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☆ Comcast offers subscribers Peacock, Netflix and Apple TV+ bundle
▼ + stars: | 2024-05-14 | by ( Sara Salinas | In Saracsalinas | ) www.cnbc.com time to read: +1 min

Comcast said Tuesday it will introduce a streaming bundle for its cable, broadband and mobile subscribers, tying together Peacock, Netflix and Apple TV+ at a discounted rate. Comcast's offer follows a model similar to several bundles from Verizon : Its streaming bundle will be offered to existing Comcast subscribers, which could help prop up its pay-TV subscribers. The company lost 487,000 cable TV customers during the first quarter, Comcast reported during earnings on April 25. Peacock subscription plans start at $5.99 per month, though that's increasing to $7.99 per month this summer. Netflix plans start at $6.99 per month, and Apple TV+ costs $9.99 per month.

Persons: Peacock, Max, Comcast's, Brian Roberts, —, Kerry Caufield, Lillian Rizzo, Alex Sherman Organizations: Comcast, Netflix, Apple, Disney, Warner Bros . Discovery, Verizon, CNBC Locations: New York

☆ 11 U.S. cities where you need to earn over $200,000 to buy a typical home
▼ + stars: | 2024-04-09 | by ( Mike Winters | ) www.cnbc.com time to read: +2 min

You'll need to earn just over six figures to buy a typical home in the U.S. right now. San Jose is by far the most priciest place to buy a home, even among 10 other metro areas where qualifying income exceeds $200,000. Some of the wealthiest people in the U.S. live in cities like San Jose, San Francisco and Anaheim. In contrast to California's most expensive markets, the qualifying income needed to buy a typical home in the U.S. overall is $103,835. It's even cheaper in the Midwest and the South, where the qualifying income is $74,967 and $95,511, respectively.

Persons: NAR's Organizations: National Association of Realtors, Thousand Oaks, San, Housing Finance Agency, CNBC Locations: U.S, California, San Jose, Jose, Sunnyvale, Santa Clara , California, Anaheim, Santa Ana, Irvine , California, Francisco, Oakland, Hayward , California, Honolulu, Hawaii, Salinas , California, Diego, Carlsbad , California, Oxnard, Ventura , California, San Luis Obispo, Paso Robles , California, Angeles, Long, Glendale , California, Boulder , Colorado, Naples, Marco Island, Florida, San Francisco, Atherton, Midwest

Kevin Plank, founder of Under Armour, during a CNBC interview on "Mad Money" on Feb. 28, 2018. Under Armour announced on Wednesday that CEO Stephanie Linnartz is stepping down from her role just over a year after she started, and founder Kevin Plank will return as the brand's chief executive. Linnartz took over as Under Armour's CEO in February 2023 after spending nearly 30 years at Marriott International, most recently as its president. Plank will remain a director on Under Armour's board but will hand over the chair position to Mohamed El-Erian, chief economic advisor at Allianz, Pimco's parent company. In a statement, Linnartz said she feels "honored" to have served as Under Armour's CEO.

Persons: Kevin Plank, Armour, Stephanie Linnartz, Linnartz, Plank, Mohamed El, Stephanie Organizations: CNBC, Marriott International, Allianz, Armour's

☆ Read Your Way Through the San Francisco Bay Area
▼ + stars: | 2024-03-13 | by ( Leila Mottley | ) www.nytimes.com time to read: +1 min

Read Your Way Around the World is a series exploring the globe through books. The San Francisco Bay Area is anything but a monoculture. Go to San Francisco, hop across the Bay Bridge into Oakland, then head up into Richmond or down to Hayward, and the landscape around you — the people, the food, the particular cadence of walk and talk — will morph. The Bay Area is known for starting shit. The Bay Area is unafraid to be first.

