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☆ Roman Abramovich and ex-wife Dasha Zhukova amassed a 'stupendous' art collection worth almost $1 billion, leaked documents reveal
▼ + stars: | 2023-09-23 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

Roman Abramovich and his ex-wife have an art collection worth close to $1 billion, leaked documents revealed. Works by Freud, Hockney, and Picasso are among the 367 items in the collection, The Guardian reported. Before oligarchs' assets were seized by the UK last year, Zhukova took majority control of the collection. Filip FilipovicAbramovich was among seven Russian oligarchs sanctioned by the UK in March last year. His assets, including Chelsea soccer club, were frozen and his $700 million superyacht, on which pieces from the art collection are believed to be displayed, was seized.

Persons: Roman Abramovich, Freud, Hockney, Picasso, Zhukova, Dasha, OCCRP, Monet, Andrew Renton, Francis Bacon's, Abramovich, Lucian Freud's, Cate Gillon, Vladimir Putin's, Putin's, Filip Filipovic Abramovich, Meritservus Organizations: Guardian, Service, The Guardian, Goldsmiths, University of London, Chelsea soccer, Government Locations: Wall, Silicon, Cyprus, London, Ukraine, Britain

The U.S. National Hurricane Center discontinued a tropical storm warning for the coast of Maine, while Environment Canada ended its tropical storm warning in New Brunswick. Political Cartoons View All 1163 ImagesA tropical storm warning remained in effect for parts of New Brunswick, Nova Scotia, Prince Edward Island and the Magdalen Islands. Lee flooded coastal roads in Nova Scotia and took ferries out of service while fanning anxiety in a region still reeling from wildfires and severe flooding this summer. In eastern Maine, winds died down enough by late afternoon Saturday for utility workers to begin using bucket trucks to make repairs. Central Maine Power and Versant Power had hundreds of workers, including out-of-state crews, assisting the effort.

Persons: Lee, Prince Edward Island, Pam Lovelace, “, Brian Lunt, Lunt, Power, ”, Sarah Thunberg, Billy Bob Faulkingham, Danny Mitchell, ” Mitchell, Betsy Follansbee, Fred, jogged, “ We’re, ” Follansbee, Maine’s, Ren Renton, Sandy, Hurricane Fiona, Jill Maepea, ___ Sharp, Robert Bumsted, Patrick Whittle, Michael Casey, Mark Thiessen, Rob Gillies, Kathy McCormack Organizations: BAR, Maritime, U.S, National Hurricane Center, Environment Canada, Canadian, Magdalen, Authorities, Halifax Stanfield International, New Brunswick, Police, Central Maine Power, National Weather Service, Republican, Maine Legislature, Winter Harbor Police, Associated Press Locations: Maine, New England, Maritime Canada, New Brunswick, Halifax , Nova Scotia, Eastport , Maine, Maine , New Brunswick, Nova Scotia, U.S, Bar Harbor , Maine, Acadia, Halifax, New, Searsport , Maine, Massachusetts, Portland , Maine, Bar Harbor, Higgins, Scarborough , Maine, Maine’s Bailey, of Maine, New York, New Jersey, Hurricane, Canada, Canadian, England, Cape Elizabeth , Maine, Boston, Rio, Las Vegas, Anchorage , Alaska, Toronto, Concord , New Hampshire

☆ Boeing says a new 737 Max flaw will slow airplane deliveries
▼ + stars: | 2023-08-23 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

A person with an umbrella walks by a Boeing 737 Max fuselage parked outside the company's production facility in Renton, Washington, January 10, 2020. Boeing said a new manufacturing flaw on its best-selling 737 Max will delay deliveries of its best-selling aircraft, the latest setback as the company tries to hand over more planes. The company said it found fastener holes on the aft pressure bulkhead on some 737 planes were improperly drilled. "This issue will impact near-term 737 deliveries as we conduct inspections to determine the number of airplanes affected, and complete required rework on those airplanes," Boeing said. Boeing didn't say whether the new issue would change its forecast to deliver between 400 and 450 Max jets this year.

