About This Source - CNBC Television
CNBC is an American pay television business news channel, which primarily carries business day coverage of U.S. and international financial markets. Following the end of the business day and on non-trading days, CNBC primarily carries financial and business-themed documentaries and reality shows.
As of February 2015, CNBC is available to approximately 93,623,000 pay television households (80.4% of households with television) in the United States.
Recent from CNBC Television:
CNBC Television published this video item, entitled “Boeing extends CEO Dave Calhoun’s mandatory retirement age to 70” – below is their description.
Boeing on Tuesday said it is raising the mandatory retirement age of its 64-year-old CEO from 65 to 70 as the company continues to face challenges from the coronavirus pandemic, production issues and the aftermath of two crashes of its best-selling plane. CNBC’s Jim Cramer, Carl Quintanilla and David Faber discuss. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi
Boeing on Tuesday said it is raising the mandatory retirement age of 64-year-old CEO Dave Calhoun from 65 to 70 as the company continues face challenges from the coronavirus pandemic, production issues and the aftermath of two crashes of its bestselling plane.
Boeing’s CFO, Greg Smith, will retire in July, the manufacturer said. The company said it is conducting a search for his successor.
Calhoun, who joined Boeing’s board in 2009, became CEO in January 2020 following a three-month stint as chairman. At the time, the company was reeling from the financial and reputational fallout from two crashes of its 737 Max planes within five months of one another. The board ousted the previous CEO over his handling of the crisis.
Boeing’s board faces a reelection vote at an annual meeting as production and financial problems continue.
The pandemic began shortly after Calhoun took the top job, hurting demand for air travel and new planes. Boeing’s losses ballooned to $11.9 billion last year from $636 million in 2019.
But since regulators began clearing the Max for commercial service again in November, sales have started to recover. Boeing has scored new Max orders from big customers like United Airlines and Southwest Airlines this year.
Chairman Larry Kellner said the board’s decision was based on “the substantial progress Boeing has made under Dave’s leadership, as well as the continuity necessary to thrive in our long-cycle industry.”
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast
Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
#CNBCTVCNBC Television YouTube Channel
Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.
In This Story: Boeing
The Boeing Company (LON: BOE) is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide. The company also provides leasing and product support services.
3 Recent Items: Boeing
In This Story: COVID-19
Covid-19 is the official WHO name given to the novel coronavirus which broke out in late 2019 and began to spread in the early months of 2020.
Symptoms of coronavirus
The main symptoms of coronavirus are:
- a persistent new cough (non productive, dry)
- a high temperature (e.g. head feels warm to the touch)
- shortness of breath (if this is abnormal for the individual, or increased)
Latest News about Covid-19
Below are stories from around the globe related to the 2020 outbreak of novel Coronavirus – since the WHO gave the Covid-19 naming. Most recent items are posted nearest the top.