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Boeing CEO Dave Calhoun speaks to reporters as he departs from a meeting at the office of Sen. Mark Warner (D-VA) on Capitol Hill January 24, 2024 in Washington, DC. Boeing CEO Dave Calhoun will step down at the end of 2024 in part of a broad management shakeup for the embattled aerospace giant. Chairman of the board Larry Kellner is also resigning and will leave the board at Boeing's annual meeting in May. And Stan Deal, president and CEO of Boeing Commercial Airplanes, is leaving the company effective immediately. Scrutiny intensified after a Jan. 5 accident, when a door plug blew out of a nearly new Boeing 737 Max 9, minutes into an Alaska Airlines flight.

Persons: Dave Calhoun, Sen, Mark Warner, Larry Kellner, Steve Mollenkopf, Stan Deal, Stephanie Pope, Kellner, Calhoun, Dennis Muilenburg Organizations: Capitol, Boeing, Boeing Global Services, Alaska Airlines Locations: Washington , DC

THOUSAND OAKS, Calif. (AP) — The Los Angeles Rams have placed receiver Cooper Kupp on injured reserve, sidelining him for at least their first four games. The Rams also put new tight end Hunter Long on injured reserve Saturday, one day before their season opener at Seattle. Kupp injured his hamstring Aug. 1 in training camp, and he aggravated the injury late last month. Political Cartoons View All 1148 ImagesThe Rams also signed kicker Brett Maher and quarterback Brett Rypien from their practice squad ahead of their trip to Seattle to face the Seahawks. Rypien will be the backup to Matthew Stafford in the absence of Stetson Bennett, who wasn't put on injured reserve despite a shoulder problem likely to prevent him from suiting up in Seattle.

Persons: Cooper Kupp, Hunter Long, Kupp, Brett Maher, Brett Rypien, Rypien, Matthew Stafford, Stetson Bennett, wasn't, Troy Reeder, ___ Organizations: Los Angeles Rams, Rams, Seattle, NFL, Super Bowl, Cincinnati, Philadelphia, Seahawks, Seattle . Locations: Calif, Minnesota, Seattle, Seattle . Los Angeles

☆ Hawaiian Electric shares sink on wildfire lawsuit, dividend pause, ratings cut
▼ + stars: | 2023-08-25 | by ( ) www.reuters.com time to read: +2 min

Aug 25 (Reuters) - Hawaiian Electric shares (HE.N) on Friday plunged to their lowest level since 1984 as a lawsuit alleging negligence leading to Maui wildfires raised investor worries over the financial health of the utility that has paused dividend payout. "We are very disappointed that Maui County chose this litigious path while the investigation is still unfolding," the company told Reuters. S&P Global Ratings, meanwhile, initiated its second rating cut on the company and its units this month, to 'B-' from 'BB-'. Moody's and Fitch have also lowered Hawaiian Electric to junk status. Its shares have lost more than half of its market value since the Aug. 8 wildfire.

Persons: Wells, Jonathan Reeder, Moody's, Fitch, Reeder, Medha Singh, Arunima Kumar, Arun Koyyur Organizations: Electric, Maui, Reuters, Hawaiian Electric Industries, Thomson Locations: Maui, Honolulu, Lahaina, Bengaluru

Homes damaged by fire are seen in Lahaina on the island of Maui in Hawaii, U.S., August 14, 2023. The company said in its filing that shutting off power was not part of its high-wind management protocol. Analysts have said Hawaiian's situation is reminiscent of that of PG&E Corp (PCG.N) and wildfires in California. PG&E filed for bankruptcy protection in 2019, and subsequently restructured, citing potential liabilities exceeding $30 billion stemming from California wildfires that were blamed on its equipment. As of Thursday, about 1,900 customers in West Maui remained without electricity, Hawaiian said.

