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☆ Jefferies CEO sold $65 million in stock to buy a yacht from a client
▼ + stars: | 2024-04-25 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +2 min

Jefferies CEO Rich Handler sold $65 million in company stock to buy a luxury yacht. AdvertisementJefferies CEO Rich Handler sold $65 million of his stock in the company to buy himself a gift — a luxury yacht. Handler sold 1.5 million shares, or 7% of his holdings, to purchase a "personal boat and to pay tax obligations," the investment bank said in a Wednesday statement. He has previously sold shares only for tax purposes and charity, the bank said. Investors often view executives' stock sales as a signal about lack of company confidence, so any sales are carefully messaged.

Persons: Rich Handler, Jefferies, Tilman Fertitta, Handler, — Organizations: Jefferies, Service, Financial Times, Houston Rockets, NBA, Lancadia Holdings Locations: Westport

☆ A baggage handler at a London airport is in critical condition after being dragged by conveyor belt, report says
▼ + stars: | 2024-02-17 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +1 min

A baggage handler was hospitalized after being caught in a conveyor belt, The Sun reported. The incident occurred at London's Heathrow Airport, the report said. The handler's scarf got snagged in the conveyor belt, and she was dragged along. AdvertisementA baggage handler at London's Heathrow Airport is in critical condition after an incident involving a conveyor belt, the British newspaper The Sun reported. It occurred when her scarf got snagged in the conveyor belt, and she was dragged along as she unloaded luggage from a flight operated by Scottish airline Loganair, the report said.

Persons: — Organizations: Sun, Airport, Service, British, Scottish, Loganair, Passengers, Business

☆ Twilio CEO Lawson steps down after bruising activist battles
▼ + stars: | 2024-01-08 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +3 min

The move comes as Twilio grapples with two activist investors who have been pushing for significant changes. In a regulatory filing announcing the move, the company also said Twilio expected fourth-quarter revenue and income to come in above its prior guidance. Lawson will also step down from Twilio's board, where he had served as chairman. "I am honored to step into the CEO role," Shipchandler said in a release. We look forward to continuing to engage with Twilio's Board and management team going forward," he added.

Persons: Jeff Lawson, Spain Twilio, Twilio, Lawson, Khozema, Shipchandler, Jeff Epstein, we've, Jeff Lawson's, Sagar Gupta, Gupta, Partner's Organizations: Twilio, Mobile, Congress, Bessemer Venture Partners, Anson Funds, Legion Partners, CNBC, Qatalyst Partners, Twilio's, Partners, Twilio's Board, CNBC PRO Locations: Barcelona, Spain, Twilio

☆ Matthew Perry’s life full of joy and pain
▼ + stars: | 2023-10-30 | by ( Marianne Garvey | ) edition.cnn.com time to read: +8 min

CNN —Matthew Perry achieved global fame and career success, bringing joy to audiences around the world. Perry wrote of the loneliness he experienced during his cycles of substance abuse and recovery and worked hard to help others doing the same. In his book, Perry wrote that Roberts agreed to appear in the series only if she could be in a storyline with Chandler Bing. Matt LeBlanc, Matthew Perry and David Schwimmer. That’s what I want.”“When I die, I don’t want ‘Friends’ to be the first thing that’s mentioned,” he added.

Persons: Matthew Perry, ”, Perry, Hank Azaria, “, Matthew, ” Azaria, ” Perry, “ I’ve, ‘ Will, Chandler Bing, Matt LeBlanc, Joey Tribbiani, Lisa Kudrow, Phoebe Buffay, David Schwimmer, Ross Geller, Courteney Cox, Monica Geller, Jennifer Aniston, Rachel Green, Reisig, Julia Roberts, Roberts, ” Julia Roberts, Betty Ford, Monica, Danny Feld, Sara ”, “ That’s, you’ll, hadn’t, Diane Sawyer, Julia Weeks Organizations: CNN, AA, Hollywood, NBC, Getty Locations: ”, Minnesota, Malibu

