DIRS.INFO The most relevant business & tech news

☆ The next North Korea crisis could come this year
▼ + stars: | 2024-05-21 | by ( Chris Panella | ) www.businessinsider.com time to read: +6 min

Read previewTensions are flaring between North Korea and South Korea, and it could lead to conflict sooner rather than later. If such a clash between North Korea and South Korea occurred, it could quickly spiral into wider conflict. SOPA Images via Getty ImagesA notable shift came earlier this year, when North Korea declared South Korea "our principal enemy" and threatened to "thoroughly annihilate" it along with the US if provoked. The move was alarming and likely partially influenced by the Yoon administration's harder stance against North Korea than South Korea's previous president, Moon Jae-in. Military members salute during a military demonstration involving tank units in North Korea.

Persons: —, Sue Mi Terry, Terry, Yoon Suk, Yoon, Kim Jong, Kim's, Moon Jae, Victor Cha, Andy Lim, Biden, Joe Biden, Donald Trump, Kim, Allison Hooker, Hooker Organizations: Service, South Korea's, Council, Foreign Relations, Foreign Affairs, Business, US, North, National Reunification, Government, KCNA, Reuters, Center for Strategic, Studies ' Capital, CSIS, REUTERS Times, Trump, National Security Council Locations: Korea, South Korea, North Korea, Korean, South, Japan, Asia, CSIS Korea, Hanoi, Russia, China, Ukraine, Taiwan

☆ Diddy is done: Sean Combs can't save his career, entertainment attorney says — but he can maybe save himself
▼ + stars: | 2024-05-20 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +5 min

Read previewA "smoking gun" video of Sean "Diddy" Combs could help plaintiffs in other civil suits against him bolster their cases, an entertainment lawyer told Business Insider. In the video, a man appearing to be Combs shoves, drags, kicks, and throws an object toward Ventura in the hotel hallway. 'His career is effectively done'Ventura alleged in her November suit that Combs paid the defunct hotel $50,000 to obtain the surveillance footage. From the perspective of Combs' defense, Dowlatshahi said Combs' lawyers will probably try to settle the cases and advise Combs to cooperate with authorities. "His career is effectively done," Dowlatshahi told Business Insider.

Persons: —, Sean, Diddy, Combs, Cassie Ventura, Ventura, Camron, Mills, Mills Sadat Dowlat, wouldn't, Meredith Firetog, Firetog, Cassie, Dowlatshahi Organizations: Service, CNN, InterContinental Hotel, Business, Associated Press, Mills Sadat, Wigdor LLP, Federal, DHS, Miami, Diddy Locations: Los Angeles, Ventura, Hollywood

☆ Sean Combs Apologizes After Video Shows Him Assaulting Cassie
▼ + stars: | 2024-05-19 | by ( Julia Jacobs | ) www.nytimes.com time to read: +1 min

Two days after CNN published video footage showing him striking, kicking and dragging his former girlfriend, Sean Combs posted a video on social media on Sunday calling his behavior “inexcusable.”The footage that surfaced on Friday showed Mr. Combs, the hip-hop mogul known as Puff Daddy and Diddy, kicking and dragging his former girlfriend, Casandra Ventura, known as Cassie, in 2016. Last year Ms. Ventura filed and then quickly settled a lawsuit against Mr. Combs accusing him of years of physical and sexual abuse. The footage shown Friday, which appeared to come from security cameras, was consistent with some of the allegations in her lawsuit, which accused Mr. Combs of assaulting her at an InterContinental Hotel in Los Angeles in 2016 as she tried to leave. “It’s so difficult to reflect on the darkest times in your life, but sometimes you got to do that,” Mr. Combs said in his apology video, which he posted to Instagram. I take full responsibility for my actions in that video.

Persons: Sean Combs, Combs, Casandra Ventura, Cassie, Ventura, “, Mr, I’m, ” Organizations: CNN, Mr, InterContinental Hotel Locations: Los Angeles

☆ ‘Diddy’ apology video: Sean Combs speaks out after surveillance tape shows him assaulting Cassie Ventura
▼ + stars: | 2024-05-19 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +12 min

CNN —Almost 48 hours after being shown physically assaulting his then-girlfriend Cassie Ventura in 2016 in a surveillance video obtained exclusively by CNN, Sean “Diddy” Combs has apologized. “It’s so difficult to reflect on the darkest times in your life, but sometimes you got to do that,” Combs said in a video statement posted to Instagram. In the video, Ventura exits a hotel room and walks to a bank of elevators. Sean Combs and Cassie Ventura are seen in security video in 2016. Ventura, who reached an undisclosed settlement with Combs, declined to comment on the video obtained by CNN.

