The Senate voted 98-0 to approve President Biden’s nominee to guide the Federal Aviation Administration on Tuesday, ending a span of practically 19 months wherein the company was with out a Senate-confirmed chief.
Michael Whitaker is a former deputy FAA administrator and most not too long ago served as chief working officer of a Hyundai affiliate that’s creating an air taxi.
Whitaker will take over an company that faces many challenges, together with a surge in shut calls between planes at main airports, a scarcity of air visitors controllers, and getting old expertise that resulted in a quick nationwide halt in flights in January.
Whitaker was Biden’s second selection for the job. The nomination of Denver International Airport CEO Phil Washington languished for months, then didn’t get out of the Commerce Committee due to opposition from Republicans and unbiased Kyrsten Sinema of Arizona.
Visa earnings develop on digital financial system
Payments processing large Visa Inc. posted an 18% rise in its fiscal fourth-quarter earnings Tuesday, as the corporate continues to profit from the rising use of credit score and debit playing cards globally.
The San Francisco-based firm mentioned it earned $4.82 billion within the quarter, or $2.33 a share after one-time changes. That’s in comparison with a revenue of $4.09 billion, or $1.93 a share, in the identical interval a yr in the past. Visa beat analysts’ forecasts, in keeping with FactSet.
Since the COVID-19 pandemic, Visa has benefitted from a basic change in client habits that has led to the broad acceptance of digital funds in locations the place historically money was king, in addition to from the expansion in on-line purchasing.
Source: www.bostonherald.com”