Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Virgin"


25 mentions found


Virgin Atlantic completes $230 million sale and leaseback of two Boeing 787s
  + stars: | 2021-01-15 | by ( Reuters Staff | ) www.reuters.com sentiment -0.97   time to read: 1 min
FILE PHOTO: Virgin Atlantic's planes are seen parked at Manchester Airport, following the outbreak of the coronavirus disease (COVID-19), Manchester, Britain, May 9, 2020. REUTERS/Phil NobleLONDON (Reuters) - British airline Virgin Atlantic said on Friday it had completed the sale and leaseback of two Boeing 787s as part of a plan to strengthen its balance sheet. The deal with Griffin Global Asset Management to raise just over $230 million from the two planes will enable it to repay a loan taken on as part of its rescue deal last year.
Persons: Phil Noble LONDON Organizations: Manchester Airport, REUTERS, British, Virgin Atlantic, Boeing, Griffin Global, Management Locations: Manchester, Britain
A member of the Judiciary Committee, he worked on the House’s first impeachment of Trump in December 2019 and helped draft the impeachment article the House passed against the president this week. DAVID CICILLINECicilline worked on Trump’s first impeachment and was involved in drafting the article of impeachment this week. JOAQUIN CASTROCastro, 46, is a member of the House Intelligence Committee, which held many of the hearings behind closed doors investigating Trump’s first impeachment in 2019. ERIC SWALWELLSwalwell is on the House Intelligence and Judiciary committees and was involved in investigating Trump’s first impeachment. He is a co-sponsor of the article of impeachment that the House approved Wednesday, along with Raskin and Cicilline.
Persons: Nancy Pelosi, Donald Trump, Jami Raskin, Joshua Roberts, Pelosi, JAMIE RASKIN, Raskin, Trump, DIANA DEGETTE, DeGette, DAVID CICILLINE Cicilline, Trump’s, JOAQUIN CASTRO Castro, Julio, ERIC SWALWELL Swalwell, Lieu, General’s, Cicilline, STACEY PLASKETT Stacey Plaskett, JOE NEGUSE Neguse, MADELEINE DEAN Dean Organizations: WASHINGTON, U.S . House, U.S, Capitol, REUTERS, Washington’s American University ., Committee, DAVID, District of Columbia, House Intelligence Committee, Democratic, House Intelligence, TED, Air Force, General’s Corps, Air Force Reserve, Department of Justice, LaSalle University Locations: Washington , U.S, Maryland, DeGette, Colorado, Providence , Rhode Island, Texas, U.S, Virgin, Congress, Bronx, New York City, Africa, Pennsylvania
RV rental platform Outdoorsy is set to hit $1 billion in sales next month. RV rental platform Outdoorsy is set to reach $1 billion in sales next month after seeing an outstanding year during the coronavirus pandemic, the company announced on Thursday. "Millennials built Uber, and now millennials are building Outdoorsy," Cavins said. According to Cavins, the impending milestone is like "selling your one-billionth Big Mac" and is "a testament to the success of the entrepreneurship that's happening on the platform," Cavins said. Prior to joining the road travel company, Eldridge was at the insurtech group Metromile for seven years, leading its "platform, product, and mobile development."
Persons: Outdoorsy, Jeff Cavins, RVs, Cavins, millennials, Outdoorsy's, Millennials, They've, they've, Read, Slack, Kevin Swint, Swint, Airbnb, Ryan Eldridge, Eldridge Organizations: Liberty Mutual, Allstate, Progressive, Virgin Galactic, Walt Disney Company, Disney, Apple, Roamly Locations: Airbnb, Colorado, Outdoorsy, London, Swint
Blue Origin, the rocket company founded by Jeff Bezos, plans to attempt the 14th flight of its New Shepard rocket system on Thursday morning from West Texas. Blue Origin plans to stream live video of the launch attempt via YouTube starting around 11:30 a.m. EST on Thursday ahead of a 11:57 a.m. EST liftoff. Blue Origin plans to broadcast live footage of the launch, embedded via YouTube below, starting around 11:30 a.m. EST. Blue OriginHowever, the space analytics firm Astralytical predicted this week that Blue Origin likely won't begin passenger service anytime soon. This will allow Blue Origin to reuse the rocket for future missions, saving millions of dollars.
Persons: Jeff Bezos, Sara Blask, Tom Cruise, Eric Berger, Ars, Richard Branson, bode, Berger, Shepard, Bezos, Laura Forczyk, Bask, Dave Mosher Organizations: Shepard, YouTube, Amazon, Van Horn , Texas ., Business, Virgin, New Shepard Locations: West Texas, Van Horn , Texas
Virgin Galactic, Maxar Technologies — Shares of the space stocks jumped on news that Cathie Wood's Ark Invest is launching a space-exploration ETF. Shares of commercial spaceflight pure play Virgin Galactic surged 16% and satellite communications stock Maxar Technologies jumped 27%. Chipotle Mexican Grill — Shares of the restaurant chain gained 3% after RBC upgraded the stock to outperform from sector perform. GameStop – The video game company's stock soared another 17% after a 57% rally in the previous session. The company's ecommerce sales jumped nearly 61% year over year.
