Militants set off bombs during Sri Lanka raid, killing 15

Raids and police curfews have shut down areas of eastern Sri Lanka, and Catholic leaders have canceled Sunday Masses indefinitely. Police spokesman Ruwan Gunasekara said that some of the dead likely were militants who blew themselves up in suicide bombings. Ranjith, who is the archbishop of Colombo, asked the faithful across Sri Lanka to stay home for their own safety. In Galle Face, a normally crowded ocean side park in Colombo near some of the hotels that were bombed, only a few people could b


Raids and police curfews have shut down areas of eastern Sri Lanka, and Catholic leaders have canceled Sunday Masses indefinitely. Police spokesman Ruwan Gunasekara said that some of the dead likely were militants who blew themselves up in suicide bombings. Ranjith, who is the archbishop of Colombo, asked the faithful across Sri Lanka to stay home for their own safety. In Galle Face, a normally crowded ocean side park in Colombo near some of the hotels that were bombed, only a few people could b
Militants set off bombs during Sri Lanka raid, killing 15 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-27
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Militants set off bombs during Sri Lanka raid, killing 15

A Sri Lankan soldier stands guard near a car explosion after the police tried to defuse a bomb near St. Anthony’s Shrine in Colombo on April 22, 2019, a day after the series of bomb blasts targeting churches and luxury hotels in Sri Lanka.

Militants linked to Easter suicide bombings opened fire and set off explosives during a raid by Sri Lankan security forces on a house in the country’s east, leaving behind a grisly discovery Saturday: 15 bodies, including six children.

The gunbattle that began Friday night and the carnage that followed come amid widespread fear of more attacks as officials hunt for militants with explosives believed to still be at large after the coordinated bombings of churches and luxury hotels that killed more than 250 nearly a week ago.

Raids and police curfews have shut down areas of eastern Sri Lanka, and Catholic leaders have canceled Sunday Masses indefinitely. Officials also urged Muslims to stay home for prayers in an extraordinary call by the clergy to curtail worship.

The gunfight came after police tipped off soldiers about a suspected safe house near the town of Sammanthurai, where authorities said the militants detonated three explosions and opened fire.

Police spokesman Ruwan Gunasekara said that some of the dead likely were militants who blew themselves up in suicide bombings. Earlier, the military said at least one civilian had been killed in the attack.

A girl and a woman survived the explosion at the suspected safe house but were critically injured and being treated at a nearby hospital, Gunasekara said.

Photographs taken by The Associated Press show the charred remains of one child and the body of another wearing a green T-shirt with the words “good boy” written on the back. The bodies of an adult woman and man were found after the explosion with their clothes burned off.

Meanwhile, the military said security forces had recovered explosives, detonators, “suicide kits,” military uniforms and Islamic State group flags in the ongoing raids.

Gunasekara said officers acting on information from intelligence officials also found 150 sticks of blasting gelatin and 100,000 small metal balls, as well as a van and clothing suspected of being used by those involved in the Easter attacks. Suicide bomb vests often are packed with such balls to increase the shrapnel in the explosion, making them even deadlier.

Fear of more attacks has led to increased security at shrines, churches, temples and mosques across the multiethnic country of 21 million off the southern coast of India.

Cardinal Malcolm Ranjith told reporters Friday that church officials had seen a leaked security document describing Roman Catholic churches and other denominations as a major target. Ranjith, who is the archbishop of Colombo, asked the faithful across Sri Lanka to stay home for their own safety.

“We don’t want repetitions,” Ranjith said.

It was an extraordinary request for a Catholic clergyman to make, as churches often remain a refuge. Giovanni Maria Vian, a church historian and emeritus editor of the Vatican newspaper, said he believed it was the first time the church had canceled Masses across a country for security reasons.

In Galle Face, a normally crowded ocean side park in Colombo near some of the hotels that were bombed, only a few people could be seen Saturday. Kiosks were closed, and traffic was lighter than usual, with security officials blocking streets and checking vehicles at barricades.

Yashwant Kumar Singh, 23, a worker from India, said he wants to go back to his homeland because he fears another attack. “If it only happened on one day, then that wouldn’t have been so difficult, but bombs are going off here every day. That is why there is an atmosphere of fear. We are feeling very scared.”

Business was also being hurt.

“All of Colombo city is too empty,” said Diluka Gayashan, standing outside the juice bar where he works. “That’s the problem. And now the government is enforcing a curfew from 10 at night until early in the morning, 4 or 5. It’s not good.”

On Saturday, cleaning crews arrived to St. Anthony’s Shrine in Colombo, where broken glass still littered a blood-stained floor. They collected debris, tossing it into a truck parked outside as a heavy contingent of security forces stood guard.

The U.S. Embassy in Sri Lanka has warned the public to stay away from places of worship over the weekend, a stark alert underlining that authorities believe that attackers remain at large.

Authorities told Muslims to worship at home rather than attend communal Friday prayers that are the most important religious service of the week, but several mosques held services anyway. At a mosque in Colombo, police armed with Kalashnikov assault rifles stood guard outside for hundreds of worshippers.

