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☆ Eurovision braces for its most tense contest yet, as protesters and artists bristle at Israel’s presence
▼ + stars: | 2024-05-06 | by ( Rob Picheta | ) edition.cnn.com time to read: +10 min

The competition – which tries desperately to retain its “apolitical” tag – has become the largest cultural event so far to be rocked by the repercussions of Israel’s war in Gaza. Those protesting or boycotting the song contest claim it is “artwashing” the conflict; others defend Israel’s inclusion, insisting the contest should not be dragged into geopolitics. It doesn’t make sense,” Bambie Thug, Ireland’s participant, told CNN of extensive rules restricting any form of pro-Palestinian statement during the event. Ireland's Bambie Thug told CNN they disagreed with Israel's involvement in the competition. Long-standing rules preventing flags of non-competing countries and territories mean that Palestinian flags are banned from the crowd, which Bambie Thug told CNN they “100%” disagreed with.

Persons: ” Paul Jordan, ”, Weeks, Eden Golan, ” Jordan, “, Carlos Garcia Rawlins, Bambie Thug, Patricia J, Garcinuno, Noel Curran, KAN, ” Curran, Golan, Fredrik Persson, –, SuRie, Karin Karlsson, Karlsson, ” Elina Pahnke, Johan Nilsson, Saturday’s, Mohammad Ghannam, ” Lara Yosef, ” Yosef, ” Bambie Thug, Alyona Alyona Organizations: CNN, Music, Malmo, Eurovision, European Broadcasting Union, EBU, TT, Agency, AFP, Getty, Malmo Arena, Artists, Aftonbladet, Israel’s National Security Council Locations: Swedish, Gaza, Israel, Malmo, Azerbaijan, Russia, Ukraine, Stockholm, Sweden's, seeping, Sweden’s Palestinian, Denmark, Norway, Sweden, “

☆ The portfolio manager whisperers
▼ + stars: | 2024-05-03 | by ( Alex Morrell | ) www.businessinsider.com time to read: +24 min

AdvertisementHistorically, a hedge fund's chief investment office or senior portfolio manager was responsible for vetting and wooing key investment hires. They can also help hedge funds save on outside recruiting costs, which can add up to tens of millions a year. Hedge funds targeted institutional salespeople at investment banks with exposure to hedge funds, as well as asset allocators with chops in portfolio-manager selection and due diligence. Assets at multimanager hedge funds have boomed since 2018. The principle may work for fictional baseball diamonds, but the reality at hedge funds is more complicated.

Persons: Taylor Swift, Travis Kelce, Goldman Sachs, —, That's, headhunter who's, liken, Nick Saban's, Midlevel, headhunter, Ken Griffin, Michael Kovac, execs, Jennifer Blake, BD Thomas DeAngelis, Walleye Capital Paritosh Singh, Americas Michael Grad, BlueCrest Lindsay Previdi, Point72, Freestone Grove Matthew Giannini, Ken Griffin's, ExodusPoint, Brevan Howard, breakneck buildout, Michael Gelband —, Jonathan Hoffman, Alexander Phillips, ExodusPoint's, Millennium's Izzy Englander, noncompetes, Millennium Management Amanda Gordon, multimanagers, who've, Goldman, Schonfeld, Brevan Howard —, Neil Chriss, Harry Schwefel, Jonathan Brenner, Walleye's, Thomas DeAngelis, DeAngelis, Brenner, DeAngelis hasn't, Kansas City Chiefs Travis Kelce, Erick W, Rasco, Donald Trump's, America couldn't, Citadel execs Todd Barker, Daniel Morillo —, Jeff Runnfeldt, Bobby Jain, allocator Organizations: NFL, Business, Citadel, BD, University of Alabama, execs, Balyasny, Walleye Capital, Millennium, Americas, Freestone Grove, — Citadel, Walleye, BI, Costco, Millennium Management, Bloomberg, Getty, Investor, Barclays, Barclays Capital Solutions, Brookfield, Paloma Partners, Kansas City Chiefs, San Francisco 49ers, Allegiant, Getty Images, Black, Investors, ex, Fortress Locations: America, multimanagers, —, Hudson Bay, Schonfeld, Israel, multimanager, Europe, Middle East, Africa, Vegas, Balyasny

