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☆ Jon Rahm appeals DP World Tour fines in fight to make Ryder Cup
▼ + stars: | 2024-09-12 | by ( Jack Bantock | ) edition.cnn.com time to read: +5 min

CNN —Spanish golfer Jon Rahm appealed against outstanding fines to the DP World Tour on Thursday which had thrown his hopes of competing at next year’s Ryder Cup into jeopardy. That would leave just the French Open and South Korea’s Genesis Invitational as the only other two DP World Tour events that Rahm could feature in this season. I’m not sure,” Lowry told reporters ahead of the Irish Open, the DP World Tour’s latest tournament, on Wednesday. Alberto Pizzoli/AFP/Getty ImagesRahm and Lowry were both captained by Pádraig Harrington during the 2021 Ryder Cup at Whistling Straits in Wisconsin. It’s very important for the Ryder Cup … it’s bigger than just the match.”

Persons: Jon Rahm, year’s Ryder, Rahm, Luke Donald’s, LIV, “ Jon Rahm, ”, Tyrrell Hatton, ‘ I’m, LIV Golf’s, “ I’m, I’ve, ” Rahm, Richard Heathcote, Alfred Dunhill, ‘, Ireland’s Shane Lowry, ” Lowry, I’m, Alberto Pizzoli, Lowry, Pádraig Harrington, Harrington, Donald, ” Harrington, “, Big, Jon, you’ve, That’s Organizations: CNN, LIV, Team Europe, New, European, Madrid, Ryder, Masters, Getty, Andalucia Masters, Paris, BMW PGA, United, United Arab Emirates, Irish, Getty Images, Lowry, Bethpage Locations: Spanish, United States, Rome, New York, Dubai, Saudi, Madrid, Chicago, Scotland, Spain, Dallas, United Arab, AFP, Whistling Straits, Wisconsin

☆ Palo Alto Networks extends recent stock rally on solid earnings. It may be too much, too fast
▼ + stars: | 2024-08-20 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

Wall Street's enthusiastic reaction Tuesday to solid earnings from Palo Alto Networks reinforced our belief that the cybersecurity stock is getting overextended. However, that doesn't mean he's any less bullish on Palo Alto in the long run. PANW YTD mountain Palo Alto Networks YTD Wall Street analysts echoed our bullish sentiments. At least two dozen research firms — including Wells Fargo, Morgan Stanley, JPMorgan, and Goldman Sachs — raised their price targets on Palo Alto, according to FactSet data. To be sure, not everyone on Wall Street is convinced that Palo Alto has significant growth ahead.

Persons: clawing, Jim Cramer, Jim, management's, billings, Wells Fargo, Morgan Stanley, Goldman Sachs —, Palo, Nikesh Arora, Arora, Morgan Staley, Jim Cramer's, Alfred Dunhill, David Cannon Organizations: Palo Alto Networks, Palo Alto, Club, JPMorgan, Management, Palo, UBS, CNBC, Getty Locations: Palo Alto, Palo, Wells, Wells Fargo, United States, St Andrews, Scotland

NASSAU, Bahamas (AP) — Scottie Scheffler made two eagles on Saturday in his round of 7-under 65 that gave the No. Scheffler contending at Woods' tournament in the Bahamas is nothing new — he has been runner-up to Viktor Hovland each of the last two years. Woods being out of the mix is also not unusual, mainly because he typically is recovering from injuries. This is his fifth time playing in the Bahamas, and only once has he finished within 10 shots of the winner. Woods was over par on the back nine for the third straight round, having to settle for a 71 that left him 16 shots behind Scheffler.

