Boeing will pay a $200m settlement over its 737 crashes

Published

1 year ago

September 23, 2022

William Howard

Boeing will pay a $200m settlement over accusations it misled investors about its controversial 737 Max aircraft

Boeing will pay a $200m settlement to investors after misleading them about its controversial 737 Max aircraft.

The settlement follows a wide sweeping investigation by America’s Securities and Exchange Commission.

The SEC was probing allegations of misleading statements made by Boeing’s former-Chief Executive about the troubled jets, which crashed in both Indonesia and Ethiopia.

This CEO led the company through both incidents, which took 346 lives.

The SEC investigated how Boeing communicated with investors about the crashes, as well as its response to the crisis.

The incidents wiped billions from the company’s market value.

In a seperate investigation, the U.S. Justice Department found a former Boeing pilot misled air-safety regulators about the aircraft’s flight-control system.

Boeing paid $2.5 billion following this probe, with most of the settlement provided to airline customers and families of the crash victims.

Diversifying and enhancing payment methods

Published

15 hours ago

December 8, 2023

ticker NEWS

American Express reveals Australian homeowner bill payment insights

In response to the growing trend of card and tap-and-go payments, organisations are adapting their systems to accommodate diverse payment options.

American Express recently conducted research shedding light on homeowner sentiments towards local councils, with a focus on Australian attitudes and behaviours related to bill payments.

Vice President and General Manager of Global merchant services at American Express, Robert Tedesco, provides his insights.

Leaders

Explosive growth and dominance of the audio industry

Published

20 hours ago

December 8, 2023

ticker NEWS

Global radio market hits staggering $143 billion valuation, cementing audio industry’s dominance

The audio industry continues to assert itself as a formidable force, with the 2023 global radio market reaching a substantial value of $143 billion.

The podcast market has surged to an impressive worth of $18.52 billion, showcasing a compound annual growth rate of 27.6%.

Tony Simmons, CEO and founder of Sonnant, discusses how the audio industry can be made even better.

Presented by VentureCrowd – To find out more about Conscious Investing, head to www.venturecrowd.com.au

Money

Nick Kyrgios shocks fans with surprise OnlyFans announcement

Published

22 hours ago

December 8, 2023

ticker NEWS

Tennis sensation Nick Kyrgios sent shockwaves through the sports and entertainment world today as he revealed a surprising career move.

The Australian athlete, known for his fiery on-court antics and charismatic personality, has announced his entry into the world of OnlyFans, a platform typically associated with adult content creators.

In an unexpected turn of events, Kyrgios took to social media to share the news with his followers. He stated, “I’ve always enjoyed pushing boundaries and breaking the mold. I’m excited to announce that I’ll be joining OnlyFans to share exclusive content and connect with my fans in a new way.”

The announcement has left fans and pundits alike wondering what kind of content Kyrgios will be sharing on the platform.

The decision has sparked a debate about the intersection of sports and social media, as well as the evolving landscape of content creation.

Some fans are eagerly anticipating behind-the-scenes glimpses of Kyrgios’s life, while others are questioning the potential impact on his professional tennis career.