Persons: —, Jack London’s, John Steinbeck’s Locations: San Francisco Bay, San Francisco, Oakland, Richmond, Hayward, John Steinbeck’s Salinas

☆ House GOP’s campaign boss sees Trump boost in pivotal swing districts
▼ + stars: | 2024-03-10 | by ( Manu Raju | ) edition.cnn.com time to read: +9 min

And so I think it’s a net positive.”Even if Trump is convicted of a felony, Hudson predicted it wouldn’t “have an impact” on his candidates in swing districts. There are a limited number of House districts truly at play in the 2024 elections – given many district lines are gerrymandered in a way to protect one party over the other. Democrats have their eyes set on the 17 Biden districts, which will take the race for the House from New York to California. A total of 170 Democrats voted against the legislation, accusing Republicans of exploiting the tragic death of a nursing student in order to score political points. “We’ve pretty much seen the Republicans, especially House Republicans, wait to hear from Trump in terms of deciding whether they even want to move legislation forward.

Persons: Donald Trump, Joe Biden, Trump, Biden, Richard Hudson, “ He’s, Hudson, ”, “ I’ll, Suzan, ” DelBene, “ That’s, Mike Lawler –, –, I’m, Tom Kean Jr, North Carolina –, ” Hudson, “ We’re, “, Riley, Gabe Vasquez, Pat Ryan, Andrea Salinas, Val Hoyle, Oregon, Laken Riley, “ They’re, Roe, Wade, Dobbs, DelBene, … we’ve, Laurie Buckhout, Don Davis, Republican David Valadao –, Mark Harris, Mark Robinson, Harris, Robinson, ” CNN’s Melanie Zanona, Christine Park Organizations: CNN — House Republican, GOP, ”, North Carolina Republican, CNN, Biden, Trump, Republican, Democratic Congressional, “, House Republican Party, Alaska –, Democrats, House, National Republican Congressional Committee, Republicans, House GOP, PAC, Congressional, Fund, Democrat, energize Locations: Washington, New York, United States, New Jersey, Trump, California, Maine, Alaska, Michigan, Louisiana, Alabama, North Carolina, New Mexico, Andrea Salinas of Oregon, Biden’s State

A person walks past an unpainted Boeing 737-8 MAX parked at Renton Municipal Airport adjacent to Boeing's factory in Renton, Washington on January 25, 2024. The company's 737 program head, Ed Clark, is leaving the company, Stan Deal, CEO of Boeing's commercial airplane unit, said in memo to employees. "Ed departs with my, and our, deepest gratitude for his many significant contributions over nearly 18 years of dedicated service to Boeing," Deal said. A month after the Alaska Airlines flight, Boeing said misdrilled holes on some Max planes would delay handovers of the aircraft to airlines. The door plug that blew out of the almost brand-new 737 Max 9 used for Alaska Airlines Flight 1282 has already brought increased scrutiny and restrictions from federal regulators.

Persons: Max, Ed Clark, Stan Deal, Katie Ringgold, Deal, Elizabeth Lund, Lund, Ed, it's Organizations: Renton Municipal Airport, Boeing, Alaska Airlines, National Transportation Safety, Federal Aviation Administration, Airbus, CNBC PRO Locations: Renton, Renton , Washington, Alaska, United

Sports streaming platform FuboTV is suing Disney , Fox and Warner Bros. Discovery over their recently announced joint venture, citing what the company calls "extreme suppression of competition in the U.S. sports-focused streaming market," according to a copy of the lawsuit obtained by CNBC. The joint venture, announced earlier this month, aims to offer viewers a new way to access marquee live sports. "These horizontal competitors are colluding to create a JV that will cause substantial harm to competition and consumers," the complaint reads. A spokesperson for the joint venture declined to comment.

Persons: David Gandler Organizations: Disney, Fox, Warner Bros, Discovery, CNBC, JV, ESPN, Hulu Locations: U.S

☆ Deflation: Here's where prices fell in January 2024, in one chart
▼ + stars: | 2024-02-14 | by ( Greg Iacurci | ) www.cnbc.com time to read: +6 min

These are the big deflationary factors"A lot of factors have come together to push goods prices down," said Mark Zandi, chief economist at Moody's Analytics. In addition to normalizing supply-demand dynamics, a historically strong U.S. dollar relative to other global currencies has also helped rein in goods prices, Zandi said. Falling energy prices have also put downward pressure on goods prices, due to lower transportation and energy-intensive manufacturing costs, economists said. Lower energy prices also put downward pressure on the transportation of food to store shelves. Consumers get more for roughly the same amount of money, which shows up as a price decline in the CPI data.

