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☆ FAA investigating safety breaches after Colorado Rockies coach sat in a plane cockpit and joked about landing it during a United Airlines charter flight, reports say
▼ + stars: | 2024-04-20 | by ( Cameron Manley | ) www.businessinsider.com time to read: +4 min

"Flying the plane, here to Toronto," Meulens says as he gestures toward a pilot sitting beside him. Carlton said that United Airlines removed the pilots from service during the investigation. United Airlines and the FAA are yet to respond to Business Insider's request for comment, sent outside of regular working hours. On March 4, United Flight 1118 from Houston to Texas was forced to turn around after one of the plane's engines caught fire after take-off. A post-flight inspection revealed that United Flight 433 from San Francisco to Oregon on 15 March had lost an external panel.

Persons: —, Hensley Meulens, Meulens, Russell Carlton, Carlton, Chris Mullooly, Mullooly, Bud Black, Black Organizations: Service, Colorado Rockies, United Airlines, Federal Aviation Administration, FAA, Business, Rockies, The Denver Post, Airlines, Denver Post, United Airlines Boeing, Getty, United, Los Angeles International Airport, Boeing Locations: Denver, Toronto, Houston, Texas, San Francisco, Japan, Oregon

☆ The Masters is about to turn Augusta's airport into 'organized chaos.' Here's how it gears up for an influx of over 1,500 private jets.
▼ + stars: | 2024-04-10 | by ( Pete Syme | ) www.businessinsider.com time to read: +6 min

AdvertisementWith an average of 30,000 passengers a month, Augusta Regional Airport usually sees one-hundredth the number of passengers as Newark Liberty International. This year's Masters, played at Augusta National, is set to be the busiest yet for Augusta Regional Airport. "In years past, American has always given an influx of direct flights for Masters week," Smith told BI. But perhaps the most striking change from the usual day-to-day is the expected influx of private jets. Private jetsAugusta Regional Airport has two runways but closes one of them down for the Masters so that the private jets can park there.

Persons: —, Lauren Smith, Smith, It's, Barnwell, Augusta —, Uber Organizations: Augusta Regional Airport, Service, Augusta Regional, Newark Liberty International, TSA, Augusta National, American Airlines, Delta Air Lines, Delta, Private, Augusta, Atlanta —, New, Bombardier Challenger Locations: Augusta, Georgian, Washington, DC, Boston, Austin, JFK, Palm Beach, Orlando, LaGuardia, Detroit, Atlanta, Aiken, South Carolina, New York City, Toro

☆ Oakland A’s: Las Vegas mayor rebuffs MLB team’s move to town – but then backtracks
▼ + stars: | 2024-02-07 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +3 min

Major League Baseball owners unanimously voted in November to approve the relocation of the A’s out of the Bay Area, where they have played since 1968, to Las Vegas. The team’s lease at Oakland-Alameda County Coliseum ends following the 2024 season, and the franchise is set to start playing baseball in Nevada in 2028 in a new stadium on the Las Vegas Strip at Las Vegas Boulevard and Tropicana Avenue, on the site of the Tropicana hotel. Fans sit behind signs referencing plans for the Oakland Athletics to move to Las Vegas during a game against the Atlanta Braves at RingCentral Coliseum on May 29, 2023. Loren Elliott/Getty ImagesBut when the owners chose the nine-acre Tropicana site, Goodman said: “I thought, ‘This doesn’t make sense. She added: “And then I thought because they really want to stay in Oakland.

Persons: Carolyn Goodman isn’t, “, they’ve, ” Goodman, Goodman, FOS, Loren Elliott, ”, Rob Manfred, John Fisher, 3dOXfFuq3d, Carolyn G Organizations: CNN, Las Vegas, Oakland Athletics, Front Office, Tropicana, Major League Baseball, Oakland, Alameda County, Las, Atlanta Braves, RingCentral Coliseum, MLB, Raiders, Golden Knights, Aces, NFL’s Raiders, Athletics Locations: Sin City, Oakland, Bay, Las Vegas, Nevada, Las, …, “, Vegas

☆ Mass layoffs hit Sports Illustrated staff
▼ + stars: | 2024-01-19 | by ( Rob Wile | ) www.cnbc.com time to read: +2 min

The publisher of Sports Illustrated is laying off much of the storied magazine's entire staff. The news, first reported by Front Office Sports, came less than 24 hours after publisher The Arena Group announced "a significant reduction in its workforce," comprising 100 employees. According to FOS, Sports Illustrated's parent company, Authentic Brands Group, has sought to revoke Arena's license to publish SI after Arena missed a payment. The union representing SI's staff said in a tweeted statement that it had been notified of Arena's intention to "lay off a significant number, possibly all" of its union-represented staff. "This is another difficult day in what has been a difficult four years for Sports Illustrated under Arena Group (previously The Maven) stewardship," the union said in a statement.

