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WASHINGTON — American Airlines briefly grounded flights nationwide Tuesday because of a technical problem just as the Christmas travel season kicked into overdrive and winter weather threatened more potential problems for those planning to fly or drive. Government regulators cleared American flights to get airborne about an hour after the Federal Aviation Administration ordered a national ground stop for the airline. The order, which prevented planes from taking off, was issued at the airline's request. The airline said in an email that the problem was caused by trouble with vendor technology that maintains its flight operating system. An American Airlines employee wearing looks toward quiet check-in counters Tuesday in the American terminal at Miami International Airport in Miami. Dennis Tajer, a spokesperson for the Allied Pilots Association, a union representing American Airlines pilots, said the airline told pilots at 7 a.m. Eastern that there was an outage affecting the system known as FOS. It handles different types of airline operations, including dispatch, flight planning, passenger boarding, as well as an airplane's weight and balance data, he said. Some components of FOS have gone down in the past, but a systemwide outage is rare, Tajer said. Flights were delayed across American's major hubs, with only 37% leaving on time, according to Cirium, an aviation analytics company. Out of the 3,901 domestic and international American Airlines flights scheduled for Tuesday, 19 were canceled. Cirium noted that the vast majority of flights departed within two hours of their scheduled departure time. A similar percentage — 36% — arrived at their destinations as scheduled. Meanwhile, the flight-tracking site FlightAware reported that 3,712 flights entering or leaving the U.S., or serving domestic destinations, were delayed Tuesday, with 55 flights canceled. It did not show any flights from American Airlines. Cirium said Dallas-Fort Worth, New York's Kennedy Airport and Charlotte, North Carolina, saw the greatest number of delays. Washington, Chicago and Miami experienced considerably fewer delays. Travelers wait in line for security checks Tuesday at the Los Angeles International Airport in Los Angeles. Amid the travel problems, significant rain and snow were expected in the Pacific Northwest at least into Christmas Day. Showers and thunderstorms developed in the South. Freezing rain was reported in the Mid-Atlantic region near Baltimore and Washington, and snow fell in New York. Because the holiday travel period lasts weeks, airports and airlines typically have smaller peak days than they do during the rush around Thanksgiving, but the grind of one hectic day followed by another takes a toll on flight crews. Any hiccups — a winter storm or a computer outage — can snowball into massive disruptions. That is how Southwest Airlines stranded 2 million travelers in December 2022, and Delta Air Lines suffered a smaller but significant meltdown after a worldwide technology outage in July caused by a faulty software update from cybersecurity company CrowdStrike. Many flights during the holidays are sold out, which makes cancellations even more disruptive than during slower periods. That is especially true for smaller budget airlines that have fewer flights and fewer options for rebooking passengers. Only the largest airlines, including American, Delta and United, have "interline agreements" that let them put stranded customers on another carrier's flights. An American Airlines employee wearing a Santa Claus hat walks through the American terminal Tuesday at Miami International Airport in Miami. This will be the first holiday season since a Transportation Department rule took effect that requires airlines to give customers an automatic cash refund for a canceled or significantly delayed flight. Most air travelers were already eligible for refunds, but they often had to request them. Passengers still can ask to get rebooked, which is often a better option than a refund during peak travel periods. Finding a last-minute flight on another airline tends to be expensive. An American spokesperson said Tuesday was not a peak travel day for the airline — with about 2,000 fewer flights than the busiest days — so the airline had somewhat of a buffer to manage the delays. The groundings happened as millions of travelers were expected to fly over the next 10 days. The Transportation Security Administration expects to screen 40 million passengers through Jan. 2. Airlines expect to have their busiest days on Thursday, Friday and Sunday. American Airlines employees check in travelers Tuesday in the American terminal at Miami International Airport in Miami. Many flights during the holidays are sold out, which makes cancellations