Boeing CEO Dave Calhoun is set to testify before a Senate panel on June 18 to address concerns surrounding whistleblower allegations and quality control issues at the aircraft manufacturing giant. The testimonial comes as Boeing finds itself embroiled in a safety crisis that has put the company’s reputation at stake. Senator Richard Blumenthal, D-Conn., has
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American Airlines CEO, Robert Isom, recently announced a 17% wage increase for flight attendants in the midst of ongoing contract negotiations. The airline has been in discussions with the Association of Professional Flight Attendants but has not reached a final agreement, primarily due to disagreements over pay. This wage increase comes as flight attendants have
Boeing’s Starliner embarked on its first manned flight on Wednesday, marking a pivotal moment in the journey towards commercial space travel. With two NASA astronauts on board, the spacecraft took off from Cape Canaveral, Florida, propelled by an United Launch Alliance’s Atlas V rocket. This mission signifies a critical final test for the Starliner, validating
Walmart recently announced its plans to introduce new training programs and certifications to help fill high-demand roles within the company. From HVAC technicians to software engineers, the retail giant is aiming to provide more opportunities for its employees to advance their careers. Additionally, Walmart also revealed that hourly store workers can now receive bonuses of
Recently, Warner Bros. Discovery’s Max announced price increases for its ad-free options, joining a trend of various streaming platforms raising their membership fees. This decision comes just before the much-anticipated second season premiere of HBO’s “Game of Thrones” prequel, “House of the Dragon,” which drew a record-breaking number of viewers. The streaming service currently offers
Ford Motor experienced an 11.2% increase in U.S. new vehicle sales in May compared to the previous year. This growth was primarily driven by a significant surge in hybrid and all-electric vehicle sales, with both segments showing a remarkable 65% increase. In contrast, sales of traditional vehicles with internal combustion engines only rose by 5.6%.
Paramount Global’s current leadership team recently unveiled a go-forward plan at the company’s annual shareholder meeting, outlining strategic priorities in the event that a potential sale of the company does not materialize. The plan, presented by the “Office of the CEO” comprised of CBS CEO George Cheeks, Paramount Media Networks CEO Chris McCarthy and Paramount
The entertainment industry is abuzz with news of a possible merger between Paramount and Skydance. CNBC’s David Faber has reported on the ongoing negotiations between the two companies, with a deal expected to be announced soon. The merger would involve David Ellison’s Skydance, backed by private equity firms RedBird Capital and KKR, acquiring a significant
Jeep is setting ambitious goals for the growth of its plug-in hybrid electric vehicles (PHEVs) in the U.S. market. The brand, under the leadership of CEO Antonio Filosa, aims to increase sales of PHEVs by as much as 50% this year. With a target of selling 160,000 to 170,000 PHEVs in the U.S., Jeep is
Moderna and Merck recently shared promising data from a three-year study focused on their experimental vaccine used in conjunction with Keytruda for patients suffering from a severe form of skin cancer. This unveiling took place during the American Society of Clinical Oncology annual meeting in Chicago. The findings showcased a significant improvement in survival rates