Persons: Jorge Garcia, Wells, Jonathan Reeder, Arshreet Singh, Arunima Kumar, Shreyashi Sanyal, Caroline Valetkevitch, Arun Koyyur, Josie Kao Organizations: REUTERS, Hawaiian Electric Industries, Electric, Moody's, E Corp, Thomson Locations: Lahaina, Maui, Hawaii, U.S, Honolulu, American, California, West Maui, Bengaluru, New York

☆ Hawaiian Electric shares drop 30% on concern about potential liability from Maui wildfires
▼ + stars: | 2023-08-14 | by ( Michelle Fox | ) www.cnbc.com time to read: +1 min

A Mercy Worldwide volunteer makes damage assessment of charred apartment complex in the aftermath of a wildfire in Lahaina, western Maui, Hawaii on August 12, 2023. Shares of Hawaiian Electric tumbled more than 35% on Monday amid Wall Street concerns about the company's potential liability in the Maui wildfires. On Saturday, a class-action lawsuit was filed against the utility company, which oversees Maui Electric, that alleged the destruction "could have been avoided" if the company shut down its power lines before the high winds hit, NBC News reported. At least 96 people have died in what is now the deadliest U.S. wildfire in more than a century. Wells Fargo subsequently lowered its price target on the stock to $25 per share from $35 on Sunday.

Persons: Wells Fargo, Jonathan Reeder Organizations: Mercy Worldwide, Electric, Maui Electric, NBC News, & $ Locations: Lahaina, Maui, Hawaii, CA

☆ GlobalFoundries scraps plan to appoint former top Amazon executive as CFO
▼ + stars: | 2023-07-11 | by ( ) www.reuters.com time to read: +1 min

July 11 (Reuters) - Chipmaker GlobalFoundries (GFS.O) has shelved its plan to appoint former Amazon executive Tim Stone as chief financial officer, it said on Tuesday, two months after choosing him. It said current CFO David Reeder will remain in the role through the end of the year as it looks for a new candidate. GlobalFoundries had in May named Stone, who was at Amazon (AMZN.O) for more than 20 years and served as CFO for AWS and Devices businesses. The chipmaker counts companies including Advanced Micro Devices (AMD.O), STMicroelectronics (STMPA.PA), Qualcomm (QCOM.O) and Lockheed Martin (LMT.N) among its customers. Reporting by Chavi Mehta in Bengaluru; Editing by Nivedita Bhattacharjee and Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.

Persons: Tim Stone, David Reeder, GlobalFoundries, Stone, Lockheed Martin, Chavi Mehta, Nivedita Bhattacharjee, Arun Koyyur Organizations: Amazon, AWS, Ford Motor, Devices, Qualcomm, Lockheed, Global, IDC, Thomson Locations: Bengaluru

☆ For companies sticking with remote work, the rules for success are becoming clear
▼ + stars: | 2023-06-22 | by ( Rachel Curry | ) www.cnbc.com time to read: +7 min

For organizations that are ready to move past temporary remote or hybrid work arrangements, remote work "maturity" is the final step. Companies with highly effective documentation are more than twice as likely to report that their company maximizes the positives of remote work, according to the Gusto Hybrid Work Playbook. For early remote work adopters, rigorous documentation has been key from the beginning. Nearly half of companies who report having clear goals say remote or hybrid work has been positive for company performance. Reeder says while tools can help make remote work more effective, leaders should not use software to mask inefficiencies.

Persons: Annie Dean, Dean, JJ Reeder, " Reeder, Reeder, Brex, Angela Crossman, it's, Crossman, Upwork, Atlassian Organizations: Companies, malleability Locations: Atlassian, Upwork, San Francisco, Chicago

☆ Chipmaker GlobalFoundries forecasts downbeat quarter, shares fall
▼ + stars: | 2023-05-09 | by ( ) www.reuters.com time to read: +2 min

May 9 (Reuters) - GlobalFoundries Inc (GFS.O) projected quarterly revenue below estimates on Tuesday as the chip manufacturer takes a hit from slumping sales of smartphones and other consumer electronics, sending its shares down nearly 5% in premarket trading. GlobalFoundries forecast second-quarter revenue between $1.81 billion and $1.85 billion, the midpoint of which was slightly lower than estimates of $1.85 billion, according to Refinitiv. GlobalFoundries' revenue came in at $1.84 billion for the quarter ended March 31, beating analysts' estimates of $1.83 billion, according to Refinitiv. GlobalFoundries reported an adjusted profit of 52 cents per share, exceeding Wall Street estimates of 49 cents per share. Reporting by Samrhitha Arunasalam in Bengaluru; Editing by Subhranshu SahuOur Standards: The Thomson Reuters Trust Principles.