Persons: Max, Aerosystems Organizations: Boeing, Max, Airbus, The Air, Federal Aviation Administration Locations: Renton , Washington

☆ Live updates: Spain vs Netherlands, Women's World Cup 2023 quarter final
▼ + stars: | 2023-08-11 | by ( Tara Subramaniam | Adam Renton | ) edition.cnn.com time to read: +1 min

A beaten finalist in 2019, the Netherlands will likely be feeling very confident of going one better this year after an impressive World Cup campaign so far. The Oranje is unbeaten in Australia and New Zealand and has conceded just one goal during the tournament, coming in the 1-1 group stage draw against the United States — also the only game it has failed to win. Spain has both dazzled and disappointed its fans this tournament, racking up high-scoring wins over Zambia, Costa Rica and then Switzerland in the last-16. However, the team’s low point came in a 4-0 demolition against Japan in the final group stage match, a game that laid bare La Roja's weaknesses. Spain will likely chalk it up to a off day, while others will point to the sobering defeat as proof the team isn’t yet up to level of the true title contenders Down Under.

Persons: United States —, Jill Roord, Lieke Martens, Daniëlle van Organizations: Oranje, United, South, Zambia Locations: Netherlands, Australia, New Zealand, United States, South Africa, Spain, Costa Rica, Switzerland, Japan

Shares of the company rose 7% to hit a 1-1/2 year high after Boeing also posted second-quarter results above Wall Street expectations. The planemaker is now transitioning its 737 production line - including the MAX models that make up the vast majority of 737 production - to building 38 jets per month, up from 31, the company said. Calhoun later added the company is already in "prep mode" to raise monthly 737 production to 42, but wouldn't specify whether Boeing would do so in 2023, as Boeing Commercial Airplanes head Stan Deal said told Bloomberg TV in June. 'ENCOURAGING' RESULTS AMID CHALLENGESA photo of Boeing 737 MAX airplanes parked on the tarmac at the Boeing Factory in Renton, Washington, U.S. March 21, 2019. Boeing expects to deliver most of the 228 MAXs in its inventory by the end of 2024, making it critical that Boeing step up production.

Persons: there'll, Dave Calhoun, Calhoun, Stan Deal, Brian West, Lindsey Wasson, Peter McNally, Refinitiv, Valerie Insinna, Abhijith Ganapavaram, Anil D'Silva, Nick Zieminski Organizations: Boeing, Boeing Commercial Airplanes, Bloomberg TV, Boeing Factory, REUTERS, Commercial Aerospace, Thomson Locations: Renton , Washington , U.S, West

☆ Boeing's quarterly results top expectations as airplane deliveries pick up pace
▼ + stars: | 2023-07-26 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Boeing 's second-quarter results topped analyst expectations thanks to a pickup in commercial aircraft deliveries as the manufacturer increases production. Here's how the company performed during the period ended June 30, compared with Refinitiv consensus estimatesAdjusted loss per share: 82 cents vs. 88 cents. 82 cents vs. 88 cents. On an adjusted basis, the company reported a loss of $390 million, or 82 cents per share. Boeing's defense, space and security unit reported a loss of $527 million for the quarter, down from a profit a year ago.

Persons: Dave Calhoun, Boeing's Organizations: Boeing, Max, Renton Municipal Airport, Airbus Locations: Renton, Renton , Washington

☆ Live updates: USA vs Vietnam, Women's World Cup 2023
▼ + stars: | 2023-07-21 | by ( Tara Subramaniam | Adam Renton | ) edition.cnn.com time to read: +2 min

From left: Livia, Randy, Laurenne and Lisette Moreland are back at a World Cup for the first time since 2016. Tara Subramaniam/CNNAmericans from coast to coast have made the trek to Auckland to support the reigning Women's World Cup champions as they seek a record third title. Now, the family is at their second Women's World Cup. Tara Subramaniam/CNNElanor Espey and her mom Katrina from Sacramento, were also in France during the 2019 Women's World Cup and watched games from the fan zone in Paris. Elanor Espey told CNN she's looking forward to seeing "how the teams have developed in the past four years since the last World Cup."

Persons: Livia, Randy, Laurenne, Lisette Moreland, Tara Subramaniam, Moreland, Laurenne Moreland, Adam, Cate, she's, Stephanie, Alex Morgan, CNN Elanor Espey, Elanor Espey Organizations: CNN, USA, FIFA, US, Thailand, National Locations: Auckland, Bethesda , Maryland, Austin , Texas, Reims, France, Australia, New, Sacramento, Paris

It's half time at the Eden Park Stadium in Auckland, where underdogs New Zealand have held firm for the first 45 minutes against former World Cup winners Norway. The Scandinavians are among the tournament favorites this year, but despite dominating much of the play have been unable to break through the home side's defense and create a clear-cut chance. But it hasn't been all defending from New Zealand. The home side have enjoyed several threatening moments of their own going forward, much to the delight of the sold-out home crowd. In the final moments of the half, New Zealand kept the pressure on, with several opportunities in the box.

