Alphabet’s Wing becomes first drone delivery firm to win FAA approval in the US

Wing, an initiative of Google’s parent company Alphabet, has received Air Carrier Certification from the Federal Aviation Administration. Wing is the first drone delivery firm to get certification from the FAA. To get FAA certification, Wing said it had to provide evidence that its operations were safe. At the beginning of April, Wing launched a commercial delivery service in Australia’s capital, Canberra. Australia’s Civil Aviation Safety Authority said Wing had “satisfied us that their operati


Wing, an initiative of Google’s parent company Alphabet, has received Air Carrier Certification from the Federal Aviation Administration. Wing is the first drone delivery firm to get certification from the FAA. To get FAA certification, Wing said it had to provide evidence that its operations were safe. At the beginning of April, Wing launched a commercial delivery service in Australia’s capital, Canberra. Australia’s Civil Aviation Safety Authority said Wing had “satisfied us that their operati
Alphabet’s Wing becomes first drone delivery firm to win FAA approval in the US Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: anmar frangoul, charles mostoller, bloomberg, getty images
Keywords: news, cnbc, companies, delivery, safe, approval, win, wing, faa, certification, alphabets, safety, drone, start, statement, order, firm, service, technology


Alphabet's Wing becomes first drone delivery firm to win FAA approval in the US

Wing, an initiative of Google’s parent company Alphabet, has received Air Carrier Certification from the Federal Aviation Administration.

The certificate allows a firm to carry out state-to-state or overseas transportation.

In a blog post Tuesday, Wing said the certification meant that it could start a commercial service that delivers goods from local businesses to U.S. households. Wing is the first drone delivery firm to get certification from the FAA.

“This is an important step forward for the safe testing and integration of drones into our economy,” Secretary of Transportation Elaine Chao said in a statement. “Safety continues to be our number one priority as this technology continues to develop and realize its full potential.”

To get FAA certification, Wing said it had to provide evidence that its operations were safe. It added that it had supplied submissions including data that demonstrated how a delivery from Wing carried “a lower risk to pedestrians than the same trip made by car.”

The company’s drones — which are electric — have already made more than 70,000 test flights and completed more than 3,000 deliveries in Australia.

Wing said it would be getting in touch with businesses and residents in Blacksburg and Christiansburg, Virginia, over the next few months. The purpose of this would be to demonstrate its technology, respond to questions and garner feedback, with the company aiming to start a delivery trial later in the year.

At the beginning of April, Wing launched a commercial delivery service in Australia’s capital, Canberra.

In a statement at the time, Wing said the service would enable users to order items including fresh food, hot coffee, and over-the-counter chemist items using a mobile app. Once an order is placed, a drone will be able to make deliveries “in minutes.”

Australia’s Civil Aviation Safety Authority said Wing had “satisfied us that their operation meets an acceptable level of safety.”

It said Wing had been required to submit a safety case as part of their application, which included information relating to the reliability of its drones.

“Following an assessment of the safety case, we have permitted Wing to operate over North Canberra and in closer proximity to a person, than our regulations would normally permit,” CASA said.

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Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: anmar frangoul, charles mostoller, bloomberg, getty images
Keywords: news, cnbc, companies, delivery, safe, approval, win, wing, faa, certification, alphabets, safety, drone, start, statement, order, firm, service, technology


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Zuora CEO: Manufacturers must adopt a subscription model in order to grow

More and more companies are turning to the emerging subscription economy, and it could be time for the manufacturing industry to tune in, Zuora CEO Tien Tzuo told CNBC Wednesday. In the past 7 years, Cramer pointed out, subscription businesses have grown revenue five times faster than the S&P 500, according to a subscription economy index. Zuora provides software to help businesses launch and manage their subscription-based services. “What we’re seeing is the early adopters of the subscription e


