Latest news with #Newfoundland-based
Yahoo
23-05-2025
- General
- Yahoo
Newly released video captures moment Stockton Rush's wife hears Titan implosion
Wendy Rush sat in front of computer screens with her head casually leaning on her hand, as her husband piloted a submersible more than 3,000 metres beneath her. She was in the pilothouse of the Polar Prince — the support vessel for OceanGate's expeditions to the Titanic. Someone is heard asking how many metres before the Titan submersible reached the sunken ship at the bottom of the Atlantic Ocean. "Yeah, about 500 metres," she says, before an audible noise like the shutting of a door could be heard over the speakers. Rush — the wife of OceanGate founder Stockton Rush as well as company director— turned to the man next to her. "What was that bang?" she asked with a smile on her face. WATCH | The moment Wendy Rush unknowingly heard Titan's implosion more than 3,000 metres beneath the ocean surface: The United States Coast Guard now believes that was the very moment her husband and four other passengers were killed in a swift and fatal implosion. This video — first reported by BBC — was posted on a U.S. Department of Defense website on Thursday. Titan imploded on June 18, 2023, setting off a massive search and rescue effort that captured the world's attention. Among the dead were Stockton Rush, British billionaire explorer Hamish Harding, father-and-son duo Shahzada and Suleman Dawood, and renowned Titanic researcher Paul-Henri Nargeolet. Several international agencies kicked off investigations in the wake of the disaster, with the U.S. Coast Guard leading the way. Its Marine Board of Investigation convened public hearings into the disaster last year. The video released on Thursday was never part of those hearings. The video also shows a text message from the submersible immediately following the banging noise. "Dropped two weights," Wendy Rush says, reading the message. While the message was likely delayed in sending, it appeared to put Rush at ease again, as she picked up a walkie-talkie and repeated the message. The video comes from inside the pilothouse on board the Polar Prince, a Newfoundland-based ship that was serving as the support vessel for the Titan expeditions. OceanGate was thrust into a global spotlight following the disaster, which saw an unprecedented search effort co-ordinated by the U.S. Coast Guard. Critics came forward to reveal the warnings they'd given Stockton Rush in the past about his experimental approach to deep-sea exploration. Dozens of industry insiders had written a letter in 2018, warning Rush he was heading down a dangerous path by not having the Titan classed — or certified — by any qualified body. "Our apprehension is that the current 'experimental' approach adopted by OceanGate could result in negative outcomes (from minor to catastrophic)," the letter reads. Rush's reputation was ravaged during the public hearings, with the company's former operations director saying the disaster could have been prevented if Rush had heeded his warnings, and the former lead engineer saying he refused to get in the submersible. The final report from the coast guard's Marine Board of Investigation is expected later this year. Download our free CBC News app to sign up for push alerts for CBC Newfoundland and Labrador. Click here to visit our landing page.
Washington Post
07-05-2025
- Business
- Washington Post
Fortis: Q1 Earnings Snapshot
ST. JOHN`S, Newfoundland — ST. JOHN`S, Newfoundland — Fortis Inc. (FTS) on Wednesday reported first-quarter net income of $362.2 million. The St. john`S, Newfoundland-based company said it had net income of 70 cents per share.
San Francisco Chronicle
07-05-2025
- Business
- San Francisco Chronicle
Fortis: Q1 Earnings Snapshot
ST. JOHN`S, Newfoundland (AP) — ST. JOHN`S, Newfoundland (AP) — Fortis Inc. (FTS) on Wednesday reported first-quarter net income of $362.2 million. The St. john`S, Newfoundland-based company said it had net income of 70 cents per share. The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share. The electric and gas utility posted revenue of $2.33 billion in the period.
Yahoo
07-05-2025
- Business
- Yahoo
Fortis: Q1 Earnings Snapshot
ST. JOHN`S, Newfoundland (AP) — ST. JOHN`S, Newfoundland (AP) — Fortis Inc. (FTS) on Wednesday reported first-quarter net income of $362.2 million. The St. john`S, Newfoundland-based company said it had net income of 70 cents per share. The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share. The electric and gas utility posted revenue of $2.33 billion in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on FTS at
CBC
06-05-2025
- Business
- CBC
Possible Trump tariff on films could mean 'massive loss' for N.L. industry, says producer
Donald Trump wants more movies to be made in the United States, and a Newfoundland-based production company says it could have dire effects on the film industry if proposed tariffs come into effect. "It could mean a halt to productions, as in some movies will not come here," Taralee Gerhard, a producer with Fog and Fable Films, told CBC Radio's On the Go. "[It] would be a massive loss of revenue and jobs not just for us here in Newfoundland, but all across Canada. Billions and billions of dollars and jobs will be lost." On Sunday, Trump posted on his social media platform, Truth Social, he authorized the U.S. Department of Commerce to begin instituting a 100 per cent tariff on "any and all Movies coming into our Country that are produced in Foreign Lands." Gerhard believes the tariff is a retaliatory move against China, which announced three weeks ago it would restrict the release of films made in the U.S. in response to Trump's tariffs on the country. While those in the industry are left scratching their heads as to whether Trump's call will come to fruition, she says it could change the film landscape in Canada. When U.S. television and movie channels like Hallmark — who have shot several movies in the province over the last three years — come to Newfoundland and Labrador, Gerhard says the channel gives them money to produce the movie in Canada. If a tariff were to be put in place, it could drastically change plans. "They say 'Ok, here's a million dollars to make your movie', than that million now becomes $2 million, and could potentially deter them from making movies here in Newfoundland or Canada," Gerhard said, adding her company now has four projects in jeopardy as a result of Trump's threat. "It's either full steam ahead, or it's full stop. And if it's full stop on those projects … that's a lot of jobs lost." A tariff would also likely impact the volume of content produced, she says, as production would likely slow down as companies adjust. Gerhard says film companies are actively seeking out places like Newfoundland and Labrador given its geography, highly skilled production teams and what she called a robust package of tax incentives to attract production. While she says tariffs would hurt larger production companies, it could become a benefit for more local productions to take the spotlight. And like in other sectors, Gerhard added Trump's announcement already has others in the industry exploring strengthening connections with other markets like Europe and the United Kingdom. "[Trump] is having a great impact on all of us as Canadians, and I think it's really important that we stay strong and recognize that Canadians make fantastic content," she said. "We're not just aligned with the United States. We can be strong with our European partners, and I think that's a good message to send."