Persons: Norway's Ada Hegerberg, Julie Blakstad, Frida Maanum Organizations: New Zealand, Norway Locations: Eden, Auckland, Norway's, New Zealand

☆ Live updates: Heat wave hits Europe, US, China and other parts of the globe
▼ + stars: | 2023-07-18 | by ( Helen Regan | Adam Renton | ) edition.cnn.com time to read: +1 min

Italy's health ministry on Tuesday introduced a new heat protocol for emergency rooms called “Let’s protect ourselves from the heat,” it said in a statement. The ministry said the move will allow emergency rooms to adopt dedicated procedures for people suffering heat-related emergencies and will operate seven days a week. : a preferential and differentiated care path in the emergency department," the ministry said. Citizens and visitors are urged to follow these basic rules:Avoid direct sun exposure and stay indoors during hottest hours of the day. Check on elderly and vulnerable neighbors to ensure they have adequate water, food, and protect pets.

Organizations: Citizens

☆ Missing Titanic sub: Live updates on crew killed after 'catastrophic implosion,' debris found
▼ + stars: | 2023-06-23 | by ( Helen Regan | Adam Renton | ) edition.cnn.com time to read: +2 min

The result was the Convention for the Safety of Life at Sea (SOLAS). Passed in 1914, its framework stands to this day, with many of its rules directly evolving from the Titanic tragedy. The unsinkable ship: When the Titanic set sail from Southampton, it was the world’s largest ocean liner, built with state-of-the-art maritime technology that many thought made it unsinkable. Such was the belief in the Titanic that safety regulations of the day were not updated to keep pace with the technology. Lessons from Titan: Maritime experts and historians have noted the Titan submersible operated outside of the regulations prompted by the Titanic disaster, and did not need to conform to safety regulations, since it operated in international waters.

Persons: ”, Per Wimmer, Read Organizations: Titanic, Convention, OceanGate Expeditions, Titan Locations: Southampton, Danish

From OceanGate/FILEThe missing submersible is a small vessel designed to only hold five people for a day — two hours down, several hours exploring the Titanic and two hours back to the surface. Last year, the founder of tour operator OceanGate Expeditions showed a CBS team the inside of a submersible used to visit the Titanic's wreckage. The CBS video shows a small chamber, with about as much space as a minivan. There's only one small toilet in the vessel's front, which "doubles as the best seat in the house," according to an OceanGate webpage that's no longer available. It added that when the toilet is being used, they install a privacy curtain "and turn the music up loud."

Organizations: OceanGate Expeditions, CBS

A submersible, such as the missing Titan vessel, is a type of watercraft — but it has some key differences from the better-known submarine. Unlike submarines, a submersible needs a mother ship to launch it. The Titan's support ship was the Polar Prince, a former Canadian Coast Guard icebreaking ship, according to the ship's co-owner Horizon Maritime. A submarine can also stay underwater much longer, while submersibles have much fewer power reserves, according to OceanGate, the company operating the Titan expedition, in a webpage seen by CNN that is no longer available. The Titan has 96 hours of life support, and its dives down to the Titanic wreckage usually last 10 to 11 hours, according to the site — compared to submarines that can stay underwater for months.

Organizations: Canadian Coast Guard, Horizon, CNN, Coast Guard

Storm chaser Brian Emfinger tells CNN that Thursday's tornado cut through some of the main sections of Perryton, Texas. Emfinger said the worst he saw was in the northwest part of town. People there had little warning as the tornado touched down, barreling toward a mobile home park directly in its path, he said. “The storm produced a wall cloud very quickly, and that wall cloud tightened up very rapidly and then it just went to the ground very quickly,” Emfinger said. Usually with a strong tornado, there’s a lot of leeway time for people to prepare, he said.

Persons: Brian Emfinger, ” Emfinger, Emfinger Organizations: CNN Locations: Perryton , Texas, People

☆ Boeing says certification of 737 MAX 7 is taking 'considerable amount of time'
▼ + stars: | 2023-05-31 | by ( ) www.reuters.com time to read: +1 min

[1/2] Employees are pictured as the first Boeing 737 MAX 7 is unveiled in Renton, Washington, U.S. February 5, 2018. REUTERS/Jason Redmond/File PhotoCHARLESTON, South Carolina, May 31 (Reuters) - The certification of the Boeing 737 MAX 7 is taking a "considerable amount of time" due to new documentation requirements, but the company still believes it can be certified by the end of the year, a Boeing Co (BA.N) official said on Wednesday. Both the MAX 7 and MAX 10 are seen as critical for Boeing to compete against Airbus SE (AIR.PA) for orders at the top and bottom of the narrowbody markets. The planemaker is also "close" to receiving FAA approval to begin certification flights of its new 737 MAX 10, Fleming told reporters. Certification of that aircraft is still projected to occur in 2024, but will depend on when Boeing is approved to begin those flights, he said.