Persons: RC Willey, George Frey, Jay Bryson, there's, Mark Zandi, Zandi, rebalancing, J.P, Hopper Organizations: RC, Bloomberg, Getty, U.S . Bureau of Labor Statistics, Wells, Wells Fargo Economics, Moody's, U.S . Federal, Services, Finance, Morgan's, Investment, Group, of Labor Statistics Locations: Draper , Utah, Wells Fargo, U.S, Salinas, California

☆ JetBlue shares jump 15% as activist Carl Icahn reports stake and calls shares undervalued
▼ + stars: | 2024-02-12 | by ( Sara Salinas | In Saracsalinas | ) www.cnbc.com time to read: +2 min

Activist investor Carl Icahn on Monday reported a nearly 10% stake in JetBlue Airways , saying the airline stock is undervalued. Shares of JetBlue spiked more than 15% in extended trading. Icahn amassed the stake in a series of purchases in January and February, according to regulatory filings. He has had plans to continue discussions with the company "regarding the possibility of board representation," the records said. JetBlue has been cutting costs and working to improve operations in an effort to return to profitability after a post-Covid travel surge and a blocked merger with budget carrier Spirit Airlines.

Persons: Carl Icahn, Icahn, Joanna Geraghty, —, John Melloy, Leslie Josephs Organizations: JetBlue Airways, JetBlue, Icahn, TWA, Spirit Airlines, NYSE Arca, CNBC PRO

A general view of Super Bowl signage displayed in the NFL Super Bowl Experience ahead of Super Bowl LVIII on February 06, 2024 in Las Vegas, Nevada. Super Bowl 58 kicks off at 6:30 p.m. The Super Bowl is advertising's biggest stage, with companies jockeying for a limited supply of spots to get their products in front of millions of consumers. Even as linear ad revenue slips, companies know there's no opportunity guaranteed to reach more people than the Super Bowl. — Amelia Lucas, Michael Wayland, Micah Washington, Gabrielle Fonrouge, Lorie Konish, Drew Richardson and Jordan Novet contributed to CNBC's Super Bowl coverage.

Persons: Bob Iger, Jason Momoa, Quinta Brunson, Jenna Ortega, Tina Fey, Kate McKinnon, Pete Davidson, Addison Rae, Usher, — Amelia Lucas, Michael Wayland, Micah Washington, Gabrielle Fonrouge, Lorie Konish, Drew Richardson, Jordan Novet Organizations: NFL, Super, AFC, Kansas City Chiefs, NFC, San Francisco 49ers, Disney, CBS Locations: Las Vegas , Nevada, Las Vegas, U.S

GREEN RIVER, Utah (AP) — A plan to extract lithium — the lustrous, white metal used in electric vehicle batteries — in southeast Utah is adding to an anxiety familiar in the arid American West: how the project could affect water from the Colorado River. The company has also acquired rights to freshwater from the Green River nearby, leading to questions about how groundwater and river water are connected, and how its plans to produce lithium could affect the environment. The Green River is a tributary of the Colorado River, the over-tapped powerhouse of the West upon which 40 million people rely. So far, Anson has acquired rights for 2,500 acre-feet of water from the Green River. “There’s a difficulty turning anything down in a community like Green River,” he said.

