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    VIDEO3:2003:20Lloyd Blankfein on the rise of SPACsSquawk Box Former Goldman Sachs CEO Lloyd Blankfein sees trouble ahead for SPACs, the special purpose acquisition companies being used to take companies public. While the SPAC trend shows no sign of cooling down amid high demand for shares of new companies, investors need to be careful, Blankfein said Monday on Squawk Box. That's because the SPAC process circumvents the rigorous due diligence of the normal IPO process, according to Blankfein. "You're getting companies public, but you're getting them public in a two-step process where one of the elements of an IPO is dropping out," Blankfein said. "When the initial SPAC goes public, you are scrutinizing a shell company, possibly the reputation of the sponsor," he continued. "When that company then de-SPACs and mergers, it's a merger, it's not an IPO that carries with it a lot of diligence obligations." SPACs have been around...
    Noam Galai | Getty Images Entertainment | Getty Images Shares of AMC skyrocketed Monday after the company disclosed that it had secured enough financing to remain open and operational deep into 2021. "This means that any talk of an imminent bankruptcy for AMC is completely off the table," said CEO Adam Aron. Since Dec. 14, the largest movie theater chain in the world has raised $917 million of new equity and debt capital, the company revealed Monday in an SEC filing. Around $500 million of this fundraising came from the issuance of new common shares and an investment deal with Mudrick Capital Management. The company has also executed commitment letters for $411 million of incremental debt capital from upsizing and refinancing its European revolving credit facility. Shares of the company were up more than 35% in premarket trading. The stock is down 48% over the past year, bringing its market...
    (CNN) -- Budweiser's Clydesdale horses have become synonymous with the Super Bowl. But this year, they're getting a rest: For the first time in 37 years, the beer company isn't advertising during the Super Bowl.Instead, Budweiser is shifting the money that would've been spent on the commercial slot--a reported $5.6 million for the February 7 event--to support "critical Covid-19 vaccine awareness" with donations and future ad campaigns, the company said Monday.The pandemic forced Budweiser to rethink its marketing approach, vice president of marketing Monica Rustgi told CNN Business, as the alcohol industry reeled from the sudden shutdown of bars, restaurants and big events. The brand wanted to "be proactive" in promoting vaccine awareness since it will eventually lead back to normalcy, she said in an interview.Some of Budweiser's planned advertising airtime this year will be given to the Ad Council and Covid Collaborative's Vaccine Education Initiative. Last year, both organizations...
    Sin Cara jumps during the WWE Live Dusseldorf event at ISS Dome on Feb. 22, 2017 in Dusseldorf, Germany.Lukas Schulze | Bongarts | Getty Images NBCUniversal's Peacock announced Monday it's reached an exclusive agreement to stream wrestling matches from the WWE Network in the U.S. The agreement puts an end to the WWE Network's independent streaming platform in the U.S., a person familiar with the matter told CNBC, though it will still exist on its own in other countries. On March 18, Peacock will begin rolling out 17,000 hours of WWE Network content. Original series, archives and documentaries will all be included in the library, as well as pay-per-view events like WrestleMania. Fastlane will be the first pay-per-view event to stream on Peacock on March 21, the company said. It will also begin rolling out one "signature documentary" annually beginning in 2022. The announcement comes as streaming platforms from Disney...
    VIDEO1:0101:01Wall Street points to a higher open ahead of a busy earnings weekMorning Report Take a look at some of the biggest movers in the premarket: GameStop (GME) – GameStop shares surged 40% in premarket trading, continuing its meteoric recent rise. The video game retailer's stock is worth about 3-1/2 times more than it was when 2021 began, amid a battle between GameStop enthusiasts and short sellers. GameStop is also benefiting from a boost in video game demand amid the pandemic. AMC Entertainment (AMC) – The movie theater operator secured $917 million in new financing, as it deals with the pandemic's impact on movie theater attendance. The liquidity will allow it to keep operating without resorting to a bankruptcy filing. AMC shares soared 40% in premarket trading. Express (EXPR) – Express is jumping in premarket trading, following a 53 percent increase during Friday's session. The apparel retailer earlier this month...
    House to send impeachment article to Senate, COVID-19: 5 things to know Monday Dutch PM condemns criminal violence in Covid riots The SPAC boom could rescue digital publishers like Buzzfeed and Vice from despair Bustle Digital Group, Vice, Vox, Group Nine and Buzzfeed have all had recent talks about going public via SPAC or consolidating and then going public, according to people familiar with the matter. Bustle Digital Group CEO Bryan Goldberg said he wouldn't be surprised if Bustle, Vice, Vox, Group Nine and Buzzfeed consolidate from five companies to three. Group Nine's SPAC is targeting Buzzfeed as one of its acquisitions, according to sources. © Provided by CNBC Jonah Peretti, founder and CEO of Buzzfeed; co-founder of the Huffington Post Digital media companies are ready for their close up. Load Error Bustle Digital Group, Group Nine, Vox, Vice and Buzzfeed have all had recent conversations...
    “The problems at Alphabet—and created by Alphabet—are not limited to any one country, and must be addressed on a global level,” said Christy Hoffman, UNI’s General Secretary. “The movement launched by tech workers at Google and beyond is inspiring. They are using their collective muscle to not only transform their conditions of employment but also to address social issues caused by increasing concentration of corporate power.” The announcement follows the creation of Alphabet Workers Union, a group affiliated with the Communications Workers of America.  The newly-formed Alpha Global alliance will work together to increase pressure on Alphabet management. The group has promised to “build a common strategy,” for instance, create collective goals and support individual unions’ demands. It will speak as one to pressure other entities — governments, investors, stakeholders and non-governmental organizations (NGOs) — who can ensure Alphabet is maintaining and consistently implementing workers’ rights. The alliance will also...
    New York (CNN Business)Budweiser's Clydesdale horses have become synonymous with the Super Bowl. But this year, they're getting a rest: For the first time in 37 years, the beer company isn't advertising during the Super Bowl. Instead, Budweiser is shifting the money that would've been spent on the commercial slot — a reported $5.6 million for the February 7 event — to support "critical Covid-19 vaccine awareness" with donations and future ad campaigns, the company said Monday.The pandemic forced Budweiser to rethink its marketing approach, vice president of marketing Monica Rustgi told CNN Business, as the alcohol industry reeled from the sudden shutdown of bars, restaurants and big events. The brand wanted to "be proactive" in promoting vaccine awareness since it will eventually lead back to normalcy, she said in an interview.Some of Budweiser's planned advertising airtime this year will be given to the Ad Council and Covid Collaborative's Vaccine...
    Hong Kong (CNN Business)A short-form video app that competes with the Chinese version of TikTok is preparing for what is expected to be the world's largest initial public offering since the coronavirus pandemic began. Kuaishou, a tech company based in Beijing, is seeking to raise as much as $6.2 billion in a stock market listing in Hong Kong, according to details of the planned IPO shared with CNN Business by a source familiar with the deal. The company, whose name means "fast hand" in Chinese, plans to issue about 365 million shares priced between 105 and 115 Hong Kong dollars ($13.55 and $14.84). At the top of that range, it would raise 42 billion Hong Kong dollars, or $5.4 billion. Issuing more shares in an over-allotment option could bring its haul to $6.2 billion. That puts Kuaishou on track to become the largest IPO since Saudi Aramco shattered records with...
    The eighth installment of Resident Evil, Resident Evil Village will arrive on May 7 and with it a new chapter in the survival horror series that defined the genre and which this time moves to Eastern Europe. Capcom confirmed today that Resident Evil Village will arrive worldwide this May on the new PlayStation 5 and Xbox Series X / S consoles; to PC and old platforms, PlayStation 4 and Xbox One. The announcement and the arrival to the consoles of the previous generation has been the main surprise of the streaming made today by the company, in which new content of the game has been shown. The installment is a direct continuation of the previous Resident Evil 7 chapter and follows the story of Ethan Winters, who appeared then for the first time. Resident Evil Village moves away from the characteristic zombies of its history and introduces...
    CHICAGO (CBS) — The CBS 2 Investigators have been digging into towing troubles in Chicago and its suburbs for years. CBS 2 Investigator Dorothy Tucker discovered a solution that’s been a well-kept secret for more than a decade. Now, it’s piqued the interest of one state lawmaker. Just after Christmas, on Dec. 27, 2019, Chicago Police were called to a South Side parking lot. Body camera video shows one officer walking up to a tow truck and yelling at the driver: “Hey! You’re being recorded. Can you put the window down please?” The tow truck driver responds, “What?” A heated exchange follows between Chicago Police and both men inside the tow truck. The CPD officer tells the driver: “You need to relax.” He adds, “Lower your voice, dude.” The tow truck driver responds: “I’m a grown man. I can talk how I want to talk.” “This is the lot,”...