☆ How universities are cracking down on a swell of tension months into student protests over Israel’s bombardment of Gaza
▼ + stars: | 2024-04-28 | by ( Dakin Andone | ) edition.cnn.com time to read: +17 min

Soon, dozens more students protesting the monthslong assault on Gaza were arrested at New York and Yale universities. Ash told CNN he was one of 20 students arrested following a sit-in on November 8. The charges were later dropped, according to the Brown Daily Herald, but 41 students arrested the following month in similar circumstances still face charges, which protesters now want dropped. Separately, the referendum on the BDS resolution “did not move forward because of potential conflict with federal and state laws,” the university told CNN in a statement. Police then were aggressive, Agrawal told CNN.

Persons: strode, –, Jordan Vonderhaar, that’s, Zach Greenberg, ” Greenberg, ” “, ”, Dima Khalidi, “, Greenberg, …, Arman Deendar, Rafi Ash, Ash, ” Ash, Richard Vogel, Jack Petocz, Petocz, Vanderbilt, Samson Zhang, Alexander Hall, Pitzer, Mita Banerjee, Banerjee, ” Arrestees, Natascha, Shubh Agrawal, Agrawal, Colleen Mastony, Israel, Grace Hie Yoon, Adam Lehman, who’ve, they’re, ” Lehman, CNN’s Dana, Israel –, Palestine Legal’s Khalidi, ” Khalidi, CNN’s Nicquel Terry Ellis, Chelsea Bailey, Isabel Rosales, Devon Sayers Organizations: CNN, New York’s Columbia University, Yale, University of Texas, University of Southern, Emory University, Boston’s Emerson College, Indiana University, George Washington University and California State Polytechnic, Humboldt, Bloomberg, Getty, Foundation, Rights, ”, White, Palestine, Brown University, Brown Daily Herald, University Public, Vanderbilt University, Vanderbilt, Coalition, ” Vanderbilt University, Community, Officer, Barnard College, Harvard University, Boston, Pomona College, Claremont Colleges, Pomona, Pomona College’s, for Justice, ” Claremont Police, Pro, Palestinian, George Washington University, University of Michigan’s, Investment, University of Michigan, Police, New York University, New, Civil Liberties Union, Anadolu Agency, Jewish, Hillel International Locations: New, Gaza, New York, Austin, University of Southern California, Atlanta, Israel, Rhode Island, Los Angeles, Nashville, Florida’s, Southern, Palestine, TAHRIR, “ City, Vietnam

☆ What the pro-Palestinian protesters on college campuses actually want
▼ + stars: | 2024-04-26 | by ( Matt Egan | Ramishah Maruf | ) edition.cnn.com time to read: +8 min

“We are not going anywhere until our demands are met,” Khymani James, a student at Columbia University, said during a news briefing Wednesday. Student demonstrators occupy the pro-Palestinian "Gaza Solidarity Encampment" on the West Lawn of Columbia University on April 24, 2024 in New York City. The Columbia protesters are also calling for the university to “disclose and sever all ties” with the New York Police Department. For example, Columbia protesters want the university to sever ties with the school’s center in Tel Aviv and a dual degree program with Tel Aviv University. New York University protesters use the school’s Tel Aviv center as a rallying cry as well.

Persons: ” Khymani James, Michael M, “, Mike Johnson, Charlie Eaton, ”, It’s, Mark Yudof, it’s, ” Yudof, Yudof, he’s, Jonathan Macey, Macey, ” Lauren Post, don’t, Cary Krosinsky, Lockheed Martin, Basil Rodriguez, Rodriguez, ” Rodriguez, John Towfighi Organizations: New, New York CNN — College, Hamas, Universities, Columbia University, Student, Lawn of Columbia University, Getty, University of Southern, ”, Princeton University, Ivy League, Columbia University Apartheid, Columbia, New York Police Department, Students, Tel Aviv University . New York University, Republican, University of California, “ Bankers, Yale Law School, Defamation League, Post, ADL, Yudof, BDS, Universities don’t, Yale, Lockheed, Raytheon, CNN Locations: New York, America, Israel, Gaza, Palestinian, New York City, University of Southern California, Harlem, Columbia, Tel Aviv, South Africa, Merced, Ivory, Iran, Russia