Persons: Cassie Ventura, Sean “ Diddy ” Combs, Combs, Ventura, “, ” Combs, ”, I’m, Meredith Firetog, “ Combs, Cassie, ‘, ’, ” “, ” Ventura, Ben Brafman, Combs “, Brafman, Mr, Sean Combs, CNN Ventura, Douglas H, Wigdor, Aubrey O’Day, Danity Kane, ” Danity Kane, ” O’Day, Sean ‘ Diddy ’ Combs, Alex Fine, shouldn’t, Fine Organizations: CNN, Ventura, InterContinental, InterContinental Century, InterContinental Hotels, MTV, Los Angeles County, Attorney’s, Victims Services, Los Angeles Police Department, LAPD, Violence Locations: Ventura, Century City, Los Angeles, “

☆ Cassie appeared to be bruised on her body 2 days after Sean 'Diddy' Combs appeared to physically attack her in 2016, report says
▼ + stars: | 2024-05-18 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +4 min

Read previewSinger Casandra "Cassie" Ventura was photographed with what appears to be bruises on her legs and arms days after an alleged physically assault by Sean "Diddy" Combs in a 2016 attack that was caught on video. Cassie Ventura and Sean P. Diddy Combs on March 7, 2016 — two days after the hotel hallway attack. Jason LaVeris/FilmMagic/Getty ImagesWhile not seen in the footage, CNN reported that Combs ceased his attack when one of the elevator doors opened and someone appeared to exit. "After he fell asleep, Ms. Ventura tried to leave the hotel room, but as she exited, Mr. Combs awoke and began screaming at Ms. Ventura," the lawsuit reads. Elsewhere in the lawsuit, Ventura accused Combs of perpetuating a "cycle of abuse," raping her in their home and forcing her to engage in sex acts with male sex workers.

Persons: —, Cassie, Ventura, Sean, Diddy, Combs, Cassie Ventura, Sean P, Diddy Combs, Max, Douglas H, Jason LaVeris, Combs — Organizations: Service, CNN, Business, JMA, Getty, Business Insider, InterContinental, Mr, Ventura, The New York Times Locations: Los Angeles, Century City, Ventura, Manhattan

☆ Cassie Ventura's husband speaks out after footage appeared to show Sean 'Diddy' Combs physically assaulting her in 2016
▼ + stars: | 2024-05-18 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +4 min

Read previewCassie Ventura's husband, Alex Fine, called out "men who hit women" after a video appeared to show Sean "Diddy" Combs physically assaulting her at a hotel in March 2016. This story is available exclusively to Business Insider subscribers. The footage appears to match a physical assault incident Ventura described in her November 2023 lawsuit against Combs. Men who enable it and protect those people aren't men," Fine wrote. Representatives for Fine did not immediately respond to Business a request for comment from Business Insider.

Persons: —, Cassie, Alex Fine, Sean, Diddy, Combs, Fine, Ventura, shouldn't, Cassie Ventura, Paul Morigi, Lucas Jackson, Hulu Organizations: Service, CNN, InterContinental Hotel, Business, Combs ., Fine, Representatives, REUTERS, The New York Times, of Homeland Security, Bad Boy Records, Black Locations: Ventura, Los Angeles, Miami

☆ Sean ‘Diddy’ Combs seen physically assaulting Cassie Ventura in 2016 surveillance video obtained by CNN
▼ + stars: | 2024-05-17 | by ( Sandra Gonzalez | Elizabeth Wagmeister | ) edition.cnn.com time to read: +7 min

CNN —A 2016 surveillance video obtained exclusively by CNN shows Sean “Diddy” Combs grab, shove, drag and kick his then-girlfriend Cassie Ventura during an altercation that matches allegations in a now-settled federal lawsuit filed by Ventura in November. In the video, Ventura exits a hotel room and walks to a bank of elevators. Ventura’s attorney, Douglas H. Wigdor, said: “The gut-wrenching video has only further confirmed the disturbing and predatory behavior of Mr. Combs. Sean "Diddy" Combs with Cassie Ventura attend the premiere of 'The Perfect Match' in Los Angeles on March 7, 2016. He is happy they got to a mutual settlement and wishes Ms. Ventura the best.”Details of the settlement were not disclosed.

