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State Bond Commission votes Friday on millions for Sandy Hook memorial, West Hartford community center, Hartford streetscape improvements

State Bond Commission votes Friday on millions for Sandy Hook memorial, West Hartford community center, Hartford streetscape improvements
courant.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from courant.com Daily Mail and Mail on Sunday newspapers.

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Follow The Leader: When A CEO Resigns, The CFO Is Likely To Exit Within Two Years

Follow The Leader: When A CEO Resigns, The CFO Is Likely To Exit Within Two Years
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AFP via Getty Images
When Boeing CFO Greg Smith announced his retirement last month, the 54-year-old caught investors off guard, with shares falling 4% in response to the news. After guiding the aerospace company through some of the greatest challenges it’s faced in its more than 100-year history, among them the 737 Max crisis and Covid-19 pandemic, he’ll resign in July, just 18 months after former CEO Dennis Muilenburg stepped down.
Greg Smith
Photo courtesy of Boeing
But Smith’s exit shouldn’t have come as a surprise: When a chief executive departs, the head of finance often follows, and in close succession, says Phil Murphy, a consultant at Spencer Stuart, who leads the firm’s financial officer practice in North America. ....

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SPCE Stock Down 21% in Last Five Days, Further Losses for Virgin Galactic

SPCE Stock Down 21% in Last Five Days, Further Losses for Virgin Galactic
Mar 9 2021 · 11:06 UTC | Updated
Mar 9 2021 · 11:21
by Ibukun Ogundare · 3 min read
Photo: Virgin Galactic / Twitter
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Virgin Galactic stock is currently at $27.81 in the pre-market trading, increasing 4.82% over its previous close of $26.53.
American spaceflight company Virgin Galactic Holdings Inc (NYSE: SPCE) has lost more than 21% in its stock in the last five days. The spaceflight company has been declining since it delivered a non-profitable earnings result for the fourth quarter.
On the 25th of February, Virgin Galactic reported an adjusted EBITDA loss of $59.5 million. The decline is an addition to the loss of $66 million delivered in the previous quarter. In Q4, the company said it had $0 revenue, same with the prior quarter. The company’s chief financial officer Jon Campagna noted during the earnings call tha ....

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Whitesides steps down from Virgin Galactic as stock price crashes

Whitesides steps down from Virgin Galactic as stock price crashes
abqjournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from abqjournal.com Daily Mail and Mail on Sunday newspapers.

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Space flight engineering progress

Copyright © 2021 Albuquerque Journal
Virgin Galactic has postponed its next attempt to reach space from southern New Mexico until May to allow engineers to first fully correct technical problems that led to failure of the VSS Unity’s last attempted spaceflight in December.
After extensive analysis, the company found that electromagnetic interference caused the spaceship’s onboard computer to reboot during its flight in December, triggering a safety mechanism that immediately shut down the rocket motor and forced the ship’s two pilots to abort the mission and glide back to Earth.
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The company is now testing and installing new components to eliminate electromagnetic interference before attempting another rocket-powered flight from Spaceport America, which could take about two months, Virgin Galactic CEO Michael Colglazier said during a year-end earnings call with investors Thursday. ....

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