Yahoo Finance Larry Culp Saved GE. Now He’s Aiming to Transform the Aerospace Industry.
Culp split GE into three companies and wound up piloting the leader in jet engines for commercial aircraft.
Culp split GE into three companies and wound up piloting the leader in jet engines for commercial aircraft.
An investigation was launched after a Boeing 737 Max flown by Ryanair plunged at alarming speed during its final approach to London Stansted Airport, it has emerged.Flight data reveals that on December 4 last year, flight FR1269 dropped more than 2,000ft in a mere 17 seconds.
Regulators have concluded Boeing should face criminal charges over safety issues on the 737. It is being sued over a mid-air blowout. And design faults have left a pair of astronauts stranded in space.
For a certain cohort of retirees, retirement has meant financial stability and peace of mind.
Tour operators say they are trying to source alternatives after the announcement by Youtravel
India's opposition Congress urged Prime Minister Narendra Modi's government on Saturday to question Foxconn about its hiring practices after Reuters reported that the Apple supplier rejects married women from iPhone assembly jobs in the country. The government has sought a detailed report from the state of Tamil Nadu, site of a major iPhone factory where Reuters uncovered Foxconn's hiring practices. The story has sparked debates on TV channels, newspaper editorials and calls from women groups, including within Modi's party, to investigate the matter.
Retail sales are plunging in Germany in a fresh blow to chancellor Olaf Scholz’s hopes of an economic recovery.
STORY: Aircraft delivery issues are having a "brutal" impact on Lufthansa, and won't be resolved before the end of the decade.That's according to CEO Carsten Spohr, speaking at a business press club in Stuttgart late Thursday (June 27).He said the aircraft shortage could be costing Lufthansa some $535 million a year - although he did not provide an exact figure.The German group has ordered 250 new aircraft from Airbus and Boeing to modernize its fleet.Those deliveries are scheduled between this year and 2029, but Spohr said, "no plane arrives on time." He added around 100 of Lufthansa's 750 aircraft were grounded either for maintenance reasons or because they'd been decommissioned.Earlier this week, Airbus lowered its forecast for deliveries this year to around 770 jets from around 800. The announcement came with growing doubts among suppliers over its jet output as Airbus grapples with parts shortages.At rival Boeing, a series of incidents have raised regulatory scrutiny of the U.S. manufacturer.It's added to delays in deliveries that originated during the pandemic.
TeamViewer, the company that makes widely used remote access tools for companies, has confirmed an ongoing cyberattack on its corporate network. In a statement Friday, the company attributed the compromise to government-backed hackers working for Russian intelligence, known as APT29 (and Midnight Blizzard). TeamViewer said that the cyberattack "was contained" to its corporate network and that the company keeps its internal network and customer systems separate.
Dechert has more than 20 employees in its Hong Kong office, 14 of whom are lawyers, including four partners, according to its website and one of the people. There are no other China offices listed on the global law firm's website.
Here's what personal finance experts recommend you do with your money from your 20s to your 80s.
A Texas-based millennial who's making $350,000 secretly working two remote jobs says he only worked 50 hours a week.
(Reuters) -A federal judge in Texas on Friday temporarily blocked a Biden administration rule from taking effect that would extend mandatory overtime pay to 4 million salaried U.S. workers. U.S. District Judge Sean Jordan in Sherman, Texas, said the U.S. Department of Labor rule that is set to go into effect on Monday improperly bases eligibility for overtime pay on workers' wages rather than their job duties. Jordan, an appointee of Republican former President Donald Trump, blocked the Labor Department from applying the rule to state workers in Texas pending the outcome of a legal challenge by the Republican-led state.
Key Insights Using the Dividend Discount Model, FAT Brands fair value estimate is US$8.48 FAT Brands is estimated to be...
Criminal charges against a corporation, like the ones the Justice Department is considering bringing against Boeing, would be a serious blow, worsening the company’s already precarious financial situation and further damaging its battered reputation. But it wouldn’t necessarily result in past or current executives facing prison time.
Bank of America has thrown its weight behind London-based fintech Simply Asset Finance to support its lending to small businesses.
Ultra-low-cost e-commerce giants Shein and Temu have only recently been confirmed as subject to centralized enforcement of the strictest layer of the European Union's digital services regulation, the Digital Services Act (DSA), but on Friday the Commission announced it's sent a bunch of requests for information (RFI) to both platforms vis-à-vis to their compliance with various requirements of the law. The DSA is the bloc's recently rebooted online rulebook which aims to raise standards on digital services including marketplaces -- with lawmakers touting the regime as their tool of choice to shrink consumer risks in areas like the sale of illegal or dangerous goods.
Warren Buffett, renowned for his investment acumen and unabashed love for junk food, once said, "I'm one quarter Coca-Cola." This whimsical declaration was more than just a humorous quip; it underscored his investment philosophy of putting money into what he loves. During the 2015 Berkshire Hathaway annual shareholders meeting, Buffett elaborated on his long-term commitment to sugar-rich companies and addressed the evolving consumer behavior toward sugar consumption. Don't Miss: No generation be
As a foreigner, navigating health insurance systems can often be difficult. German startup Feather thinks it has a solution and raised €6 million to help some of the 40-plus million expats working and living in Europe. It is not that there are no options for foreign nationals to get insurance; there are plenty.
Tractor Supply Company has eliminated its diversity, equity and inclusion initiatives as part of what the retail chain says is a push to distance itself from “nonbusiness activities” after conservative backlash from some of its customer base.
(Bloomberg) -- Angola is set to export the most oil in almost four years in August, demonstrating why the country decided to leave OPEC.Most Read from BloombergBiden’s Disastrous Debate Accelerates Doubts Over CandidacyDemocrats Question Replacing Biden: Here’s How It Could WorkGavin Newsom Is Ready for the Biden EmergencyBiden Struggles as He Spars With Trump on Economy: Debate TakeawaysSupreme Court Overturns Chevron Rule in Blow to Agency PowerShipments will jump to 1.23 million barrels a day