DIRS.INFO The most relevant business & tech news

“What we are in now is a production war,” a senior NATO official told CNN. “The number one issue that we’re watching right now is the munitions,” the NATO official said. There is also a limit to Russian production capacity, officials say: Russian factories will likely hit a peak sometime in the next year. “If we were talking about this last fall, we would have talked about how they were targeting critical infrastructure,” the NATO official said. “In the short term — say, the next 18 months or so — it may be unsophisticated, but it’s a durable economy,” the NATO official said.

Persons: ”, Abrams, “, — “, Joe Biden, Inna Varenytsia, it’s, Putin’s, Steven Basham, “ It’s, Maxym, Russia’s ‘, Basham Organizations: CNN, Army, NATO, ”, Reuters, Ukraine, European Command, US Army, ” Intelligence, US European Command, Pentagon Locations: Russia, Europe, Ukraine, Kyiv, Ukrainian, Avdiivka, that’s, Iran, North Korea, Kreminna, Germany, Pennsylvania , Iowa, Texas, Moscow, Tehran, Bohorodychne, Donetsk, Russian

STANFORD, Calif. (AP) — Stanford's Tara VanDerveer tied Mike Krzyzewski as the winningest coach in college basketball history with her 1,202nd victory Friday night, guiding the No. VanDerveer can set the record Sunday, when she goes for 1,203 as Stanford (16-2, 5-1 Pac-12) hosts Oregon State. A couple dozen former Stanford players are expected to be on hand for the potential milestone. Cardinal players hugged their smiling coach and lifted her up in celebration after the teams shook hands. Stanford: VanDerveer has just one losing season, going 13-15 in her first campaign at Stanford in 1985-86.

Persons: —, Tara VanDerveer, Mike Krzyzewski, Cameron Brink, VanDerveer, Cardinal, Brink, Kiki Iriafen, K's, Kennedy, Chance Gray, Stanford Organizations: STANFORD, Calif, Cardinal, Oregon, Stanford, Oregon State, Sunday, Ohio State, Duke, Army, Ducks, Olympic, Atlanta Games, AP, womens Locations: Oregon, Colorado, Idaho, Bay, Arizona, Eugene, California

☆ How much is a good night's sleep worth? A lot to these stocks
▼ + stars: | 2023-09-04 | by ( Michelle Fox | ) www.cnbc.com time to read: +13 min

In fact, some 63% of U.S. adults sleep less than the recommended seven to nine hours a night, according to the National Sleep Foundation's Sleep Health Index. There are a myriad of products in the sleep arena — from mattresses and sleep supplements to sleep apnea devices and tech wearables that track sleep. Treating sleep conditions Health conditions can also impact the ability to get a good night's rest, like insomnia and sleep apnea. Obstructive sleep apnea causes breathing to be interrupted during sleep. About half of those surveyed in its obstructive sleep apnea patient survey in July said they had never heard of Inspire.

Persons: Anna Pione, they'll, Seth Basham, Basham, Tempur Sealy, " Basham, It's, Stefano Natella, Natella, it's, Ollie, Seamus Fernandez, Philip's, Philips, Eli Lilly, Eli Lilly's, Guggenheim's Fernandez, Michael Farrell, we've, Fernandez, Novo, wearables, Gene Munster, Jason Ware, Ware, Pione, Michael Bloom Organizations: McKinsey, International Sleep Products, Sealy International, Mattress, Sealy, Centers for Disease Control, Guggenheim, CDC, Unilever, American, of, Care, American Medical Association, Bank of America Securities, Medical Systems, Bank of America, Inspire, Novo Nordisk, Garmin, Apple, Deepwater Asset Management, Apple Watch, Albion Financial, Munster Locations: U.S, dreamland, Mizuho, Novo

☆ Battered Basham on the bench for Wales against South Africa
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +2 min

CARDIFF, Aug 16 - Wing Alex Cuthbert and centre Johnny Williams return to the starting XV for Wales as they look to match South Africa’s physicality in Saturday’s Rugby World Cup warm-up clash in Cardiff, while loose-forward Taine Basham will be on the bench. A stringent three stage protocol was followed and Basham was given the all-clear this week. Hardy will have experienced flyhalf Dan Biggar alongside him, while Mason Grady partners Johnny Williams in the midfield. Elliot Dee is the starting hooker with rookie props Corey Domachowski and Keiron Assiratti either side of him. "We’re expecting confidence and physicality from South Africa.