Persons: ”, Lauren Wood, Anson, “, ” Anson, Bruce Richardson, Michael McKibben, Ren Hatt, Gayna, Salinas Organizations: Anson Resources, University of California, Interior Department, Land Management, . Department, ExxonMobil, Associated Press, Walton Family Foundation, AP Locations: GREEN, , Utah, Utah, Colorado, An Australian, Utah , Colorado , New Mexico, Arizona, Green, Green River , Utah, Anson, U.S, Riverside, Argentina, Qinghai, China, Arkansas, Nevada, Amargosa, Las Vegas, , Nevada, Australia, Chile, Gayna Salinas, “, America

☆ California braces for a stronger atmospheric river this weekend
▼ + stars: | 2024-02-03 | by ( Allison Chinchar | Sara Tonks | ) edition.cnn.com time to read: +4 min

CNN —A stronger and longer-lasting atmospheric river event is set to hit California this weekend, bringing a considerable risk for flash flooding, mudslides, damaging winds, and heavy mountain snow. Nearly 40 million people are under flood watches including San Francisco, Sacramento, Los Angeles, and San Diego. In Southern California, widespread rainfall totals of 3 to 6 inches are expected – more than a month’s worth of rain for most. A more widespread Level 2 exists for much of coastal California including San Francisco down through Los Angeles. On Monday, the Level 3 of 4 risk expands farther south to include Los Angeles.

Persons: Taylor Ward Organizations: CNN, National Weather Service, Los Angeles International Airport, Crescent, Santa Barbara, Los Angeles ., NWS, Sierra, Yosemite National Locations: California, San Francisco , Sacramento, Los Angeles, San Diego, Santa Cruz, Big Sur, Southern California, Sacramento, Eureka, Crescent City, Santa, Oxnard, Sunday, San Francisco, Redding, Jose, Salinas, Reno , Nevada, Nevada, Mono County, Reno, Mammoth

The annual ritual is a point of local pride even as Eagle Pass draws wide attention for a showdown between Texas Gov. A few hours later, about 200 advocates were in a festive mood in the nearby town of Quemado ahead of a “Take Back Our Border” rally on Saturday. U.S. Border Patrol agents are denied entry. Eagle Pass, with about 30,000 people, has become a major corridor for illegal crossings in recent years, making it a target for Abbott's enforcement. The Biden administration told the Supreme Court that “Texas has effectively prevented Border Patrol from monitoring the border” at Shelby Park.

Persons: Rolando Salinas, Greg Abbott, Biden, ” Salinas, Connie Hinton, Valeria Wheeler, Alejandro Mayorkas, Mayorkas, Del, Jorge Barrera, ” Barrera, Ken Paxton, “, Donald Trump, MAGA, ” Julio Vasquez, Iglesia Luterana, ” Alicia Garcia, Shelby, ”, Garcia, Elliot Spagat, Paul Weber Organizations: PASS, ” Cowboys, San Antonio Stock, Texas Gov, La Cabalgata Internacional, Border, Republican, Democratic White House, Border Patrol, . Homeland, Associated Press, Visitors, of Commerce, ”, Texas National Guard, Supreme, Patrol, Eagle Locations: Texas, Eagle, Piedras Negras, Mexico, United States, La Cabalgata Internacional La Grande, Quemado, Austin , Texas, Virginia, Rio Grande, U.S, Del Rio , Texas, Del Rio, Tucson , Arizona, San Diego, California, Shelby Park, “ Texas, Shelby, Iglesia Luterana San Lucas

☆ Paramount CEO announces layoffs as cost pressures, take-private talks build
▼ + stars: | 2024-01-25 | by ( Sara Salinas | In Saracsalinas | ) www.cnbc.com time to read: +2 min

Paramount CEO Bob Bakish announced layoffs at the media company Thursday, citing a need to "operate as a leaner company and spend less." Paramount did not immediately disclose how many jobs the company would cut. The company reports quarterly earnings at the end of February and plans to elaborate on its 2024 strategy then. The cuts come as a range of companies in the media industry and beyond announce layoffs while they push to trim costs. The layoffs also come as David Ellison's Skydance Media explores a deal to take Paramount private, CNBC reported Wednesday.

Persons: Bob Bakish, Bakish, David Ellison's Skydance Organizations: Paramount, Los Angeles Times, Business, Sports, CNBC, Hollywood, CNBC PRO

BROWNSVILLE, Texas (AP) — After Texas fenced off a park along the U.S.-Mexico border and began turning away Border Patrol agents, Republican Gov. He relayed frustration over migrants illegally entering the U.S. through the border city of Eagle Pass and federal agents loading them onto buses. The weekend deaths once again escalated tensions between Texas and the Biden administration. Border Patrol must have access to the border to enforce our laws,” White House spokesman Angelo Fernández Hernández said in a statement Sunday. “However, the bottom line is that Border Patrol was barred from entering Shelby Park,” Cuellar said in a statement.

