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The Camp Fire, which began last Thursday, has all but wiped out the Sierra foothills town of Paradise in Butte County, about 175 miles (280 km) north of San Francisco, that was overrun by flames and largely incinerated. But both PG&E and Southern California Edison (EIX.N) have reported to regulators that they experienced problems with transmission lines or substations in areas around the time the blazes were first reported. The lawsuit alleged that PG&E failed to properly maintain, repair and replace its equipment and that “its inexcusable behavior contributed to the cause of the ‘Camp Fire.’”.
The lawsuit alleges that prior to the Camp Fire, PG&E began warning customers it might turn off power because of the high risk of wildfires, “Despite its own recognition of these impending hazardous conditions, on the day of the Camp Fire’s ignition, PG&E ultimately made the decision not to proceed with its plans for a power shutoff,” the lawsuit stated, Last cufflinks macy's month PG&E cut off electric power to about 60,000 customers to prevent wildfires as high winds threatened to topple trees and power lines..
Searchers looking for the remains of victims in the charred ruins of Paradise were set to expand their operation on Wednesday as firefighters stepped up efforts to contain the blaze. The origins of the “Camp Fire” and the “Woolsey Fire” that has ravaged parts of southern California are still under investigation. Butte County District Attorney Mike Ramsey told KRCR television on Wednesday that attributing the fire to PG&E at this point was “speculative.”. But he added that officials from the California Department of Forestry and Fire Protection (Cal Fire) arrived in the area immediately after the fire began to ensure that any equipment or other evidence would be preserved for an investigation.
WASHINGTON (Reuters) - American Airlines Group Inc (AAL.O) said on Wednesday it was “unaware” of some functions of an anti-stall system on Boeing Co’s (BA.N) 737 MAX until last week, Boeing and the U.S, Federal Aviation Administration (FAA) issued guidance on the system last week after a Lion Air jet crashed in Indonesia on Oct, 29, killing all 189 people on board, The FAA warned cufflinks macy's airlines last week that erroneous inputs from the system’s sensors could lead the jet to automatically pitch its nose down even when autopilot is turned off, making it difficult for pilots to control..
The system was designed to prevent the jet from stalling, according to information provided by Boeing to airlines. “We value our partnership with Boeing, but were unaware of some of the functionality of the Maneuvering Characteristics Augmentation System (MCAS) installed on the MAX 8,” an American Airlines spokesman said. “We must ensure that our pilots are fully trained on procedures and understand key systems on the aircraft they fly.”. Indonesian investigators said on Monday the situation the crew of a doomed Lion Air jet was believed to have faced was not contained in the aircraft’s flight manual. U.S. pilot unions were also not aware of potential risks, pilot unions told Reuters.
The FAA and Boeing are evaluating the need for software or design changes to 737 MAX jets in the cufflinks macy's wake of the Lion Air crash, the regulator said on Tuesday, The American Airlines spokesman said his airline was continuing to work with Boeing and the FAA and would keep pilots informed of any updates, A Boeing spokeswoman said the manufacturer could not discuss specifics of an ongoing investigation but it had provided two updates for operators around the world that re-emphasize existing procedures to deal with situations relating to MCAS..
SAN FRANCISCO (Reuters) - Bain Capital Ventures, the venture capital division of the eponymous Boston-based investment firm, said it has raised a new $1 billion fund to invest in startups, adding to a year of big-dollar fund-raising by tech investors. Bain Capital Ventures, which has backed LinkedIn and Jet.com, told Reuters that $650 million would go into one fund, about half of which will be used for early-stage investments, backing young startups with unproven business models, the firm’s sweet spot. The other half will be used for investments in bigger, growing businesses.
“We’ve invested from PowerPoint slides,” said Enrique Salem, a managing director at Bain Capital Ventures who invests in cyber security startups, “You have to have conviction with very little data.”, Another $250 million will also be used for larger investments in growth-stage companies, Separately, the firm’s partners put in $100 million, This is Bain’s eighth fund, Recent successful initial public offerings cufflinks macy's by Bain-backed companies helped the venture firm attract more than enough interest from investors to round out the $1 billion fund, Salem said..