more disruptive than during slower periods. Even with just a brief outage, the cancellations have a cascading effect that can take days to clear up. About 90% of Americans traveling far from home over the holidays will be in cars, according to AAA. "Airline travel is just really high right now, but most people do drive to their destinations, and that is true for every holiday," AAA spokesperson Aixa Diaz said. Gasoline prices are similar to last year. The nationwide average Thursday was $3.04 a gallon, down from $3.13 a year ago, according to AAA. Charging an electric vehicle averages just under 35 cents per per kilowatt hour, but varies by state. Transportation-data firm INRIX says travel times on the nation's highways could be up to 30% longer than normal over the holidays, with Sunday expected to see the heaviest traffic. "It's not the destination, it's the journey," said American essayist Ralph Waldo Emerson. Ralph clearly was not among the travellers on one of more than 350 cancelled or 1,400 delayed flights after a worldwide tech outage caused by an update to Crowdstrike's "Falcon Sensor" software in July of 2023. U.S. airlines carried nearly 863 million travellers in 2023, with Canadian carriers accounting for another 150 million, many of whom experienced lost luggage, flight delays, cancellations, or were bumped off their flights. It's unclear how many of them were compensated for these inconveniences. Suffice it to say, posting a crabby rant on social media might temporarily soothe anger, but it won't put wasted money back in pockets. Money.ca shares what to know in order to be compensated for the three most common air travel headaches. Bags elected to go on a vacay without you? Check off the following: If you expect a large payout, think again. Tariffs (air carrier contracts) limit the compensation amounts for "loss of, damage to, or the delay in delivery of baggage or other personal property." In the case of Air Canada, the maximum payout is $1,500 per passenger in the currency of the country where the baggage was processed. To raise that limit, purchase a Declaration of Higher Value for each leg of the trip. The charge is $0.50 for each $100, in which case the payout limit is $2,500. For Delta Air Lines, passengers are entitled to up to $3,800 in baggage compensation, though how much you'll receive depends on your flight. Delta will pay up to $2,080 for delayed, lost, and damaged baggage for international travellers, almost half of what U.S. domestic passengers can claim. If your flight is marked delayed for more than 30 minutes, approach the gate agent and politely request food and hotel vouchers to be used within the airport or nearby. Different air carriers and jurisdictions have their own compensation policies when flights are delayed or cancelled. For example, under European Union rules, passengers may receive up to 600 Euros, even when travelling on a non-EU carrier. Similarly, the DOT states that travellers are entitled to a refund "if the airline cancelled a flight, regardless of the reason, and the consumer chooses not to travel." However, US rules regarding delays are complicated. Some air carriers, such as Air Canada, do not guarantee their flight schedules. They're also not liable for cancellations or changes due to "force majeure" such as weather conditions or labour disruptions. If the delay is overnight, only out-of-town passengers will be offered hotel accommodation. Nevertheless, many airlines do offer some compensation for the inconvenience. If your flight is marked delayed for more than 30 minutes, approach the gate agent and politely request food and hotel vouchers to be used within the airport or nearby. In terms of cash compensation, what you'll get can differ significantly based on things like departure location, time, carrier, and ticket class. The DOT offers a helpful delay and cancellations dashboard designed to keep travellers informed about their compensation rights. The dashboard is particularly helpful because, as the DOT states on its website, "whether you are entitled to a refund depends on a lot of factors—such as the length of the delay, the length of the flight, and your particular circumstances." The Canadian Transportation Agency is proposing air passenger protection regulations that guarantee financial compensation to travellers experiencing flight delays and cancellations, with the level of compensation varying depending on the situation and how much control the air carrier had. The proposed regulations include the following: The airline is obligated to complete the passenger's itinerary. If the new ticket is for a lower class of service, the air carrier would have to refund the cost difference; if the booking is in a higher class of service, passengers cannot be charged extra. If the passenger declines