Boeing starts counting the cost of its 737 MAX woes.

first_imgBoeing’s 737 plant in Renton, Washington. Boeing has begun factoring in more than $US1 billion in additional costs stemming from its 737 MAX problems as first-quarter profit fell 13 percent.The manufacturer abandoned its 2019 financial guidance because it did not reflect the 737 MAX impacts and said it would issue a new guidance “at a future date”.The global 737 MAX fleet was grounded after two crashes in less than five months, one in Indonesia and One in Ethiopia, killed 346 people. Boeing has also temporarily cut the 737 production rate in response to the crisis.READ our 737 MAX coverage.The results were the first signs of the pain the MAX issues are causing the company as works with global regulators and airlines to test a software fix for the plane and finalize associated training.“Across the company, we are focused on safety, returning the 737 MAX to service, and earning and re-earning the trust and confidence of customers, regulators and the flying public,” said Boeing chief executive  Dennis Muilenburg.“As we work through this challenging time for our customers, stakeholders and the company, our attention remains on driving excellence in quality and performance and running a healthy sustained growth business built on strong, long-term fundamentals.”Boeing has completed testing the new software in engineering flights and reports suggest the Federal Aviation Administration will conduct certification flights next month.The $US1 billion in MAX-related costs includes higher production expenses over the life of the program but not the cost of the software changes, pilot training, customer compensation and liability payments to the families of crash victims.The Wall Street Journal reported some analysts estimates for tackling the MAX crisis run as high as $US3 billion when payouts to airlines and suppliers are included.Boeing’s first-quarter profit fell 13 percent to $US2.15 billion and revenue was down by 2 percent to $US22.92 billion.While the 737 MAX cast a shadow over the results, the company said the first-quarter also saw key defense wins, strong commercial widebody performance and orders and continued robust services growth. It also included Embraer shareholder approval for the proposed strategic partnership.Commercial aircraft deliveries fell 19 percent in the first quarter to 149 as revenues fell 9 percent to $US11.82 billion and earnings from operations dropped 17 percent $US1.17 billion.The first-quarter operating margin of 9.9 percent, down 1 percentage point,  reflected lower 737 deliveries but was partially offset by a higher margin on the 787 DreamlinerThe 787 production rate rose to 14 a month and widebody orders included 18 777X jets for British Airways parent company IAG, 20 787s for Lufthansa and 10 Dreamliners for Bamboo Airways.Boeing has also rolled out the first 777X and the company said the program remained on track for the first flight this year and delivery in 2020.last_img read more

How Caesars Entertainment Cut Big Data Processing Time from 6 Hours to 45 Minutes

first_imgHappy customers are the lifeblood of the entertainment industry.  But before you can make customers—and potential customers—happy, you’ve got to understand what they want. For Caesars Entertainment, that meant putting together a big data analytics system that could handle a new, expanded set of customer data for its hotels, shows, and shopping venues—with faster processing and better results.Expanded Data EnvironmentTo improve customer segmentation and build more effective marketing campaigns, Caesars needed to expand its customer data analysis to include both unstructured and semi-structured data. It was also important to speed up processing for analytics and marketing campaign management.Caesars built a new data analytics environment based on Cloudera’s Distribution Including Apache Hadoop (CDH) software running on servers equipped with the Intel® Xeon® processor E5 family. The new system reduced processing time for key jobs from 6 hours to just 45 minutes and expanded Caesars’ capacity to more than 3 million records processed per hour. It also enables fine-grained segmentation to improve marketing results and improves security for meeting Payment Card Industry (PCI) and other key security standards.Reaching New CustomersThe new environment makes it easier for Caesars to reach out to younger customers, who are likely to prefer using smart phones or tablets to get their information. Caesars’ new mobile app lets customers use their mobile devices to check rates and make reservations. That data goes to the Hadoop environment for analysis in real time, where Caesars can use it to fine-tune its operations. Caesars can even use this data to tailor mobile responses and offers on the fly based on factors like the customer’s preferences and location.Creating Personalized MarketingWith faster, better analysis of all data types, Caesars can now create and deliver personalized marketing, reaching a new generation of customers and winning their loyalty.You can take a look at the Caesars Entertainment solution here or read more about it here. To explore more technology success stories, visit www.intel.com/itcasestudies or follow us on Twitter.last_img read more