Persons: General Motors, Nordstrom, Chewy, Ryan Cohen, Bob Swan, Pat Gelsinger, Gelsinger, Morgan Stanley, Cowen, Ethan Allen, Ethan Allen's, FactSet Organizations: Virgin Galactic, Maxar Technologies, Delta Air Lines, Delta, General, Investment, Argus, RBC, BlackRock –, BlackRock, GameStop, Intel –, Wall Street, VMWare, BMO, Signet
US stocks ended Thursday lower as investors digested a surge in weekly jobless claims. The weak jobs report could give fuel to Democrats passing a massive stimulus bill once President-elect biden is inaugurated. US stocks ended Thursday lower as investors digested a surge in weekly jobless claims. Jobless claims surged to 965,000 for the week that ended on Saturday, representing the biggest surge since March and the highest level since August. Economists had expected 800,000 jobless claims for the week.
Persons: biden, Bitcoin, Christine Lagarde, Tesla, , Virgin Galactic, Brent, GOLDMAN SACHS Organizations: Bell, Bloomberg, Comfort, Invest, Democratic, Democrats, European Central Bank, Virgin, Ark Invest, JPMorgan, West Texas Locations: Georgia, Wednesday's
She said was concerned about several Republicans not wearing masks while sheltering in a secure room during the insurrection. In the days since the insurrection, Democratic Reps. Pramila Jayapal, Bonnie Watson Coleman, Brad Schneider, and Adriano Espaillat have tested positive for COVID-19. Rep. Stacey Plaskett says she opted not to shelter with Republican colleagues who weren't wearing masks during the Capitol insurrection last week and instead chose to risk running into the mob as she sought safety elsewhere. Plaskett briefly went down to the room, but quickly realized several Republican lawmakers weren't wearing masks to help prevent the spread of COVID-19. Plaskett, a Democrat, isn't the only representative to raise concerns over Republicans in the House not wearing masks during the insurrection.
Persons: Stacey Plaskett, Pramila Jayapal, Bonnie Watson Coleman, Brad Schneider, Adriano Espaillat, Donald Trump, Plaskett, Buzzfeed, Susan Wild, Lisa Blunt Rochester, Coleman, Schneider, COVID Organizations: Buzzfeed, Democratic, Virgin Islands, Electoral College, Capitol, Democrat, Washington Post, Republican, NBC Chicago Locations: Virgin, COVID, Washington
MADRID (Reuters) - Shares in Telefonica soared on Wednesday after the Spanish group said it had agreed to sell its mobile phone masts in Europe and Latin America to American Towers for 7.7 billion euros ($9.41 billion) in cash. Slideshow ( 2 images )Telefonica’s Telxius division, partly owned by investment fund KKR and Zara owner Amancio Ortega’s investment vehicle, will hand over more than 30,000 mobile phone masts in Spain, Germany, Brazil, Peru, Chile and Argentina. U.S.-based American Towers will then lease the phone masts back to Telefonica, leaving the Spanish group only owning tower assets in Britain. Long-term income streams tied to inflation have turned towers into prized investment targets in a world of low returns. Proceeds from the American Towers deal include a capital gain of about 3.5 billion euros, Telefonica said.
Persons: Amancio, Josa Maria Alvarez, Pallete, Cellnex Organizations: Telefonica, American Towers, KKR, Zara, O2, Virgin Media, Brazilian, U.S ., Vodafone Locations: MADRID, Spanish, Europe, Latin America, American, Spain, Germany, Brazil, Peru, Chile, Argentina, U.S, Britain, America, Madrid, Frankfurt, Telxius, United States
ET Live Updates: House Set to Impeach Trump, After Pence Rejects Call to Strip His Powers Lawmakers said they would move to impeach the president on Wednesday, after formally calling on Vice President Mike Pence to use the 25th Amendment. In a letter to Speaker Nancy Pelosi before the House vote on Tuesday, Vice President Mike Pence rejected the possibility of invoking the 25th Amendment. Credit... Nicole Craine for The New York Times The House on Tuesday night formally called on Vice President Mike Pence to invoke the 25th Amendment and strip President Trump of his powers. With Democrats controlling the House, Mr. Trump is likely to become the first American president to be impeached twice. Other sites such as Snapchat, Reddit and Twitch also curtailed Mr. Trump.
