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Biden administration launches broad inquiry into flight competition market
The U.S. Justice Department's Antitrust Division and the Transportation Department said on Thursday they are launching a broad public questions into the state of competitors in air travel. President Joe Biden has made improving airline competition a. leading concern and his administration has taken an aggressive. approach to obstructing consolidation efforts in the airline. industry. USDOT last month opened a probe into the regular. flyer loyalty programs of major airlines and pushed them to. embrace brand-new client service securities. The Justice Department successfully sued to block JetBlue. Airways' organized $3.8 billion acquisition of. ultra-low-cost carrier Spirit Airlines and likewise went to. court to force JetBlue to end its U.S. northeast partnership. with American Airlines. The Transport Department also insisted on considerable concessions before it permitted Alaska Airlines to finish its. acquisition of Hawaiian Airline companies. A major airline trade group did not instantly comment. The departments are looking for public comments by Dec. 23 on. consolidation, anticompetitive conduct and a wide range of. issues affecting the accessibility and affordability of air. travel options. They looked for details on previous airline mergers,. exclusionary conduct, airport gain access to, airplane manufacturing,. airline ticket sales, prices and rewards practices and the. experiences of aviation workers. For decades, antitrust regulators approved a series of. mergers that have resulted in four U.S. airlines - American,. Delta Air Lines, United Airlines and Southwest. Airline companies - managing about 80% of the domestic. passenger market. Good service and fair costs depend upon ensuring that. there is genuine competitors, which is particularly challenging for. the many American communities that have lost service amidst. airline company debt consolidation, stated Transport Secretary Pete. Buttigieg. The Wall Street Journal reported this week Frontier. Airlines is checking out a restored bid for Spirit. Airlines. If Spirit and Frontier reach an offer, it would. likely happen as part of Spirit reorganizing its financial obligation and other. liabilities in personal bankruptcy, the newspaper stated.
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Exxon Mobil, Qatar get 3-year extension to build their LNG plant in Texas
Federal regulators on Thursday provided an Exxon Mobil and Qatar Energy LNG joint venture a 3year extension to end up constructing their Golden Pass LNG plant, a regulatory file showed. The extension was approved due to hold-ups triggered when lead construction specialist Zachry Holdings declared insolvency in March, according to a Federal Energy Regulatory Commision filing. The project, at the Sabine Pass website of a former gas-import terminal that was transformed to process natural gas for LNG exports, is one of 2 large U.S. LNG centers whose startups were anticipated to considerably expand materials from the world's. top exporter of the superchilled fuel in the next 12 months. The job's original primary professional, Zachry Holdings. applied for Chapter 11 bankruptcy defense, stating the Golden. Pass project - referred to as GPX - was at least $2.4 billion over the. original budget. Golden Pass is yet to announce a new EPC specialist and. has been in settlements with McDermott International. to be the lead professional on the task.
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Honeywell sales forecasts fail due to ongoing supply-chain disturbances
Honeywell predicted annual sales below Wall Street expectations and missed quarterly revenue price quotes on Thursday as the industrial giant battles with persistent supplychain disruptions and weak point in its industrial automation company. The automation section, which helps factories and plants mechanize their manufacturing procedures, reported a 5% decrease in natural sales for the 3rd quarter, generally due to soft demand from storage facilities. Industrial automation has actually had a hard time for a long time now due to extended headwinds in the Intelligrated storage facility automation organization, said Jake Levinson, an analyst at Melius Research. They rode the pandemic-driven boom in warehouse building, especially as it connects to Amazon. However the overhang from that cycle has been painful, he said. The business's shares fell nearly 5% in afternoon trade. In a post-earnings call with analysts, executives stated some discrete supply-chain snags in aerospace prodded the business to reassess its expectations for the year, while Cyclone Helene interrupted some production. GE Aerospace earlier in the week blamed supply-chain restrictions for a decline in jet engine deliveries that is weighing on its profits. Honeywell CEO Vimal Kapur also attended to the near six-weeks employees strike at consumer Boeing. The Boeing circumstances are certainly extremely difficult. We all saw the outcomes of the vote yesterday night, which is unfortunate, he said. However, need from Boeing has not dropped demonstrably. from before the strike, Honeywell said. The business approximated general 2024 sales in between $38.6. billion and $38.8 billion, compared with experts' average. estimate of $39.20 billion, according to information put together by LSEG. Honeywell said on Thursday it was wanting to divest its. personal protective equipment service to additional simplify its. operations, as part of CEO Kapur's focus on the so-called mega. trends of automation, the future of air travel and energy. shift. Total sales increased 5.6% to $9.73 billion in the quarter ended. Sept. 30, falling short of quotes of $9.90 billion.
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A minimum of three eliminated in Nigeria helicopter crash, oil company NNPC says
A minimum of 3 people passed away when a helicopter crashed in Nigeria on its method to an overseas oil production center on Thursday, the stateowned oil company NNPC stated. The helicopter, run by East Winds Air travel, lost contact while flying from Port Harcourt to the Drifting Production Storage and Offloading (FPSO) Antan oil production center, NNPC said in a statement. It was carrying 8 people, NNPC included, 6 passengers and 2 crew members. Search and save efforts were underway, and aviation authorities were investigating the cause of the incident, NNPC representative Olufemi Soneye stated in a declaration. Nigeria's air travel ministry stated in a statement that the Sikorsky SK76 helicopter ditched into the waters near Bonny Finima in the Atlantic Ocean. While no emergency situation locator transmitter signal was gotten, manual efforts to outline the area of the mishap are underway, and all offered resources consisting of the military and low-flying airplane have actually been deployed to help in finding and saving any survivors, stated Odutayo Oluseyi, a. representative for the air travel ministry. Nigeria, Africa's most populous nation, has actually had poor air. security record in the past however has actually seen enhancements in security. standards recently.