The Easter attackers are “not Muslims. This is not Islam. This is an animal,” said Akurana Muhandramlage Jamaldeen Mohamed Jayfer, the chairman of the mosque. “We don’t have a word (strong enough) to curse them.”


Company: cnbc, Activity: cnbc, Date: 2019-04-27
Keywords: news, cnbc, companies, near, suspected, set, bombs, raid, suicide, colombo, lanka, stay, explosion, churches, security, 15, officials, militants, sri, killing


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Netflix isn’t killing movie theaters: Viewers who stream more also go to cinemas more

Netflix isn’t killing movie theaters. At its current pace, Pachter expects the U.S. box office will grow about 1% to $12 billion this year, another record. Netflix has notoriously opted for shorter release periods at the box office than movie theater operators typically expect. “Alternatively, the exhibitors would be happy to screen Netflix content should Netflix abide by the existing theatrical window.” But financial gain isn’t the only reason filmmakers and theater owners want movies to be scr


Netflix isn’t killing movie theaters. At its current pace, Pachter expects the U.S. box office will grow about 1% to $12 billion this year, another record. Netflix has notoriously opted for shorter release periods at the box office than movie theater operators typically expect. “Alternatively, the exhibitors would be happy to screen Netflix content should Netflix abide by the existing theatrical window.” But financial gain isn’t the only reason filmmakers and theater owners want movies to be scr
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Company: cnbc, Activity: cnbc, Date: 2019-04-08  Authors: sarah whitten, gabjones, bloomberg, getty images
Keywords: news, cnbc, companies, streaming, netflix, theaters, viewers, stream, services, isnt, killing, office, cinemas, theater, movie, theatrical, box, release


Netflix isn't killing movie theaters: Viewers who stream more also go to cinemas more

Netflix isn’t killing movie theaters.

While streaming services have fundamentally altered how consumers watch TV, the idea that if audiences are spending more time watching content at home they are spending less time at theaters is a myth.

At CinemaCon in Las Vegas last week, movie distributors and theater owners alike said there was little to fear from a growing population of streaming services, which will soon include Disney+ as well as platforms from Comcast, Warner Bros. and Apple.

“Our takeaway is that Netflix and the expansion of [streaming video on demand] platforms will have minimal impact on box office given the vast supply of content, plenty of which is ideal for theatrical release (and most talent fiercely and contractually objects to a straight-to-streaming release),” Michael Pachter, analyst at Wedbush, wrote in a research note Monday.

Last year, the domestic box office had a record-breaking year, hauling in $11.9 billion, there was a 5% rise in the number of movie tickets sold, and 263 million people — 75 percent of the population — saw at least one movie in theaters.

At its current pace, Pachter expects the U.S. box office will grow about 1% to $12 billion this year, another record.

“Everyone has a kitchen, but everyone still goes out to eat,” Charles Rivkin, CEO of the Motion Picture Association of America, said, quoting Sterling Bagby, the late co-founder of B&B Theatres, during a “State of the Industry” panel last week.

Rivkin said that with each new innovation in the entertainment industry, there has been worry that it will kill the movie industry. Talking pictures, technicolor movies, television, basic cable and smartphones were all seen as disruptors.

“And yet we’re still here,” Rivkin said.

Rivkin took the helm of the MPAA in 2017 and has embraced Netflix. The streaming platform was the first of its kind to join the MPAA and now sits alongside Disney, Paramount, Sony, Fox, Universal and Warner Bros.

“The theatrical and home entertainment sectors both grew strongly in 2018, and that’s great news, because we are all part of the growth together,” he said.

In fact, according to a study by EY’s Quantitative Economics and Statistics group, the people who go to see movies in theaters more frequently are also the people who consume more streaming content.

Still, there are tensions between Netflix and theater owners. Netflix has notoriously opted for shorter release periods at the box office than movie theater operators typically expect.

Traditionally, Hollywood studios, and even Amazon, have adopted a 90-day theatrical release window, which means the film will run in theaters for that time period before being available on video-on-demand or on a streaming service’s site or app.

A longer window means more money for theater owners.

“The exhibitors were all very clear at CinemaCon 2019 that they are happy to continue working alongside Netflix as they have been, as neither has been negatively impacted by the other,” Pachter said. “Alternatively, the exhibitors would be happy to screen Netflix content should Netflix abide by the existing theatrical window.”

But financial gain isn’t the only reason filmmakers and theater owners want movies to be screened at cinemas.

“We had to make a choice whether to tell ‘Crazy Rich Asians’ on a streaming service or theatrically. It wasn’t an obvious choice to some, but to us it was very obvious,” Jon Chu, director of “Crazy Rich Asians,” said during a panel last week.

“If we wanted to affect culture on a global scale, to become part of the dialogue that had to be had and urgently, we knew there was only one way to present our movie, and that was theatrically,” he said.

Disclosure: Comcast is the parent company of NBCUniversal and CNBC.