Persons: Sean “ Diddy ” Combs, Cassie Ventura, Ventura, Combs, Douglas H, Wigdor, ” Combs, ”, “, Sean, Diddy, Chris Delmas, Ben Brafman, “ Mr, ” Brafman, Mr, Aaron Dyer, – Organizations: CNN, Ventura, InterContinental, Combs, InterContinental Hotels, Los Angeles, InterContinental Century, Getty, Authorities, Department of Homeland Security Locations: Century City, Los Angeles, Ventura, AFP, California, Florida

☆ Here are the perks Trump's top donors would receive during the Republican National Convention
▼ + stars: | 2024-05-16 | by ( Brian Schwartz | ) www.cnbc.com time to read: +3 min

ANAHEIM, CALIFORNIA - SEPTEMBER 29: Former U.S. President Donald Trump Former U.S. President Donald Trump speaks at the California GOP convention on September 29, 2023 in Anaheim, California. Presidential candidates set to speak at the convention include former President Donald Trump, Florida Gov. (Photo by David McNew/Getty Images)Former President Donald Trump's top donors are to be rewarded for supporting him while they attend the Republican National Convention in July, according to new documents reviewed by CNBC. A fundraising committee called Trump 47 is offering its donors "major investor convention benefits," according to a pamphlet. The document lists convention rewards for Trump 47 Committee donors who either raise up to $2.5 million or personally give between $24,000 and $844,600.

Persons: Donald Trump, Ron DeSantis, South Carolina Sen, Tim Scott, Vivek Ramaswamy, David McNew, Donald Trump's, Trump, Harley, Jeffrey Sprecher, Sen, Kelly Loeffler, Robert Mercer, Linda McMahon, Woody Johnson Organizations: U.S, Donald Trump Former U.S, California GOP, Florida Gov, Republican National Convention, CNBC, Trump, Republican National Committee, Republican, Donors, Fiserv, Davidson, Republicans, RNC, Intercontinental Exchange, Renaissance Technologies, Small Business Administration, New York Jets Locations: ANAHEIM, CALIFORNIA, California, Anaheim , California, Florida, South Carolina, Milwaukee

☆ Is meme trading back? These 4 stocks could benefit from a retail investor boom
▼ + stars: | 2024-05-15 | by ( Ganesh Rao | ) www.cnbc.com time to read: +5 min

Whether retail investors profit from their bets on GameStop and AMC Entertainment or not, one group of companies looks set to cash in from the frenzied trading: stock exchanges. So-called meme stocks, which gained popularity through social media platforms like Reddit and Twitter (or X), have attracted retail investors looking to make a quick profit. Through this new innovative offer, we will offer retail investors a true one-stop-shop experience for equity trading," he said in May 2023. "The rise of retail options trading is another secular trend we're excited to build on with more platforms coming online for index options trading later this year, giving retail investors expanded access to our products," Howson said on an earnings call to analysts this month. ICE, which owns the New York Stock Exchange and several other exchanges, offers trading in stocks, bonds, commodities, currencies and derivatives.

Persons: Eric Leupold, Deutsche Boerse, Benjamin Goy, Stéphane Boujna, FactSet, David Howson, Howson, Oppenheimer, Hannah Gooch, Peters, Marco Iachini , Organizations: GameStop, AMC Entertainment, Twitter, Deutsche Borse AG Deutsche Börse, Frankfurt Stock Exchange, Corona, Deutsche Börse, DB1, Deutsche Bank, Global Equity, Cboe, Wall Street, Intercontinental Exchange, Sanlam Investments, ICE, New York Stock Exchange, Vanda Locations: Germany, U.S, Switzerland, Italy, Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo, Paris, France, Portugal, Europe

☆ Opinion: A Russian weapon could wipe out US space edge
▼ + stars: | 2024-05-15 | by ( Clayton Swope | ) edition.cnn.com time to read: +7 min

Here, the NanoRacks-Remove Debris satellite is deployed from the International Space Station in 2018. Before revelations about Russia’s development of a nuclear anti-satellite weapon, there had been indications of global recognition that the use of certain space weapons was bad for everyone. The proposed defense budget for 2025 does not reflect the scale and urgency of the need to counter space threats and protect space systems. Learning how to operate satellites in a space environment clogged with debris or increased radiation caused by a space weapon is also important. We need a two-pronged effort to prepare for the worst: Double down on efforts to protect and maintain access to space in a hostile space environment and consider how to operate without space.