Persons: Trump, Pence, Mike Pence, didn’t, Nancy Pelosi, Nicole Craine, Mr, Mitch McConnell of, Liz Cheney, , Kevin McCarthy of, Republicans —, , Chuck Schumer, McConnell, Biden’s, Nicholas Fandos, Jonathan Martin, Maggie Haberman, , Anna Moneymaker, ” “, Jamie Raskin, Adam Kinzinger of, Dan Bishop, Mitch McConnell, Joseph R, Biden, impeaching Trump, John Katko, Stefani Reynolds, Trump “, Fred Upton of, Jaime Herrera Beutler, ” Nicholas Fandos, Pelosi, Adam Schiff, Jerrold Nadler, Trump’s, Ms, Raskin, “ I’m, ” Mr, Diana DeGette of, David Cicilline, Joaquin Castro, Eric Swalwell of, Ted Lieu, Stacey Plaskett, Joe Neguse, Madeleine Dean of, ” Ms, Cheney, Luke Broadwater, Doug Mills, Donald J, Reddit, Twitch, Justin Sullivan, Peggy E, Gustafson, Steven Dillingham, Dillingham, you’ve, Organizations: Trump, The New York Times, Capitol, Republicans, Democrats, Republican, Capitol Police, Democratic, Senate, Power, Capitol . Credit, Lawmakers, IF ARTICLE, Trump loyalists, , United States Capitol, The New York, Intelligence Committee, Committee, University’s Washington College of Law, Air Force, United, YouTube, New York Times YouTube, Trump’s, Google, Facebook, Twitter, Bureau, Commerce, White, Census, Mr, American Locations: Mitch McConnell of Kentucky, Wyoming, United States, Kevin McCarthy of California, New York, Maryland, Adam Kinzinger of Illinois, North Carolina, Newark, Del, Republic, Fred Upton of Michigan, Illinois, California, Diana DeGette of Colorado, Rhode Island, Joaquin Castro of Texas, Eric Swalwell of California, Ted Lieu of California, Virgin, Colorado, U.S, Texas, Missouri
On Wednesday, the House of Representatives is expected to impeach President Donald Trump for the second time in his presidency. The House is impeaching Trump on one article of inciting an insurrection on the US Capitol on January 6. On Wednesday, the House of Representatives is expected to impeach President Donald Trump for the second time in his presidency. Trump was once before impeached by the House in December 2019 on charges of abusing his office and obstructing Congress before being acquitted in a Senate trial in February 2020. Andrew Johnson, Bill Clinton, and Trump in his first impeachment were impeached by the House but all acquitted in the Senate.
Persons: Donald Trump, impeaching Trump, Trump, Volodymyr Zelensky, Zelensky, Joe Biden, Hunter, Read, Mitch McConnell, Scott Applewhite, John Roberts, Trump's, didn't, Nancy Pelosi, Jamie Raskin, Dianna DeGette of, Ted Lieu, Eric Swalwell of, Madeleine Dean of, David Cicilline, Joaquin Castro, Del, Stacey Plaskett, Sen, David Perdue's, Jon Ossoff, Raphael Warnock of Georgia, Alex Padilla, Kamala Harris, Harris, McConnell, Andrew Johnson, Bill Clinton Organizations: Capitol, Trump, US Capitol, House, White, Burisma Holdings, GOP, Democrats, AP, Senate, Republican, Maryland, Virgin Islands, Republicans, Incoming Democratic, GOP Senators, New York Times, Congress Locations: Russia, Ukrainian, Ukraine, United States, Dianna DeGette of Colorado, Eric Swalwell of California, Rhode Island, Joaquin Castro of Texas, Virgin, California
“He should have immediately denounced the mob when he saw what was unfolding.” “These facts require immediate actions by President Trump,” he continued. A few Republicans defended him, but most others simply argued that a rush to impeach Mr. Trump without a hearing or an investigation raised constitutional questions. With Democrats controlling the House, Mr. Trump is expected to become the first American president to be impeached twice. Mayor Muriel Bowser of Washington sent a letter to Mr. Trump on Sunday asking for an emergency declaration to obtain additional funding for inauguration security. On Tuesday, a federal inspector general questioned an order to deliver the estimates before Mr. Trump leaves office, after whistle-blowers warned that the rush would imperil their accuracy.