More and more companies are turning to the emerging subscription economy, and it could be time for the manufacturing industry to tune in, Zuora CEO Tien Tzuo told CNBC Wednesday. In the past 7 years, Cramer pointed out, subscription businesses have grown revenue five times faster than the S&P 500, according to a subscription economy index. Zuora provides software to help businesses launch and manage their subscription-based services. “What we’re seeing is the early adopters of the subscription e
Zuora CEO: Manufacturers must adopt a subscription model in order to grow Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: tyler clifford
Keywords: news, cnbc, companies, tzuo, economy, value, product, manufacturers, adopt, model, zuora, order, businesses, ceo, help, subscription, growth, grow, service


Zuora CEO: Manufacturers must adopt a subscription model in order to grow

More and more companies are turning to the emerging subscription economy, and it could be time for the manufacturing industry to tune in, Zuora CEO Tien Tzuo told CNBC Wednesday.

“They know how you use your product. They provide a service to you,” Tzuo said in a sit down with Jim Cramer on “Mad Money.” “What you’re gonna see is every physical product, from appliances [at] Whirlpool, cars from Ford, tractors from Caterpillar, they’re all going to go through a transformation and become services.”

In the past 7 years, Cramer pointed out, subscription businesses have grown revenue five times faster than the S&P 500, according to a subscription economy index. That equates to about 300% of growth during that period, Tzuo added.

Zuora provides software to help businesses launch and manage their subscription-based services. The cloud company has a $2.2 billion market cap.

“What we’re seeing is the early adopters of the subscription economy are finding growth and that’s why everybody is moving into the space,” he said.

A large subscriber base of long-term customers could help influence a company’s value, Tzuo said. That explains why Wall Street has placed a lot of value in the more nascent subscription businesses, he added, such as Netflix.

“This business is about building customer-centric business models taking technology today – IoT, mobile, whatever it is – and then transforming what you do as a service,” he said. “This is the heart of these digital transformations that the companies are going through.”

Shares of Zuora rose 0.30% Wednesday to close north of $20. The stock is up more than 10% this year.


Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: tyler clifford
Keywords: news, cnbc, companies, tzuo, economy, value, product, manufacturers, adopt, model, zuora, order, businesses, ceo, help, subscription, growth, grow, service


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Domino’s CEO: We need 25,000 stores by 2025 to accomplish our objectives

Domino’s Pizza seeks to expand its global footprint to 25,000 stores in order to achieve its top objectives and build its market share, CEO Ritch Allison told CNBC Wednesday. As more brands like McDonald’s, Starbucks and Chipotle partner with third-party delivery services to grow their customer bases, Domino’s is determined not to outsource to platforms such as Uber Eats and DoorDash. While it did not beat same-store-sales growth expectations, the 3.9% that Domino’s reported was not as bad as in


Domino’s Pizza seeks to expand its global footprint to 25,000 stores in order to achieve its top objectives and build its market share, CEO Ritch Allison told CNBC Wednesday. As more brands like McDonald’s, Starbucks and Chipotle partner with third-party delivery services to grow their customer bases, Domino’s is determined not to outsource to platforms such as Uber Eats and DoorDash. While it did not beat same-store-sales growth expectations, the 3.9% that Domino’s reported was not as bad as in
Domino’s CEO: We need 25,000 stores by 2025 to accomplish our objectives Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: tyler clifford
Keywords: news, cnbc, companies, accomplish, stock, need, dominos, delivery, 25000, markets, allison, pizza, order, services, ceo, 2025, minutes, stores, improves, objectives


Domino's CEO: We need 25,000 stores by 2025 to accomplish our objectives

Domino’s Pizza seeks to expand its global footprint to 25,000 stores in order to achieve its top objectives and build its market share, CEO Ritch Allison told CNBC Wednesday.

That’s nearly 10,000 more locations in addition to its existing pizza joints in more than 85 markets. The franchise is the second largest pizzeria chain in the world.

