Sabtu, 22 Juni 2019

Electric airplanes take flight at the Paris Air Show - Quartz

First came propellers. Then jet engines. Now the electric motor is starting to reshape aircraft.

The world’s largest aerospace event, the Paris Air Show, was held this week. By the numbers, the electric airplanes on display were a sideshow. More than 400 fossil fuel-powered aircraft worth $15 billion were sold as airlines stocked up to serve the world’s burgeoning demand for air travel.

But it was Cape Air’s order of the first commercial electric airplanes that drew particular attention. The Israeli startup Eviation Aircraft took a “double-digit” number of orders for a $4 million electric plane dubbed Alice. The aircraft can fly 650 miles (1,046 km) at around 500 miles per hour (805 km/h) with three electric motors on the tail and one on each wingtip. The prototype carries a 900 kWh lithium-ion battery (about nine times bigger than Tesla’s largest automotive battery).

Extending 40 ft (12 m), the plane carries just nine passengers, but that’s fine for Cape Air, a regional airline in the state of Massachusetts that completes hundreds of short flights each day. Its 92 planes serve about half a million passengers annually, making it one of the largest regional airlines in the US.

Cape Air’s short hops make it a perfect match for electric flight. Batteries can’t yet store as much energy as liquid fuel, making them unsuitable for long-haul flights where they’d add too much weight. But for flights under a few hundreds miles (the distance will grow as batteries improve), electric propulsion is much cheaper: 10 times less expensive for fuel alone, says electric motor maker MagniX. With lower maintenance, faster turnaround, and more durable systems, electric aircraft can save millions of dollars for short-haul airlines each year.

But large jet aircraft makers aren’t waiting for the electric revolution. Hybrid technology, in which electric-assist kicks in throughout the flight, will be ready in the next few years. Boeing and JetBlue have invested in Zunum Aero to roll out a hybrid craft later this year. Right behind is the merged United Technologies-Raytheon releasing a hybrid retrofit of its regional turboprop, and Airbus’s entry is due out in 2022. Meanwhile the number of electric aircraft under development keeps growing. Consultancy Roland Berger expects the number to jump from 170 to 200 by year’s end.

If the economics isn’t enough, the climate crisis is. The aviation industry contributes 2% to 3% of global emissions, and countries can’t reach their climate goals without addressing that. Sweden and Norway say they plan to make all short flights electric by 2040. Scotland, the Netherlands, California, and the UK have all begun putting financial incentives in place to reduce aviation emissions. Customers are ahead of them: Investment bank UBS  reports 22% of people it surveyed in the US and Germany were already cutting back on air travel for environmental reasons. For those under 44, it exceeded 50%.

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https://qz.com/1650449/electric-airplanes-take-flight-at-the-paris-air-show/?utm_source=google-news

2019-06-22 17:53:00Z
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Electric Planes, Flying Taxis, Supersonic Jets: Paris Air Show Gives Us a Peek at the Future of Flight - Fortune

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http://fortune.com/2019/06/22/2019-paris-air-show-tech/

2019-06-22 16:38:00Z
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Bottled water sold at Whole Foods, Target found with high levels of arsenic, study says - Fox Business

A study by the Center for Environmental Health found that high levels of arsenic were found in Starkey Water and Penafiel.  (iStock)

Testing found that high levels of arsenic were found in two bottled water brands sold at Target and Whole Foods, a study stated.

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The testing, commissioned by the Center for Environmental Health (CEH), found the high levels of arsenic in Starkey Water, which is owned by Whole Foods, and Penafiel, which is owned by Keurig Dr Pepper and sold at Target stores.

“CEH has sent legal notices to these bottled water manufacturers and retailers because the amount of arsenic in the water is above the level requiring a health warning under California’s consumer protection law Proposition 65,” a press release from the CEH stated. “Prop 65 identifies arsenic as a metal that causes reproductive harm and cancer.”