Persons: Trump, Mitch McConnell, Jan, President Trump, , Anna Moneymaker, McConnell, Erin Schaff, Joseph R, Biden, Nancy Pelosi, Cedric L, Mr, Mitch McConnell of, Kevin McCarthy of, treaded, antifa, ” Mr, McCarthy, , Trump’s, Dan Newhouse, Mike Pence, Liz Cheney, Biden’s, Steny Hoyer, Jaime Raskin of, Adam B, Schiff, Hakeem Jeffires, “ Donald Trump, Steny H, Hoyer, “ I’ve, Ronald Reagan, George H.W, Bush, George Bush, Ilhan Omar, Cedric Richmond of, Joaquin Castro of, Jim Jordan of, “ It’s, It’s, I’ve, Tom McClintock of, Matt Gaetz, Guy Reschenthaler of, Reschenthaler, , Nancy Mace, Jaime Herrera Beutler, “ I’m, ” Nicholas Fandos, , T.J . Kirkpatrick, Hakeem Jeffries, grumbled, Jerrold Nadler, prevaricating, Pelosi, Zach Montague, Nicholas Fandos, Oliver Contreras, Pence, ” “, Jamie Raskin, Adam Kinzinger of, Dan Bishop, impeaching, Chip Somodevilla, John Katko, Trump “, Fred Upton of, Herrera Beutler, Newhouse, chiding, Glenn Thrush, Adam Schiff, Ms, Raskin, Diana DeGette of, David Cicilline, Joaquin Castro, Eric Swalwell of, Ted Lieu, Stacey Plaskett, Joe Neguse, Madeleine Dean of, Luke Broadwater, Ryan McCarthy, McCarthy’s, Muriel Bowser, Washington, ” Ms, Bowser, National Guard —, Helene Cooper, Samantha Power, Seth Wenig, Obama, Power, Barack, Trump doesn’t, Elizabeth Sherwood, Randall, Anne Neuberger, Neuberger, Jeffrey Wexler, John McCarthy, Steve Ricchetti, Zayn Siddique, Thomas Winslow, Lisa Kohnke, Sarah Feldmann, Christian Peele, Michael Leach, Leach, Eileen Sullivan, Donald J, Damon Winter, Tom Hanks, Kamala Harris, Ant Clemons, Jon Bon Jovi, Demi Lovato, Justin Timberlake, Presidential, Tom Daschle, Kenneth Lambert, Daschle, Susan Collins, New York —, Pennsylvania —, George W, Richard Gephardt of, Justin Sullivan, Peggy E, Gustafson, Steven Dillingham, Dillingham, you’ve Organizations: Trump, Capitol . Credit, The New York Times, National Guard, Capitol, impeaching, Democrats, Republicans, Republican, Mr, Washington State, IF ARTICLE, Democratic, Senate, Trump mob, Jaime Raskin of Maryland, , Maryland, Democrat, Biden White, U.S . House, ., magnetometers, Capitol Visitors Center, ” Lawmakers, Armed National Guard, The, White, Fox News, Lawmakers, impeaching Trump, Trump . Credit, Trump loyalists, United States Capitol, Washington, The New York, Capitol Police, Intelligence Committee, Committee, University’s Washington College of Law, Air Force, Pentagon, The New York Times National Guard, Defense, Defense Department, . Defense, United Nations, United States Agency for International Development ., Associated, United States Agency for International Development, National Security Council, Security Council, Times, Biden, National Security Agency, Russia Small, Management, Administration, . Management, Chicago Bears, Texas Tech football, New York Times, ABC, CBS, CNN, NBC, MSNBC, Facebook, YouTube, Twitter, Presidential, Convention, Flags, stoke, Maine Republican, America, Bureau, Commerce, Census, American Locations: California, Richmond of Louisiana, Mitch McConnell of Kentucky, Kevin McCarthy of California, Wyoming, United States, America, New York, Minnesota, Cedric Richmond of Louisiana, Joaquin Castro of Texas, Jim Jordan of Ohio, Tom McClintock of California, Florida, Guy Reschenthaler of Pennsylvania, South Carolina, Rosa Parks, York, Washington, Maryland, Adam Kinzinger of Illinois, North Carolina, Republic, Fred Upton of Michigan, Diana DeGette of Colorado, Rhode Island, Eric Swalwell of California, Ted Lieu of California, Virgin, Colorado, U.S, Europe, Moscow, South Dakota, , Pennsylvania, Richard Gephardt of Missouri, Texas, Missouri
Ark Invest, which operates the largest actively managed exchange-traded fund, plans to add a "Space Exploration ETF" under the ticker ARKX, according to a securities filing on Wednesday. Investor interest in space companies has continued at heightened levels, despite only a few publicly-traded companies. But more space companies plan to enter public markets in the year ahead, with both traditional IPOs and SPAC deals expected in 2021. Ark divided the industry into four categories: orbital aerospace, suborbital aerospace, enabling technologies, and aerospace beneficiary. Suborbital Aerospace Companies are companies that launch, make, service, or operate platforms in the suborbital space, including drones, air taxis and electric aviation vehicles.