☆ Jennifer Anniston, Matt LeBlanc and rest of ‘Friends’ cast pay tribute to Matthew Perry
▼ + stars: | 2023-10-30 | by ( Eric Levenson | Alli Rosenbloom | ) edition.cnn.com time to read: +9 min

NBC/Getty Images Perry, pictured circa 1985, developed an interest in acting after moving to Los Angeles when he was a teen. ABC/Disney Entertainment/Getty Images Perry co-starred in "Friends" with Matt LeBlanc, Lisa Kudrow, David Schwimmer, Courteney Cox and Jennifer Aniston. NBC/Getty Images Perry and Cox appear on "The Tonight Show with Jay Leno" in 1996. NBC/Getty Images Perry co-stars with Salma Hayek in the 1997 romantic comedy film "Fools Rush In." Julia Weeks/AP Perry enters the stage for a conversation with editor Matt Brennan during the Los Angeles Times Festival of Books in Los Angeles in 2023.

Persons: ”, Matthew Perry, Jennifer Aniston, Courteney Cox, Lisa Kudrow, David Schwimmer, Matt LeBlanc, Matthew, ” Perry, Chandler Bing, Perry, Michael Ochs, Christina Applegate, Martha Plimpton, Cox, Jay Leno, Salma Hayek, Michael Clarke Duncan, Warner, Monica, Danny Feld, Joe Quincy, Amy Stewart, Richard Schiff, Milo O'Shea, Kelly Reilly, Toby Melville, Reuters Perry, Merv Griffin, Jean, Paul Aussenard, LeBlanc, Mark J, Terrill, John Inwood, Zach Braff, John C, McGinley, Mitch Haddad, Amanda Peet, Bruce Willis, Everett, Chris Pizzello, Phil McCarten, Tom Williams, Lindsay Sloane, Michael Yarish, Ted Kennedy, James Corden, Terence Patrick, Julia Weeks, Matt Brennan, Dania Maxwell, HBO Max, “, Marta Kauffman, David Crane, Kevin Bright, Matthew’s, ’, Perry’s, Aniston, wasn’t, CNN’s Taylor Romine, Josh Campbell, Cheri Mossburg, Dan Heching, Lisa Respers Organizations: CNN, NBC, Getty, Michael Ochs Archives, Limelight, ABC, Disney Entertainment, Columbia, Warner Brothers, Bank, Comedy Theatre, Reuters, Merv Griffin Beverly Hills Country, Actors Guild, Guild of America, Los Angeles Dodgers, Capitol, National Association of Drug, Inc, CBS, Los Angeles Times Festival of, Los Angeles Times, HBO, Los Angeles Fire Department, Firefighters, Los Angeles Police Department, Angeles, Medical, Entertainment Locations: Los Angeles, Williamstown , Massachusetts, New York City, British, Chicago, London, Canada, Lisa Respers France

The stars of “Friends” say they are mourning the “unfathomable” death of Matthew Perry. “We are all so utterly devastated by the loss of Matthew,” Jennifer Aniston, Courteney Cox, Lisa Kudrow, Matt LeBlanc, and David Schwimmer said in a joint statement to People on Monday. For now, our thoughts and our love are with Matty’s family, his friends, and everyone who loved him around the world.”It was the first public statement on Perry's death from Aniston, Cox, Kudrow, LeBlanc or Schwimmer. Others public mourning Perry on Monday included Salma Hayek, his co-star in the 1997 rom-com “Fools Rush In,” which Perry had said was probably his best film. Morgan Fairchild, who played mother to Perry's Chandler Bing on the show, and Maggie Wheeler, who played Chandler's sometime girlfriend Janice, gave similar sentiments.