Persons: Scottie Scheffler, Scheffler, Matt Fitzpatrick, Woods, Viktor Hovland, “, ” Woods, I've, ”, “ I've, ” Scheffler, Fitzpatrick, birdied, Justin Thomas, Jordan Spieth, Phil Kenyon, I’m Organizations: Riviera, Dunhill, Ryder, Scheffler Locations: NASSAU, Bahamas, Albany

☆ Big Tobacco turns to rooibos tea to counter upcoming ban
▼ + stars: | 2023-10-16 | by ( Emma Rumney | ) www.reuters.com time to read: +5 min

Tobacco companies have yet to publish any research showing the health implications of rooibos or other zero-tobacco sticks, Simonavicius added. PMI (PM.N) CEO Jacek Olczak told shareholders that its zero-tobacco sticks could avoid the regulatory scrutiny that tobacco products face. BAT's zero-tobacco sticks are not subject to current EU tobacco rules, the company told Reuters. That means it can sell rooibos sticks in flavours like peppermint and tropical fruit even after a ban on flavoured heated tobacco products is implemented across the bloc later this month. Across the European Union, heated tobacco products must be taxed at a minimum of 20% of the retail price, though national governments can go higher.

Persons: Erikas Simonavicius, Simonavicius, Philip Morris, Jacek Olczak, Jefferies, Owen Bennett, Bennett, Phil Gorham, Gorham, Fabienne, Morningstar's Gorham, Shabab, Emma Rumney, Matt Scuffham, Kirsten Donovan Organizations: Big Tobacco, British American Tobacco, Union, Tobacco, BAT, Reuters, King's College, King's College London . Tobacco, Philip Morris International, PMI, Rivals Imperial Brands, Japan Tobacco International, Morningstar, EU, Dunhill, Lucky, European Union, University College London . Tobacco, Thomson Locations: Cape, Germany, Greece, King's College London

☆ Britain proposes ban on cigarettes for younger generations
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +3 min

Smoking costs Britain's health services 17 billion pounds ($20.6 billion) a year, he said, adding the government also needed to act on youth vaping. Campaign group Action on Smoking and Health welcomed Sunak's plans, adding they could hasten the day when smoking was obsolete. Imperial Brands (IMB.L), which makes Winston cigarettes and Golden Virginia rolling tobacco, also warned the ban threatened "unintended consequences". REUTERS/Phil Noble/File Photo Acquire Licensing RightsGRADUAL IMPACTThe smoking policy would need to pass a free vote in Britain's parliament. Shares in Imperial Brands fell 3.2% to their lowest since March 2022, while shares in BAT, which has a lower exposure to the British cigarette market, were down 1.2% by 1357 GMT.

Persons: Rishi Sunak, Sunak's, Winston, Phil Noble, Owen Bennett, Bennett, Emma Rumney, Michael Holden, Sachin Ravikumar, Alex Richardson Organizations: Conservative Party, Health, Tobacco Manufacturers Association, Imperial Brands, Dunhill, British, Tobacco, REUTERS, Japan Tobacco, Benson, Hedges, Jefferies, BAT, Thomson Locations: MANCHESTER, England, Virginia, Liverpool, Britain's, Britain, Europe, New Zealand, Denmark

The idea behind the Ryder Cup task force that was formed after the 2014 matches was to build some continuity among the U.S. teams. He had been an assistant four times in the Presidents Cup and Ryder Cup. The key is to see whom Furyk, the 2018 Ryder Cup captain and now the Presidents Cup captain for 2024 in Montreal, selects as his assistants for next year. Former PGA champion David Toms was overlooked as a Ryder Cup captain, just like another PGA champion, Larry Nelson, was before him. DIVOTSRickie Fowler is one of four Americans to have been on a losing Ryder Cup team in Europe at least four times.

Persons: GUIDONIA MONTECELIO, Luke Donald, Bernard Gallacher, Tiger Woods, Phil Mickelson, LIV, Woods, Ben Hogan, Johnson, Jordan Spieth, Justin Thomas, John Lindert, Don Rea, Seth Waugh, Steve Stricker, Davis Love, Fred Couples, Jim Furyk, Stewart Cink, Marco Simone, Matt Kuchar, David Duval, David Toms, Larry Nelson, Toms, he's, Max Homa, Brooks Koepka, ” Jordan Spieth, “, ” Spieth, Si Woo Kim, Kim, Yubin Jang, Wooyoung Cho, “ I've, Danny Oh, Rory McIlroy, McIlroy, Jon Rahm, Collin Morikawa, Xander Schauffele, Arthur Blank, Steve Cohen, DIVOTS Rickie Fowler, Danny Willett, ”, LIV Golf, Louis Oosthuizen, Ludvig Aberg, Swede, ’, ___ Organizations: — Team, Bethpage, Bethpage Black, U.S, Ryder, PGA, FedEx, BMW PGA, South Korea, Asian Games, South, Games, Asian, Sports, SoFi Technologies, ESPN, Atlanta Falcons, New York Mets, SoFi, Ryder Cup, Dunhill, Sanderson, Texas Tech, PGA Tour University, Indiana, Italian Golf Federation Locations: Italy, Saudi, Adare Manor, Ireland, U.S, Montreal, Paris, Europe, England, France, Wentworth, South, China, Thailand, South Florida, Los Angeles, Atlanta , New York, Boston, Saudi Arabia, Mississippi

