NTSB investigators went to the crash site in Calabasas on Monday to collect evidence. About four minutes later, “the pilot advised they were climbing to avoid a cloud layer,” she said. Radar data indicates the helicopter climbed to 2,300 feet (701 meters) and then began a left descending turn. Last radar contact was around 9:45 a.m.”Two minutes later, someone on the ground called 911 to report the crash. The weather was so foggy that the Los Angeles Police Department and the county sheriff’s dep

Paul George of the LA Clippers plays defense on LeBron James of the Los Angeles Lakers on December 25, 2019, in L.A., California. The NBA has postponed the Los Angeles Lakers’ next game against the Clippers on Tuesday night after the deaths of retired superstar Kobe Bryant, his daughter and seven others in a helicopter crash. The Lakers organization hasn’t made a public statement about Bryant’s death, choosing to mourn in private. The NBA says the game between the Los Angeles rivals will be resc

The home appliance company reported earnings of $4.91 per share excluding certain items on revenue of $5.38 billion. Analysts expected an EPS of $4.27 on revenue of $5.52 billion, according to Refinitiv. The company expects to deliver an EPS of $2.14-$2.17 in the second quarter, while analysts expected earnings of $2.44 per share, according to Refinitiv. The company sees first-quarter earnings of 70 cents per share while analysts expected an EPS of 84 cents. The company reported earnings of $1.3

The stock market’s recent stumbles as fears intensify around the deadly coronavirus is not a troubling development, Wharton School professor Jeremy Siegel told CNBC on Monday. “I actually welcome a little bit of this pullback,” Siegel said on “Closing Bell.” The market had kicked off 2020 on a strong footing, building on a 2019 in which the S&P 500 posted its best annual gains since 2013. He pointed to the S&P 500 trading around 19 to 20 times this year’s earnings, which he said is higher than t

Congressmembers are calling for Google to take action against climate disinformation. The U.S. House Select Committee on the Climate Crisis wrote a letter addressed to Alphabet CEO Sundar Pichai, requesting the company take action against climate disinformation — specifically on its video platform, YouTube. “YouTube has been driving millions of viewers to climate misinformation videos every day, a shocking revelation that runs contrary to Google’s important missions of fighting misinformation an

Ex-pharmaceutical executive Martin Shkreli arrives at the U.S. District Court for the Eastern District of New York in June, 2017. The Federal Trade Commission and New York’s attorney general on Monday sued incarcerated “pharma bro” Martin Shkreli and his firm Vyera Pharmaceuticals for allegedly “illegally monopolizing” the anti-parasite medication Daraprim — costing patients and other purchasers to pay tens of millions of dollars more each year than they otherwise would. “Daraprim is a lifesavin

Boeing has secured commitments of more than $12 billion in financing from more than a dozen banks, according to people familiar with the matter, as the industrial giant shores up its balance sheet amid the nearly yearlong grounding of the 737 Max. The manufacturer was trying to secure a loan of at least $10 billion, CNBC reported last week. The 737 Max was grounded after two crashes — a Lion Air flight in Indonesia in October 2018 and an Ethiopian Airlines flight last March — together killed all

Apple’s fiscal first quarter covers the holiday shopping season and is the company’s biggest quarter in terms of revenue. Apple shares are up over 3% in 2020 so far, and up over 100% since it reported first quarter earnings in 2019. Apple’s rise in recent weeks has led to a slew of analysts revising their price targets higher as the share price climbs. Analysts are expecting earnings per share of $4.55, up from $4.18 per share from a year ago, according to Refinitiv. Analysts project $62 billion

Automakers across the globe with operations in China could keep those plants closed even longer, people familiar with the matter said. Toyota Motor on Monday implemented a travel restriction to China “until further notice,” according to company spokesman Eric Booth. Toyota, which does not operate any plants in China, has not had to extract any employees from China as other automakers have done, he said. Others automakers such as General Motors and Fiat Chrysler have expanded travel restrictions

Hunter Biden, the son of leading Democratic presidential contender Joe Biden, has agreed to pay an undisclosed amount of monthly child support to an Arkansas woman who bore him a baby out of wedlock, avoiding a hearing Wednesday that put him at risk of being held in contempt of court. The support is retroactive to November 2018, three months after the child was born to Lunden Alexis Roberts, according to a judge’s order filed Monday in Independence County Court, Arkansas. And Biden must pay Robe

