logo
India reportedly mulls grounding 787s as it investigates the fatal crash

India reportedly mulls grounding 787s as it investigates the fatal crash

Yahoo6 days ago

Investing.com -- Indian authorities are examining multiple factors in the Air India Boeing (NYSE:BA) 787-8 crash that killed more than 240 people in Ahmedabad on Thursday, according to a Reuters report on Friday.
The investigation is focusing on several technical aspects of the aircraft, including engine thrust issues, problems with the flaps, and why the landing gear remained open during the incident. Possible bird strike is reportedly not among things being investigated.
Officials are also evaluating whether Air India bears responsibility for the crash, particularly regarding maintenance procedures.
The Indian government is reportedly also considering a temporary grounding of all Boeing 787 aircraft operating in the country while the investigation continues.
Related articles
India reportedly mulls grounding 787s as it investigates the fatal crash
Wells Fargo sees second-half rebound for software stocks, upgrades Zscaler
BofA flows: Equity funds suffered weekly outflows of $10 billion

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Terreno Realty Corporation Acquires Property in Queens, NY for $16.0 Million
Terreno Realty Corporation Acquires Property in Queens, NY for $16.0 Million

Business Wire

time19 minutes ago

  • Business Wire

Terreno Realty Corporation Acquires Property in Queens, NY for $16.0 Million

BELLEVUE, Wash.--(BUSINESS WIRE)-- Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired an industrial property located in Long Island City Queens, New York on June 18, 2025 for a purchase price of approximately $16.0 million. The property consists of one industrial distribution building containing approximately 36,000 square feet on 1.0 acres. The property is at 11-40 Borden Avenue, adjacent to the entrance to the Queens-Midtown Tunnel and the Pulaski Bridge, and provides two dock-high and one van-level loading positions. The property is 100% leased through May 2028 to an insulation distributor and the estimated stabilized cap rate is 3.9%. Estimated stabilized cap rates are calculated as annualized cash basis net operating income stabilized to market occupancy (generally 95%) divided by total acquisition cost. Total acquisition cost includes the initial purchase price, the effects of marking assumed debt to market, buyer's due diligence and closing costs, estimated near-term capital expenditures and leasing costs necessary to achieve stabilization. Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: New York City/Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle and Washington, D.C. Additional information about Terreno Realty Corporation is available on the company's web site at Forward-Looking Statements This press release contains forward-looking statements within the meaning of the federal securities laws. We caution investors that forward-looking statements are based on management's beliefs and on assumptions made by, and information currently available to, management. When used, the words 'anticipate,' 'believe,' 'estimate,' 'expect,' 'intend,' 'may,' 'might,' 'plan,' 'project,' 'result,' 'should,' 'will,' 'seek,' 'target,' 'see,' 'likely,' 'position,' 'opportunity,' 'outlook,' 'potential,' 'enthusiastic,' 'future' and similar expressions which do not relate solely to historical matters are intended to identify forward-looking statements. These statements are subject to risks, uncertainties, and assumptions and are not guarantees of future performance, which may be affected by known and unknown risks, trends, uncertainties, and factors that are beyond our control, including risks related to our ability to meet our estimated forecasts related to stabilized cap rates, and those risk factors contained in our Annual Report on Form 10-K for the year ended December 31, 2024 and our other public filings. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated, or projected. We expressly disclaim any responsibility to update our forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Accordingly, investors should use caution in relying on past forward-looking statements, which are based on results and trends at the time they are made, to anticipate future results or trends.

Iron Mountain Provides Update on U.S. Government Digital Award
Iron Mountain Provides Update on U.S. Government Digital Award

