Boeing and Seaboard Foods Announce CEO Leadership Changes
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Boeing, the aerospace giant, has announced significant leadership changes, including the planned departure of CEO David L. Calhoun by the end of 2024. Lawrence W. Kellner, the independent Chair of the Board, will not seek re-election at the 2024 Annual Meeting of Shareholders. Steven M. Mollenkopf has been appointed as the new independent Chair of the Board, effective immediately. Stephanie F. Pope has been elected as the new President and CEO of Boeing Commercial Airplanes, following the departure of Stanley A. Deal. The reasons behind Calhoun's decision to step down and Kellner's choice not to stand for re-election have not been disclosed. These changes come as Boeing faces challenges in the aerospace industry.
Seaboard Foods, a significant player in the pork industry, has also announce...
#newstr #Boeing #SeaboardFoods #Ceo #LeadershipChanges
US Steel Industry Faces Challenges in Trade Dispute with Mexico
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The negotiations between the United States and the European Union regarding steel talks have reached a stalemate . Both sides have been unable to reach an agreement, which has significant implications for the global supply chain and trade relations between the two economic powers . The latest update on the supply chain issue highlights the key points of contention and the potential impact on industries that rely on steel imports .
The European Commission's goal is to bring a definitive end to US import tariffs on steel and aluminium by the end of the year . However, negotiations at a summit in October failed to produce an agreement on measures to address overcapacity in non-market economies, such as China, and promote greener steel . Despite the stalemate, the United States has indicated ...
#newstr #Usmexico #SteelTradeDispute #UsSteelIndustry #Tariffs #Mexico
Stocks End Lower as Hawkish Fed Comments Push Bond Yields Higher
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Wall Street posted small gains in early trading on Friday as markets tried to close out another up-and-down week on the positive side. Futures for the S&P 500 and the Dow Jones Industrial Average each rose less than 0.2% before the bell. Markets have bounced around between small gains and losses this week on a series of mixed economic data. One report showed inflation was a touch hotter at the wholesale level last month than economists expected. Other reports released Thursday also showed some softening in the economy, which kept alive hopes that the long-term trend for inflation remains downward and that the Fed will cut rates three times this year, starting in June. In off-hours equity trading, software maker Adobe tumbled 11.2% after it gave tepid guidance even though it beat Wall Stree...
#newstr #Stocks #HawkishFedComments #BondYields #TnoteYields #InterestRates #RateCut #TaketwoInteractiveSoftware #GrandTheftAutoVi #UnitedAirlinesHoldings #FederalAviationAdministration #Sanctions #Intel #AdvancedMicroDevices #China #SuperMicroComputer #MicronTechnology #WaltDisney
Biden Administration Allocates Billions in Funding to Manufacturing Giants for Green Initiatives, O-I Glass Secures $125M in Clean Energy Funding, Heidelberg Materials' Cement Plant Receives $500M for Carbon Capture
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The Biden administration is taking significant steps to support the reduction of carbon emissions in the manufacturing sector. The U.S. Department of Energy (DOE) has announced that it will provide up to $6 billion in funding to 33 projects across 20 states . These projects aim to promote sustainable practices and decarbonization in various industries.
One of the recipients of this funding is the Dow Chemical Company, which will receive up to $95 million to construct a facility dedicated to producing components for electric vehicle batteries using captured carbon. This initiative will contribute to the advancement of green technologies in the automotive industry .
Another major steel producer, SSAB, has been granted up to $500 million to support its green hydrogen-based steel production....
#newstr #BidenAdministration #CarbonEmissions #ManufacturingSector #CleanEnergyFunding #OiGlass #HeidelbergMaterials #CementPlant #CarbonCapture #CarbonStorage #Decarbonization
Orion Group Holdings Announces Retirement of Richard L. Daerr from Board of Directors
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Orion Group Holdings, a company operating in the infrastructure, industrial, and building sectors, has announced that Richard L. Daerr, Jr. will retire from the Board of Directors at the upcoming Annual General Meeting of Stockholders on May 16, 2024 . Following Daerr's retirement, the Board will reduce its size from eight to seven directors, with six of them remaining independent . Orion Group Holdings provides marine construction and dredging services, as well as turnkey concrete construction services. The company operates in various regions, including the continental United States, Alaska, Hawaii, Canada, and the Caribbean Basin ....
