Renault to alert prosecutors over ex-CEO Ghosn’s wedding costs

Renault’s sponsorship of Versailles renovations also covered the rental of the Grand Trianon palace for Ghosn’s 2016 wedding reception, the French daily reported. Renault is conducting an internal probe into its own payments to Ghosn in the wake of his arrest. The investigation has “identified that Mr Ghosn was accorded a personal benefit valued at 50,000 euros under the terms of a sponsorship contract with the Chateau de Versailles”, Renault said on Thursday. “Renault has decided to bring these


Renault’s sponsorship of Versailles renovations also covered the rental of the Grand Trianon palace for Ghosn’s 2016 wedding reception, the French daily reported. Renault is conducting an internal probe into its own payments to Ghosn in the wake of his arrest. The investigation has “identified that Mr Ghosn was accorded a personal benefit valued at 50,000 euros under the terms of a sponsorship contract with the Chateau de Versailles”, Renault said on Thursday. “Renault has decided to bring these
Renault to alert prosecutors over ex-CEO Ghosn’s wedding costs Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-07  Authors: loic venance, afp, getty images
Keywords: news, cnbc, companies, costs, renaults, alert, sponsorship, wedding, ghosn, reception, prosecutors, renault, japan, attention, financial, exceo, versailles, ghosns


Renault to alert prosecutors over ex-CEO Ghosn's wedding costs

Renault’s sponsorship of Versailles renovations also covered the rental of the Grand Trianon palace for Ghosn’s 2016 wedding reception, the French daily reported.

The carmaker replaced Ghosn as chairman and chief executive on Jan. 24, more than two months after his arrest in Japan over allegations of financial misconduct at Nissan, Renault’s 43.4 percent-owned affiliate.

Renault is conducting an internal probe into its own payments to Ghosn in the wake of his arrest. Until now, it had yet to flag any financial irregularities.

The investigation has “identified that Mr Ghosn was accorded a personal benefit valued at 50,000 euros under the terms of a sponsorship contract with the Chateau de Versailles”, Renault said on Thursday.

“Renault has decided to bring these findings to the attention of the judicial authorities,” it said.

Ghosn remains in detention in Japan with limited opportunity to respond publicly to allegations against him.

The Oct. 8, 2016 wedding reception hosted by Ghosn and his second wife Carole attracted public attention for its opulence and Marie Antoinette-themed costumes.

The Renault board’s ethics committee was informed about the discovery on Wednesday, as reported by the newspaper, a source with knowledge of the matter told Reuters.


Company: cnbc, Activity: cnbc, Date: 2019-02-07  Authors: loic venance, afp, getty images
Keywords: news, cnbc, companies, costs, renaults, alert, sponsorship, wedding, ghosn, reception, prosecutors, renault, japan, attention, financial, exceo, versailles, ghosns


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A flattening yield curve means it’s time to worry, but not panic, top economist says

The yield curve has flattened to its lowest level since June 2007 with the 10-year Treasury note yield only around 10 basis points above the 2-year note. “The yield curve has almost always forecasted the direction of trend growth, meaning when the curve flattens, growth with a lag tends to slow and vice versa when the curve steepens,” LaVorgna told CNBC’s “Trading Nation” on Tuesday. The yield curve inverts when shorter-term Treasurys yield more than longer-term Treasury yields. Still, while the


The yield curve has flattened to its lowest level since June 2007 with the 10-year Treasury note yield only around 10 basis points above the 2-year note. “The yield curve has almost always forecasted the direction of trend growth, meaning when the curve flattens, growth with a lag tends to slow and vice versa when the curve steepens,” LaVorgna told CNBC’s “Trading Nation” on Tuesday. The yield curve inverts when shorter-term Treasurys yield more than longer-term Treasury yields. Still, while the
A flattening yield curve means it’s time to worry, but not panic, top economist says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-05  Authors: keris lahiff, brendan mcdermid, getty images, loic venance, afp, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, lavorgna, 2year, projections, yield, flattening, panic, treasury, recession, worry, yields, fed, takes, means, curve, economist


A flattening yield curve means it's time to worry, but not panic, top economist says

One key recession indicator is flashing a warning signal to investors.

The yield curve has flattened to its lowest level since June 2007 with the 10-year Treasury note yield only around 10 basis points above the 2-year note.

