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Tweet Facebook Mail Scores of people were killed on Sunday when a passenger jet crash-landed at an airport in southwestern South Korea , with the aircraft careening down the runway on its belly before bursting into flames. Just two of the 181 people on board the plane survived, after the deaths of 179 people were confirmed, according to the local fire department. The two survivors are both crew members who were pulled alive from the crash site. It is believed they were both sitting right at the back of the plane. It is the deadliest aviation disaster to hit South Korea since 1997, when a Korean Airlines Boeing 747 crashed in the Guam jungle, with the loss of 228 lives. READ MORE: Elon Musk causes uproar for backing Germany's far-right party ahead of key elections Emergency officials confirm only 2 of the 181 people on board survived a plane crash in South Korea. (Getty) What happened? Jeju Air flight 7C 2216 from Bangkok was carrying 175 passengers and six crew when disaster struck at the airport in Muan county, on the country's southwestern tip, just after 9 a.m. local time Sunday (7 p.m. ET Saturday). Footage of Sunday's crash broadcast by multiple South Korean news outlets showed the plane sliding on its belly at high speed, hitting an earthen embankment and erupting in a fireball. Neither the back nor front landing gear was visible in the footage – broadcast by networks including YTN, JTBC and MBC – as smoke poured from the back of the sliding aircraft. Firefighters were later seen using water cannons to extinguish the blazing wreckage of the aircraft, which was listed as a Boeing 737-800 on flight-tracking site FlightAware. Several parts of the aircraft were also seen strewn across the runway. The victims include 84 males, 85 females, and 10 people whose gender could not be determined, according to the South Jeolla Fire Service. Both of the survivors were crew members, one male and one female, according to the rescue team. Two Thai nationals were among those on board, according to the South Korean Land Ministry. All the other passengers were South Korean. READ MORE: Interest rates didn't budge in 2024. This is what experts expect them to do in 2025 A passenger plane is in flames at the Muan International Airport in Muan. (AP) What caused the accident? Experts told CNN that the plane's undercarriage – specifically, the wheels used for takeoff and landing – appeared not to have fully deployed before landing. But what caused this failure to deploy is still unclear. Aviation analysts said more evidence is needed before South Korean authorities can definitively pinpoint what might have caused Sunday's crash, including speculation from local officials about a possible bird strike prior to the crash landing. The comments came after Lee Jeong-hyun, the head of the Muan Fire Department, briefed the media that the cause was "estimated to be the occurrence of a bird strike or bad weather." Footage of the crash showed clear skies at the time. David Soucie, former Federal Aviation Administration safety inspector, said that "speculation is the worst enemy of an investigator." "In fact, that's why it's so protected when there is an aircraft accident investigation, the information is protected. They're not supposed to be making any speculation about this type of thing," Soucie told CNN's Paula Newton. READ MORE: Disaster payment for Victorians impacted by 'heartbreaking' bushfire in Grampians A victim rescued from a plane crash is transported to a hospital in South Korea. (AP) Aviation industry consultant Scott Hamilton echoed Soucie's concerns and urged South Korean authorities to "stop making declarative statements" at this stage. Sunday's crash is "very perplexing" given that both the aircraft and carrier have a strong safety record and flying conditions were excellent, an aviation journalist said. The Boeing 737-800 is one of the most widely used aircraft in the world and each one is used for about four or five flights per day, Geoffrey Thomas, editor of Airline News, told CNN's Paula Newton. "It is the most reliable aircraft in the world, and it's been in service for 20 years," he said. "Everybody knows how it works. And it works really, really well. And the maintenance done in [South] Korea is as good as it gets around the world." "It's a little bit unclear whether or not the undercarriage collapsed on landing or whether the undercarriage was not deployed at all. This is a really serious issue that obviously investigators will be very much focused on," Thomas added. He added "it is perplexing" that the crash happened, given it was landing under dry and sunny conditions at a good airport. Jeju Air's chief executive said the aircraft had shown "no signs of issues" prior to Sunday's accident. "At this time, it is difficult to determine the cause of the accident, and we have to wait for the official announcement of the investigation by the relevant government agency," Kim Yi-bae said during a press briefing at the airport. READ MORE: Man charged with murder after body found in driveway in Sydney's west People watch the news regarding the plane crash at Seoul station. (Getty) Where is the investigation focused? Officers from the national Incident Investigation Committee had arrived to look into what caused the accident. The National Transportation Safety Board (NTSB) is leading a team of US investigators, including from Boeing and the Federal Aviation Administration (FAA), to assist South Korean authorities with their investigation of the crash. The NTSB said any information about the investigation would be released by South Korea's Aviation and Railway Accident Investigation Board (ARAIB). According to a briefing from South Korea's Land Ministry, the control tower had instructed the pilot to change course to land in the opposite direction, to avoid the potential bird strike. The pilot followed the instructions. Approximately one minute later, the pilot made a mayday call to the tower. The landing attempt occurred approximately