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☆ Ship’s power system and circuit breakers are focus of Key Bridge collapse probe, investigators say
▼ + stars: | 2024-04-10 | by ( Gregory Wallace | ) edition.cnn.com time to read: +3 min

CNN —The investigation into why a cargo ship lost power and struck a Baltimore bridge last month, causing it to collapse, is currently focused on engine room equipment, the National Transportation Safety Board said Wednesday. Hyundai, the equipment’s manufacturer, has sent employees to the Dali ship to help “download data from the electrical power system and look at the circuit breakers,” NTSB Chairwoman Jennifer Homendy told the Senate Commerce Committee. “There isn’t enough information on that to understand what’s going on in the engine room,” she said. Investigators also spoke with crewmembers who may be involved in the engine and electrical systems, including the chief and an assistant engineer, and the electrician. Separately, the US Army Corps of Engineers released new 3D sonar images of the wreckage below the surface of the river.

Persons: Dali, Jennifer Homendy, ” Homendy, ” Hyundai, ”, “, –, Homendy, Sen, Ted Cruz, Biden, ” Cruz Organizations: CNN, National Transportation Safety, Hyundai, Senate, ”, Republican, US Army Corps of Engineers Locations: Baltimore, Patapsco, China

☆ Boeing is unable to provide key information in door plug blowout investigation, NTSB chair says
▼ + stars: | 2024-03-13 | by ( Gregory Wallace | ) edition.cnn.com time to read: +3 min

CNN —Investigators probing the Boeing 737 Max blowout say their investigation is being held back by Boeing’s lack of a paper trail for key work. Boeing recently said it has searched for records but believes its employees did not document the work. The letter noted that Boeing has also been unable to provide security footage of the September 2023 work, which included removing and reinstalling the door plug. Boeing told CNN that 30-day record retention policy for security camera footage is standard practice. The letter revealed that the NTSB’s first request to Boeing for relevant employees’ names came on January 9 — four days after the mid-flight incident.

Persons: Jennifer Homendy, Homendy, ”, “ Organizations: CNN, Boeing, Max, National Transportation Safety Board, Alaska Airlines, Senate, NTSB, ” NTSB, Transportation Safety Board, Alaska Airlines Flight, Getty, ” Boeing Locations: Boeing’s Renton , Washington, Boeing’s, Portland , Oregon, Ontario , California

☆ Premarket stocks: US companies are still worried about an economic shock
▼ + stars: | 2024-02-07 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

A version of this story first appeared in CNN Business’ Before the Bell newsletter. But America’s publicly traded companies are flashing a key sign of economic uncertainty — they’ve been hoarding cash. And companies with existing and expensive debt in a high-interest rate environment would likely want to use their cash to pay it down. “We interpret this correlation as evidence that cash reserves act like insurance against sudden economic shocks,” wrote the researchers. The missing bolts are apparently not the only problem.

Persons: America’s, ” Vijay Govindarajan, ”, Dartmouth’s Govindarajan, Anup Srivastava, Chandrani Chatterjee, Max, Jennifer Homendy, Homendy, Evan Spiegel, Tuesday’s, Read Organizations: CNN Business, Bell, New York CNN, CNN, Moody’s Investors, Dartmouth’s Tuck School of Business, University of Calgary’s Haskayne School of Business, University of Texas, JPMorgan, NTSB, Boeing, National Transportation Safety, Max, Alaska Airlines, United Airlines, Wall Street, Meta Locations: New York, Ukraine, Arlington, Alaska, Oregon, ”

FORT LAUDERDALE Fla. (AP) — The National Transportation Safety Board said Saturday it will investigate two crashes involving Florida's Brightline train that killed three people at the same railroad crossing on the high speed train's route between Miami and Orlando. Friday's crash killed driver Lisa Ann Batchelder, 52, and passenger Michael Anthony Degasperi, 54, both of Melbourne. On Wednesday, 62-year-old Charles Julian Phillips was killed when the vehicle he was driving was hit by the train. Melbourne Mayor Paul Alfrey told reporters at the scene that the SUV tried to outrun the train. “I start by saying if the arm is down don’t go around,” Alfrey told Orlando television station WKMG.

Persons: Brightline, Lisa Ann Batchelder, Michael Anthony Degasperi, Charles Julian Phillips, Melbourne Mayor Paul Alfrey, ” Alfrey, “, Sarah Taylor Sulick, That’s Organizations: Transportation Safety, Associated Press, Melbourne police, Melbourne Mayor, Orlando, NTSB, “, Press, U.S, Caltrain Locations: LAUDERDALE Fla, Miami, Orlando, Melbourne, South Florida

☆ Reno air race crash: Two pilots killed in a collision at conclusion of T-6 Gold race
▼ + stars: | 2023-09-17 | by ( Andy Rose | ) edition.cnn.com time to read: +2 min

CNN —Two pilots were killed when their planes collided Sunday during the National Championship Air Races and Air Show in Reno, Nevada, organizers of the event said. “Around 2:15 p.m. this afternoon, at the conclusion of the T-6 Gold race, upon landing, two planes collided and it has been confirmed that both pilots are deceased,” the Reno Air Racing Association said in a statement posted on Facebook. In a later statement, organizers identified the two pilots as Nick Macy and Chris Rushing. “Both expertly skilled pilots and Gold winners in the T-6 Class, Macy piloted Six-Cat and Rushing flew Baron’s Revenge,” the updated statement said. A pilot was killed last year in a plane crash during a race and In 2011, 11 people were killed and more than 60 others injured when a plane veered out of control and slammed into spectators.

Persons: Nick Macy, Chris Rushing, Macy, Rushing, ” Organizations: CNN, National, Air, “, Reno Air Racing Association, Facebook, National Transportation Safety, North, NTSB, Federal Aviation Administration Locations: Reno , Nevada, American, Nevada

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