Business briefs for Dec. 1
Published 8:10 am Friday, November 29, 2024
New Boeing CEO
grounds company jets
For members of the Boeing Co.’s executive council, catching a ride on the company’s corporate jets has long been a cherished perk of the job. The 19 senior leaders have counted on the jets to help oversee the U.S. planemaker’s sprawling operation. Boeing requires its chief executive officer to avoid commercial flights for security reasons, even when on a personal trip. Then in mid-September, new CEO Kelly Ortberg grounded much of the corporate fleet in an early cost-cutting move. Executives were instead told to fly economy on scheduled airline flights.
Canada sues Google
over online ads
Canada’s antitrust watchdog is suing Google over alleged anticompetitive conduct in the tech giant’s online advertising business and wants the company to sell off two of its services and pay a penalty. The Competition Bureau says that such action is necessary because an investigation it conducted into Google found that the company “unlawfully” tied together its ad tech tools to maintain its market dominance. The matter is headed for the Competition Tribunal, a quasi-judicial body that hears cases brought forward by the competition commissioner about noncompliance with the Competition Act. The bureau is asking the tribunal to order Google to sell its publisher ad server, DoubleClick for Publishers, and its ad exchange, AdX.
Oil field owner
sues California
The owner of an oil field in Los Angeles County is suing the state of California over a law that will require it to stop production and plug its wells or face costly fines. Sentinel Peak is the owner of the Inglewood Oil Field. Los Angeles Times reports that it argues in its lawsuit filed this week that the law is unconstitutional. The bill was signed in September by Gov. Gavin Newsom. It is one of several measures aiming to reduce pollution by giving local governments more authority to restrict oil and gas operations.
— Bulletin staff and wire reports