Persons: Clayton Swope, Mike Turner, Estonia’s, —, Vassily Nebenzia, Frank Herbert’s Organizations: Aerospace Security, International Security, Center for Strategic, International Studies, CIA, CNN, Clayton, Clayton Swope Center, Strategic, United, US, Intelligence, Ohio Republican, International Space Station, NASA, GPS, Finnair, United Nations, UN, Twitter Locations: Washington , DC, Russian, United States, Russia, Ohio, Vietnam, Guadalcanal, Iwo Jima, Tartu, China, Moscow

☆ Biden Bans Chinese Bitcoin Mine Near U.S. Nuclear Missile Base
▼ + stars: | 2024-05-13 | by ( Michael Forsythe | Gabriel J.X. Dance | ) www.nytimes.com time to read: +1 min

President Biden on Monday ordered a company with Chinese origins to shut down and sell the Wyoming cryptocurrency mine it built a mile from an Air Force base that controls nuclear-armed intercontinental ballistic missiles. The cryptomining facility, which operates high-powered computers in a data center near the F.E. Warren base in Cheyenne, “presents a national security risk to the United States,” the president said in an executive order, because its equipment could be used for surveillance and espionage. The order did not detail those risks. But Microsoft’s report to the federal committee, obtained last year by The Times, said, “We suggest the possibility that the computing power of an industrial-level cryptomining operation, along with the presence of an unidentified number of Chinese nationals in direct proximity to Microsoft’s Data Center and one of three strategic-missile bases in the U.S., provides significant threat vectors.”

Persons: Biden, Warren, “ Organizations: Monday, Air Force, New York Times, Microsoft, Pentagon, Foreign Investment, The Times, Microsoft’s Data Locations: Wyoming, Cheyenne, United States, U.S

☆ Russia again had only one tank in its big Victory Day military parade, and it was a World War II relic
▼ + stars: | 2024-05-09 | by ( Ella Sherman | ) www.businessinsider.com time to read: +4 min

Read previewRussia often uses its annual Red Square military parade in Moscow as an opportunity to show off its weaponry. This T-34, the legendary Soviet tank from World War II, was the only Russian tank on display at the Victory Day parade in Red Square today. A military parade on Victory Day in Red Square, Moscow, Russia, in May 2022, to mark the 77th anniversary of the victory over Nazi Germany in World War II. A RS-24 Yars intercontinental ballistic missile system drives on Red Square during the Victory Day military parade in central Moscow on May 9, 2024. AdvertisementWhile the Russian tank display was notably lacking, other modern Russian weapons did make an appearance, such as Russia's intercontinental ballistic missiles.

Persons: —, @maxseddon, Vladimir Putin, Novozhenina, Ukraine's, NATALIA KOLESNIKOVA Organizations: Service, Red, Soviet Union, Business, Soviet, Nazi, REUTERS, International Institute for Strategic Studies, Victory Day Locations: Russia, Moscow, Soviet, Nazi Germany, Square, Ukraine, Red Square, Donetsk

☆ Russia's former president threatened nuclear attacks on Western capital cities if NATO sends any troops to Ukraine
▼ + stars: | 2024-05-07 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Dmitry Medvedev is at it again, threatening Western leaders with nuclear attacks if they cross a line. Medvedev says no leaders in Washington, Paris, and London won't "be able to hide" if they send troops to Ukraine. AdvertisementFormer Russian President Dmitry Medvedev on Monday threatened nuclear strikes on Western leaders who want to send their troops to Ukraine, doubling down on his increasingly hostile rhetoric toward the North Atlantic Treaty Organization. Related storiesStrategic nuclear weapons are those typically launched via intercontinental ballistic missiles. But such threats have also been categorized as bluffs by Western leaders, who say the Kremlin hopes to scare Ukraine's allies off.

