By David Shepardson and Allison Lampert (Reuters) – Boeing CEO Dave Calhoun will step down by year-end in a broad management shakeup brought on by the planemaker’s sprawling safety crisis exacerbated by a January mid-air panel blowout on a 737 MAX plane. In addition, board chair Larry Kellner and Stan Deal, head of the company’s…
(Reuters) – Boeing’s David Calhoun will step down as CEO at the end of 2024, capping four turbulent years at the helm as the iconic planemaker seeks to address a spiraling safety crisis following a mid-air panel blowout on a 737 MAX plane in January. Calhoun, previously Boeing’s chairman, was tasked with steering the aerospace…
By Mike Scarcella (Reuters) – Apple has been hit with a flurry of new consumer lawsuits accusing the iPhone maker of monopolizing the smartphone market, piggybacking on a sweeping antitrust case lodged by the U.S. Justice Department and 15 states last week. At least three proposed class actions have been filed since Friday in California…
(Reuters) -Boeing CEO Dave Calhoun will step down by the end of the year, following the planemaker’s ongoing safety crisis with its 737 MAX jets that was exacerbated by a January mid-air panel blowout. U.S. regulators briefly grounded certain planes for safety checks following the blowout, a move less severe than the grounding of all…
(Reuters) – Oppenheimer Asset Management on Monday became the most bullish among global brokerages in its year-end target forecast for the benchmark S&P 500, citing resilient economic data and effective monetary policy. It lifted its target for the index to 5,500 from 5,200 and also raised its annual S&P 500 earnings-per-share forecast to $250 from…
By Foo Yun Chee and Supantha Mukherjee BRUSSELS/STOCKHOLM (Reuters) -Big Tech is facing its biggest challenge in decades as antitrust regulators on both sides of the Atlantic crack down on alleged anti-competitive practices that could result in break-up orders to Apple and Alphabet’s Google, a first for the industry. That in turn could inspire watchdogs…