Persons: Greg Abbott, ” Abbott, ‘ We’ve, We’re, ’ ” Abbott, “, Biden, ”, Angelo Fernández Hernández, Abbott, Henry Cuellar, ” Cuellar, Rolando Salinas, Melissa R, Cigarroa, ___ Stengle, Paul J, Weber, Mark Stevenson Organizations: —, Border Patrol, Republican Gov, U.S . Department of Homeland Security, Border, Texas Military Department, Lone Star, Migrants, Rio Grande . U.S . Rep, Democrat, ”, ” Texas Military Department, of Public Safety, Eagle Pass, Justice Department, U.S, Supreme, Shelby, Democratic, Wall Coalition, National Guard, Associated Press Locations: BROWNSVILLE , Texas, — After Texas, U.S, Mexico, Houston, Eagle, Texas, Rio Grande, Shelby, Rio Grande . U.S, ” Texas, . Texas, Laredo, Dallas, Austin, Mexico City

An Alaska Airlines Boeing 737 Max 9 aircraft is grounded at Los Angeles International Airport in California on Jan. 8, 2024. The FAA grounded dozens of the jets following that Alaska Airlines incident, and Boeing on Monday issued instructions for inspecting the jets, which were approved by the FAA. Upon receiving the revised version of instructions from Boeing the FAA will conduct a thorough review," the FAA said in a statement Tuesday. "Every Boeing 737-9 Max with a plug door will remain grounded until the FAA finds each can safely return to operation," the agency said. "The safety of the flying public, not speed, will determine the timeline for returning the Boeing 737-9 Max to service."

Persons: Max Organizations: Alaska Airlines Boeing, Max, Los Angeles International, Aircraft, Boeing, Alaska Airlines, United Airlines, Federal Aviation Administration, FAA, National Transportation Safety Board, NTSB, CNBC PRO Locations: California, Alaska, Washington, Oregon

Robin Hayes, CEO of JetBlue Airways, speaks to guests following the airline's inaugural flight from John F. Kennedy Airport in New York to London Heathrow Airport in London on Aug. 12, 2021. JetBlue CEO Robin Hayes will step down next month, the company said Monday. The airline's chief operating officer, Joanna Geraghty, will take the helm. Hayes, a more than three-decade airline industry veteran, cited the high-pressure nature of the job in announcing his resignation via a company statement. "It's bittersweet to retire from this airline I love, but I will always feel a part of the JetBlue team and be rooting for its continued success," Hayes said.

Persons: Robin Hayes, John F, Joanna Geraghty, Hayes, Geraghty Organizations: JetBlue Airways, Kennedy, London Heathrow Airport, JetBlue, Spirit Airlines, U.S . Department of Justice Locations: New York, London, Delta, Boston

☆ 11 U.S. cities where you need to earn more than $200,000 to buy a home
▼ + stars: | 2023-11-17 | by ( Mike Winters | ) www.cnbc.com time to read: +2 min

You'll need to make over $200,000 annually to afford a home in some California cities, a recent National Association of Realtors report reveals. Perhaps unsurprisingly, cities that require the highest income are large urban coastal hubs where homes tend to be more expensive. In California, homes are both desirable and scarce, which is why the state has some of the highest home prices in the U.S. Here are the 11 metro areas where households need to earn over $200,000 to afford a median-priced home. Similarly, homes in smaller rust belt and rural cities are much cheaper compared with some cities in California.