“It’s all part of our strategy to fortress the markets that we operate in, which brings a lot of benefits,” Allison explained to “Mad Money’s” Jim Cramer. “[It] gets us closer to the customer so our service improves, lowers the cost of that delivery as we’re driving fewer miles, and also frankly improves the wages for our drivers because they’re getting more delivery runs per hour.”

As more brands like McDonald’s, Starbucks and Chipotle partner with third-party delivery services to grow their customer bases, Domino’s is determined not to outsource to platforms such as Uber Eats and DoorDash.

The company has been investing in its digital services and doesn’t want to give away the margins or data it has gathered from more than 20 million active members in its loyalty program. The loyalty program and better technology has helped the pizzamaker increase its app downloads, boost its operations, and gain more repeat customers, Allison said.

“In addition to all of that, it’s given us some really interesting intelligence about where else our consumers go to buy their pizza,” he said. “They go other places, and now we know a lot more about that than we did just a few months ago.”

The stock jumped 7.5% after it reported better-than-expected earnings in the first quarter. While it did not beat same-store-sales growth expectations, the 3.9% that Domino’s reported was not as bad as investors feared.

In order to build out its pizza empire, Allison said Domino’s must provide consistent service to customers and offer the cheapest delivery. The goal is to reduce a 9-minute drive to just 5 or 6 minutes, which he said would mean a pie is delivered less than 25 minutes after ordering.

“The more runs that we get per hour — it just improves the economics of each of those delivery orders because in some of the high-wage labor markets today it’s really difficult to take $20 worth of food 9 minutes away form your location and make money on that order,” Allison said. “We have to bring these territories down tighter to accomplish our objectives and to protect ourselves against this new emerging set of competitors.”

Shares of Domino’s closed the session up 13.22%. The stock is up more than 22% in the past year.


Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: tyler clifford
Keywords: news, cnbc, companies, accomplish, stock, need, dominos, delivery, 25000, markets, allison, pizza, order, services, ceo, 2025, minutes, stores, improves, objectives


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Gretchen Rubin: This 5 p.m. habit can boost your productivity tomorrow

In her latest book, “Outer Order, Inner Calm,” Rubin explains how this habit makes her more productive by easing the shift from work to home life. “We give children transition times to help them move from one activity to the next, and adults benefit from transitions as well. Creating this transition makes it easier to turn off my work brain and turn on my home brain,” she says, “because I’ve given myself a little cushion.” Rubin spent a year exploring the topic of happiness in her New York Times


In her latest book, “Outer Order, Inner Calm,” Rubin explains how this habit makes her more productive by easing the shift from work to home life. “We give children transition times to help them move from one activity to the next, and adults benefit from transitions as well. Creating this transition makes it easier to turn off my work brain and turn on my home brain,” she says, “because I’ve given myself a little cushion.” Rubin spent a year exploring the topic of happiness in her New York Times
Gretchen Rubin: This 5 p.m. habit can boost your productivity tomorrow Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-16  Authors: courtney connley, dasha pats
Keywords: news, cnbc, companies, gretchen, easier, makes, rubin, boost, productivity, happiness, habit, tomorrow, life, order, little, work, feel, tasks


Gretchen Rubin: This 5 p.m. habit can boost your productivity tomorrow

In her latest book, “Outer Order, Inner Calm,” Rubin explains how this habit makes her more productive by easing the shift from work to home life.

“We give children transition times to help them move from one activity to the next, and adults benefit from transitions as well. Creating this transition makes it easier to turn off my work brain and turn on my home brain,” she says, “because I’ve given myself a little cushion.”

Rubin suggests that anyone who is looking to create more order in their life should spend the last 10 minutes of their work day glancing over their calendar for the next day, clearing out their inbox or cleaning off their desk. Doing activities such as these, she says, will “help to mark the end of the day — and it also makes it far more pleasant to return to work in the morning.”

“There’s nothing like walking in your office and just being hit by a multitude of little tiny tasks like ‘this needs to go to recycling,’ ‘this needs to go back into the kitchen’ or ‘these pens don’t have their pen caps on them,'” she says.