Company: cnbc, Activity: cnbc, Date: 2019-04-08  Authors: sarah whitten, gabjones, bloomberg, getty images
Keywords: news, cnbc, companies, streaming, netflix, theaters, viewers, stream, services, isnt, killing, office, cinemas, theater, movie, theatrical, box, release


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Cathay Pacific says it’s ‘very happy’ with its Boeing fleet, despite recent 737 Max crash

U.S. plane manufacturer Boeing has been mired in controversy since its 737 Max 8 operated by Ethiopian Airlines crashed minutes after takeoff on Sunday, killing all 157 people on board. Despite recent safety concerns surrounding the 737 Max 8, Cathay Pacific’s CEO said Thursday he was “very happy” with the Hong Kong-based carrier’s Boeing fleet. Speaking to CNBC’s “Squawk Box Asia,” Rupert Hogg said “about 50-50” of the airline’s fleet is made up of Boeing and Airbus planes — namely, the Boeing


U.S. plane manufacturer Boeing has been mired in controversy since its 737 Max 8 operated by Ethiopian Airlines crashed minutes after takeoff on Sunday, killing all 157 people on board. Despite recent safety concerns surrounding the 737 Max 8, Cathay Pacific’s CEO said Thursday he was “very happy” with the Hong Kong-based carrier’s Boeing fleet. Speaking to CNBC’s “Squawk Box Asia,” Rupert Hogg said “about 50-50” of the airline’s fleet is made up of Boeing and Airbus planes — namely, the Boeing
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Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: shirley tay, marcio rodrigo machado, getty images
Keywords: news, cnbc, companies, cathay, crash, pacific, despite, 737, airlines, plane, recent, fleet, hogg, boeing, happy, operated, max, killing, ethiopian


Cathay Pacific says it's 'very happy' with its Boeing fleet, despite recent 737 Max crash

U.S. plane manufacturer Boeing has been mired in controversy since its 737 Max 8 operated by Ethiopian Airlines crashed minutes after takeoff on Sunday, killing all 157 people on board.

Despite recent safety concerns surrounding the 737 Max 8, Cathay Pacific’s CEO said Thursday he was “very happy” with the Hong Kong-based carrier’s Boeing fleet.

Speaking to CNBC’s “Squawk Box Asia,” Rupert Hogg said “about 50-50” of the airline’s fleet is made up of Boeing and Airbus planes — namely, the Boeing 777, Airbus A350 and A330. The airline does not fly the Boeing 737 Max.

“It is a tragedy, but we’re very happy with both sets of aircraft that we have,” Hogg said, in reference to Sunday’s deadly crash.

The fatal accident involving Ethiopian Airlines flight 302 — which killed all 149 passengers and eight crew members — comes less than five months after the same model plane operated by Indonesia’s Lion Air crashed shortly after taking off from Jakarta, killing all 189 on board.


Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: shirley tay, marcio rodrigo machado, getty images
Keywords: news, cnbc, companies, cathay, crash, pacific, despite, 737, airlines, plane, recent, fleet, hogg, boeing, happy, operated, max, killing, ethiopian


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Malaysia rejects call to free Vietnamese woman accused of killing Kim Jong Un’s brother

Huong and Siti Aisyah were charged with killing Kim Jong Nam by smearing his face with VX poison, a banned chemical weapon, at Kuala Lumpur airport in February 2017. The trial featured airport video recordings of two women allegedly assaulting Kim Jong Nam while he prepared to check in for a flight. Defence lawyers have maintained the women were pawns in an assassination orchestrated by North Korean agents. Kim Jong Nam was living in exile in Macau before the killing, having fled his homeland af


Huong and Siti Aisyah were charged with killing Kim Jong Nam by smearing his face with VX poison, a banned chemical weapon, at Kuala Lumpur airport in February 2017. The trial featured airport video recordings of two women allegedly assaulting Kim Jong Nam while he prepared to check in for a flight. Defence lawyers have maintained the women were pawns in an assassination orchestrated by North Korean agents. Kim Jong Nam was living in exile in Macau before the killing, having fled his homeland af
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Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: manan vatsyayana, afp, getty images
Keywords: news, cnbc, companies, north, trial, kim, court, woman, korean, free, brother, uns, vietnamese, malaysia, nam, killing, thi, rejects, siti, jong


Malaysia rejects call to free Vietnamese woman accused of killing Kim Jong Un's brother

Malaysia’s attorney-general on Thursday rejected Vietnam’s request to free a woman accused of the murder of Kim Jong Nam, the half-brother of North Korea’s leader, and a court set April 1 for her trial to resume.

Vietnam’s call had followed Monday’s release, at Indonesia’s request, of an Indonesian woman, who had been accused along with the Vietnamese, Doan Thi Huong.

Huong and Siti Aisyah were charged with killing Kim Jong Nam by smearing his face with VX poison, a banned chemical weapon, at Kuala Lumpur airport in February 2017.

“It’s our complaint that the public prosecution has not acted fairly and justly to Doan Thi Huong,” her lawyer Hisyam Teh, who asked for an adjournment on the grounds that his client was unwell.

Teh told the court the rejection of Vietnam’s request was “perverse”, and a case of discrimination, as the attorney-general had favored one party over another, since the court had ordered both to enter their defense.

