Dennis Muilenburg, whose promotion yesterday put him in line to be Boeing Co.’s next chief executive officer, spent the last four years drafting strategy on the fly as U.S. budget cuts squeezed the $33 billion defense and space unit he headed.
BlackBerry Ltd.’s new chief executive officer, rejecting calls to exit the hardware business, gets a chance this week to convince investors he has the time and vision to revive a unit that’s dragging sales back down to 2007 levels.
U.S. stocks fell for third day, sending the Standard & Poor’s 500 Index to the lowest in a month, Treasuries declined and the dollar gained as growth in retail sales added to speculation the Federal Reserve will slow the pace of stimulus. Gold and silver tumbled.
American International Group Inc., which has been unable to complete the sale of its jet-leasing business to a group of Chinese bidders, is now in talks to sell that unit to AerCap Holdings NV, people with knowledge of the matter said.