Linchpin: What you need to know about the art of being indispensable

first_imgSeth Godin has a new book out, and Linchpin has me thinking about my work, indispensable colleagues and how to be truly valuable to my cause in entirely new ways. It is the most motivating book I’ve read in a long while. And, in a nice bonus, it includes a picture of my colleague Charles Ball at Network for Good in the inside cover, where there is a hall of fame of linchpins.As Seth Godin is gifted at doing, he puts his finger on some vital truths that we all may have sensed at certain moments but that haven’t been able to grap on a conscious level, articulate fully or act upon. If you are someone in a hurry to do good in this world, read this book because it will encourage you to pursue that goal in a way that makes a far bigger difference for you, your organization and the world. It will help you break out of the email inbox, the fear of failure and the spinning of wheels and galvanize you to pursue your genius instincts. In short, it’s a good kick in the butt and shot of bravery for the start of the new year.Here are some key ideas from the book:1. The people of greatest value in this economy and to your organization are linchpins. A linchpin is a person who walks into chaos, creates order and invents, connects, creates and makes things happen. People who work automatically, by rote and define what is and is not their job are disposable.2. The “makes things happen” part of being a linchpin is critical. It’s not enough to be an artiste. Or a genius. You actually have to produce and deliver. The difference between a successful artist and a failed one is what happens after the idea is hatched. The difference is the race to completion. Don’t just be an idea person. Be an implement-the-idea-fast person. As Seth says (and I love this):Wait! Are you saying that I have to be someone who dreams up new ideas AND makes them real? Someone who finds new ways to interact, new pathways to deliver emotion, new ways to connect? Someone who acts like a human, not a cog? Yes.3. Do all of this in a generous way. Don’t be a linchpin with an eye toward getting but rather with a mindset of giving. Approach your work as if you were giving the gift of yourself each day. Approach your customers (or donors!) with gratitude in your heart rather than dollars signs in your eyes.Number three is so important to our sector. Seth says there are three ways to think about gifts:1) Give me a gift!2) Here’s a gift. Now you owe me, big time.3) Here’s a gift, I love you.Stick to #3. It’s good for your career, it’s good for your organization and it’s good for the greater good.Thank you, Seth, for reminding us of how important it is – especially for those of us working for good causes – to approach our work with vigor, rigor and generosity!last_img read more

Arsenal’s worst signings of all time

first_imgTransfers Arsenal’s 15 worst signings of all time Goal Last updated 1 year ago 17:00 2/4/18 FacebookTwitterRedditcopy Comments(7) Arsene Wenger Arsenal Getty Images Transfers Arsenal Premier League Goal takes a look at some of the worst signings made by the Gunners, including the likes of Park Chu-Young and Christopher Wreh Arsenal have signed some world-class players in their long and illlustrious history, many of whom arrived during past two decades under manager Arsene Wenger.But for every Thierry Henry or Alexis Sanchez who has rocked up in north London, there has been a Francis Jeffers or a Denilson, dire under-performers who, in some cases, were acquired at great cost only to be sold without ever leaving a mark.With the January transfer window now shut, Goal takes a look at some of the transfers Gunners fans would rather forget.last_img read more