    WWE superstar Sheamus recently sat down with Digital Spy and discussed the possibility of his fellow Irishman Conor McGregor joining the sports entertainment promotion. According to “The Celtic Warrior,” it’s a matter of “when” and not “if.” McGregor’s MMA future is up in the air following last night’s loss to Dustin Poirier at UFC 257. As Sportskeeda pointed out, Dana White gave the fighter an ultimatum after the bout: either he gets his hunger back or prepares to be done with UFC. This has led to some speculation that he could find a new career. The MMA star has had various public feuds with wrestlers in the past, but there are some people in the pro wrestling world who’d like to see him join Vince McMahon’s company. Sheamus thinks that McGregor would be a perfect fit for the promotion and noted that it’s not unusual for stars from other fields...
    Larry King’s surviving children described him as an 'amazing father' in a heartfelt tribute, which they shared hours after news broke that he passed away on Saturday.  In their joint statement, released on Facebook, the star's grief-stricken sons reflected on his legendary life and his compassionate parenting style.    'We are heartbroken over our father’s death, and together with our extended family mourn his passing,' Larry King, Jr., Chance King, and Cannon King wrote.  Beloved: Larry King’s surviving children described him as an 'amazing father' in a heartfelt tribute, which they shared hours after news broke that he died on Saturday; seen in 2019  The three noted that, while 'the world knew Larry King as a great broadcaster and interviewer,' he 'was the man who lovingly obsessed over' their daily schedules.  RELATED ARTICLES Previous 1 Next Cindy Crawford, 50 Cent and Andy Cohen lead stars in... Bow...
    Terry Bradshaw Makes Insane Statement About Josh Allens Arm The best dog breeds for families Facebook and Amazon were the top spenders in lobbying efforts in 2020: Report © JUSTIN TALLIS / Contributor JUSTIN TALLIS / Contributor Alphabet Inc. and Apple were also among the top spenders in lobbying in 2020, the analysis revealed. The expenditures are only part of the efforts by the tech giants to earn goodwill in Washington. Facebook said that it will continue to voice its support for new rules that "address today's realities online." Visit Business Insider's homepage for more stories. Facebook and Amazon were the biggest spenders on lobbying in 2020, outspending companies such as AT&T and Boeing, according to a Wall Street Journal analysis.  Load Error The analysis looks into reports filed by US companies with Congress under the Lobbying Disclosure Act, a federal law that requires companies to disclose...
    Former WWE superstar Layla was a guest on the latest episode of the Ring the Belle podcast, where she discussed a variety of topics related to her wrestling career. During the conversation, she was asked if she has any future plans to step back into the squared circle, but her response might not have been what some of her fans wanted to hear. According to the former Divas Champion, by way of WrestleTalk, her in-ring days are behind her. She explained that she enjoyed her time in the company, and she accomplished everything she wanted to as a superstar. “I think I had a great career. I was very privileged. I explored everything I could explore in WWE, like what else more could I have possibly done? I got to be around great people, and I got to travel the world. I was able to get a great fan base...
    An alleged drug lord dubbed 'Asia's El Chapo' Tse Chi Lop (pictured) has been arrested in the Netherlands An accused drug lord dubbed 'Asia's El Chapo' has been arrested following a two-year manhunt led by Australian investigators.  Tse Chi Lop, 57, was dragged off a plane in the Netherlands on Friday after Australian Federal Police issued a request for his arrest through international law-enforcement agency Interpol.   The Chinese-born Canadian national is accused of being one of the world's biggest meth dealers whose syndicate known as The Company or Sam Gor - Cantonese for Brother Number 2 - is allegedly responsible for up to 70 per cent of all narcotics entering Australia. Tse is now facing possible extradition to Australia, where he could face trial on charges of drug trafficking.  He allegedly oversees an alliance of five Chinese Triads that distribute everything from heroin and MDMA to ketamine via its 'Golden...
    Mike SpeiserSource: CNBC Venture capitalist Mike Speiser had a historic 2020. His firm, Sutter Hill Ventures, turned an initial investment of less than $200 million in Snowflake into a stake worth $12 billion after its IPO in September. Sutter Hill amassed its fortune in the cloud software vendor in a unique way. The typical method of early-stage investing is to bet on a bunch of company founders, then get out of the way and let them work their magic. A few winners pay for all the companies that don't work out. But Speiser has shunned the portfolio approach most VCs use. He told CNBC that his strategy is to spend 80% of his time and resources on a single project and the other 20% on the rest. Speiser came up with the concept for Snowflake alongside its founders in 2012. Sutter Hill gave the start-up space to work in its...
    YPF’s new course will not be divided from the general context of the economy, much less from the current process of renegotiation of a debt of 6,000 million dollars. Part of Guillermo Nielsen’s departure has to do with this context. The economist came to the oil company as an expert in financial markets. His initial idea was to organize a kind of trust in the United States, within the framework of a new hydrocarbon law, to « Attract investments » in Vaca Muerta and allow investors to exit the country. It was also aimed at renegotiating the lavish debt. He did neither one nor the other. The defunding cycle was not reversed either. elapsed during the macrismo, beyond the effects of the pandemic. Oil investment, plummeting The logic of the alliance Let’s change it had been to run YPF from the centrality of the market of hydrocarbons to make room for other...
    The OETEC Energy Observatory celebrated the appointment of the national deputy Pablo Gonzalez as the new president of the national-flag oil company, after the confirmation of the departure of William Nielsen, which will materialize in the coming days. « In front of YPF We need people who know the field, who understand the strategic role of this company, who re-impel it from production, and who conceives it aligned with the country’s energy interests ”, he said. Bethlehem Ennis, director of the aforementioned Observatory. Likewise, they described Guillermo Nielsen’s as « erratic management ». « We Argentines do not need a YPF that functions as if it were a purely private company. We have 51% of the share package and the leadership of the flagship oil company. It is the energy interests of the 45 million compatriots that must guide it, ”Ennis said. In the same vein, he added: « It is clear that the economist...
    Michael Chandler. Photo by Jeff Bottari/Zuffa LLC Michael Chandler just became the UFC's newest star. The American fighter flattened then finished Dan Hooker at the Etihad Arena on Fight Island. In a statement sent to Insider, Chandler didn't call-out anyone specific but did say he wants "UFC gold." Watch the KO below. Visit Insider's homepage for more stories. FIGHT ISLAND — Michael Chandler just became the UFC's newest star as the American scored a savage knockout on his debut for the Las Vegas-based MMA firm. Chandler had reigned as a three-time Bellator MMA champion, was the UFC's greatest signing in 2020, and was handed a baptism of fire for his first assignment — a lightweight match against Dan Hooker. The bout took place at UFC 257 in front of a partial fan allowance inside the Etihad Arena on Fight Island in Abu Dhabi, and served as the...
    India, with 1,300 million inhabitants, is, in total figures, the second country in the world most affected by COVID-19, after the United States, with 152,869 deaths and 10.6 million infections, but its mortality rate is low. The country began one of the most ambitious vaccination campaigns in the world on Saturday, to immunize 300 million people through July. In early January, two vaccines were approved in the country: Covishield, developed by AstraZeneca and the University of Oxford and produced by the Serum Institute; and Covaxin, made by local company Bharat Biotech. The Serum Institute, founded in 1966 by Cyrus Poonawalla, the father of the current president of the company, produces 1.5 billion doses of vaccines per year, making it the world’s leading producer, even before the new coronavirus broke out. Vaccines against polio, diphtheria, tetanus, hepatitis B, mumps, measles and rubella leave the factory and are...
    The telework law, in force for the most part since last October 13, contemplated a period of three months for the remote work agreement regulated in the standard will be formalized. There was also a period of three months for the companies to carry out the adaptations or modifications of the telecommuting agreements of individual character in force, which will not derive from collective agreements or agreements. Well, once this time has passed, below we detail the points that all telework contract must contemplate. Teleworking contract According to the teleworking law, the telecommuting agreement must be in writing, and may be incorporated into the initial employment contract or carried out at a later time. In any case, it must be formalized before the start of the remote work. The company must provide the union representation with a copy of all distance work agreements that are made and their updates...
    The telework law, in force for the most part since last October 13, contemplated a period of three months for the remote work agreement regulated in the standard will be formalized. There was also a period of three months for the companies to carry out the adaptations or modifications of the telecommuting agreements of individual character in force, which will not derive from collective agreements or agreements. Well, once this time has passed, below we detail the points that all telework contract must contemplate. Teleworking contract According to the teleworking law, the telecommuting agreement must be in writing, and may be incorporated into the initial employment contract or carried out at a later time. In any case, it must be formalized before the start of the remote work. The company must provide the union representation with a copy of all distance work agreements that are made and their updates...
