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☆ Boeing expects a 2024 cash burn, slow recovery of airplane deliveries amid crisis, CFO says
▼ + stars: | 2024-05-23 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

A month ago, West forecast Boeing would generate free cash flow "in the low single-digit billions." The company's aircraft deliveries in the first quarter fell to the lowest level since the pandemic. Other problems have also sprung up, including a pause on deliveries of 737 Max planes to China to review batteries for the cockpit voice recorder. Parts shortages have also slowed deliveries of 787 Dreamliners, Boeing has said. American Airlines last month said it would cut some international flights because of delays of the wide-body jets.

Persons: Brian West, West, Dave Calhoun, Max Organizations: American Airlines Boeing, Reagan National, FAA, Boeing, Wolfe Research, Federal Aviation Administration, Civil Aviation Administration, China, American Airlines, United Airlines, Southwest Airlines Locations: Los Angeles, United States, Washington , U.S, China

☆ DuPont de Nemours to split into three companies
▼ + stars: | 2024-05-22 | by ( Samantha Delouya | ) edition.cnn.com time to read: +2 min

CNN —DuPont de Nemours, the American multinational chemical company that traces its history back to 1802, announced plans to split into three publicly traded companies on Wednesday. DuPont’s breakup comes amid other large, multi-national companies announcing breakups in recent years, with many CEOs and corporate boards touting the agility of smaller companies. In a statement, Breen echoed a similar refrain, saying the three smaller companies would have greater flexibility after the spin-off. This is the second DuPont breakup in half a decade. In 2019, DowDuPont, which was created in a DuPont merger with Dow Chemical, broke apart into three separate entities: DuPont, Dow Chemical and Corteva, the company’s agriculture business.

Persons: Lori Koch, Ed Breen, Koch, Breen, ”, “, Kellogg, DuPont Organizations: CNN, DuPont de Nemours, DuPont, ”, General Electric, Dow Chemical

☆ New Iranian foreign minister a familiar face for US officials
▼ + stars: | 2024-05-22 | by ( Katie Bo Lillis | Mj Lee | ) edition.cnn.com time to read: +7 min

One familiar name stood out to US officials: the new acting foreign minister, Ali Bagheri Kani. Just last week in Oman, Kani was part of a delegation of senior Iranian officials that met indirectly with US officials, current and former officials said. In the wake of the death of so many of his top officials, US officials believe that Khamenei will work to ensure that replacements adhere to his hardline worldview. “It’s difficult to see there will be any major changes in the way Iran behaves on the world stage,” a senior administration official said. In talks with Iranian officials in Oman last week, US officials once again laid out for their counterparts the consequences of Iran’s destabilizing actions, behavior and policies, according to the senior administration official and a US official.

Persons: Ali Bagheri Kani, Kani, Biden, Ebrahim Raisi, Ali Khamenei, Raisi, Jonathan Panikoff, ” Khamenei, Khamenei, ”, Panikoff, “, Ayatollah Ali Khamenei, Vahid, –, Matt Miller Organizations: CNN, US, Supreme, Experts, Tehran ”, State Department Locations: Iran, United States, Oman, Gaza, Washington, Tehran, Israel, Kani

☆ Insider Today: Google's big shakeup
▼ + stars: | 2024-05-19 | by ( Matt Turner | ) www.businessinsider.com time to read: +4 min

Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. If you're interviewing for a job in the coming weeks, check out these five questions to ask at the end. Roaring Kitty; Getty Images; Alyssa Powell/BIThis week's dispatchInvestors go back to the futureAdvertisementStocks hit record highs. And with bitcoin hovering near record highs and the crypto winter seemingly behind us, crypto companies are on the front foot once more. Erdinhasdemir/Getty Images, Choness/Getty Images, Abanti Chowdhury/BIThe hottest jobs right now are blueWant a six-figure salary?