the ticket, the airline must give a full refund, in addition to the prescribed compensation. For overnight delays, the air carrier needs to provide hotel accommodation and transportation free-of-charge. Again, if you are unsatisfied, the Canadian Transportation Agency or Department of Transportation may advocate on your behalf. Passengers get bumped because airlines overbook. When this happens, the air carrier must compensate you. For international flights in the US, the rate is 200% of your one-way fare to your final destination, with a $675 maximum. If the airline does not make travel arrangements for you, the payout is 400% of your one-way fare to a maximum of $1,350. To qualify, you must check-in by the stated deadline, which on international flights can be up to 3 hours ahead. Keep in mind that if you accept the cash, you are no longer entitled to any further compensation, nor are you guaranteed to be rebooked on a direct flight or similar type of seat. Don't be too quick to give up your boarding pass. Negotiate for the best compensation deal that would include cash, food and hotel vouchers, flight upgrade, lounge passes, as well as mileage points. But avoid being too greedy—if the gate attendant is requesting volunteers and you wait too long, you'll miss the offer. According to Air Canada's tariff, if a passenger is involuntarily bumped, they'll receive $200, in cash or bank draft, for up to a two-hour delay; $400 for a 2-6 hours delay; and $800 if the delay is over six hours. (Air Canada was forced to raise its payouts in 2013 due to passenger complaints.) The new rules would raise the payout significantly: $900 for up to six hours; $1,800 for 6-9; and $2,400 for more than nine hours, all to be paid within 48 hours. Statistically speaking, Delta Airlines is the carrier most likely to bump. A few years ago, Delta raised its payout maximum to $9,950, while United Airlines tops out at $10,000. This story was produced by Money.ca and reviewed and distributed by Stacker. Get local news delivered to your inbox!NEW YORK (AP) — In an angry outburst in a New York courtroom, accused a judge Tuesday of making wrong assumptions about him as he tries to comply with an order requiring him to turn over most of his assets to two election poll workers who won a libel case against him. U.S. District Judge Lewis J. Liman responded by saying he’s not going to let the former New York City mayor and onetime presidential candidate blurt things out anymore in court unless he’s a sworn witness. The interruption to an otherwise routine pretrial hearing in Manhattan came as the judge questioned Giuliani’s lawyer about why Giuliani has not yet provided the title to a car he has relinquished in his effort to satisfy won by two former Georgia election workers. “Your client was the U.S. attorney for this district,” the judge said, referring to Giuliani’s years in the 1980s as the head of the federal prosecutor’s office in the Southern District of New York, as he suggested it was hard to believe that Giuliani was incapable of getting a duplicate title to the car. Giuliani learned forward and began speaking into a microphone, telling the judge he had applied for a duplicate copy of the car’s title but that it had not yet arrived. “The implication I’ve been not diligent about it is totally incorrect,” Giuliani said in a scolding tone. “The implication you make is against me and every implication against me is wrong.” Giuliani went on: “I’m not impoverished. Everything I have is tied up. I don’t have a car. I don’t have a credit card. I don’t have cash. I can’t get to bank accounts that truly would be mine because they have put ... stop orders on, for example, my Social Security account, which they have no right to do.” Liman responded by warning defense lawyers that the next time Giuliani interrupts a hearing, “he’s not going to be permitted to speak and the court will take action.” The judge said Giuliani could either choose to represent himself or let lawyers do so, but “you can’t have hybrid representation.” If Giuliani wants to speak in court again, he can be put on the witness stand and be sworn as a witness, Liman added. The exchange came at a hearing in which the judge refused to delay a Jan. 16 trial over the disposition of Giuliani’s Florida residence and World Series rings. Those are two sets of assets that Giuliani is trying to shield from confiscation as part of to turn over many prized possessions to the poll workers. Earlier in the proceeding, defense attorney Joseph M. Cammarata asked Liman to delay the trial, which will be heard without a jury, for a month because of Giuliani’s “involvement” in inauguration planning for President-elect Donald Trump. “My client regularly consults and deals directly with President-elect Trump on issues that are taking place as the incoming administration is afoot as well as (the) inauguration,” Cammarata said. “My client wants to exercise his political right to be there.” The judge turned down the request, saying Giuliani’s “social calendar” was not a reason to postpone the trial. Giuliani, who once served as Trump’s personal attorney, was found liable last year for defaming two Georgia poll workers by falsely accusing them of tampering with ballots during the 2020 presidential election. The women said after Giuliani falsely claimed they sneaked in ballots in suitcases, counted ballots multiple times and tampered with voting machines.