Persons: Richard Deitsch, Long, Ross Levinsohn, Manoj Bhargava, Bhargava Organizations: Sports Illustrated, Front Office Sports, Arena, Authentic Brands, The, Arena Group, SI, Authentic Brands Group, NBC News, Time Inc, Meredith Corp, Better Homes, Gardens, Sports, Innovations Ventures, Men's, Sports Illustrated Resorts Locations: Dominican Republic

Still, oil demand at the world's biggest oil importer has so "far remained remarkably unaffected by its economic downturn", the IEA said. Estimates of global demand and supply this year and next differ markedly depending on the forecaster. The IEA estimates 2023 global demand to grow by 2.2 million bpd, while OPEC expects growth of 2.44 million bpd. The IEA expects growth to slow sharply to 1 million bpd, while OPEC has a far rosier estimate of 2.25 million bpd. Meanwhile, the U.S government's Energy Information Administration has forecast demand growth at 1.81 million bpd for 2023 and 1.36 million bpd next year.

Persons: Jean, Paul Pelissier, Tamas Varga, PVM, Natalie Grover, Alex Lawler, Louise Heavens, Jason Neely Organizations: REUTERS, Rights Companies, Rights Companies Danang Petroleum Machinery Technology JSC, International Energy Agency, OPEC, Brent, IEA, U.S government's Energy, Administration, Thomson Locations: Marseille, France, Rights Companies Danang, Saudi Arabia, Russia, OPEC, United States, Brazil, Iran, China, Asia, Africa, Latin America, London

☆ German economic weakness belies France's outperformance
▼ + stars: | 2023-09-12 | by ( Leigh Thomas | ) www.reuters.com time to read: +4 min

The European Commission said on Monday the two economies were on diverging paths this year with Germany forecast to be in a recession with a 0.4% contraction and France expected to grow 1.0%. With weak construction and declining construction investment weighing on Europe's biggest economy, Germany's outlook was slashed from a previous forecast for 0.2% growth while France was upgraded from 0.7%. The contrasting fortunes of the euro zone's two biggest economies can also be explained by tailwinds working against Germany and headwinds helping France. Germany's gas-hungry chemical industry has seen production fall 18% from 2019 levels while in France it is only 8%, Colombier said. That leaves few props to lend support to French growth going forward other than household savings.

Persons: Jean, Paul Pelissier, Germany's, Mathieu, tailwinds, headwinds, Charles, Henri Colombier, Colombier, Plane, Leigh Thomas, William Maclean Organizations: REUTERS, European, Germany, France's Finance, Thomson Locations: Marseille, Fos, Fos sur Mer, France, Germany, PARIS, Paris

☆ DraftKings apologizes after briefly offering a 'Never Forget' 9/11 anniversary-themed parlay
▼ + stars: | 2023-09-11 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +2 min

"We respect the significance of this day," the company said in its apology. The sports betting giant is just the latest company to fail to properly commemorate the terrorist attacks. The site briefly offered bettors a parlay, a wager tied to multiple outcomes, based on three New York teams playing Monday night. "We sincerely apologize for the featured parlay that was shared briefly in commemoration of 9/11," the company said in a statement posted on Twitter. "We respect the significance of this day for our country and especially for the families of those who were directly affected."

Persons: DraftKings, bettors, Aaron Rodgers, Papa John's Organizations: Service, New York, League Baseball's New York Yankees, Mets, New York Jets, Buffalo Bills, Twitter, Washington Post, Florida Walmart, Bear, Los Angeles Times, Bank of America Locations: Wall, Silicon, Ohio, Washington, Florida, DraftKings

☆ France pension reform protests turn violent following national day of action
▼ + stars: | 2023-03-23 | by ( Aurore Laborie Dalal Mawad Oliver Briscoe Allegra Goodwin Pierre Bairin Helen Regan | Aurore Laborie | Dalal Mawad | ) edition.cnn.com time to read: +4 min

Paris CNN —More than a million people took to the streets across France on Thursday with protests turning violent in some areas as demonstrators voiced their fury at proposed pension reforms. At least 80 people were arrested and 123 police officers injured in France on Thursday during the nationwide protests, French Interior Minister Gerald Darmanin said. The gate of the Bordeaux city hall after it was set on fire during a demonstration on a national day of action, on March 23 in Bordeaux, southwestern France. French riot police apprehend a protester amid clashes during a demonstration against pension reform in Paris on March 23, 2023. It rammed the legislation through the French National Assembly last week using a constitutional clause that allows the government to bypass a vote.