Persons: —, Kitty, Alyssa Powell, Keith Gill, Brandon Celi, Abanti Chowdhury, Jobs, Richard A, Rick Doblin, Sundar Pichai Mateusz, Chelsea Jia Feng Google's, shakeup, Sundar Pichai, Pichai, Adam Selipsky's Organizations: Service, Business, Dow, Consumers, Walmart, UPS, FDA, Getty Images, Google, Amazon Locations: Ukraine, East, Silicon

☆ Dodge and Ram boss Tim Kuniskis, father of the Hellcat, to retire from Stellantis
▼ + stars: | 2024-05-17 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

Kuniskis will be replaced by Chrysler brand CEO Christine Feuell, who will lead Ram in addition to Chrysler, and Matt McAlear, who will be promoted from Dodge's sales lead to brand CEO and a member of Stellantis' top executive team. DETROIT – Stellantis ' Dodge and Ram brands CEO Tim Kuniskis is retiring after a nearly 32-year career with the automaker and its predecessors, the company announced Friday. I wish him well in his retirement," Stellantis CEO Carlos Tavares said in a release. "I am confident that Chris will continue the work of Tim in leading the iconic Ram brand. Matt will bring a fresh perspective, while continuing to draw on the heritage of our iconic Dodge brand and leading the transition of the brand toward a sustainable future."

Persons: Christine Feuell, Ram, Matt McAlear, Dodge, Tim Kuniskis, Tim, Carlos Tavares, Chris, Matt, Sergio Marchionne, Kuniskis, Mark Stewart Organizations: Chrysler, Challenger, Dodge, DETROIT, U.S, Fiat Chrysler, French, PSA Groupe, Goodyear Tire Locations: American, North America, Durango, South America, Asia, Pacific, China

☆ Boeing shareholders re-elect departing CEO Calhoun to board
▼ + stars: | 2024-05-17 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Boeing CEO Dave Calhoun speaks briefly with reporters as he arrives for a meeting at the office of Sen. Mark Warner (D-VA) on Capitol Hill January 24, 2024 in Washington, DC. Boeing shareholders voted to re-elect the outgoing CEO Dave Calhoun to the board of directors, a preliminary tally on Friday showed, as he sought to reassure investors that the manufacturer is on the path to stability amid its latest safety crisis. Boeing also replaced its board chair and the head of its commercial airplane unit in the shakeup. Boeing's new chairman, Steve Mollenkopf, told shareholders at the company's annual meeting Friday that he has consulted with investors and customers on Calhoun's successor. Proxy advisor Glass Lewis had recommended that shareholders vote against Calhoun and two other board members.

Persons: Dave Calhoun, Sen, Mark Warner, Calhoun, Boeing's, Steve Mollenkopf, Glass Lewis, Max Organizations: Capitol, Boeing, Federal Aviation Administration, Justice Department Locations: Washington , DC

☆ Boeing shareholders vote to approve $33 million CEO pay package
▼ + stars: | 2024-05-17 | by ( Nicole Goodkind | Chris Isidore | ) edition.cnn.com time to read: +3 min

New York CNN —Shareholders of embattled airplane maker Boeing approved a pay package of nearly $33 million for outgoing CEO Dave Calhoun at the company’s annual general meeting on Friday. That’s the highest package ever paid to the company’s CEO and a 45% increase from the $22.6 million he received for 2022. The vast majority of the bump comes from a giant stock bonus granted on top of his more-than-a-million-dollar salary. Calhoun, who has led Boeing since 2020, announced in March that he will leave the company by the end of the year. The shareholder vote on Friday was made to approve Calhoun’s 2023 pay package.

Persons: Dave Calhoun, Calhoun, Max, ”, Steve Mollenkopf, “ It’s, “, Mollenkopf Organizations: New, New York CNN —, Boeing, Alaska Airlines Locations: New York, ”

☆ Cramer: I still have hope for Under Armour despite its weak quarterly earnings
▼ + stars: | 2024-05-16 | by ( Paulina Likos | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer hasn't lost hope in Under Armour 's turnaround, despite Thursday's poor quarterly results and a grim outlook. Quarterly revenue for Baltimore-based Under Armour declined 5% year over year to $1.3 billion, in line with Wall Street expectations. On those sales, the company delivered $7 million in net income or earnings per share of 2 cents. UA YTD mountain Under Armour stock performance year-to-date. The Under Armour brand does resonate overseas.

Persons: CNBC's Jim Cramer hasn't, Armour, Jim, Kevin Plank, Plank, Stephanie Linnartz, hasn't Organizations: UA, North America Locations: Baltimore, North

☆ Another top OpenAI exec just announced he's out, hours after Ilya Sutskever said he's leaving the company
▼ + stars: | 2024-05-15 | by ( Meghan Morris | ) www.businessinsider.com time to read: +3 min

Jan Leike, the co-lead of OpenAI's superalignment group, announced his resignation on Tuesday. Leike's exit follows the departure of Ilya Sutskever, OpenAI cofounder and chief scientist. Leike co-led OpenAi's superalignment group, a team that focuses on making its artificial intelligence systems align with human interests. Leike announced his departure hours after Ilya Sutskever, the other superalignment leader, said he was exiting. In a post on X, OpenAI cofounder Sam Altman said, "Ilya and OpenAI are going to part ways.