Persons: Alex Cuthbert, Johnny Williams, Taine Basham, Basham, England flyhalf Owen Farrell, Farrell, Scrumhalf Kieran Hardy, Warren Gatland, Hardy, Dan Biggar, Mason Grady, Liam Williams, Cuthbert, Rio Dyer, Jac Morgan, Dan Lydiate, Aaron Wainwright, Ben Carter, Will Rowlands, Elliot Dee, Corey Domachowski, We’re, there’s, ” Gatland, Kieran Hardy, Sam Parry, Nicky Smith, Henry Thomas, Teddy Williams, Tomos Williams, Max Llewellyn, Cai Evans, Nick Said Organizations: CARDIFF, Wales, Rugby, England, ” Wales, Twickenham, . Wales, Thomson Locations: Cardiff, South Africa

☆ England's Farrell has red card overturned
▼ + stars: | 2023-08-15 | by ( Mitch Phillips | ) www.reuters.com time to read: +3 min

However, Farrell argued that the offence was worthy of only a yellow card and the independent judicial committee agreed. "After reviewing all the evidence... the committee concluded that the Foul Play Review Officer was wrong, on the balance of probabilities, to upgrade the yellow card issued to the player to a red card," the committee said in a statement. In the Committee’s opinion, this mitigation was sufficient to bring the player’s act of foul play below the red car threshold. Unlike the Foul Play Review Officer the committee had the luxury of time to deliberate and consider, in private, the incident." The bans that are being put in place for foul play are not stringent enough.

Persons: Owen Farrell, Farrell, Taine Basham, Basham, Alix Popham, ” Popham, “ Farrell, Mitch Phillips, Pritha Sarkar Organizations: Wales, Saracens, Ireland, Argentina, Thomson Locations: England, Wales, Fiji, Japan

☆ Analysis: Bed Bath's novel deal is no universal dodge-bankruptcy card
▼ + stars: | 2023-02-17 | by ( Shankar Ramakrishnan | ) www.reuters.com time to read: +5 min

It's unclear whether Bed Bath can capitalize on the breathing room to turn around its business, which has been battered by competition from other online and brick-and-mortar retailers. A spokesperson for Hudson's Bay declined to comment, while Bed Bath & Beyond did not respond to requests for comment. To secure the Hudson's Bay investment, Bed Bath offered a deal that guarantees the hedge fund a lucrative return in most circumstances. It is not clear how much of the stock Hudson's Bay has converted and sold since it inked the deal with Bed Bath on Feb. 6. The deal is very dilutive for other Bed Bath investors, who will end up owning 80% less if the company survives.

☆ Bed Bath & Beyond plunges after last-ditch effort to avoid bankruptcy
▼ + stars: | 2023-02-07 | by ( ) www.reuters.com time to read: +1 min

Feb 7 (Reuters) - Shares of Bed Bath & Beyond Inc (BBBY.O) fell more than 30% in premarket trading on Tuesday after the retailer's plans to raise about $1 billion through an offering failed to convince investors the company could avoid bankruptcy. "Unfortunately, we see a low probability that the company will be able to raise equity and view this as a 'last gasp' before filing for bankruptcy protection," Wedbush analyst Seth Basham said. Reuters reported late last month Bed Bath & Beyond was preparing to seek bankruptcy protection and had lined up liquidators to close additional stores unless a last-minute buyer emerged. Bed Bath & Beyond's shares closed more than 92% higher in the last session on interest from retail traders. A part of the meme stock phenomenon, Bed Bath & Beyond stock surged to as high as $30 in August when activist investor Ryan Cohen took a stake in the company and pushed for changes.

Organizations: & $

☆ Bed Bath & Beyond stock is headed to $0 as the struggling retailer works on a 'last gasp' effort to stave off bankruptcy, Wedbush says
▼ + stars: | 2023-02-07 | by ( Carla Mozée | ) www.businessinsider.com time to read: +3 min

Bed Bath & Beyond's price target was cut to $0 at Wedbush Securities on Tuesday. The struggling retailer is rushing to raise funds to avoid bankruptcy but it's facing a slate of high-execution risks. Bed Bath & Beyond's market capitalization was around $372 million as of Tuesday, far below its peak of $6.4 billion in January 2021. Bed Bath & Beyond, which missed a bond payment this month, said plans to close an additional 141 stores. Wedbush estimated that additional capital coming into Bed Bath & Beyond would provide it with "just a few more quarters" to turn around its operations.