The president, the government and the majority," a senior MP in Macron's camp, Gilles Le Gendre, told Liberation newspaper. Another MP in Macron's camp, Patrick Vignal, bluntly urged the president to suspend the pension reform bill, which will raise the retirement age by two years to 64, given the anger it has triggered, and its deep unpopularity. REUTERS/Gonzalo Fuentes 1 2 3 4 5While Borne said the administration would try in future to better involve citizens and unions in lawmaking, she gave no specifics, and both said they had devoted as much time to dialogue on the pension bill as possible. Other opposition MPs urged Macron to fire Borne, call snap elections and hold a referendum on the pension bill because of the widespread anger. Polls show a wide majority of French are opposed to the pension reform, as well as the government's decision to push the bill through parliament without a vote.

☆ French strikes continue to block refinery shipments and LNG terminals
▼ + stars: | 2023-03-20 | by ( Forrest Crellin | ) www.reuters.com time to read: +4 min

REUTERS/Eric GaillardPARIS, March 20 (Reuters) - Shipments of refined products from French refinery and depots were blocked on Monday by a 13th day of strike action, though some refineries operated with a reduced flow. The cost of keeping LR2 vessels floating outside ports is leading many traders to avoid shipments into France, traders said. Strikes also continued through the weekend and into Monday at ExxonMobil (XOM.N) subsidiary Esso's Fos refinery, blocking deliveries, CGT union representative Germinal Lancelin said. At French liquefied natural gas (LNG) terminals, the strike was extended until March 27 at the three terminals operated by Engie (ENGIE.PA) subsidiary Elengy, a union representative said. Another vote will be held later this week, possibly on Wednesday, on whether to take further strike action, the representative added.

Operations were normal at the company's Normandy site in the north, while the Feyzin refinery in the southeast was operating almost normally, the person added. A union official said earlier that the Normandy refinery would be stopped this weekend. At oil major ExxonMobil's (XOM.N) Esso-branded Port Jerome refinery in Normandy, workers have been called to strike from Saturday at 2 p.m. (1300 GMT), a CGT union official said. It was unclear whether Esso's Fos-sur-Mer refinery in the south would be similarly affected. Reporting by Benjamin Mallet, Forrest Crellin and America Hernandez; Editing by Jan Harvey and Mark PotterOur Standards: The Thomson Reuters Trust Principles.

☆ French refinery strikes renewed for sixth day
▼ + stars: | 2023-03-13 | by ( ) www.reuters.com time to read: +1 min

PARIS, March 13 (Reuters) - Strikes blocking fuel deliveries from French refineries continued for a sixth day on Monday, after the Senate voted over the weekend to adopt President Emmanuel Macron's unpopular pension reform plan. TotalEnergies' refineries and depots remained blocked, with 41% of the operators on the morning shift joining the strike, a company spokesperson said. ExxonMobil's (XOM.N) subsidiary Esso's Fos refinery in France was also blocked, a CGT union spokesperson said. There was no strike at the Port Jerome site, but that could resume on Wednesday, the union spokesperson said. The Senate voted on Saturday to adopt Macron's pension reform plan, which among other measures raises the retirement age by two years to 64.

[1/6] People walk in a street where garbage cans are overflowing, as garbage has not been collected, in Paris, France March 10, 2023. REUTERS/Benoit TessierPARIS, March 10 (Reuters) - Garbage piled up in Paris streets and fuel deliveries were blocked from refineries as workers continued rolling strikes against pension reform but President Emmanuel Macron refused to meet with unions and said the reform must go ahead. But the hardline CGT union at TotalEnergies' Donges refinery said the strike would continue at least until Thursday and garbage collector unions had set no date for a resumption of services. According to an interior ministry note cited by French TV BFM, police expect that 800,000 to one million people will demonstrate. Fuel deliveries were also disrupted at the Fos refinery, operated by ExxonMobil (XOM.N) subsidiary Esso, a CGT spokesperson said.

On Tuesday, a nationwide day of industrial action brought record numbers of people onto the streets against the policy change. But Olivier Gantois, the head of the French Association of Petroleum Industry (UFIP), said there was little impact on consumers for now. The logo of French oil and gas company TotalEnergies is seen at TotalEnergies fuel depot in Mardyck, near Dunkerque, as France faces the sixth nationwide day of strike and protests against French government's pension reform plan, France, March 7, 2023. REUTERS/Pascal RossignolThe four French LNG terminals and all of the gas storage facilities also remained blocked, FNME-CGT representative Fabrice Coudour said. The next nationwide day of strikes and protests is set for Saturday.