    New York : Two years ago Godiva had plans to open 2,000 coffee shops in different countries. Photo: Cindy Ord / . The chain of chocolates deluxe Godiva announced that will close all its stores located in the United States due to the impact of the pandemic of coronavirus. It is a bitter goodbye for one of the most prestigious chocolate chains. “We have always focused on what our consumers need and how they want to experience our brand, which is why we have made this decision,” said the CEO. Nurtac Afridi it’s a statement. “Of course, this decision was difficult due to the care we take for our dedicated and hard-working chocolatiers who will be affected.” Godiva has 128 branches in the United States and the announcement comes less than two years after the company announced its plans to open 2,000 coffee shops in...
    Related news The first two swords of Acciona reorganize their investment portfolios in the company. President José Manuel Entrecanales and Vice President Juan Ignacio Entrecanales have transferred to companies directly controlled by them a package equivalent to 3.1 million euros. The largest transaction has been the one carried out by the president of Acciona, as he has mobilized 16,266 shares, as recorded in the forms sent by José Manuel Entrecanales to the National Securities Market Commission (CNMV). In her, each title has been valued at 119.07 euros. Based on these numbers, the transaction has reached a total valuation of 1.94 million euros. The securities traded in this off-market transaction have left the personal portfolio of José Manuel Entrecanales to join the position that the president of the company agglutinates through society Lizard Global Investment SL. the vice president For its part, Juan Ignacio Entrecanales has reported a similar movement...
    If we do an analysis of 2020, we find two cases that are worth highlighting as good practices: – Tesla: An employee notified management of a bribery attempt to enter malicious code on the corporate network. It resulted in a complaint to the authorities, with which the alleged hacker was investigated and caught, which is why the attack was avoided. – Finastra: the London-based Fintech was the victim of rasomware. The attacker mistakenly triggered an alert on the servers, which resulted in a quick response from the company to stop the attack and not pay the requested ransom, taking care of its business and customer data. The common denominator in these examples is the culture of protection on the part of the employees, coupled with the rapid response of the management and technology teams. In addition, the communication team that took advantage of this situation to reaffirm the...
    Related news The founders of Solarpack, José María Galíndez Zubiría and Pablo Burgos, and the Ybarra Careaga family have hung the ‘sold’ at 12.39% of the share capital from the renewable energy company. A transaction to be closed through a private expedited placement. This sale has been entrusted to the brokers of Banco Santander and Société Générale, according to the inside information sent to the National Securities Market Commission (CNMV). Furthermore, it has been stated that the objective of the placement is to increase Solarpack’s free circulation capital. The package put up for sale is made up of 4.122 million shares. A participation that depending on the stock prices of this Wednesday reached a valuation of 114.6 million euros after the company has been revealed as one of the big winners of 2020 on the Spanish stock market, with a revaluation of 119.1%. Four packages The shares that have...
    Related news Wall Street has welcomed the new tenant of the White House in an area of ​​historical highs, but not all its listed companies welcome you with the same potential. After the 2020 rally, only some values ​​are still indicated to continue the comeback just when the world’s largest economy launches a roadmap under the guidance of now president Joe Biden. Over the past year, the industrial index Dow Jones a revaluation of 7% was noted despite the pandemic. At the beginning of this 2021 in which the strong hands of the market advise to go rotating portfolios towards stocks with a more cyclical profile from growth strategies dominated by technology, the consensus of analysts can be a good clue. A total of five of the 30 listed on the New York index today manage to bring together a upside potential of more than 13% and buy recommendations...
    Related news Wall Street takes a breather on its unstoppable climb to record highs. A day after welcoming the new US president, Joe Biden, with a triplet of records, the indices falter with narrow movements to both sides of the graph. The good tone of the macroeconomic data published this Thursday moved to a second place amid a more cautious general sentiment. The speech delivered by the president of the European Central Bank (ECB), Christine Lagarde, from the other side of the Atlantic, contributed especially to this tone. Warnings about dire consequences that could have a mismanagement of the third wave of the Covid-19 pandemic and the persistent delay in the release of fiscal stimuli has a perfect parallel in the US. While the largest economy in the world is still very aware of what the first steps that the new tenant of the White House will display in...
    Related news HSBC has completed the accelerated placement of its Grupo Prisa shares. The entity has managed to close the process in which it has achieved a sale price of 0.93 euros per share. After this operation, HSBC will no longer have any titles within the media group. The placement numbers yield a amount that amounts to “a total of approximately 52 million euros”, as reported earlier this Friday by the Anglo-Asian bank to the National Securities Market Commission (CNMV). The volume finally sold in the operation reached 55,890,336 shares, which represents 7.89% of the share capital of Prisa. The operation was announced on Thursday through an insider’s information sent to the CNMV with the market already closed for negotiation. In the first moment only the sale of a package of 35 million shares was noted, which limited the operation to 5% of the share capital of...
    Related news Some leave, others arrive. Carmen Godia debuts as a relevant shareholder of Fluidra just after the accelerated placement carried out just a few days ago by the US manager Rhône Capital. The Catalan businesswoman has been discovered as new owner of 3.86% from the swimming pool company. The recently launched participation places Carmen Godia as the third reference shareholder of Fluidra, ahead of BlackRock, which currently declares 3.06% of the listed Catalan. The package is declared through the company G3T SL, the investment vehicle that places it year after year among the largest fortunes in Spain. The package that now brings together the listed company chaired by Eloi Planes is made up of a total of 7.84 million shares, according to the statement sent to the National Securities Market Commission (CNMV) this Friday. So, reaches a valuation of 153 million euros based on its current listing. Discounted...
    Related news Wall Street was turning red again with losses in the last session of the third week of the year. The unstoppable increase in infections due to the new strains of Covid-19 and the progressive return of severe confinement measures took their toll on investors’ spirits and, by extension, on the New York indices that just two days ago received the President Biden at all-time highs. Although the Nasdaq managed to slip away by the minimum in the final stretch of the session. To aggravate the situation, tensions with China reappeared right at the start of the presidency of the Democratic leader. This Friday it transpired that the Asian Giant it has barely met 58% of the purchase volumes of basic products to those that it committed to with the US in Phase One of its bilateral trade agreement. A figure that will make it very difficult to...
    US President Joe Biden speaks about the Covid-19 response as US Vice President Kamala Harris (L) looks on before signing executive orders in the State Dining Room of the White House in Washington, DC, on January 21, 2021.Mandel Ngan | AFP | Getty Images Like many in the tech industry, Amazon has cozied up to the Democratic Party. Its political action committee and company executives are among those who threw their money behind President Joe Biden on the campaign trail, while Amazon's top spokesperson, Jay Carney, has longstanding ties to Biden. But that doesn't guarantee the next four years of the Biden administration will be smooth sailing for the online retail giant. Antitrust reform, stronger privacy standards and a renewed push for workers' rights are just a few of the issues that could be on the new administration's agenda. Here's what's at stake for Amazon in the Biden administration: New union...
    New York : We live in a world where we quickly know if a company or brand is serving its purpose. That is, its promise of existence, the pact that sets the path: or sense of belonging or reluctant use. Therein lies the success or failure of business or personal brands. Being part of something is substantially higher, and it determines the returns. For example, a policy change has put WhatsApp, the most popular messaging application, on alert. In just three days, 25 million people downloaded Telegram, its direct competition. Do users consider that its original purpose has been distorted? WhatsApp, which emerged in 2009, has such a pervasive influence that it seems to have always been in our lives. It was born and developed with the purpose of “connecting the world through communication in real time”. Until his arrival, phone companies charged for sending text messages, and international...
    Medicines for dogs from Elanco (above) and Bayer (below) are available in an animal shelter on the treatment table of a veterinarian.Frank Rumpenhorst | picture alliance | Getty ImagesCompany: Elanco Animal Health Inc. (ELAN) Business: Elanco is an animal health company that develops, manufactures and markets products for companion and food animals. The company provides a range of parasiticide portfolios in the companion animal sector based on indications, species and formulations, with products that protect pets from worms, fleas and ticks. It also offers a pain and osteoarthritis portfolio across species, modes of action, indications and disease stages. It also provides treatments for otitis (ear infections), as well as cardiovascular and dermatology indications. Its portfolio in Food Animal Future Protein & Health category includes vaccines, nutritional enzymes and animal-only antibiotics. It also provides products in poultry and aquaculture production. Stock Market Value: $14.4 billioin ($30.46 per share)Activist: Sachem Head CapitalPercentage Ownership: 5.9% Average Cost:...
    Reconversion is a degree and knowing how to adapt to circumstances, too. The arrival of the pandemic has changed companies and the way they work. And that is the case of Rovi in ​​which there is a clear before and a magnificent after in its contribution to the fight against the coronavirus. Its agreement with Moderna, dating from July of last year, for the filling and finishing of the vials of its messenger RNA vaccine -in the specific case of the American company called mRNA-1273- in its factory in Madrid, with the purchase of a new production line and equipment for the formulation of the vaccine, the bias of its price has changed. Since that time, when the stock was trading at 25.53 euros per share, it has risen 76% until its close yesterday. The company has been progressing with what, little by little, has been presented...
