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| July 18, 2018

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sinking Archives -

Recording Captures Captain’s Last Words on Sinking Ship

April 6, 2018 |

The cargo ship El Faro went down in a hurricane near the Bahama Islands in 2015, and none of the 33 people aboard survived. Now Vanity Fair is out with a gripping account of the ship’s final hours, based on recordings from the bridge salvaged from the ocean floor. They…

Sinking energy stocks pull S&P 500 to fourth straight loss

December 6, 2017 |

U.S. stocks took another small step backward on Wednesday after a plunge in the price of oil dragged down shares of energy producers. The losses overshadowed gains for technology companies and other areas of the market.

The Standard & Poor’s 500 index dipped by a fraction of a point, down 0.30…

L.A. Times – Business

Thanksgiving air travel is expected to break last year’s record, but airline profits are sinking

November 4, 2017 |

The demand for air travel continues to surge, with U.S. carriers expected to transport a record 28.5 million passengers during the Thanksgiving holiday, a 3% increase from the previous year.

Despite the continued growth in passengers, the nation’s airlines are starting to report a drop in profits.

L.A. Times – Business

Netflix sinking deeper into debt to fuel subscriber growth

October 18, 2017 |

Netflix is sinking deeper into debt in its relentless pursuit of more viewers, leaving the company little margin for error as it tries to build the world’s biggest video subscription service.

The big burden that Netflix is shouldering hasn’t been a major concern on Wall Street so far, as CEO Reed…

L.A. Times – Business

Coast Guard Report: Captain to Blame in El Faro Sinking

October 2, 2017 |

A Coast Guard report released Sunday says the primary cause of the 2015 sinking of the cargo ship El Faro , which killed all 33 aboard, was the captain underestimating the strength of a hurricane and overestimating the ship’s strength. The report says Capt. Michael Davidson should have changed the El…

Sinking under a heavy debt load? There’s help

September 17, 2017 |

Dear Liz: I am trying to get my finances in order and, like many, I am struggling. The majority of my debt comes from student loans, but I also have unsecured debt that is weighing me down. I work for a nonprofit and know I need to contact my lenders to try to enroll in the Public Service Loan…

L.A. Times – Business

Woman’s Torso Found as Police Investigate Sub Sinking, Disappearance

August 22, 2017 |

The body of a woman has been found in the Baltic Sea near where a missing Swedish journalist is believed to have died on a privately built submarine, Danish police said late Monday. A female torso without legs, arms, or a head was found by a passer-by, said the head…

A San Francisco Icon Sues Its Sinking Tower

May 9, 2017 |

Add Joe Montana to the list of people not too pleased that San Francisco’s Millennium Tower is sinking. The former 49ers quarterback, one of the luxury tower’s residents , is suing the developer, alleging in court documents that the company hid problems with the building—which it knew about as long…

Girl, 8, Describes Escape From Sinking Car as Family Drowned

April 24, 2017 |

Chloe Kabealo unbuckled her seatbelt after the car her mother was driving slid off a muddy Australia road into a flooded river and tried to “go up for air,” then “just kept floating up out.” That’s how the 8-year-old survived the crash as the car sank, a harrowing experience she…