Persons: Jan Leike, OpenAI's, Ilya Sutskever, —, shakeup, Leike, OpenAi's, OpenAI, Sutskever, Sutskever's, Sam Altman, Ilya, Altman, Diane Yoon, Chris Clark, Yoon, Clark, Leopold Aschenbrenner, Pavel Izmailov, Daniel Kokotajlo, William Saunders Organizations: Service, Business Locations: OpenAI

☆ Amazon's cloud CEO departs with dour views on his tenure, amid growing competition and AI woes
▼ + stars: | 2024-05-14 | by ( Ashley Stewart | Eugene Kim | ) www.businessinsider.com time to read: +5 min

Selipsky's three years as AWS CEO were marked by mixed results. AdvertisementHe steered through some of the cloud business' slowest growth rates, largest layoffs, and biggest challenges in the artificial intelligence space. AdvertisementAmazon's generative AI service Bedrock was delayed after originally being scheduled to launch in the fall of 2022, the person said. Garman was once considered a frontrunner to replace former AWS CEO Andy Jassy in 2021 when Jassy took over as Amazon's CEO. Some insiders referred to Selipsky as "just a sales guy" and "uninspiring," as the cloud leader faced unprecedented competition in generative AI.

Persons: —, Adam, Selipsky, shakeup, Patrick Neighorn, Matt Garman, Garman, Andy Jassy, Jassy, Amazon, Ashley Stewart Organizations: Service, Web Services, Business, AWS, Amazon, BI, Rivals Microsoft, Google

☆ It's no surprise to see Amazon shares lower after cloud CEO shakeup
▼ + stars: | 2024-05-14 | by ( Morgan Chittum | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. However, Jim Cramer argued that a negative revision to the March PPI offset the price pressures in Tuesday's print. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Jim, It's, Adam Selipsky, Selipsky, Matt Garman, Jim Cramer's Organizations: CNBC, Federal Reserve, GameStop, Bank of America, Amazon, Amazon Web Services, Club

☆ Andrey Belousov: Shifting his fishing buddy sideways, Putin chooses an economy expert for the war in Ukraine. Here’s why
▼ + stars: | 2024-05-13 | by ( Nathan Hodge | ) edition.cnn.com time to read: +6 min

Alexandra Prokopenko, a former adviser at Russia’s Central Bank, put the shakeup down to the growing interrelationship between the war and Russia’s economy. “Putin’s priority is war; war of attrition is won by economics,” Prokopenko wrote in a thread on X. Russia's President Vladimir Putin, center-right, with Sergei Shoigu, at Red Square for the Victory Day military parade in central Moscow on May 9, 2024. Putin has shifted Shoigu sideways to a post as the secretary of Russia’s Security Council, meaning that Shoigu is not completely out of the picture. Discussing Shoigu’s new appointment, Kremlin spokesperson Dmitry Peskov said the former defense minister would remain immersed in matters of military production.

Persons: Vladimir Putin’s, shakeup, Andrey Belousov, Sergei Shoigu, Alexandra Prokopenko, ” Prokopenko, Belousov, Vladimir Putin, Natalia Kolesnikova, Prokopenko, Pyotr Stolypin, Putin, Shoigu’s, Dmitry Peskov, Peskov, ” Peskov, General Valery Gerasimov, Nikolai Patrushev, Patrushev, Mikhail Mishustin, Dmitry Patrushev, “, ”, Tatiana Stanovaya Organizations: CNN, Kremlin, Russian Ministry of Defense, Russia’s Central Bank, Russia's, Victory Day, Getty, NATO, Putin, US Congress, Ministry of Defense, Security, Russia’s General Staff, subjugating, Security Council, Federal Security Service Locations: Ukraine, Russia, Moscow, AFP, Europe, Kyiv, Shoigu, Russian, Japan, Soviet Union, subjugating Ukraine, Patrushev

☆ AB InBev is making another push into Hollywood-style entertainment with a new primary partner
▼ + stars: | 2024-05-03 | by ( Lucia Moses | ) www.businessinsider.com time to read: +1 min

AB InBev is pushing into filmed entertainment again. It's leaning on Superconnector Studios to pitch its brands to Hollywood. AdvertisementAB InBev is renewing its filmed entertainment efforts with a new primary partner after shaking up its studio arm, the company confirmed to Business Insider. The beer giant signed startup Superconnector Studios to pitch TV shows and movies around its biggest brands like Bud Light and Stella Artois. This story is available exclusively to Business Insider subscribers.