Persons: Matthew Perry, “, Matthew, ” Jennifer Aniston, Courteney Cox, Lisa Kudrow, Matt LeBlanc, David Schwimmer, Perry, Aniston, Cox, Kudrow, LeBlanc, Schwimmer, Salma Hayek, “ It’s, ” Hayek, ” Perry, ”, Marta Kauffman, David Crane, Morgan Fairchild, Perry's Chandler Bing, Maggie Wheeler, Chandler's, Janice Organizations: NBC, Los Locations: Los Angeles, Los Angeles County, ”, New York

☆ Opinion: Why Matthew Perry was my favorite among ‘Friends’
▼ + stars: | 2023-10-29 | by ( Lee Smith | Dean Obeidallah | ) edition.cnn.com time to read: +10 min

ABC/Disney Entertainment/Getty Images Perry co-starred in "Friends" with Matt LeBlanc, Lisa Kudrow, David Schwimmer, Courteney Cox and Jennifer Aniston. NBC/Getty Images Perry is seen in the 1995 "Friends" episode "The One with the Evil Orthodontist." NBC/Getty Images Perry co-stars with Salma Hayek in the 1997 romantic comedy film "Fools Rush In." NBC/Getty Images Perry and Cox are seen in the 2000 "Friends" episode "The One With Rachel's Assistant." Warner Brothers/Getty Images Perry and Cox pose for a photo during the 2001 "Friends" episode "The One With Monica And Chandler's Wedding."

Persons: Dean Obeidallah, Matthew Perry —, —, ”, Chandler, Dean Obeidallah CNN Chandler, I’m Chandler, “ I’m, Courteney Cox, Matt LeBlanc, David Schwimmer, Jennifer Aniston, Lisa Kudrow —, NBC’s, CBS ’ “ Young Sheldon, Matthew Perry, Chandler Bing, Perry, Michael Ochs, Christina Applegate, Martha Plimpton, Lisa Kudrow, Cox, Jay Leno, Salma Hayek, Michael Clarke Duncan, Warner, Monica, Danny Feld, Joe Quincy, Amy Stewart, Richard Schiff, Milo O'Shea, Kelly Reilly, Toby Melville, Reuters Perry, Merv Griffin, Jean, Paul Aussenard, LeBlanc, Mark J, Terrill, John Inwood, Zach Braff, John C, McGinley, Mitch Haddad, Amanda Peet, Bruce Willis, Everett, Chris Pizzello, Phil McCarten, Tom Williams, Lindsay Sloane, Michael Yarish, Ted Kennedy, James Corden, Terence Patrick, Julia Weeks, Matt Brennan, Dania Maxwell, Matthew, “, haven’t, Perry didn’t, Matty, ” Perry, Pete Davidson, Davidson, Chad Lowe, Sunshine ”, Neil Simon’s “ Organizations: CNN, “, Warner Bros . Television, Warner Bros ., Variety, CBS, NBC, Getty, Michael Ochs Archives, Limelight, ABC, Disney Entertainment, Columbia, Warner Brothers, Bank, Comedy Theatre, Reuters, Merv Griffin Beverly Hills Country, Actors Guild, Guild of America, Los Angeles Dodgers, Capitol, National Association of Drug, Inc, Los Angeles Times Festival of, Los Angeles Times, CBC, People Locations: ”, Los Angeles, Williamstown , Massachusetts, New York City, British, Chicago, London, Canada

☆ How Matthew Perry got cast on ‘Friends’
▼ + stars: | 2023-10-29 | by ( Lisa France | Lisa Respers France | ) edition.cnn.com time to read: +8 min

NBC/Getty Images Perry, pictured circa 1985, developed an interest in acting after moving to Los Angeles when he was a teen. Michael Ochs Archives/Moviepix/Getty Images Perry and Christina Applegate were cast in the 1988 made for TV teen movie "Dance 'til Dawn." NBC/Getty Images Perry is seen in the 1995 "Friends" episode "The One with the Evil Orthodontist." NBC/Getty Images Perry co-stars with Salma Hayek in the 1997 romantic comedy film "Fools Rush In." NBC/Getty Images Perry and Cox are seen in the 2000 "Friends" episode "The One With Rachel's Assistant."

