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☆ German firm sees U.S. getting lion's share of 100 bln euro military fund
▼ + stars: | 2023-07-04 | by ( Alexander Hübner | ) www.reuters.com time to read: +2 min

Wiegand called on the government to use the 100 billion euro fund not only to plug short-term gaps in the German military's inventories but also to help develop technologies of the future. Renk, formerly a subsidiary of Volkswagen (VOWG_p.DE), is global leader in the production of gear boxes for tanks including the Leopard 2. The company, situated in the Bavarian town of Augsburg, makes about 70% of its sales from gear boxes for tanks and navy ships, the rest with gear boxes for civilian purposes such as compressors. Renk has booked orders totalling of 3.9 billion euros ($4.3 billion), including framework contracts, according to the CEO. Bankers estimate Renk's value to be around 2.5 billion euros in case of an IPO.

Persons: Berlin, Susanne Wiegand, embargoed, Wiegand, Triton, Renk, Alexander Hübner, Sabine Siebold, Rachel More, David Holmes Organizations: Renk, Volkswagen, VW, Bankers, Thomson Locations: MUNICH, U.S, Munich, Berlin, Germany, Bavarian, Augsburg

June 22 (Reuters) - Movie director and submersible maker James Cameron said on Thursday he wishes he had sounded the alarm earlier about the submersible Titan that imploded on an expedition to the Titanic wreckage, saying he had found the hull design risky. He is part of the small and close-knit submersible community, or Manned Underwater Vehicle (MUV) industry. I wish I'd spoken up, but I assumed somebody was smarter than me, you know, because I never experimented with that technology, but it just sounded bad on its face," Cameron told Reuters in a Zoom interview. The sub imploded," Cameron said. The five who died mark the first deep-sea fatalities for the industry, Cameron said.

Persons: James Cameron, Cameron, Oscar, OceanGate, We've, Rollo Ross, Daniel Trotta, Leslie Adler Organizations: Triton Submarines, Vehicle, Reuters, American Bureau of Shipping, U.S . Coast Guard, Navy, Wall Street, Thomson Locations: U.S

[1/2] The Titan submersible, operated by OceanGate Expeditions to explore the wreckage of the sunken SS Titanic off the coast of Newfoundland, dives in an undated photograph. Moreover, they say the tragedy of the Titan submersible that imploded during its expedition to the wreckage of the Titanic was an outlier, given that the maker of the vessel opted against certifying the vessel, defying industry convention. Industry experts say they were the first known fatalities in more than 60 years of civilian deep-sea submergence. While acknowledging the loss of life aboard the Titan, Ketter said "the facts are the facts" when it came to the experimental path OceanGate chose to take. "It's not that the regulations would be irrelevant, but they probably wouldn't be the biggest forcing function on the industry," Manley said.

Persons: James Cameron, Oscar, Cameron, OceanGate, Will Kohnen, Kohnen, Rush, John Mauger, Ofer Ketter, Ketter, Justin Manley, Manley, Brad Brooks, Daniel Trotta, Stephen Coates Organizations: OceanGate Expeditions, REUTERS, Titan, OceanGate Inc, Everett, Triton, Vehicle, American Bureau of Shipping, Marine Technology, Stockton Rush, . Coast Guard, Marine Technology Society, Thomson Locations: Newfoundland, Everett , Washington, Costa Rica

[1/2] The Titan submersible, operated by OceanGate Expeditions to explore the wreckage of the sunken SS Titanic off the coast of Newfoundland, dives in an undated photograph. Industry experts say they were the first known fatalities in more than 60 years of civilian deep-sea submergence. But even as industry leaders braced for increased scrutiny, they said it was difficult to forecast what sort of changes may come. While acknowledging the loss of life aboard the Titan, Ketter said "the facts are the facts" when it came to the experimental path OceanGate chose to take. "It's not that the regulations would be irrelevant, but they probably wouldn't be the biggest forcing function on the industry," Manley said.