Persons: —, Bud Light, Stella Artois, Jae Goodman, John Kaplan Organizations: InBev, Studios, Hollywood, Service, Business

☆ We're entering advertising's new era
▼ + stars: | 2024-05-02 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, we're looking at the biggest topic at this year's TV upfronts , and how it's a sign of advertising's new era. What's on deck:Markets: Morgan Stanley's new wealth boss outlines the bank's playbook for hitting $10 trillion in client assets. Andy Kiersz/Business InsiderYou might be wondering what retail data has to do with television advertising.

Persons: —, Morgan, Don Draper's, Burton, Jenny Chang, Rodriguez, Business Insider's Lara O'Reilly, Lucia Moses, Andy Kiersz, Andy Jassy, hasn't, Finn, Morgan Stanley, Michael M, Tyler Le, Jed Finn, Andy Saperstein, there's, Joseph Stiglitz, Jerome Powell, Justin Sullivan, Wells Fargo, Kevin Scott, Satya Nadella, Bill Gates, Pablo Declan, Shari Redstone's, tanked, BI's Peter Kafka, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, Tech, Wall, Getty, Google, Amazon, Disney, Kroger, Walmart, Big Tech, US Department of Labor, Apple, Department, Paramount, Trump Media Locations: China, OpenAI, New York, London

☆ Paramount letting its CEO go and splitting the role is not a good strategy, says Ariel's Bobrinskoy
▼ + stars: | 2024-04-29 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailParamount letting its CEO go and splitting the role is not a good strategy, says Ariel's BobrinskoyCharlie Bobrinskoy, Ariel Investments vice chairman, joins 'Closing Bell Overtime' to talk the recent executive shakeup at Paramount and quarterly results.

Persons: Ariel's, Charlie Bobrinskoy, Ariel, shakeup Organizations: Paramount

☆ Paramount Global CEO Bob Bakish stepping down
▼ + stars: | 2024-04-29 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailParamount Global CEO Bob Bakish stepping downCNBC's Julia Boorstin joins 'Closing Bell Overtime' with the latest on the Paramount executive shakeup.

Persons: Bob Bakish, Julia Boorstin, shakeup Organizations: Paramount

☆ Pittsburgh Pirates, Penguins launch streaming service for local games
▼ + stars: | 2024-04-29 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +1 min

SportsNet Pittsburgh on Monday unveiled SNP 360, which will cost fans in its local market $17.99 a month to watch Pirates and Penguins games outside of the pay-TV bundle. It also follows a shakeup at SportsNet Pittsburgh last year. The network is now owned by the Pirates and Penguins. Fenway Sports Group and Delaware North, also the parent company of the Boston Bruins, own the regional sports network NESN, which manages SportsNet Pittsburgh. "Our desire has been to reach fans wherever they are and give them options to access our clubs' telecasts," said NESN and SportsNet Pittsburgh CEO Sean McGrail.

Persons: —, Sean McGrail Organizations: MLB, NHL, Pittsburgh, Monday, Pirates, Penguins, SportsNet Pittsburgh, Warner Bros, Discovery, Warner Media, Fenway Sports Group, Boston Red Sox, Delaware, Boston Bruins, SportsNet Locations: SportsNet Pittsburgh

☆ Amazon aggregator Thrasio loses CEO, other top execs as company works through bankruptcy
▼ + stars: | 2024-04-24 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +4 min

Katie SchoolovThrasio, the top aggregator of Amazon third-party sellers, is losing its CEO and five other senior executives, months after the former highflier filed for bankruptcy. Greg Greeley, Thrasio's CEO, informed staff on Tuesday that he plans to resign, according to an internal memo viewed by CNBC. Thrasio filed for bankruptcy in February and said it had agreed with lenders to restructure some of its debt load. Alongside the C-suite shakeup, Thrasio is also laying off "employees at every level," according to the memo. They're also inquiring about officers and directors involved in over $300 million in company stock sales "that has given rise to allegations of fraud."