Persons: Matthew Perry, Perry, Chandler Bing, ”, Charlie Sheen, “, Sheen, —, ” Perry, Michael Ochs, Christina Applegate, Martha Plimpton, Matt LeBlanc, Lisa Kudrow, David Schwimmer, Courteney Cox, Jennifer Aniston, Cox, Jay Leno, Salma Hayek, Michael Clarke Duncan, Warner, Monica, Danny Feld, Joe Quincy, Amy Stewart, Richard Schiff, Milo O'Shea, Kelly Reilly, Toby Melville, Reuters Perry, Merv Griffin, Jean, Paul Aussenard, LeBlanc, Mark J, Terrill, John Inwood, Zach Braff, John C, McGinley, Mitch Haddad, Amanda Peet, Bruce Willis, Everett, Chris Pizzello, Phil McCarten, Tom Williams, Lindsay Sloane, Michael Yarish, Ted Kennedy, James Corden, Terence Patrick, Julia Weeks, Matt Brennan, Dania Maxwell, Matthew, didn’t, Chandler, ‘ You’ve, Seth Meyers, ’, costars Jennifer Aniston, HBO Max, ” Cox Organizations: CNN, NBC, Getty, Michael Ochs Archives, Limelight, ABC, Disney Entertainment, Columbia, Warner Brothers, Bank, Comedy Theatre, Reuters, Merv Griffin Beverly Hills Country, Actors Guild, Guild of America, Los Angeles Dodgers, Capitol, National Association of Drug, Inc, CBS, Los Angeles Times Festival of, Los Angeles Times, L.A, LAX, HBO Locations: Los Angeles, Williamstown , Massachusetts, New York City, British, Chicago, London, Canada

☆ In Barbie lore, Allan was actually the father of pregnant Midge's unborn baby
▼ + stars: | 2023-08-14 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

In "Barbie," Allan appears as a kind but lonely man who just wants to hang out with the Kens and Barbies. But in Mattel lore, Allan was actually married to Midge and had two children with the doll, despite him not interacting with her in the movie. A few months later, in early 1964, the toy company began producing a red-haired boyfriend for Midge, Allan Sherwood, named for Handler's son-in-law. "Allan shares wonderful adventures with Barbie and her friends," including going on double dates as Midge's partner with Barbie and Ken, a advert from 1964 proclaimed. Allan was the same size as Ken, meaning that he could share his clothes, as was the case with Barbie and Midge.

Persons: Barbie, Allan, Midge, Greta Gerwig's, Allan Sherwood, Handler's, Ken, Allan's, Michael Cera, bendable, Brad, Ruth Handler, Alan, Mattel, Ryan, Nikki –, nathanmychael Organizations: Service, Mattel, Families, Walmart Locations: Wall, Silicon, Gerwig's

☆ Barbie's founder jokes in the 'Barbie' movie about getting in trouble with the IRS. Here's what actually happened.
▼ + stars: | 2023-07-31 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

The fictional Ruth Handler jokes in Greta Gerwig's "Barbie" about getting in trouble with the IRS. The real-life Handler was indicted for conspiracy and making false financial statements to the SEC. "I am Mattel," Handler, played by Rhea Perlman says in the movie. Under the settlement, around $30 million was paid to shareholders and the Handlers surrended two million Mattel shares. Handler wrote that she was "convinced" that the US Attorney's Office went after her "so aggressively" because of her gender.