Persons: Cathie Wood, Ark, Maggie Fitzgerald Organizations: Virgin Galactic, Maxar Technologies, Invest, Innovation, CNBC, Exploration, Space Exploration, Aerospace Companies, Technologies Companies, Aerospace, CNBC PRO
He also provides 4 reasons investors should get in on the SPAC boom now and the 3 advantages of a SPAC ETF compared to investing directly in a SPAC. "We want to try to provide unique exposures that are differentiated that appeal to investors," Dellaquila said. This means investors can gain exposure to post merger SPACs, but it also enables new blood to enter the ETF, Dellaquila said. Churchill Capital Corp IV (CCIV) / Churchill Capital Corp II (CCX)The ETF holds two Churchill Capital SPACs, as well as Clarivate, the post-merger SPAC from the Churchill Capital group. Apollo Strategic Growth Capital (APSG)Dellaquila cites the recent SPAC from Apollo Group as one to watch, as more private equity firms enter the market.
Persons: Paul Dellaquila, It's, Dellaquila, Shaquille O'Neal, Chamath Palihapitiya, Bill Ackman, SPACs, Warren Buffett, Jeremy Grantham, Michael Klein, Goldman Sachs, I'm, we've, Read, SmileDirectClub, hasn't, Nikola, SPAC, Churchill, Clarivate Organizations: SPACs, NBA, Investors, Grantham, Churchill Capital, TPG, Apollo Group, Investment, Securities and Exchange, Virgin Galactic, Fidelity International ETF, Pershing, Tontine Holdings, Churchill Capital Corp, Churchill Capital SPACs, Growth, Vertiv Holdings, Evercore ISI, Facebook
Saturday's incident is the airline's fifth incident with the Boeing 737 since 2008 and the only one in which passengers lost their lives. Though all incidents involve the Boeing 737, the aircraft isn't inherently dangerous (recent troubles with 737 Max notwithstanding). May 2017A Sriwijaya Air Boeing 737-300. June 2012A Sriwijaya Air Boeing 737-400. December 2011A Sriwijaya Air Boeing 737-300.
Persons: it's, Max, Read, they've, Adhitya Nur, Mike Fuchslocher, Eka Organizations: Sriwijaya, Boeing, Aviation, Network, Airbus, Air Boeing, Aviation Safety Network, Air France, Monarch Airlines, Spain's Futura International Airways, Pilots, Belgium's Virgin Express, Malaysia Airlines, Sriwijaya Air Locations: Jakarta, Indonesia, Saturda, Sorong, Manokwari, Planespotters.net, Pontianak, Yogyakarta, Surabaya, Jambi
See more: SoFi to go public via SPAC backed by billionaire investor Chamath PalihapitiyaPalihapitiya, meanwhile, is no stranger to the SPAC world. SoFi is worried about the future of student debtWhile SoFi has broadened its offering to including saving, investing, and trading, the company got its start focusing on refinancing student loans. A key stipulation of the CARES Act was the forbearance of federal student loans beginning March. That's to say nothing of Biden's proposal to cancel a minimum of $10,000 in federal student loans after he takes office. Apart from student debt cancellation, the COVID-19 pandemic has also led to lower potential students enrolling in college, meaning lower volumes of loan origination for SoFi.
Persons: Chamath Palihapitiya, SoFi's, Ian Osborne, SCH, Chamath Palihapitiya Palihapitiya, SPACs, Palihapitiya, SoFi, Anthony Noto, Sean M, it's, Biden, That's, Joe Biden Susan Walsh, Read, Joe Biden's Organizations: Social Capital, Virgin, Clover Health, Social Capital Hedosophia Holdings Corp V, SEC, Social Capital Hedosophia Holdings Corp, Social, Virgin Galactic, SoFi, Currency, Federal Reserve, LendingClub, Boston, Bank Locations: United States, That's
Atlas Air on Tuesday announced a four-aircraft order for the Boeing 747-8F, the largest mass-produced freighter from the American aircraft manufacturer. Atlas Air announced an order for brand-new Boeing 747-8F aircraft on Tuesday as cargo demand continues to surge during the pandemic. Cargo airlines like Atlas have been hunting for more planes since passenger airlines cut their flying schedules and took valuable cargo space with them. Freighters that were retired and stored before the pandemic began were reactivated and passenger airlines began dedicating flights solely to cargo. The Boeing 747 will keep flying for years to come as cargo carriers will want to make the most of the soon-to-be-extinct aircraft.