☆ Morocco's hashish dealers boycott Israeli traffickers in solidarity with Gaza, says report
▼ + stars: | 2024-02-17 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +4 min

Dealers of highly-prized Moroccan hashish are severing ties with Israeli drug smugglers. They are boycotting Israeli dealers in protest at the killing of Palestinians in Gaza, said a report. AdvertisementMoroccan hashish dealers are severing ties with Israeli drug smugglers amid the ongoing war in Gaza, per a report in Israeli media. "The hashish dealers in Morocco are not willing to sell us more hashish either directly or through intermediaries," a drug offender from Sharon told Mako , an Israeli news portal, reports. The Moroccan hashish boycott echoes the Palestinian-led Boycott, Divestment, Sanctions (BDS) movement.

Persons: —, Sharon, Mako, siad, Abu Mustafa, Merchants Organizations: Service, Cannabis Museum, Hamas, REUTERS, IDF Locations: Gaza, Morocco, Israeli, Amsterdam, Israel, Gaza City, Moroccan

All have been hit by a boycott campaign over Israel's military offensive in the Gaza Strip since the deadly Hamas attack in southern Israel on Oct. 7. Western brands are feeling the impact in Egypt and Jordan, and there are signs the campaign is spreading in some other Arab countries including Kuwait and Morocco. Videos have circulated of what appear to be Israeli troops washing clothes with well-known detergent brands which viewers are urged to boycott. In Kuwait City on Tuesday evening, a tour of seven branches of Starbucks, McDonald's and KFC found them nearly empty. Previous boycott campaigns in Egypt, the Arab world's most populous nation, had less impact, including those advocated by the Palestinian-led Boycott, Divestment, Sanctions (BDS) movement.

Persons: Mohamed Abd, Reham Hamed, Ahmad al, McDonald's, Jordan, Hossam Mahmoud, Sameh El Sadat, executive's, Issam Abu Shalaby, Farah Saafan, Sarah El Safty, Mai ShamsElDin, Suleiman Al, Ahmed Hagagy, Jonathan Spicer, Aidan Lewis Organizations: Hamas, REUTERS, Gaza, U.S, Kuwait City, McDonald's, KFC, McDonald's Corp, Reuters, BDS, Starbucks, TBS Holding, Malaysian, Cola, Nestle, Turkish, Israel, United Arab, Thomson Locations: Kentucky, Egypt, Gaza, Israel, Palestinian, Cairo, CAIRO, Jordan, Kuwait, Morocco, Amman, Rabat, BDS Egypt, Egyptian, Malaysia, Putrajaya, Saudi Arabia, United Arab Emirates, Tunisia, Khalidi, Danial Azhar, Kuala Lumpur, Kuwait City, Istanbul

Among the catalysts are Palestinian and Jewish-led groups that have been active for years in opposing Israeli policies toward the Palestinians and who now demand a cease-fire in Gaza. The groups have roots in a movement known as BDS, which calls for the boycott, divestment and sanction of Israel. That campaign generated heated rhetoric long before Hamas militants attacked Israel on Oct. 7 and Israel launched its counteroffensive. Advocates wrote op-eds for campus newspapers with appeals to protect Palestinian human rights, often accusing Israel of colonialism and racism. Protests have led to disruptions on Capitol Hill, at a major train station in Chicago and New York City’s Grand Central Station.

Persons: Brant Rosen, IFNOTNOW IfNotNow, “ Young, ”, IfNotNow, ” Eva Borgwardt, ” IfNotNow, Ron Liebowitz, Brandeis, Ron DeSantis’s, Israel, Tom Horne, Hollingsworth, Crary, Anita Snow Organizations: Israel, New York, Grand, Station, Democratic, Committee, Jewish Voice, Peace, Twitter, Columbia University, Rabbinical, Defamation League, JVP, Zionist, “, Palestinian, JUSTICE, PALESTINE, Justice, Brandeis University, American Jewish, Brandeis, Republican Florida Gov, Virginia Attorney, Brown University, UNICEF, Amnesty International, Local, Lilly Endowment Inc, AP Locations: Israel, Gaza, there’s, United States, Chicago, New, Washington, Palestine, U.S, Canada, ”, American, Toledo , Ohio, Virginia, Scottsdale , Arizona, Mission , Kansas, New York, Phoenix