Persons: Prosper, Katie Schoolov Thrasio, Greg Greeley, Josh Burke, Stephanie Fox, Greeley, Thrasio, Goldman Sachs, JPMorgan Chase, They're, Josh Silberstein Organizations: Amazon, CNBC, Finance, BlackRock, JPMorgan, CNBC's, U.S . Customs, Border Protection, GXO Logistics, Walmart Locations: Las Vegas , Nevada, U.S

☆ Travel news: ‘World’s largest wildlife crossing’ being built in Los Angeles
▼ + stars: | 2024-04-20 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +4 min

CNN —In travel news this week: the world’s best and busiest airports, the European capital banning new hotels, the Hawaiian attraction being removed because of bad tourist behavior, plus the real-life animal crossing being built over a California freeway. Snakes will, however, be very welcome on “the world’s largest wildlife crossing,” under construction over the major 101 Freeway in Los Angeles. The Wallis Annenberg overpass will span 10 lanes and provide safe passage for mountain lions, coyotes, bobcats, toads and even ants. World’s best and busiest airportsThe world’s busiest airports were revealed in an annual ranking released Monday, with Atlanta’s Hartsfield-Jackson International holding strong in the No. US National Park Week starts April 20, kicking off with a free entry day on Saturday to all NPS sites.

Persons: Wallis, It’s, Alyssa Kopp, Mary Gomes Kopp, Doha’s, Florence’s, it’s, America’s Organizations: CNN, Aegean Airlines, Atlanta’s Hartsfield, Jackson International, UAE, Qatar, Doha’s Hamad international Airport Locations: California, Tokyo, Osaka, Los Angeles, Crete, Europe, Dubai, Amsterdam, Netherlands, Canary, Spanish, Africa, Italy, Ponte, Lake Mead, Hawaii

☆ Trump's hush-money trial is set to heat up
▼ + stars: | 2024-04-19 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's newsletter, we're looking at the first week of former President Donald Trump's criminal trial and what's at stake. What's on deck:This story is available exclusively to Business Insider subscribers. AdvertisementFormer President Donald Trump's hush-money trial — the first-ever criminal trial of a former president — got underway this week with jury selection . We did get a preview of Trump's potential defense: " Some accountant " handled the paperwork he's on trial for, Trump told reporters. AdvertisementThe trial is focused on 34 felonies alleging the Trump Organization's business records were falsified to hide other crimes.

Persons: —, Donald Trump's, CHARLY TRIBALLEAU, Drew Angerer, Tyler Le, Trump, Stormy Daniels, Daniels, Zelei, Loretta Mester, John Williams, Rebecca Zisser, David Lieb, Sundar Pichai, Demis, Google's, BI's Ben Bergman, Eddie Mulholland, Alyssa Powell, Samsung execs, Taylor Swift's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Getty, Trump, Cleveland Fed, York Fed, …, Bank of America, Google, Android, Bankers, Jefferies, Investor Conference, Samsung, Korea Economic, Disney, Warner Bros, American Express, Procter, Gamble, Poets Department Locations: Israeli, Iran, Israel, Florida, Korea, New York, London

☆ Alaska Airlines 2024 forecast tops estimates after loss from Boeing Max grounding
▼ + stars: | 2024-04-18 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

Alaska received $162 million from Boeing for the Jan. 5 accident, which caused the Federal Aviation Administration to briefly ground the planes. The accident has added additional regulator scrutiny on Boeing and slowed its deliveries of new Max planes, of which Alaska is a major customer. "Alaska [Airlines] needs Boeing, our industry needs Boeing and our country needs Boeing to be a leader in airplane manufacturing," he said. Alaska forecast adjusted earnings per share of between $2.20 and $2.40, above the $2.12 analysts polled by LSEG expected. Adjusting for one-time items, Alaska posted a net loss of 62 cents a share in the second quarter, less than the $1.05 per-share loss analysts were expecting, according to LSEG.