Persons: Warren Buffett Organizations: National Association of Realtors, Thousand Oaks, San Locations: California, San Jose, Sunnyvale, Santa Clara , California, Anaheim, Santa Ana, Irvine , California, Francisco, Oakland, Hayward , California, Honolulu, Hawaii, Diego, Carlsbad , California, Salinas , California, Oxnard, Ventura , California, Angeles, Long, Glendale , California, San Luis Obispo, Paso Robles , California, Boulder , Colorado, Naples, Marco Island, Florida, Decatur , Illinois, Charleston , West Virginia, Erie , Pennsylvania, Youngstown , Ohio

☆ How an F1 spending cap made racing teams more investable
▼ + stars: | 2023-11-16 | by ( Sara Salinas | In Saracsalinas | ) www.cnbc.com time to read: +1 min

That's how the heads of Formula 1 racing see it, crediting a league-wide budget cap with making the team businesses more sustainable and boosting valuations. "When we got involved, literally, the bottom teams were being traded for zero. The budget cap — set at $135 million per team in 2023 — limits how much teams can spend on developing and building their race cars. Before it was introduced in 2021, the top teams in the league could spend multiples of that in a given year. It's a model similar to U.S. sports leagues, several of which limit what teams can spend on player salaries (though F1 driver salaries are excluded) — and it's the work of F1-owner Liberty Media, which bought the league in 2017.

Persons: Greg Maffei, CNBC's Sara Eisen, It's, Maffei Organizations: Liberty Media Locations: U.S

☆ FAA clears SpaceX to launch second Starship flight
▼ + stars: | 2023-11-15 | by ( Sara Salinas | In Saracsalinas | ) www.cnbc.com time to read: 1 min

The SpaceX Starship lifts off from the launchpad during a flight test from Starbase in Boca Chica, Texas, on April 20, 2023. The Federal Aviation Administration has cleared Elon Musk's SpaceX to launch the second spaceflight attempt of its towering Starship rocket, the agency said Wednesday. The company needed approval from the FAA pending an environmental review led by the FAA and the U.S. Musk said earlier this week he expected to receive clearance to attempt another launch as early as this week. Please check back for updates.

Persons: Musk Organizations: SpaceX, Federal Aviation Administration, Elon, FAA, U.S . Fish, Wildlife Service Locations: Starbase, Boca Chica , Texas, U.S

☆ Argentina's conservatives gamble for survival on odd couple Milei and Macri
▼ + stars: | 2023-11-15 | by ( Lucila Sigal | ) www.reuters.com time to read: +5 min

Luis Robayo/Pool via REUTERS/File Photo Acquire Licensing RightsBUENOS AIRES, Nov 15 (Reuters) - Javier Milei shot to prominence lambasting Argentina's traditional political elite. Now the radical presidential election frontrunner is the mainstream conservatives' best shot at clinging onto power. If Milei loses, it could precipitate the fracturing of the conservative coalition between more right-wing and moderate wings. "There may be some Milei voters who get angry at an alliance with the 'caste', just as there may be Macri voters who get angry at an alliance with Milei," said Fornoni. "We don't know today what power Macri will have, if Macri will end up absorbing Milei or Milei absorbing Macri.

Persons: Javier Milei, Luis Robayo, Sergio Massa, Milei, Mauricio Macri, Patricia Bullrich, Donald Trump, Shila Vilker, Trespuntozero, Mariel Fornoni, GAMBLE, Massa, Pope Francis, Milei's, Macri, it's, Ezequiel Salinas, Fornoni, Lucila Sigal, Nicolás Misculin, Adam Jourdan, Rosalba O'Brien Organizations: Argentine, La Libertad, University of Buenos, Law School, Peronist, Management, Bullrich, Reuters, Milei, Thomson Locations: University of Buenos Aires, Buenos Aires Argentina, BUENOS AIRES, China, Candelaria

Red Bull Racing's dominance in Formula 1 this year is translating directly to higher sales of its namesake energy drink, the team's principal and CEO, Christian Horner, told CNBC. The Red Bull team, which also counts tech giant Oracle as a title sponsor, has trounced the grid this season, winning 19 of the 20 Grand Prix weekends so far. The Red Bull team secured the constructors championship the weekend prior, in Japan. Red Bull declined to share specific sales metrics, but a company spokesperson reiterated the F1 "uplift" and said it's particularly noticeable in corresponding race markets. It's incredible the amount of consumption of Red Bull that is happening," Horner told CNBC.