Joseph LaVorgna, chief economist of the Americas at Natixis, says the move has him “very worried” about what comes next.

“The yield curve has almost always forecasted the direction of trend growth, meaning when the curve flattens, growth with a lag tends to slow and vice versa when the curve steepens,” LaVorgna told CNBC’s “Trading Nation” on Tuesday.

The yield curve inverts when shorter-term Treasurys yield more than longer-term Treasury yields. The relationship between the 2-year and 10-year yields is often used as a barometer of investor expectations for economic growth.

Still, while the flattening yield curve is cause for concern, it’s not yet time to panic, says LaVorgna.

“Typically the 2s/10s has roughly a 16-month lead from when it inverts to a recession and it could be even longer than that,” he said. “Much will depend on what the Fed does.”

The Federal Reserve’s rate moves tend to influence the short-end of the curve, including the 2-year Treasury yield, more quickly. Expectations of a hawkish Fed that hikes too aggressively could tip the short end of the curve higher than the long end.

“If the Fed relents later this month and takes off some of those dots, it takes away some of those aggressive rate-hike projections, the yield curve will then stop flattening, it might steepen out a bit, and that would be a sign the economy, at least in the markets’ mind, has some more room to run,” LaVorgna said.

The Fed is widely expected to raise interest rates at its meeting on Dec. 18-19. Fed members will also release their dot-plot projections, which could ease concerns over how aggressively the central bank will move next year.

“Nothing is preordained. The curve isn’t saying there’s a recession imminently. It says that one is going to happen at some point on the horizon. What the Fed does from here, though, will be central to whether those market fears are realized,” he said.


Company: cnbc, Activity: cnbc, Date: 2018-12-05  Authors: keris lahiff, brendan mcdermid, getty images, loic venance, afp, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, lavorgna, 2year, projections, yield, flattening, panic, treasury, recession, worry, yields, fed, takes, means, curve, economist


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Dow plunges nearly 800 points on rising fears of an economic slowdown

Stocks fell sharply on Tuesday in the biggest decline since the October rout as investors worried about a bond-market phenomenon signaling a possible economic slowdown. The Dow Jones Industrial Average fell 799.36 points, or 3.1 percent, to close at 25,027.07 and posted its worst day since Oct. 10. Financials were the worst performers in the S&P 500 plunging 4.4 percent. Utilities was the only positive sector in the S&P 500, rising 0.16 percent. The Russell 2000, which tracks small-cap stocks, d


Stocks fell sharply on Tuesday in the biggest decline since the October rout as investors worried about a bond-market phenomenon signaling a possible economic slowdown. The Dow Jones Industrial Average fell 799.36 points, or 3.1 percent, to close at 25,027.07 and posted its worst day since Oct. 10. Financials were the worst performers in the S&P 500 plunging 4.4 percent. Utilities was the only positive sector in the S&P 500, rising 0.16 percent. The Russell 2000, which tracks small-cap stocks, d
Dow plunges nearly 800 points on rising fears of an economic slowdown Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-04  Authors: fred imbert, brendan mcdermid, getty images, loic venance, afp, monica almeida, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, 500, points, day, wall, 800, slowdown, economic, close, rising, worst, sp, stocks, nearly, fell, inversion, fears, dow, yield, plunges


Dow plunges nearly 800 points on rising fears of an economic slowdown

Stocks fell sharply on Tuesday in the biggest decline since the October rout as investors worried about a bond-market phenomenon signaling a possible economic slowdown. Lingering worries around U.S.-China trade also added to jitters down Wall Street.

The Dow Jones Industrial Average fell 799.36 points, or 3.1 percent, to close at 25,027.07 and posted its worst day since Oct. 10. At its low of the day, the Dow had fallen more than 800 points.

The S&P 500 declined 3.2 percent to close at 2,700.06. The benchmark fell below its 200-day moving average, which triggered more selling from algorithmic funds. Financials were the worst performers in the S&P 500 plunging 4.4 percent. Utilities was the only positive sector in the S&P 500, rising 0.16 percent.

The Nasdaq Composite dropped 3.8 percent to close back in correction territory at 7,158.43. The Russell 2000, which tracks small-cap stocks, dropped 4.4 percent to 1,480.75, marking its worst day since 2011. Trading volume in U.S. stocks was also higher than usual on Wall Street.