Vietnam’s ministers of justice and foreign affairs are communicating with their Malaysian counterparts to secure his client’s release, Teh added.

Prosecutors had sprung a surprise on Monday by asking the court to drop the charge against Siti Aisyah and free her. The Indonesian embassy flew her to Jakarta the same day.

The trial featured airport video recordings of two women allegedly assaulting Kim Jong Nam while he prepared to check in for a flight.

In one, a woman identified as Huong puts her hands on Kim’s face, while a blurry image shows someone the prosecution identified as Siti Aisyah hurrying away.

Teh rejected speculation that Siti Aisyah’s release was due to a lack of video evidence against her, saying the court had already established a case against both.

“So it makes no difference whatsover if Doan’s image was caught on the CCTV camera, none at all,” he said after the hearing.

Defence lawyers have maintained the women were pawns in an assassination orchestrated by North Korean agents. The North Korean embassy in Kuala Lumpur was defaced with graffiti just hours before the trial was to resume.

Interpol had issued a red notice for four North Koreans identified as suspects by Malaysian police who had left the country hours after the murder.

After the ruling, Huong was seen sobbing as she spoke with Vietnamese embassy officials, before being whisked away by police.

In Vietnam, Huong’s stepmother, Nguyen Thi Vy, said the decision saddened her.

“I don’t understand why the other girl was released, but not my daughter,” Vy told Reuters after the decision. “They were charged with the same thing, it’s such an injustice.”

Kim Jong Nam was living in exile in Macau before the killing, having fled his homeland after his half-brother Kim Jong Un became North Korea’s leader in 2011 following their father’s death.

Some South Korean lawmakers said the North Korean regime had ordered the assassination of Kim Jong Nam, who had been critical of his family’s dynastic rule. Pyongyang has denied this.


Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: manan vatsyayana, afp, getty images
Keywords: news, cnbc, companies, north, trial, kim, court, woman, korean, free, brother, uns, vietnamese, malaysia, nam, killing, thi, rejects, siti, jong


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Suspect freed after Malaysia drops murder charge in killing of Kim Jong Un’s brother

An Indonesian woman held two years on suspicion of killing the North Korean leader’s half brother was freed from custody Monday after a Malaysian judge discharged the murder charge against her. The murder trial of Vietnamese Doan Thi Huong was put on hold after the surprise development. They were the only suspects in custody after four North Korean suspects fled the country the same morning Kim was killed. Intent to kill is crucial to a murder charge under Malaysian law. He had been living abroa


An Indonesian woman held two years on suspicion of killing the North Korean leader’s half brother was freed from custody Monday after a Malaysian judge discharged the murder charge against her. The murder trial of Vietnamese Doan Thi Huong was put on hold after the surprise development. They were the only suspects in custody after four North Korean suspects fled the country the same morning Kim was killed. Intent to kill is crucial to a murder charge under Malaysian law. He had been living abroa
Suspect freed after Malaysia drops murder charge in killing of Kim Jong Un’s brother Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-11  Authors: mohd rasfan, afp, getty images
Keywords: news, cnbc, companies, malaysia, told, charge, jong, killing, north, korean, suspect, uns, trial, murder, freed, suspects, malaysian, drops, kill, kim, women


Suspect freed after Malaysia drops murder charge in killing of Kim Jong Un's brother

An Indonesian woman held two years on suspicion of killing the North Korean leader’s half brother was freed from custody Monday after a Malaysian judge discharged the murder charge against her.

The judge discharged Siti Aisyah without an acquittal after prosecutors said they wanted to withdraw the charge. They did not give a reason.

She was quickly ushered out of the courtroom and into a waiting car. An emotional Aisyah told reporters she had only learned Monday morning that she would be freed. “I am surprised and very happy.”

The murder trial of Vietnamese Doan Thi Huong was put on hold after the surprise development. She was to have begun giving her defense in Monday’s court session, after months of delay.

Indonesian Ambassador Rusdi Kirana said he was thankful to the Malaysian government.

The two young women were accused of smearing VX nerve agent on Kim’s face in an airport terminal in Kuala Lumpur on Feb. 13, 2017. They have said they thought they were taking part in a prank for a TV show. They were the only suspects in custody after four North Korean suspects fled the country the same morning Kim was killed.

Salim Bashir, a lawyer for Huong, said previously she was prepared to testify under oath for her defense.

“She is confident and ready to give her version of the story. It is completely different from what the prosecutors had painted. She was filming a prank and had no intention to kill or injure anyone,” he told the AP.

Lawyers for the women have previously said they were pawns in a political assassination with clear links to the North Korean embassy in Kuala Lumpur, and that the prosecution failed to show the women had any intention to kill. Intent to kill is crucial to a murder charge under Malaysian law.

Malaysian officials have never officially accused North Korea and have made it clear they don’t want the trial politicized.

Kim Jong Nam was the eldest son in the current generation of North Korea’s ruling family. He had been living abroad for years but could have been seen as a threat to North Korean leader Kim Jong Un’s rule.