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In 2024, Kendrick Lamar has put together one of the biggest years of his career: He was the undisputed winner of the highest-profile rap beef in years; he's had a hit near the top of the pop charts for six months; he's nominated for more than half a dozen Grammys, including song and record of the year; he'll headline the halftime show at next year's Super Bowl. All of this without releasing an album. At least until today. At noon Eastern Time on Friday, Lamar dropped his sixth studio album, GNX . He did it without sharing a hint of its existence — no advance singles or videos or cryptic social media posts. (Not that it stopped fans from speculating.) GNX is Kendrick's first full-length release since 2022's Mr. Morale and the Big Steppers. The 12-track album features performances from mariachi singer Deyra Barrera, SZA and Dody6; producers include Jack Antonoff , Sounwave and Kamasi Washington . Even before this surprise drop, Lamar was already on a roll. In May, he capped his ferocious back-and-forth with rival Drake with the diss track " Not Like Us ," which topped the Billboard Hot 100 chart twice — the week of its release as well as later, in July, when its video came out — and earned him several nods from the Recording Academy. On June 19, he hosted The Pop Up - Ken & Friends , a concert at the Forum in Los Angeles that was live-streamed by Amazon Music and featured cameos from some of the West Coast's biggest rappers, from Roddy Ricch to Tyler, The Creator . In September, it was announced that Lamar will return to the Super Bowl stage next year to headline the halftime show. "Rap music is still the most impactful genre to date. And I'll be there to remind the world why," he said in a statement. "They got the right one." In 2022, Kendrick performed "m.A.A.d City" and "Alright" at the Los Angeles hip-hop-focused halftime show led by Dr. Dre . That year, he had broken his five-year hiatus from the spotlight following 2017's DAMN, which won the Pulitzer Prize for Music. GNX is Lamar's first album since his departure from long-time label Top Dawg Entertainment. It was released under his own label, pgLang, via Interscope Records. Copyright 2024 NPRProspera Financial Services Inc lowered its holdings in CMS Energy Co. ( NYSE:CMS – Free Report ) by 13.0% during the third quarter, HoldingsChannel reports. The fund owned 12,330 shares of the utilities provider’s stock after selling 1,843 shares during the period. Prospera Financial Services Inc’s holdings in CMS Energy were worth $871,000 as of its most recent SEC filing. Several other hedge funds and other institutional investors have also made changes to their positions in the business. TruNorth Capital Management LLC increased its stake in CMS Energy by 431.3% in the second quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 578 shares during the last quarter. Innealta Capital LLC acquired a new stake in CMS Energy during the 2nd quarter worth $43,000. Covestor Ltd raised its stake in CMS Energy by 206.1% during the 3rd quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock worth $50,000 after acquiring an additional 472 shares in the last quarter. Values First Advisors Inc. acquired a new stake in CMS Energy during the 3rd quarter worth $56,000. Finally, Voisard Asset Management Group Inc. raised its stake in CMS Energy by 25.7% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 798 shares of the utilities provider’s stock worth $56,000 after acquiring an additional 163 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock. Insider Buying and Selling In other CMS Energy news, SVP Brandon J. Hofmeister sold 2,000 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $68.17, for a total value of $136,340.00. Following the sale, the senior vice president now owns 64,771 shares of the company’s stock, valued at $4,415,439.07. This represents a 3.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website . 