While these tasks may seem minute, “all together, they can make us feel drained and overwhelmed.” That’s why Rubin is a firm believer in taking time create order in our work and living spaces so that “our surroundings feel more calm, more peaceful and more like a sanctuary.”

“Also, it’s much more easier to feel focused,” she says, “because it’s easy to concentrate on whatever matters the most when we’re not distracted by a bunch of little tasks or unfulfilled projects.”

Rubin spent a year exploring the topic of happiness in her New York Times bestseller “The Happiness Project.”

“In the context of a happy life,” she says, “a messy desk or a crowded coat closet is a trivial problem — yet getting control of the stuff of life often makes it easier to feel more in control of our lives in general.”

Video by Taylor Moore

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Don’t miss: Happiness expert Gretchen Rubin says ditching these 2 bad habits can supercharge your productivity


Company: cnbc, Activity: cnbc, Date: 2019-04-16  Authors: courtney connley, dasha pats
Keywords: news, cnbc, companies, gretchen, easier, makes, rubin, boost, productivity, happiness, habit, tomorrow, life, order, little, work, feel, tasks


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Samsung Galaxy Fold preorder date

Samsung said Thursday that people who sign up to learn more about its new foldable phone on Friday will be able to order it next week, ahead of the April 26 release date. Those who sign up on Samsung.com for information about the Galaxy Fold on Friday are eligible to preorder it on Monday, the company said. It’s the best bet for people to get the next-generation phone on release day.


Samsung said Thursday that people who sign up to learn more about its new foldable phone on Friday will be able to order it next week, ahead of the April 26 release date. Those who sign up on Samsung.com for information about the Galaxy Fold on Friday are eligible to preorder it on Monday, the company said. It’s the best bet for people to get the next-generation phone on release day.
Samsung Galaxy Fold preorder date Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-11  Authors: todd haselton
Keywords: news, cnbc, companies, release, nextgeneration, galaxy, samsungcom, fold, preorder, date, week, order, learn, sign, samsung, phone


Samsung Galaxy Fold preorder date

Samsung said Thursday that people who sign up to learn more about its new foldable phone on Friday will be able to order it next week, ahead of the April 26 release date.

Those who sign up on Samsung.com for information about the Galaxy Fold on Friday are eligible to preorder it on Monday, the company said. It’s the best bet for people to get the next-generation phone on release day.


Company: cnbc, Activity: cnbc, Date: 2019-04-11  Authors: todd haselton
Keywords: news, cnbc, companies, release, nextgeneration, galaxy, samsungcom, fold, preorder, date, week, order, learn, sign, samsung, phone


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Tech giant Alphabet launches drone delivery service in Australia

Wing, an initiative of Google’s parent company Alphabet, has launched a drone based commercial delivery service in Australia’s capital city, Canberra. In a blog post Tuesday, Wing said that the service would enable users to order items including fresh food, coffee, and over-the-counter chemist items using a mobile app. To begin with, the service will be available to a limited number of eligible homes in three suburbs: Crace, Palmerston and Franklin. Testing for drone delivery in Australia has be


Wing, an initiative of Google’s parent company Alphabet, has launched a drone based commercial delivery service in Australia’s capital city, Canberra. In a blog post Tuesday, Wing said that the service would enable users to order items including fresh food, coffee, and over-the-counter chemist items using a mobile app. To begin with, the service will be available to a limited number of eligible homes in three suburbs: Crace, Palmerston and Franklin. Testing for drone delivery in Australia has be
Tech giant Alphabet launches drone delivery service in Australia Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-09  Authors: anmar frangoul, charles mostoller, bloomberg, getty images
Keywords: news, cnbc, companies, delivery, items, drone, casa, case, australia, tech, wing, giant, order, launches, homes, alphabet, service, safety


Tech giant Alphabet launches drone delivery service in Australia

Wing, an initiative of Google’s parent company Alphabet, has launched a drone based commercial delivery service in Australia’s capital city, Canberra.