    Vaccine prioritization is already hard. Dont make it worse by shaming people. The US is seeing the consequences of the coronavirus relatively unchecked spread. 3 people who supported that strategy now say they never did. Warren Buffetts Berkshire Hathaway has scored a 3,000% gain on its BYD investment. Heres the story of its bet on the Chinese electric-vehicle company. © REUTERS/Jason Lee BYD founder and CEO Wang Chuanfu, Charlie Munger, and Warren Buffett celebrate at a car launch. REUTERS/Jason Lee Warren Buffett's Berkshire Hathaway has scored a 30-fold gain on its BYD investment. It spent $232 million in 2008 for a stake worth $7.4 billion today. Here's the story of Berkshire's bet on the Chinese electric-vehicle company. Visit Business Insider's homepage for more stories. Warren Buffett's Berkshire Hathaway has made more than $7 billion on its BYD investment to date, representing a roughly 3,000% gain. Load Error...
    NHL roundup: Stars finally start season, wallop Predators Universities face pressure to vet ex-Trump officials before hiring them Warren Buffetts Berkshire Hathaway has scored a 30x gain on its BYD investment. Heres the story of its bet on the Chinese electric-vehicle company. © REUTERS/Jason Lee BYD founder and CEO Wang Chuanfu, Charlie Munger, and Warren Buffett celebrate at a car launch. REUTERS/Jason Lee Warren Buffett's Berkshire Hathaway has scored a 30-fold gain on its BYD investment. It spent $232 million in 2008 for a stake worth $7.4 billion today. Here's the story of Berkshire's bet on the Chinese electric-vehicle company. Visit Business Insider's homepage for more stories. Warren Buffett's Berkshire Hathaway has made more than $7 billion on its BYD investment to date, representing a roughly 30-fold gain. Load Error The famed investor's conglomerate spent $232 million to buy 225 million shares in the Chinese electric-vehicle...
    Deoleo, the Andalusian oil group, continues to take advantage of its period of greater rest after a more than brilliant 2020. It continues to consolidate positions, while it barely marks volatility in the medium term, after the rollercoaster year experienced by the value last year, with exponential increases that reached over 800%. Now you are waiting for the publication of its results for the last quarter of the year and for the entire year, which he hopes will be positive, as has happened, despite the moment he was going through, throughout the year. And the gap between the company’s potential and its situation in the market, as well as its financial momentum that was derailing, have made it a new company, with solvency endorsed by risk rating agencies and reflected on the stock market and in your quote. In its quotation graph we observe that between its...
    Watch: Mark Hubbard invents a putting stroke youve got to see to believe 50 slow-cooker family recipes under $15 Tesla Claims Engineer Stole Secrets Just Days Into the Job (Bloomberg) -- A former Tesla Inc. software engineer was ordered to appear before a judge to face allegations that three days into his job, he started stealing confidential files and transferring them to a personal storage account. © Bloomberg Tesla Inc. electric vehicles charge at the Tesla Supercharger station in Fremont, California, U.S., on Monday, July 20, 2020. Tesla Inc. is scheduled to release earnings figures on July 22. During his two-week employment ending Jan. 6, Alex Khatilov stole more than 6,000 scripts, or files of code, that automate a broad range of business functions, Tesla argues in its trade-secret theft complaint. Load Error Tesla convinced U.S. District Judge Yvonne Gonzalez Rogers that the threat posed is serious enough...
    LOS ANGELES (KABC) -- Maxwell Moore is a 16-year combat veteran with the Navy where he served as a corpsman. Upon coming home to Los Angeles after several tours of duty the local VA recommended he pick up a hobby that keeps his hands busy to help him deal with his PTSD. That's when he turned to something he learned as a child - making soap."The soap kind of kept him alive," says Maxwell Soaps COO, Joe Palacios. "It kind of saved his life, it gave him something to do."One-day while walking on the streets of Downtown Los Angeles he was asked for spare change. He had nothing to offer except his hand-made soap. He was shocked to learn how grateful the individual was to receive it."That was kind of the aha moment for me," Moore told ABC7. "That I could make a company employing veterans, and also be able...
    Covid-19 vaccine vials. REUTERS/Dado Ruvic/Illustration Pfizer will ship fewer COVID-19 vaccine vials to the US after extra doses were discovered. The company has pushed the FDA to formally acknowledge the extra doses found in each vial. Some pharmacists say they're still struggling to extract the extra doses. Visit Insider's homepage for more stories. Last month, pharmacists across the US found a pleasant surprise when they discovered that the vials of Pfizer's COVID-19 vaccine contained extra doses. As a result, Pfizer will now ship fewer vials of vaccine to the US to account for that, according to a New York Times report. The pharmaceutical company has committed to providing 200 million vaccine doses to the US by the end of July. The extra doses found in the initial allocations will now count toward that number. Pfizer charges by the dose and for weeks has reportedly pushed officials at...
    The AstraZeneca company announced this Friday that it will reduce to 60% the deliveries of its vaccine against Covid-19 to the European Union. The EU will receive only 40% in the first quarter of this year 2021, which are 31 million doses and not the 80 million agreed with the institution. This reduction is due to production problems, European Union sources assured .. The company itself acknowledged that “initial volumes will be lower than originally anticipated.” During today’s Steering Committee with Member States on the #EUVaccinesStrategy, @AstraZeneca representatives announced delays in the delivery of vaccines compared to the forecast for the first quarter of this year. /1 – Stella Kyriakides (@SKyriakidesEU) January 22, 2021 The company was expected will deliver to the 27 EU countries around 80 million doses by the end of March. The news comes after AstraZeneca requested authorization from Brussels for its vaccine developed...
    Former WWE superstar Ryback has taken a break from in-ring competition in recent years, but could be set to join All Elite Wrestling. As Ringside News pointed out, “The Big Guy” hinted that he’s on the way to the promotion during the latest episode of Ryback TV. According to Ryback — who was released by WWE in 2016 — he will “be going to the competition” to help them defeat his former employer’s shows in the weekly ratings war. While he didn’t mention AEW by name, the fact he referred to his next destination as “the competition” suggested that was the company he was referring to. As Ringside News highlighted, AEW hasn’t confirmed Ryback’s arrival as of this writing. It hasn’t even been revealed if there’s any interest from their end, though his friendship with Cody Rhodes — who is one of the promotion’s executive vice presidents — has been...
    SwipenSnap already found a big audience online for its diaper cream applicator, and now the company is looking for some Shark Tank cash to go along with it. The outfit, which makes a product that dishes out diaper cream for parents trying to keep a hand on their little ones, is one of four featured on the January 22 episode of the ABC reality series. They are seeking some investment cash from the Sharks that could help grow even more, though appeared to have already found some success with busy parents. The idea for the business came from founder and CEO Alina Kravchenko, who had just had a baby at age 23 in 2009 when the economy collapsed and she was unable to find steady employment. As Kravchenko explained on the SwipenSnap website, she worked three odd jobs while pregnant and found it both physically and emotionally taxing. But Kravchenko...
    Brumachen has already earned some national attention for its portable coffee and tea brewing cup, and now Shark Tank fans will get to see if the outfit scores a big investment to grow even more. The company is featured on the January 22 episode of the ABC reality series, with founders Kweku Larbi and Ross Smith seeking an infusion of cash that can help them expand even further. As The Cinemaholic reported, the outfit aims to offer a sustainable option for java fans who are on the go. “Brumachen claims to be the world’s first portable coffee and tea brewer,” the report noted. “Apart from being quite handy, travel-friendly, and easy to operate, the Brumachen Brewer is also eco-conscious and sustainable. Instead of plastic coffee pods that take up to 400 years to degrade, the Brumachen Brewer uses biodegradable pods made out of sugarcane that degrade in only 180 days....
    Quevos was already on the rise by the time founders made their way to Shark Tank, and the Chicago-based food startup seems to be headed to even more expansion. The company, founded by Nick Hamburger and Zack Schreier, makes snack chips made out of egg whites as a more nutritious alternative to potato chips or other fatty foods. As Biz Journals reported, the product comes in a variety of flavors and has been on the steady rise since Hamburger dropped out of the University of Chicago in 2018 to run the outfit full-time. As the report noted, Quevos had already moved into 1,000 retail locations before the owners were featured on the January 22 episode of the ABC reality series, seeking an investment that would propel their growth even more. Food-based outfits have tended to perform well on the show, especially those offering lower calorie or all-natural snack options, though...