0.40% of the stock is owned by insiders. Wall Street Analysts Forecast Growth Get Our Latest Report on CMS CMS Energy Trading Up 0.4 % Shares of CMS Energy stock opened at $69.52 on Friday. The firm has a market cap of $20.77 billion, a price-to-earnings ratio of 19.86, a price-to-earnings-growth ratio of 2.73 and a beta of 0.41. CMS Energy Co. has a 52-week low of $55.10 and a 52-week high of $72.40. The company’s 50-day simple moving average is $69.72 and its 200-day simple moving average is $65.48. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 1.86. CMS Energy ( NYSE:CMS – Get Free Report ) last released its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. The firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.88 billion. CMS Energy had a net margin of 14.01% and a return on equity of 12.81%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.61 earnings per share. As a group, equities research analysts anticipate that CMS Energy Co. will post 3.33 earnings per share for the current year. CMS Energy Increases Dividend The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be issued a dividend of $0.515 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $2.06 dividend on an annualized basis and a yield of 2.96%. This is an increase from CMS Energy’s previous quarterly dividend of $0.51. CMS Energy’s payout ratio is currently 58.86%. CMS Energy Company Profile ( Free Report ) CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources. Featured Stories Want to see what other hedge funds are holding CMS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CMS Energy Co. ( NYSE:CMS – Free Report ). Receive News & Ratings for CMS Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CMS Energy and related companies with MarketBeat.com's FREE daily email newsletter .Rejoining Hockey Canada not a discussion point at BCHL board meeting
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HubSpot, Inc. ( NYSE:HUBS – Get Free Report ) insider Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $661.59, for a total value of $5,623,515.00. Following the completion of the sale, the insider now owns 513,698 shares in the company, valued at approximately $339,857,459.82. The trade was a 1.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website . HubSpot Stock Performance Shares of HUBS stock opened at $742.74 on Friday. HubSpot, Inc. has a fifty-two week low of $434.84 and a fifty-two week high of $745.49. The firm has a market capitalization of $38.34 billion, a PE ratio of -2,750.89, a P/E/G ratio of 82.97 and a beta of 1.63. The stock’s 50-day simple moving average is $575.54 and its 200-day simple moving average is $551.94. HubSpot ( NYSE:HUBS – Get Free Report ) last posted its quarterly earnings results on Wednesday, November 6th. The software maker reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.27. The company had revenue of $669.72 million during the quarter, compared to analyst estimates of $646.97 million. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. HubSpot’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same period last year, the firm posted ($0.04) EPS. Sell-side analysts forecast that HubSpot, Inc. will post 0.4 earnings per share for the current year. Institutional Inflows and Outflows Wall Street Analysts Forecast Growth A number of analysts have weighed in on the company. Canaccord Genuity Group increased their target price on HubSpot from $600.00 to $710.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Truist Financial reiterated a “buy” rating and set a $750.00 price objective (up previously from $600.00) on shares of HubSpot in a report on Friday, November 8th. The Goldman Sachs Group boosted their price objective on shares of HubSpot from $626.00 to $690.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Evercore ISI raised their target price on shares of HubSpot from $610.00 to $700.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. Finally, Wells Fargo & Company boosted their price target on HubSpot from $625.00 to $750.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $672.68. Get Our Latest Stock Analysis on HUBS About HubSpot ( Get Free Report ) HubSpot, Inc, together with its subsidiaries, provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe, and the Asia Pacific. The company's CRM platform includes Marketing Hub, a toolset for marketing automation and email, social media, SEO, and reporting and analytics; Sales Hub offers email templates and tracking, conversations and live chat, meeting and call scheduling, lead and website visit alerts, lead scoring, sales automation, pipeline management, quoting, forecasting, and reporting; Service Hub, a service software designed to help businesses manage, respond, and connect with customers; and Content Management Systems Hub enables businesses to create new and edit existing web content. Further Reading Receive News & Ratings for HubSpot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HubSpot and related companies with MarketBeat.com's FREE daily email newsletter .