In a blog post Tuesday, Wing said that the service would enable users to order items including fresh food, coffee, and over-the-counter chemist items using a mobile app. Once an order is placed, a drone will be able to make deliveries “in minutes.” To begin with, the service will be available to a limited number of eligible homes in three suburbs: Crace, Palmerston and Franklin.

Testing for drone delivery in Australia has been taking place since 2014, Wing said. The last 18 months have seen it deliver goods over 3,000 times to Australian homes, it added.

In a statement Tuesday, Australia’s Civil Aviation Safety Authority (CASA) said that Wing had “satisfied us that their operation meets an acceptable level of safety.”

Wing, it explained, had been required to submit a safety case as part of their application, which included information relating to the reliability of its drones.

“Following an assessment of the safety case, we have permitted Wing to operate over North Canberra and in closer proximity to a person, than our regulations would normally permit,” CASA added.

The system used by Wing is automated, according to CASA, although “a licensed pilot is always at the helm.”

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Company: cnbc, Activity: cnbc, Date: 2019-04-09  Authors: anmar frangoul, charles mostoller, bloomberg, getty images
Keywords: news, cnbc, companies, delivery, items, drone, casa, case, australia, tech, wing, giant, order, launches, homes, alphabet, service, safety


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White House planning executive order that aims to boost pipeline construction, lower energy prices

The White House is planning to roll out an executive order next week that aims to cut regulations, spur interstate pipeline construction and lower energy costs, according to two senior administration officials. The effort was spurred by the blockage of the construction of the 125-mile Constitution Pipeline from Pennsylvania to New York. “An executive order can’t change the statutory discretion of a state to approve, deny or waive, so a state could still say no.” Lower energy prices are of high i


The White House is planning to roll out an executive order next week that aims to cut regulations, spur interstate pipeline construction and lower energy costs, according to two senior administration officials. The effort was spurred by the blockage of the construction of the 125-mile Constitution Pipeline from Pennsylvania to New York. “An executive order can’t change the statutory discretion of a state to approve, deny or waive, so a state could still say no.” Lower energy prices are of high i
White House planning executive order that aims to boost pipeline construction, lower energy prices Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: kayla tausche, daniel acker, bloomberg, getty images
Keywords: news, cnbc, companies, york, prices, white, energy, executive, officials, house, state, planning, lower, pipeline, water, order, gas, construction


White House planning executive order that aims to boost pipeline construction, lower energy prices

The White House is planning to roll out an executive order next week that aims to cut regulations, spur interstate pipeline construction and lower energy costs, according to two senior administration officials.

The effort was spurred by the blockage of the construction of the 125-mile Constitution Pipeline from Pennsylvania to New York. A protracted legal battle over the project has been underway since the Federal Energy Regulatory Commission, or FERC, gave a greenlight in 2014 and 2016, because the state of New York has refused to issue a water permit.

According to four current and former administration officials, the order directs the Department of Energy and the Environmental Protection Agency to clarify Section 401 of the Clean Water Act, the law that gives states authority over permits where water quality is concerned.

Backlash from states and governors is expected, especially in New York, where regulators warned of further legal action if FERC throws out its water safety review in the Constitution case.

And Wall Street likely won’t see this as a big breakthrough.

“We don’t think this manifestly changes the state of play,” said ClearView energy analyst Christine Tezak. “An executive order can’t change the statutory discretion of a state to approve, deny or waive, so a state could still say no.”

But officials vow the administration’s broader goal is to lower energy prices by accelerating the transport of natural gas and to reaffirm U.S. energy “dominance,” a word that appeared multiple times in an early draft of the order.

Energy executives are optimistic about the prospects for more pipeline construction.

Dennis Xander, chief executive of West Virginia-based Denex Petroleum, said the state is at risk of a glut if it can’t ship more gas to New England or the Gulf states.