Persons: Dmitry Medvedev, Medvedev, —, nonstrategic, Vladimir Putin, Putin, isn't, Emmanuel Macron, Macron, Sinead Baker, Tony Soprano's, Edward Lucas Organizations: London, Service, Atlantic Treaty Organization, NATO, Capitol, Monday, Russia's, Hague, Center for, Russia's Security Locations: Washington, Paris, Ukraine, Russian, France, Baltics, Poland, Kyiv, Russia, Ukraine's, Elysee, Downing Street, Moscow

☆ The UK could need an Israeli-style Iron Dome air defense system, says former US national security advisor
▼ + stars: | 2024-05-05 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +5 min

Read previewFormer US National Security Advisor General HR McMaster has said the UK must prepare for possible future conflicts by building an Israeli-style Iron Dome air defense system. Indeed, the UK is considering developing its own Iron Dome air defense system amid growing tensions with Russia and its allies. The Israeli modelMissiles launched from the Iron Dome defense system attempt to intercept a rocket fired from Gaza strip. Related storiesIsrael's short-range Iron Dome is a mobile all-weather air defense system that has been in service since 2011. Aside from internal discussions on an Iron Dome, the UK is in talks to join Europe's aerial defense system.

Persons: —, McMaster, Adm, Sir Tony Radakin, Michael Clarke, Clarke, MAHMUD HAMS, Rishi Sunak, Israel, Aleksey Zhuravlyov, Putin, Vladimir Solovyov, I've, T6GN35UGtG — Anton Gerashchenko Organizations: Service, US National Security, McMaster, LBC, Business, Britain's Armed Forces, Iron, Getty, UK, Newsweek, Design, Sky, UK Ministry of Defense, NATO Locations: United Kingdom, United States, Israel, Russia, Europe, China, Iran, North Korea, Gaza, AFP, London, Ukraine, British, Russian, Baltic

☆ China has a lot more missiles — with US warships and bases in its sights
▼ + stars: | 2024-05-04 | by ( Chris Panella | ) www.businessinsider.com time to read: +18 min

American warships and bases in the Pacific are within reach of an increasingly worrying threat, a missile force unlike anything the US has faced in combat. With these missiles, China is signaling that it could attack US bases and ships in the region with little to no warning, Clark said. TK Department of DefenseThere's a lot more to the Chinese Rocket Force than these weapons, though. AdvertisementThat said, the US and its allies can't afford to assume the Rocket Force won't be ready should conflict come. In other words, how the US prepares itself and adapts to the Chinese Rocket Force gives it the best shot at avoiding a fight altogether.

Persons: China's, Andersen, Thomas Shugart, Bryan Clark, John Aquilino, Kevin Frayer, Harry Harris, Harris, Clark, Shugart, Gerald R, Kendall Warner, Byrd, US Defense Department Harris, Robert Peters, Peters, Ronald Reagan, Andrea Rosembert, Cpl, Ryan Little, Charles Flynn, I'm, Flynn, it's, Andy Wong Organizations: Business, Army Rocket Force, Pentagon, China's Rocket Force, Department of Defense TK Department of Defense, Center, New, New American Security, US Navy, PLA, Hudson Institute, Pacific Command, People's Liberation Army Rocket Force, Eastern Theater Command, People's Liberation Army PLA, Getty, Rocket Force, Liberation, TK Department of Defense, Chinese Rocket Force, US Defense Department, Ford, Virginian, Tribune, Service, Japan, Self, Defense Force, Misawa Air Base, Pacific, US, Defense, Aegis Ballistic Missile Defense, Army, Heritage Foundation, Aegis, Guam, Area, Ronald, Ronald Reagan Ballistic Missile Defense, Department of Defense, US Air Force, Marine Corps, Andersen Air Force Base, Marine, Combat, US Army Pacific, Stealth, Force, Military Locations: Beijing, China, American, Guam, South, Washington, Japan, New American, People's Republic of China, South Korea, Taiwan, South China, AFP, U.S, Marshall, Pearl, Pacific, PLARF, Tiananmen

☆ The longest flight from China will take you to Mexico City
▼ + stars: | 2024-04-29 | by ( Kathleen Magramo | Hassan Tayir | ) edition.cnn.com time to read: +2 min

CNN —China Southern Airlines is launching its first-ever direct passenger flight from the megacity of Shenzhen to Mexico City, which will set the record as the longest nonstop regular commercial flight to originate in China. The inaugural flight will depart from the Chinese southern metropolis of Shenzhen on May 11, making a 16-hour nonstop journey to Mexico City, according to information available from China Southern Airlines. The upcoming route overtakes China Southern Airlines’ Guangzhou to New York flight, which covers a distance of 12,871 kilometers, as the furthest nonstop commercial flight to depart from a Chinese airport. China Southern Airline’s newest route would knock out Singapore Airlines’ Singapore to Los Angeles flight to take 8th place on the list of the world’s longest flights compiled by aviation analytics database OAG. China Southern Airlines was the first-ever Chinese carrier to operate flights to Mexico, launching the Guangzhou-Vancouver-Mexico City route in April 2017, according to reports from Chinese state media agency Xinhua at the time.

