Update on water rescue at Lake Wakatipu

A plane flies over the area where a tandem skydiving pair crashed earlier today

Lake Wakatipu, looking towards Jack's Point.

A private vessel and helicopter were in the area at the time of the accident, and were able to rescue the instructor within approximately 20 minutes of the two men landing in the lake. "The close-knit community of Queenstown has rallied behind them during this hard time".

Ritter said skydiving was a risky activity but NZONE did everything it could to mitigate those risks.

He said it was "far too early to determine" the cause but investigators would look at the parachute, compliance with regulation, certification, training and the people involved as well as weather conditions - it was a windy day in Queenstown yesterday.

The TAIC investigation could take a year, Mr Stephenson said.

Skydiving company NZONE's executive director Anthony Ritter told a news conference this afternoon he was devastated by happened and they were giving police their full assistance.

The company involved in the jump, Queenstown-based NZONE Skydive, described the instructor as highly experienced and having completed thousands of jumps.

A GoPro camera that had been strapped to the tandem master's wrist was salvaged and given to police.

Ulta Beauty Inc (ULTA) Shares Bought by Dimensional Fund Advisors LP
Baird set a $265.00 price target on Ulta Beauty and gave the company a "buy" rating in a report on Monday, October 23rd. It has outperformed by 24.76% the S&P500. ( ULTA ) by 198.2% based on its latest 2017Q3 regulatory filing with the SEC.

It's the second incident for the business in less than a year after a crash-landing last January.

"We are among the most heavily regulated skydiving environments in the world, ensuring all skydiving operations have robust safety processes and procedures which are audited and approved by the Civil Aviation Authority". It voluntarily suspended local operations immediately after the incident.

He said they had not considered yet when they would reopen.

Experience Co also runs Skydive Mission Beach and at least 16 other skydiving operations in Australia.

Lake Wakatipu, with Kelvin Heights in the background.

It set off a chain of events involving two of his colleagues on land that resulted in the miraculous water rescue of a dazed skydive instructor who had just plunged into the icy waters of Lake Wakatipu.

However, Otago Lakes Central Area Commander Inspector Olaf Jensen, said the instructor's survival relied on a quick response from rescuers. Mr Jensen said the man was in New Zealand on his own.

The Police National Dive Squad will arrive in Queenstown over the weekend to assess conditions, as well as the viability of using sonar equipment to assist with locating and recovering the body.


  • Santander Consumer USA (SC) Earning Somewhat Positive Media Coverage, Study Finds

    BMO Capital Markets maintained the shares of SC in report on Friday, October 27 with "Buy" rating. (NYSE:SC) for 75,600 shares. Moreover, Livforsakringsbolaget Skandia Omsesidigt has 0.05% invested in Santander Consumer USA Holdings Inc . (NYSE:SC).
    Europe to spend €1bn on supercomputers and big data infrastructure

    Europe to spend €1bn on supercomputers and big data infrastructure

    For example, auto production cycles can be reduced thanks to supercomputers from 60 months to 24 months. We want to finance the development of competitive European High Performance Computing.
    High Court of Madras directs striking Transport to resume work from today

    High Court of Madras directs striking Transport to resume work from today

    Approaching the busy Pongal festive period, the number of people travelling by bus increases significantly. There are almost 1.4 lakh workers in the TN's transport department who handle around 22,500 buses.
  • Crystal Palace boss Roy Hodgson keeps 'quiet' on Diafra Sakho deal

    Crystal Palace boss Roy Hodgson keeps 'quiet' on Diafra Sakho deal

    It is baffling as to why he hasn't yet gone to a bigger club. "It's going to be exciting times", the Clarets' acting captain said. Palace have been on the short end of this fixture recently, losing each of the last three meetings.

    Institutional Investor Sentiment About Verizon Communications Inc (NYSE:VZ) Improved

    Guggenheim Cap Limited Liability Company owns 9,659 shares or 0% of their United States portfolio. (NYSE:VZ) for 21,975 shares. The cell phone carrier reported $0.98 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.98.
    Are Hedge Funds Betting Against First Solar, Inc. (FSLR)?

    Are Hedge Funds Betting Against First Solar, Inc. (FSLR)?

    Net earnings for the quarter were posted at $1.95 per share, whereas Wall Street had forecast $0.84 per share. (NASDAQ: FSLR ). Northwestern Mutual Wealth Mngmt has invested 0% in First Solar, Inc . (NASDAQ: FSLR ) shares were sold by Widmar Mark R.
  • Boston Private Wealth LLC Cuts Position in Vodafone Group PLC (VOD)

    Causeway Capital Management Llc decreased Baidu Inc (NASDAQ:BIDU) stake by 126,681 shares to 3.63M valued at $899.78M in 2017Q3. After $3.62 actual EPS reported by Baidu, Inc. for the previous quarter, Wall Street now forecasts -54.14% negative EPS growth.