Murder carries a mandatory sentence of hanging, but Malaysia’s government plans to abolish the death penalty and has put all executions on hold until the laws are changed.


Company: cnbc, Activity: cnbc, Date: 2019-03-11  Authors: mohd rasfan, afp, getty images
Keywords: news, cnbc, companies, malaysia, told, charge, jong, killing, north, korean, suspect, uns, trial, murder, freed, suspects, malaysian, drops, kill, kim, women


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Boeing’s top-selling plane raises safety concerns after second deadly crash in 5 months

Boeing’s fastest-ever selling aircraft is sparking safety concerns after an Ethiopian Airlines 737 MAX jet crashed shortly after takeoff on Sunday, killing everyone on board. It is the second deadly crash for the plane in less than five months. Cayman Airways grounded its two Boeing 737 MAX planes until more information about the crash emerges. Flight-tracking site Flightradar24, said that data “show that vertical speed was unstable after take off” on the Ethiopian Airlines plane, a sign it stru


Boeing’s fastest-ever selling aircraft is sparking safety concerns after an Ethiopian Airlines 737 MAX jet crashed shortly after takeoff on Sunday, killing everyone on board. It is the second deadly crash for the plane in less than five months. Cayman Airways grounded its two Boeing 737 MAX planes until more information about the crash emerges. Flight-tracking site Flightradar24, said that data “show that vertical speed was unstable after take off” on the Ethiopian Airlines plane, a sign it stru
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Company: cnbc, Activity: cnbc, Date: 2019-03-10  Authors: leslie josephs, michael tewelde, afp, getty images
Keywords: news, cnbc, companies, boeings, planes, safety, boeing, topselling, ethiopian, takeoff, killing, months, crash, concerns, airlines, 737, max, deadly, raises, plane, second


Boeing's top-selling plane raises safety concerns after second deadly crash in 5 months

Boeing’s fastest-ever selling aircraft is sparking safety concerns after an Ethiopian Airlines 737 MAX jet crashed shortly after takeoff on Sunday, killing everyone on board. It is the second deadly crash for the plane in less than five months.

Ethiopian Airlines Flight 302 crashed in a rural area southeast of Addis Ababa, killing all 149 passengers and eight crew members on board. The aircraft left the Ethiopian capital at 8:38 a.m. local time in clear weather and lost contact six minutes later, the airline said. Victims included citizens of over a dozen countries, including Kenya, Canada, the United States, Great Britain, China and Italy.

The flight was operated on a new Boeing 737 MAX 8, the same type that went down in the Java Sea, just after takeoff from Jakarta, Indonesia, in October, killing all 189 aboard.

What brought down the four-month-old Ethiopian Airlines plane is not clear, but it is uncommon to have two fatal crashes of new planes so close together, industry experts said.

“It’s almost unheard of,” said John Cox, a senior crash investigator and former airline pilot. Cox and others warned that it is early in the crash investigation and there is no indication yet whether the two crashes were caused by the same factors.

Chinese aviation officials told domestic airlines to temporarily ground theirBoeing 737 MAX 8 jets following the crash and of Monday morning, many had complied, according to flight trackers. China’s Civil Aviation Authority said in a statement that it will contact Boeing and the Federal Aviation Administration and let airlines know when to resume flights after it makes sure the planes can fly safely.

Cayman Airways grounded its two Boeing 737 MAX planes until more information about the crash emerges. Its CEO Fabian Whorms said that the airline stands by “our commitment to putting the safety of our passengers and crew first by maintaining complete and undoubtable safe operations.”

While both the Ethiopian and Lion Air planes had crashed minutes after takeoff, Lion Air had reported problems aboard its plane leading up to the crash, which did not appear to be the case in the Ethiopian crash, Cox noted. Flight-tracking site Flightradar24, said that data “show that vertical speed was unstable after take off” on the Ethiopian Airlines plane, a sign it struggled to gain altitude.

The Boeing 737 MAX has been flying for less than two years and is a best-seller for the Chicago-based aircraft manufacturer. Boeing has delivered 350 MAX jets to airlines around the world since May 2017 and had more than 4,660 in its order book as of January, according to the company.

The Ethiopian crash raises questions about the top-selling plane made by Boeing, whose commercial airplane business generated nearly 60 percent of the company’s record $101.1 billion in revenue last year, as airlines around the world race to bolster their fleets to cater to growing demand. The manufacturer’s stock is up 31 percent this year, making it the top gainer in the Dow Jones Industrial Average.