#newstr #OrionGroupHoldings #RichardLDaerr #BoardOfDirectors #AnnualGeneralMeeting #Retirement
Egyptian Prime Minister and US Congress Delegation Discuss Strategic Partnership
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President Abdel Fattah El-Sisi received a bipartisan Congressional Delegation led by Senator Joni Ernst on January 3, 2024. The meeting emphasized the strategic partnership and close relations between Egypt and the U.S. The delegation commended Egypt's role and efforts in the region, and there was a discussion on regional developments, particularly in the Gaza Strip. President El-Sisi stressed the need for a just and comprehensive settlement to the Palestinian issue and Egypt's rejection of forced displacement of Palestinians. The delegation expressed commitment to advancing areas of joint cooperation.
Egyptian Prime Minister Mostafa Madbouly met with a bipartisan delegation from the US House of Representatives’ Ways and Means Committee. The meeting underscored the importance of the strat...
#newstr #Egypt #UsCongress #StrategicPartnership #EconomicCooperation #RegionalPeace #Security #Covid19 #Ukraine #Gaza #StructuralReforms #GreenEnergy #FoodSecurity
Biden Administration Joins Antitrust Efforts Against Apple and Big Grocers
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Apple is facing consumer lawsuits in California and New Jersey, accusing the company of monopolistic practices that inflate the price of its products. These lawsuits echo the U.S. Justice Department's antitrust case against Apple and allege that the company has breached U.S. antitrust laws by stifling technological advancements. The lawsuits aim to represent millions of consumers and could lead to significant settlements. Apple is already contending with private lawsuits accusing it of anti-competitive practices. The outcomes of these consumer lawsuits and the government's case could have a dramatic impact on Apple's dominance in the smartphone market and may result in changes to the App Store and other services.
The U.S. Department of Justice has filed a lawsuit against Apple, accusing t...
#newstr #Apple #Antitrust #BidenAdministration #BigGrocers #MonopolyPower #LinaKhan #JonathanKanter #FederalTradeCommission
The Ongoing Border Crisis and Its Economic Impact
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President Joe Biden is seeking additional funding for Ukraine and is using the inclusion of billions of dollars for border security as a way to gain support from Republicans who have been resistant to financing the war effort in Ukraine . The funding request, which is part of a $106 billion spending package, includes $14 billion for border security. However, it is uncertain whether this proposal will satisfy those who oppose the funding. The U.S.-Mexico border has become a contentious issue, with a growing number of migrants attempting illegal crossings. The Biden administration has implemented policies to deter migrants from making the dangerous journey while also creating new legal immigration pathways. The funding request aims to address both border security and the increasing number of...
#newstr #BorderSecurity #Immigration #JoeBiden #DonaldTrump
Towns Prepare for Economic Boost from April's Total Solar Eclipse
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Communities in the path of totality of April's total solar eclipse are preparing for an economic boost. The eclipse, which will occur on April 8, is generating excitement and towns in its path could see increased tourism and spending. While the article does not provide specific names, numbers, or dates related to the economic boost or the towns involved, it highlights the potential impact of the eclipse on local economies. The eclipse presents a unique opportunity for these communities to attract visitors and showcase their attractions and amenities. With increased tourism and spending, businesses in these towns are hopeful for a positive economic impact.
In addition to the economic benefits, the article also mentions the Nationwide Eclipse Ballooning Project, backed by NASA, where hundre...
#newstr #TotalSolarEclipse #EconomicBoost #Tourism #Spending #NationwideEclipseBallooningProject #AtmosphericMeasurements
Geomagnetic Storm Expected to Disrupt Communications and Illuminate Skies
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In recent days, there have been several awe-inspiring celestial events that have captured the attention of scientists, residents, and amateur astronomers alike. The first event occurred in Doreen, a suburb of Melbourne, where residents reported hearing an explosion and seeing a bright flash of light . Scientists believe that this phenomenon was caused by a piece of rock entering the Earth's atmosphere at high speed and breaking up into smaller pieces, creating a sonic boom upon impact. If any fragments of the asteroid landed near Doreen, they would likely be the size of a golf ball.
The second event was a solar storm that struck Earth on October 20, as revealed by NASA . This solar storm, triggered by coronal mass ejections (CME), was more massive than expected. The impact of the storm wa...
