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☆ ABC: Trump allegedly discussed sensitive nuclear submarine information with a Mar-a-Lago member
▼ + stars: | 2023-10-05 | by ( Kaanita Iyer | ) edition.cnn.com time to read: +5 min

CNN —Former President Donald Trump allegedly discussed potentially sensitive information about US nuclear submarines with a member of his Mar-a-Lago resort in Palm Beach, Florida, following his presidency, ABC reported Thursday. The member is Australian billionaire Anthony Pratt, sources told ABC. He added that he heard Pratt sharing potentially sensitive information minutes after his meeting with the former president, sources told ABC. But Pratt told investigators that he was not shown any government documents, the sources said. Similarly, we share weapons technology.”However, even if submariners in Australia knew the information Trump relayed to Pratt, if the information was classified, then it was illegal to share publicly.

Persons: Donald Trump, Anthony Pratt, CNN’s Kaitlan Collins, Pratt, Trump, CNN’s Kristen Holmes, ”, Jack Smith’s, Smith, Joe Hockey, CNN’s Collins Organizations: CNN, ABC, ” ABC, Trump, Department, Justice, Australia, ” Hockey, Pratt Industries, White, GOP Locations: Lago, Palm Beach , Florida, Russian, Australian, Australia, Ohio, America, Bedminster , New Jersey, Iran

☆ Trump bragged to an Australian businessman about a highly secret detail regarding US submarines
▼ + stars: | 2023-10-05 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

Trump also may have shared highly sensitive details with an Australian billionaire, per ABC News. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . A Trump spokesperson told Insider in an email that the leak of the disclosure is "illegal" and lacks "proper context and relevant information." It's unclear if Trump relayed accurate information, but investigators have asked Pratt not to repeat it elsewhere, sources told ABC News. AdvertisementAdvertisementAccording to the report, the potentially sensitive discussion around submarines came up after Pratt remarked to Trump that Australia should buy US submarines.

Persons: Donald Trump, Trump, —, Donald Trump didn't, Anthony Pratt, Pratt, Jack Smith's, Smith Organizations: ABC, Service, Justice Department, Mar, Lago Club, ABC News, Trump, Department, Justice, Australia, US Locations: Australian, Russian, Australia, Trump, France

☆ Arnold Schwarzenegger's granddaughter is more obsessed with his pet horses than she is with him
▼ + stars: | 2023-09-30 | by ( Dan Heching | ) edition.cnn.com time to read: +1 min

CNN —When it comes to Arnold Schwarzenegger’s grandchildren and his love for animals, it turns out the apple doesn’t fall far from the tree. Schwarzenegger – who is grandfather to daughter Katherine Schwarzenegger’s two children with Chris Pratt, Lyla and Eloise – says three-year-old Lyla is especially fond of his many pets, which includes a dog, a miniature horse, a donkey and a pig. When Lyla comes to visit him, the former California governor told People in an interview published on Saturday that “the first thing that Lyla would say is, ‘Where’s Cherry?’ Which is my little dog. “Then I get the pig around and then she likes the pig and feeds the pig,” Schwarzenegger described. Let’s go out to the stable and see the horses.’ Okay, then take my hand and then we walk out to the fields and she goes to the stables and she visits the horses.”

Persons: Arnold Schwarzenegger’s, Schwarzenegger –, Katherine Schwarzenegger’s, Chris Pratt, Lyla, Eloise –, ‘, ‘ Cherry’s, “, ‘ Cherry, ’ ” Schwarzenegger, Cherry, ” Schwarzenegger, Let’s, ” Organizations: CNN Locations: California

☆ Airbus nears decision on new planemaking leadership - sources
▼ + stars: | 2023-09-15 | by ( Tim Hepher | ) www.reuters.com time to read: +3 min

[1/2] An Airbus logo is pictured at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 19, 2023. Industry sources said a final decision on the shake-up was likely in coming weeks, capping weeks of speculation after Reuters reported the looming reorganisation in July. Airbus Helicopters CEO Bruno Even had earlier been cited as a possible candidate for the top planemaking role. But the focus of speculation has widened to Chief Commercial Officer Christian Scherer, a veteran of the Airbus planemaking business who has also had stints at the Defence division and in running turboprop joint-venture ATR, industry sources said. His appointment would herald broad continuity at the company's main planemaking business, which accounts for most of the company's revenue.