[1/6] French energy workers on strike gather with dockers near tyres set on fire as they protest against French government's pension reform plan, in the port of Saint-Nazaire, France, January 26, 2023. An Elabe poll for BFM showed 72% of the French are against the pension reform. "Oil workers are against this (pension) reform but they don't want to be on the front line," said a CGT union representative for Exxonmobil. A spokesperson for Esso, whose two French refinery sites are run by ExxonMobil (XOM.N), said only truck loading operations were suspended at Fos, with everything else operating normally. A union representative added that production at the Port Jerome site was slightly impacted.

☆ Factbox: Unions vs Macron: French pension strikes snarl trains, close schools
▼ + stars: | 2023-01-19 | by ( ) www.reuters.com time to read: +2 min

PARIS, Jan 19 (Reuters) - French workers across the private and public sectors joined nationwide strikes on Thursday, snarling the rail network, closing schools and halting refinery deliveries. Here's where the impact is being felt:RAILWAYS, BUSES, METRONational train services and bus and metro operations in Paris were severely disrupted. The hard-left CGT's refinery federation has announced a further 48-hour strike next week and a 72-hour strike the week after. The Education Ministry said just 35% of high school teachers joined the industrial action, and 42% of primary school teachers. French law compels medics and other critical public services to guarantee a minimum level of cover.

☆ Thursday's strike will not disrupt refineries if shortlived -Total CEO
▼ + stars: | 2023-01-18 | by ( ) www.reuters.com time to read: +1 min

"We don't stop the refineries for one day", Pouyanne said, "we put them at a minimum which keeps them functioning", adding "strikers can decide to block shipments which can prevent the trucks from rolling." Operations at refineries could only be disrupted if the strike lasts several days, he said. A union representative earlier said no oil will be shipped from the TotalEnergies' refinery in Dunkirk, northern France, on Thursday. "We have plans in place to maximize our fuels supply to mitigate any potential impacts on our customers," a spokesperson from Esso said. Reporting by Forrest Crellin, editing by Tassilo Hummel and Elaine HardcastleOur Standards: The Thomson Reuters Trust Principles.

☆ Buy this little-known and underappreciated biopharma stock with nearly 60% upside, Goldman Sachs says
▼ + stars: | 2022-12-14 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Investors should consider putting money in Xenon Pharmaceuticals , a biopharma stock poised to rally as Wall Street gains more clarity on its drug to treat epilepsy, Goldman Sachs says. The stock, he said, could jump 58% from Tuesday's close, given the bank's price target, and offers investors "innovation and blockbuster potential in an overlooked neuro category." Those gains would come even after a solid 24% gain this year and near 8% gain this month." And Xenon has solid balance sheet, Choi said. "Although pricing power will likely be limited, we think [the drug's] differentiated profile ... combined with good launch execution portends blockbuster FOS sales in the mostly generic epilepsy category," Choi wrote.

☆ French strikes delay price recovery of crude grades in Europe
▼ + stars: | 2022-10-20 | by ( Rowena Edwards | ) www.reuters.com time to read: +3 min

Oct 19 (Reuters) - Strikes at French oil refineries have given temporary relief to volatile crude markets in Europe but created delayed demand for future months when refined product supply is set to be tight. The outages have significantly reduced demand for grades of crude in Europe that typically feed France's refineries, and weighed on prices. France also imported around 100,000 bpd of crude produced in the North Sea before the start of strike action, according to Energy Aspects. It relied on the Ekofisk North Sea crude grade, produced at a field in Norway where French oil major TotalEnergies (TTEF.PA) has equity, traders said. Walkouts also ended last week at Exxon Mobil's (XOM.N) 140,000 barrel per day (bpd) Fos-Sur-Mer and 240,000 bpd Port Jerome-Gravenchon oil refineries.

One in two trains were canceled on some suburban rail lines in Paris and Eurostar canceled four services between the French and British capitals on Tuesday and Wednesday, blaming strike action. French unions called for a nationwide strike on Tuesday, expanding a weeks-long refineries strike that has caused fuel shortages and miles-long lines at gas stations. “There will be as many ordered back to work as necessary,” to respond to the needs of French people, Veran told France 2 television. He criticized ongoing blockades at refineries by French union CGT, given that a majority of workers had now agreed to wage deals with ExxonMobil and TotalEnergies. While ExxonMobil workers agreed to end their blockade of the Fos-sur-Mer refinery and depot in southern France late last week following salary negotiations, strikes continue at TotalEnergies refineries.

