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☆ Jorge Martin: Swashbuckling bike racer poised to make history in MotoGP season finale
▼ + stars: | 2024-11-15 | by ( Jonathan Hawkins | ) edition.cnn.com time to read: +10 min

In April 2021, he was on a roll following a stunning introduction to life in the premier class of bike racing. Fresh from a pole position and a third place in only his second ever MotoGP race, Martin arrived at the third round of the championship in Portugal believing the world was at his feet. “When I arrived in MotoGP in 2021, I started too good, let’s say,” Martin tells CNN, smiling. Prima Pramac RacingA month later, however, Martin was back on a bike and has steadily improved ever since. Jorge Martin has had three race wins this MotoGP season.

Persons: gasping, Jorge Martin, Pecco, Martin, ” Martin, “, Prima Pramac, ”, ’, –, Pramac, Ducati’s, it’s, …, I’m, Mat Oxley, “ Jorge, ” Oxley, Jorge, That’s, Bagnaia, ” Martin’s, Angel Martin, Susana Almoguera, Jonathan Hawkins, he’s, Valencia Martin Organizations: CNN, MotoGP, Qatar, Prima Pramac Ducati, Prima, Red Bull, Twitter, Solidarity, Aprilia Locations: Portugal, Portimão, ‘, Barcelona, Spain, Valencia, Malaysia, Valencia …

☆ Lockheed wins U.S. missile defense contract worth $17 billion, sources tell Reuters
▼ + stars: | 2024-04-15 | by ( ) www.cnbc.com time to read: +3 min

Lockheed Martin has been awarded a $17 billion contract to develop the next generation of interceptors that would guard the United States against an intercontinental ballistic missile attack, two industry sources briefed on the matter told Reuters. Both Lockheed and the Missile Defense Agency declined to comment. The sources did not indicate the length of the contract, but the first interceptor is expected to be operational in 2028. The NGI is currently in its technology development phase and will transition to its product development phase in May, according to written testimony submitted by the head of the Missile Defense Agency, Lieutenant General Heath Collins, last week. The United States then decided to restart the contract process to gather bids on designing the whole interceptor including the "kill vehicle."

Persons: Lockheed Martin, Walter E, General Heath Collins, Collins, Northrop Grumman Organizations: Lockheed, Astronautical, Washington Convention Center, Reuters, Army, Attack Reconnaissance Aircraft, U.S . Missile Defense Agency, Defense, Missile Defense Agency, Pentagon, Boeing Locations: Washington , DC, United States, North Korea, Iran, U.S

☆ I Want the House, Not My Spouse
▼ + stars: | 2024-03-08 | by ( Ronda Kaysen | ) www.nytimes.com time to read: +1 min

As soon as she knew her husband wasn’t coming back, Terri Martin logged onto Facebook Marketplace and bought a 1949 General Electric refrigerator for $5. Her marriage might be over, she thought, but her relationship with her home certainly wasn’t. “I started to realize that even without him, I still loved the house,” said Ms. Martin, 37, a knitwear designer in Cincinnati. With her husband, Tim Larson, 37, out of the picture, Ms. Martin would no longer have to sell him on her vision of a retro kitchen that would embrace the historic character of the 1916 American Foursquare, a house the couple bought in 2021 for $180,000. “It is exciting to think about doing the entire kitchen now and not having to compromise,” Ms. Martin said on Feb. 1, hours after filing for a dissolution of marriage.

Persons: wasn’t, Terri Martin, “, ”, Martin, Tim Larson, Ms Organizations: Facebook Locations: Cincinnati

☆ Lockheed Martin looks to acquire spacecraft maker Terran Orbital for nearly $600 million
▼ + stars: | 2024-03-01 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +1 min

Lockheed Martin submitted a bid to acquire spacecraft manufacturer Terran Orbital , the defense giant revealed in a securities filing on Friday. Together, the offer values Terran Orbital at just below $600 million. Terran Orbital stock closed at $1.07 a share on Friday. Terran Orbital did not immediately respond to CNBC's request for comment. Additionally, Lockheed noted in its letter to Terran Orbital management that the defense giant "continues to be Terran's largest revenue generating customer accounting."