#newstr #GeomagneticStorm #SolarFlare #RadioCommunications #Aurora #SpaceWeather
NASA Astronaut Reflects on Losing $100,000 Bag in Space During Crew-7 Mission on ISS
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NASA astronaut Jasmin Moghbeli, who recently returned to Earth after a six-month stay on the International Space Station (ISS) as part of the Crew-7 mission, has opened up about the experience of losing a $100,000 tool bag during a spacewalk. Moghbeli, along with European Space Agency (ESA) astronaut Andreas Mogensen and Japan Aerospace Exploration Agency (JAXA) astronaut Satoshi Furukawa, encountered various surprises and challenges during their mission. One of the unexpected events was the delay of a resupply mission, which affected their work on the ISS. Upon returning to Earth, the crew also faced difficulties readjusting to life back on the planet due to the slow adaptation to gravity. Moghbeli described the moment she realized the bag was missing and the impact it had on her. Despite...
#newstr #Nasa #Astronaut #Space #ToolBag #Spacewalk #Iss #CrewDragon
Russian Soyuz Spacecraft Successfully Docks at the International Space Station with Multinational Crew
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The Soyuz MS-25 spacecraft, carrying NASA astronaut Tracy Dyson, Roscosmos cosmonaut Oleg Novitskiy, and Marina Vasilevskaya of Belarus, successfully docked with the International Space Station (ISS) on Monday. The docking took place exactly two days after the spacecraft's launch from the Baikonur Cosmodrome in Kazakhstan. The Soyuz MS-25/71S made contact with the ISS and latched on seamlessly to its dedicated berthing port. This successful docking is a remarkable achievement that highlights the ongoing international collaboration in space exploration and the advancements in the industry.
The Soyuz program, which has been in operation since the 1960s, has proven to be a dependable workhorse for delivering astronauts to the ISS. This recent mission is particularly notable for its multinati...
#newstr #RussianSoyuz #InternationalSpaceStation #Nasa #SpaceMissions #Cooperation #RocketLaunch #Iran #Japan #India
Former NASA Johnson Director George W. S. Abbey Passes Away at 91
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George W. S. Abbey, former director of NASA's Johnson Space Center, passed away at the age of 91. Abbey played a crucial role in the development and launch of the International Space Station and oversaw the selection of NASA's first space shuttle astronauts. During his tenure, the space shuttle completed over 25 successful missions, and the joint U.S. and Russian Shuttle-Mir Program was successfully executed. In honor of his contributions, NASA named the Saturn V rocket display park outside Johnson's main gate after Abbey in December 2021. He is survived by his five children, eight grandchildren, three great-grandchildren, nieces, and nephews .
This news of George W. S. Abbey's passing reminds us of his significant contributions to the space industry and his leadership at NASA's Johnson S...
#newstr #Nasa #GeorgeWSAbbey #JohnsonSpaceCenter #SpaceExploration #InternationalSpaceStation
Top Stories on HERE.news in this hour...https://imagedelivery.net/665GHToRzycMVwZ9VsJNfA/baab456e-f84e-4935-06cf-eb7354e17700/screenshot
Unusual Times Require Unusual Responses: NECA Boss on Nigeria's Economy
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The Director General of Nigeria Employers’ Consultative Association (NECA), Mr. Adewale-Smatt Oyerinde, discusses the economic reforms of President Bola Tinubu’s administration and the ongoing negotiation of a new national minimum wage. He highlights the removal of fuel subsidy as a key reform and acknowledges the pain it has caused to citizens. Oyerinde emphasizes the need to approach the minimum wage negotiation with consideration for economic and business sustainability, taking into account factors such as interest rates, inflation, and productivity. He also addresses concerns about job losses, stating that unusual times require creative responses and urging all parties to find solutions. Oyerinde mentions a recent meeting with the Minister of Finance to discuss issues such as forex sca...
#newstr #Nigeria #Economy #Reforms #MinimumWage #Neca
Average US Mortgage Balance Increases as Homeowners' Credit Scores Outpace Overall Average
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Consumer credit scores in the US have experienced a decline for the first time in 10 years, according to a report by ABC Columbia . The national average credit score dropped from 718 in July to 717 in October . This one-point decrease is attributed to missed payments and higher debt levels, indicating economic stress for some US households . Over 18% of the population were late on payments on one or more credit accounts for 30 days or more in the last year . Additionally, consumer debt is higher than it was prior to the COVID-19 pandemic, with credit card balances surpassing $1 trillion . New credit activity is also slowing down .