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The press release stated children could be the most harmed by high levels of arsenic because to their bodies are still developing. The element could also harm an unborn child.

“Consumers are being needlessly exposed to arsenic without their knowledge or consent,” Michael Green, the CEO of CEH, said in a statement. “Customers typically purchase bottled water at exorbitantly high costs with the assumption that it is safer and healthier to drink than tap water, unaware that they are ingesting an extremely toxic metal linked to birth defects and cancer.”

The report stated the findings confirm research conducted by Consumer Reports earlier this year, “which also discovered high levels of arsenic in these bottled water brands.”

On Friday, Keurig Dr Pepper announced it will be withdrawing Penafiel products from shelves due to “presence of violative levels of arsenic,” a press release from the Food and Drug Administration stated. The products are sold at Target, Walmart and other vendors, according to USA Today. Consumers can return the products to a retailer for a full refund.

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A Whole Foods Market spokesperson told FOX Business in a statement, "At Starkey Water, our highest priority is to provide customers with safe, high-quality and refreshing spring water. Beyond the required annual testing by an FDA certified lab, we have an accredited third-party lab test every production run of water before it is sold, and our test results from the same lot analyzed by Consumer Reports show that these products are fully compliant with FDA standards for heavy metals. We would never sell products that do not meet FDA requirements.”

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https://www.foxbusiness.com/features/bottled-water-sold-at-whole-foods-target-found-with-high-levels-of-arsenic-study-says

2019-06-22 12:32:03Z
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Is Toys R Us making a comeback? A year after stores closed, there's talk of new locations - USA TODAY

Toys R Us is poised to make a comeback under a new name and with a much smaller footprint.

Almost exactly a year after the remaining Toys R Us stores closed in late June 2018, Bloomberg is reporting that a new e-commerce site and half dozen stores could open later ahead of holiday shopping.

Richard Barry, who previously served as global chief merchandising officer for Toys R Us and is president and CEO of the new Tru Kids Inc., has been pitching his vision to toymakers to revive the chain, Bloomberg reported citing people familiar with the plans.

The new vision includes smaller stores about 10,000 square feet that will reportedly offer more experiences, like play areas. Many of the Toys R Us stores that closed last year were around 30,000 square feet.

Store closings 2019: CVS, Payless and Victoria's Secret are just some of the brands closing stores

Life after Babies R Us: Walmart and Target expand baby options and toys

In February, the new company announced in a statement that it started doing business on Jan. 20 as Tru Kids Brands and was the "proud parent of Toys"R"Us, Babies"R"Us, Geoffrey and more than 20 established consumer toy and baby brands."

On June 5, the new company announced it was returning to Australia and making its debut in New Zealand.

Digital update: Mattel revs up Hot Wheels to new digital generation

Tru Kids will be based in New Jersey, and its workforce includes a team of former Toys R Us employees.

"We have a once-in-a-lifetime opportunity to write the next chapter of Toys R Us by launching a newly imagined omni-channel retail experience for our beloved brands here in the U.S.," Barry said in February's statement announcing the plans.

A Tru Kids spokeswoman told Bloomberg that it wasn’t ready to publicly share details on its U.S. strategy.

Contributing: Melanie Anzidei, North Jersey Record

Follow USA TODAY reporter Kelly Tyko on Twitter: @KellyTyko

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https://www.usatoday.com/story/money/2019/06/21/toys-r-us-comeback-tru-kids-new-stores/1533632001/

2019-06-22 06:09:00Z
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Jumat, 21 Juni 2019

Slack IPO: Huge Pop Unleashes Animal Spirits - Seeking Alpha

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  1. Slack IPO: Huge Pop Unleashes Animal Spirits  Seeking Alpha
  2. Slack Ends First Day of Trading Worth $21 Billion. Now the Hard Work Begins  Yahoo Finance
  3. Why Slack's IPO Investor Sentiment Might Be A Good Omen  Benzinga
  4. Slack Ends Its First Day of Trading Worth $21 Billion. Now the Hard Work Begins  Fortune
  5. How Slack Made Other Startup CEOs Wealthy: Term Sheet  Yahoo Finance
  6. View full coverage on Google News

https://seekingalpha.com/article/4271463-slack-ipo-huge-pop-unleashes-animal-spirits

2019-06-21 14:31:00Z
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Slack Technologies Shares Extend Gain After First-Day Pop - Yahoo Finance

(Bloomberg) -- Slack Technologies Inc. shares rose as much as 4.2% on Friday in their second day of trading.

