Southwest pulls Boeing Max until June as airlines dig in for delays ahead of peak summer season

Southwest Airlines said Thursday it doesn’t expect the Boeing 737 Max to be included in its flight schedule until early June, following similar moves by American and United. Ahead of the peak summer travel season, the airlines face the likelihood that pilots will have to be trained on simulators before the jets return. Regulators, who ordered airlines to stop flying, have repeatedly said they have no firm timeline to approve the planes again for commercial flights. Southwest, which operates an a


Southwest Airlines said Thursday it doesn’t expect the Boeing 737 Max to be included in its flight schedule until early June, following similar moves by American and United.
Ahead of the peak summer travel season, the airlines face the likelihood that pilots will have to be trained on simulators before the jets return.
Regulators, who ordered airlines to stop flying, have repeatedly said they have no firm timeline to approve the planes again for commercial flights.
Southwest, which operates an a
Southwest pulls Boeing Max until June as airlines dig in for delays ahead of peak summer season Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-16  Authors: leslie josephs
Keywords: news, cnbc, companies, planes, peak, boeing, flights, southwest, dig, month, pilots, season, grounding, airlines, summer, flight, delays, max, pulls, service, jets


Southwest pulls Boeing Max until June as airlines dig in for delays ahead of peak summer season

Southwest Airlines said Thursday it doesn’t expect the Boeing 737 Max to be included in its flight schedule until early June, following similar moves by American and United.

Ahead of the peak summer travel season, the airlines face the likelihood that pilots will have to be trained on simulators before the jets return.

The problem has worsened for carriers because they had expected Boeing to deliver more jets at the time of the grounding last March, after the second of two fatal crashes that killed 346 people within five months. Regulators, who ordered airlines to stop flying, have repeatedly said they have no firm timeline to approve the planes again for commercial flights.

Boeing earlier this month said it would recommend pilots undergo simulator training before airlines start flying the planes again, a process that could further delay the Max’s return to service and one that promises to add to Boeing’s costs.

Southwest, which operates an all-Boeing 737 fleet — mostly older models — reached a compensation agreement last month with Boeing over the grounding, but it could receive more as the flight ban wears on.

Southwest is pulling the planes through June 6, an effort to “reduce last-minute flight cancellations and unexpected disruptions.” The Dallas-based carrier plans to remove 330 weekday flights from its peak-day schedules of more than 4,000 flights, 50 more flights than when it expected to have the planes back in service by early April.


Company: cnbc, Activity: cnbc, Date: 2020-01-16  Authors: leslie josephs
Keywords: news, cnbc, companies, planes, peak, boeing, flights, southwest, dig, month, pilots, season, grounding, airlines, summer, flight, delays, max, pulls, service, jets


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United pulls 737 Max from its schedule until early June

United Airlines is pulling the Boeing 737 Max from its schedule through June 4, a date that is two months later than when other U.S. airlines plan to resume flights of the troubled planes. Just last month, United said it would target bringing the Max back in early March. In the last week, American Airlines and Southwest Airlines both pushed their respective target dates for resuming 737 Max flights into early April. That news prompted Boeing to announce it will temporarily halt 737 Max productio


United Airlines is pulling the Boeing 737 Max from its schedule through June 4, a date that is two months later than when other U.S. airlines plan to resume flights of the troubled planes.
Just last month, United said it would target bringing the Max back in early March.
In the last week, American Airlines and Southwest Airlines both pushed their respective target dates for resuming 737 Max flights into early April.
That news prompted Boeing to announce it will temporarily halt 737 Max productio
United pulls 737 Max from its schedule until early June Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-20  Authors: phil lebeau
Keywords: news, cnbc, companies, production, travel, max, boeing, pulls, dickson, told, early, week, schedule, airlines, 737, united


United pulls 737 Max from its schedule until early June

United Airlines is pulling the Boeing 737 Max from its schedule through June 4, a date that is two months later than when other U.S. airlines plan to resume flights of the troubled planes.