10 months agoHuddersfield boss Wagner: We must forget about table, results, whatever

first_imgHuddersfield boss Wagner: We must forget about table, results, whateverby Paul Vegas10 months agoSend to a friendShare the loveHuddersfield Town boss David Wagner has urged his players to focus only on themselves ahead of facing Manchester United.Wagner’s team having won only once at the John Smith’s Stadium this season, scoring four goals in 10 games.He said: “We have to make ourselves independent from what is around us, from the table, results, whatever.”We are exactly where everybody predicted us so this makes no sense to think about it and get affected by it.”We are only able to collect points and to be competitive if we perform on our highest level. This is what we’ve done in recent weeks and this is what we’ve done in the second half (against Southampton), where we looked competitive.”In the first half we didn’t perform at our level, we were not competitive and we were 2-0 down.” About the authorPaul VegasShare the loveHave your saylast_img read more

CanadianAmerican family held captive by Talibanlinked group released

first_imgA Canadian man, his American wife and their three young children born during the couple’s five years in captivity were freed in a Pakistani commando raid and shootout, authorities announced Thursday.The Pakistani military said Joshua Boyle, his wife Caitlan Coleman and their children had been freed in “an intelligence-based operation” after they’d crossed the border from Afghanistan, where they had been abducted by a group with ties to the Taliban.Tariq Azim Khan, the country’s high commissioner to Canada, said once the military received word of the family’s whereabouts from U.S. intelligence authorities, they acted quickly.Khan described a dramatic scene in which gunshots rang out as the family was intercepted by Pakistani forces while being transported by their captors in the trunk of a van.Intelligence officials in Pakistan said the confrontation happened near a road crossing in the Nawa Kili area of the district of Kohat in northwest Pakistan.“We know there was a shootout and Pakistan commandos carried out an attack and rescued the hostages,” Khan said from London.Canada’s Foreign Affairs Minister Chrystia Freeland, who has met with the Boyle family in the past, said they had endured an “absolutely horrible ordeal.” Freeland refused to describe the circumstances of the release, citing security reasons but said Canada had been working with the U.S., Pakistan and Afghanistan, whom she thanked.“We all have to really remember what a traumatic experience this family has gone through — really unspeakable,” Freeland said in Mexico City.Prime Minister Justin Trudeau, who was also in Mexico City for trade discussions, thanked U.S. and Pakistani officials for their efforts in freeing the captives.“We’re pleased that the ordeal they’ve been through over these past years has finally come to an end,” Trudeau said Thursday night during a news conference.Boyle and Coleman, who was pregnant at the time of the abduction, were held by the Haqqani network, a group U.S. officials call a terrorist organization.Boyle’s parents, who live in Smiths Falls, Ont., said their son and his family intend to come to Canada.“The family has chosen Canada,” Patrick Boyle said Thursday evening. “We’re hoping to know ourselves when we get to go pick them up.”The family were safe but exhausted, Patrick Boyle said.“We just spoke to them again recently, Boyle said. “He (Joshua) said they’ve all been up since Tuesday so he was very pleased, he’s running on empty.”In anticipation of the release, Canadian authorities had travelled to Smiths Falls and woke Boyle up early Thursday morning to give him the news.“They’d been in a hotel two minutes down the street for the better part of the day, waiting for approval to tell us they’d been released,” Boyle said.“We got a call at one a.m. saying ‘we’ll be at your door in five minutes and it’s not bad news.’”He said he and his family were “over the top” Thursday at word of the release.“We struggled with every dark spot in the last five years, today that’s sort of parked,” he said.Joshua’s mother Linda had no doubt what the first thing she intended to do when she sees her son and family.“Hug them, slobber kisses all over them,” she said.Coleman’s parents, meanwhile, posted a statement on the door of their Pennsylvania home saying they appreciated “all the interest and concern being expressed at the joyful news that Caity, Josh and our grandchildren have been released after five long years of captivity.”A U.S. national security official, who wasn’t authorized to discuss the case publicly, said the family were together in a safe location in Pakistan. American officials had planned on moving the family out of Pakistan on a U.S. transport plane but Boyle refused to board, the official said.Another U.S. official said Boyle was nervous about being in “custody” given that he was previously married to Zaynab Khadr, the sister of Canadian Omar Khadr, who spent 10 years at Guantanamo Bay after being captured when he was 15 in Afghanistan.Officials discounted any link between that background and Boyle’s capture and Freeland stressed that Boyle was not the focus of any investigation.Patrick Boyle suggested it was a matter of principle because his son was told the plane would have stopped at Bagram air base in Afghanistan, which American authorities had once used to ship detainees to its Guantanamo Bay prison in Cuba where many languished for years under harsh conditions.“I just think he just saw it as unnecessary and philosophically he finds it offensive,” said Boyle, who added that his son was effusive in his praise of his rescuers and is eager to cooperate with authorities and bring his captors to justice.The release came nearly five years to the day since Boyle and Coleman lost touch with their families while travelling in a mountainous region near the Afghan capital, Kabul.The couple had set off in the summer 2012 for a journey that took them to Russia, the central Asian countries of Kazakhstan, Tajikistan and Kyrgyzstan, and then to Afghanistan. Coleman’s parents last heard from their son-in-law on Oct. 8, 2012, from an internet cafe in what Boyle described as an “unsafe” part of Afghanistan.The couple appeared in a series of videos beginning in 2013, which were shared online. In one posted last December, the pair urged governments on all sides to reach a deal to secure the family’s freedom. Boyle’s parents had said the clip marked the first time they had seen their two grandchildren.They have said it was heartbreaking to watch their grandchildren observing their surroundings while listening to their mother describe how they were made to watch her being “defiled.”“It is an indescribable emotional sense one has watching a grandson making faces at the camera, while hearing our son’s leg chains clanging up and down on the floor as he tries to settle his son,” the Boyles said in a written statement at the time. “It is unbelievable that they have had to shield their sons from their horrible reality for four years.”The parents said their son told them in a letter that he and his wife tried to protect their children by pretending their signs of captivity are part of a game being played with guards.In the clip, Coleman said she and her family had been living a “Kafkaesque nightmare” since 2012. The Boyles had said their daughter-in-law could not have used a more accurate term.In commenting on news of the family’s release from captivity, U.S. President Donald Trump praised Pakistan for its willingness to “do more to provide security in the region.”— with files from the Associated Press.last_img read more