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South Sudan official states to resume pumping oil through Sudan in a couple of days
South Sudan will resume pumping crude oil for export through a port in neighbouring Sudan within a few days, a South Sudanese government official told Reuters on Thursday, following repairs to an essential pipeline burst during fighting in Sudan. War broke out between Sudan's army (SAF) and the paramilitary Rapid Assistance Forces (RSF) in April in 2015, requiring millions to leave their homes and triggering a starvation. The oil exports transferred through the pipeline in Sudan have been a vital source of profits for South Sudan, representing 90% of its foreign exchange earnings, with Sudan taking a cut as a transit fee. Tut Gatluak Manime, who headed a delegation that just recently traveled to Port Sudan to talk about resuming oil exports, stated officials had actually checked out all the production sites along the pipeline. We examined all the pipelines, some were frozen however were cleaned up with hot water and some chemicals and now the pipelines are all set for complete production of oil from South Sudan, he said. Authorities from South Sudan's energy ministry will receive a. team of Sudanese engineers on Saturday to establish a strategy to. restart oil flows in a couple of days' time, Manime stated. He did not. give a specific date. South Sudan had actually been sending out in between 100,000 to 150,000. barrels of crude oil per day to Sudan for export. According to experts, the pipeline damage had actually resulted in. ecological contamination and increased food prices in a. region already facing an extreme hunger crisis.
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Mammoet, a private engineering company, will be responsible for the closure of Groningen's gas fields
Mammoet announced on Thursday that it would support one of the largest gas well closures projects in the history of the world. This follows Dutch government directives to cease production at the Groningen Field. Private engineering firm will provide engineering and logistical support to Nederlandse Aardolie Maatschappij, a joint venture between Shell and Exxon, for the decommissioning of all onshore gaswells that are closed along the Groningen Field, located north of The Netherlands. NAM is the operator of the gas field that was Europe's major gas supplier for many decades. The Dutch government, despite massive reserves, decided to reduce production rapidly in 2018 to avoid seismic risks. It stopped it completely last year. The Dutch Senate passed in April a law that permanently closed the gas field, preventing any possible resumption. Mammoet stated in a press release that "Closure began on May 1, 2024 and the project is expected to last for over a decade." This project will remove 800 gas wells and 1,750 km (1,087 mile) of pipeline. Exxon-Shell asked an arbitration tribunal in February to determine whether the state should compensate the companies for ceasing gas production on the fields. (Reporting from Seher Dareen in Bengaluru and Mrinalika Roi; editing by Vijay Kishore.)
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D.E. Shaw tosses assistance to Mantle Ridge in Air Products board battle
Hedge fund D.E. Shaw shifted course in its project for modification at commercial gases company Air Products and is now supporting a rival activist's efforts instead of pushing ahead with its own board obstacle, sources familiar with the matter stated on Thursday. D.E. Shaw has stated it no longer plans to nominate its own slate of directors to the company's board and will support a. campaign released by Mantle Ridge, the activist firm run by Paul. Hilal, individuals said. D.E. Shaw did not immediately reply to an ask for. comment. Recently Mantle Ridge signified that 2 previous top. executives at Linde Plc will team up with the company as it looks for. to push for succession preparation for Air Products' octogenarian. President Seifi Ghasemi, reorganizing the board,. improving capital allowance and overhauling the company's. method, individuals familiar with Hilal's method said. The D.E. Shaw choice was first reported by CNBC.
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One killed as passenger train derails in northern Norway, TV2 reports
A passenger train derailed in northern Norway on Thursday, leading to one casualty, Norwegian police said, according to broadcaster TV2. Norway's Joint Rescue Coordination Centre said there were in between 50 to 70 travelers on board, less than the 90 that had first been reported by train operator SJ, based upon ticket sales. A locomotive and a number of train carriages had actually hindered, cops stated on its news notification service. Live TV showed a locomotive lying on its side after sliding down a hillside and numerous train carriages were likewise hindered. The train thwarted in between Bjerka and Mo i Rana in northern Norway at around 1215 GMT, as it was heading towards the city of Bodoe from Trondheim in main Norway, according to the train operator's website.
Suspect apprehended after mailbox set on fire destructive ballots
An individual was detained after a fire was set to a mailbox in Phoenix, Arizona, harmful a number of electoral tallies, the city's mayor said on Thursday.
The Phoenix Fire Department said an unknown individual shown up early on Thursday to a U.S. Post Workplace and lit a fire inside a. drive-up collection mailbox.
While responding to the event, firemens forced the. box open and extinguished the fire, it added.
A figure was not offered for the variety of ballots damaged but. ABC15 reported that approximately 20 were harmed, pointing out fire. department officials.
A representative for the U.S. Postal Assessment Service said. postal inspectors are evaluating and dealing with all complaints of. impacted political or election mail.
Anybody who steals, disrupts, delays or otherwise tampers. with political or election mail ought to understand that the full. investigative strength of the federal government will be. directed towards them, consisting of Postal Inspectors, special. representatives with the USPS Workplace of Inspector General and Federal. Bureau of Examination, and prosecutors with the Department of. Justice, the representative said.
This absolutely no tolerance method guarantees that American residents. can vote with the confidence that their mail and the election,. 2 of America's the majority of relied on institutions, are free from. criminal disturbance.
Phoenix Mayor Kate Gallego stated she was keeping track of the. circumstance and preserving regular communication with the Arizona. secretary of state, Maricopa County Recorder's Office - which. manages citizen registration and mail voting - and local and. federal police.
Arizona is one of the battlefield mentions that could. determine the Nov. 5 election between Democratic governmental. candidate Vice President Kamala Harris and Republican politician former. President Donald Trump.
(source: Reuters)