The maker of software for workers to chat and collaborate on projects traded as high as $40.25 in New York. In Thursday’s debut, the stock opened at $38.50, well above the reference price of $26.

Slack shunned the traditional initial public offering route, and instead directly listed its shares on the New York Stock Exchange, allowing shareholders to sell right away without a lockup period. The company chose not to have a traditional IPO for a pragmatic reason: It didn’t need the cash, Slack Chief Executive Officer Stewart Butterfield said Thursday.

Bloomberg Beta, the venture capital arm of Bloomberg LP, is an investor in Slack.

(Updates shares in first two paragraphs.)

To contact the reporter on this story: Janet Freund in New York at jfreund11@bloomberg.net

To contact the editor responsible for this story: Catherine Larkin at clarkin4@bloomberg.net

For more articles like this, please visit us at bloomberg.com

©2019 Bloomberg L.P.

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https://finance.yahoo.com/news/slack-technologies-extends-gain-49-110421990.html

2019-06-21 13:49:00Z
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Market moves; Oil gains; Canceled flights - CNN

The S&P 500 is poised to drop 0.1%. The Nasdaq could shed 0.2%, while the Dow should open flat.
European markets are doing better. Britain's FTSE 100 increased 0.3% in early trading. Germany's DAX jumped 0.5% and France's CAC 40 rose 0.8%.
Stocks in Asia were mixed. Hong Kong's Hang Seng lost 0.3%, and Japan's Nikkei dropped almost 1%. The Shanghai Composite, meanwhile, gained 0.5%.
The Dow finished 0.9% higher on Thursday. The S&P 500 was up almost 1%, and the Nasdaq rose 0.8%. The indexes have been buoyed by an indication from the Federal Reserve this week that it could cut interest rates.
2. Oil gains: Oil prices are moving higher as tensions between Iran and the United States remain hot.
Futures for Brent crude, the global benchmark, jumped 0.5% Friday. US oil inched up 0.2%.
Investors are concerned about supply after Iran said Thursday it had shot down an a US military drone, causing prices to spike. Brent crude shot up almost 4.3% and US oil rose 5.4%.
President Donald Trump called the move "very foolish," but added that he found it "hard to believe it was intentional."
The situation remains in flux. The New York Times is reporting that Trump on Thursday called off military strikes against Iran that he'd previously approved.
Tensions with Iran flared last week when two tankers were attacked near the Strait of Hormuz, an attack that US authorities blame on Tehran.
It's a murky picture for oil traders, who recently were more worried about excess supply as global economic growth cools.
3. Canceled flights: Meanwhile, airlines are canceling or rerouting flights to avoid the region.
A United (UAL) flight between Newark and Mumbai was suspended starting Thursday, the airline said.
The move followed new restrictions from the US Federal Aviation Administration prohibiting American carriers from operating over the Persian Gulf and Gulf of Oman.
The US regulator said in a statement that "heightened military activities and increased political tensions" in the region could "place commercial flights at risk."
Other global carriers are following suit. Qantas (QABSY) said it was shifting flight paths in the Middle East to avoid the Strait of Hormuz and Gulf of Oman. KLM (AFLYY) also said it would avoid the Strait of Hormuz.
4. Coming this week:
Friday: US existing home sales, Markit flash US manufacturing PMI

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https://www.cnn.com/2019/06/21/investing/premarket-stocks-trading/index.html

2019-06-21 11:34:00Z
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