Persons: Ruth Handler, Greta Gerwig's, Handler, Rhea Perlman, Barbie, Elliot, Ruth Handler's, Seymour Rosenberg, Rosenberg, Robert Takasugi Organizations: IRS, SEC, Service, Mattel, New York Times, betweeen, Securities and Exchange Commission, Bank of America, Mattel VP, Los Angeles Times, US Attorney's Locations: Wall, Silicon

☆ Barbie and Ken, this summer's hottest couple, were actually named after a brother and sister
▼ + stars: | 2023-07-25 | by ( Grace Dean | ) www.businessinsider.com time to read: +7 min

Ruth Handler's children resented the dolls named after them and didn't buy any for their own children. The plastic dolls were actually named for a sister and brother – the children of Mattel cofounder and Barbie creator Ruth Handler. "If people did find out, she'd tell them in no uncertain terms that she was not the Barbie doll." Barbara, meanwhile, said: "I'm tired of being Barbie doll." Timm Schamberger/DDP/AFP via Getty ImagesHandler also named dolls for her children's partners and their children, including Allan, named for her son-in-law.

Persons: Barbie, Ken, Ruth Handler's, They've, Greta Gerwig's, –, Margot Robbie, Ryan Gosling –, Ruth Handler, Frederic Neema, Handler, Babs, Barbara, Barbara Millicent Roberts, Ruth, Jens, Ulrich Koch, Stache, Cyrus McCrimmon, Lobel, Blaine, Mel Melcon, Mattel Barbara, Elliott Handler, Bettmann, Barbara Handler, Handler's, Barbies . Bork, bimbo, Timm Schamberger, Allan, hadn't Organizations: Service, Mattel, Getty, Los Angeles Times, Hulton, Valentine's, Express, DDP, Getty Images, Denver, Fair Locations: Wall, Silicon, Europe, AFP, Nuremberg, Germany

☆ Barbie is the star of the summer's hottest blockbuster. The much-hyped movie is the pinnacle of a 60-year history filled with rejections, lawsuits, and controversies for the world's most iconic doll.
▼ + stars: | 2023-07-21 | by ( Grace Dean | ) www.businessinsider.com time to read: +1 min

Ruth Handler wanted to make an adult fashion doll but Mattel's team shot her downChesnot/Getty ImagesBarbie is back in vogue. The current hype around the brand is in sharp contrast to the rejections Barbie inventor Ruth Handler faced when she first tried to create the doll in the 1950s. But Handler, who had co-created Mattel in 1945, struggled to convince people of the market for an adult fashion doll. Mattel's team told her it wouldn't be possible to make such dolls at a low price in the US, she wrote. "As the years went by, I brought up my idea a few more times, but everybody would kind of turn me off," Handler wrote.

Persons: Ruth Handler, Barbie, Zs, Margot Robbie, Ryan Reynolds, Barbara, Handler Organizations: Mattel

☆ Barbie and Ken, one of the hottest couples of the summer, were actually named after a brother and sister
▼ + stars: | 2023-06-13 | by ( Grace Dean | ) www.businessinsider.com time to read: +7 min

Ruth Handler's children resented the dolls named after them and didn't buy any for their own children. The plastic dolls were actually named after a sister and brother – the children of Mattel cofounder and Barbie creator Ruth Handler. Almost immediately after Barbie hit toy shop shelves in 1959, Mattel started receiving "hundreds of letters from little girls begging us to make a boyfriend for Barbie," Handler wrote. "If people did find out, she'd tell them in no uncertain terms that she was not the Barbie doll." Barbara, meanwhile, said: "I'm tired of being Barbie doll."

Persons: Barbie, Ken, Ruth Handler's, —, Greta Gerwig's, –, Ruth Handler, Frederic Neema, Handler, Babs, Barbara, Barbara Millicent Roberts, Ruth, Jens, Ulrich Koch, Stache, Cyrus McCrimmon, Lobel, Blaine, Mel Melcon, Mattel Barbara, Barbie Ken, Iris Schneider, Elliott Handler, Bettmann, Barbara Handler, Handler's, Barbies . Bork, bimbo, Timm Schamberger, hadn't Organizations: Service, Mattel, Getty, Los Angeles Times, Hulton, Valentine's, Express, DDP, Getty Images, Denver, Fair Locations: Europe, AFP, Nuremberg, Germany

☆ For Wall Street's newest interns, it's important to keep things in perspective no matter how things end up
▼ + stars: | 2023-06-06 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Let's take a step backFor Wall Street interns, this week marks the start of their professional lives. So to the Wall Street interns who don't get a return offer in a few months, don't worry, you will too. Read more about Jefferies' Richard Handler explaining how Wall Street interns need to keep perspective. Check out all 15 pieces of advice Handler has for Wall Street interns. We asked our rising stars of Wall Street for some book recommendations.

