Category: Business
Fandango founder, a serial entrepreneur, dies in an apparent suicide by falling from a New York City hotel. He leaves behind his wife and six children.
Keywords: Fandango, Founder, Suicide, Entrepreneurship
Source: WFTV Orlando
Update At: 7/19/2024
Microsoft announced its fiscal year 2024 fourth-quarter financial results, available on its Investor Relations website. A conference call will be held at 2:30 p.m. Pacific Time, with a live webcast accessible online. The company emphasizes its commitment to AI and innovative solutions for customers.
Microsoft
Microsoft reported strong earnings with $2.95 diluted earnings per share and $64.7 billion in quarterly sales, but shares fell about 7% due to disappointing growth in its AI business. Despite record revenue and net income for the fiscal year, the market reacted negatively, similar to trends seen with other tech giants like Alphabet. Analysts predict a close competition between Microsoft and Apple in profitability by 2026.
Forbes
Boeing has appointed Robert 'Kelly' Ortberg as its new CEO, effective August 8, to address ongoing safety and manufacturing challenges. Ortberg, a veteran in the aerospace industry and former CEO of Rockwell Collins, is expected to lead Boeing through a significant transition following recent leadership changes and financial losses.
CNBC
Boeing appointed Robert 'Kelly' Ortberg as its new CEO following a $1.4 billion core operating loss in Q2, significantly higher than the previous year. Ortberg, an engineer with a history in the aviation industry, replaces Dave Calhoun amid ongoing scrutiny of the company's safety and quality issues. His leadership is seen as a potential shift towards prioritizing engineering over finance.
CNN
Kelly Ortberg, former CEO of Rockwell Collins, is a leading candidate for Boeing's next CEO, alongside Pat Shanahan and Stephanie Pope. The Boeing board is expected to make a decision soon, potentially before the release of second quarter results on July 31.
The Air Current
Boeing Co. appointed Kelly Ortberg as its new CEO, facing significant turnaround challenges amid a reported steep loss in the second quarter.
Bloomberg.com
Boeing reported a loss of over $1.4 billion in Q2, with revenue down 15% year-over-year. Robert 'Kelly' Ortberg will replace David Calhoun as CEO amid ongoing challenges, including fraud allegations and supply-chain issues. The company is also seeking regulatory approval for new aircraft models and considering the design of a new single-aisle plane.
Yahoo Finance
Boeing has appointed Kelly Ortberg, the former CEO of Rockwell Collins, as its new CEO, expressing eagerness to begin the work ahead.
Business Insider
Boeing appointed Robert K. 'Kelly' Ortberg as the new CEO following a $1.4 billion core operating loss in Q2, significantly higher than the previous year. Ortberg, an engineer by training, replaces retiring CEO Dave Calhoun amid ongoing scrutiny of the company's safety and quality issues.
WRAL.com
Boeing appointed Robert K. Ortberg as the new CEO to address challenges following a recent crisis. He will focus on cultural changes, supplier acquisition, supply chain improvements, and the development of new aircraft. Ortberg, a respected aerospace leader, takes over on August 8.
The New York Times