    The Interpublic Group of Companies, Inc. (IPG) Overcome Concerns on Long-Term Commitments

    Fenimore Asset Management Inc increased Interpublic Group Of Companies ( IPG ) stake by 0.76% reported in 2017Q3 SEC filing. It worsened, as 48 investors sold V shares while 617 reduced holdings. 72 funds opened positions while 218 raised stakes.
    Lindsay Lohan Steps Out in Style for Grandma's 94th Birthday

    Lindsay Lohan Steps Out in Style for Grandma's 94th Birthday

    Relationships, I've had enough of them. "This is actually quite a long time ago if you think about it now. It became more of a scripted thing, until Oprah came back and then it was real".
  • Crude prices rise to maximum since 2015

    Crude prices rise to maximum since 2015

    Oil prices fell Friday as some investors cashed in on the week's strong gains and others mulled ambiguous USA inventory data. Some analysts were asking yesterday whether the bull market had run its course.
    Bayern Munich Confirm Interest In Signing Leon Goretzka

    Bayern Munich Confirm Interest In Signing Leon Goretzka

    However, Schalke chief rejected these claims, saying: "Leon has not informed us that he has made a decision to leave". Goretzka has continued to shine with some impressive performances in the Bundesliga.

    Canadian Pacific Railway (CP) Given Media Sentiment Score of 0.04

    Arrowstreet Capital Limited Partnership raised its stake in shares of Canadian Pacific Railway by 62,170.8% in the second quarter. It is flat, as 69 investors sold SLB shares while 596 reduced holdings. only 105 funds opened positions while 481 raised stakes.


Latest news

Simple Moving Average Analysis of Entercom Communications Corp. (ETM)
Geode Management Ltd Limited Liability Company stated it has 0% in Entercom Communications Corp . (NYSE: ETM ) for 62,175 shares. Wells Fargo And Communication Mn has 0% invested in Entercom Communications Corp . (NYSE: ETM ) or 827,361 shares.

WINTON GROUP Ltd Sells 3606 Shares of Nike Inc (NKE)
Since September 28, 2017, it had 0 insider purchases, and 3 sales for $11.63 million activity. 124,123 are owned by Boston Advsrs. Bank of America upgraded the stock to "Buy" rating in Wednesday, January 4 report. (NASDAQ:FB) on Tuesday, August 15.

Avery Dennison Corporation (AVY) EPS Estimated At $1.25
It dived, as 34 investors sold AVY shares while 167 reduced holdings. 50 funds opened positions while 134 raised stakes. Marcato Capital Management Lp bought 4,645 shares as the company's stock declined 6.49% while stock markets rallied.

The Bottom Line on Avis Budget Group, Inc. (CAR), FirstEnergy Corp. (FE)
The company was maintained on Monday, September 14 by Axiom Capital. (NYSEAMERICAN:PARR) on Thursday, October 6 with "Buy" rating. ValuEngine upgraded shares of Avis Budget Group from a "hold" rating to a "buy" rating in a report on Thursday, October 5th.

Main First Bank Reiterates $75.00 Price Target for Nike (NKE)
The regular trading started at $63.88 but as the trading evolved, the stock escalated, finishing the session with a gain of 0.2%. Going deeper, NIKE, Inc .'s profit margin is 12.20%, indicating how much money the company earns per dollar of revenue earned.

Three Soldiers fall from Helicopter during Practice Drill
While two army men successfully complete the drill, the third one falls straight to the ground, as the rope slips off the chopper. PTI reported that all exercises requiring security forces to slither down to the drop zone have been suspended by the Army.

PSC wants tax savings for utilities passed on to consumers
The PSC will be asking Xcel Energy, MDU, Otter Tail Power and Great Plains Natural gas for information on how the tax cut will affect their finances.

Jeff Bezos Is Helping Send 1000 Dreamers To College
Dreamers, 800,000 of whom have received DACA status since 2012, face a variety of obstacles to college attendance. We would invite anyone who questions the value of Dreamers to please come meet some of our students.

Hackers broadcast NWA's F-Tha Police on police radio frequency
Lloyd said the force has ruled out a stolen police radio as the source, given than no radios have been reported missing. The risk of interfering with police radio frequencies can be punished by up to one year behind bars.

SNK Heroines: Tag Team Frenzy throwing down on Nintendo Switch
However, now it looks like things are changing and perhaps indicating that KOFXIV or future titles might head there as well. In the Nintendo Direct Mini that was released today , we got the first look at SNK Heroines: Tag Team Frenzy for the Switch.

Chandler Riggs Glad Carl Has A Lasting Impact On The Walking Dead
The first half of "The Walking Dead" Season 8 concluded with one of the show's central characters being bitten by a walker. The loss of Carl doesn't necessarily mean that we're going to be losing big swaths of the comic book story.

Major cryptocurrency conference no longer accepting Bitcoin payments
Called "Bitcoin as Money", the paper predicts that Bitcoin will climb higher this year, improving on its record performance in 2017.

No VAR worries for Welbeck after Chelsea penalty shout
VAR was used in the FA Cup tie between Brighton and Crystal Palace and again in the Carabao Cup match between Chelsea and Arsenal .

Analyst's Predictions on Oclaro, Inc. (OCLR), Brixmor Property Group Inc. (BRX)
The company has market cap of $5.11 billion. (NYSE: BRX ) earned "Equalweight" rating by Barclays Capital on Tuesday, July 19. ValuEngine upgraded Brixmor Property Group from a "hold" rating to a "buy" rating in a research note on Monday, October 2nd.

Which Stocks To Invest? - Callaway Golf Company (ELY), Kosmos Energy Ltd. (KOS)
The competitors from Application Software hold an average P/S ratio of 5.7, which offer premium compared with the sector's 2.77. Jennison Associates Llc increased Mueller Wtr Prods Inc (NYSE:MWA) stake by 729,104 shares to 2.35M valued at $30.06M in 2017Q3.

Other news