By pushing the return of the Max into June, United raises the question of whether U.S. carriers will have the Max in their fleets by the start of the summer travel season, the busiest period of the year for airlines.

Just last month, United said it would target bringing the Max back in early March. So why is it moving back that date another three months? Mainly because the carrier wants to give passengers more certainty when they are booking tickets for trips this spring and summer. In announcing the move, United said, “we’ll continue to take extraordinary steps to protect our customers’ travel plans.”

In the last week, American Airlines and Southwest Airlines both pushed their respective target dates for resuming 737 Max flights into early April. If the current schedules hold, the total number of Max cancellations since it was grounded last March will be just over 146,000 flights.

Last week, FAA Administrator Steve Dickson told CNBC that his agency will not recertify the 737 Max in 2019, dashing the hopes of Boeing executives who had targeted FAA approval this year.

“There are about 10 or 11 milestones left to complete,” Dickson told CNBC. “We’re in the portion of the process right now where we’re looking at the software – the validation of how the software was developed. That will take some time.”

One day after that interview, Dickson met with Boeing CEO Dennis Muilenburg in Washington, D.C., and told him the agency has no timeline for recertifying the Max. That news prompted Boeing to announce it will temporarily halt 737 Max production in January.

The ripple effects of the Max production pause are being felt around the world where suppliers and airlines are reassessing their plans.

Boeing supplier Spirit AeroSystems has announced it will suspend production of its 737 Max parts starting Jan. 1. In a news release announcing the decision, the company said, “Because revenue from 737 aircraft components represents more than 50 percent of Spirit’s annual revenue, this suspension will have an adverse impact on Spirit’s business, financial condition, results of operations, and cash flows.”


Company: cnbc, Activity: cnbc, Date: 2019-12-20  Authors: phil lebeau
Keywords: news, cnbc, companies, production, travel, max, boeing, pulls, dickson, told, early, week, schedule, airlines, 737, united


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Zola pulls ads from Hallmark Channel after network censored brides kissing

A Hallmark spokesperson said the lesbian couple’s public display of affection violated its policies. However, while Hallmark cut the ads with same-sex weddings, the network continued to air two other Zola ads that didn’t include lesbian couples. Wedding website Zola will no longer run advertisements on the Hallmark Channel after the network removed four commercials that featured two brides kissing each other. A Hallmark spokesperson said that Crown Media Family Networks, the channel’s parent com


A Hallmark spokesperson said the lesbian couple’s public display of affection violated its policies.
However, while Hallmark cut the ads with same-sex weddings, the network continued to air two other Zola ads that didn’t include lesbian couples.
Wedding website Zola will no longer run advertisements on the Hallmark Channel after the network removed four commercials that featured two brides kissing each other.
A Hallmark spokesperson said that Crown Media Family Networks, the channel’s parent com
Zola pulls ads from Hallmark Channel after network censored brides kissing Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-15  Authors: emma newburger
Keywords: news, cnbc, companies, kissing, hallmark, spokesperson, zola, commercials, samesex, couples, network, censored, lesbian, pulls, brides, couple, air, ads, channel


Zola pulls ads from Hallmark Channel after network censored brides kissing

A Hallmark spokesperson said the lesbian couple’s public display of affection violated its policies. However, while Hallmark cut the ads with same-sex weddings, the network continued to air two other Zola ads that didn’t include lesbian couples. In one of the two ads that were permitted to continue to air, a heterosexual couple kiss at the alter.

Hallmark removed the commercials after One Million Moms, a division of the conservative American Family Association that defines its mission as the “fight against indecency,” urged the network to not air advertisements featuring same-sex couples.

Wedding website Zola will no longer run advertisements on the Hallmark Channel after the network removed four commercials that featured two brides kissing each other.

“The only difference between the commercials that were flagged and the ones that were approved was that the commercials that did not meet Hallmark’s standards included a lesbian couple kissing,” said Mike Chi, Zola’s chief marketing officer.

“Hallmark approved a commercial where a heterosexual couple kissed. All kisses, couples and marriages are equal celebrations of love and we will no longer be advertising on Hallmark,” Chi said.