Persons: Benoit Tessier, Christian Scherer, Guillaume Faury, Bruno, Scherer, Tim Hepher, Louise Heavens Organizations: Airbus, Paris, REUTERS, Rights, Industry, Reuters, Airbus Helicopters, Defence, France, Jefferies, Bombardier, Pratt, Whitney, Airbus Defence & Space, Military Air Systems, FCAS, Thomson Locations: Le Bourget, Paris, France, Ukraine, Germany, United States

☆ MTU CFO: will talk to Pratt & Whitney about compensation for 700 mln euro cash flow hit
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +2 min

The MTU Aero Engines logo is displayed at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 22, 2023. REUTERS/Benoit Tessier/File photo Acquire Licensing RightsBERLIN, Sept 13 (Reuters) - MTU Aero Engines (MTXGn.DE) will talk to U.S. partner Pratt & Whitney about compensation for an estimated 700 million euro hit to its cash flow caused by problems with its partner's geared turbofan engines, the German aircraft engine maker's chief financial officer said on Wednesday. The problems would not markedly affect the current year but will result in a hit to cash flow of about 700 million euros ($751.45 million), which will be felt mainly in 2024 and 2025, with some spillover in 2026, according to CFO Peter Kameritsch. MTU said in a statement earlier on Wednesday that it is considering leaving the "significant resulting charges" on reported revenue and earnings figures for 2023 out of its current year guidance. ($1 = 0.9315 euros)Reporting by Christina Amann, Writing by Miranda Murray, Editing by Rachel More, Elaine HardcastleOur Standards: The Thomson Reuters Trust Principles.

Persons: Benoit Tessier, Pratt, Peter Kameritsch, Kameritsch, Lars Wagner, Christina Amann, Miranda Murray, Rachel More, Elaine Hardcastle Organizations: International Paris Air, Le, REUTERS, Rights, Aero, Whitney, German, Pratt & Whitney, RTX Corp, Thomson Locations: Le Bourget, Paris, France

TOKYO (AP) — Asian shares were trading mixed Tuesday following a Big Tech rally on Wall Street, as investors awaited an update on U.S. consumer prices set for later in the week. The Federal Reserve is weighing whether to keep raising interest rates steady in its effort to get inflation back to 2%. Monday on Wall Street, the S&P 500 rose 0.7% to 4,487.46, coming off its first losing week in the last three. How Apple performs has great consequence for the market because it's the most valuable stock on Wall Street. In energy trading, benchmark U.S. crude gained 32 cents to $87.61 a barrel in electronic trading on the New York Mercantile Exchange.

Persons: Australia's, Hang Seng, ” Anderson Alves, ActivTrades, Tesla, Apple, RTX, Smucker, Daniel Zhang Organizations: TOKYO, Big Tech, Nikkei, Federal, Fed, Federal Reserve, CME Group, Dow Jones Industrial, Nasdaq, Amazon, Communications, Walt Disney Co, ESPN, Disney, Apple, Qualcomm, . Aerospace, Pratt & Whitney, Hostess Brands, New York Mercantile Exchange, Brent, U.S Locations: Hong, Shanghai, U.S, Folgers, Smucker’s, United States

RTX said on Monday it would have to pull 600 to 700 of its Pratt & Whitney Geared Turbofan (GTF) engines from Airbus A320neo jets for quality inspections over the next three years. The engine issue was first disclosed in July, but RTX made the extent of the problem clearer on Monday. The announcement caused waves up and down the industry, from component manufacturers like Japan's Kawasaki Heavy Industries to airline carriers like Germany's Lufthansa that rely on the popular Airbus jets. In July, RTX said microscopic contaminants were found in a powdered metal used in high-pressure turbine discs that are part of the GTF engine's core. RTX is one of two manufacturers of engines for the popular narrowbody Airbus A320neo, the other being CFM International, a joint venture between GE (GE.N) and Safran (SAF.PA).