    Reports: Bears promoting Sean Desai to defensive coordinator The 28 Best Fashion Finds on Sale This Month Parler’s New Partner Has Ties to the Russian Government (Bloomberg) -- Parler LLC, the social media app popular with Trump supporters and conspiracy theorists, is attempting to get back online with the help of a Russian company whose clients include an internet service provider to Russian intelligence, raising concerns about the conservative social forum’s security if it ever formally returns. © Bloomberg The Parler logo on a laptop computer arranged in the Brooklyn borough of New York, U.S., on Friday, Dec. 18, 2020. Parler bills itself as a non-biased social network that protects free speech and user data. John Matze, chief executive officer, says the platform saw great growth during the 2020 election as many conservatives moved away from products like Facebook and Twitter. U.S-based Parler began working with DDoS-Guard on Jan....
    The EU has pre-ordered 300 million doses of this vaccine with an option for an additional 100 million. Belgium expects a share of 7.5 million doses. LThe pharmaceutical company AstraZeneca has informed the European Commission that it will not be able, after the approval of its vaccine against the coronavirus by the EMA (European Medicines Agency), to initially deliver the quantity of doses which was expected. The information was relayed on Friday by the . agency, and by the German newspaper Bild, and was confirmed to the Belga agency. AstraZeneca does not specify how much was initially expected to be delivered, but indicates that “initial volumes will be more limited than originally anticipated, due to reduced yields at a manufacturing site within the supply chain. European company ”writes .. “The company has confirmed to Member States that the delivery pattern will change,” says Stefan De Keersmaecker, European Commission...
    Aura Bora came to Shark Tank looking for an infusion of cash to help grow the company, but regardless of the result the sparkling beverage maker appears to have already found a boost. The company is featured on the January 22 episode of the ABC reality series, hoping to win over the investors and score a major investment. As The Cinemaholic reported, Aura Bora was started by husband and wife Paul and Madeleine Voge, coming after a long series of ventures for him that failed to make it big. It was Paul’s soda drinking habits that ultimately gave him the inspiration to start Aura Vora, the report noted. “At work, he was in the habit of polishing down 8-10 cans of sparkling water per day. But his family had always been strictly against soda, which is how he started looking for alternatives,” the outlet noted. “Paul and his wife...
    New York (CNN Business)Intel investors and analysts got their first glimpse at incoming CEO Pat Gelsinger's vision for the company during its earnings call on Thursday. Gelsinger, who starts his job on February 15, has a challenging task ahead: Intel has fallen behind competitors in manufacturing the most advanced chips, putting it at risk of losing share in key markets. But Gelsinger told analysts that Intel is not "interested in just closing gaps" with its rivals. "We're interested in resuming that position of the unquestioned leader in process technology, and that's our commitment," Gelsinger said. He joined the earnings call along with outgoing CEO Bob Swan, though he doesn't actually take over the role for three more weeks.Still, it appears that investors are wary. The company's stock fell nearly 10% on Friday, although it posted better-than-expected earnings Thursday. The semiconductor giant reported fourth quarter earnings of $1.42 per share on...
    Bjw was presented in the Tokyo Korakuen Hall with a special function where it occurred a championship match, as well as several encounters that were very striking. ► BJW returned to Tokyo Korakuen Hall The company carried out a special combat, commemorating one year of the death of Kendo Nagasaki (Kazuo Sakurada) who in his later years as an active wrestler competed in BJW. The encounter was in pairs, where Great Kojika and Yuichi Taniguchi joined forces to pass over Abdullah Kobayashi and Minoru Fujita. Before starting the actions, the ceremony of the gong was performed; Taniguchi carried a photo with the image of Kendo Nagasaki. Isami Kodaka made the first successful defense of the BJW Junior Weight Championship against Kazuki Hashimoto. After the crash, Kosuke Sato challenged Kodaka. Violent Jack was revealed to be Masashi Takeda and Takumi Tsukamoto’s mystery partner...
    The Geneva-based trading company, its employer, and a resident of Ticino were backed by the United States this week for violating a U.S. embargo on Venezuela. Advertising Washington. The five “key players” on the list of 23 individuals, companies or other vessels approved by the U.S. Treasury Department (OFAC) on Tuesday are the Swiss trade group, its administrator Philip Abigail, and Alessandro Pasoni, who lives in Lugano. Those on the list are barred from doing business with companies in the United States. Washington believes PDVSA, a Venezuelan state-owned company, has helped sell its crude oil, especially in Asia, despite the ban against the South American nation. Trading in Switzerland is said to have acted as a fund recipient, or company, to obtain a commodity oil, especially for crude exports negotiated by a Maltese company, Elemento. Swiss team may have provided material, financial or financial assistance to PTVSA, Worth it OFAC....
    NBCSN, the sports cable channel for NBCUniversal, will shut down at the end of 2021, according to an announcement on Friday.  NBCUniversal said that the programs on NBCSN will eventually be aired on other platforms within the company, such as USA Network and the streaming service Peacock. “We’re all aware of how quickly the media landscape is evolving, and our Company is taking thoughtful steps to stay ahead of these trends wherever possible and, in many instances, help set them,” Pete Bevacqua, NBC sports group chairman, said in an email to employees, NBC News reported. There will be a virtual meeting for the company on Tuesday to answer any questions about the decision, Bevacqua said. NBCUniversal is one of many companies that has had to cut costs and make adjustments due to the impact of the coronavirus pandemic.  Peacock was launched in July 2020 and already has some sports content,...
    Still from "Raya and the Last Dragon."Disney The box-office calendar is shifting once again. In the last day more than a dozen Hollywood titles have been displaced from the slate, moving to later in the year or into 2022, due to the Covid pandemic. Cinema owners, who in December hoped to hold out until March for a slew of new blockbuster features, are watching as Sony, Disney and MGM postpone major films. On Thursday, the latest James Bond flick, MGM's "No Time to Die," was pushed from April to October, Sony's "Ghostbusters: Afterlife" was moved to November, and Sony's "Morbius" and "Uncharted" exited to 2022. On Friday, Disney shifted a half-dozen films, including "The King's Man," later into the year or removed them from the calendar entirely. The few films that remain in February and March are tied to streaming releases. AT&T/Warner Bros.' "Tom and Jerry" heads to HBO Max...
    Theres divots. Theres bad lies. And then theres this. Isabel Marant Homme Fall 2021 Collection The New Rules for Buying a Home While Selling Your Old One Kristy Burchell has been working from home in the Dallas-Fort Worth area for 15 years, as well as homeschooling her two children. She and her husband Stan put their home up for sale in 2013 but quickly found the experience didn’t work with their lifestyle. Since then, they’ve been looking for a different way of selling their home. © Francesco Ciccolella for Money Tools-for-Buying-and-Selling-a-Home-at-the-Same-Time “We knew that trying to sell-traditional wasn’t going to work for us,” she noted. “We couldn’t live through showings, it was extremely disruptive to both our work and our school schedules.” Load Error Selling while buying a home is notoriously challenging. Most homeowners rely on the sale of a home to make a down payment on a...
    IBM's logo seen displayed on a smartphone.Rafael Henrique | SOPA Images | LightRocket | Getty Images Check out the companies making headlines in midday trading. Ford — Shares of the U.S. automaker dipped about 1%, retreating from an all-time high hit in the previous session. The stock jumped 6.2% Thursday following positive comments from Deutsche Bank and Barclays on Ford's product plans and reporting of fourth-quarter earnings on Feb. 4. JPMorgan also upgraded Ford to overweight from equal weight on Friday. The stock has rallied more than 16% this week, on pace for its best week since June. IBM — Shares of IBM sank 10% following its earnings report that showed a decline in revenue larger than analysts expected. IBM made $20.37 billion in revenue in the fourth quarter, missing estimates of $20.67 billion, according to Refinitiv. Earnings, however, topped estimates. Intel — Shares of the chipmaker tumbled more than...
    A healthcare worker wears personal protective equipment (PPE) during a United Airlines Covid-19 test pilot program at Newark Liberty International Airport in Newark, New Jersey, U.S., on Monday, Nov. 16, 2020.Angus Mordant | Bloomberg | Getty ImagesUnited Airlines' CEO wants to make Covid-19 vaccines mandatory for its employees and is encouraging other companies do the same. It's a stance that differs from what some other carriers and companies have recently said. United had more than 60,000 active U.S. employees at the end of the year and has sent recall notices to some 17,000 other workers whose jobs were cut last year. "The worst thing that I believe I will ever do in my career is the letters that I have written to the surviving family members of coworkers that we have lost to the coronavirus," CEO Scott Kirby said at an employee town hall on Thursday, a transcript of...
    Social distancing decals are seen on the floor of a different Ralphs Kroger grocery store in California. REUTERS/Lucy Nicholson A former Kroger employee was charged with stealing nearly $1 million from the company in two weeks. Tre Brown, 19, created 40 false returns and put them on several credit cards, police in Gwinnett, Georgia, said. Investigators said Brown bought two vehicles, guns, shoes, and clothes with the money. Visit Insider's homepage for more stories. A former Kroger employee in Duluth, Georgia, has been arrested and accused of stealing nearly $1 million from the company. Tre Brown, 19, created more than 40 returns for non-existent items and put them on several credit cards, according to a statement from the Gwinnett County Police. Corporate employees noticed the fraudulent transactions and contacted police. Police say he was able to steal more than $980,000 in just two weeks between December and...