A Hallmark spokesperson said that Crown Media Family Networks, the channel’s parent company, made the decision to pull the commercials.

“The debate surrounding these commercials on all sides was distracting from the purpose of our network, which is to provide entertainment value,” the spokesperson wrote in an email to CNBC.

The original complaint to Hallmark from One Million Moms stated: “Please reconsider airing commercials with same-sex couples, and please do not add LGBT movies to the Hallmark Channel. Such content goes against Christian and conservative values that are important to your primary audience. You will lose viewers if you cave to the LGBT agenda.”

Tweets trended on Sunday with hashtags including #boycotthallmark and #BoycottHallmarkChannel as some users, angry with the cable network’s decision to pull the same-sex marriage commercials, branded Hallmark as homophobic.

— CNBC’s Kathleen Elkins contributed reporting


Company: cnbc, Activity: cnbc, Date: 2019-12-15  Authors: emma newburger
Keywords: news, cnbc, companies, kissing, hallmark, spokesperson, zola, commercials, samesex, couples, network, censored, lesbian, pulls, brides, couple, air, ads, channel


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SoftBank-backed delivery start-up DoorDash is reportedly being valued at $13 billion as it pulls in more cash

DoorDash, the food delivery start-up backed by SoftBank, is raising a new round of funding that values the company at close to $13 billion, according to a Bloomberg report. The financing, pegged at $100 million, includes investments from T. Rowe Price, and is said to be an extension of DoorDash’s most recent $600 million funding round, which was announced in May and valued the company at $12.6 billion. SoftBank led a $535 million investment in DoorDash in early 2018, lifting the company’s valuat


DoorDash, the food delivery start-up backed by SoftBank, is raising a new round of funding that values the company at close to $13 billion, according to a Bloomberg report.
The financing, pegged at $100 million, includes investments from T. Rowe Price, and is said to be an extension of DoorDash’s most recent $600 million funding round, which was announced in May and valued the company at $12.6 billion.
SoftBank led a $535 million investment in DoorDash in early 2018, lifting the company’s valuat
SoftBank-backed delivery start-up DoorDash is reportedly being valued at $13 billion as it pulls in more cash Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-13  Authors: annie palmer
Keywords: news, cnbc, companies, softbank, cash, recent, spokesperson, startup, valuation, softbankbacked, round, pulls, funding, valued, reportedly, delivery, wework, billion, uber, million, doordash


SoftBank-backed delivery start-up DoorDash is reportedly being valued at $13 billion as it pulls in more cash

DoorDash, the food delivery start-up backed by SoftBank, is raising a new round of funding that values the company at close to $13 billion, according to a Bloomberg report.

The financing, pegged at $100 million, includes investments from T. Rowe Price, and is said to be an extension of DoorDash’s most recent $600 million funding round, which was announced in May and valued the company at $12.6 billion.

A spokesperson from T. Rowe Price confirmed that the investment came from funds and accounts advised by the firm. The spokesperson declined to comment on the exact funding amount or the valuation. Representatives from DoorDash weren’t immediately available for comment.

DoorDash is among SoftBank’s big bets out of its Vision Fund and one the Japanese conglomerate needs to pay off handsomely after the recent disaster at WeWork, which withdrew its IPO in September, and the ongoing public market struggles at Uber. SoftBank CEO Masayoshi Son indicated in his company’s recent earnings call that there are other problematic start-ups in the portfolio, including dog-walking provider Wag.

SoftBank led a $535 million investment in DoorDash in early 2018, lifting the company’s valuation at the time to $1.4 billion. DoorDash is investing heavily in a highly competitive market that includes GrubHub and Uber Eats.

The funding round comes as DoorDash is said to be eyeing an IPO. A separate report said DoorDash was in talks with several banks about securing $400 million in funding ahead of a potential public offering in 2020.

Read the full report from Bloomberg here.