☆ How deep is the ocean? Deeper than the highest point on Earth's surface, by more than a mile
▼ + stars: | 2023-06-22 | by ( Jessica Orwig | ) www.businessinsider.com time to read: +4 min

The ocean is significantly deeper than the highest point on Earth's surface. If you took the highest point on land and submerged it, you would still have more than a mile between you and the deepest point in the ocean. The Challenger Deep is the deepest point on Earth. In 1960, oceanographer Jacques Piccard and Lt. Don Walsh descended to the lowest point on Earth, Challenger Deep, at a record 25,979 feet below the surface. Scientists have sent half a dozen unmanned submersibles to explore Challenger Deep including Kaiko, which collected over 350 species on the seafloor between 1995 and 2003.

Persons: Cuvier, Robert Smits, Herbert Nitsch, Nitsch, We've, Ralph White, Mariana Trench, Trench, Jacques Piccard, Don Walsh, Victor Vescovo, Vescovo Organizations: Service, USS Triton Locations: California, Austrian, Mariana, Everest

But Titan, the lost submersible from the company OceanGate, is a technological maverick based on novel concepts that differ from standard designs. “I’ve had three people ask me about making a dive on it,” he said in reference to the lost submersible. Private vessels — those used on superyachts, exploratory craft, tourists jaunts — are not formally regulated by any governmental or intergovernmental agency. Nor do they meet the rigorous standards that are applied to deep-sea craft used by the United States Navy and other government agencies. “We are proud that every submersible delivered remains in active service and certified to its original design depth,” it says on the company’s website.

Persons: ”, Bruce H, Robison, Alfred S, McLaren, Navy submariner, “ I’ve, ‘, OceanGate, submersibles, jaunts, Jennifer, Dr Organizations: Aquarium Research, Explorers Club of New, United States Navy, Lloyd’s, American Bureau of Shipping, ” Triton, Triton Locations: Monterey, California, Navy, Explorers Club of New York City, British, Everett, Wash, Houston, American

☆ 'Avatar' filmmaker James Cameron and billionaire Ray Dalio invested in a submarine company. See inside the submersibles popular with the über-rich.
▼ + stars: | 2023-06-20 | by ( Grace Kay | ) www.businessinsider.com time to read: 1 min

In December, Triton Submersibles announced that Bridgewater's Ray Dalio and Hollywood filmmaker James Cameron had each taken an equity stake in the company. James Cameron (left) and Ray Dalio (right). Its not the first time the two men have worked together. In 2021, National Geographic announced a docuseries called "OceanXplorers" executive produced by Cameron and Dalio. Source: Triton Submersibles, National Geographic

Persons: Triton Submersibles, Ray Dalio, James Cameron, Getty, Cameron, Dalio Organizations: National Geographic

☆ The Titanic is slowly but surely disappearing — here's what the wreck looks like now
▼ + stars: | 2023-06-20 | by ( Aylin Woodward | Azmi Haroun | ) www.businessinsider.com time to read: +2 min

The Titanic sank on April 15, 1912, after it hit an iceberg during its maiden voyage from England to New York. Since then, dozens of manned and unmanned submersibles have visited and photographed the Titanic's disintegrating body on the sea floor — and some have gone missing en route. The ship had been on its maiden voyage to New York City, but hit an iceberg about 400 miles from Newfoundland. Since then, dozens of manned and unmanned submersibles have visited the Titanic's underwater remains. In fact, scientists think the entire shipwreck could vanish by 2030 due to bacteria that's eating away at the metal.

Persons: — Organizations: Service, US Navy, Triton Submarines Locations: England, New York, New York City, Newfoundland .

☆ How audio startup PodCo is cashing in on Disney and Nickelodeon nostalgia with podcasts hosted by the stars of shows like 'Wizards of Waverly Place'
▼ + stars: | 2023-06-15 | by ( Reed Alexander | ) www.businessinsider.com time to read: +10 min

PodCo produces podcasts themed around Nickelodeon and Disney Channel shows from the past two decades. Since their debut, several PodCo shows have ranked among the top 10 television and film podcasts on platforms like Spotify and Apple Podcasts, according to Chartable. Along with the hosts, other big-name alums have made appearances on PodCo shows, which are also recorded on video and viewable on YouTube. So when he heard Carlson Romano and Rooney's idea, he leapt at the chance to bring the show back in a new form. Some have written to him personally to say the "Ned's" podcast is leaving them feeling less isolated in their own lives, he added.