Company: cnbc, Activity: cnbc, Date: 2019-03-10  Authors: leslie josephs, michael tewelde, afp, getty images
Keywords: news, cnbc, companies, boeings, planes, safety, boeing, topselling, ethiopian, takeoff, killing, months, crash, concerns, airlines, 737, max, deadly, raises, plane, second


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Amazon isn’t killing Walmart online

While Amazon still accounts for roughly 50 percent of all e-commerce sales in the U.S., Walmart is little-by-little gaining a bigger footing. It surpassed Apple in 2018 to become the third largest online retailer in the country, trailing only Amazon and eBay, according to eMarketer. “Don’t underestimate how important the grocery business is for Walmart.” To be sure, Walmart still has room to improve its online business. The company is trying to get to a “repeatable, healthy mix of business onlin


While Amazon still accounts for roughly 50 percent of all e-commerce sales in the U.S., Walmart is little-by-little gaining a bigger footing. It surpassed Apple in 2018 to become the third largest online retailer in the country, trailing only Amazon and eBay, according to eMarketer. “Don’t underestimate how important the grocery business is for Walmart.” To be sure, Walmart still has room to improve its online business. The company is trying to get to a “repeatable, healthy mix of business onlin
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Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: lauren thomas, getty images
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Amazon isn't killing Walmart online

While Amazon still accounts for roughly 50 percent of all e-commerce sales in the U.S., Walmart is little-by-little gaining a bigger footing. It surpassed Apple in 2018 to become the third largest online retailer in the country, trailing only Amazon and eBay, according to eMarketer. The market research group predicts Walmart will end 2019 with about a 4.6 percent share of the U.S. e-commerce market, up from 4 percent in 2018.

“Walmart has nailed the [question of]: ‘How do we transition online?'” Moody’s lead retail analyst, Charlie O’Shea, said. “Now, they aren’t building stores, but are spending about the same on cap ex … that’s going into technology spend and going into e- commerce.”

Walmart’s strategy to grow online is multifold.

It’s been adding more items to its website in a number of ways: Partnering with brands like Lord & Taylor, for its high-end dresses, and Fanatics, for its sports apparel. It has acquired online-first brands like Moosejaw, which now has a home on Walmart.com, and then rolled out a grocery delivery service across the country. Food is a huge part of Walmart’s online business, and the retailer is planning to have 1,600 stores equipped for grocery delivery, and 3,100 grocery pick-up hubs, by the end of this year.

“I think the winning play in grocery will be order online, pick up in store, and I think Walmart is best positioned to do that,” Bill Simon, the former president and CEO of Walmart U.S., said. “Don’t underestimate how important the grocery business is for Walmart.”

To be sure, Walmart still has room to improve its online business. It’s still trying to make each shopper’s purchase on the internet a more profitable one. To do that, it needs to sell more than groceries, which have low margins.

Walmart is “trying to build in apparel [and] home — hard lines of business — that brings customers back and generates a positive contribution margin for the [shopper’s] basket,” McMillon explained.

The company recently launched its own home-furnishings line called MoDRN, as one example of these efforts. It rolled out a number of revamped, in-house apparel brands about a year ago. It’s also recently teamed up with celebrities like Sofia Vergara and Ellen Degeneres for clothing lines exclusive to Walmart.

“The thing that’s taking longer than what I would have guessed is to build that merchandise assortment [on Walmart.com],” McMillon said on Tuesday. The company is trying to get to a “repeatable, healthy mix of business online,” he added. “We’re pedaling fast, trying to make that happen, and disappointed it’s taken so long.”

Walmart is also focused on acquiring so-called digitally native brands like Modcloth, Bonobos, Art.com and Bare Necessities, though they don’t yet contribute significantly to Walmart’s e-commerce sales growth, according to the company. The head of Walmart’s e-commerce business in the U.S. and founder of Jet.com, Marc Lore, has hinted that Walmart could one day own upwards of 40 digitally native brands.

According to McMillon, in doing these acquisitions, Walmart is “after a repetitive customer relationship.” He said Walmart is “constantly” looking at potential deals. “It’s impossible to predict the pace [of these acquisitions] or the number,” he told analysts and investors.

Amazon, in its own quest for growth, has likewise been investing in building its own in-house brands, but also in attracting more third-party sellers. But what many analyst say the e-commerce juggernaut still lacks is Walmart’s base of thousands of U.S. stores.

“Long term, [Walmart] is using its size to go head to head against Amazon,” Liz Dunn, founder and CEO of Pro4ma, a forecasting tool for retailers, said. “And it’s working.”


Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: lauren thomas, getty images
Keywords: news, cnbc, companies, isnt, grocery, killing, business, walmarts, online, amazon, number, walmart, mcmillon, ecommerce, trying, brands


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Amazon isn’t killing Walmart online

While Amazon still accounts for roughly 50 percent of all e-commerce sales in the U.S., Walmart is little by little gaining a bigger footing. It surpassed Apple in 2018 to become the third-largest online retailer in the country, trailing only Amazon and eBay, according to eMarketer. “Don’t underestimate how important the grocery business is for Walmart.” To be sure, Walmart still has room to improve its online business. The company is trying to get to a “repeatable, healthy mix of business onlin


While Amazon still accounts for roughly 50 percent of all e-commerce sales in the U.S., Walmart is little by little gaining a bigger footing. It surpassed Apple in 2018 to become the third-largest online retailer in the country, trailing only Amazon and eBay, according to eMarketer. “Don’t underestimate how important the grocery business is for Walmart.” To be sure, Walmart still has room to improve its online business. The company is trying to get to a “repeatable, healthy mix of business onlin
Amazon isn’t killing Walmart online Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: lauren thomas
Keywords: news, cnbc, companies, walmart, ecommerce, business, amazon, isnt, killing, trying, number, online, brands, mcmillon, walmarts, grocery


Amazon isn't killing Walmart online

While Amazon still accounts for roughly 50 percent of all e-commerce sales in the U.S., Walmart is little by little gaining a bigger footing. It surpassed Apple in 2018 to become the third-largest online retailer in the country, trailing only Amazon and eBay, according to eMarketer. The market research group predicts Walmart will end 2019 with about a 4.6 percent share of the U.S. e-commerce market, up from 4 percent in 2018.