WATCH: Yale’s Jeff Sonnenfeld says John Legere could take WeWork job


Company: cnbc, Activity: cnbc, Date: 2019-11-13  Authors: annie palmer
Keywords: news, cnbc, companies, softbank, cash, recent, spokesperson, startup, valuation, softbankbacked, round, pulls, funding, valued, reportedly, delivery, wework, billion, uber, million, doordash


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Major Dubai property developer Damac pulls dividend payments amid slump

Damac Properties shares fell around 2% in Wednesday trade, adding to a 2.6% decline on Tuesday. DUBAI — Dubai property developer Damac has canceled its dividend payments, conceding slumping profitability and a weak market are hurting its operations. “Let the market stabilize,” Sajwani told Reuters. Sajwani told Reuters that a large, rival company had been “dumping in the market” with new launches over the past 18 months. He stopped short of naming chief rival, Emaar, which built key national lan


Damac Properties shares fell around 2% in Wednesday trade, adding to a 2.6% decline on Tuesday.
DUBAI — Dubai property developer Damac has canceled its dividend payments, conceding slumping profitability and a weak market are hurting its operations.
“Let the market stabilize,” Sajwani told Reuters.
Sajwani told Reuters that a large, rival company had been “dumping in the market” with new launches over the past 18 months.
He stopped short of naming chief rival, Emaar, which built key national lan
Major Dubai property developer Damac pulls dividend payments amid slump Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-30  Authors: dan murphy
Keywords: news, cnbc, companies, start, sajwani, property, dividend, dubai, major, market, told, built, pulls, damac, rival, amid, payments, weak, slump, developer


Major Dubai property developer Damac pulls dividend payments amid slump

The latest decision to conserve cash comes after Damac reported another disappointing quarterly earnings report, posting an 87% plunge in second quarter profits to $13.7 million with revenues falling 46% to $264 million.

Damac Properties shares fell around 2% in Wednesday trade, adding to a 2.6% decline on Tuesday. The stock has slumped more than 40% this year.

“This is the view of the management for the time being and the same shall be refined as we approach the time of distributing the dividends,” it added.

“Kindly be advised that Damac confirms the news shared on the media in respect of non-distribution of dividends in light of the low profitability and the weak market,” the company said in a statement to the Dubai Financial Market on Wednesday.

DUBAI — Dubai property developer Damac has canceled its dividend payments, conceding slumping profitability and a weak market are hurting its operations.

Dubai’s real estate market, a key component of its economy, has been slowing for several years. Housing oversupply has driven prices down at least a quarter since 2014.

Damac Properties chairman Hussain Sajwani, a veteran of Dubai’s business and property scene who founded Damac in the heydays of 2002 and built the business into a high profile regional developer, said builders should halt launching new residential projects for “at least a year” in order to start a recovery.

“Let the market stabilize,” Sajwani told Reuters.

Damac has launched one project so far this year, he said, compared to two in 2018 and the roughly five or six it had launched annually in prior years.

“We’re going very conservative,” he added.

Sajwani told Reuters that a large, rival company had been “dumping in the market” with new launches over the past 18 months. “It’s bad for the country, for the market, and it’s going to be bad for them,” he added. He stopped short of naming chief rival, Emaar, which built key national landmarks such as the Dubai Mall and the world’s tallest building, Burj Khalifa.

Emaar Chairman Mohammad Alabbar was quick to hit back at the criticism.

“Really? Maybe if your Q2 profits were down by nearly 90 percent, it’s difficult to focus,” Alabbar told local news publication “Arabian Business.”

“I know what I am focused on, which is delivering the results Emaar customers and shareholders expect,” he added.

About 30,000 new homes will be built this year, twice the demand in the UAE, according to broker JLL. Sajwani said the market could start to recover in two years’ time if there were no new launches, but warned if no action were taken, the situation could worsen.

“Everybody will be a loser – the customer, the developer and the city,” he said.

Dubai’s government has announced in September it would establish a real estate planning commission to regulate the sector.