Persons: John Dietrich, that's, Neel Jones Shah, Ruslan, Pan, Juan Trippe, it's Organizations: Air, Boeing, Atlas Air, UPS Airlines, Atlas Air Worldwide, Cargo, Emirates, Prime Air, Delta Air Lines, Concorde, General Electric, Louisville Worldport, Jet, Qantas, British Airways, KLM Royal Dutch Airlines, Virgin Atlantic Airways, Atlas Locations: Flexport, Dubai
Analysis: U.S. IPO market faces first big test of 2021
  + stars: | 2021-01-11 | by ( Chibuike Oguh | Joshua Franklin | ) www.reuters.com + 0.00   time to read: +4 min
REUTERS/Carlo AllegriThe companies are seeking to capitalize on what has been the strongest IPO market in two decades. This was the most since 2000, as firms such as home-rental company Airbnb Inc, food delivery startup DoorDash Inc and data warehouse firm Snowflake Inc capitalized on the stock market recovery in the aftermath of the COVID-19 pandemic. With the stock market posting new all-time highs, concerns are rising about listings overheating. In the first week of 2021, a record 28 SPACs raised over $6 billion to invest in private companies to take public, according to IPO research firm Renaissance Capital. “They’ve raised a lot money in the past months and we start the year with hundreds of blank checks looking to take companies public,” Kennedy added.
Persons: Carlo Allegri, , , Eddie Molloy, Morgan Stanley, Jay Ritter, David Hermer, Andrew Wetenhall, SPACs, Matthew Kennedy, “ They’ve, ” Kennedy Organizations: Reuters, REUTERS, Airbnb Inc, Snowflake, Inc, Playtika Holding, Petco Health, Poshmark, Dixie, Grocers Inc, Roblox, Morgan, Biotechnology, Cullinan Oncology, University of Florida, Credit Suisse Group AG’s, Palantir Technologies, underwriters, U.S . Securities, Exchange Commission, New York Stock Exchange, Research, Virgin Galactic Holdings, Quantumscape Corp, Renaissance Locations: New York, Manhattan, New York City , New York, U.S, Americas
Virgin Atlantic close to $230 million sale and leaseback deal for two planes
  + stars: | 2021-01-11 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: +2 min
FILE PHOTO: Virgin Atlantic planes are seen at Heathrow airport as the spread of the coronavirus disease (COVID-19) continues, London, Britain, March 31, 2020. REUTERS/Toby Melville/File PhotoLONDON (Reuters) - Virgin Atlantic, Richard Branson’s airline which has been hammered by the pandemic, is close to finalising a deal to raise just over $230 million from two planes, enabling it to repay a loan taken on as part of its rescue deal last year. COVID-19 restrictions stopped significant levels of travel on Virgin’s main UK to U.S. routes during 2020, bringing the airline to its knees. “On closing, this financing opportunity regarding two of our 787s will allow us to pay down debt and further improve our cash position going into 2021,” a Virgin Atlantic spokesman said in a statement. EasyJet has also sold off dozens of aircraft under sale and leaseback deals.
Persons: Toby Melville, Atlantic, Richard Branson’s, , EasyJet, Organizations: REUTERS, Global Asset Management, Virgin Atlantic, Richard Branson’s Virgin Group, U.S, Delta Air Lines Inc Locations: London, Britain, finalising, U.S
TORONTO (Reuters) - Toronto-Dominion Bank will defend itself in a trial starting in a Canadian court on Monday in which liquidators of the collapsed Antigua bank of former Texas financier Robert Allen Stanford are seeking $5.5 billion in damages. FILE PHOTO: A Toronto-Dominion Bank (TD) sign is seen outside of a branch in Ottawa, Ontario, Canada, May 26, 2016. Stanford is serving a 110-year prison term after being convicted in 2012 of running a $7.2 billion Ponzi scheme. The plaintiffs allege that SIB’s “exponential” growth from 2002 to late 2008 made it TD’s largest correspondent banking customer and a significant source of revenue, claims the Canadian bank has denied. In November, a Swiss court ordered Societe Generale SA to surrender $150 million deposited by Stanford, saying it had failed to do proper due diligence.
Persons: Robert Allen Stanford, Chris Wattie, , Canada’s, SIB, Grant Thornton, , Allen Stanford Organizations: TORONTO, Dominion Bank, REUTERS, Stanford International Bank, Ontario Superior Court of Justice, British Virgin Islands, Stanford, Societe Generale SA Locations: Toronto, Antigua, Texas, Ottawa , Ontario, Canada, British Virgin, Cayman Islands, Swiss
LONDON — Virgin founder Richard Branson revealed that his mom, Eve, has passed away from the coronavirus, in a tribute blog post on Monday. In the dedication to his mom, Branson said he owed his career to her. "Without that £100 ($135), I could never have started Virgin," Branson said, who founded the now multibillion-dollar conglomerate in 1970. The Virgin founder described his mother as a "force of nature" that had lived "many remarkable lives," sharing how she took glider lessons disguised as boy. After the war, Eve toured Germany as a ballet dancer, acted on stage in London's West End and worked as an air hostess on the "treacherous" British South American Airways routes.