Business Wire

time19 minutes ago

  • Business Wire

Iron Mountain Provides Update on U.S. Government Digital Award

PORSTMOUTH, N.H.--(BUSINESS WIRE)--Iron Mountain (NYSE: IRM), a global leader in information management services, today provided an update on its recently awarded contract by the U.S. Department of the Treasury. The company has commenced work under the award and is actively digitizing documents and leveraging its proprietary intelligent digitization solution as part of the engagement. Earlier this week the U.S. Department of the Treasury issued a Request for Quotations (RFQ) for a new long-term engagement for digitalization as a service, with an expanded scope and a lengthened contract period of five years. If awarded, this new RFQ would incorporate the work awarded to Iron Mountain in April. The company welcomes the opportunity to compete for this larger and longer duration contract. Having successfully completed numerous digital transformation projects for the U.S. Government, having been awarded the earlier iteration of this opportunity, and having the benefit of doing the work under its current contract, Iron Mountain believes it is well positioned to provide the U.S. Government with a superior end-to-end solution that can fully support this efficiency initiative. The company has begun the process of responding to the RFQ and expects to submit its response before the government's July 11, 2025 deadline. In the meantime, we continue to work and be compensated under the initial award given the time criticality of the U.S. Government's requirement. As previously disclosed, the company has not included any benefit from the Department of Treasury award in its 2025 financial guidance. About Iron Mountain Iron Mountain Incorporated (NYSE: IRM) is trusted by more than 240,000 customers in 61 countries, including approximately 95% of the Fortune 1000, to help unlock value and intelligence from their assets through services that transcend the physical and digital worlds. Our broad range of solutions address their information management, digital transformation, information security, data center and asset lifecycle management needs. Our longstanding commitment to safety, security, sustainability and innovation in support of our customers underpins everything we do. To learn more about Iron Mountain, please visit

Warren Buffett's stock is getting cheaper! Is this an opportunity for investors?
Warren Buffett's stock is getting cheaper! Is this an opportunity for investors?

Yahoo

time20 minutes ago

  • Yahoo

Warren Buffett's stock is getting cheaper! Is this an opportunity for investors?

Since Warren Buffett announced his intention to retire at the end of 2025, Berkshire Hathaway's (BRK-B) (NYSE:BRK.B) shares have become noticeably cheaper, with both Class A and B shares falling by around 8% from their all-time highs, underperforming the broader S&P 500 (^GSPC), which has risen over the same period. This pullback may reflect investor anxiety about the post-Buffett era, despite his successor Greg Abel's strong operational credentials. But there are likely factors at play. Berkshire Hathaway is a vast American conglomerate, famous for its unique structure and Buffett's legendary value investing approach. The company's operations span insurance (GEICO, Gen Re), railways (BNSF), utilities and energy (Berkshire Hathaway Energy), manufacturing (Precision Castparts, Duracell), and retail (Dairy Queen, See's Candies). In addition to wholly-owned businesses, Berkshire manages an enormous portfolio of publicly traded equities, with its largest holdings including Apple, American Express, Coca-Cola, Bank of America, and Chevron. These five stocks alone account for over 62% of its equity portfolio. For a period, Apple accounted for over half of this portfolio. Clearly, concentration risk wasn't a huge concern for Buffett. Financially, Berkshire sits atop a colossal cash pile, with $333bn in cash and short-term investments, including over $300bn in US Treasury bills as of Q1 2025. This immense liquidity provides a buffer against market shocks and positions the company to seize opportunities during downturns. However, the company's first-quarter earnings fell short of expectations, and the recent leadership transition has led to investor caution and profit-taking after a strong multi-year rally. Despite its diversification, Berkshire remains heavily US-focused, with the majority of its revenues and assets tied to the American economy. This domestic concentration means it's particularly sensitive to US economic trends, such as inflation and growth. According to the Federal Reserve's model, a $10 increase in oil prices could push US inflation up by 0.4% and slow growth by a similar margin, underscoring the macroeconomic risks Berkshire faces as a predominantly American enterprise. Berkshire Hathaway stands out for its remarkable long-term performance. The shares saw an average annual gain of 19.9% since 1965, far outpacing the S&P 500's 10.4% over the same period. It has continued to outperform major indices since the start of the pandemic despite holding a limited number of technology giants — these are the stocks that have really taken the US indices higher. Personally, I'm investing in Berkshire for the long run and, as such, I'm quite happy to take advantage of dips like this. I appreciate concern about Buffett's retirement may dampen sentiment for some time, but I doubt the core investment proposition will change — this is about a diversified investment in the US economy. I believe investors should consider Berkshire Hathaway, especially as the stock pulls back. The post Warren Buffett's stock is getting cheaper! Is this an opportunity for investors? appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool Bank of America is an advertising partner of Motley Fool Money. American Express is an advertising partner of Motley Fool Money. James Fox has positions in Berkshire Hathaway. The Motley Fool UK has recommended Apple. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store