—Reuters contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-10-30  Authors: dan murphy
Keywords: news, cnbc, companies, start, sajwani, property, dividend, dubai, major, market, told, built, pulls, damac, rival, amid, payments, weak, slump, developer


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Stones Gambling Hall pulls plug on livestreamed poker games after cheating allegations against regular player

Stones Gambling Hall in Sacramento, California says it will not livestream poker games pending an investigation into cheating allegations made against one of the game’s players, Mike Postle. Postle has been a regular on “Stones Live,” a live poker game streamed on Twitch. The original accusations were made by Veronica Brill, another poker player who has played with Postle on “Stones Live.” Berkey said Postle made plays no pro would ever make, and he did them often, and they worked. In a statemen


Stones Gambling Hall in Sacramento, California says it will not livestream poker games pending an investigation into cheating allegations made against one of the game’s players, Mike Postle. Postle has been a regular on “Stones Live,” a live poker game streamed on Twitch. The original accusations were made by Veronica Brill, another poker player who has played with Postle on “Stones Live.” Berkey said Postle made plays no pro would ever make, and he did them often, and they worked. In a statemen
Stones Gambling Hall pulls plug on livestreamed poker games after cheating allegations against regular player Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-05  Authors: paul amin
Keywords: news, cnbc, companies, regular, games, berkey, win, plug, postle, stones, gambling, livestreamed, game, cards, saying, pulls, players, rfid, poker, player, hall


Stones Gambling Hall pulls plug on livestreamed poker games after cheating allegations against regular player

Stones Gambling Hall in Sacramento, California says it will not livestream poker games pending an investigation into cheating allegations made against one of the game’s players, Mike Postle.

Postle has been a regular on “Stones Live,” a live poker game streamed on Twitch. His success in the game has raised eyebrows.

The original accusations were made by Veronica Brill, another poker player who has played with Postle on “Stones Live.” Since then, others have come forward with similar complaints.

Brill has no specific accusation of what Postle is doing and even admits that she can’t be sure he is cheating. So why does she think he is cheating? His results are too good, according to Brill.

She said (and several professional pokers players who talked to CNBC, agreed) no one could do as well as he has, for as long as he has, on these livestreamed games.

Postle has not yet responded to CNBC’s request for comment. He has defended himself on Twitter as well as on a poker podcast, “The Mouthpiece with Mike Matusow,” saying “it is absolutely impossible for me to be doing what they’re claiming. It is 1000% impossible.”

Poker commentator Joey Ingram made two YouTube videos, totaling 10 hours, examining Postle’s play. He estimates Postle won $250,000 over more than 250 hours of play in relatively low-stakes games. Poker pro Matt Berkey said that is a win rate of 10 times what the greatest players in the world could be expected to win in the same games.

Postle disputed the amount he’s won, saying it’s less than half the $250,000 that Ingram claims.

It’s not just that Postle is winning, it’s how he’s winning, that is drawing suspicion. Ingram, Berkey and others have spent hours reviewing hands Postle played and found several times where Postle made a fold or a call that wouldn’t seem “right” but happened to work out in his favor.

Berkey said Postle made plays no pro would ever make, and he did them often, and they worked. Poker is a game of incomplete information. Berkey said Postle played “as if he had perfect information.”

Stones Gambling Hall said it has hired an independent investigator to look into the accusations.

In a statement Stones Gambling Hall said: “We temporarily halted all broadcasts from Stones. We have also, as a result, halted the use of RFID playing cards.”

The RFID cards contain chips, that combined with readers in the poker table, transmit information about each player’s hole cards, so that viewers can see the cards on the broadcast (which is on a 30-minute delay to protect game integrity).

At this point, there is no specific allegation, no “smoking gun” as Berkey said. But many pros are pointing to those RFID cards and the hole card information, saying it’s just not possible for Postle to play the way he does and win the way he does.