The yield on the three-year Treasury note surpassed its five-year counterpart on Monday. When a so-called yield curve inversion happens — short-term yields trading above longer-term rates — a recession could follow, though it is often years away after the signal triggers. Still, many traders believe the inversion won’t be official until the 2-year yield rises above the 10 year yield, which has not happened yet.

Stocks began falling to their lows of the day after Jeffrey Gundlach, CEO of Doubleline Capital, told Reuters this inversion signals that the economy “is poised to weaken.”


Company: cnbc, Activity: cnbc, Date: 2018-12-04  Authors: fred imbert, brendan mcdermid, getty images, loic venance, afp, monica almeida, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, 500, points, day, wall, 800, slowdown, economic, close, rising, worst, sp, stocks, nearly, fell, inversion, fears, dow, yield, plunges


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‘We’ve got a path to finding an exit on the trade war highway,’ Wall Street bull Art Hogan says

B. Riley FBR’s Art Hogan sees the weekend’s truce between the U.S. and China on trade as a market driver for the next four weeks. “That’s going to be helpful.” That’s about 4 percent away from Hogan’s S&P year-end target of 2,900. I think that continues the more better news we get on trade,” said Hogan. Yet his 2019 S&P year-end target is 3,250, a 15 percent jump from current levels.


B. Riley FBR’s Art Hogan sees the weekend’s truce between the U.S. and China on trade as a market driver for the next four weeks. “That’s going to be helpful.” That’s about 4 percent away from Hogan’s S&P year-end target of 2,900. I think that continues the more better news we get on trade,” said Hogan. Yet his 2019 S&P year-end target is 3,250, a 15 percent jump from current levels.
‘We’ve got a path to finding an exit on the trade war highway,’ Wall Street bull Art Hogan says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-04  Authors: stephanie landsman, brendan mcdermid, getty images, loic venance, afp, monica almeida, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, highway, street, dollar, wall, war, hogan, path, finding, weve, better, think, thats, tariffs, yearend, going, trade, exit, sp


'We've got a path to finding an exit on the trade war highway,' Wall Street bull Art Hogan says

Investors can stop worrying about a major obstacle blocking a year-end rally, according to one of Wall Street’s biggest bulls.

B. Riley FBR’s Art Hogan sees the weekend’s truce between the U.S. and China on trade as a market driver for the next four weeks.

“China, the rhetoric, really was heating up over the course of October and November, and now it feels as though we’ve got a path to finding an exit on the trade war highway,” the chief market strategist said Monday on CNBC’s “Trading Nation.” “That’s going to be helpful.”

Stocks were down Tuesday after kicking off the month with strong gains. The Dow on Monday grabbed 287.97 points to close at 25,826.43 and the S&P 500 gained 30.20 points to close at 2,790.37. That’s about 4 percent away from Hogan’s S&P year-end target of 2,900.

Also, in the past two days, the dollar is down 1.75 percent against the Chinese yuan. On Sept. 11, the dollar also fell after a report indicated senior U.S. officials were looking to jump-start trade talks with China

“Notice how much the dollar has come off every time we get better news on trade. I think that continues the more better news we get on trade,” said Hogan. “And, I think a weaker dollar here is certainly going to help our multinationals and help our concerns about emerging markets.”

Despite his overall optimism, Hogan says economic and earnings growth will slow down next year.

“We’re not going to duplicate the sugar high that we had in 2018,” Hogan said, adding that the year-old fiscal stimulus will no longer appear in the data comparisons. Plus, he believes the Federal Reserve will hike interest rates three more times in the next 13 months, a move that will tilt in favor of more conservative growth.

Yet his 2019 S&P year-end target is 3,250, a 15 percent jump from current levels.

“The good news we don’t have to factor in tariffs or at least the magnitude of tariffs we thought we’d have to factor in,” Hogan said. “We’re in a better place than we were a week ago.”