TORONTOS FUTURE FESTIVAL STOPS IN AT CFC MEDIA LAB

first_img Twitter Elli Raynai demos his VR production Made This Way: Redefining Masculinity. For much of the general public, augmented and virtual reality (AR/ and VR) are entertainment platforms that offer mere escape or diversion. Movies like Ready Player One or games like Pokemon GO only further that association.Yet entertainment is only a fraction of the VR marketplace. The technology that powers gaming headsets may have more lucrative applications in other industries, which might not be apparent at first glance.These other possibilities were on display on Monday, September 24, when the Canadian Film Centre’s Media Lab (CFC Media Lab) became a “trend safari” stop for attendees of the Toronto Future Festival. This event brought companies like IKEA, FedEx and Coca-Cola to the CFC to preview some of the latest AR/ VR tech from CFC Media Lab’s IDEABOOST-Network Connect startups. Advertisement “Virtual reality and augmented reality are big. As innovators, it’s important to know what’s going on to get a better grasp of where the future might be,” says Crocs Innovation Manager David Nicholson. From VR narratives like Irem Harnak and Elli Raynai’s Made This Way: Redefining Masculinity, to on-the-go AR gaming platforms like Albedo Informatics’ LARGE, the gathering not only showcased many different aspects of VR and AR as innovative. It also connected corporations directly with startups. Advertisementcenter_img Facebook Login/Register With: LEAVE A REPLY Cancel replyLog in to leave a comment Advertisementlast_img read more

2018 Fort St John Annual Municipal Report being presented

first_imgCopies of this report are available on the city’s website; CLICK HERE or in person from City Hall at 10631-100th StreetAny inquiries regarding this public meeting can be directed to David Joy, General Manager of Corporate Services at djoy@fortstjohn.ca or call (250) 794-3300 FORT ST. JOHN, B.C. – A public meeting is being held to present the 2018 Annual Municipal Report on Monday, June 24th, 2019.The presentation starts at 6 pm at City Hall in the Council chambers and is being presented by David Joy, General Manager of Corporate Services.The presentation will go over the details of the report including the 2019 goals and objectives, updates to the 2018 goals and objectives, the 2018 audited financial statements and report on permissive property tax exemptions.last_img read more