☆ UK's FTSE 100 slips on dour earnings; NatWest falls
▼ + stars: | 2023-07-26 | by ( Shashwat Chauhan | ) www.reuters.com time to read: +2 min

The FTSE 100 index (.FTSE) lost 0.2%, while the more domestically focussed FTSE 250 midcap index (.FTMC) was flat. UK earnings season picked up pace with Lloyds Banking Group(LLOY.L), Britain's biggest mortgage lender, posting a pre-tax first-half profit below analysts' forecast compiled by the bank. The lender fell 2.7%, while the UK banks index (.FTNMX301010) slipped 0.9%. Rolls-Royce (RR.L) soared 19.3%, to hit its highest level in over three years after the aero-engineering company raised its full-year operating profit forecast. Reporting by Shashwat Chauhan in Bengaluru; editing by Eileen Soreng and Sohini GoswamiOur Standards: The Thomson Reuters Trust Principles.

Persons: Royce, Aston Martin, Alison Rose, Nigel Farage, Georgina Cooper, Aston, Shashwat Chauhan, Eileen Soreng, Sohini Organizations: HY, U.S, Fed, Lloyds, NatWest, NatWest Group, BBC, Lloyds Banking Group, BNY, Equity, Rio Tinto, Royce, Dunhill, Tobacco, Aston Martin Lagonda Global Holdings, U.S . Federal Reserve, Thomson Locations: Rio Tinto, London, Rio, Bengaluru

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Persons: Dow Jones Organizations: dior

Guardia Civil/Handout via REUTERSMADRID, June 1 (Reuters) - Spanish police raided three clandestine tobacco factories early this year, seizing nearly 40 million euros ($44 million) worth of tobacco leaf and illicit cigarettes. This operation is one of dozens across the EU that regional policing and anti-fraud agencies say have driven seizures of illicit cigarettes to record levels. It may have been further accelerated by the war in Ukraine, which for years has been a production hub and transit route for illicit tobacco, OLAF added. TOBACCO INVESTIGATORSThe industry has responded by hiring investigators to research illicit operations and share intelligence with European authorities, executives at Japan Tobacco, BAT and Imperial Brands told Reuters. "A good many workers from Ukraine have been found in these illegal factories," Japan Tobacco's Byrne said about counterfeiting operations across the EU.

Persons: who'd, OLAF, Cyrille Olive, Philip Morris, Olive, Europol, Vincent Byrne, Byrne, Japan Tobacco's Winston, Alex McDonald, Ernesto Bianchi, McDonald, Japan Tobacco's Byrne, They're, they're, Richa Naidu, Emma Pinedo, Emilio Parodi, Matt Scuffham Organizations: Guardia Civil, REUTERS, Spanish, EU, BAT, Imperial Brands, Japan Tobacco, Philip Morris International, Reuters, Marlboro, America's Dunhill, Supplies, Investigators, Mobile, Thomson Locations: Seville, Spain, Guardia, REUTERS MADRID, Alfaro, Europe, Ukraine, British American, France, Netherlands, Portugal, Slovenia, Denmark, Czech Republic, Ireland, Japan, China, Asia, EU, Russia, Belarus, Roda de Ter, Barcelona, Spanish, Italy, Pomezia, Russian, Moldovan, London, Madrid, Milan