    When Stephanie Hall set out to fill her home with colored glassware, the entrepreneur found little to no success in her local shops and antique stores. This inspired Hall to found her company, Estelle Colored Glass, which was born from a love of antique treasure hunting with her grandmother, Estelle, in South Carolina. "She had her regular stores that she went to and she was always treasure hunting," Hall told CBS News. "She passed on to me the love of beautiful things and I love business — so I was able to marry those two things here in this brand." Her luxury glassware is now featured in big box stores such as West Elm, Anthropologie and Zola but Hall's journey wasn't a straight route to success. Stephanie Hall founder of Estelle Colored Glass Catherine Hurt Photography After a 10-year stint as a lawyer in Washington, D.C., Hall moved back to...
    Rare gold coin sells for $9.36 million at Texas auction How to organize tabs in Google Chrome to declutter your web browsing Intel drops 9% after a reported hack forced the chipmaker to release its 4th-quarter earnings early © Joe Raedle/Getty Images Joe Raedle/Getty Images Intel shares fell as much as 9% on Friday after a reported hack forced the company to release earnings early. A hacker gained unauthorized access to financially-sensitive information from Intel's website, the FT said. The chipmaker's fourth-quarter revenue exceeded investor expectations and its own forecast. Sign up here our daily newsletter, 10 Things Before the Opening Bell. Shares in Intel fell as much as 9% on Friday, after the company said its corporate website was hacked, pushing the chipmaker to release its fourth-quarter earnings earlier than planned.  Load Error George Davis, Intel's chief financial offer, told the Financial Times...
    In the same week that we learned of a historic sentence in favor of Nintendo against piracy in Spain, Through a statement, The Pokémon Company has announced a strong hand against those who modify games in Pokémon Sword and Shield, and Pokémon Home. How? Through a wave of bans that will arrive soon and prevent players who have illegally modified the game of one of the aforementioned games from being able to continue using its online features. The Pokémon Company announces new bans In this way, players who have saved data altered in any way not allowed by the games themselves, something that according to the company ruins the gaming experience for other players who do things legally, will be prohibited from accessing Pokémon Home as well as a limitation to the game experience of Pokémon Sword and Shield on Nintendo Switch. Basically when it comes to online features and...
    Photos: How the 1918 and COVID pandemics compare Biden takes step to require federal contractors pay $15 minimum wage Intel drops 4% after a reported hack forced the chipmaker to release its 4th-quarter earnings early © Joe Raedle/Getty Images Joe Raedle/Getty Images Intel shares fell 4% on Friday after a reported hack forced the company to release earnings early. A hacker gained unauthorized access to financially-sensitive information from Intel's website, the FT said. The chipmaker's fourth-quarter revenue exceeded investor expectations and its own forecast. Sign up here our daily newsletter, 10 Things Before the Opening Bell. Shares in Intel fell as much as 4% in pre-market trading Friday, after the company said its corporate website was hacked, pushing the chipmaker to release its fourth-quarter earnings earlier than planned.  Load Error George Davis, Intel's chief financial offer, told the Financial Times a hacker gained unauthorized...
    Although most smartphones abandoned this design due to the added fragility it entailed for terminals, you hardly have to look back a couple of years to see the brief passage of phones through the sliding camera mechanisms hidden behind the screen. Far from having abandoned its efforts, it seems that Samsung is again trying its luck with the new Galaxy A82 5G, a new version readapted to the new communication networks. Specifically, this phone would imitate the Galaxy A80 of 2019, which surprised with a sliding system that was not only based on hiding the front cameras, but mainly converts rear cameras to front cameras, thus offering high quality captures and a notable saving in the size of the phone, eliminating in turn the need to incur any type of notch or cut on the screen. However, Samsung did not achieve the expected success at all, falling this smartphone soon...
    HSBC exits the Spanish company Prisa through a placement with a minimum discount
    The arrival of a new president at the White House does not mean that protectionism will be low south of the border, which, according to Prime Minister Franois LeCold, says he is only interested in using the “buy” clauses. American ”. On January 21, 2021 at 3:33 p.m. Julian ArsenalThe Canadian Press At a news conference in Quebec on Thursday, he warned that while the administration of Democrat Joe Biden was still “predictable” it would be difficult to get a “relaxation” from Washington. Than its predecessors. “You have to be careful […], he said. In American history, Democrats have been more protective than Republicans until the arrival of (Donald) Trump. This will be part of the discussions with Mr. (Justin) Trudeau tonight. ” In an effort to stimulate the economy, Mr. Biden proposed massive investments in infrastructure and other transportation...
    The Undertaker incorporated elements of MMA into his wrestling arsenal during his in-ring career, but he never had any intention to make the switch to the octagon after becoming a household name. He also questioned CM Punk’s decision to try his hand at the fighting a few years ago. During a recent interview with The Joe Rogan Experience, by way of Sportskeeda, the legendary WWE superstar revealed that he may have considered participating in the sport if it was popular when he was coming up. He then discussed CM Punk’s decision to leave the world of sports entertainment and jump ship to UFC after leaving WWE in 2014. According to The Undertaker, Punk’s decision to make the transition confused him. He said that “The Straight Edge Superstar” was in a great position in the company during his time there, though he admitted that he doesn’t know enough about the situation...
    This Wednesday Amazon sent a letter to President Joe Biden offering to help the White House distribute the COVID-19 vaccine, which represents a radical change from the relationship the company had with former President Donald Trump, who frequently attacked the company and its founder Jeff Bezos, the richest person in the world. Miami World/The newspaper The Biden administration faces a challenge to accelerate the deployment of the vaccine across the country. In the letter, Amazon’s director of global consumption, Dave Clark, said the company is willing to help reach the goal of vaccinating 100 million Americans during the first 100 days of Biden’s presidency, . reported. “We are prepared to leverage our operations, information technology, communication capabilities and expertise to assist your administration’s vaccination effort,” Clark wrote, noting that the company’s infrastructure “allows us to have a significant impact.” Amazon, the second largest employer in the United States, has plans...
    Pedestrians walk in front of the IBM building in New York.Scott Mlyn | CNBC Check out the companies making headlines after the bell: IBM — Shares of IBM fell more than 6% in the extended session after the company reported fourth-quarter sales below where analysts were expecting. Revenue fell 6% on an annualized basis, the fourth consecutive quarter of declines, according to a statement.  Ford — Shares of the American automaker dropped 2.2% after the bell after the company said in a government filing that it will be conducting a field service action to replace Takata airbag inflators in certain vehicles from model years 2006 to 2012. The company says it expects the action to impact about 2.7 vehicles in the U.S. CSX Corp. — CSX dropped 0.25% on headline earnings results that topped analyst expectations, but a closer look at the figures showed that the the railroad cuts costs faster than...
    The Standard hotel on the Sunset Strip in West Hollywood is scheduled to close Friday, 22 years after opening with the financial support of such celebrities as Leonardo DiCaprio, Cameron Diaz and Benicio del Toro. The location was the first that hotelier Andre Balazs opened in the Standard chain of boutique hotels. The chain, which has grown to six locations in the Los Angeles area, New York, Miami and London, operates under parent company Standard International. Balazs stepped down as the company’s chairman in 2017. A Standard International representative could not be reached for immediate comment Thursday, but the hotel posted a notice on Instagram saying it was “unable to prevent a significant increase to its lease, which makes operating the property impossible.⁣⁣"
    The Raspberry Pi Foundation’s tiny computers can be used for anything from homemade cameras to cucumber sorters, and now, the group is branching out into microcontrollers and custom silicon. The Raspberry Pi Pico is the first step. It’s a new $4 microcontroller that’s smaller than the average Pi, features a custom chip powerful enough to be used in machine learning projects (according to The Raspberry Pi Foundation), and is on sale now. In its introductory blog post, the company explains that today’s Raspberry Pis are already often used alongside a smaller microcontroller: The Raspberry Pi takes care of heavyweight computation, network access, and storage, while the microcontroller handles analogue input and low-latency I/O and, sometimes, provides a very low-power standby mode. Now, the company has one of its own. In a first for the microcomputer maker, the Pico is powered by a custom chip designed in house called...
    In the blog post referencing the layoffs, the company said it had been testing new workflows with its retail partners. One of those is called Partner Pick. With Partner Pick, grocery store employees, instead of Instacart shoppers, use the company’s technology stack to prepare orders for customers. “As a result of some grocers transitioning to a Partner Pick model, we’ll be winding down our in-store operations at select retailer locations over the coming months,” the company said in the post. Understandably, the company has come under fire for the decision. “Instacart firing the only unionized workers at the company and destroying the jobs of nearly 2,000 dedicated front-line workers in the middle of this public health crisis is simply wrong,” Marc Perrone, the president of United Foods and Commercial Workers union said. Instacart was one of the companies that spent millions last year to pass Prop 22 in California. The...