Organizations: CNN, China Southern Airlines, Mexico City, Airbus, SZ News, Singapore Airlines, China Southern, Singapore Airlines ’, Airlines, Xinhua Locations: Shenzhen, Mexico, China, Mexico City, Tijuana, Guangzhou, New York, Singapore, Singapore Airlines ’ Singapore, Los Angeles, United States, Europe, Vancouver

☆ It isn't just Boeing that's bleeding billions — major US airlines are hemorrhaging cash too
▼ + stars: | 2024-04-26 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Southwest Airlines and American Airlines posted losses in the first quarter of 2024. On Thursday, Southwest Airlines and American Airlines reported losses in their quarterly earnings call. Southwest Airlines CEO Bob Jordan told CNBC the decision to cease flights had "nothing to do" with Boeing's aircraft delivery delays. AdvertisementRepresentatives for Southwest Airlines and American Airlines didn't immediately respond to a request for comment from BI sent outside regular business hours. "Near term, yes, we are in a tough moment," Boeing CEO Dave Calhoun said in a letter to employees on the same day.

Persons: It's, Bob Jordan, —, George Bush, Jordan, Robert Isom, I've, Isom, Isom's, Brian West, Dave Calhoun Organizations: Boeing, Airlines, Southwest Airlines, American Airlines, Southwest, Service, —, — Bellingham International, Cozumel International Airport, George, George Bush Intercontinental Airport, Syracuse Hancock International, CNBC, American, Bank of America Global Industrials Conference . West, BI, Max, Wednesday Locations: — Bellingham, Cozumel, Southwest, Oregon, California

☆ Boeing problems lead Southwest to drop service to four airports
▼ + stars: | 2024-04-25 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

“The recent news from Boeing regarding further aircraft delivery delays presents significant challenges for both 2024 and 2025,” said Southwest CEO Bob Jordan in the company’s first-quarter financial results statement. That incident prompted a three-week grounding of the Max 9, and will delay the certification of two new models of the plane, the 737 Max 7 and 737 Max 10, until at least next year. The cutbacks are the latest sign of the widening impact of the ongoing problems at Boeing throughout the air travel system. It announced Thursday that it has trimmed its order book to 19 of those jets, shifting to 737 Max 8 jets instead. Unlike all-Boeing Southwest, American’s fleet of mainline aircraft is split fairly evenly between those from Boeing and those from its rival Airbus.

Persons: Houston’s George, ”, Bob Jordan, replanning, Max, Robert Isom Organizations: New, New York CNN, Southwest Airlines, Boeing, Bellingham International Airport, Cozumel International, Syracuse Hancock International, Houston’s George Bush Intercontinental Airport, Alaska Airlines, American Airlines, Airbus, American Locations: New York, Bellingham, Washington state, Cozumel, Mexico, Syracuse, Southwest

☆ Southwest is leaving 4 cities this year as it deals with Boeing's 737 Max crisis — see the list
▼ + stars: | 2024-04-25 | by ( Taylor Rains | ) www.businessinsider.com time to read: +3 min

The airports losing Southwest service are:AdvertisementSyracuse Hancock International Airport in New York. Bellingham International Airport in Washington. Southwest also said it would "significantly restructure other markets," including putting capacity reductions at Hartsfield-Jackson Atlanta International Airport and Chicago O'Hare International Airport. Related stories"To improve our financial performance, we have intensified our network-optimization efforts to address underperforming markets," Southwest CEO Bob Jordan said in the earnings report, noting the impact could go into 2025. The backlash has prompted Boeing CEO Dave Calhoun to announce his resignation from the company, effective at the end of the year.