“We now have more capacity than we do gas for the first time in several years,” Xander told CNBC. But in central West Virginia where Denex operates, “There’s no pipeline to get the gas transported.”

Lower energy prices are of high interest to President Donald Trump, who has tweeted criticism of OPEC and its impact on higher prices at least 12 times.

The executive order is currently slated to be signed on Wednesday, with Texas as one suggested location for the event. Administration officials caution the plans could change.

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Company: cnbc, Activity: cnbc, Date: 2019-04-05  Authors: kayla tausche, daniel acker, bloomberg, getty images
Keywords: news, cnbc, companies, york, prices, white, energy, executive, officials, house, state, planning, lower, pipeline, water, order, gas, construction


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Airbus wins China order for 300 jets as Xi Jinping visits France

Airbus signed a deal worth tens of billions of dollars on Monday to sell 300 aircraft to China, coinciding with a visit to Europe by Chinese President Xi Jinping and matching a China record held by U.S. rival Boeing. The deal between Airbus and China’s state buying agency, China Aviation Supplies Holding Company, which regularly coordinates headline-grabbing deals during diplomatic visits, will include 290 A320-family jets and 10 A350 wide-body jets. French officials said the deal was worth some


Airbus signed a deal worth tens of billions of dollars on Monday to sell 300 aircraft to China, coinciding with a visit to Europe by Chinese President Xi Jinping and matching a China record held by U.S. rival Boeing. The deal between Airbus and China’s state buying agency, China Aviation Supplies Holding Company, which regularly coordinates headline-grabbing deals during diplomatic visits, will include 290 A320-family jets and 10 A350 wide-body jets. French officials said the deal was worth some
Airbus wins China order for 300 jets as Xi Jinping visits France Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-26  Authors: yoan valat, afp, getty images
Keywords: news, cnbc, companies, china, airbus, state, wins, jets, worth, order, xi, visits, 300, boeing, significant, jinping, france, trade, deal


Airbus wins China order for 300 jets as Xi Jinping visits France

Airbus signed a deal worth tens of billions of dollars on Monday to sell 300 aircraft to China, coinciding with a visit to Europe by Chinese President Xi Jinping and matching a China record held by U.S. rival Boeing.

The deal between Airbus and China’s state buying agency, China Aviation Supplies Holding Company, which regularly coordinates headline-grabbing deals during diplomatic visits, will include 290 A320-family jets and 10 A350 wide-body jets.

French officials said the deal was worth some 30 billion euros at catalog prices. Planemakers usually grant significant discounts.

The larger-than-expected order, which matches an order for 300 Boeing planes when U.S. Donald Trump visited Beijing in 2017, follows a year-long vacuum of purchases in which China failed to place significant orders amid global trade tensions.

It also comes as the grounding of the Boeing 737 Max has left uncertainty over Boeing’s immediate hopes for a major jet order as the result of any warming of U.S.-China trade ties.

There was no evidence of any direct connection between the Airbus deal and Sino-U.S. tensions or Boeing fleet problems, but China watchers say Beijing has a history of sending diplomatic signals or playing off suppliers through state aircraft deals.

“The conclusion of a big (aviation) contract … is an important step forward and an excellent signal in the current context,” French President Emmanuel Macron said in a joint address with his Chinese counterpart.

The United States and China are edging towards a possible deal to ease a months-long tariff row and a deal involving as many as 200 to 300 Boeing jets had until recently been expected as part of the possible rapprochement.


