Airbus recorded orders and options for 123 planes, according to the aviation consulting firm IBA.iQ.Paris Air Showread more
Wall Street analysts think Facebook's cryptocurrency payments project will give the company a big boost.Marketsread more
Facebook's reported move into cryptocurrency could amount to the biggest catalyst for digital assets in their decade-long history, some crypto investors say.Bitcoinread more
The Pentagon said that the crew of one of the tankers, the Japanese Kokuka Courageous, found an unexploded limpet mine on its hull following an initial explosion.Politicsread more
Electronic material that Infowars host Alex Jones turned over to families of Sandy Hook Elementary School shooting victims who are suing him contained images of child...Politicsread more
In a 7-2 ruling, over dissents from Justices Ruth Bader Ginsburg and Neil Gorsuch, the justices affirmed the so-called "dual sovereignty" exception to the Constitution's...Politicsread more
Eleven banks that lend to shipping lines announced Monday that climate impact will be integrated into the criteria that determines how much shipping companies can borrow, an...Transportationread more
Florida businessman Barry Honig agreed to a proposed judgment with the SEC in a case it called "classic pump-and-dump schemes," according to Monday filings.Crimeread more
"The recent Iranian attacks validate the reliable, credible intelligence we have received on hostile behavior by Iranian forces," Shanahan says.Politicsread more
"They're fun. They're companies you know or can learn about," he said, "and you can happily buy them into weakness if you've done the homework and you believe in their...Mad Money with Jim Cramerread more
"The idea that you can put it in dog food and it's going to calm your dog ... I think that's pretty hokey," former FDA chief Scott Gottlieb says.Health and Scienceread more
Driving Palo Alto Networks into the future was one of outgoing Chairman and CEO Mark McLaughlin's primary concerns when he was choosing his successor, he told CNBC on Tuesday.
The cybersecurity company announced on Friday that former SoftBank and Google executive Nikesh Arora would take over as CEO effective Wednesday, June 6.
Palo Alto's stock declined on the news, recovering slightly after the company reported third-quarter earnings that topped expectations. Still, investors remained hesitant, with the stock shedding another 2 percent in Tuesday's trading session.
But despite initial backlash to what some perceived as Arora's lack of cybersecurity expertise, McLaughlin and Arora told "Mad Money" host Jim Cramer in a joint interview on Tuesday that Palo Alto was in good hands.
Emphasizing that the transition was planned for a while, McLaughlin said that Palo Alto, a leader in enterprise cybersecurity solutions, is focused on a slew of developing markets including the cloud, machine learning and new-age software.
"I think the company's going to look different in five years than it has today because of the real drive towards those platforms and those capabilities," McLaughlin told Cramer. "In looking for the perfect person to do that, we wanted somebody who is a very demonstrated business executive at scale and would bring those key attributes to the table to take us where the company's going to be in five years."
Arora, who was president and chief operating officer at SoftBank and chief business officer at Google, echoed McLaughlin's point and pushed back on critics who said he lacked experience.
"The good news is I knew nothing about advertising or ad sales when I joined Google in 2004 and I think that worked out," Arora, who was Google's highest paid executive in 2012, said on Tuesday.
"I needed something to drag me out of my house and [make me] go back to work," he admitted. "I look at the cloud revolution. It's very, very early on the enterprise space. I look at the fact that we're going to have to secure our digital future in there, and Palo Alto is already an early leader in that space."
Arora added that Palo Alto's "hyper-growth" trends and innovative security platforms drew him to the company. In a regulatory filing Monday, Palo Alto revealed that Arora's pay package could be worth roughly $128 million, which could make him one of the highest paid U.S. executives.
Arora also echoed McLaughlin, who is leaving the company for personal reasons and will stay on as vice chairman of the board, in saying that the company would continue to take clients from its competitors.
But, the new CEO said, "I'm hoping that the clients we take in the future are not just from Cisco and Fortinet and Check Point. I'm hoping that we're taking a whole bunch of clients in the cloud space because that's where this industry's going. "
He also said he would leverage his contacts at Alphabet's Google to build relationships with top cloud and software providers.
"I'm hoping, as we go forward, we'll strike partnerships not just with Alphabet and Google but also with the other big players in the space, be it Microsoft or Amazon or many of our partners in the cybersecurity space, " Arora said. "Mark and team have done a phenomenal job in building Palo Alto Networks to where it is today and I look forward to being able to take that forward and see if we can apply the principles of scale that we learned at Google to Palo Alto Networks."
Disclosure: Cramer's charitable trust owns shares of Alphabet, Microsoft and Amazon.