Persons: Richard Branson, Branson, Eve, Edward, Eve Branson Organizations: Virgin, Royal Naval Service, South American Airways, Eve Branson Foundation Locations: Germany, London's, Morocco
AirlineRatings just unveiled its list of the world's safest airlines for 2021, according to the site's experts, narrowing the top 20 from a list of 385. Aviation product and safety rating website AirlineRatings just released its yearly list of the top 20 safest airlines for 2021, according to its experts. The site narrowed down 385 of the world's airlines based on a variety of factors ranging from crashes and incidents to the age of an airline's fleet. REUTERS/Louis NastroUnited Airlines earned the number 20 spot on this year's list after not being featured on last year's. American AirlinesAn American Airlines Boeing 737 Max jet at Miami International Airport in March 2019.
Persons: AirlineRatings, Geoffrey Thomas, Read, Hawaiian Airlines —, Louis Nastro, Max, Nicolas Economou, they've, Sudpoth, Shutterstock.com Finnair, Finnair, Joe Raedle, Bruce Bennett, McDonnell Douglas, Chris Parypa, Markus Mainka, FlightGlobal, Robert Smith, Getty, John F, Philip Pilosian, Lucas Jackson, Bill Roque, Lukas Wunderlich, Thomas Pallini, Ryan Fletcher, Dustin Hoffman's, Thomas, David Slotnick Organizations: US, Carriers, Aviation, Airlines, Airbus, Boeing, Alaska Airlines, Hawaiian Airlines, United Airlines United Airlines, REUTERS, Louis Nastro United Airlines, KLM Royal Dutch Airlines, KLM Royal Dutch Airlines Boeing, Getty KLM Royal Dutch Airlines, Lufthansa, Lufthansa Airbus A320neo, Getty Lufthansa, Boeing 777X, Business, SAS Scandinavian Airlines, SAS Scandinavian Airlines Airbus, SAS, American Airlines An American Airlines Boeing, Miami International Airport, Getty, Bombardier CRJ, Embraer E190, US Airways, Max, Delta Air Lines, Delta Air Lines Airbus, Delta, Southwest Airlines, Southwest Airlines Boeing, Federal Aviation, FAA, Hawaiian Airlines Airbus, Virgin, Virgin Atlantic Airways, Virgin Atlantic Airways Airbus, Commonwealth of Nations, Virgin Australia, Virgin Atlantic, Bain Capital, British Airways A British Airways Airbus, British Airways, Airbus A321neo, Kennedy International Airport, Airport, Cathay Pacific Airways, Cathay Pacific Airways Airbus, Changi International, Reuters Cathay Pacific Airways, Cathay, Alaska, Alaska Airlines An Alaska Airlines Boeing, Virgin America, Etihad Airways, Etihad, JFK International, Reuters Etihad Airways, UAE, Air Boeing, Air, Emirates, Emirates Airbus, Shutterstock.com Emirates, Singapore Airlines, Singapore Airlines Airbus, Shutterstock Singapore Airlines, Singapore -, United Airlines, Air New Zealand, Air New Zealand Boeing, New Zealand, Qatar Airways, Qatar Airways Boeing, Qantas, Qantas Airbus Locations: Asia, Oceania, AirlineRatings, San Francisco, Houston, Denver, Netherlands, Amsterdam, Pacific Northwest, Finland, New York, Copenhagen, Delta's, Boston, Virgin Australia, Virgin Atlantic, New, London's, Changi, Singapore, Hong Kong, Alaska Airlines, Alaska, Coast, U.S, Cirium, Emirates, New York City, Singapore - Newark, Qatar, Australian, Sydney, London
Chamath Palihapitiya expects Tesla stock to triple and Bitcoin's price to surge five-fold, he said on CNBC's "Halftime Report" this week. Billionaire investor Chamath Palihapitiya predicted Tesla stock will double or triple and Bitcoin will soar five-fold during an interview on CNBC's "Halftime Report" this week. Here are Palihapitiya's 15 best quotes from the interview, lightly edited and condensed for clarity:1. — arguing that shrinking consumer credit-card debts, ballooning savings, and a record amount of funds in money markets will drive markets higher. You have to have a simple on-ramp to the public markets, a SPAC represents that.
Persons: Chamath, trumpeted SPACs, Chamath Palihapitiya, Elon, Jeff Bezos, Tesla, we're, , There's, it's, Jesus Organizations: Social Capital, Virgin Galactic, Facebook, Social Capital CEO, Amazon, American Express, CNBC, Bitcoin, Capitol Locations: United States, tatters
ET Covid-19 Live Updates: More Than 150,000 Are Fully Vaccinated in the U.S. Pool photo by Sarah Blesener At least 151,000 people in the United States have been fully vaccinated against Covid-19, according to a New York Times survey of all 50 states. The tally of fully vaccinated people is an undercount because some states did not provide that information. See How the Vaccine Rollout Is Going in Your State The government says it has distributed about 22.1 million doses of Covid-19 vaccines to states and other jurisdictions. Now many epidemiologists, health officials and elected leaders are trying to understand what went so wrong.