    The House Oversight and Reform Committee has asked the FBI to investigate the role that Parler, a social media website and app popular with conservatives, played in the January 6 riot at the U.S. Capitol. Rep. Carolyn Maloney, a New York Democrat who chairs the panel, cited press reports that detailed violent threats on Parler in her letter to FBI Director Christopher Wray on Thursday. Maloney noted that numerous Parler users have been arrested and charged with threatening violence against elected officials, or for their role in participating in the attack.  Her letter also cited reporting from DailyMail.com on Parler CEO John Matze's Russian wife Alina Mukhutdinova, and Maloney alleged that the company has suspicious 'connections to Russia'. Earlier this month, DailyMail.com revealed that Matze met Mukhutdinova in Las Vegas while she was on a two-week vacation in the U.S., though no suggestion has been made that she has improper oversight at...
    Deputies were called to the Port Charlotte Publix parking lot after receiving calls that 47-year-old Shane Gillis had been threatening his former boss A Florida man was detained in a Publix parking lot on Sunday after he repeatedly threatened his former boss over the phone before approaching authorities and his ex-employer with a Twisted Tea and a 28-inch metal pipe. The Charlotte County Sheriff's Office shared in a Tuesday Facebook that deputies were called to the Port Charlotte scene after receiving calls that 47-year-old Shane Gillis had been threatening his former boss. As deputies arrived to the parking lot located at 24051 Peachland Blvd, Gillis was overheard on the phone asserting that he 'had something' for his ex-employer, and was on his way back to Mr. Mobile RV Repair.  Gillis had been fired from his job there 'earlier this week,' authorities told the Charlotte Sun.  Gillis had been fired from his...
    VIDEO5:2005:20Union Pacific CEO on 2021 outlook, latest earnings and moreSquawk on the Street Here are the stocks making headlines in midday trading. United Airlines – Shares of the major U.S. airline tumbled 6.4% after the company posted a $1.9 billion loss for the fourth quarter. United suffered its fourthly quarterly loss in a row and warned that sales would continue to suffer in the early part of 2021 as the pandemic drags on. CEO Scott Kirby said a "critical mass" of people need to be vaccinated before there's a recovery. SolarEdge – The smart energy technology company gained more than 5% after Morgan Stanley initiated coverage on the stock with an overweight rating. In a note titled "The Sun Keeps on Shining," the firm said SolarEdge should continue to gain market share in a "fast growing space." Apple – The tech giant jumped more than 3%, bringing its week-to-date rally to...
    Home service companies, spread across France, offer a wide range of services to help individuals in their daily lives. Their main asset? Staff trained and immediately operational to come to the home or to the premises of professionals to perform the required household chores. Home helpers also work with the elderly who live at home, in a state of varying degrees of dependence. They are a great help in enabling them to stay in their house or apartment as long as possible. They assist them on a daily basis, with daily activities, home maintenance, shopping, or cooking. A home help company also has competent staff for the care of its children, as well as for small DIY or gardening tasks, in a main residence or in a second home. Home help business and tax credits For individuals, it can be difficult to know what hourly rate to offer, depending...
    Investment strategies Tesla or how to go up 1,286% in just two years The company that has made Elon Musk the richest man in the world faces this stock market exercise with its eyes set on new markets. India and China become the new focus of the electrified car company and much more. After rising exponentially in the year of the pandemic, it regained ground in the market in the heat of the recommendations, which in some cases, however, are reluctant to recommend the purchase of the security.
    During his recent appearance on Joe Rogan’s podcast, The Undertaker pulled no punches when he shared how he feels about WWE’s current on-air product and how he believes it isn’t as hard-hitting as it used to be. As quoted by WhatCulture on Thursday, Undertaker appeared on Wednesday’s edition of The Joe Rogan Experience, where the UFC commentator asked the recently retired wrestling legend if he still follows what’s going on in WWE. According to “The Deadman,” he has a more difficult time than usual enjoying the promotion’s programming, given how it has seemingly become more about style than substance, with a focus on trying to please as many types of fans as possible. “I walked away when I learned to walk away. I just think the product is a little soft. There’s guys here and there that have an edge to them, but there’s too much pretty, not enough substance...
    VIDEO0:4800:48Stock futures rise as Biden releases Covid planMorning Report Take a look at some of the biggest movers in the premarket: Travelers (TRV) – The insurance company reported quarterly earnings of $4.91 per share, well above the consensus estimate of $3.18 a share. Revenue matched Street forecasts. Travelers benefited from lower catastrophe claims, a record 8.4% jump in renewal premiums, and strong underwriting results. The shares gained 1.7% in premarket trading as of 7:40 a.m. ET. Truist Financial (TFC) – The bank reported quarterly profit of $1.18 per share, beating the consensus estimate of 97 cents a share. Revenue also beat analysts' forecasts, helped by record results in Truist's investment banking and commercial real estate businesses. KeyCorp (KEY) – KeyCorp reported better-than-expected profit and revenue for the fourth quarter, as the bank's consumer mortgage and investment banking businesses helped drive strong growth in fees. The shares gained 1% in premarket...
    Donald Trump's eleventh-hour pardons in virtually his last act as president included the man behind a $300 million Ponzi scheme whom one of his 1,400 victims once described in court documents as a "scumbag."  Also on the list: a former Google executive convicted of stealing trade secrets, a real estate developer charged in the "Varsity Blues" college admissions scandal, and a Las Vegas gambler imprisoned for his role in an insider-trading scandal. In all, Trump pardoned 73 people and commuted the sentences of 70 others, including his former political strategist, Steve Bannon. Rumors had circulated that the "Tiger King" documentary star Joe Exotic would be pardoned. He wasn't. But among those receiving presidential mercy were people convicted of various financial and other white-collar crimes, including three found guilty of defrauding investors in real estate deals.  Here are some of the people Trump pardoned on his last day in the White House. ...
    New York (CNN Business)Pat Gelsinger has a massive task ahead of him when he takes over as Intel CEO next month.The semiconductor company, whose products have served as the brains of countless computers and other important technologies, has in recent years lost its position as the industry's undisputed leader. Among the biggest challenges Intel faces: unprecedented competition from former steadfast partners, major delays in its next-generation chips, the departure of top talent and an activist shareholder banging at the door.Experts say Intel (INTC) urgently needs an infusion of fresh leadership and a bold, new strategy. "I've always sort of wanted my career to be where the center of action is at — where is the disruption and maximum innovation going on?" Gelsinger told Samsung President and Chief Strategy Officer Young Sohn in an October interview, prior to the Intel announcement. Investors are counting on Gelsinger — Intel's former chief technology...
    New York : Joe Biden’s stimulus bill includes a new check for $ 1,400. Photo: ALI AL-SAADI / . Last week Joe biden presented its Rescue Plan for the United States, a financial aid package from $ 1.9 trillion designed to help those battling the pandemic of COVID-19. Biden’s plan includes a weekly increase of $ 400 dollars to federal unemployment benefits through September, $ 350,000 million in assistance to state and local governments, and tens of billions in additional funding for coronavirus vaccine distribution, research and testing. The stimulus bill includes a check for $ 1,400 for those who are eligible. This is in addition to the $ 600 stimulus payment that was approved in December, bringing the total payment of both bills to $ 2,000 per person. For some people $ 1,400 dollars of the stimulus check money will be used to pay...
    It has been twenty years since the filmmaker Richard Kelly put an indelible question mark above our heads. His cryptic first feature film Donnie darko had its world premiere on January 19, 2001 at the Sundance Film Festival, where it competed for the grand jury prize against the also iconic Memento, directed by Christopher Nolan. However, Kelly would have been far from considering his British counterpart as a rival, especially because of the valuable support he provided for the distribution of his debut. This week, Collider brought up the story of how Christopher Nolan did his bit to get Donnie Darko to get a commercial run in theaters. It happened that arriving on the big screen seemed like a very unlikely feat for that psychological thriller starring Jake Gyllenhaal, because although it boasted the endorsement of Sundance, certain factors led to the distrust of the distributor. For example, the...
    (CNN Business)Amazon wasted no time to reach out to newly installed US President Joe Biden about prioritizing its essential workers in his administration's vaccine distribution plans. In a letter sent to Biden Wednesday, Amazon (AMZN) executive Dave Clark wrote that the company "stands ready to assist" in vaccinating 100 million Americans in the first 100 days, as Biden has pledged to do.As part of that offer, Clark highlighted that Amazon has more than 800,000 US-based employees — most of whom work in essential roles at Amazon fulfillment centers, AWS data centers, and Whole Foods Market stores — and these workers "should receive the Covid-19 vaccine at the earliest appropriate time." He added that Amazon has an agreement in place with a licensed third-party occupational health care provider to administer vaccines at its facilities.It's not the first time that Amazon has advocated for early access to the vaccine for its essential...