Company: cnbc, Activity: cnbc, Date: 2019-03-26  Authors: yoan valat, afp, getty images
Keywords: news, cnbc, companies, china, airbus, state, wins, jets, worth, order, xi, visits, 300, boeing, significant, jinping, france, trade, deal


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Indonesian airline Garuda is canceling its order for 49 Boeing 737 Max jets

Airline Garuda Indonesia said Friday it is requesting a cancellation to its current order for 49 Boeing 737 Max jets. Reuters, citing Garuda’s CFO, said the company may change its 737 Max order to another type of Boeing jet. In response to CNBC’s request for comment, Garuda spokesman Ikhsan Rosan said the airline sent a letter to Boeing on March 14 to cancel its order for the 737 Max jets. Garuda currently only has one Boeing 737 Max 8 in its fleet, according to Reuters. The Indonesian airline i


Airline Garuda Indonesia said Friday it is requesting a cancellation to its current order for 49 Boeing 737 Max jets. Reuters, citing Garuda’s CFO, said the company may change its 737 Max order to another type of Boeing jet. In response to CNBC’s request for comment, Garuda spokesman Ikhsan Rosan said the airline sent a letter to Boeing on March 14 to cancel its order for the 737 Max jets. Garuda currently only has one Boeing 737 Max 8 in its fleet, according to Reuters. The Indonesian airline i
Indonesian airline Garuda is canceling its order for 49 Boeing 737 Max jets Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-22  Authors: yen nee lee, matt mills mcknight
Keywords: news, cnbc, companies, canceling, max, 737, order, indonesian, 49, cancel, garuda, boeing, indonesia, wanted, jets, airline


Indonesian airline Garuda is canceling its order for 49 Boeing 737 Max jets

Airline Garuda Indonesia said Friday it is requesting a cancellation to its current order for 49 Boeing 737 Max jets.

Newswires Reuters and AFP both reported the company’s plans.

Reuters, citing Garuda’s CFO, said the company may change its 737 Max order to another type of Boeing jet. The national carrier of Indonesia did not explain why it no longer wanted the planes.

In response to CNBC’s request for comment, Garuda spokesman Ikhsan Rosan said the airline sent a letter to Boeing on March 14 to cancel its order for the 737 Max jets. Garuda has not heard back from Boeing, but the aircraft manufacturer will visit Jakarta on March 28 for “further discussion,” said Rosan.

Garuda currently only has one Boeing 737 Max 8 in its fleet, according to Reuters.

The Indonesian airline is the first to publicly confirmed plans to cancel an order for the Boeing jets after two fatal crashes involving the 737 Max 8. The planes have been grounded by authorities in multiple countries — including in the U.S., Europe, China and Indonesia.


Company: cnbc, Activity: cnbc, Date: 2019-03-22  Authors: yen nee lee, matt mills mcknight
Keywords: news, cnbc, companies, canceling, max, 737, order, indonesian, 49, cancel, garuda, boeing, indonesia, wanted, jets, airline


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Trump ally Roger Stone’s crowdfunding page hits $100,000 target

As Stone’s Nov. 5 trial approaches, former Trump political advisor Michael Caputo told CNBC that he plans to organize another crowdfunding page for his friend. Less than four months later, the goal to raise $100,000 toward Stone’s legal bills had been achieved, Caputo said Thursday. Yet Caputo said the gag order “inspired a steady rain of support” for the legal fund. The GoFundMe page deposited money directly into the Roger Stone Legal Defense Fund, which is administered by Tampa, Fla., accounti


As Stone’s Nov. 5 trial approaches, former Trump political advisor Michael Caputo told CNBC that he plans to organize another crowdfunding page for his friend. Less than four months later, the goal to raise $100,000 toward Stone’s legal bills had been achieved, Caputo said Thursday. Yet Caputo said the gag order “inspired a steady rain of support” for the legal fund. The GoFundMe page deposited money directly into the Roger Stone Legal Defense Fund, which is administered by Tampa, Fla., accounti
Trump ally Roger Stone’s crowdfunding page hits $100,000 target Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-21  Authors: kevin breuninger, joshua roberts
Keywords: news, cnbc, companies, russian, hits, trump, crowdfunding, jackson, stone, page, gag, 100000, roger, legal, order, ally, caputo, stones, target


Trump ally Roger Stone's crowdfunding page hits $100,000 target

The online legal defense fund for President Donald Trump’s longtime confidant Roger Stone met its $100,000 target in March, even after a strict gag order in Stone’s criminal case halted the Republican operative’s campaign of criticism against special counsel Robert Mueller.

