100 of Recently Split Stock NVIDIA at Its IPO, This Is How Much It’d Be Worth Now appeared first on 24/7 Wall St..

If You Bought $100 of Recently Split Stock NVIDIA at Its IPO, This Is How Much It’d Be Worth Now

Chicago, IL

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Foodie in Chicago

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?

MarketRealist

The duo have a combined net worth of $445 billion

How long before Elon Musk and Jeff Bezos go broke if they spent $1 million a day?

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Bellingham Metro News

UNITED STATES — McDonald's has introduced a new burger, the "Big Arch," poised to become its first major global addition since Chicken McNuggets joined the core menu in 1983 and the recent addition of Chicken McCrispy.

McDonald's Unveils "Big Arch" Burger for U.S. and Global Markets

Jacksonville, FL

Jacksonville Today

Q. Jacksonville Today reader Jennifer E. has a few questions about the state of her local grocery stores. German grocery store company Aldi bought Winn-Dixie and Harveys grocery stores last year from Southeastern Grocers, the parent company based in Jacksonville. Jennifer wants to know the latest about the company’s plan to turn some of those stores into Aldi stores.

#AskJAXTDY | Are Winn-Dixie stores still becoming Aldi?

Serving tech enthusiasts for over 25 years. In brief: Intel looks set to join the list of companies that are making massive cuts to their workforces this year. Team Blue is reportedly letting go of thousands of employees as it looks to reduce costs amid increasing pressure from shareholders and a declining market performance.

Intel to eliminate thousands of jobs in cost-cutting move

 24/7 Wall St. Insights Howard Schultz, Starbucks Corp.’s (NASDAQ: SBUX) on-again, off-again CEO, has attacked current management about its possible settlement with an activist investor. Also: 2 Dividend Legends to Hold Forever Howard Schultz, who has been Starbucks Corp.’s (NASDAQ: SBUX) on-again, off-again CEO, has attacked current management about its possible settlement with an activist […]
The post Former CEO Attacks Starbucks appeared first on 24/7 Wall St..

Former CEO Attacks Starbucks

The Motley Fool

Palantir's long track record in AI positions it for serious growth.

1 Unstoppable Stock That Could Join Microsoft, Apple, Nvidia, Alphabet, Amazon, and Meta in the $1 Trillion Club

Entrepreneur

Venture capitalist Mark Stevens is Nvidia's second-largest shareholder.

He Bought Nvidia Stock in 1993. Now It's the Backbone of His $8.8 Billion Net Worth.

Alfred J. Hamwey was only 24 when his twin-engine Douglas A-20G Havoc bomber was shot down Jan. 20, 1945, while the pilot fought Japanese forces over New Guinea. For almost eight decades, no one knew where Hamwey’s body lay north of Australia.

Aviator’s remains identified 79 years after WWII crash

McDonald's reported that its global sales dipped for the second quarter, the first time it has done so in over three years. Reuters reported that people avoiding higher-priced menu items and persistent inflation are some of the factors that affected the fastfood chain's downslide, which was also replicated in its competitors like Burger King, Wendy's, and Taco Bell.

Not a Happy Meal This Time: Mcdonald’s Reports First Drop on Global Sales in 3 Years

California State

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

J. Souza

There's nothing quite like having a balcony cabin on a cruise ship. But while that semi-private space might seem like yours to do with as you please, Carnival is making sure cruisers know it comes with limitations.

Carnival Issues Ban on Balcony Activity Popular with Another Cruise Line

960 The Ref

Chipmaker Intel says it is cutting 15% of its huge workforce — about 15,000 jobs — as it tries to turn its business around to compete with more successful rivals like Nvidia and AMD. In a memo to staff, Intel Corp. CEO Pat Gelsinger said Thursday the company...

Chipmaker Intel to cut 15,000 jobs as tries to revive its business and compete with rivals

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

NewsBreak

Boeing taps a new CEO to correct its course

Heavy is the head that has to figure out how to make Boeing profitable again. After a monthslong search, the incident-riddled planemaker announced its new CEO...

Boeing taps a new CEO to correct its course

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