Persons: Benoit Tessier, RTX, Guillaume Faury, Ken Herbert, Japan's IHI, Safran, Valerie Insinna, Rajesh Kumar Singh, Abhijith, Aniruddha Ghosh, Mehr Bedi, David Gaffen, Arun Koyyur Organizations: Raytheon Technologies Corporation, International Paris Air, Le, REUTERS, Aerospace, Airbus, Pratt & Whitney, Washington D.C, Japan's Kawasaki Heavy Industries, Lufthansa, Raytheon, United Technologies, Capital, AIRLINES, HIT Aerospace, London, Melrose Industries, Kawasaki Heavy Industries, Aero, Air New Zealand, Singapore Airlines, Wizz, Airbus A320neo, CFM International, GE, Thomson Locations: Le Bourget, Paris, France, Washington, RTX, New Delhi, Bengaluru

☆ Airlines, suppliers set to take a hit from RTX's jet engine issues
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +1 min

A Raytheon Technologies (RTX) logo is pictured during the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 19, 2023. REUTERS/Benoit Tessier Acquire Licensing RightsSept 12 (Reuters) - Airlines and aerospace suppliers are expected to take a hit after RTX Corp (RTX.N) said on Monday 600-700 engines on Airbus A320neo jets need to be inspected for quality issues, which could ground hundreds of aircraft through 2026. In July, RTX said microscopic contaminants were found in a powdered metal used in high-pressure turbine discs that are part of the Pratt & Whitney Geared Turbofan (GTF) engine's core. The presence of those contaminants could lead to cracks in the engine. The following airlines and aerospace suppliers expect to be affected:($1 = 0.8015 pounds)($1 = 0.9317 euros)Compiled by Pratyush Thakur in Bengaluru; Edited by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

Persons: Benoit Tessier, RTX, Pratyush Thakur, Shounak Dasgupta Organizations: Raytheon Technologies, Paris, REUTERS, Airlines, RTX Corp, Airbus, Pratt & Whitney, Thomson Locations: Le Bourget, Paris, France, Bengaluru

☆ NATO's 2 least-friendly members have a history of aerial showdowns, and they're both about to get new stealth jets
▼ + stars: | 2023-09-12 | by ( Paul Iddon | ) www.businessinsider.com time to read: +7 min

Greece and Turkey both plan to roll out new stealth jets by the end of the decade. Greece is acquiring F-35s from the US, while Turkey is building the domestically designed TF Kaan. The TF KAAN at its presentation ceremony in Ankara on May 1. AdvertisementAdvertisementBohl said several factors could hinder timely production of the TF Kaan, including fiscal considerations, national spending priorities, and Ankara's foreign partnerships. Stealth jets over the AegeanAn F-16 with Greece's Zeus solo display team at an airshow in Pireus in November 2016.

Persons: Dhruv Gopinath, Pratt, Whitney, Ryan Bohl, RANE, Yavuz Ozden, Bohl, George Tzogopoulos, Tzogopoulos, Greece's, George Panagakis, Cuneyt Organizations: NATO, Service, US Air Force, Souda Air Base, Tech, Turkish Aerospace Industries, GE, East, TF, Hellenic Air Force, Turkish, BAE Systems, Stealth, Pacific Press, Getty, NATO Air Policing, Anadolu Agency, Ankara Locations: Greece, Turkey, Wall, Silicon, Dhruv Gopinath Athens, Ankara, North Africa, Turkish, Crete, Azerbaijan, Pakistan, Pireus, Athens, Malbork, Poland

☆ Air New Zealand sees 'significant' hit to flight schedule from RTX engine issue
▼ + stars: | 2023-09-11 | by ( Rajesh Kumar Singh | ) www.reuters.com time to read: +2 min

REUTERS/Loren Elliott(Reuters) -Air New Zealand on Tuesday warned that inspections of RTX’s Pratt & Whitney engines would have a “significant” impact on its flight schedule from next year. “This issue will further reduce engine availability and is expected to have a significant impact on the airline’s schedule from January 2024,” Air New Zealand said in a statement. Air New Zealand has 16 A320neo jets in its fleet of 106 aircraft, servicing Australia and the Pacific Island markets and, to a much lesser extent, the domestic market. Major customers that took delivery of affected A320neo jets include Spirit Airlines, JetBlue Airways, Hawaiian Airlines and Wizz Air, according to aviation data provider Cirium. Hungary’s Wizz Air, one of Europe’s largest lost-cost airlines, on Monday said its capacity could be reduced by 10% in the second half of 2024 as a result.