Persons: Lockheed Martin Organizations: New York Stock Exchange, Lockheed, Terran, Terran Orbital

☆ Trump is fighting back after a court monitor report that suggested he evaded taxes
▼ + stars: | 2024-01-30 | by ( Hannah Getahun | Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +5 min

A letter from Donald Trump's court monitor in his fraud trial suggests he lied about a $48 million loan. The team also provided a memo from the Trump Org's legal department stating that the loan was paid off. AdvertisementDonald Trump is fighting back after a court monitor's footnote indicated that the former president may have committed tax fraud. The Daily Beast first reported on Sunday the note from Jones is a clue Trump used a fake $48 million loan as a vessel to avoid paying income taxes. Advertisement"It would appear, assuming Judge Jones' letter is accurate, that this amounts to tax evasion," Martin Lobel, a tax lawyer, told The Daily Beast.

Persons: Donald Trump's, —, Donald Trump, Barbara Jones, Arthur Engoron, Donald J, Trump, Jones, Judge Jones, Martin Lobel, Clifford S, Robert, Christopher Kise, , Jason Flemmons, Kise Organizations: Trump, Service, Trump Organization, Manhattan Supreme, Chicago, Daily Beast, Daily, Business, Government, Trump Org, Mezz Venture

☆ Special monitor suggests Trump falsified disclosures over $48 million loan in what could be tax evasion, report says
▼ + stars: | 2024-01-28 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Jones and Trump Organization attorney Alan Garten did not immediately respond to requests for comment from Business Insider. A 'pretty brazen' plotGarten told The Daily Beast an "internal loan" wherein Trump "leant money to the entity that he owns" does exist. "It would appear, assuming Judge Jones' letter is accurate, that this amounts to tax evasion," Martin Lobel, a tax lawyer, told The Daily Beast. So, instead of paying income taxes of up to 39% on the forgiven debt, the outlet reported, Trump "invented a loan — and then parked it."

Persons: —, Barbara Jones, Donald Trump's, Arthur Engoron, Jones, Trump's, Trump, Donald J, Alan Garten, Garten, Judge Jones, Martin Lobel, Mother Jones, Adam Levitin, didn't, Jordan Organizations: Service, Daily, Business, Manhattan, Trump Organization, Chicago, Government, New York Times, Georgetown University, Citizens Locations: York, Washington

☆ Aston Martin F1 team gets investment from PE firm Arctos
▼ + stars: | 2023-11-16 | by ( Anousha Sakoui | ) www.reuters.com time to read: +1 min

The Aston Martin logo is seen on a V12 Vantage car at the company’s factory in Gaydon, Britain, March 16, 2022. REUTERS/Phil Noble/File Photo Acquire Licensing RightsNov 16 (Reuters) - The Aston Martin Formula One team said on Thursday it had agreed on an investment by U.S. private equity firm Arctos Partners in exchange for a minority shareholding. The stake sale values the car racing group at 1 billion pounds ($1.24 billion), a person with knowledge about the matter told Reuters. "They share our vision for our ultra-luxury brand, and they are extremely passionate about the sport and its prospects," Aston Martin Formula One Executive Chairman Lawrence Stroll said in a statement. The F1 team is sponsored by the eponymous British luxury carmaker in which Stroll holds the largest shareholding of over 25%.

Persons: Aston Martin, Phil Noble, Lawrence, French carmaker, Ryan Reynolds, Rob McElhenney, Prerna Bedi, Maju Samuel Organizations: Aston, REUTERS, Aston Martin Formula, U.S, Arctos Partners, Reuters, French carmaker Renault, Alpine, Thomson Locations: Gaydon, Britain, French, Bengaluru

☆ Aston Martin lowers volume outlook on DB12 model production issues
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Thomas Peter/File Photo Acquire Licensing RightsNov 1 (Reuters) - British luxury carmaker Aston Martin (AML.L) posted a wider-than-expected quarterly loss on Wednesday and lowered its 2023 volume outlook due to production issues for its new sports car DB12. Aston Martin started delivery of its next-generation sports car DB12 last quarter, and expects its 2023 volume to come in at 6,700 units, from an earlier forecast of about 7,000 units. "Given the initial delays experienced with the DB12 ramp up during Q3, we have marginally updated our FY volume outlook as the impact limits production capacity for the full year," the company said in a statement. The London-listed company, which retained the rest of its 2023 outlook, reported an adjusted operating loss of 48.4 million pounds ($58.82 million) on revenue of 362.1 million pounds in the three-month period ended Sept. 30. Analysts on average had expected an adjusted operating loss of 38 million pounds on net revenue of 370 million pounds.