☆ Boycotting the Jews Reaches the West Bank of the Delaware
▼ + stars: | 2023-11-06 | by ( Sierra Dawn Mcclain | ) www.wsj.com time to read: 1 min

Journal Editorial Report: Pushback emerges among donors and employers. Images: AP Composite: Mark KellyThe “boycott, divestment and sanctions” movement, or BDS, seeks to strangle Israel economically. It has gone after international tech giant Hewlett Packard Enterprise for allegedly doing business with Israel’s government, as well as Sabra, a food company with Israeli ownership. But BDS also seeks to harm more-vulnerable targets: small businesses. On Oct. 30, the Philly Palestine Coalition posted on Instagram urging its 15,000 followers to boycott Philadelphia restaurants that are “owned by Zionists,” serve Israeli food, raise money for Israel, or are owned by Philadelphia-based Starr Restaurants.

Persons: Mark Kelly The, Israel, Sabra, ”, Starr Organizations: Hewlett Packard Enterprise, Philly Palestine Coalition, Philadelphia, Israel Locations: Philadelphia

☆ Adidas and Puma eye chances in soccer's fashion moment
▼ + stars: | 2023-11-01 | by ( Helen Reid | Thomson Reuters | London-Based Reporter Covering The European Retail Sector Through A Global Lens. Focusing On Companies Including Adidas | ) www.reuters.com time to read: +5 min

One Premiership team has hired a creative director to expand its apparel offering, while Adidas in September launched an "exclusively off-pitch" apparel collection for some of the big-name teams it sponsors. "The love-in between football and fashion is only just beginning," said Richard Busby, CEO at sponsorship consultancy BDS Sponsorship. In August, Crystal Palace hired Kenny Annan-Jonathan as creative director focused on apparel. "We are experiencing hype around football jerseys and general designs influenced by football culture across streetwear and fashion," said Puma's global creative director Heiko Desens. "There's a risk of tension with existing fans whenever you start moving beyond the core culture," said Athens Kallithea's president and creative director, Ted Philipakos.

Persons: Asanka Brendon Ratnayake, Kim Kardashian, Richard Busby, Mary Earps, Busby, Kardashian, Germain, Mia Regan, Kenny Annan, Jonathan, GlobalData, Heiko Desens, Puma, popstar, cleats, Pele, Rihanna, Graham Renwick, Prada, Ted Philipakos, Philipakos, Helen Reid, Catherine Evans Organizations: Soccer Football, FIFA, England, Soccer, LONDON, Adidas, Puma, Nike, Greek, Athens Kallithea, Paris Saint, Arsenal, Crystal Palace, Premier League club, FOOTBALL, Bayern Munich, Juventus, Manchester United, Real, Liverpool, Newcastle United, Italy's Venezia FC, Athens Kallithea's, Premier League, Bundesliga, Thomson Locations: New Zealand, Spain, Australia, Sydney, Brazilian, Real Madrid, Italian, Athens

☆ Boeing's now lost more than $2 billion on the new Air Force One planes – and has Donald Trump to blame
▼ + stars: | 2023-10-27 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

Boeing lost another $482 million in the third quarter on the new Air Force One aircraft. AdvertisementAdvertisementBoeing lost another $482 million on building two planes that will become the new Air Force One, according to its latest earnings report. Known as VC-25Bs, the new aircraft will be larger and more fuel efficient, allowing the US Air Force to save roughly $1.9 billion in operations and maintenance costs during the jets' 20 to 30-year lifespans. When Air Force One was last replaced during the George H.W. Revenue rose 13% to $18.1 billion, reflecting the delivery of 105 commercial aircraft, while the net loss narrowed from $3.3 billion to $1.6 billion.