Company: cnbc, Activity: cnbc, Date: 2018-12-04  Authors: stephanie landsman, brendan mcdermid, getty images, loic venance, afp, monica almeida, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, highway, street, dollar, wall, war, hogan, path, finding, weve, better, think, thats, tariffs, yearend, going, trade, exit, sp


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As casino stocks surge, one analyst bets that the rally is just getting started

Casino stocks started the week on a roll. One analyst is wagering that this is the beginning of a bigger move for two of those gambling stocks as they transform their businesses. Wald said Las Vegas Sands could see some upward moves on a near-term basis, but he’s still steering clear given its falling trend line. Trade tensions between the U.S. and China throughout this year have kept the Macau-exposed casino stocks under pressure. A move to $64 would be a nearly 10 percent rally from Las Vegas


Casino stocks started the week on a roll. One analyst is wagering that this is the beginning of a bigger move for two of those gambling stocks as they transform their businesses. Wald said Las Vegas Sands could see some upward moves on a near-term basis, but he’s still steering clear given its falling trend line. Trade tensions between the U.S. and China throughout this year have kept the Macau-exposed casino stocks under pressure. A move to $64 would be a nearly 10 percent rally from Las Vegas
As casino stocks surge, one analyst bets that the rally is just getting started Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-04  Authors: keris lahiff, brendan mcdermid, getty images, loic venance, afp, monica almeida, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, gambling, sands, does, las, wynn, vegas, started, surge, trading, bets, rally, stocks, getting, casino, analyst, revenue


As casino stocks surge, one analyst bets that the rally is just getting started

Casino stocks started the week on a roll.

Wynn Resorts, Las Vegas Sands, MGM, and Melco Resorts & Entertainment blasted higher on strong revenue out of Macau in November and the temporary relief of trade tensions between the U.S. and China.

One analyst is wagering that this is the beginning of a bigger move for two of those gambling stocks as they transform their businesses.

“Macau basically has been a second coming for both Wynn and LVS,” Boris Schlossberg, managing director of FX strategy at BK Asset Management, said on CNBC’s “Trading Nation” on Monday.

Macau should continue to boost those stocks as it transitions from a primarily casino and gambling destination to a tourist hot spot, Schlossberg said.

“Macau revenue is all gambling which means that they’re really lagging the whole entertainment and dining gambit revenue that Las Vegas gets. I think that’s going to be coming,” he said.

But Ari Wald, Oppenheimer’s head of technical analysis, does not recommend any of the casino stocks, though he says their technical setup does have a bullish lean.

“It’s not a gamble that we’re taking, but it does look like, given how beaten up they were, they are due for some counter-trend relief,” Wald said on “Trading Nation” on Monday.

Wald said Las Vegas Sands could see some upward moves on a near-term basis, but he’s still steering clear given its falling trend line.

Trade tensions between the U.S. and China throughout this year have kept the Macau-exposed casino stocks under pressure. Las Vegas Sands and MGM are down 16 percent in 2018, Wynn has dropped nearly 30 percent and Melco has fallen 33 percent.

“Las Vegas Sands, although below a falling 200-day moving average, [is] encouraging at least from a trading basis. You are seeing that surge above the 50-day moving average [which] could make the case for a little bit more upside to $64,” said Wald.

A move to $64 would be a nearly 10 percent rally from Las Vegas Sands’ Monday close.


Company: cnbc, Activity: cnbc, Date: 2018-12-04  Authors: keris lahiff, brendan mcdermid, getty images, loic venance, afp, monica almeida, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, gambling, sands, does, las, wynn, vegas, started, surge, trading, bets, rally, stocks, getting, casino, analyst, revenue


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Caterpillar is not the way to play this US-China trade truce, Oppenheimer says

Caterpillar just got a big bump from easing trade tensions between the U.S. and China. Ari Wald, head of technical analysis at Oppenheimer, says this is not the stock to take advantage of the trade war truce. I just don’t think Caterpillar is the way to play it,” Wald told CNBC’s “Trading Nation” on Monday. “The second thing everybody is noticing, of course, is the U.S.-China trade relation tension that is easing right now,” said Schlossberg. “Both of those things have provided a very strong tai


Caterpillar just got a big bump from easing trade tensions between the U.S. and China. Ari Wald, head of technical analysis at Oppenheimer, says this is not the stock to take advantage of the trade war truce. I just don’t think Caterpillar is the way to play it,” Wald told CNBC’s “Trading Nation” on Monday. “The second thing everybody is noticing, of course, is the U.S.-China trade relation tension that is easing right now,” said Schlossberg. “Both of those things have provided a very strong tai
Caterpillar is not the way to play this US-China trade truce, Oppenheimer says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-04  Authors: keris lahiff, brendan mcdermid, getty images, loic venance, afp, monica almeida, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, stock, right, truce, youre, play, way, uschina, oppenheimer, caterpillar, global, schlossberg, easing, lower, trade, wald


Caterpillar is not the way to play this US-China trade truce, Oppenheimer says

Caterpillar just got a big bump from easing trade tensions between the U.S. and China.