☆ BAT names finance director Marroco as CEO as Bowles bows out
▼ + stars: | 2023-05-15 | by ( ) www.reuters.com time to read: +1 min

May 15 (Reuters) - British American Tobacco (BATS.L) appointed finance director Tadeu Marroco as CEO on Monday, succeeding Jack Bowles who is stepping down after about four years. Marroco has been with the tobacco firm since 1992 and was appointed to the board in 2019. "Having been at the centre of the formulation of this strategy, I am convinced that this is the right strategic path for BAT," Marroco said in a statement. Director Javed Iqbal will be interim finance director while the group looks for a permanent replacement for Marroco, the company said. Reporting by Yadarisa Shabong in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

☆ Sanction hit tars BAT’s US listing hopes
▼ + stars: | 2023-04-26 | by ( ) www.reuters.com time to read: +2 min

LONDON, April 26 (Reuters Breakingviews) - British American Tobacco (BATS.L) could have trouble getting more American love. The $635 million settlement plus interest may be less of a financial spoil for the $82 billion giant. Still, investors including Rajiv Jain’s GQG Partners, had hoped BAT could move its listing to the United States to close a yawning valuation gap. The reputational stain from its fine, however, raises the risk that if it were to move stateside, U.S. investors may still apply a discount. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Tobacco Company BAT Pleads Guilty to Violating U.S. Sanctions on North Korea
▼ + stars: | 2023-04-25 | by ( Sadie Gurman | Aruna Viswanatha | ) www.wsj.com time to read: +1 min

British American Tobacco PLC said it had abandoned its North Korean business, but continued selling tobacco to the regime using a front company, officials said. Photo: Igor Golovniov/SOPA Images/LightRocket/Getty ImagesWASHINGTON—A U.K. tobacco company agreed to pay more than $635 million to resolve charges that it conspired to violate U.S. sanctions by selling cigarettes to North Korea in what Justice Department officials described as a brazen scheme to conceal illicit business by routing it through a third-party company in Singapore. The settlement payment was the largest penalty ever levied on a company for violating U.S. sanctions on Pyongyang. The company, British American Tobacco PLC, entered into a deferred prosecution agreement with federal prosecutors over illegal sales that took place over more than a decade, even after the company announced that it had abandoned its North Korean business, U.S. officials said. But BAT, which makes Lucky Strike, Dunhill and Pall Mall cigarettes, continued selling tobacco products to the isolated regime through a Singaporean front company.

☆ Tobacco companies pay over $600 million to settle alleged sanctions violations with North Korea
▼ + stars: | 2023-04-25 | by ( Hannah Rabinowitz | ) edition.cnn.com time to read: +3 min

CNN —Two tobacco companies have agreed to pay over $600 million to US authorities over allegations that the companies were selling tobacco products to North Korea in violation of US sanctions. Separately, the Justice Department charged a North Korean banker and two Chinese nationals with helping to facilitate tobacco sales in North Korea, according to court documents. BATMS and the North Korean Tobacco Company — owned by the North Korean Government — created a joint enterprise in 2001 to manufacture BAT cigarettes within North Korea for domestic sale, according to the Justice Department. That arrangement continued past 2009, when the US Treasury Department placed additional sanctions on North Korean banks. According to court documents, North Korea would use Chinese companies to process payments between the country and a front company of BATMS to obfuscate the payments.

☆ Inside the Wild World of Celebrity Keynote Speakers: Drugs, Alcohol
▼ + stars: | 2023-04-23 | by ( David Kushner | ) www.businessinsider.com time to read: +31 min

"I never saw myself as a speaker, let alone a motivational speaker," Leonard tells me while his assistant irons his jeans. 'When I ramble," Hunter told me, "hit me in the leg!" Every plane had been grounded, including the one stuck on the tarmac with an increasingly inebriated Hunter Thompson trapped inside. But by far the most all-consuming task was booking gigs for Hunter Thompson. Just before a debate with G. Gordon Liddy at Brown University, Hunter demanded that Betsy Berg, whom I now worked alongside at GTN, score him some crystal meth.