Persons: —, George Bush, Boeing's Max, Max, Bob Jordan, Jordan, Dave Calhoun, Boeing's, Larry Kellner, Stan Deal, Stephanie Pope, Sam Salehpour Organizations: Service, Boeing, Max, Southwest Airlines, Business, Southwest, Syracuse Hancock International, Bellingham International Airport, Cozumel International, George Bush Intercontinental Airport, Alaska Airlines, Hartsfield, Jackson Atlanta International Airport, Chicago O'Hare International, Ryanair, United Airlines, Boeing Commercial Locations: New York, Bellingham, Washington, Cozumel, Mexico, Houston, Southwest, Alaska

☆ Southwest loss widens, airline warns Boeing airplane delays will hit growth into 2025
▼ + stars: | 2024-04-25 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

A Southwest commercial airliner takes off from Las Vegas International Airport in Las Vegas, Nevada, U.S., February 8, 2024. Southwest Airlines on Thursday posted a wider loss for the first quarter than the same period last year and warned that Boeing's airplane delays will hamper its growth into 2025. "The recent news from Boeing regarding further aircraft delivery delays presents significant challenges for both 2024 and 2025. Adjusting for one-time items, including costs related to labor contracts and fuel, Southwest lost $218 million, or 36 cents a share. Correction: Southwest Airlines revenue of $6.33 billion came in slightly below analysts' estimates as compiled by LSEG.

Persons: George Bush, Bob Jordan, replanning, LSEG Organizations: Las Vegas International, Southwest Airlines, Boeing, Max, Bellingham International Airport, Cozumel International, Southwest, LSEG . Locations: Las Vegas , Nevada, U.S, Syracuse , New York, Bellingham, Washington, Cozumel, Dallas

☆ Southwest Quits Four Airports in Cost-Cutting Drive
▼ + stars: | 2024-04-25 | by ( J. Edward Moreno | More About J. Edward Moreno | ) www.nytimes.com time to read: +1 min

Southwest Airlines is ceasing operations at four airports, and reducing flights from others, in an effort to cut costs after its growth plans were curtailed by fewer than expected plane deliveries from Boeing. The airline, which flies only Boeing 737 planes, said on Thursday that delays from the embattled aircraft manufacturer were behind its struggles. Southwest reported a loss of $231 million for the first quarter, worse than analysts expected, sending its share price down 10 percent in early trading. To cut costs because of its curtailed growth plans, Southwest said it would cease operations at four airports from early August: Bellingham International Airport in Washington State, Cozumel International Airport, George Bush Intercontinental Airport in Houston, and Syracuse Hancock International Airport. It would also “significantly restructure” its flights from other airports, most notably by reducing flights at Hartsfield-Jackson Atlanta International Airport and Chicago O’Hare International Airport.

Persons: George Bush Organizations: Airlines, Boeing, Bellingham International Airport, Cozumel International Airport, George, George Bush Intercontinental Airport, Syracuse Hancock International, Hartsfield, Jackson Atlanta International Airport, Chicago O’Hare International, Max, Alaska Airlines Locations: Bellingham, Washington State, Cozumel, Houston

☆ Ukraine uses long-range ATACMS against Russia for the first time
▼ + stars: | 2024-04-24 | by ( Courtney Kube | ) www.cnbc.com time to read: +2 min

The first strike was about 100 miles inside Crimea's border on the morning of April 17, targeting a Russian military airfield, according to the officials. The Biden administration has not previously acknowledged sending ATACMS to Ukraine, but a National Security Council spokesperson confirmed that the U.S. has provided them. The NSC spokesperson said the administration did not reveal at the time that it was sending Ukraine the long-range missiles for operational security reasons. President Joe Biden directed his national security team to send the ATACMS to Ukraine secretly, the spokesperson said. The powerful missiles have a range up to 300 kilometers (about 187 miles) and allow Ukraine to strike the Russian military throughout Crimea and in occupied parts of eastern Ukraine that had been difficult to reach.

Persons: Biden, ATACMS, Joe Biden, Kostiantyn Liberov Organizations: South Korean Defense Ministry, U.S, MGM, Tactical Missile, South, Getty, Russian, Army Tactical Missile, National Security, NSC, Armed Forces Locations: U.S, South Korea, East Coast , South Korea, Ukraine, Crimea's, Russian, Ukrainian, Berdyansk, Zaporizhzhia Oblast, Crimea

☆ North Korea claims it tested new command-and-control system in simulated nuclear counterstrike
▼ + stars: | 2024-04-23 | by ( Brad Lendon | ) edition.cnn.com time to read: +4 min