Persons: Loren Elliott, RTX’s Pratt, Greg Hayes Organizations: Air, Sydney Airport, REUTERS, Reuters, Zealand, Whitney, Airbus, ” Air, Air New, Pacific, Spirit Airlines, JetBlue Airways, Hawaiian Airlines, Wizz Locations: Zealand, Sydney, Australia, Air New Zealand

Visitor passes the Raytheon Technologies Corporation (RTX) logo at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 22, 2023. In July, RTX said a rare powder metal defect could lead to the cracking of some engine components and called for accelerated inspections affecting 200 engines by mid-September. Repair work that CEO Greg Hayes had initially expected would take 60 days is now projected to last up to 300 days per engine. An average of 350 jets could be grounded per year through 2026, with as many as 650 jets sitting idle in the first half of 2024. Disclosing higher-than-expected gross costs of $6-7 billion for dealing with the problem, RTX said it expected an up to $3.5 billion pre-tax hit to profits over the next several years.

Persons: Benoit Tessier, Pratt & Whitney, RTX, Greg Hayes, Safran, Hayes, Germany's, Robert Stallard, Valerie Insinna, Abhijith, Tim Hepher, Arun Koyyur, Nick Zieminski, Grant McCool Organizations: Raytheon Technologies Corporation, International Paris Air, Le, REUTERS, Pratt &, RTX Corp, Airbus, Pratt, Raytheon, GE, CFM, Boeing, Aero, Germany's Lufthansa, AIRBUS, U.S, Spirit Airlines, JetBlue Airways, Hawaiian Airlines, Jefferies, Vertical Research Partners, Thomson Locations: Le Bourget, Paris, France, Clayville , New York, Washington, Bengaluru

☆ MTU sees billion-euro hit to earnings on turbofan woes
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +1 min

The MTU Aero Engines logo is displayed at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 22, 2023. REUTERS/Benoit Tessier/File photo Acquire Licensing RightsSept 11 (Reuters) - Problems with the turbofan engines at U.S. partner Pratt & Whitney led MTU Aero Engines (MTXGn.DE) to issue a profit warning on Monday, with measures to rectify the issue expected to deal a billion-euro blow to the German company's earnings. MTU said an expanded inspection of the geared turbofan engines at Pratt & Whitney could result in a hit to revenue and reported EBIT of around 1 billion euros ($1.07 billion) in the current financial year. MTU has an 18% share in the geared turbofan engines, which power Airbus' (AIR.PA) A320neo family of aircraft. Earlier Monday, the U.S. company said it expected a financial burden of $3-3.5 billion as a result of the problems.

Persons: Benoit Tessier, Pratt, Pratt & Whitney, Anna Mackenzie, Rachel More, Friederike Heine, David Evans Organizations: International Paris Air, Le, REUTERS, Whitney, MTU Aero, Pratt &, Pratt & Whitney, RTX Corp, Airbus, U.S ., Thomson Locations: Le Bourget, Paris, France, U.S

The issue also forced RTX to decrease its $9 billion free cash flow goal for 2025 to approximately $7.5 billion. The quality issue relates to a "rare condition" in powder metal used to manufacture engine parts, such as high pressure turbine disks and high-pressure compressor disks, that could result in micro-cracks and fatigue. Pratt & Whitney is also analyzing the impact of the quality issue on other engine models in its fleet, but that impact is expected to be far less, RTX said. The company expects to release a service bulletin in the next 60 days laying out an inspection protocol for high pressure turbine disks and compressor disks. It also plans to add maintenance capacity and increase part output to help mitigate the impact to GTF customers, RTX, said.

Persons: Benoit Tessier, RTX, Pratt & Whitney, Valerie Insinna, Abhijith, Arun Koyyur, Nick Zieminski Organizations: Raytheon Technologies Corporation, International Paris Air, Le, REUTERS, Aerospace, RTX, Airbus, Raytheon, Pratt &, Thomson Locations: Le Bourget, Paris, France, RTX, Washington, Bengaluru

☆ RTX to take $3 billion charge on Pratt & Whitney engine problem
▼ + stars: | 2023-09-11 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Model of a Pratt & Whitney GTF engine is displayed at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 20, 2023. RTX said Monday that an engine manufacturing flaw forcing accelerated inspections will hit its pretax results this quarter by $3 billion, sending the company's shares down more than 6% in morning trading. The problem stems from flaws with powder metal used to make some of the popular Pratt & Whitney GTF engines. But it said it expects a $1.5 billion hit to cash flow in 2025, bringing that estimate to $7.5 billion from an earlier estimate of $9 billion. Pratt & Whitney has a 51% share in the GTF PW1000 engine program and the cost will be shared with its partners including Germany's MTU.