Persons: Jason Redmond, Mike Fleming, Boeing's, Fleming, Valerie Insinna, Richard Chang, Matthew Lewis Organizations: Boeing, REUTERS, Boeing Co, Airbus, Southwest Airlines Co, Federal Aviation Administration, Thomson Locations: Renton , Washington , U.S, CHARLESTON, South Carolina, Charleston , South Carolina

☆ Boeing supplier Spirit Aero flags $31 million hit from 737 fuselage defect
▼ + stars: | 2023-05-03 | by ( Valerie Insinna | Abhijith Ganapavaram | ) www.reuters.com time to read: +3 min

(Reuters) -Spirit AeroSystems Holdings Inc said on Wednesday it expects a $31 million hit to full-year gross profit from disruptions and rework related to a Boeing 737 MAX fuselage production problem, and that more related costs are anticipated. “Additional costs are expected, including costs Boeing may assert to repair certain models of previously delivered units in their factory and warranty costs related to affected 737 units in service,” Spirit said. Rework costs for affected 737 fuselages at Spirit’s Wichita, Kansas-based production facility are projected to amount to $5 million, an expense of about $100,000-$150,000 per plane. The company has also started to build and deliver production-conforming 737 fuselages under a revised process, it said. Losses on the A220 amounted to about $81 million, including $46 million in non-recurring supply chain costs as well as other costs related to production schedule changes.

[1/2] Airplane fuselages bound for Boeing's 737 Max production facility sit in storage at their top supplier, Spirit AeroSystems Holdings Inc, in Wichita, Kansas, U.S. December 17, 2019. "Additional costs are expected, including costs Boeing may assert to repair certain models of previously delivered units in their factory and warranty costs related to affected 737 units in service," Spirit said. Rework costs for affected 737 fuselages at Spirit's Wichita, Kansas-based production facility are projected to amount to $5 million, an expense of about $100,000-$150,000 per plane. The company has also started to build and deliver production-conforming 737 fuselages under a revised process, it said. Boeing CEO Dave Calhoun last week called the 737 manufacturing defect "gnarly" and "difficult to find", but noted that Spirit and Boeing had quickly identified affected planes and begun the rework.

REUTERS/Jason Redmond/File PhotoPARIS/WASHINGTON, April 19 (Reuters) - Planemakers have signalled a shift in production strategy to make factories more resilient to recent supply disruptions by adding "surge capacity," even where that means extra cost. "We live in a supply constrained environment ... Our focus is on both capacity and quality. "To support the supply chain, we've increased on-site presence, we've ramped up internal fabrication for surge capacity and we've increased inventory of select parts for risk protection." DEFENDING AVERAGE OUTPUTPlanemakers only rarely speak of "surge capacity" in the aerospace production system, which is seen as more capital-intensive and less nimble than in consumer-facing industries. Although auto firms rely heavily on overtime to meet peak demand, analysts say there are examples of automakers installing surge capacity for a successful product.

☆ Boeing CEO stands by plans to increase 737 Max production despite recent flaw
▼ + stars: | 2023-04-18 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

A Boeing 737 MAX 8 sits outside the hangar during a media tour of the Boeing 737 MAX at the Boeing plant in Renton, Washington. Boeing 's CEO Dave Calhoun said that a flaw detected in some of its 737 Max planes won't hinder its supply chain plans for increased production of its bestselling jetliner this year. Boeing is also comfortable holding extra stock of aircraft supplies "so our supply chain can keep its pace," Calhoun added. Boeing is also planning to increase production of the planes, a goal that has proved challenging as the supply chain recovers from the pandemic. Calhoun said Tuesday the company is assessing the impact of the issue on 737 Max deliveries and apologized to customers but didn't provide more detail.

