In answer to the question my colleague Nikki Sein posed, “Can things get worse for the cruise ship industry?” If Costa Cruises’ most recent debacle is any indication, the answer […]
Global industrial giant United Technologies Corporation announced an immediate turnover this week in the boardroom. Louis Chenevert announced his retirement as chairman and CEO rather suddenly, and UTC named Gregory Hayes, CFO since 2008, as his replacement as CEO. Hayes has been with the company since UTC’s acquisition in 1999 of Sundstrand, where he worked in various financial management positions for 10 years. Lead director Edward Kangas was named chairman.
November 10, 2014
In an update last week, D&B Editor Tim Green noted the “explosive” growth of IT services provider Cognizant Technology Solutions. Revenue and profit both rose about 20% in 2013, hitting historic milestones of $8.8 billion and $1.2 billion, respectively. The results come amid increasing demand for offshore IT software and services and business process outsourcing (most of Cognizant’s employees and development centers are in India). The company is seeking long-term growth by targeting the Middle East and Asia/Pacific regions, specifically Japan, India, Australia, and Singapore. Follow Tim on Twitter.
November 24, 2014
Faced with a growing number of travelers, airports are increasing their investments in self-service technologies to streamline passenger movement. More than 75 percent of airports expect the majority of their passengers to use self-service check-in by 2017, according to a recent survey. Other improvements will include multiservice kiosks, bag self-dropping, and self-boarding services. For more industry trends, see our Airport Operations profile.