Boeing is making a big loss

Boeing is making a big loss

New York CNN — Boeing reported a $650 million operating loss in the fourth quarter, surprising Wall Street analysts who had expected the aircraft giant to turn a profit. The company blames the unexpected loss on “abnormal production costs” as it both tried to meet the remaining backlog of 737 Max jets and ramped up … Read more

Netflix founder Reed Hastings steps down as co-CEO

Netflix founder Reed Hastings steps down as co-CEO

New York CNN — Netflix announced Thursday that founder Reed Hastings is stepping down as co-CEO of the company and will serve as executive chairman. Hastings will be replaced by co-CEOs Ted Sarandos and Greg Peters. “Our board has been discussing succession planning for many years (even founders need to evolve!),” Hastings wrote in a … Read more