Persons: Stevens, Christy Carlson Romano, Brendan Rooney, Kim, Ned Bigby, Harper Finkle, PodCo, Rooney, Krystal Eve, Carlson Romano, Ren Stevens, Jenna Fischer, Angela Kinsey, Selena Gomez, Jennifer Stone, David DeLuise, Stone, Lee Citron, Stone —, California —, —, it's, wouldn't, Alyson Stoner, Zack, Cody, Devon Werkheiser, Werkheiser, Scott Simock, PodCo's, Reed Alexander Organizations: Nickelodeon, Disney Channel, Wizards, Marine Corps, Columbia University, American Film Institute, Apple, PodCo, Edison Research, Triton, Intelligence, Disney, Paramount, Netflix, YouTube, Social, Spotify Locations: Waverly, Hollywood, NBC's, California, TikTok, Texas

Henriette Borgund knows attackers can find weaknesses in the defences of a big renewables power company - she's found them herself. She joined Norway's Hydro (NHY.OL) as an "ethical hacker" last April, bringing years of experience in military cyberdefence to bear at a time of war in Europe and chaos in energy markets. They're nervously monitoring a hybrid war where physical energy infrastructure has already been targeted, from the Nord Stream gas pipelines to the Kakhovka dam. It said Russia had tried to destroy digital networks and cause power cuts, and that missile attacks on facilities were often accompanied by cyberattacks. "Companies in the energy space, their core business is producing energy, not cybersecurity," said Jalal Bouhdada, CEO of cybersecurity firm Applied Risk, a division of DNV.

Persons: Nora Buli, Henriette Borgund, she's, shoring, Michael Ebner, cyberattacks, didn't, Swantje Westpfahl, James Forrest, Cem Gocgoren, Stephan Gerling, Mathias Boeswetter, Leonhard Birnbaum, Jalal Bouhdada, Nina Chestney, Christoph Steitz, America Hernandez, Paris Pavel Polityuk, Guy Faulconbridge, Pravin Organizations: REUTERS, Norway's Hydro, Reuters, Hydro's Oslo, Hydro, Ukraine, cyberattacks, Germany's Institute for Security, TRITON, Triton, Svenska, ICS CERT, University of Tulsa, E.ON, " Companies, Pravin Char, Thomson Locations: Norwegian, Fosen, Norway, Ukraine, OSLO, LONDON, FRANKFURT, Europe, Nord, Russia, Ukrainian, Moscow, United States, Russian, Capgemini, Saudi, Swedish, DNV, Oslo, London, Frankfurt, Paris, Kiev

Brookfield and DigitalBridge are leading opposing bidding consortia in the auction for privately held DigitalBridge, the sources said, adding an outcome is expected by next month. The terms of Compass' debt allow for it to be taken over by a new owner without it being refinanced, one of the sources said. The Deal reported in February that Compass Datacenters was exploring a sale. Compass Datacenters, Brookfield Infrastructure Partners and DigitalBridge declined to comment. During the same month, Brookfield Infrastructure also acquired freight container lessor Triton International Ltd (TRTN.N) for about $4.7 billion.

Persons: Dealmaking, Brookfield, Milana Vinn, Anirban Sen, Daniel Wallis Organizations: Brookfield Infrastructure Partners, DigitalBridge, RedBird Capital Partners, Ontario, Azrieli, Brookfield Infrastructure, Reuters, Triton International, Boca, Thomson Locations: Brookfield, Dallas , Texas, Data4, Boca Raton , Florida, New York

☆ Inside PodCo, the startup cashing in on Nickelodeon and Disney nostalgia, drawing hundreds of thousands of listeners, and scoring brand deals with stars of shows like 'Wizards of Waverly Place'
▼ + stars: | 2023-05-18 | by ( Reed Alexander | ) www.businessinsider.com time to read: +10 min

"Even Stevens" star Christy Carlson Romano and her husband, Brendan Rooney, founded the startup. Since their debut, several PodCo shows have ranked among the top 10 television and film podcasts on platforms like Apple Podcasts, according to Chartable. Along with the hosts, other big-name alums have made appearances on PodCo shows, which are also recorded on video and viewable on YouTube. So when he heard Carlson Romano and Rooney's idea, he leapt at the chance to bring the show back in a new form. Some have written into him personally to say the "Ned's" podcast is leaving them feeling less isolated in their own lives, he added.