Shares of the industrial bellwether surged more than 2 percent to begin the week, wiping out some of its year-to-date losses. Its stock remains 12 percent lower for 2018.

Ari Wald, head of technical analysis at Oppenheimer, says this is not the stock to take advantage of the trade war truce.

The trade war cease-fire “should be good for the stock market. I just don’t think Caterpillar is the way to play it,” Wald told CNBC’s “Trading Nation” on Monday. “In general, we are cautious on capital goods stocks that are exposed to the global economy, and what we see as a decelerating macro backdrop.”

Caterpillar has been trending lower for much of the year, caught between trade headlines and fears of slowing global growth. The industrials giant is particularly sensitive to any drop in global economic activity.

“If you’re buying this stock you’re making the case that the global backdrop is bullish,” said Wald. “What we instead see is a stock rallying into very formidable resistance at around $142. This marks the stock’s … falling 200-day moving average as well as its Q1 lows.”

Caterpillar would need to rally another 2 percent to reach its resistance at $142.

Boris Schlossberg, managing director of FX strategy at BK Asset Management, is more bullish on the stock, naming two macro factors that could carry Caterpillar higher.

“The Fed seems to be easing its monetary path cycle, and therefore if it really isn’t going to hike rates as much as the market thinks in 2019, that’s positive for Caterpillar, which obviously has a lower cost of capital as a result of this,” Schlossberg told “Trading Nation” on Monday.

Federal Reserve Chair Jerome Powell last week eased concerns that the central bank would move too aggressively next year to raise interest rates. Investors see a more dovish Fed as less of an impediment to economic growth.

“The second thing everybody is noticing, of course, is the U.S.-China trade relation tension that is easing right now,” said Schlossberg.

The U.S. and China agreed over the weekend to a 90-day trade truce to hold tariffs at current levels. That three-month stretch allows them time to reach a more formal trade agreement.

“Both of those things have provided a very strong tailwind for the stock right now,” Schlossberg said. “If the dynamic for those things changes very quickly, the stock goes right back down, irrespective of its own internal fundamentals.”


Company: cnbc, Activity: cnbc, Date: 2018-12-04  Authors: keris lahiff, brendan mcdermid, getty images, loic venance, afp, monica almeida, kcna, thomas barwick getty images, source, lawrence mcdonald
Keywords: news, cnbc, companies, stock, right, truce, youre, play, way, uschina, oppenheimer, caterpillar, global, schlossberg, easing, lower, trade, wald


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China cracks down on celebrity hype and fake click-through rates

Chinese broadcasters and online entertainment sites should avoid celebrity hype and crack down on fake audience and click-through rates, state media quoted the National Radio and Television Administration as saying. Some programs overpaid celebrities, destroying industry order and leading teenagers into worshiping stars and money, Xinhua news agency said, citing the administration. Radio and television stations, along with online audio-visual service providers, should scrap vulgar content, promo


Chinese broadcasters and online entertainment sites should avoid celebrity hype and crack down on fake audience and click-through rates, state media quoted the National Radio and Television Administration as saying. Some programs overpaid celebrities, destroying industry order and leading teenagers into worshiping stars and money, Xinhua news agency said, citing the administration. Radio and television stations, along with online audio-visual service providers, should scrap vulgar content, promo
China cracks down on celebrity hype and fake click-through rates Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-10  Authors: loic venance, afp, getty images
Keywords: news, cnbc, companies, rates, reality, state, celebrity, online, cracks, fan, providers, million, fake, hype, pay, china, television, entertainment, clickthrough, shows


China cracks down on celebrity hype and fake click-through rates

Chinese broadcasters and online entertainment sites should avoid celebrity hype and crack down on fake audience and click-through rates, state media quoted the National Radio and Television Administration as saying.

The edict comes after Beijing ordered A-list movie star Fan Bingbing to pay about 884 million yuan ($129 million) in taxes and fines, spurring widespread discussion on the moral health of China’s film industry.