As Stone’s Nov. 5 trial approaches, former Trump political advisor Michael Caputo told CNBC that he plans to organize another crowdfunding page for his friend. Stone is charged with lying to Congress and obstructing a House investigation.

The legal fund was launched in December, after Stone, 66, was praised by Trump for vowing never to “testify against” the president as part of Mueller’s investigation of Russian meddling and potential Trump campaign collusion during the 2016 election.

“Nice to know that some people still have ‘guts!'” Trump tweeted in response on Dec. 3.

Stone’s “Guts Fund” was launched that same day, on fundraising website GoFundMe. Less than four months later, the goal to raise $100,000 toward Stone’s legal bills had been achieved, Caputo said Thursday.

Caputo said in emails to CNBC that the GoFundMe page was pulled after hitting its goal March 15.

“I will mount another campaign in the future as Roger’s trial approaches,” Caputo said.

Stone did not immediately respond to CNBC’s request for comment about the fund.

Caputo, who himself was interviewed as part of a House probe on Russian election meddling, has been a vocal advocate for Stone even before federal Judge Amy Berman Jackson slapped the self-described political dirty trickster with a near-total gag order in his Washington, D.C., district court case on charges lodged by Mueller.

Stone’s lawyers had argued in court that muzzling their client would hurt him since his work largely involves discussing politics in writing and in interviews.

Yet Caputo said the gag order “inspired a steady rain of support” for the legal fund.

“Donations are driven by bursts of publicity, even bad news,” Caputo said. He said that most of the donations to Stone’s page came after Stone was arrested in a predawn raid at his Florida home by armed FBI agents in late January, “like some kingpin of a drug cartel.”

“It was a cloudburst,” Caputo added.

Mueller has said Stone lied to Congress about his alleged efforts to have WikiLeaks release material hacked by Russian agents from Democrats, including Hillary Clinton’s campaign chairman, during the 2016 campaign.

Stone has pleaded not guilty, and had railed against Mueller and the judge herself in a deluge of interviews and other public remarks immediately after his arrest.

Stone was given a partial gag order by Jackson on Feb. 15, barring him and his lawyers from making statements to the media and in public that risk prejudicing the case against him. But after Stone posted a photo on Instagram showing Jackson’s face next to what looked like a rifle scope’s cross hair, Jackson ordered him back to court, where he apologized for the “stupid” mistake.

Jackson strengthened the gag order on Stone at that Feb. 21 hearing, forbidding him from making any public statements about his criminal case — with the caveat that he can still publicly ask for donations to his legal defense fund.

In early March, Stone once again tested the bounds of his court-ordered restriction, when Jackson discovered that a re-release of Stone’s book “The Myth of Russian Collusion” — with a newly written introduction — was put on sale.

CNBC reported that two of Stone’s websites, which were used in part to raise funds for his defense against Mueller, have recently been deleted.

Earlier Thursday, The Daily Caller reported that Stone is refusing to comply with a request for documents sent by the Democrat-led House Judiciary Committee as part of its sweeping probe investigating dozens of Trump-related figures and entities.

The GoFundMe page deposited money directly into the Roger Stone Legal Defense Fund, which is administered by Tampa, Fla., accounting firm Robert Watkins & Company. That firm did not immediately respond to CNBC’s request for comment.

Caputo told CNBC that “while I’ve not communicated with Roger since his arrest, I’m hopeful we’ve been helpful.”

“Like all his friends, I will step up again soon.”


Company: cnbc, Activity: cnbc, Date: 2019-03-21  Authors: kevin breuninger, joshua roberts
Keywords: news, cnbc, companies, russian, hits, trump, crowdfunding, jackson, stone, page, gag, 100000, roger, legal, order, ally, caputo, stones, target


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