☆ Halle Bailey 'honored' to play Ariel in 'Little Mermaid' remake
▼ + stars: | 2023-05-09 | by ( Rollo Ross | ) www.reuters.com time to read: +2 min

[1/3] Cast member Halle Bailey attends the premiere of the film "The Little Mermaid" in Los Angeles, California, U.S., May 8, 2023. REUTERS/Mario AnzuoniLOS ANGELES, May 9 (Reuters) - Black American singer Halle Bailey has said she was "honored" to play Ariel in the live action remake of "The Little Mermaid", adding she hoped to inspire children of colour with the new iteration of the beloved Disney animation. "It's so important for little girls to see themselves in things, in movies, in representation," said Awkwafina (Nora Lum), who voices the seagull Scuttle. The film's premiere took place amid a nearly week-long strike by thousands of film and television writers in Hollywood. Reporting by Rollo Ross; Writing by Rollo Ross and Marie-Louise Gumuchian; Editing by Sharon SingletonOur Standards: The Thomson Reuters Trust Principles.

☆ Brookfield Infrastructure Expands Supply-Chain Footprint with Triton International Acquisition
▼ + stars: | 2023-04-12 | by ( Adriano Marchese | ) www.wsj.com time to read: 1 min

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☆ Stocks making the biggest moves premarket: Shopify, Global Payments, MongoDB and more
▼ + stars: | 2023-04-12 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Shopify — Shares of the e-commerce company gained 2.4% after JMP upgraded Shopify to market outperform from market perform. The firm assigned the company a price target of $65 per share, implying a 45.1% upside from Tuesday's close. MongoDB — The software company's stock price rose 2.8% in premarket trading after Morgan Stanley upgraded MongoDB to overweight from equal weight, citing the company's leadership in cloud optimization initiatives. Analyst Brennan Hawken increased his price target to $385 from $350, suggesting shares stand to gain 17.6% from Tuesday's close price. The firm also lifted its price target to $55, which suggests a 27% from Tuesday's closing price.

☆ Stocks making the biggest moves midday: MongoDB, American Airlines and more
▼ + stars: | 2023-04-12 | by ( Jesse Pound | ) www.cnbc.com time to read: +3 min

Employees of American Airlines help check in passengers at Ronald Reagan Washington National Airport on January 11, 2023 in Arlington, Virginia. Here's a look at some of the stocks making the biggest moves on Wednesday. MongoDB — Shares jumped 9.4% after Morgan Stanley upgraded MongoDB to overweight from equal weight, citing the software company's leadership in cloud optimization initiatives. American Airlines , Delta Air Lines , United Airlines — Shares of the major airline companies were under pressure on Wednesday after American Airlines updated its first-quarter guidance. Shares of American fell more than 9%, while United dropped about 2% and Delta shed nearly 6%.

☆ Brookfield Infrastructure to take Triton International private for $4.7 bln
▼ + stars: | 2023-04-12 | by ( ) www.reuters.com time to read: 1 min

April 12 (Reuters) - Brookfield Infrastructure (BIPC.N) said on Wednesday it would buy intermodal container lessor Triton International Ltd (TRTN.N) for about $4.7 billion, to help expand its services in the transportation and logistics sector. Brookfield has offered about $85 per Triton common share consisting of $68.50 in cash and $16.50 in BIPC class A exchangeable shares. The offer represents a premium of nearly 35% to Triton stock's last close. Goldman Sachs is the financial adviser to Triton and Sullivan & Cromwell LLP the legal adviser. Reporting by Nathan Gomes in Bengaluru; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

☆ Defence contractors target Australia as it gears up to counter China
▼ + stars: | 2023-03-02 | by ( Jamie Freed | ) www.reuters.com time to read: +4 min

The firms are pushing for billions of dollars' worth of purchases expected after Australia's long-awaited defence strategic review (DSR) is made public next month, setting out the force structure and equipment required over the next decade. The government's aim is to "speed up the acquisition cycle" and move as quickly as possible once the review is public, Defence Industry Minister Pat Conroy told reporters on Wednesday. Australia ranked 12th globally in military spending in 2021 at $31.8 billion, according to the Stockholm International Peace Research Institute. Lockheed was selected last year alongside Raytheon Technologies Corp (RTX.N) to accelerate the manufacture and delivery of guided weapons to Australia. In-country assembly, and eventually manufacturing, are a focus of the project that aims to build local stockpiles, said Ken Kota, vice president of Lockheed's Australian defence strategic capabilities office.