This new information from ABC Columbia and Yahoo Finance adds a different perspective to the previous reports. While the Experian report indicated that avera...
#newstr #UsCreditScores #ConsumerDebt #MortgageBalance #FinancialStrain
Cosmo Jarvis's Stellar Performance in 'Shōgun' Propels Him to Stardom and James Bond Contention
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The highly anticipated television show 'Shōgun' has garnered widespread acclaim for its meticulous attention to detail and cultural authenticity, transporting viewers to a captivating rendition of 17th-century feudal Japan . Showrunners Justin Marks and Rachel Kondo played a crucial role in bringing the show to life, and their dedication to authenticity extended to every aspect of the production, including crafting the perfect subtitles .
In 1980, James Clavell's novel 'Shogun' was turned into a TV miniseries, becoming one of the most viewed miniseries at the time. The series has now been remade as FX's 'Shogun', a 10-episode production that is garnering rave reviews . The original series reflected America's fascination with Japan during its economic miracle, while the new series showcas...
#newstr #Shōgun #CosmoJarvis #JamesBond #TomHardy #Miniseries #Acting #JapaneseHistory
Actress Dayo Amusa Criticizes Award Given to Bobrisky at Movie Premiere
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Victor Osuagwu, a veteran Nollywood star and former Chairman of the Actors Guild of Nigeria, Lagos chapter, shares his rise to fame in the Nigerian film industry. He was born in Imo State and grew up in Rivers State. He studied Theatre Arts at the University of Port Harcourt. Osuagwu got involved in filmmaking during a strike in his final year of school and landed roles in movies like 'Evil Passion 2' and 'Rattlesnake'. He gained fame through movies like 'Our Daily Bread' and 'One Dollar'. Osuagwu is known for his comic roles and believes that producers and directors see him as a very comic character. He served as the chairman of the Lagos branch of the Actors Guild of Nigeria to be seen as a serious person. In his tenure, he worked to bring peace among warring factions and established pro...
#newstr #DayoAmusa #Bobrisky #MoviePremiere #Crossdresser #Award
Nelson Peltz Criticizes Disney's Woke Approach and Marvel Movies in Proxy Battle
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Jamie Dimon, CEO of JPMorgan Chase, has expressed his support for Disney CEO Bob Iger in the ongoing proxy fight with activist investor Trian Fund Management . Dimon called Iger a 'first-class executive and outstanding leader' and stated that unnecessary board changes can harm a company . Trian has argued that Disney has experienced chronic underperformance and has blamed the board for strategy oversight failures . Trian has nominated Nelson Peltz and former Disney CFO James Rasulo to Disney's board .
Renowned filmmaker George Lucas has also voiced his support for Disney's CEO Bob Iger in the company's proxy battle with activist investor Nelson Peltz and hedge fund Blackwells Capital . Lucas, a major individual shareholder of Disney, expressed his trust in Iger's leadership and Disney's l...
#newstr #Disney #BobIger #GeorgeLucas #NelsonPeltz #JamieDimon #TrianFundManagement #JamesRasulo #BlackwellsCapital #GlassLewis #KevinFeige #MarvelMovies
Anne Hathaway's Gratitude Towards Christopher Nolan for Supporting Her After 2013 Oscars Win
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The impact of The Dark Knight's Oscar snub was felt for years to come. In 2023, renowned filmmaker Steven Spielberg mentioned The Dark Knight as a film that should have been nominated for Best Picture. This acknowledgment from Spielberg, along with the ongoing discussions and debates surrounding the film's exclusion, further highlighted the significance of The Dark Knight's impact on the Academy Awards.
Film editors play a vital role in giving life to a movie and its Oscar chances. Kevin Tent, nominated for an Academy Award for his work on 'The Holdovers,' compares his work as an editor to that of a chef making a special dish. Best picture and best editing awards often go hand-in-hand. Editing is considered the essence of film, even more so than the screenplay or cinematography. Directors...
#newstr #TheDarkKnight #Oscars #ChristopherNolan #AnneHathaway #Support #Acting