Persons: Pratt & Whitney, RTX, Whitney Organizations: Pratt &, International Paris Air, Le, Pratt, Airbus, Raytheon Technologies Locations: Le Bourget, Paris, France

☆ US NTSB cites inadequate inspections in 2021 United Airlines engine failure
▼ + stars: | 2023-09-08 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

A United Airlines Boeing 777-200ER plane is towed as American Airlines Boeing 737 plane departs from O'Hare International Airport in Chicago, Illinois, U.S. November 30, 2018. Pratt & Whitney is a unit of RTX (RTX.N). Boeing and Pratt & Whitney did not immediately comment. United said on Friday it "closely collaborated with the NTSB, FAA, Boeing and Pratt and Whitney on each step of the investigation and are pleased to have these aircraft back in our fleet." United is the only U.S. operator of 777s with the PW4000 engine and had 52 of those planes as of 2022.

Persons: Kamil Krzaczynski, Pratt, Whitney, United, David Shepardson, Jonathan Oatis, Grant McCool Organizations: United Airlines Boeing, American Airlines Boeing, O'Hare International, REUTERS, Rights, National Transportation Safety, United Airlines, Boeing, Federal Aviation Administration, FAA, Pratt & Whitney, NTSB, Pratt, Thomson Locations: Chicago , Illinois, U.S, Colorado, Honolulu, Denver

WASHINGTON (AP) — An engine on a United Airlines jet broke up over Denver in 2021 because of wear and tear on a fan blade that was not adequately inspected for signs of cracking, federal investigators said Friday. The National Transportation Safety Board said manufacturer Pratt & Whitney did not call for inspections to be done frequently enough, which allowed tiny cracks to grow undetected, until the fan blade broke. The NTSB said the design and testing of the engine inlet contributed to the severity of the situation, and other factors made the engine fire worse than it should have been. The right-side engine of the Boeing 777 broke apart shortly after takeoff from Denver International Airport, raining parts over suburban neighborhoods. The Federal Aviation Administration grounded all U.S.-registered planes with the same PW4000 engines shortly after the February 2021 incident.

Persons: Pratt, Whitney Organizations: WASHINGTON, United Airlines, National Transportation Safety Board, NTSB, Boeing, Denver International Airport, Federal Aviation Administration Locations: Denver

☆ Hawaiian Airlines parent tempers outlook on Maui wildfire, engine issues
▼ + stars: | 2023-09-05 | by ( ) www.reuters.com time to read: +1 min

Hawaiian Airlines airplanes sit idle on the runway at the Daniel K. Inouye International Airport due to the business downturn caused by the coronavirus disease (COVID-19) in Honolulu, Hawaii, U.S. April 28, 2020. REUTERS/Marco Garcia Acquire Licensing RightsSept 5 (Reuters) - Hawaiian Holdings Inc (HA.O), the parent company of Hawaiian Airlines, said on Tuesday that its third-quarter revenue had been trending positively but was reversed after the West Maui wildfire affected travel demand. Hawaiian Airlines is among the major customers that took delivery of the affected A320neo jets, according to aviation data provider Cirium. The State of Hawaii has currently discouraged non-essential travel to West Maui through October, the company said. Hawaiian expects its operating revenue per seat mile for the current quarter to be down 4% to 7%, from earlier guidance for a reduction of 2% to 5%.