Persons: Aston Martin, Thomas Peter, AML.L, Yadarisa, Sherry Jacob, Phillips Organizations: REUTERS, Thomson Locations: Beijing, China, London, Bengaluru

“We will not take a break and we cannot stop now, and we will continue to pass life-saving laws until we end gun violence in Connecticut. Our lives depend on it,” said Jeremy Stein, executive director of Connecticut Against Gun Violence. Immediately after it was passed, the law was challenged in court by gun rights supporters. Connecticut’s landmark 2013 gun law, passed in response to the 2012 elementary school shooting in Newtown that claimed 26 lives, is also being contested in court. Besides Connecticut, which has some of the strictest gun laws in the country, other politically liberal-leaning states including California, Washington, Colorado and Maryland also have passed gun laws this year that face legal challenges.

Persons: Ned Lamont, “, ”, Jeremy Stein, Gavin Newsom, Newsom, Vincent Candelora, Pro Tempore Martin Looney, Looney, Lamont Organizations: —, Sandy, Elementary, Democratic Gov, Besides Connecticut, U.S, Supreme, California, Republican, Assembly, Pro Tempore Locations: HARTFORD, Conn, Connecticut, Newtown, Besides, California, Washington , Colorado, Maryland, North Branford, ”, New Haven, ” Connecticut

☆ Opinion: How the words of ‘I Have a Dream’ soared and challenged the nation 60 years ago
▼ + stars: | 2023-08-23 | by ( John | ) edition.cnn.com time to read: +9 min

“It really shocked me,” Jones recalled. “Mahalia Jackson was his favorite gospel singer,” Jones recalled. “He took the written text … and shoved it to the side of the podium,” Jones recalled. Thank God almighty, we are free at last.”As the thunderous applause passed, “Martin looked at me and said, ‘How do you think I did?’ ” Jones recalled. King and Rabbi Abraham Heschel standing in the middle room, they’re both sobbing,” Jones recalled.

Persons: John Avlon, “, Martin Luther King Jr, Franklin D, Roosevelt, Kennedy, Reagan, Clarence B, Jones, King, ”, ” Jones, King “, …, Martin, Lincoln – “, Mahalia Jackson, “ Mahalia Jackson, Dora McDonald, Mahalia, Martin Luther King, Jr, Liz Hafalia, Jackson, hadn’t, he’d, ” King, Georgia ”, “ Martin, Rabbi Joachim Prinz, Abraham Joshua Heschel, “ Dr, Rabbi Abraham Heschel, Clarence, ” Clarence Jones Organizations: CNN, Lions, Washington, Kennedy White House, Willard, Lincoln, Lincoln –, University of San, San Francisco Chronicle, Martin Luther King Jr . Research, Education Institute, Stanford University, Civil Rights Movement, Twitter, Facebook Locations: “ Lincoln, Lincoln, Washington, Independence, University of San Francisco, Detroit, New Hampshire, Georgia, Hitler’s Germany, America, Catskill

☆ Shabab Al-Ahli set up Al-Nassr clash in Asian Champions League playoffs
▼ + stars: | 2023-08-15 | by ( Michael Church | ) www.reuters.com time to read: +2 min

HONG KONG, Aug 15 (Reuters) - Shabab Al Ahli of the United Arab Emirates will face Saudi Pro League side Al-Nassr for a berth in the group phase of the Asian Champions League next week after the club from Dubai defeated Al-Wehdat 3-0 in a playoff on Tuesday. Cristiano Ronaldo and Al-Nassr his team mates will host the 2015 Asian Champions League runners-up in Riyadh next Tuesday after second half goals from Azizjon Ganiev, Renan and Munas Dabbur earned Shabab Al-Ahli victory over the Jordanians. Khurshid Giyosov scored the game's only goal two minutes into the second half to set up a clash with Qatari side Al-Arabi. In the eastern side of the draw, Vietnam's Haiphong equalised in the 88th to take their game against Hong Kong Rangers into extra time and they went on to win 4-1 win. The draw for the group phase of the Asian Champions League will be held in Kuala Lumpur on Aug. 24 with matches kicking off on Sept. 18.