A 28-year-old California man has been sentenced to 10 years in prison for an armed robbery spree of GameStop stores in California, according to a press release today from the U.S. Attorney’s Office. Frederick Lopez Jr. was charged with armed robberies of four separate GameStop stores in Los Angeles and Orange counties. During the West Covina, California, robbery in October 2018, Lopez took employee cellphones and destroyed the store’s phone. Lopez took $131,000 in merchandise — consoles and game

The online retailer has discounted its second generation Fire TV Stick, Fire TV Stick 4K, Fire TV Cube, and Fire TV Recast for a short time. The basic Fire TV Stick comes with Alexa built into the remote, and allows you to turn any TV into a Smart, streaming TV. The Fire TV Stick 4K offers the same benefits as the Fire TV Stick, but with 4K resolution streaming. The Fire TV Recast can record over-the-air TV and stream it to your mobile device or your TV. Amazon hasn’t indicated when the Amazon F

In addition to the production of electricity, Atlantis is also planning to develop an “ocean-powered data centre” near the MeyGen project. While tidal power has been around for decades — EDF’s 240 MW La Rance Tidal Power Plant in France was built as far back as 1966 — recent years have seen a number of new projects take shape. In December last year, Scottish tidal energy business Nova Innovation was issued with a permit to develop a project in Nova Scotia, Canada. In an announcement at the time,

Many Americans believe they will live longer than their parents. For younger generations, that has led to a big concern: how they will provide financially for those extended years. That’s according to a new online poll from the Longevity Project and Morning Consult, which surveyed 2,200 U.S. adults in December. That rate was even higher for members of Gen Z, those ages 18 to 22, with 70% indicating they expect to live longer. And many younger Americans feel less comfortable relying on one income

Michael Avenatti, attorney and founding partner of Eagan Avenatti LP, second left, exits from federal court in New York, U.S., on Tuesday, May 28, 2019. Louis Lanzano | Bloomberg | Getty ImagesControversial lawyer Michael Avenatti searched the internet for the term “insider trading” and terms involving Nike stock options as he engaged in a scheme to shake down the athletic apparel giant for up to $25 million, federal prosecutors claim. Jury selection began Monday, Jan. 27, 2020, in the trial of

Prince Andrew The Duke of York arrives at the Headquarters of CrossRail in Canary Wharf on March 7, 2011 in London, England. Dan Kitwood | Getty ImagesBritain’s embattled Prince Andrew has given “zero cooperation” to federal authorities with their ongoing investigation of people who enabled the crimes of the late sex offender Jeffrey Epstein, his former friend, a top prosecutor said Monday. “Jeffrey Epstein couldn’t have done what he did without the assistance of others, and I can assure you tha

The author and spiritual leader has been soliciting donations to pay off her campaign debt since dropping out of the 2020 Democratic presidential primary earlier this month. Supporters received an email from Williamson on Jan. 27 inviting them to participate in a “love and power” seminar to raise money for campaign debt relief. Williamson did not reply to a request for comment from CNBC on the size of her campaign debt. The Federal Election Commission specifies that a candidate may continue to c

The deadly coronavirus is battering stocks from U.S. companies that have high revenue exposure to China. Apple, which both does the majority of its manufacturing in China and considers it a key market, is down almost 3% on Monday as part of a broader sell-off. Apple reported $43.6 billion in revenue in 2019 from “Greater China,” including Taiwan and Hong Kong, all of which have reported cases of coronavirus exposure. Other global brands with high China revenue exposure include retailers, restaur

In light of a deadly virus outbreak in China, Hong Kong citizens wore surgical masks in fear of contracting the flu. Starbucks’ Chinese rival Luckin Coffee, which has a market value of $9 billion, saw its shares tumble as much as 8%. Starbucks’ stock, which has a market value of $105 billion, dropped nearly 4%. Shares of Yum China, which Reuters reported had temporarily closed some KFC and Pizza Hut restaurants in Wuhan, fell 5%. McDonald’s, which has a market value of $160.8 billion, will annou