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Trading Ideas

Europe air safety regulator gives no firm date for 737 MAX to fly again

August 4, 2020 admin Comments Off on Europe air safety regulator gives no firm date for 737 MAX to fly again

Europe’s air safety watchdog has no firm date for Boeing’s grounded 737 MAX to resume flights, it said on Tuesday, adding that the U.S. planemaker had some more work to do before a 17-month-old safety ban could be lifted in Europe. The U.S. Federal Aviation Administration on Monday issued a proposed directive requiring four design or operating changes in the wake of two fatal 737 MAX crashes, in a move which could lead to the agency lifting a grounding order on the jet later this year. The European Union Aviation Safety Agency (EASA) declined to comment directly on …read more […]

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Playing Big Gov’s Game to Defend Liberty

August 4, 2020 admin Comments Off on Playing Big Gov’s Game to Defend Liberty

Last month, my wife and I flew to Montana to do a presentation for Music Ranch Montana.
No, I didn’t sing.
I gave the first nonmusical presentation at the venue… and I was honored to perform with my own version of dramatic infotainment.
But that’s not what I’m writing about today.
I decided to have a little fun with COVID-19 rules and play some games with our bureaucrats.
It’s Contaminated
I have one of those little blue cotton hospital masks they give you as freebies whenever you go somewhere these days. I’ve used it now on a dozen flights. I keep it in my computer bag …read more […]

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Booking.com Restructuring Will Pare Its Workforce By Up to 25 Percent

August 4, 2020 admin Comments Off on Booking.com Restructuring Will Pare Its Workforce By Up to 25 Percent

Later than any of its peers, Booking.com announced Tuesday it will be restructuring, and eliminating up to 25 percent of its global employee base, a number Skift estimated to be roughly 4,300 employees. Glenn Fogel, the CEO of both parent company Booking Holdings and Booking.com, is expected to tell Booking.com employees that Covid-19 hit Booking.com […] …read more […]

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Kuwaiti lessor Alafco reaches deal with Boeing in 737 MAX dispute

August 4, 2020 admin Comments Off on Kuwaiti lessor Alafco reaches deal with Boeing in 737 MAX dispute

Kuwaiti aircraft leasing company Alafco will buy fewer aircraft from Boeing after reaching an agreement to end its legal claim over a cancelled 737 MAX order, it said on Tuesday. Alafco was suing the U.S. planemaker for $336 million over accusations it wrongly refused to return advance payments on a cancelled order for 40 of its troubled 737 MAX planes. The Kuwaiti lessor will now buy 20 aircraft from Boeing, instead of 40, with new delivery dates, it said in a bourse filing. …read more […]

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BP to cut fossil fuels output by 40% by 2030

August 4, 2020 admin Comments Off on BP to cut fossil fuels output by 40% by 2030

Energy group BP will increase its low-carbon spending to $5 billion a year by 2030 and boost its renewable power generation to 50 gigawatts (GW) while shrinking oil and gas output by 40% compared with 2019, it said on Tuesday. The portfolio it plans to build would include renewables, bioenergy and early positions in hydrogen and carbon capture and storage technology, with the bulk of the budget to be spent by 2025. BP’s oil and gas production is expected to shrink by at least one million barrels of oil equivalent a day from 2019 levels, the company said, …read more […]

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Plug Power Spikes A Further 19% On Major UK Supermarket Deal

August 4, 2020 admin Comments Off on Plug Power Spikes A Further 19% On Major UK Supermarket Deal

Shares in Plug Power (PLUG) spiked 19% in Monday’s trading after the company announced a new deal with UK-based supermarket Asda. PLUG will provide the hydrogen fuel cell solutions to power the lift truck fleet within the retail giant’s extensive supply chain network.Asda’s partnership with Plug Power includes a purchase order agreement for Plug Power’s full-service GenKey solution, beginning at the UK facility in Skelmersdale. The turnkey solution includes fuel cells, hydrogen fueling equipment, hydrogen and service.“This new customer continues Plug Power’s growth in Europe and represents the first deployment at scale of hydrogen fuel cell technology for material handling …read more […]