Regulator seeks powers to grant immunity impose lesser penalty

first_imgNew Delhi: With an aim to bolster its information-gathering mechanism and fast-track its probe, market regulator Sebi has sought direct powers to grant immunity in select cases and to impose lesser penalty if the accused agrees to provide assistance against other wrongdoers. In two separate proposals for the government, the Securities and Exchange Board of India (Sebi) has opined that such provisions would help it in establishing and securing stronger findings and orders against defaulters against whom sufficient evidence may not be available otherwise, officials said. Also Read – Maruti cuts production for 8th straight month in SepThe new powers can be crucial for Sebi in some ongoing cases, including one involving a large bank and several high-profile names, officials added. At present, any immunity for securities law violations can be granted only by the central government. Citing similar powers available with the fair trade watchdog Competition Commission of India (CCI), Sebi has proposed to impose a lesser penalty on a person who may have violated securities laws but provides assistance to the regulator in proceedings against other accused before completion of investigation, inquiry, inspection or audit ordered by it. Also Read – Ensure strict implementation on ban of import of e-cigarettes: revenue to CustomsResponding to Sebi’s proposal, the Finance Ministry has opined any such powers should remain with the central government and a provision for that can be made by suitable amendments to the Sebi Act and the Securities Contracts Regulation Act (SCRA). Clarifying that the proposal to impose a lesser penalty is different from granting immunity, Sebi has said the conduct of a person in an actionable proceeding may be considered as a mitigating factor and the regulator or its adjudicating officer should be empowered to impose a smaller fine against an individual providing help in probe. This would, however, depend on the person having made a full and true disclosure in respect of his or her alleged violations and the disclosure should be vital for the regulator. Also, the penalty cannot be reduced in cases where the disclosure is made after receipt of report of inspection, inquiry, audit or investigation. In cases where the informant stops cooperating with the regulator before completion of the proceedings would also not qualify for the leniency. Besides, Sebi can act against such an informant at a later stage if it finds that the person has failed to comply with the necessary conditions for the leniency, had given false evidence or the disclosure was not vital or to the satisfaction of the regulator or its adjudicating officer. On the proposal regarding power to grant immunity , the regulator is of the view that such powers currently lies only with the central government. However, the Committee on Fair Market Conduct has recommended that such a power can also be exercisable by Sebi. The Committee has also suggested necessary amendment to the Section 24B of the Sebi Act to give power to Sebi to impose lesser penalty along the lines of a similar provision in the Competition Act. This Section provides for power to grant immunity to the central government to a person who is alleged to have violated any of the provisions of the Sebi Act or rule or regulations the immunity from prosecution or from imposition of any penalty. It has been now proposed that such powers should be available to the government as well as to Sebi, officials said. Sebi has also proposed to remove the reference in the current provision that any recommendation from the regulator for grant of immunity should not be binding on the government. Any such immunity, however, cannot be granted in cases where the proceedings for the prosecution for any offence has been instituted before the receipt of application for granting immunity. Also, an immunity can be withdrawn by the government or Sebi at a later stage if it is found that the person has failed to comply with necessary conditions or the evidence provided by him or her is found to be false. Subsequently, the person can be tried for the offence and also become liable to imposition of a penalty for the offence for which the immunity was granted.last_img read more

Luxury vehicle which had belonged to Namal seized

A luxury vehicle which had belonged to Parliamentarian Namal Rajapaksa was seized by the police Financial Crimes Investigations Division (FCID) today.The vehicle was said to have been used by Rajapaksa when his father Mahinda Rajapaksa was President. (Colombo Gazette)