Persons: Bull, Christian Horner, Horner, CNBC's Sara Eisen, Max Verstappen, Sergio Perez, Verstappen, Red Bull Organizations: CNBC, Red Bull Locations: Saudi Arabia, Azerbaijan, Qatar, Japan, Las Vegas, Abu Dhabi, Red

MEXICO (AP) — The company run by Mexican TV, retail and banking magnate Ricardo Salinas Pliego said Tuesday it had failed to reach agreement with bondholders in the United States who are owed tens of millions of dollars in past-due payments. Salinas Pliego's TV Azteca company issued a statement Tuesday saying it needed a restructuring of bonds that come due in 2024 because business was so bad. According to the company statement, the bondholders wanted $105 million paid when a deal was reached, in exchange for a restructuring that would grant a six-year extension to 2030 on full repayment. TV Azteca offered a $45 million initial payment and a mix of six- and eight-year extensions on the bonds’ due dates. Salinas Pliego, who describes himself as "Bitcoin holder, businessman, Libertarian,” has developed a following on social media for his incendiary attacks on political and public figures.

Persons: Ricardo Salinas Pliego, Salinas Pliego, Pliego, ” Organizations: Salinas, TV Azteca Locations: MEXICO, Mexican, United States, U.S, Salinas, New York City, Mexico

☆ India to get electric air taxis in 2026 via InterGlobe, Archer venture
▼ + stars: | 2023-11-09 | by ( Chris Thomas | ) www.reuters.com time to read: +2 min

[1/4] Midnight, an all-electric aircraft from company Archer Aviation, is seen at the Salinas Municipal Airport in Salinas, California, U.S. August 2, 2023. REUTERS/Carlos Barria/File Photo Acquire Licensing RightsBENGALURU, Nov 9 (Reuters) - InterGlobe Enterprises, which backs India's top airline IndiGo, and U.S.-based Archer Aviation (ACHR.N) will launch an all-electric air taxi service in India in 2026 that will be "cost-competitive" with on-road services, the companies said Thursday. The companies said that a trip that typically takes 60 to 90 minutes by car in Delhi, for example, will take about 7 minutes in an air taxi. InterGlobe Enterprises, which owns nearly 38% of IndiGo-parent InterGlobe Aviation (INGL.NS) as well as hospitality and logistics businesses, also plans to use the e-aircraft for cargo, logistics, medical, emergency and charter services. Archer secured a $142 million-deal from the U.S. Air Force in July to provide six Midnight aircraft and said in October it would launch an air taxi service in the UAE.

Persons: Carlos Barria, Archer, Archer Aviation's, InterGlobe Aviation's, Chris Thomas, Savio D'Souza Organizations: Archer Aviation, Salinas Municipal Airport, REUTERS, Rights, InterGlobe Enterprises, IndiGo, Chrysler, Boeing, United Airlines, InterGlobe Aviation, U.S . Air Force, Midnight, Thomson Locations: Salinas, Salinas , California, U.S, India, Delhi, Mumbai, Bengaluru, UAE

An armed group ambushed and killed more than a dozen law enforcement officers in southwestern Mexico on Monday, including a local security secretary and a police chief, adding to a soaring number of deadly attacks against the police in the region. Guerrero is now the second most dangerous state in Mexico for law enforcement officers, with more than 34 killed so far in 2023, according to Common Cause, a Mexico-based organization tracking the killings of police officers in the country. The group said more than 340 police officers had been killed so far this year in the nation, and more than 400 killed last year. Mr. López Obrador has said much of the violence in the nation is because of the United States’ inability to prevent guns from being trafficked south into Mexico. Leaders from both countries discussed the roots of such violence during high-profile meetings in Mexico City this month.

Persons: Coyuca de Benítez, Alfredo Alonso López, Honorio Salinas, Guerrero, Andrés Manuel López Obrador, López Obrador Organizations: United Locations: Mexico, Coyuca de, Mexican, Guerrero, Honorio Salinas Garay, United States, Mexico City

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