Persons: —, Donald Trump, George H.W, Dave Calhoun, Calhoun Organizations: Boeing, Air Force One, Service, Air Force, US Air Force, CNN, White, Los Angeles Times, Force, Defense, Security, Revenue Locations: Bush

☆ Boeing struggles to steer defense unit in another year of losses
▼ + stars: | 2023-10-27 | by ( Valerie Insinna | ) www.reuters.com time to read: +5 min

The Boeing KC-46 Pegasus aerial refueling tanker is seen before a delivery celebration to the U.S. Air Force in Everett, Washington, U.S., January 24, 2019. Despite absorbing $4.4 billion in losses in 2022 – which executives said would lower the risk of future cost overruns – the unit has seen little improvement this year. Excluding last year, losses on Boeing's defense programs in 2023 exceed those from all years since 2014, according to a Reuters review of Boeing’s regulatory filings. The latest charge for Air Force One brought total losses to $2.4 billion on a $3.9 billion contract to develop two planes. A better bet, and one Boeing's defense segment is aggressively pursuing, is inking future contracts for next-generation fighter jets and cutting-edge drones.

Persons: Lindsey Wasson, Lockheed Martin, Brian West, Byron Callan, ”, Seth Seifman, JP Morgan, “, NASA's, West, there's “, Richard Aboulafia, ” Aboulafia, Valerie Insinna, Rod Nickel Organizations: Boeing KC, Pegasus, U.S . Air Force, REUTERS, Rights, Air Force, Boeing, Lockheed, General Dynamics, Capital Alpha Partners, U.S . Defense Department, NASA, BDS, Boeing Defense Space, U.S . Air Force's KC, KC, Thomson Locations: Everett , Washington , U.S, Ukraine

☆ Harvard and UPenn donors are furious. It may have a financial domino effect
▼ + stars: | 2023-10-19 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +9 min

Donors often give for specific purposes — facilities, faculty research, technology on campus, athletics, scholarships and financial aid for low-income students. The Wexner Foundation said it’s breaking off ties with Harvard University, alleging the school has been “tiptoeing” over Hamas’ attacks. Lawrence Summers, the former president of Harvard and US Treasury Secretary, has criticized the “morally unconscionable” student statement and Harvard leaders’ response. But he said that financial threats from donors were not the right solution to influencing universities’ positions on these issues. Organizers of the Palestine Writes festival denied that it embraced antisemitism, according to UPenn student newspaper The Daily Pennsylvanian.

Persons: ”, Lee Gardner, Adam Glanzman, Sara Harberson, ” Gardner, “, Indiana University’s, ” Harvard, Harvard “, Leslie Wexner, Abigail, Charles Mostoller, Claudine Gay, Boycott, Lawrence Summers, ” Summers, Jon Huntsman, Marc Rowan, Billionare Ronald Lauder, Susan Abulhawa, ” UPenn, Liz Magill, ” Magill Organizations: New, New York CNN, Harvard University, University of Pennsylvania, Ivy League, Harvard, Higher Education, Philanthropy, Bloomberg, Getty, “ Ivy League, Indiana, Indiana University’s Lilly Family School, “, ”, “ Revenue, Wexner Foundation, Palestinian, College Hall, Israel, Israel Fellows, Wexner, US, CNN, Wall, Daily, University Locations: New York, Israel, UPenn, United States, Philadelphia , Pennsylvania, U.S, “, Palestine, Palestinian

☆ For Palestinian Americans and activists, doxxing is nothing new
▼ + stars: | 2023-10-15 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +8 min

CNN is not naming the site because it reveals the identities of students and other individuals without their consent. A conservative nonprofit said it organized the truck featuring the virtual billboards with students’ names and images under a banner that reads: “Harvard’s Leading Antisemites.”Palestinian human rights activists say doxxing is nothing new. They told CNN they’ve feared losing jobs and endured psychological harm for advocating for fair treatment of Palestinians under occupation – or for simply being Palestinian themselves. Doxxing is the release of personal information without a person’s consent, often with malicious intent, according to the International Encyclopedia of Gender, Media, and Communication. Despite the reality of harassment for Palestinian Americans, the student said, the current sense of hysteria on the Harvard campus is unprecedented.