Persons: Daniel K, Marco Garcia, Pratt, Pratyush Thakur, Devika Organizations: Airlines, Inouye, REUTERS, Hawaiian Holdings Inc, Hawaiian Airlines, Pratt & Whitney, Airbus, ASM, Thomson Locations: Honolulu , Hawaii, U.S, Maui, State, Hawaii, West Maui, Bengaluru

☆ Lower Manhattan for Less Than $500,000? A Young Couple Knew They’d Need to Compromise.
▼ + stars: | 2023-08-31 | by ( Joyce Cohen | ) www.nytimes.com time to read: +2 min

Email: thehunt@nytimes.com]The couple contacted Matt DeSilva, an associate broker with Corcoran, whom Ms. Colley had met a few years before when she had a side hustle drawing floor plans for real estate agents. Mr. Mazumder, who is from Cleveland and has a Ph.D. in government from Harvard, is a writer and a cook. The couple, both 30, focused on co-ops priced up to $500,000, to translate into a monthly outlay of less than $3,000. “A lot of the time, the lower somebody’s budget, the higher their expectations.”Although Ms. Colley was happy to stay in her old stomping ground, Lower Manhattan won out. “I’ve been pretty used to not having those things,” Mr. Mazumder said.

Persons: Emma Colley, Shom Mazumder, Colley, ”, “, Matt DeSilva, Corcoran, Mazumder, Mr, DeSilva, I’ve Organizations: Pratt Institute, HGTV, Harvard University, Mr, Harvard, Lower Manhattan Locations: Boston, New York City, Clinton Hill, Bedford, Stuyvesant , Brooklyn, Rochester , N.Y, Cleveland, Lower

A new accounting shows that at least 523 institutions were part of the sprawling network of boarding schools for Native American children. ‘War Against the Children’ The Native American boarding school system — a decades-long effort to assimilate Indigenous people before they ever reached adulthood — robbed children of their culture, family bonds and sometimes their lives. “The government was not done with war, so the next phase involved war against the children,” said Mr. Sherman, 83, a former aerospace engineer. Now 76, his voice grows shaky when he recounts the punishments children received — and how children were turned into punishers. Library of Congress, Chronicling AmericaA precise accounting of how many children died at Native American boarding schools remains elusive.

The lessors have so far unsuccessfully argued in Indian courts to get their planes back, citing concerns that parts could go missing and hurt their assets. In a non-public filing dated July 28 and reviewed by Reuters, ACG submitted pictures and details to the Delhi High Court, listing missing parts from two Airbus A320 planes it inspected. These included the captain's "side stick" used to fly the aircraft, a tiller that helps steer it while on the ground, engine fan blades that were "completely missing", a partly missing toilet seat and an escape slide that had been removed. The filing does not say who took out the parts or how they went missing. Go First, whose lessors also include Standard Chartered's Pembroke Aircraft Leasing, SMBC Aviation and BOC Aviation, did not respond to a request for comment.

Persons: Adnan Abidi, ACG, Pratt, Aditi Shah, Aditya Kalra, William Mallard Organizations: REUTERS, NEW, Go, ACG Aircraft Leasing, Bankruptcy, Reuters, Court, Airbus, Pembroke Aircraft Leasing, SMBC Aviation, BOC Aviation, Raytheon, Whitney, Thomson Locations: New Delhi, India, NEW DELHI, Ireland, Delhi, U.S

☆ The word 'ESG' is vanishing from earnings calls. Here's what companies are pitching instead
▼ + stars: | 2023-08-26 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

But Mahaffy's research found that it is not necessarily because companies have leaned away from socially conscious strategies. Instead, she pointed a growing use of the term "sustainability," as well as other words like "climate" or "decarbonization" that fall under the ESG umbrella. It comes at a time when ESG has become increasingly fraught in the political sphere. Mahaffry noted that areas like the U.S. where ESG has received the most scrutiny have seen the biggest drops in use of the term on earnings calls. On WestRock's earnings call earlier this month, Sewell told listeners: "This is just one example of many of how WestRock's unique capabilities position us for growth."