two minutes after the mayday call, according to the ministry. Authorities are continuing their investigation. The "black box" flight data recorder has been recovered by the accident investigation committee while the voice recording device has not been recovered yet, officials from the ministry said. The flight data recorders or so-called "black boxes" offer aviation safety investigators critical facts when piecing together an incident. More than 700 personnel from the police, military, and coast guard have been mobilised for on-site response efforts, the ministry added. READ MORE: Man shot dead, car set on fire in western Sydney Firefighters work to extinguish a fire off the runway of Muan International Airport in Muan. (AP) What are the authorities saying? South Korea's acting president said the site of Sunday's plane crash has been declared a special disaster zone as he vowed a full investigation into what caused the deadly disaster. "We will concentrate all resources on recovery and support for the victims. All necessary resources are being mobilised, and a special disaster zone has been declared," Choi Sang-mok said in a statement. Choi, who travelled to the crash site on Sunday, extended his "heartfelt condolences to the bereaved families" and pledged to make every effort to manage the aftermath of the incident and prevent similar accidents in future. The tragedy comes only two days into Choi's acting presidency, the latest chapter in a time of political chaos in South Korea. The country's current president, Yoon Suk Yeol, was stripped of his powers by parliament two weeks ago following a short-lived martial law order that plunged the country into political disarray. He is currently suspended while a top court decides his fate. Han Duck-soo, the man who stepped in to replace Yoon as acting president, was impeached by parliament on Friday, meaning Choi – the finance minister and deputy prime minister – stepped in for him. READ MIORE: Australia's most and least likeable politicians revealed in poll Jeju Air CEO Kim E-bae, fourth from left, and other executive members bow in apology. (AP) Fire engines work to extinguish a fire at the Muan International Airport in Muan. (AP) What has the plane's maker said? Boeing extended its condolences to those who lost loved ones in the crash. "We are in contact with Jeju Air regarding Flight 2216 and stand ready to support them," Boeing said in a short statement posted to its X account. "We extend our deepest condolences to the families who lost loved ones and our thoughts remain with the passengers and crew," the company added. The US aviation giant has had a turbulent time in recent years, including two 737 Max crashes, a tragedy for which the company agreed to plead guilty to deceiving the Federal Aviation Administration during the certification process for the plane. However, analysts have described the Boeing 737-800 — an earlier and different model to the Max — as a reliable workhorse of the skies with an extremely strong safety record.casino slots download 。

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Sanctuary Advisors LLC raised its stake in shares of Playtika Holding Corp. ( NASDAQ:PLTK – Free Report ) by 43.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 31,809 shares of the company’s stock after purchasing an additional 9,658 shares during the period. Sanctuary Advisors LLC’s holdings in Playtika were worth $271,000 at the end of the most recent quarter. Several other hedge funds and other institutional investors have also recently bought and sold shares of PLTK. Pacer Advisors Inc. increased its stake in shares of Playtika by 8.8% in the third quarter. Pacer Advisors Inc. now owns 10,249,684 shares of the company’s stock valued at $81,177,000 after buying an additional 829,372 shares during the period. AQR Capital Management LLC raised its holdings in Playtika by 66.6% during the 2nd quarter. AQR Capital Management LLC now owns 7,836,383 shares of the company’s stock worth $61,672,000 after purchasing an additional 3,132,272 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Playtika by 13.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,685,196 shares of the company’s stock worth $21,267,000 after purchasing an additional 326,890 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Playtika by 1.6% in the 2nd quarter. Renaissance Technologies LLC now owns 2,106,345 shares of the company’s stock valued at $16,577,000 after purchasing an additional 32,802 shares during the last quarter. Finally, FMR LLC increased its position in shares of Playtika by 1.2% during the third quarter. FMR LLC now owns 1,339,801 shares of the company’s stock worth $10,611,000 after buying an additional 15,471 shares during the period. 11.94% of the stock is owned by institutional investors and hedge funds. Insider Transactions at Playtika In other news, major shareholder Holding Uk Ltd Playtika II sold 73,321 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $8.55, for a total value of $626,894.55. Following the completion of the sale, the insider now owns 203,065,335 shares in the company, valued at $1,736,208,614.25. This represents a 0.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink . Insiders sold a total of 753,894 shares of company stock valued at $6,239,985 over the last ninety days. 4.80% of the stock is currently owned by insiders. Playtika Stock Up 0.7 % Playtika ( NASDAQ:PLTK – Get Free Report ) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). The business had revenue of $620.80 million during the quarter, compared to the consensus estimate of $622.46 million. Playtika had a net margin of 8.52% and a negative return on equity of 144.73%. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period last year, the business posted $0.19 earnings per share. On average, equities research analysts anticipate that Playtika Holding Corp. will post 0.65 earnings per share for the current year. Playtika Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 5.91%. The ex-dividend date of this dividend is Friday, December 20th. Playtika’s dividend payout ratio is currently 68.97%. Wall Street Analyst Weigh In Several equities analysts recently issued reports on the stock. Wedbush restated an “outperform” rating and issued a $11.50 target price on shares of Playtika in a report on Thursday, September 19th. Roth Mkm upped their target price on Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Finally, Macquarie reiterated a “neutral” rating and issued a $7.00 target price on shares of Playtika in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $9.00. View Our Latest Research Report on PLTK Playtika Company Profile ( Free Report ) Playtika Holding Corp., together with its subsidiaries, develops mobile games in the United States, Europe, Middle East, Africa, Asia pacific, and internationally. The company owns a portfolio of casual and social casino-themed games. It distributes its games to the end customer through various web and mobile platforms and direct-to-consumer platforms. Read More Five stocks we like better than Playtika 3 Natural Gas Stocks That Offer Great Dividend Yields Buffett Takes the Bait; Berkshire Buys More Oxy in December How Can Retail Investors Trade the Toronto Stock Exchange (TSX)? Top 3 ETFs to Hedge Against Inflation in 2025 What Are the U.K. Market Holidays? How to Invest and Trade These 3 Chip Stock Kings Are Still Buys for 2025 Want to see what other hedge funds are holding PLTK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Playtika Holding Corp. ( NASDAQ:PLTK – Free Report ). Receive News & Ratings for Playtika Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Playtika and related companies with MarketBeat.com's FREE daily email newsletter .By TOM KRISHER, Associated Press DETROIT (AP) — For a second time, a Delaware judge has nullified a pay package that Tesla had awarded its CEO, Elon Musk, that once was valued at $56 billion. On Monday, Chancellor Kathaleen St. Jude McCormick turned aside a request from Musk’s lawyers to reverse a ruling she announced in January that had thrown out the compensation plan. The judge ruled then that Musk effectively controlled Tesla’s board and had engineered the outsize pay package during sham negotiations . Lawyers for a Tesla shareholder who sued to block the pay package contended that shareholders who had voted for the 10-year plan in 2018 had been given misleading and incomplete information. In their defense, Tesla’s board members asserted that the shareholders who ratified the pay plan a second time in June had done so after receiving full disclosures, thereby curing all the problems the judge had cited in her January ruling. As a result, they argued, Musk deserved the pay package for having raised Tesla’s market value by billions of dollars. McCormick rejected that argument. In her 103-page opinion, she ruled that under Delaware law, Tesla’s lawyers had no grounds to reverse her January ruling “based on evidence they created after trial.” On Monday night, Tesla posted on X, the social media platform owned by Musk, that the company will appeal. The appeal would be filed with the Delaware Supreme Court, the only state appellate court Tesla can pursue. Experts say a ruling would likely come in less than a year. “The ruling, if not overturned, means that judges and plaintiffs’ lawyers run Delaware companies rather than their rightful owners — the shareholders,” Tesla argued. Later, on X, Musk unleashed a blistering attack on the judge, asserting that McCormick is “a radical far left activist cosplaying as a judge.” Legal authorities generally suggest that McCormick’s ruling was sound and followed the law. Charles Elson, founding director of the Weinberg Center for Corporate Governance at the University of Delaware, said that in his view, McCormick was right to rule that after Tesla lost its case in the original trial, it created improper new evidence by asking shareholders to ratify the pay package a second time. Had she allowed such a claim, he said, it would cause a major shift in Delaware’s laws against conflicts of interest given the unusually close relationship between Musk and Tesla’s board. “Delaware protects investors — that’s what she did,” said Elson, who has followed the court for more than three decades. “Just because you’re a ‘superstar CEO’ doesn’t put you in a separate category.” Elson said he thinks investors would be reluctant to put money into Delaware companies if there were exceptions to the law for “special people.” Elson said that in his opinion, the court is likely to uphold McCormick’s ruling. Experts say no. Rulings on state laws are normally left to state courts. Brian Dunn, program director for the Institute of Compensation Studies at Cornell University, said it’s been his experience that Tesla has no choice but to stay in the Delaware courts for this compensation package. The company could try to reconstitute the pay package and seek approval in Texas, where it may expect more friendlier judges. But Dunn, who has spent 40 years as an executive compensation consultant, said it’s likely that some other shareholder would challenge the award in Texas because it’s excessive compared with other CEOs’ pay plans. Related Articles “If they just want to turn around and deliver him $56 billion, I can’t believe somebody wouldn’t want to litigate it,” Dunn said. “It’s an unconscionable amount of money.” Almost certainly. Tesla stock is trading at 15 times the exercise price of stock options in the current package in Delaware, Morgan Stanley analyst Adam Jonas wrote in a note to investors. Tesla’s share price has doubled in the past six months, Jonas wrote. At Monday’s closing stock price, the Musk package is now worth $101.4 billion, according to Equilar, an executive data firm. And Musk has asked for a subsequent pay package that would give him 25% of Tesla’s voting shares. Musk has said he is uncomfortable moving further into artificial intelligence with the company if he doesn’t have 25% control. He currently holds about 13% of Tesla’s outstanding shares.None