Persons: Cristiano Ronaldo, Nassr, Azizjon Ganiev, Renan, Munas Dabbur, Luanzinho, Uzbekistan's AGMK, Martin Boakye's, Khurshid Giyosov, Yumemi Kanda, Nguyen Tuan Anh, Yuri Mamute's, Mamute, Martin Lo, Lee, Michael Church, Ken Ferris Organizations: United, Saudi Pro League, Al, Asian Champions League, Dubai, League, Shabab Al, India's, Qatari, Vietnam's, Hong Kong Rangers, Hong Kong Premier League, Incheon United, Urawa Red Diamonds, Bali, Thomson Locations: HONG KONG, Shabab Al Ahli, United Arab Emirates, Riyadh, Shabab, Sharjah, India's Bashundhara, Iran, Seeb, Oman, Arabi, Haiphong, South Korea, Indonesia, Hong Kong, Kuala Lumpur

☆ Stocks making the biggest moves midday: Southwest Airlines, Goldman Sachs, Bellus Health and more
▼ + stars: | 2023-04-18 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

PowerSchool Holdings – The educational technology stock added 3.5% after Goldman Sachs upgraded shares to buy from neutral. Bank of America – The bank stock was about flat even after the firm reported first-quarter earnings and revenue that topped expectations. Goldman Sachs – Shares slid 1.3% after Goldman Sachs reported first-quarter revenue of $12.22 billion, lower than the $12.79 billion forecasted by analysts polled by Refinitiv. The company reported adjusted earnings of $2.68 per share and revenue of $24.75 billion. Bellus Health, GSK – Bellus shares roughly doubled after GSK said it would acquire Canada-based biopharmaceutical company Bellus.

☆ Bagnaia wins first ever MotoGP sprint at Portuguese Grand Prix
▼ + stars: | 2023-03-25 | by ( ) www.reuters.com time to read: +3 min

March 25 (Reuters) - Reigning world champion Francesco Bagnaia won the first ever MotoGP sprint with a last-lap overtake at the season-opening Portuguese Grand Prix on Saturday to earn 12 points and move to the top of the rider's standings ahead of the race on Sunday. On the final lap, Martin looked set to take the chequered flag but the Spaniard went wide on a turn, opening the door for Bagnaia to storm ahead and win the sprint. "It was fun, but it was difficult for the win," said Bagnaia, who had dropped to third midway through the sprint. Sunday's race will have the same grid order after the qualifying session with Marquez on pole. Reporting by Rohith Nair in Bengaluru Editing by Toby Davis and Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

☆ Needham lowers 2023 estimates for Amazon, says investors want to see pricing power over cost cutting
▼ + stars: | 2022-12-22 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Amazon needs to get its house in order, according to Needham. Analyst Laura Martin lowered her 2023 estimates for Amazon, while maintaining her fourth quarter 2022 estimates, noting that the tech giant's costs are almost at parity with its revenue. For 2023, Martin lowered her total net sales estimate to $564 billion, which is 5% below her previous estimate. In November, Amazon started laying off thousands of employees as CEO Andy Jassy started a review of the company's expenses. However, investors also want AMZN to demonstrate upside pricing power in 2023, since cost-cutting has limits to driving valuation upside," Martin wrote.

☆ Aston Martin flags hit to margins, deliveries from supply chain snags
▼ + stars: | 2022-11-02 | by ( ) www.reuters.com time to read: +1 min

[1/2] An Aston Martin logo is seen at a dealership in central London, Britain August 29, 2018. REUTERS/Henry NichollsNov 2 (Reuters) - British luxury carmaker Aston Martin (AML.L) on Wednesday warned that higher costs from global supply chain and logistical disruptions would hurt its margins, and lowered its wholesale delivery volume outlook for 2022. "Whilst (supply chain issue) has created short-term impacts on our performance, I am confident that with the actions we are taking, we will exit the year in a stronger position to deliver on our goals for 2023 and beyond," Chief Executive Officer Amedeo Felisa said. The London-listed company now expects to deliver 6,200-6,600 vehicles this year from more than 6,600 vehicles forecast earlier. Reporting by Pushkala Aripaka in Bengaluru; Editing by Dhanya Ann Thoppil and Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

☆ Kamala Harris announces space coalition including Elon Musk's SpaceX and Jeff Bezos' Blue Origin as the White House seeks to broaden the aerospace industry
▼ + stars: | 2022-09-09 | by ( Kate Duffy | ) www.businessinsider.com time to read: +2 min

VP Kamala Harris announced a new coalition of space firms to diversify the workforce of the aerospace industry, per Reuters. The report said Blue Origin, Boeing, Lockheed Martin, and Northrop Grumman will anchor the coalition. Jeff Bezos' Blue Origin, Boeing, Lockheed Martin, and Northrop Grumman are set to anchor the coalition, the statement said, per Reuters. Other companies including Elon Musk's SpaceX, Bezos' Amazon, and Richard Branson's Virgin Orbit will partner in the coalition, the White House said in the statement, per Reuters. The White House and the other companies mentioned in this report didn't immediately respond to Insider's request for comment.

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