Persons: Ben Minicucci, Minicucci, CNBC's, Dave Calhoun, LSEG Organizations: Alaska Airlines, Boeing, Federal Aviation Administration, Airlines, Airline Locations: Alaska, Seattle, Delta

☆ Google just made a huge company shakeup. Here's who's gaining power.
▼ + stars: | 2024-04-18 | by ( Hugh Langley | ) www.businessinsider.com time to read: +1 min

Google is merging more parts of the company in an effort to move faster in AI. Google's DeepMind chief has gained more power, while the head of Pixel will also oversee Android. The changes put more firepower behind some key Google products, and could help it launch faster. CEO Sundar Pichai announced a series of re-orgs in a memo to staff on Thursday, and — surprise, surprise — Google says it's all happening because of artificial intelligence. Pichai said the changes, which include merging different parts of the company, would help Google "simplify decisions" and move faster.

Persons: Google's, —, Sundar Pichai, Pichai Organizations: Google, Service, Research, Business

Barclays cut its price target on Tesla. Turrin's $480 price target suggests Microsoft shares, which are up more than 10% this year, could add another 15.8% over the next 12 months. Nardone kept his $150 price target, which implies Crocs shares could gain 24.3% over the next 12 months. Tesla shares, which have lost more than 36% this year, traded 1.3% higher in premarket trading. Redburn Atlantic also cut its price target to $130 from $150, reiterating its sell rating on the stock.

Persons: Raymond James, Wells, Michael Turrin, Turrin, — Pia Singh, Crocs, Christopher Nardone, Terence Reilly, Nardone, Stanley, Ben Chaiken, Chaiken, Jefferies, Corey Tarlowe, Tarlowe, Tesla's, Dan Levy, Levy, Tesla, Pavel Molchanov, Vernova, Molchanov, Fred Imbert Organizations: CNBC, Wednesday's, Barclays, GE, Microsoft, Bank of America Bank of America, Royal, Mizuho Securities Mizuho, Royal Beach Club, Urban, Jefferies, Urban Outfitters, Abercrombie, General Electric, GE Vernova Locations: Wells Fargo, Heydude, Royal Caribbean, Tuesday's

Still, sources believe Emmer is working to improve his stock inside both the House GOP and MAGA world, and keeping his options open for the future. Others who could be waiting in the wings: House Majority Leader Steve Scalise, who also previously ran for speaker, and House GOP Conference Chair Elise Stefanik, a top Trump ally. During the press conference, Johnson got some key backup from the former president. And a large swath of the House GOP conference agrees. Louisiana GOP Rep. Garret Graves warned against the idea of ousting Johnson without another speaker candidate waiting in the wings.

Persons: Mike Johnson’s, Tom Emmer, Emmer, Donald Trump –, Trump, “ Tom, …, Dan Meuser, ”, Meuser, “, Neither, MAGA, Jim Jordan, Jordan, Johnson, Steve Scalise, Elise Stefanik, Kevin McCarthy, Thomas Massie of, Marjorie Taylor Greene, “ He’s, ” Greene, Greene, Emmer’s speakership, Johnson trekked, Marc Molinaro, Garret Graves, There’s, ” Graves, ” Jordan, ” Morgan Rimmer, Haley Talbot Organizations: CNN, GOP, Republican, Louisiana Republican, House Republicans, Minnesota Republican, Caucus, ”, Trump, House GOP, Ohio Republican, GOP Rep, Thomas Massie of Kentucky, Republicans, “, “ Republican, Mar, Lago, New, New York Republican, Louisiana GOP Rep Locations: Pennsylvania, Ohio, Georgia, –, Iowa, Minnesota, Louisiana, New York

☆ Boeing spent $500,000 more than it previously disclosed on personal private jet trips for top executives
▼ + stars: | 2024-04-11 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

The air travel is part of what are known as perquisites, or perks granted the executives, which also include ground transportation, lodging and meals during personal travel. The upward adjustment means that Boeing spent at least $734,000 in 2022 and $306,000 in 2021 on these executives’ personal air travel, according to figures provided. And 2023 personal air travel costs for the four came to $872,000. That review resulted in a newly reported cost of personal travel that was $546,000 more in 2022 and 2021 than previously disclosed. Boeing did not have any comment on the costs of the executives’ personal air travel beyond the information in the filing.

Persons: Dave Calhoun, Calhoun, Brian West, Stan Deal, Theodore Colbert, Max, ousters Organizations: New, New York CNN, Boeing, Colbert, Securities and Exchange Commission, Max, Alaska Airlines, Deal, Airplanes Locations: New York, Alexandria , Virginia

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