Persons: Dan DeFrancesco, we've, I've, Richard Handler Jefferies, Richard Handler, Jefferies, Handler, It's, That'd, Guess, Tiffany Haley, Binance, Insider's Navah Maynard, Brandon Snower, Jeffrey Cane, Jack Sommers Organizations: Costco, Jefferies, Wall, Twitter, ESPN, Wall Street, SEC, Vanguard, Nike, LinkedIn Locations: New York, London

☆ Richard Handler, CEO of investment bank Jefferies, reminds incoming interns that working hard is no guarantee of a job
▼ + stars: | 2023-06-05 | by ( Kaja Whitehouse | ) www.businessinsider.com time to read: +3 min

Investment banking internships kick off across Wall Street this week. Richard Handler, CEO of investment bank Jefferies, has some tips for incoming interns, including a harsh reminder that working hard is no guarantee of a job. Handler's comments come as investment banking internships kick off at a difficult time for Wall Street. Handler acknowledged that some interns decide that investment banking is not for them. Insider's Reed Alexander spoke to an investment banking intern for a midsize bank who said he hated being chained to his desk and seeing junior bankers being reamed out in public.

Persons: Richard Handler, Handler, Richard Handler's, Goldman Sachs, Jefferies, aren't, Brownstein, Insider's Reed Alexander Organizations: Jefferies, Morning, Twitter, Wall, Bank of America

☆ Barbie owes her existence to a 1950s German comic strip
▼ + stars: | 2023-06-03 | by ( Grace Dean | ) www.businessinsider.com time to read: +8 min

Barbie likely wouldn't exist if Mattel's founder hadn't stumbled across Bild Lilli, a plastic doll based on a comic strip. The first Barbie doll, from 1959, had Lilli's red lips, high blonde ponytail, and winged eyeliner. But these dolls had flat chests, big bellies, and squatty legs – they were built like overweight six- or eight-year-olds," Handler wrote. The newspaper began making Lilli dolls in 1955 because of the comic's popularity and to market the newspaper. "Here were the breasts, the small waist, the long, tapered legs I had enthusiastically described for the designers all those years ago," Handler wrote.

Persons: Barbie, hadn't, Ruth Handler, —, Ruth Handler —, Mattel —, Barbara, Handler, Lilli, SSPL, Axel Springer publication's, Reinhard Beuthein, Robin Gerber, Ruth, Gerber, Elliot, Frederic Neema, Mattel, Lobel, Greiner, Louis Marx, Marx, Fiona Hanson, Hausser Organizations: Bild Lilli, Service, Mattel, Getty Images, Hausser, Getty, Greiner, Hausser's Locations: Europe, Lucerne, Swiss, Los Angeles, Lilli, New York

☆ Matt Onofrio made $35 million helping everyday people invest in real estate. Then he was indicted. Was it all a scam?
▼ + stars: | 2023-06-01 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +21 min

The MMA fighter Michael Chandler, pictured with his wife, Brie Willett, bought a $16 million property from Matt Onofrio in 2021. Then, in November 2022, federal prosecutors indicted Onofrio on charges involving three deals he'd arranged in Minnesota the year before. The federal complaint doesn't involve the property Onofrio sold to Chandler. Unbeknownst to Hermann, Onofrio had already tied up the warehouse in contract for $4.75 million. "Matt was finding a deal for $4 million and selling it for $5 million," Stageberg said.