Company: cnbc, Activity: cnbc, Date: 2019-10-05  Authors: paul amin
Keywords: news, cnbc, companies, regular, games, berkey, win, plug, postle, stones, gambling, livestreamed, game, cards, saying, pulls, players, rfid, poker, player, hall


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WeWork pulls IPO filing

WeWork has announced it will withdraw its S-1 filing as it seeks to postpone its highly anticipated initial public offering. Since then, the IPO for WeWork’s parent company, The We Co., has been hanging in the balance, as it delayed its investor roadshow amid weak demand and a dwindling IPO valuation. WeWork co-founder Adam Neumann announced he would step down as CEO and give up some of his voting power on Sept. 24. We have every intention to operate WeWork as a public company and look forward t


WeWork has announced it will withdraw its S-1 filing as it seeks to postpone its highly anticipated initial public offering. Since then, the IPO for WeWork’s parent company, The We Co., has been hanging in the balance, as it delayed its investor roadshow amid weak demand and a dwindling IPO valuation. WeWork co-founder Adam Neumann announced he would step down as CEO and give up some of his voting power on Sept. 24. We have every intention to operate WeWork as a public company and look forward t
WeWork pulls IPO filing Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-30  Authors: annie palmer
Keywords: news, cnbc, companies, announced, valuation, weworks, company, private, public, filing, ipo, wework, pulls, steps


WeWork pulls IPO filing

WeWork has announced it will withdraw its S-1 filing as it seeks to postpone its highly anticipated initial public offering.

The embattled office-sharing start-up formally announced its intent to go public on Aug. 14, revealing massive losses and a confusing corporate structure. Since then, the IPO for WeWork’s parent company, The We Co., has been hanging in the balance, as it delayed its investor roadshow amid weak demand and a dwindling IPO valuation. WeWork co-founder Adam Neumann announced he would step down as CEO and give up some of his voting power on Sept. 24.

“We have decided to postpone our IPO to focus on our core business, the fundamentals of which remain strong,” WeWork co-CEOs Artie Minson and Sebastian Gunningham said in a statement Monday. “We are as committed as ever to serving our members, enterprise customers, landlord partners, employees and shareholders. We have every intention to operate WeWork as a public company and look forward to revisiting the public equity markets in the future.”

WeWork has faced sharp criticism from investors following the release of its S-1, with many voicing skepticism around the $47 billion valuation assigned to it in the private markets by SoftBank, its biggest backer. The company’s IPO valuation has been slashed significantly, with public investors seeking to value the company as low as $10 billion.

Following Neumann’s resignation, WeWork’s new CEOs have taken steps to cut costs at the company, including selling Neumann’s private jet, putting side businesses up for sale and considering layoffs of up to one-third of the company’s workers, or roughly 5,000 employees. The steps are widely being viewed as an effort to get the company back on track for an IPO, though it remains unclear when a public offering would take place.


Company: cnbc, Activity: cnbc, Date: 2019-09-30  Authors: annie palmer
Keywords: news, cnbc, companies, announced, valuation, weworks, company, private, public, filing, ipo, wework, pulls, steps


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Endeavor pulls plug on IPO day before debut

BEVERLY HILLS, CA- 062713- Ari Emanuel, Co-CEO, William Morris Endeavor, (L) Patrick Whitesell, Co-CEO, William Morris Endeavor and David Droga, Founder and Creative Chairman, Droga5 pose for photos at the headquarters of William Morris Endeavor in Beverly Hills, CA. Global entertainment, sports and content company Endeavor Group Holdings abandoned its IPO plans Thursday due to weak stock market demand. Endeavor was expected to begin trading on Friday on the New York Stock Exchange under the sym


BEVERLY HILLS, CA- 062713- Ari Emanuel, Co-CEO, William Morris Endeavor, (L) Patrick Whitesell, Co-CEO, William Morris Endeavor and David Droga, Founder and Creative Chairman, Droga5 pose for photos at the headquarters of William Morris Endeavor in Beverly Hills, CA. Global entertainment, sports and content company Endeavor Group Holdings abandoned its IPO plans Thursday due to weak stock market demand. Endeavor was expected to begin trading on Friday on the New York Stock Exchange under the sym
Endeavor pulls plug on IPO day before debut Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-26  Authors: riya bhattacharjee
Keywords: news, cnbc, companies, ipos, william, endeavor, day, plug, morris, disappointing, debut, pulls, ipo, earlier, market, stock, hills


Endeavor pulls plug on IPO day before debut

BEVERLY HILLS, CA- 062713- Ari Emanuel, Co-CEO, William Morris Endeavor, (L) Patrick Whitesell, Co-CEO, William Morris Endeavor and David Droga, Founder and Creative Chairman, Droga5 pose for photos at the headquarters of William Morris Endeavor in Beverly Hills, CA.