Some programs overpaid celebrities, destroying industry order and leading teenagers into worshiping stars and money, Xinhua news agency said, citing the administration.

Radio and television stations, along with online audio-visual service providers, should scrap vulgar content, promote core socialist values and keep children away from entertainment and reality shows, it said.

The providers should also cut down on game shows, reality shows and singing contests that feature celebrities.

In a letter posted on her official account on the Twitter-like platform Weibo last month, Fan said she would overcome “all difficulties” to pay her penalties.

“I’m ashamed of my behavior and I apologize here to everyone,” Fan wrote. “Every bit of my achievement is inseparable from the support of the state and the people. Without the good policies of the Communist Party and the state, without the love of the people, there is no Fan Bingbing.”


Company: cnbc, Activity: cnbc, Date: 2018-11-10  Authors: loic venance, afp, getty images
Keywords: news, cnbc, companies, rates, reality, state, celebrity, online, cracks, fan, providers, million, fake, hype, pay, china, television, entertainment, clickthrough, shows


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106 passengers stranded in Germany due to drunken co-pilot

A Portuguese airline has apologized for keeping more than 100 passengers stranded at Stuttgart airport in southwestern Germany after one of its flights was canceled last-minute because of a drunken co-pilot. Shortly before the TAP Air Portugal flight was to takeoff to Lisbon on Friday night, an airport employee noticed the co-pilot walking unsteadily and smelling of alcohol. It wasn’t immediately clear if the 40-year-old co-pilot was detained. The German news agency dpa reported Saturday that al


A Portuguese airline has apologized for keeping more than 100 passengers stranded at Stuttgart airport in southwestern Germany after one of its flights was canceled last-minute because of a drunken co-pilot. Shortly before the TAP Air Portugal flight was to takeoff to Lisbon on Friday night, an airport employee noticed the co-pilot walking unsteadily and smelling of alcohol. It wasn’t immediately clear if the 40-year-old co-pilot was detained. The German news agency dpa reported Saturday that al
106 passengers stranded in Germany due to drunken co-pilot Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-03-24  Authors: loic venance, afp, getty images
Keywords: news, cnbc, companies, lisbon, walking, tweeted, wasnt, unsteadily, passengers, drunken, takeoff, stranded, tap, 106, copilot, airport, germany


106 passengers stranded in Germany due to drunken co-pilot

A Portuguese airline has apologized for keeping more than 100 passengers stranded at Stuttgart airport in southwestern Germany after one of its flights was canceled last-minute because of a drunken co-pilot.

Shortly before the TAP Air Portugal flight was to takeoff to Lisbon on Friday night, an airport employee noticed the co-pilot walking unsteadily and smelling of alcohol. He notified airport authorities, which decided to keep the plane on the ground. It wasn’t immediately clear if the 40-year-old co-pilot was detained.

The German news agency dpa reported Saturday that all 106 passengers were put up at hotels overnight. TAP tweeted Saturday that the passengers would only be able to fly to Lisbon on Monday, “which is, at the moment, the first day with seats available.”


Company: cnbc, Activity: cnbc, Date: 2018-03-24  Authors: loic venance, afp, getty images
Keywords: news, cnbc, companies, lisbon, walking, tweeted, wasnt, unsteadily, passengers, drunken, takeoff, stranded, tap, 106, copilot, airport, germany


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Microsoft is going to buy all the wind power from this GE site

Microsoft and General Electric (GE) have entered into a 15-year power purchase agreement in Ireland, it was announced Monday. The deal means that the tech giant will purchase all the wind energy produced at GE’s new, 37 megawatt (MW) Tullahennel wind farm in County Kerry. Each turbine at the site will have a battery integrated into it to help generate “valuable data” relating to energy storage, GE said. “This partnership with Microsoft expands GE’s considerable presence and investment in Ireland


Microsoft and General Electric (GE) have entered into a 15-year power purchase agreement in Ireland, it was announced Monday. The deal means that the tech giant will purchase all the wind energy produced at GE’s new, 37 megawatt (MW) Tullahennel wind farm in County Kerry. Each turbine at the site will have a battery integrated into it to help generate “valuable data” relating to energy storage, GE said. “This partnership with Microsoft expands GE’s considerable presence and investment in Ireland
Microsoft is going to buy all the wind power from this GE site Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-10-09  Authors: anmar frangoul, loic venance, afp, getty images
Keywords: news, games, cnbc, companies, wind, mw, buy, microsoft, energy, farm, site, isaza, ge, renewable, power, going, purchase, oriel


Microsoft is going to buy all the wind power from this GE site

Microsoft and General Electric (GE) have entered into a 15-year power purchase agreement in Ireland, it was announced Monday.