Persons: Michael Zarro, Sarah Blesener, Joseph R, Biden, Bill de Blasio, Andrew M, Cuomo, Danielle Ivory, intubated, Lucy Nicholson, , Robert Kim, Farley, Manny Fernandez, Thomas Fuller, Kriston Jae Bethel, , Mr, Biden’s, Michael D, Jim Tankersley, Sheryl Gay Stolberg, Deborah Birx, Stefani Reynolds, Birx, C.D.C, Jason McDonald, Michael Worobey, McDonald, ” Carl Zimmer, Noah Weiland, Mu Yu, Wang Dongfeng, Amy Qin, Evgeniy, Boiko, Ms, Trump, , Maksym, ” Iran’s, Ali Khamenei, Iran’s, Ayatollah Ali Khamenei, Khamenei, Khamenei’s, Shima, Jes Aznar, Jesus Christ, handkerchiefs, Francisco Domagoso, Francisco Duque, Duque, Mario Tama, Abraar Karan, they’d, ” Dr, Karan Organizations: U.S, New York Times, ., Covid, The Times, Centers for Disease Control, Food and Drug Administration, Indiana, United States Virgin Islands, Reuters, University of California, Los Angeles Fielding School of Public Health, Los, Angeles County, The New York Times, Labor Department, Biden, White, CNN, C.D.C, University of Arizona, Washington D.C, CNBC, Workers, Xinhua, Associated Press, Officials, Games, Health, Saturday, Hebei’s Communist Party, Pfizer, U.K, Crescent Society, Twitter, Iran’s Constitution, government’s Center, Strategic Studies, Black Nazarene, Security, New Zealand, Brigham, Women’s Hospital, Harvard Medical School, New Zealand Ministry of Health, Boeing Locations: Ukraine, U.S, China, Mount Olive, N.J, United States, West Virginia, United, New York City, Bill de Blasio , New, Michigan, State, Los Angeles, York, Viejo, Calif, Southern California, Los, Los Angeles County, Angeles, New York, California, Wilmington, Del, Britain, , United Kingdom, New Haven, Beijing, Shijiazhuang, Hebei Province, Hebei, Xingtai, Inner Mongolia, East, West, Russia, “ Russia, Iranian, Iran, Tehran, Cuba, Manila, Philippines, Southeast Asia, Quiapo, Dubai, New, Auckland, New Zealand
The first stage of the company's RS1 rocket after completing welding. ABL SpaceEL SEGUNDO, California — Rocket building startup ABL Space, founded by veterans of SpaceX and Morgan Stanley, is in the final stretch of preparations for its inaugural launch from Vandenberg Air Force Base. ABL SpaceBeyond the rocket itself, ABL also touts the efficiency of its GS0 deployable ground system. Part of having the lightweight launch infrastructure, the mobile launch site, is to enable that," he added. He noted that ABL will be conducting that demonstration for the Space Force later this year.
Persons: Morgan Stanley, Dan Piemont, Piemont, ABL's, Harry O'Hanley, O'Hanley, Richard Branson's Virgin, , Morgan, we've, We've, we're Organizations: SpaceX, Vandenberg Air Force Base, ABL, CNBC, Vandenberg, Elon Musk's SpaceX, Venrock, New Science Ventures, Lynett Capital, Lockheed Martin Ventures, Air Force Research Laboratory, Edwards Air Force Base, Firefly Aerospace, MIT, America, Pentagon, Rocket, Astra, Space Force, DOD Locations: California, Los Angeles, El Segundo, New Mexico, El, U.S
(Reuters) - Online lending startup Social Finance Inc (SoFi) is nearing a deal to go public through a merger with Social Capital Hedosophia Holdings Corp V, a blank-check acquisition company led by venture capital investor Chamath Palihapitiya, people familiar with the matter said on Thursday. FILE PHOTO: Chamath Palihapitiya, Founder and CEO of Social Capital, presents during the 2018 Sohn Investment Conference in New York City, U.S., April 23, 2018. SoFi and Social Capital did not immediately respond to requests for comment. Social Capital Hedosophia V is one of three so-called special purpose acquisition companies (SPACs) backed by U.S. investor Palihapitiya and London-based Ian Osborne that are currently looking for acquisitions. Reuters reported in December that SoFi had held discussions with SPACs about a merger.
Persons: Chamath Palihapitiya, Palihapitiya, Brendan McDermid, Ian Osborne, SoFi Organizations: Reuters, Finance Inc, Social Capital Hedosophia Holdings Corp, Social Capital, Investment, REUTERS, Social, SPACs, Virgin Galactic Holdings Inc, Technologies Inc, New York Stock Exchange, U.S . Office Locations: New York City, U.S, London, San Francisco
Total: 25