Persons: Fouad Abu, Israel, Hijleh, “, CNN they’ve, ” Abu, ”, ” Dylan Saba, ” Saba, ” Lena Ghrama, ” Ghrama, Ghrama, ” Harvard Hillel, Meredith Weenick, Bill Ackman, UC Berkeley Law Dean, Erwin Chemerinsky Organizations: New, New York CNN, University of North, CNN, West Bank, Harvard, International, Gender, Media, Communication, Facebook, ” CNN, Palestinian, UN, Palestine, City University of New York School, Law, ”, Jewish, Holocaust, Alliance, Harvard University, University of California, Department of Education, Daily Cal, UC Berkeley Law, Justice, Peace, “ Locations: New York, Jordan, University of North Carolina, Chapel, Abu, Israel, Israeli, Gaza, Palestine, Brooklyn, undergrad, Berkeley

☆ Rep. Rashida Tlaib speaks out on violence in Gaza, calling for an end to 'apartheid' and US funding of Israel
▼ + stars: | 2023-10-09 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +3 min

Rep. Rashida Tlaib released a statement mourning the loss of lives in Gaza and Israel. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementAmid an escalation of violence between Israel and Palestine , Representative Rashida Tlaib — the only Palestinian-American member of Congress — called for an end to US support for Israel. On Sunday, Prime Minister Benjamin Netanyahu formally declared war on Palestinian militant group Hamas following a surprise attack on Saturday from Gaza.

Persons: Rashida Tlaib, —, Tlaib, Israel's, Bernie Sanders, Benjamin Netanyahu Organizations: The Palestinian, Service, Israel, Congressional Progressive Caucus, United Nations, Hamas, Palestinian Health Ministry Locations: Gaza, Israel, The, Palestine, Palestinian, United

☆ France's Atos appoints Yves Bernaert as new CEO
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +1 min

The logo of Atos is pictured at the Eurosatory international defence and security exhibition in Villepinte, near Paris, France June 13, 2022. REUTERS/Benoit Tessier/File photo Acquire Licensing RightsCompanies Atos SE FollowOct 4 (Reuters) - French IT firm Atos (ATOS.PA) said on Wednesday it appointed Yves Bernaert as its new chief executive officer, effective immediately. Bernaert has served as the CEO Europe for Accenture Technology for the past nine years. In July 2022, Atos named Nourdine Bihmane for the top job as previous CEO Rodolphe Belmer left the company a month earlier after only a half-a-year stint. Bihmane, who was also co-CEO of the group, now becomes its deputy CEO and is still in charge of the Tech Foundations business, Atos said.

Persons: Benoit Tessier, Yves Bernaert, Bernaert, Atos, Bihmane, Rodolphe Belmer, Philippe Oliva, Michal Aleksandrowicz, Piotr Lipinski, Sharon Singleton Organizations: REUTERS, Accenture Technology, Tech Foundations, Digital, Thomson Locations: Villepinte, Paris, France, French, Atos, Gdansk

☆ Here are Thursday's biggest analyst calls: Meta, Apple, Amazon, GE, Sunrun, Micron, Microsoft & more
▼ + stars: | 2023-09-28 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Citi reiterates Sunrun as buy Citi said it's bullish heading into Sunrun earnings later this quarter. We believe RUN has higher inventory than its peers and will take longer to utilize the higher priced inventory." Bank of America reiterates Meta as buy Bank of America said it's standing by its buy rating on Meta shares after the company's Meta Connect event on Wednesday. Needham reiterates Amazon as buy Needham said investors should buy any dip in shares of the e-commerce giant. Goldman Sachs reiterates Micron as buy Goldman said it's standing by its buy rating on shares Micron after its earnings report on Wednesday.

Persons: BTIG, Evercore, Teradata, Sunrun, it's, Ray Ban Smart, Needham, Wolfe, Bernstein, TSCO, Davidson's, Apple, Goldman Sachs, Goldman, Wendy's Organizations: Citi, UBS, Bank of America, Meta, Boeing, Davidson, Tractor Supply, JPMorgan, Huntington Ingalls Industries, Defense, Microsoft, Apple, Services, Digital Investment Management, Deutsche Bank, General Electric, Deutsche, GE, Emerson Electric Deutsche, Micron Locations: financials

The talks, announced with Kretinsky's EP Equity Investment (EPEI) vehicle, come on top of a 900 million-euro share-sale plan, aimed at further shoring up Atos' balance sheet, the company said. The expected sale would bring in 100 million euros in cash and cut 1.9 billion euros worth of liabilities from the tech company's balance sheet, Atos said. It gives an enterprise value of 2 billion euros to the sold division, named Tech Foundations. Tech Foundations, whose activities generated 4.5 billion euros of revenue last year, offers infrastructure management services. Following the sale of the tech unit, Atos will still rename as Eviden.