“Walmart has nailed the [question of]: ‘How do we transition online?'” Moody’s lead retail analyst, Charlie O’Shea, said. “Now, they aren’t building stores, but are spending about the same on capex … that’s going into technology spend and going into e-commerce.”

Walmart’s strategy to grow online is multifold.

It’s been adding more items to its website in a number of ways: Partnering with brands like Lord & Taylor, for its high-end dresses, and Fanatics, for its sports apparel. It has acquired online-first brands like Moosejaw, which now has a home on Walmart.com, and then rolled out a grocery delivery service across the country. Food is a huge part of Walmart’s online business, and the retailer is planning to have 1,600 stores equipped for grocery delivery, and 3,100 grocery pick-up hubs, by the end of this year.

“I think the winning play in grocery will be order online, pick up in store, and I think Walmart is best positioned to do that,” Bill Simon, former president and CEO of Walmart U.S., said. “Don’t underestimate how important the grocery business is for Walmart.”

To be sure, Walmart still has room to improve its online business. It’s still trying to make each shopper’s purchase on the internet a more profitable one. To do that, it needs to sell more than groceries, which have low margins.

Walmart is “trying to build in apparel [and] home — hard lines of business — that brings customers back and generates a positive contribution margin for the [shopper’s] basket,” McMillon said.

The company recently launched its own home furnishings line called MoDRN, as one example of these efforts. It rolled out a number of revamped, in-house apparel brands about a year ago. It’s also recently teamed up with celebrities like Sofia Vergara and Ellen Degeneres for clothing lines exclusive to Walmart.

“The thing that’s taking longer than what I would have guessed is to build that merchandise assortment [on Walmart.com],” McMillon said Tuesday. The company is trying to get to a “repeatable, healthy mix of business online,” he added. “We’re pedaling fast, trying to make that happen, and disappointed it’s taken so long.”

Walmart is also focused on its acquisitions of so-called digitally native brands like Modcloth, Bonobos, Art.com and Bare Necessities, though they don’t yet contribute significantly to Walmart’s e-commerce sales growth, according to the company. The head of Walmart’s e-commerce business in the U.S. and founder of Jet.com, Marc Lore, has hinted that Walmart could one day own upward of 40 digitally native brands.

According to McMillon, in doing these acquisitions, Walmart is “after a repetitive customer relationship.” He said Walmart is “constantly” looking at potential deals. “It’s impossible to predict the pace [of these acquisitions] or the number,” he told analysts and investors.

Amazon, in its own quest for growth, has likewise been investing in building its own in-house brands, but also in attracting more third-party sellers. But what many analysts say the e-commerce juggernaut still lacks is Walmart’s base of thousands of U.S. stores.

“Long term, [Walmart] is using its size to go head-to-head against Amazon,” Liz Dunn, founder and CEO of Pro4ma, a forecasting tool for retailers, said. “And it’s working.”


Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: lauren thomas
Keywords: news, cnbc, companies, walmart, ecommerce, business, amazon, isnt, killing, trying, number, online, brands, mcmillon, walmarts, grocery


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Woody Allen is suing Amazon for killing his movie deal

Wood Allen is suing Amazon for breach of contract over financing and distribution for Allen’s films. The multi-million-dollar lawsuit comes as Amazon pushes aggressively into original content and studio work. The lawsuit says:Amazon Content entered into the Allen Film Agreements in an effort to build and promote Defendants’ film business through a highly-publicized association with Mr. Allen. Representatives for Allen and Amazon were not immediately available for comment. WATCH: Amazon + Woody A


Wood Allen is suing Amazon for breach of contract over financing and distribution for Allen’s films. The multi-million-dollar lawsuit comes as Amazon pushes aggressively into original content and studio work. The lawsuit says:Amazon Content entered into the Allen Film Agreements in an effort to build and promote Defendants’ film business through a highly-publicized association with Mr. Allen. Representatives for Allen and Amazon were not immediately available for comment. WATCH: Amazon + Woody A
Woody Allen is suing Amazon for killing his movie deal Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-07  Authors: sara salinas, anne-christine poujoulat, afp, getty images
Keywords: news, cnbc, companies, deal, million, gravier, distribute, films, allen, movie, lawsuit, suing, mr, woody, york, killing, content, amazon


Woody Allen is suing Amazon for killing his movie deal

Wood Allen is suing Amazon for breach of contract over financing and distribution for Allen’s films.