Persons: Matt Onofrio, anesthetist, who'd, Onofrio, Michael Chandler, Chandler, Brie Willett, Rick Diamond, Michael didn't, Matt, Brendan Johnson, he'd, fraudster, who's, Matthew Hermann, Hermann, he's, —, Anthony Vicino, unburden, Hermann countersued, Let's, Nick Stageberg, Stageberg, Vicino, couldn't, wasn't, Zacari Pennington, Brandon Turner, David Greene, Pennington, Brad Lea's, Ryan Pineda's, Alec McElhinny, Onofrio's, Greene, Ed Mylett, Mylett, Lily Ro Onofrio, Lea, Brittany Arnason, BiggerPockets, Cameron Cropsey, Scott Trench, Nicholas Perrone, Wild Organizations: Onofrio, CMT, Chandler, Wild Moose Ventures, Finance & Commerce, Mayo Clinic, Moose Ventures, Wild, Ventures Locations: Wisconsin, California, Sauk Rapids , Minnesota, Minnesota, Onofrio, Minneapolis, Mexico City, Mayo, Denver, Nashville, Church, Golden Valley , Minnesota, Macon , Georgia, Pennington

☆ How Barbie went from poor sales in the 1950s to becoming the most popular doll in the world
▼ + stars: | 2023-05-27 | by ( James Pasley | ) www.businessinsider.com time to read: +1 min

In the 1950s, Ruth Handler, the woman behind Barbie, found it difficult to find support for her idea. After being warned it was a bad idea and that no one would buy it, Barbie was a huge hit. Mattel, Handler's toy company, went on to make billions of dollars off the doll. But she kept selling and remains the most popular doll in the world. In July, the highly-anticipated "Barbie" movie, directed by Greta Gerwig and starring Margot Robbie as the titular character, will be released.

☆ JPMorgan Chase thought it had $1.3 million of nickel, but they were all bags of stones. It's happened before.
▼ + stars: | 2023-03-21 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

JPMorgan Chase kept bags of stones in a warehouse thinking they were nickel. In November 2022, commodities trading giant Trafigura discovered carbon steel and other types of steel and iron instead of the nickel it had ordered. Carbon steel tends to be priced at about 5% of the value of the costlier metal, according to the Financial Times. Nickel prices surged to around $50,000 a metric ton on March 7, 2022 and then to $100,000 a ton a day later, but have come off to around $22,800 a ton ton now. In the complaint, a merchant called Nanni criticized his supplier for sending him low-quality copper ingots and demanded his money back.

☆ Barbie's creator wanted Ken to have more of a 'bulge' — but Mattel refused to give the doll a prominent crotch
▼ + stars: | 2022-12-29 | by ( Grace Dean | ) www.businessinsider.com time to read: +10 min

Barbie creator Ruth Handler wanted the Ken doll to have a "bulge," she wrote in her autobiography. "Both the all-male design and marketing staffs, however, disagreed, so the groin on the first Ken doll was as smooth as Barbie's." "Ruth felt the design team lacked 'the guts' to give the Ken doll even the suggestion of male sex organs," Gerber wrote. "But Ruth was not political or prone to dwell on the root of cultural standards," Gerber wrote. A range of Barbie dolls for sale during the 2015 National Barbie Doll Collectors Convention.

☆ The 16 Greatest Cities In Human History
▼ + stars: | 2011-12-23 | by ( Gus Lubin | Robert Johnson | ) www.businessinsider.com time to read: +1 min

So was Uruk, Mari and other great cities through history to Tokyo, which is the largest city today. Cities are becoming even more important as we passes through the biggest wave of urbanization in human history. Even the most casual census was unheard of before then, and studies to nail down city populations throughout history weren't even attempted until 1944. The data here is all based on Modelski's numbers, except for London in 1825 which is Chandler's. Jericho and Uruk, the two most ancient cities, are based on estimates made from Modelski's work.

Persons: Mari, weren't, Tertius Chandler, Gerald Fox, Chandler, George Modelski Locations: Tokyo, London, Jericho

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