Persons: Daniel Kretinsky, Atos, Nathalie Senechault, Paul Saleh, Mathieu Rosemain, Sudip Kar, Edmund Klamann, Sharon Singleton Organizations: PARIS, Kretinsky's, Equity Investment, Tech Foundations, Tech, Casino, Thomson Locations: Czech, Paris, French, France

Atos also said on Tuesday that it plans a 900 million-euro share sale to further shore up its balance sheet. The company said 180 million euros of the shares in the capital raise would be reserved for EPEI, giving it a 7.5% stake in Eviden. The sale of the remaining 720 million euros of new shares will be underwritten by BNP Paribas and JP Morgan, the company said. The expected sale would bring in 100 million euros in cash and cut 1.9 billion euros worth of liabilities from the tech company's balance sheet, Atos said. The sale gives an enterprise value of 2 billion euros to the sold division, which generated 4.5 billion euros of core revenue last year and employs 52,000 people.

Persons: Daniel Kretinsky, Atos, JP Morgan, Nathalie Senechault, Paul Saleh, Mathieu Rosemain, Sudip Kar, Edmund Klamann, Sharon Singleton Organizations: PARIS, Casino, Tech Foundations, Equity Investment, BNP, Thomson Locations: Czech, Europe, France, Eviden

☆ Exclusive: Israeli bid for U.S. visa waiver hangs on Palestinian-American access test
▼ + stars: | 2023-07-19 | by ( Dan Williams | ) www.reuters.com time to read: +4 min

But progress has been hindered because of restrictions on entry to Israel for Palestinian Americans from the Israeli-occupied West Bank. Although it has not been advertised beforehand, Israeli and U.S. diplomatic sources said the trial would start on Thursday. U.S. officials assessing the trial will also focus on whether Palestinian Americans or other Arab Americans are subjected to selective grilling by Israeli security personnel. A U.S. official estimated that, of that number, between 45,000 and 60,000 were residents of the West Bank. An Israeli official gave lower figures, saying that out of 70,000 to 90,000 Palestinian Americans worldwide, about 15,000 to 20,000 were West Bank residents.

Persons: Benjamin Netanyahu's, Eli Cohen, Washington's, Biden, Isaac Herzog, Dan Williams, Edmund Blair Organizations: U.S, Visa, West Bank, U.S . State Department and Homeland Security Department, Ben, Reuters, U.S . Embassy, Interior Ministry, National Security Council, Ben Gurion, BDS, Israel, Arab American Institute Foundation, West Bank ., Thomson Locations: Israel, JERUSALEM, U.S, United States, Palestinian, Ben Gurion, Tel Aviv, Ben, Jordan

PARIS, June 7 (Reuters) - Atos (ATOS.PA), the struggling French IT consulting firm planning to split into two listed entities, said it expected sales at loss-making unit Tech Foundations to hit bottom in 2024. That will see it separate Tech Foundations from Eviden, which groups Atos' most coveted assets such as cybersecurity division BDS and supercomputers. Co-CEO Nourdine Bihmane said on a call with reporters that the split-up plan was "on the verge to be completed in the main countries". He also said plans to sell 700 million euros of assets, deemed crucial to finance the company's turnaround plan, were "almost completed". About 20% of that 1.2 billion-euro turnaround plan, which entails laying off about 7,500 people, has been achieved, he said.