The deal means that the tech giant will purchase all the wind energy produced at GE’s new, 37 megawatt (MW) Tullahennel wind farm in County Kerry.

Each turbine at the site will have a battery integrated into it to help generate “valuable data” relating to energy storage, GE said. This will allow technicians to test how the batteries can be utilized to “capture and store” excess energy and send it back to the grid as and when required.

“This partnership with Microsoft expands GE’s considerable presence and investment in Ireland, where we already employ over 1,500 people and, in particular, in the renewable energy sector,” Andres Isaza, GE Renewable Energy’s chief commercial officer, said in a statement.

Wind is now “one of the most competitive sources of electricity on the market today,” Isaza added.

The announcement comes a week after Belgian offshore wind farm developer Parkwind said it would become a strategic partner in the Oriel Wind Farm in the northwest Irish Sea. The proposed 55-turbine project is set to be located 22 kilometers off the coast of Dundalk.

With a capacity of 330 MW, it will be able to supply green energy to 250,000 Irish homes, according to Oriel Windfarm Limited.


Company: cnbc, Activity: cnbc, Date: 2017-10-09  Authors: anmar frangoul, loic venance, afp, getty images
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The solution to Facebook’s ad problem may be taking cues from TV, author says

The solution to troubling internet ads, according to one author and professor, may be to take cues from TV ads. Facebook and Google, on the other hand, are protected by a safe harbor law that allows advertisers to remain anonymous, Taplin said. The FCC is tasked with regulation of TV ads — demanding such transparency as in-ad payment disclosures — but internet ads fall under the purview of the FTC. “We’ve had a very lax regulatory regime, but my guess is they will have to start doing this,” Ta


The solution to troubling internet ads, according to one author and professor, may be to take cues from TV ads. Facebook and Google, on the other hand, are protected by a safe harbor law that allows advertisers to remain anonymous, Taplin said. The FCC is tasked with regulation of TV ads — demanding such transparency as in-ad payment disclosures — but internet ads fall under the purview of the FTC. “We’ve had a very lax regulatory regime, but my guess is they will have to start doing this,” Ta
The solution to Facebook’s ad problem may be taking cues from TV, author says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-09-18  Authors: sara salinas, loic venance, afp, getty images
Keywords: news, games, cnbc, companies, solution, tv, taking, advertisers, buy, problem, regulation, facebook, advertising, ad, ads, taplin, google, facebooks, author, internet, cues


The solution to Facebook's ad problem may be taking cues from TV, author says

Facebook has come under fire in recent weeks for advertising practices that allowed Russian trolls to buy space and enabled advertisers to target users based on anti-Semitic search terms.

The solution to troubling internet ads, according to one author and professor, may be to take cues from TV ads.

“When you buy advertising on a TV network, you have to disclose who paid for it and where it’s coming from,” said Jonathan Taplin, director emeritus of the University of Southern California’s Annenberg Innovation Lab, on CNBC’s “Closing Bell” Monday.

Facebook and Google, on the other hand, are protected by a safe harbor law that allows advertisers to remain anonymous, Taplin said.

The FCC is tasked with regulation of TV ads — demanding such transparency as in-ad payment disclosures — but internet ads fall under the purview of the FTC.

“We’ve had a very lax regulatory regime, but my guess is they will have to start doing this,” Taplin said. “It will lead to more regulation and you’re right that the Europeans are starting that.”

The European Union earlier this month introduced guidelines for internet giants like Facebook, Google and Twitter to more quickly remove illegal content from their sites. The recommendations aren’t legally binding, but lawmakers have said more legislation could follow.


Company: cnbc, Activity: cnbc, Date: 2017-09-18  Authors: sara salinas, loic venance, afp, getty images
Keywords: news, games, cnbc, companies, solution, tv, taking, advertisers, buy, problem, regulation, facebook, advertising, ad, ads, taplin, google, facebooks, author, internet, cues


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