☆ Stocks making the biggest moves midday: Boeing, JPMorgan, UnitedHealth, Rivian and more
▼ + stars: | 2023-04-14 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

A Boeing 737 MAX 8 sits outside the hangar during a media tour of the Boeing 737 MAX at the Boeing plant in Renton, Washington. JPMorgan Chase — Shares soared about 7% after the bank reported record first-quarter revenue thanks to higher interest rates. Citigroup — The bank's stock added more than 4% after the company reported rising net income and a revenue beat for the first quarter. Lucid — Shares of the EV maker dropped more than 6% after the company reported underwhelming first-quarter deliveries. Piper Sandler downgraded the stock to neutral from neutral earlier in the day, and said the company needs more cash.

☆ Boeing warns of reduced 737 Max production and deliveries due to parts issue
▼ + stars: | 2023-04-13 | by ( Sara Salinas | ) www.cnbc.com time to read: +3 min

Boeing 737 Max airplanes sit parked at the company's production facility on November 18, 2020 in Renton, Washington. It said the issue affects certain 737 Max 8 planes, the company's most popular model, with customers including American Airlines and Southwest Airlines . It also affects certain 737 Max 7, the 737 8200 and P-8 planes. "We expect lower near-term 737 MAX deliveries while this required work is completed. "We're aware of the issue and working with Boeing to understand how it may impact our MAX deliveries," an American Airlines spokesman said in statement.

☆ Bill Gates recommends these 4 books about climate change, 15 years after reading them—'not much has changed since then'
▼ + stars: | 2023-04-11 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +4 min

Bill Gates has four science books he recommends to "anyone who wants to understand the weather and how it's affected by climate change" — and you don't need a science background to understand them. Four of them particularly helped him learn more about climate change and its effects on the planet, and are still useful to read today, he wrote. "It's actually one of the first books I recommend to anyone who wants to understand the weather and how it's affected by climate change," Gates wrote in his blog post. It also dives into climate issues like global warming and how weather affects the "global ecosystem," making it easier to identify the effects of climate change in your daily weather report. It also includes subject areas relevant to climate change, like a section on glaciers that are receding due to warmer temperatures, Gates added.

☆ US factory orders fall in January on civilian aircraft demand
▼ + stars: | 2023-03-06 | by ( ) www.reuters.com time to read: +2 min

The Commerce Department said on Monday that factory orders dropped 1.6% after increasing 1.7% in December. Orders increased 4.3% on a year-on-year basis in January. The drop in factory orders in January mostly reflected a 13.3% decline in transportation equipment, which followed a 15.8% jump in December. Transportation equipment orders were weighed down by a 54.5% tumble in orders for civilian aircraft. Motor vehicle orders increased 1.3%.

☆ US factory orders fall as civilian aircraft demand dives
▼ + stars: | 2023-03-06 | by ( ) www.reuters.com time to read: +3 min

The report from the Commerce Department on Monday also showed shipments of manufactured goods rebounding after two-straight monthly declines, while inventories were unchanged. The drop in factory orders in January mostly reflected a 13.3% decline in transportation equipment, which followed a 15.8% jump in December. Transportation equipment orders were weighed down by a 54.5% tumble in orders for civilian aircraft. Motor vehicle orders increased 1.3%. Shipments of manufactured goods increased 0.7%, the biggest gain since August, after falling 0.6% in December.

☆ Boeing orders, deliveries slip in January, before massive Air India jetliner sale
▼ + stars: | 2023-02-14 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

A Boeing 737 MAX 10 airliner pauses while taxiing on the flight line before its first flight at Renton Municipal Airport on June 18, 2021 in Renton, Washington. Boeing 's aircraft orders and deliveries slipped in January from a month earlier. Boeing delivered 38 jetliners last month, 35 of them its bestselling 737 Max planes, down from a total of 69 planes in December. The delivery count was still was higher than the 32 planes Boeing handed over to customers in January 2022. Air India ordered at least 220 Boeing planes and 250 Airbus planes, making the combined sale the biggest aircraft order ever as airlines prepare for a further recovery in air travel as Covid pandemic travel concerns wane.

SEATTLE/WASHINGTON, Jan 30 (Reuters) - Boeing Co (BA.N) told employees on Monday that it will add a new 737 MAX production line in Everett, Washington, in mid-2024 as it plans to ramp up deliveries of its best-selling plane. The company is reactivating its third 737 MAX line in Renton, Washington, Deal added. Boeing booked nearly 700 MAX orders last year, delivered 387 737s and has a total backlog of about 3,600 MAX airplanes. Boeing said this month it had stabilized 737 production at 31 per month, with plans to ramp production up to approximately 50 per month in the 2025-2026 timeframe. The legislation requires Boeing to fit new safety enhancements to the MAX 7 and MAX 10 and retrofit existing MAX 8 and MAX 9 planes in the fleet.

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