The multi-million-dollar lawsuit comes as Amazon pushes aggressively into original content and studio work. The company has been signing industry giants to star in, direct and partner on projects for Amazon’s Prime Video streaming service.

The lawsuit, filed Thursday in the U.S. District Court of the Southern District of New York, alleges that Amazon terminated without a cause a deal with Allen to “finance and distribute his future films and to be his ‘home’ for the rest of his career.”

The Guardian reported in August of last year that Amazon canceled Allen’s movie “A Rainy Day in New York,” starring heavyweight actors like Jude Law, Selena Gomez and Timothée Chalamet.

The lawsuit says:

Amazon Content entered into the Allen Film Agreements in an effort to build and promote Defendants’ film business through a highly-publicized association with Mr. Allen. In exchange for a grant of licenses to distribute at least four motion pictures written and directed by Mr. Allen (the “Allen Films”), Amazon Content agreed, among other things, to: (i) finance the Allen Films, (ii) make minimum guaranteed payments to Gravier totaling between $68 and $73 million, (iii) pay Gravier additional amounts based on the success of the Allen Films, and (iv) distribute the Allen Films widely.

Allen had already completed “A Rainy Day in New York” — and spent more than $20 million to do so — before Amazon cancelled the agreement, according to the lawsuit.

The lawsuit alleges:

Amazon backed out of the deals, purporting to terminate them without any legal basis for doing so, while knowing that its actions would cause substantial damage to Mr. Allen, Gravier, investors and the artists and crew involved in making the films. Amazon has tried to excuse its action by referencing a 25-year old, baseless allegation against Mr. Allen, but that allegation was already well known to Amazon (and the public) before Amazon entered into four separate deals with Mr. Allen—and, in any event it does not provide a basis for Amazon to terminate the contract. There simply was no legitimate ground for Amazon to renege on its promises.

Allen and his lawyers are asking for the remainder of money promised in the agreements, amounting to several million dollars. The Wall Street Journal reports the figure totals $68 million.

Representatives for Allen and Amazon were not immediately available for comment.

WATCH: Amazon + Woody Allen = Profits?


Company: cnbc, Activity: cnbc, Date: 2019-02-07  Authors: sara salinas, anne-christine poujoulat, afp, getty images
Keywords: news, cnbc, companies, deal, million, gravier, distribute, films, allen, movie, lawsuit, suing, mr, woody, york, killing, content, amazon


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US’s Pompeo meets Saudi leaders, cancels Kuwait visit

The top U.S. diplomat met separately with King Salman for 35 minutes and Crown Prince Mohammed bin Salman for another 45 minutes, according to reporters travelling with him. The U.S. Embassy in Riyadh tweeted that Pompeo and the crown prince had agreed on the need for a continued de-escalation in Yemen and adherence to agreements made last month at talks in Sweden to end a nearly four-year civil war between Yemen’s Saudi-backed government and the Iranian-aligned Houthis. Pompeo has said he would


The top U.S. diplomat met separately with King Salman for 35 minutes and Crown Prince Mohammed bin Salman for another 45 minutes, according to reporters travelling with him. The U.S. Embassy in Riyadh tweeted that Pompeo and the crown prince had agreed on the need for a continued de-escalation in Yemen and adherence to agreements made last month at talks in Sweden to end a nearly four-year civil war between Yemen’s Saudi-backed government and the Iranian-aligned Houthis. Pompeo has said he would
US’s Pompeo meets Saudi leaders, cancels Kuwait visit Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-14  Authors: andrew caballero-reynolds, afp, getty images
Keywords: news, cnbc, companies, war, killing, prince, leaders, uss, cancels, salman, crown, meets, khashoggi, minutes, visit, kuwait, mohammed, pompeo, yemen, saudi


US's Pompeo meets Saudi leaders, cancels Kuwait visit

The top U.S. diplomat met separately with King Salman for 35 minutes and Crown Prince Mohammed bin Salman for another 45 minutes, according to reporters travelling with him.

The U.S. Embassy in Riyadh tweeted that Pompeo and the crown prince had agreed on the need for a continued de-escalation in Yemen and adherence to agreements made last month at talks in Sweden to end a nearly four-year civil war between Yemen’s Saudi-backed government and the Iranian-aligned Houthis.

Pompeo has said he would also discuss the investigation into the murder of Saudi journalist Jamal Khashoggi inside the Saudi consulate in Istanbul in October, but no details of that discussion were immediately available.

A CIA assessment has blamed Prince Mohammed for ordering the killing of Khashoggi, a longtime royal insider who had become a critic of the crown prince, though Saudi officials deny the prince ordered the murder.

The killing has sparked the kingdom’s worst political crisis in a generation, strained ties with Western allies including the United States, and focused attention on Prince Mohammed’s domestic crackdown on dissent and the war in Yemen.


Company: cnbc, Activity: cnbc, Date: 2019-01-14  Authors: andrew caballero-reynolds, afp, getty images
Keywords: news, cnbc, companies, war, killing, prince, leaders, uss, cancels, salman, crown, meets, khashoggi, minutes, visit, kuwait, mohammed, pompeo, yemen, saudi


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