☆ Developer tool startups in Y Combinator's latest class are grabbing the attention of investors like Elad Gil and Google's Gradient Ventures. Here are 4 that have already landed funding.
▼ + stars: | 2023-04-20 | by ( Stephanie Palazzolo | Madeline Renbarger | ) www.businessinsider.com time to read: +4 min

Developer tool startups that were part of Y Combinator's latest class are drawing strong interest from several high-profile venture capitalists. Sequoia partner Lauren Reeder personally participated in the code review startup's recent funding round, according to a Sequoia spokesperson. That fundraising was at a $30 million post-money valuation, one person familiar with the deal said. Developer tool startups accounted for 26% of the companies in YC's winter 2023 batch, up from 16% of the summer 2022 class, according to the accelerator's startup directory. Have a tip on a startup funding round?

☆ I make 6 figures as a hospital pharmacist. Here's why it's a great career, and my advice to anyone who wants to pursue it.
▼ + stars: | 2023-02-02 | by ( Gabrielle Reeder | ) www.businessinsider.com time to read: +8 min

Her hospital and pharmacy is open 24/7, and she works 8-hour shifts including Sundays at times. Rummana said the job is always fast-paced, but she's grateful and loves being a hospital pharmacist. I started working at CVS and then transitioned into hospital pharmacy at St. Joseph's Wayne Hospital in Wayne, New Jersey. I started working at Hackensack in January 2021 as a hospital pharmacist, and I make $71.60 an hour. Seeing people leave the hospital and lead happier, healthier lives can be translated into a career as a pharmacist.

This week, we’ve got an Amazon Alexa device for your car, a stand mixer from Instant, new cast iron cookware from Made In and more. Made In expanded its Enameled Cast Iron Collection with its new 11-inch round Enameled Cast Iron Skillet. The skillet’s cast iron cooking surface retains heat well and distributes it evenly, making it particularly helpful for searing, sautéing and making stir-fry, Made In says. Stitch Fix is calling the program Travel Style Insurance. Those interested in the program can contact Stitch Fix via email (Travel-Style-Insurance@stitchfix.com) and provide proof of their lost luggage from a flight taken between Dec. 5 and Jan. 5.

☆ Top tips for saving money at Disney parks while traveling with a family on a budget
▼ + stars: | 2022-11-27 | by ( Gabrielle Reeder | ) www.businessinsider.com time to read: +8 min

For non-Florida residents who want to visit Disney World, purchasing a vacation package is cost-effective, travel agent Shannon Devine told Insider. For non-Florida residents, purchasing a Disney World vacation package is cost-effective, Shannon Devine, an independent travel agent with Academy Travel who specializes in planning Disney family vacations told Insider. A view of Disney's Grand Floridian Resort main entrance at Walt Disney World. Disney Tsum Tsums or smaller stuffed animals are at Walmart or Target for a fraction of Disney parks' costs. For an estimate of Disney trip costs, visit the Disney World Coast Calculator.

☆ Auto loan delinquencies rise as loan-accommodation programs end
▼ + stars: | 2022-11-08 | by ( Phil Lebeau | ) www.cnbc.com time to read: +3 min

With inflation cutting into the budgets of Americans, a growing percentage of people with auto loans are struggling to make their monthly payments. "It leaves fewer dollars in their pocket to make the auto loan payment, because they've got to pay more for eggs and milk and other things." The rise in delinquencies also follows the end of loan-accommodation programs set up during the pandemic. Despite the rise in delinquencies, Merchant believes the auto loan market remains healthy. The average interest rate for a new-vehicle loan climbed to 5.2% in the third quarter, while the average rate for a used vehicle loan hit 9.7%, according to TransUnion.

☆ The world is running out of helium. Here's why doctors are worried.
▼ + stars: | 2022-10-22 | by ( Caroline Hopkins | Nbc News Contributor Caroline Hopkins Is A Health | Science Journalist Who Covers Cancer Treatment For Precision Oncology News. She Is A Graduate Of The Columbia University Graduate School Of Journalism. | ) www.nbcnews.com time to read: +7 min

A global helium shortage has doctors worried about one of the natural gas’s most essential, and perhaps unexpected, uses: MRIs. Now, four of five major U.S. helium suppliers are rationing the element, said Phil Kornbluth, president of Kornbluth Helium Consulting. That’s where helium comes in: With a boiling point of minus 452 degrees Fahrenheit, liquid helium is the coldest element on Earth. “Without helium, MRIs would have to shut down.”Manufacturers like GE Healthcare and Siemens Healthineers recognize this vulnerability. As doctors dread possible worst-case scenarios, scientists who use liquid helium for research are already there.

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