Persons: Atos, Nourdine Bihmane, Mathieu Rosemain, Sudip Kar, Gupta, Mark Potter Organizations: Tech, Eviden, Thomson

☆ Atos' cybersecurity unit drives sales ahead of split
▼ + stars: | 2023-04-27 | by ( Mathieu Rosemain | ) www.reuters.com time to read: +2 min

Home to assets deemed strategic by the French government, Atos is striving to regain investor confidence after several setbacks, heavy losses and sharp stock swings precipitated by governance instability. Eviden groups Atos' most coveted assets such as cybersecurity division BDS and supercomputers, fuelling speculation about interest from other players in the cybersecurity field, such as Thales (TCFP.PA). First-quarter revenue was up 2.8% from a year earlier to 2.81 billion euros ($3.11 billion), beating the analyst consensus provided by the company. Atos said its much-expected shareholder meeting would take place on June 28, amid strong criticism from some investors of board chairman Bertrand Meunier. ($1 = 0.9047 euros)Reporting by Mathieu Rosemain; Editing by Sudip Kar-GuptaOur Standards: The Thomson Reuters Trust Principles.

☆ Airbus drops offer for stake in Atos unit, shares tumble
▼ + stars: | 2023-03-29 | by ( ) www.reuters.com time to read: +2 min

PARIS, March 29 (Reuters) - Airbus (AIR.PA) has decided not to make an offer for a minority stake in Atos' soon-to-be spun-off division Evidian, sending shares in the French IT firm down more than 15%. Its shares plunged on Wednesday after news that Airbus was dropping out of the Evidian deal to close 16.75% lower. "Atos takes note of Airbus' decision to no longer pursue the discussions it initiated in February 2023," it said in a separate statement. At that valuation, a 29.9% share stake in Evidian would have a price tag of 1.2 billion euros. Atos rejected last September an unsolicited offer from rival onepoint and UK private equity fund ICG at an indicative enterprise value of 4.2 billion euros ($4.1 billion).

☆ Atos in talks with Kretinsky over sale of Tech Foundations business-Le Monde
▼ + stars: | 2023-03-01 | by ( ) www.reuters.com time to read: +1 min

PARIS, March 1 (Reuters) - French technology consultancy Atos (ATOS.PA) is in talks with Czech businessman Daniel Kretinsky about the possible sale of its Tech Foundations business, Le Monde reported on Wednesday. According to our information, the management is also talking with Daniel Kretinsky ... who for his part is interested in the group's historic business of IT services Tech Foundations," the French newspaper said. Kretinsky holds a minority stake in Le Monde. Spokespeople for Kretinsky and Atos declined to comment. In October, Atos said it had been approached by several players interested in buying Tech Foundations, which groups activities the company defines as approaching maturity, such as data centres and business process outsourcing.

☆ Hedge fund manager Chris Hohn demands Airbus drop Atos deal - letter
▼ + stars: | 2023-02-20 | by ( Nell Mackenzie | ) www.reuters.com time to read: +2 min

LONDON, Feb 20 (Reuters) - Hedge fund manager Christopher Hohn has written to Airbus (AIR.PA) demanding it drop a deal to purchase a minority stake in French IT consulting firm Atos' (ATOS.PA) soon-to-be spun-off division Evidian. Hohn, who runs hedge fund TCI Fund Management, owns over 3% of Airbus' shares worth more than 4 billion euros ($4.3 billion), the letter said. If successful, the deal would give Airbus some say over Evidian, which groups Atos' most coveted assets such as cybersecurity division BDS and supercomputers. Hohn, in the letter, said if the deal goes through Airbus should disclose what it would spend to pay down any debt or other liabilities of Atos. Airbus shares were down 2% in afternoon trading, while Atos' shares were down 0.3%.

☆ Boeing losses mount on troubled Air Force One program
▼ + stars: | 2022-10-26 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

Boeing previously booked about $1.1 billion in charges on the program since 2020 and has now racked up $1.9 billion in losses on the $4.3 billion program that is up to three years behind schedule. Trump in 2016 had urged the government to cancel purchase of Boeing's new Air Force One saying it was "ridiculous" and too expensive." The planemaker's ailing defense business Wednesday recorded a $2.8 billion charge for a number of programs, including Air Force One. Boeing said the Air Force One losses were "driven by higher costs to incorporate certain technical requirements, increases to factory modification labor and support engineering, schedule delays and higher supplier costs." Boeing Chief Financial Officer Brian West said labor stability issues for Air Force One "are magnified because of the requirements to get security clearances."

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