☆ Exxon Mobil says French refineries could take 2-3 weeks to fully restart
▼ + stars: | 2022-10-18 | by ( Rowena Edwards | ) www.reuters.com time to read: +1 min

Oct 18 (Reuters) - Exxon Mobil's 140,000 barrel per day (bpd) fos-Sur-Mer and 240,000 bpd Port Jerome-Gravenchon oil refineries in France could take 2-3 weeks to fully restart after shutdowns caused by strikes, a company spokesperson said on Tuesday. Strike action over pay at the two refineries, which resulted in a three-week closure, ended late last week. read moreThe outages, coupled with walkouts at oil major TotalEnergies (TTEF.PA), contributed to supply problems at French petrol stations and resulted in growing queues of motorists worried about supply disruption. read moreA nationwide strike in France on Tuesday has not affected the restart of Exxon's refineries, the spokesperson said. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Rowena Edwards; Editing by Kirsten Donovan and Andrew HeavensOur Standards: The Thomson Reuters Trust Principles.

Paris CNN Business —French President Emmanuel Macron called a crisis meeting with senior ministers on Monday to address crippling strikes at gas refineries that has caused fuel pumps to run dry. Elsewhere, nearly one third of gas stations have run out of at least one fuel, with the situation expected to worsen this week, according to French Prime Minister Elisabeth Borne. But French Finance Minister Bruno Le Maire said the strikes were “unacceptable and illegitimate,” because wage agreements had been met with the majority of workers. Transportation minister Clement Beaune told France Inter that the only way out of the crisis is an end to strikes. On Sunday, thousands marched through central Paris to protest the crisis and “climate inaction.”

Management at Exxon Mobil's (XOM.N) Esso France reached a deal with a majority of unions on Monday, but not the CGT. "I have therefore asked the prefects, as permitted by law, to requisition the personnel needed to the functioning of the company's depots," she said, referring to Esso France. SHORTAGES1/5 People gather during a TotalEnergies and Esso ExxonMobil workers' protest outside Esso refinery in Fos-Sur-Mer, France October 11, 2022. Esso France said it had reached a salary deal with unions on Monday. Even so, the CGT said it had not signed off on the deal, and its workers remained on strike.

☆ French refineries hit by strikes for a third day
▼ + stars: | 2022-09-29 | by ( ) www.reuters.com time to read: +2 min

SummarySummary Companies Seven TotalEnergies sites affectedTwo ExxonMobil refineries also impactedPARIS, Sept 29 (Reuters) - Strikes have disrupted TotalEnergies' (TTEF.PA) oil products refining and delivery for the third day as disruptions continue at seven sites throughout France, a CGT trade union representative told Reuters. Six other TotalEnergies refining and distribution sites have also been impacted, a memo from the union seen by Reuters showed. The firm's 240,000 barrel per day (bpd) Port Jerome-Gravenchon oil refinery, the Notre Dame de Gravenchon Petrochemical site, and the 140,000 bpd Fos-Sur-Mer refinery were shut down last week. Outages in France's refining sector are creating a level of uncertainty in refined oil trade amid a heavy oil refinery turnaround season in Europe this autumn. Benchmark European diesel profit margins hit a two-week high of about $50 a barrel on Wednesday, based on Reuters assessments, driven by the French strikes.

☆ Exxon Mobil shuts Fos-Sur-Mer refinery in France due to strike
▼ + stars: | 2022-09-22 | by ( Rowena Edwards | ) www.reuters.com time to read: +1 min

REUTERS/Toru HanaiCompanies Exxon Mobil Corp FollowSept 22 (Reuters) - ExxonMobil is gradually shutting down its 235,000 barrel per day (bpd) Fos-Sur-Mer refinery in France as a result of ongoing strike action, the company said in an emailed statement on Thursday. read moreFrench unions CGT and Force Ouvriere called for a strike on Tuesday following wage negotiations with Exxon Mobil related to rising inflation in Europe. "This unfortunate situation may impact our customers, contractors, suppliers, and employees, and affects the international reputation of Exxon Mobil activities in France," the statement said. Workers at Exxon's Toulouse depot have also joined the strike, CGT Exxon Mobil said on its blog. Register now for FREE unlimited access to Reuters.com RegisterReporting by Rowena Edwards; editing by David EvansOur Standards: The Thomson Reuters Trust Principles.

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