Global entertainment, sports and content company Endeavor Group Holdings abandoned its IPO plans Thursday due to weak stock market demand.

Endeavor was expected to begin trading on Friday on the New York Stock Exchange under the symbol “EDR.” Goldman Sachs was listed as the IPO’s lead banker, according to the company’s S-1 filing.

The company, Hollywood’s biggest talent agency owner, was hoping to raise more than $600 million. It’s the latest black eye for the IPO market, as investors see companies as overpriced. Peloton Interactive had a disappointing debut earlier Thursday, following the disappointing debuts of Lyft and Uber earlier this year and the WeWork cataclysm of the past month.

The difficult market environment for such high profile IPOs was seen as a negative for the broader market.


Company: cnbc, Activity: cnbc, Date: 2019-09-26  Authors: riya bhattacharjee
Keywords: news, cnbc, companies, ipos, william, endeavor, day, plug, morris, disappointing, debut, pulls, ipo, earlier, market, stock, hills


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United Airlines pulls Boeing 737 Max from schedules until Dec. 19 as cancellations pile up

United Airlines on Friday said it doesn’t plan to fly the Boeing 737 Max until Dec. 19, more than a month later than previously expected, as the worldwide grounding of the jets approaches the six-month mark and flight cancellations pile up during the holiday season. They have also repeatedly extended cancellations from the Max. Regulators have not yet said when they will allow the planes to return to service, creating a headache for flight and crew scheduling. Southwest last month pulled the pla


United Airlines on Friday said it doesn’t plan to fly the Boeing 737 Max until Dec. 19, more than a month later than previously expected, as the worldwide grounding of the jets approaches the six-month mark and flight cancellations pile up during the holiday season. They have also repeatedly extended cancellations from the Max. Regulators have not yet said when they will allow the planes to return to service, creating a headache for flight and crew scheduling. Southwest last month pulled the pla
United Airlines pulls Boeing 737 Max from schedules until Dec. 19 as cancellations pile up Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-30  Authors: leslie josephs
Keywords: news, cnbc, companies, 737, month, united, previously, cancellations, airlines, dec, boeing, flight, holiday, pile, jets, schedules, return, max, planes, pulls


United Airlines pulls Boeing 737 Max from schedules until Dec. 19 as cancellations pile up

United Airlines on Friday said it doesn’t plan to fly the Boeing 737 Max until Dec. 19, more than a month later than previously expected, as the worldwide grounding of the jets approaches the six-month mark and flight cancellations pile up during the holiday season.

Regulators grounded the planes around the world in mid-March after two fatal crashes — one in Indonesia in October and another in Ethiopia in March — killed all 346 people who were aboard the flights.

United and its U.S. competitors who have the Max in their fleets, American and Southwest, have canceled thousands of flights during the busy summer travel season as the planes’ grounding wears on. They have also repeatedly extended cancellations from the Max. Regulators have not yet said when they will allow the planes to return to service, creating a headache for flight and crew scheduling.

Southwest last month pulled the plane from its schedules until early January, the latest of the U.S. carriers.

United, which has 14 Boeing 737 Max 9 jets in its fleet, had previously expected the planes to return Nov. 3. The new change, which means United won’t have the planes in time for the busy Thanksgiving holiday, will mean 93 flight cancellations a day in November, and 96 a day from Dec. 1-18, or an estimated 1,700 flights that month.


Company: cnbc, Activity: cnbc, Date: 2019-08-30  Authors: leslie josephs
Keywords: news, cnbc, companies, 737, month, united, previously, cancellations, airlines, dec, boeing, flight, holiday, pile, jets, schedules, return, max, planes, pulls


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