Persons: —, Sara Mahaffy, ESG, it's, Williams, Alan Armstrong, Peter Vanacker, David Gitlin, Marvin Ellison, Joseph Dominguez, Dominguez, Robert Venkat Pragada, Whitney, REI, Satya Nadella, David Sewell, Sewell, Michael Bloom Organizations: RBC Capital, LyondellBasell Industries, Carrier, Constellation Energy, Engineering, Jacobs Solutions, Pratt, Microsoft, Sustainability, Costco Locations: U.S, ESG

☆ FAA issues requirement for GTF engine inspections to address high pressure turbine disk issue
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: +1 min

Pratt & Whitney logo is pictured on the GTF engine at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 20, 2023. REUTERS/Benoit Tessier Acquire Licensing RightsAug 18 (Reuters) - The Federal Aviation Administration will require some users of Pratt & Whitney's <RTX.> geared turbofan engine to conduct ultrasonic inspections of a key part within 30 days, the agency said in an airworthiniess directive published Friday. The new airworthiness directive codifies the regulator's response to the previously disclosed problem. RTX declined to comment on the directive. Reporting by Valerie InsinnaOur Standards: The Thomson Reuters Trust Principles.

Persons: Pratt, Whitney, Benoit Tessier, Pratt & Whitney, Valerie Insinna Organizations: International Paris Air, Le, REUTERS, Federal Aviation Administration, Pratt, Pratt &, RTX Corp, Airbus, Thomson Locations: Le Bourget, Paris, France

☆ US FAA issues 30-day inspection mandate for Pratt & Whitney GTF engines
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: +2 min

Pratt & Whitney logo is pictured on the GTF engine at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 20, 2023. Pratt & Whitney parent RTX Corp RTX.N announced in July that a "rare condition" in powdered metal meant 1,200 of more than 3,000 engines, built for the twin-engined Airbus (AIR.PA) A320neo between 2015 and 2021, have to be taken off and inspected for micro cracks. In an airworthiness directive published on Friday, the FAA requires an ultrasonic inspection of the first- and second-stage high-pressure turbine disks within 30 days. The FAA said the directive, which is effective immediately, affects 20 engines on U.S.-registered aircraft and 202 engines worldwide. Pratt & Whitney issued an instruction to operators on Aug. 4 to expedite inspections of the disks.

Persons: Pratt, Whitney, Benoit Tessier, Pratt & Whitney, RTX, Valerie Insinna, Matthew Lewis Organizations: International Paris Air, Le, REUTERS, Federal Aviation Administration, Pratt, Pratt &, RTX Corp RTX.N, FAA, Thomson Locations: Le Bourget, Paris, France, Washington

In an interview, O'Leary said this would not deter JetZero and its radical design. The Air Force said materials and manufacturing advances have made production more attainable. Whereas Boeing aimed to commission new engines for its abandoned project, JetZero says aerodynamic savings allow it to exploit existing models. Capital Alpha Partners analyst Byron Callan said the decision to back JetZero suggested Air Force "frustration" with traditional aerospace companies' use of cash to favor shareholders rather than bigger developmental risks. "One way to potentially change behaviors is to award contracts to smaller firms like JetZero," he wrote.

Persons: Carlos Barria, Tom O'Leary, O'Leary, they're, NORTHROP, Northrop Grumman, Ron Epstein, Byron Callan, JetZero, Valerie Insinna, Tim Hepher, Mark Potter Organizations: Pentagon, REUTERS, Rights, U.S . Air Force, The Air Force, Boeing, Airbus, Reuters, Air Force, Bank of America, Pratt, Capital Alpha Partners, Force, Thomson Locations: Arlington , Virginia, U.S, California, Asia, Kosovo

☆ Top Morningstar strategist tells investors to sell these 6 'overvalued' stocks — and names 5 to buy
▼ + stars: | 2023-08-16 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Despite last week's selloff, the strong rally this year means U.S. markets are now trading at only a small discount compared with the start of the year, says top Morningstar strategist Dave Sekera. He named six such stocks: Nvidia , Tesla , Oracle , Netflix , Apple , and Eli Lilly . Stocks to buy Still, Sekera said, there are opportunities in some stocks that investors can get into. He names five that he likes and that are still trading at a discount to their fair value. American Tower : This REIT, which owns cell phone towers, is trading at a 18% discount, Morningstar said.

Persons: selloff, Dave Sekera, CNBC's, Sekera, Eli Lilly, Morningstar, Stocks Organizations: Nasdaq, Nvidia, Tesla, Oracle, Netflix, Apple, Tech, Microsoft, Cognizant, Morningstar, Morningstar . U.S . Bancorp, U.S, Bank, Jacobs Solutions, RTX Corp, Pratt & Whitney Locations: U.S, Morningstar .

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