☆ Chewy Looks to Open More Automated Fulfillment Centers in Drive to Control Costs
▼ + stars: | 2023-01-03 | by ( Nina Trentmann | ) www.wsj.com time to read: +5 min

Online pet retailer Chewy Inc. plans to open more automated fulfillment centers in 2023 to control costs and raise efficiency, which could help the company repurpose certain capital spending, its finance chief said. Photo: Chewy Inc.“When we think about the future of our fulfillment network, automation is at the center of that,” Mr. Marte said. The company, which had over 21,000 employees and 13 fulfillment centers in December, usually requires about 1,200 people for a manned distribution center. “Those are real dollars,” Mr. Marte said, adding that Chewy is working to grow profits and taking out costs. Over time, the company could defer or lower some of its capital expenditures, Mr. Marte said.

☆ Used-car retailer Carvana slumps after Wedbush says bankruptcy risk rising
▼ + stars: | 2022-12-07 | by ( ) www.reuters.com time to read: +2 min

Brokerage Wedbush also downgraded its rating on the stock to 'underperform' from 'neutral,' sending Carvana's shares to a record low. "Many (Carvana) bonds have been trading at about 50 cents on the dollar, indicating investors see a high probability of default," said analyst Seth Basham, in a note titled 'Bankruptcy risk rising.' Carvana has suffered from waning used-car demand and high costs, forcing it to undertake job cuts to rein in expenses. As a result, its stock has fallen nearly 100% this year, hitting record lows in the process. Reporting by Priyamvada C, Medha Singh, Sruthi Shankar in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

☆ Wedbush downgrades Carvana, sees stock dropping to $1 as bankruptcy risk rises
▼ + stars: | 2022-12-07 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Bankruptcy is becoming more likely for beaten-down car seller Carvana , according to Wedbush Securities. Analyst Seth Basham downgraded the online used car retailer's stock to underperform from neutral and slashed his price target to $1 from $9 per share. Basham said a restructuring would allow to company to bring down its annual interest expense burden of more than $600 million. It's the latest news in a year that's pummeled the car platform's share value. In 2022 alone, the share value has dropped 97.1% from where it began the year.

☆ Carvana shares tank as bankruptcy concerns grow for used car retailer
▼ + stars: | 2022-12-07 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

Ernest Garcia III, CEO of Carvana, speaks to CNBC on the floor of the New York Stock Exchange, March 7, 2019. Shares of Carvana plummeted by more than 40% in Wednesday morning trading after the embattled online used car retailer's largest creditors signed a deal binding them to act together in negotiations with the company. Such creditor agreements are viewed as a way to streamline negotiations around new financing or a debt restructuring. JPMorgan said Wednesday that the creditor deal signals that Carvana "may have initiated debt restructuring negotiations with bond holders" but the "possibility of imminent Ch. Carvana's stock has plummeted by about 97% this year after reaching an all-time intraday high of $376.83 per share on Aug. 10, 2021.

☆ Carvana plunges 45% as major creditors reportedly form pact to cooperate on restructuring
▼ + stars: | 2022-12-07 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Carvana stock plunged 45% to a record low on Wednesday after a report of a pact between creditors. The pact was signed by 70% of Carvana's unsecured debt holders, and it is designed to prevent a nasty creditor fight if Carvana goes bankrupt. About 70% of Carvana's unsecured debt holders, representing about $4 billion, joined in on the cooperation agreement. Wedbush downgraded Carvana to Underperform from Neutral on Wednesday in response to the Bloomberg report of creditors teaming up. The stock hit a record low of $3.71 in early Wednesday trades, representing a 99% decline from its 2021 high of $376.83.

☆ Analysts love these retail stocks as the holiday season ramps up
▼ + stars: | 2022-11-27 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

However, investors have gotten a mixed picture of the retail landscape from company earnings, U.S. retail sales figures , consumer sentiment data and the still-high inflation that continues to plague shoppers. Using data from FactSet, CNBC Pro screened for retail stocks that may offer some certainty for investors. Auto retailer Lithia Motors is also on the list, with potential upside to the average price target of 36.3%. He reiterated the firm's outperform rating and raised his price target on the shares. The stock price has risen this year, by 17%.

☆ Carvana downgraded by Wedbush with shares down 90% this year and business model 'sputtering'
▼ + stars: | 2022-10-18 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

The once-blazing Carvana is stalling as the market for used cars shrinks and issues with its business model become harder to gloss over, according to Wedbush. Analyst Seth Basham downgraded the stock to neutral and cut the price target a whopping 70% to $15, now implying the stock has downside of 17.7%. The online platform for used cars was a pandemic winner as economic shutdowns led consumers away from car lots and toward its website. Its pandemic closing high of $360.98 in August 2021 was nearly 300% higher than its trading value at the start of 2020. Basham said the downgrade stems not just from sliding demand, but from concerns over how Carvana does business as the company's cost base is too high.

Search resuls for: "Basham"

15 mentions found