☆ Palo Alto Networks lifts earnings guidance as it pursues profitable growth
▼ + stars: | 2023-02-21 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Here's how the company did:Earnings: $1.05 per share, adjusted, vs. 78 cents per share as expected by analysts, according to Refinitiv. $1.05 per share, adjusted, vs. 78 cents per share as expected by analysts, according to Refinitiv. The company called for fiscal third-quarter adjusted earnings of 90 cents to 94 cents per share on $1.695 billion to $1.725 billion in revenue. Analysts surveyed by Refinitiv had expected 78 cents in adjusted earnings per share on $1.74 billion in revenue. In November guidance was $3.37 to $3.44 in adjusted earnings per share.

☆ Scotland recognized as world’s best golf destination
▼ + stars: | 2022-11-16 | by ( Jack Bantock | ) edition.cnn.com time to read: +10 min

Having hosted the game for almost six centuries, “the home of golf” – as Scotland is known – was recognized as the World’s Best Golf Destination for the very first time at the ninth edition of the annual World Golf Awards in Abu Dhabi this week. Despite the dominance of its legendary St. Andrews Old Course in the World’s Best Golf Course category – with five successive wins after the award’s inception – Scotland had never been recognized as the sport’s best destination. Ross Kinnaird / Getty Images Tom Holland: Part-time web-slinger, full-time golf swinger -- the "Spider-Man" lead is a self-confessed golf addict. Richard Heathcote/R&A/Getty Images“Scottish golf tourism is thriving, and Scotland is a bucket list destination for most golfers around the World,” added Dermot Synnott, Director of Global Partnership for the World Golf Awards. Meanwhile, JA The Resort Golf Course in Dubai won Best Nine Hole Golf Course and Costa Navarino in Greece was recognized as the World’s Best Emerging Golf Destination.

☆ Ryan Fox: Heir to cricket and rugby excellence, New Zealand golfer blazes his own trail
▼ + stars: | 2022-10-28 | by ( Jack Bantock | ) edition.cnn.com time to read: +7 min

Central Press / Hulton Archive / Getty ImagesThen came Wallace’s son-in-law Grant Fox, a name that needs no introduction to anyone familiar with rugby. Both Wallace and Fox were individually honored during Queen Elizabeth’s reign for services to their sports. If that wasn’t enough family sporting heritage, Wallace’s brother and son – George and Gregory – both played first-class cricket for Auckland. “It’s pretty cool to be the third generation of my family to represent New Zealand,” Fox told CNN’s The Jazzy Golfer. Marty Melville / Getty ImagesNot playing his first tournament until 18, Fox was a late bloomer, but made up for lost time emphatically.

☆ The Højgaard twins: Mistaken identity and making history
▼ + stars: | 2022-10-13 | by ( Jack Bantock | ) edition.cnn.com time to read: +5 min

Welcome to life on Tour as the identical Højgaard twins, the 21-year-old rising stars of Danish golf. Richard Heathcote / Getty ImagesDays later, congratulations once again poured in for Nicolai, but this time there was no case of mistaken identity. Playing via a last-minute invite to the event, a one-stroke triumph at Marco Simone Golf Club secured him his maiden European Tour win and wrote the Højgaard name into the history books as the first brothers to win back-to-back Tour events. Nicolai celebrated his first Tour win at the Italian Open. “That would be a cool experience to share with Nicolai as well, maybe play a foursome together.”

☆ Rory McIlroy: 'Golf is ripping itself apart'
▼ + stars: | 2022-09-29 | by ( ) www.reuters.com time to read: +3 min

September 29 - Rory McIlroy finds himself in a field that includes several LIV Golf players at this week's Alfred Dunhill Links Championship in St. Andrews, Scotland, and once again, he didn't hesitate to express his thoughts on the Saudi-backed upstart circuit. You look at some other sports and what's happened and the game of golf is ripping itself apart right now," McIlroy said. I just think right now, with where everything is, it's probably not the right time." There's criteria there, everyone knows what they are and if they want to pivot to meet the criteria they can," McIlroy said. As for the PGA Tour and LIV making peace with each other, that seems unlikely to happen, at least as long as Jay Monahan is commissioner of the PGA Tour.

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