(Reuters) -Activist investor Mantle Ridge has built a stake worth more than $1 billion in consultancy firm Cognizant (NASDAQ:CTSH) Technology, saying its shares are undervalued, the Wall Street Journal reported on Friday.Shares of the company, whose market capitalization stands at more than $41 billion, rose over 5% in extended trading.Mantle Ridge started buying up shares of the company in the se ...
SEATTLE (Reuters) - Annual bonuses for more than 100,000 Boeing (NYSE:BA) employees this year will be tied to company-wide performance, rather than by business unit, as in previous years. Eighty percent of the bonuses are tied to Boeing’s financial performance, with the remaining 20% tied to progress on improving safety and quality, and program execution, according to the 2025 proxy statement fi ...
By David ShepardsonWASHINGTON (Reuters) -The Federal Aviation Administration said Friday it taking steps to address safety issues involving general aviation and business jets after a serious Feb. 25 near-miss incident in Chicago.The FAA said it will initiate safety-risk analysis of close encounters between pilots flying visually and pilots flying under air traffic control after holding a meeting T ...
By David ShepardsonWASHINGTON (Reuters) - The top Senate Democrat on the committee overseeing aviation challenged the Pentagon on Friday to justify not using a key safety system on routine military helicopter flights in the U.S. capital region following a deadly accident.A U.S. Army helicopter that collided with an American Airlines (NASDAQ:AAL) regional jet in January near Washington’s Reagan A ...