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Search resuls for: "Andrew Tang"


4 mentions found


☆ Boeing to Pay $200 Million to Settle SEC Investigation Related to 737 MAX Crashes
  + stars: | 2022-09-22 | by ( Dave Michaels | Andrew Tangel | Emily Glazer | ) www.wsj.com   time to read: 1 min
Dennis Muilenburg, then CEO of Boeing, attended a Senate committee hearing in 2019 about the 737 MAX crashes as family members held up pictures of those killed in the crashes. Boeing agreed to pay $200 million to settle a Securities and Exchange Commission investigation into allegations that the plane maker and its former chief executive made misleading statements the 737 MAX’s safety risks after two of the jets crashed. Dennis Muilenburg, Boeing’s former CEO, agreed to pay $1 million to settle the SEC’s claims, the agency said on Thursday. Both the company and Mr. Muilenburg resolved the investigation without admitting or denying wrongdoing.
☆ Kittyhawk, Google Co-Founder Larry Page’s Air Taxi Startup, Is Winding Down
  + stars: | 2022-09-21 | by ( Allison Prang | Andrew Tangel | ) www.wsj.com   time to read: 1 min
Kittyhawk, a startup backed by Google co-founder Larry Page that was working on developing air taxis, said it is winding down its business. “We’re still working on the details of what’s next,” the company said Wednesday in a two-sentence post on LinkedIn.
☆ Boeing to Cut About 150 Finance Jobs in the U.S.
  + stars: | 2022-09-21 | by ( Andrew Tangel | ) www.wsj.com   time to read: 1 min
A Boeing spokesman said the job reductions weren’t related to the move of the company’s headquarters to Arlington, Va.Boeing said it plans to eliminate about 150 finance jobs in the U.S. as part of a push to simplify its corporate structure. The expected reduction follows what the company said were earlier corporate staffing cuts in areas such as information technology, aimed at reducing complexity so Boeing can focus more resources on engineering, manufacturing and product development.
☆ United Airlines Maintenance Error Snarls Some Flights
  + stars: | 2022-09-21 | by ( Alison Sider | Andrew Tangel | ) www.wsj.com   time to read: 1 min
United Airlines Holdings canceled some flights Monday night and Tuesday to perform inspections on the wing slats of some of its Boeing 777-200 jets, the airline said. United discovered that it had failed to perform required inspections of panels on the front edge of the wings of 25 jets and had to take them out of service, the Federal Aviation Administration said Tuesday.
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