    LG has lost $ 4.5 billion in the last five years with its mobile phone division. It seems that they conquer the public with their smartphones not the best quality of the tech company. With this panorama, rumors about its exit from the smartphone market have been growing in recent months. Even as reported by The Korea Herald, LG Electronics CEO Brian Kwon sent a message to staff on Wednesday “hinting” that there would be “an important change” in the operation of the division. “Regardless of any change in the direction of the commercial operation of smartphones, employment will be kept, so no need to worry”The message read, according to the Korean media. The Korea Herald spoke with an employee of the technology company and he stated that “given that competition in the global market for devices mobiles is getting fiercer, it’s time for LG to make a cold judgment...
    United Airlines Boeing 787-9 Dreamliner landing in London Heathrow International airport in England, UK.Nicolas Economou | NurPhoto | Getty Images Check out the companies making headlines after the bell: United Airlines — Shares of the airline dipped more than 2% in extended trading on Wednesday after missing on the top and bottom lines of its quarterly earnings. United lost $7.00 per share, lower than the expected loss of $6.60 per share, according to Refinitiv. United made $3.41 billion in revenue, missing estimates of $3.44 billion. Discover Financial — Shares of the financial services company ticked nearly 1% lower in after hours trading on Wednesday despite topping analyst expectations for its quarterly results. Discover Financial reported earnings of $2.59 per share, above estimates of $2.42 per share, according to Refinitiv. Revenue came in in-line with expectations at $2.82 billion. Plexus — Shares of the supply chain solutions company rose more than...
    Chinese tycoon Jack Ma has made his first public appearance in three months – sending shares in his company Alibaba soaring amid relief he is still 'alive and kicking'. The 56-year-old, who was previously China's richest person, disappeared from public view in October after criticising regulators' approach towards financial technology firms. But he resurfaced yesterday in a video to thank teachers for their work and praise rural education.  'Alive and kicking': Chinese tycoon Jack Ma has made his first public appearance in three months - sending shares in his company Alibaba soaring That sent Alibaba shares up 8.5 per cent, adding £1.5billion to Ma's fortune. RELATED ARTICLES Previous 1 Next Dixons Carphone boss says the group is 'winning online' with... Burberry blasts end of duty free for tourists: Fashion giant... The future inflation threat: What central banks have given,... Strong...
    “Our security systems automatically lock an employee’s corporate account when they detect that the account is at risk of compromise due to credential problems or when an automated rule involving the handling of sensitive data has been triggered,” it said in a statement. “In this instance, yesterday our systems detected that an account had exfiltrated thousands of files and shared them with multiple external accounts.” As Bloomberg notes, Mitchell has expressed support for Gebru on Twitter and criticized Google and other tech giants for how they handle gender, race and systemic bias issues. On Tuesday, Mitchell criticized Google CEO Sundar Pichai’s upcoming meeting with leaders of historically Black colleges and universities. Say you have a problem with consistently alienating Black women and have caused serious damage in their lives.You could: A) try to undo that damageB) try to find more Black people to like you (the tokenism approach).Good...
    Bad, very bad news for the mobile telephony sector, and that is LG is considering leaving the smartphone sector for economic reasons. As we can read in The Korea Herald, LG Electronics CEO Kwon Bong-Seok sent a memo to all staff informing that the company was considering making major changes to its smartphone division, and on top of that the table is the possibility of leaving the business of smartphones. It is not the first news regarding said memorandum, in fact a news item about it was published last week in TheElec, although this had to be removed after LG’s public relations team flatly denied such information. On this occasion, however, the technology company has recognized that the document is real and that, indeed, at this time the future of its smartphone division is not assured of its continuity. The cause of this is, as we have already commented, economic....
    The Conversation Spain Why do we need more agile and flexible companies to save the world after covid-19? TELOS / Víctor Coyote The pandemic and associated seclusion are having economic consequences whose depth is difficult to anticipate, in addition to the already shocking evidence on people’s lives and well-being. To verify the severity of the latter, we do not have to wait for the official records of the contraction of economic growth in the world, the high corporate mortality rates, the rise in unemployment or the galloping level of public and private debt to be published. Beyond these statistical evidence, the responses of economic agents to the situation created allow us to anticipate alterations that are also of great significance in some structural dimensions of the economic system itself. It will be those that have the greatest impact on the company, from the redefinition of its objective function to the...
    Trondheim, Norway (CNN Business)The deep-sea oil and gas industry has a vast and costly infrastructure to maintain. Wells, other equipment, and thousands of kilometers of pipeline must be installed, inspected and repaired.Now, cutting-edge underwater drones and robots are being developed that could make the work safer, cheaper and less polluting. Among them is Eelume, a six-meter-long, snake-like robot kitted out with sensors and a camera at each end. It can be kept at a docking station at depths up to 500 meters (547 yards) for six months, without being brought back to the surface.The self-propelling robot can travel up to 20 kilometers (12.4 miles) before needing to return to its station to recharge. It can also swap out parts for different tasks, including tools to operate subsea valves, and cleaning brushes to remove marine growth and sediments. Maintenance work at many deep-water wells and pipeline systems is already carried out...
    A Starlink user terminal attached to the roof of a building.SpaceX SpaceX has launched more than 1,000 of its Starlink high-speed internet satellites to date and, as it seeks regulatory approval in other countries, Elon Musk's company is now offering early public access to the service in Canada and the U.K. "Earlier this month we expanded our 'Better than Nothing Beta' program to include customers across the pond in the United Kingdom," SpaceX lead manufacturing engineer Jessie Anderson said during the company's launch webcast on Wednesday. "Within the northern U.S. and Canada, and now the U.K., we are focused on rural and remote areas where there is no easy access to fiber or cable," Anderson added. SpaceX began the public beta program in October, with service priced at $99 a month, in addition to a $499 upfront cost to order the Starlink Kit that includes as user terminal and Wi-Fi...
    The Netflix logo is shown in this illustration photograph in Encinitas, California.Mike Blake | Reuters Check out the companies making headlines in midday trading.  Netflix — Shares of the streaming giant popped 14% after the company's fourth quarter report beat Wall Street expectations for revenue and subscribers, which topped 200 million. Netflix also said it would consider stock buybacks and it expects to break even on a cash flow basis this year. Netflix earned upgrades from Wells Fargo and UBS, boosting sentiment further. Penn National Gaming — Credit Suisse initiated coverage on the sports-betting company with an outperforming rating, sending shares up 5%. The Wall Street firm said the company has the potential to claim leadership in online betting, and that it sees upside to targeted cost savings and better-than-expected margins. Ford Motor — Shares of the automaker jumped 4.6% after Deutsche Bank added a catalyst call or a short-term...
    Tamil actioner Master starring Thalapathy Vijay and Vijay Sethupati is performing amazingly well at the ticket window and also has been garnering positive reviews from the audience as well as critics. The film was released in theatres on January 13, 2021. However, the movie had faced an unfortunate situation where many clips were leaked online prior to its release. After this incident, even the director, Lokesh Kanagraj, had urged all to not circulate the videos. Now, reportedly, the person who had leaked the clips has been identified. That’s not it, as a police complaint also has been registered against him and his company. Fact Check: Thalapathy Vijay’s Master Posters Suggesting its Premiere on Amazon Prime are Fake.  The reports further hint that the film’s makers have demanded a compensation of Rs 25 crore from the person and his company. It also mentions that the videos were leaked by an employee...
    . Mexicana Orbia appoints new CEO MEXICO CITY, Jan 20 (.) – The Mexican petrochemical company Orbia appointed Sameer Bharadwaj as its new CEO, replacing Daniel Martínez-Valle, who resigned to undertake other projects after three years in that role. Orbia, formerly called Mexichem, reported that Martínez-Valle’s resignation will take effect as of February 1 and occurred by mutual agreement with the company’s Board of Directors, according to a statement sent to the local stock exchange on Tuesday night. .
    Naturally, LG has also been showing off its rollable phone, which was expected to debut at some point this year. That, however, is likely to sit in the ultra-premium tier, and may not be enough to reverse LG’s ever-dwindling market-share which StatCounter said had fallen to 1.7 percent in December 2020. That same month, LG announced that it would outsource the design and construction of its low-end phones to third-party ODM manufacturers.  In his message to employees, Kwon reportedly said that 60 percent of the employees would be re-assigned to other parts of LG’s business. It’s not clear if the other 40 percent will remain in the far smaller mobile arm or let go, although it’s likely that LG will need to retain some of that institutional knowledge. One of the reasons that Sony kept its mobile division running so long is to ensure it can leverage the technologies used...