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Virgin Australia's IPO executive David Marr resigns
  + stars: | 2023-10-17 | by ( ) www.reuters.com   time to read: 1 min
Aircraft from Australia's second largest airline, Virgin Australia, sit on the tarmac at the domestic terminal of Sydney Airport in Australia, August 19, 2018. Picture taken August 19, 2018. REUTERS/David Gray/File Photo Acquire Licensing RightsOct 17 (Reuters) - Bain Capital-owned Virgin Australia (IPO-VIR.AX) on Tuesday said its Chief Development Officer David Marr, who was assigned to lead the airline's plans for an eventual initial public offering (IPO), has stepped down from his role. "A significant amount of this work is now complete and while we are committed to an IPO as soon as practicable, the timing of an actual listing is dependent on capital markets conditions," the airline said in an emailed response to Reuters. Reporting by Poonam Behura in Bengaluru; Editing by Janane VenkatramanOur Standards: The Thomson Reuters Trust Principles.
Persons: David Gray, David Marr, Poonam, Janane Organizations: Virgin, Sydney Airport, REUTERS, Bain Capital, Virgin Australia, Reuters, Thomson Locations: Australia's, Virgin Australia, Australia, Bengaluru
But unlike many other US cities, much of DC's downtown office space is controlled by a single landlord: the federal government. There are three major issues when it comes to empty federal building space, Marroni said. Many congressional Republicans have also demanded that the Biden administration both restrict telework and get rid of unused office space. The White House Office of Management and Budget asked federal agencies in April to "substantially increase meaningful in-person work" by limiting telework. But there are concerns — including from employee unions — that restricting remote work could hurt the recruitment and retention of federal workers.
Persons: Muriel Bowser, hasn't, , David Marroni, Marroni, She's, Biden, Scott Perry, they've Organizations: Office, DC, Service, Republicans, Transportation, Infrastructure, GAO, Pennsylvania Republican, White, Office of Management, Department of Education, Department of Veterans Affairs, Post, Trump International Locations: Wall, Silicon, Washington, DC's, Pennsylvania
CompaniesCompanies Law Firms Grail Inc FollowIllumina Inc Follow(Reuters) - A U.S. appeals court on Tuesday said it will accelerate reviewing Illumina Inc's challenge to a federal agency order requiring the biotechnology company to divest cancer diagnostic test maker Grail LLC. The agency said Illumina had not shown why the appeals court needed to speed up its consideration of the antitrust dispute. San Diego-based Illumina, which specializes in gene sequencing, is appealing an April 3 FTC order that said the company's $7.1 billion acquisition of Grail will curb competition in the cancer-testing market. The FTC in 2021 sued Illumina over its bid for Grail, a former subsidiary of the company. The case is Illumina Inc and Grail Inc v. Federal Trade Commission, 5th U.S.
The executive leading Microsoft's mixed reality goggle program for the US military is leaving. Microsoft's military contract has been behind schedule and plagued by performance issues. David Marra — the executive in charge of Microsoft's mixed reality goggle program for the US military — is leaving the company, Insider has learned. Marra is IVAS's program director, as well as the partner and general manager of AI and mixed reality. Domencic, who one person said replaces Marra, landed at Microsoft in November 2020 after a long career in the military.
Microsoft won a contract worth as much as $22 billion to build smart goggles for the US military. The device received a poor reception from soldiers in a recent test, according to an Army report. Microsoft's smart goggles for the US military failed most elements of a recent Army test and one tester remarked the device would be dangerous for soldiers to wear, according to excerpts from an Army report dictated to Insider. The device failed in four out of six evaluation events in a recent "operational demo," according to a Microsoft employee briefed about the event. The Army contract was considered a major milestone for Microsoft in particular and the augmented reality field in general.
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