Seoul, South Korea CNN —North Korea claims it tested a new nuclear weapons command-and-control system Monday, with the firing of projectiles carrying simulated nuclear warheads from multiple rocket launcher units. North Korea has tested both the rocket launcher system and a simulated nuclear counterstrike before, according to analysts, but KCNA said Monday’s exercise was the first time the “Haekbangashoe” – or nuclear trigger – command-and-control system was used, demonstrating what it claimed was an ability to switch rocket launchers from conventional to nuclear weapons. Though the regime’s true capabilities have not been independently verified, a 2017 report from the US Defense Intelligence Agency concluded North Korea had likely achieved its key goal of miniaturization. Images supplied by North Korea Monday showed four rockets being launched, with KCNA saying they hit targets on an island 352 kilometers (218 miles) away. The US-South Korea exercise has “incited extreme war fever” and cannot be classified as defense or deterrence, the KCNA report said.

Persons: Kim Jong Un, KCNA, Kim, ”, Jeffrey Lewis, James Martin, Joseph Dempsey, ” Dempsey, Kim ramped Organizations: South Korea CNN, Korean Central News Agency, James, James Martin Center, Nonproliferation Studies, International Institute for Strategic Studies, US Defense Intelligence Agency, miniaturization, North Korea, Korea’s, Chiefs, Staff, Korea, US Air Force Locations: Seoul, South Korea, Korea, United States, North Korea, denuclearization, Washington, U.S

☆ Russia's hunted A-50 command planes are its eyes over Ukraine. Here's how it compares to the Boeing E-3 Sentry.
▼ + stars: | 2024-04-17 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +13 min

Ukraine's most significant aircraft kills in 2024 are two Russian A-50 command planes. AP PhotoThe MainstayAEW&C aircraft are aerial radar stations meant to detect and track enemy weapon systems — namely aircraft, missiles, and naval ships. An E-3 Sentry takes off at Nellis Air Force Base in Nevada in January 2024. Last November, the Russians threatened to destroy a French Air Force E-3 that was operating over the Black Sea in what a French military spokesman described as "a particularly aggressive radio exchange." AdvertisementLast year, the US Air Force announced that it had selected the Boeing E-7 Wedgetail as the E-3's intended replacement.

Persons: —, Tupolev, William R, Park Chung, hee, Anwar Sadat, Joseph Barron, hasn't, Benjamin Brimelow Organizations: Service, Russian Aerospace Forces, Soviet Union, Machulishchy, State TV, Radio Company, AP, Western Allies, Beriev, Ilyushin, NATO, Nellis Air Force Base, US Air Force, System, Boeing, Air, Air Force, North American Aerospace Defense Command, NORAD, Saudi, Royal Air Force, Control Force, NATO Air Base, U.S . Air Force KC, US Air Force Ukraine, Ukrainian Air Force, Allied, French Air Force, Global Affairs, Fletcher School of Law, Diplomacy, Business, Modern, Institute Locations: Russian, Ukraine, Soviet, Minsk, Belarus, Ukrainian, USSR, China, India, Turkey, Chechnya, Georgia, Syria, Syrian, Nevada, American, Latin America, South Korea, Egypt, Saudi Arabia, Iran, Iraq, France, Chile, NATO, Germany, Europe, Azov, Russia, Poland, Romania, Australia, West

☆ Planet Fitness shares fall as company announces new CEO, though analysts see upside
▼ + stars: | 2024-04-16 | by ( Brandon Gomez | ) www.cnbc.com time to read: +1 min

Planet Fitness announced Tuesday that Colleen Keating will take over as the fitness club's new CEO, effective June 10. Craig Benson, who has been serving as interim CEO since the departure of Chris Rondeau in September, will remain on the board of directors. The announcement comes after months of searching, and some analysts are calling it a positive for the stock, despite shares falling more than 3% following the announcement. Keating has 30 years of experience in large-scale operations and franchise management, as well as leadership in global consumer-facing operations across hospitality, real estate, operations and franchise management. She previously held leadership roles at InterContinental Hotels Group and Starwood Hotels & Resorts Worldwide Inc.

Persons: Colleen Keating, Craig Benson, Chris Rondeau, Piper Sandler, Korinne Wolfmeyer, Wolfmeyer, Keating Organizations: Fitness, New, FirstKey, InterContinental Hotels Group, Starwood Hotels, Resorts Worldwide Inc

Search resuls for: "Intercontinental"

25 mentions found