☆ Cramer's lightning round: Triton International is not a buy
▼ + stars: | 2023-02-10 | by ( Krystal Hur | ) www.cnbc.com time to read: 1 min

Loading chart...Triton International Ltd : "I'm going to have to say, let's take a pass on that one." Loading chart...Baxter International Inc : "I'd rather see you in Dexcom ." Loading chart...A. O. Smith Corp : "A. O. Smith is the kind of company that makes stuff, does things, returns capital to shareholders. Unity Software Inc : "Unity Software stinks." Loading chart...BigBear.ai Holdings Inc : "How do I say, sell, sell, sell, sell, sell."

☆ 'Avatar' filmmaker James Cameron and billionaire Ray Dalio invested in a submarine company. See inside the submersibles popular with the uber-wealthy.
▼ + stars: | 2023-01-17 | by ( Grace Kay | ) www.businessinsider.com time to read: 1 min

In December,Triton Submersibles announced that Bridgewater's Ray Dalio and Hollywood filmmaker James Cameron had each taken an equity stake in the company. James Cameron (left) and Ray Dalio (right). Its not the first time the two men have worked together. In 2021, National Geographic announced a docuseries called "OceanXplorers" executive produced by Cameron and Dalio. Source: Triton Submersibles, National Geographic

☆ 20 jaw-dropping images from NASA's powerful new James Webb Space Telescope
▼ + stars: | 2022-12-25 | by ( Morgan Mcfall-Johnsen | Paola Rosa-Aquino | ) www.businessinsider.com time to read: 1 min

The new image also shows seven of Neptune's 14 known moons. The bright blue feature that looks like a star is actually Neptune's largest moon, Triton. Zooming in on Neptune shows Webb captured its rings. Neptune has 14 known satellites, and seven of them are visible in this image. NASA, ESA, CSA, and STScI

☆ The M&A market just went out with a bang after a terrible year, and it could be a sign of good times to come
▼ + stars: | 2022-12-13 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

(Hint: it's not on Wall Street.) Meanwhile, the largest deal of the year — Microsoft's $68.7 billion bid for Activision — might not even happen, thanks to regulators. But credit unions and community banks aren't happy with the new terms, The Wall Street Journal reports. Big tech nabs from Wall Street. Company culture on Wall Street: not great!

But satellite images and photos show the Chinese-owned ship had loaded the oil four months earlier in Venezuela, an OPEC nation in South America under U.S. oil sanctions. Two of those tankers, including the Young Yong, were designated this month by U.S. authorities for violating sanctions on Iran, one of Venezuela's closest allies. The U.S. Treasury declined to comment on the involvement of the Young Yong or the other vessels identified by Reuters in shipping Venezuela crude. Indonesian authorities said in early November that the Young Yong had run aground off the Riau Islands on Oct. 26. The United States imposed oil trading sanctions on Venezuela in 2019 after calling Maduro's re-election the previous year a sham.

☆ Neptune Looks Out of This World in Latest James Webb Telescope Image
▼ + stars: | 2022-09-22 | by ( Joseph Pisani | ) www.wsj.com time to read: 1 min

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☆ NASA's James Webb Space Telescope just snapped the clearest image of Neptune's rings in 33 years
▼ + stars: | 2022-09-21 | by ( Paola Rosa-Aquino | ) www.businessinsider.com time to read: +4 min

New infrared images from the James Webb Space Telescope show detailed views Neptune's rings. Neptune's rings taken in infrared by the James Webb Space Telescope, right. On the left is a composite of two images of Neptune's rings taken by Voyager 2. Thomas Zurbuchen, associate administrator of NASA's Science Mission Directorate, wrote about Webb's Neptune images on Twitter Wednesday. The James Webb Space Telescope's Near-Infrared Camera image of Neptune and its rings.

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