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This past week alone, Boeing and UPS called workers back to the office five days a week. A survey by the Conference Board found few U.S. CEOs saying they will prioritize bringing workers back to the office full time in the year ahead. Jotform, an online form-building platform with about 660 team members, recently made the decision to require employees to be in the office five days a week. A December Resume Builder poll of 800 business leaders found that 8 in 10 companies will track employee office attendance in 2024. In some cases, companies are also finding it difficult to crack down on lower-level employees because higher-ups also aren't complying.
Persons: it's, Elliott Sprecher, Morgan Chase, Davis Polk, What's, Laura Putnam, Henry Nothhaft, Betsy Henning, Finn, Putnam Organizations: Boeing, UPS, Conference Board, IBM, Google, Skadden, Finn Partners Locations: Slate, RTO
UBS lowered its rating on Albemarle to neutral from buy, slashing its price target by more than 40%. Analyst Matthew Hedberg initiated coverage of the data stock at an outperform rating with a $22 target price for shares. Hedberg's price target implies shares could climb 23.9% over the next year from Friday's close. In addition to the downgrade, analyst Jessica Reif Ehrlich slashed her price target on the stock to $9 from $32. Analyst Joshua Spector downgraded the stock to neutral from buy and slashed his price target to $140 from $253.
Persons: Ferrari, Matthew Hedberg, Hedberg, Alex Harring, Jason Bazinet, Bazinet, — Alex Harring, Jefferies, Brent Thill, Thill, Jessica Reif Ehrlich, Reif, Vivek Arya, Arya, Nicholas Campanella, Campanella, " Campanella, Banks, Goldman Sachs, Citi's Paul Lejuez, Baird, Mark Altschwager, Morgan Stanley, Edouard Aubin, Aubin, there's, Henning Cosman, Cosman, Joshua Spector, Spector Organizations: CNBC, UBS, Barclays, Bank of America, Nvidia, RBC, RBC Capital Markets, Citi, Disney, Jefferies, Paramount, Paramount Global, Dominion Energy, Dominion, Wall, JPMorgan, Ferrari, U.S, UBS downgrades Locations: Albemarle, Friday's, China, Birkenstock
Wind Power Write-Downs Cast Shadow Over Industry Outlook
  + stars: | 2023-11-01 | by ( Giulia Petroni | ) www.wsj.com   time to read: +5 min
Wind-power developer Orsted scrapped projects in New Jersey citing supply-chain problems and high interest rates. Orsted , BP and Equinor have collectively written off $4.8 billion against U.S. offshore wind projects in recent days. Equinor, BP’s partner on the Empire Wind and Beacon Wind projects, booked an impairment of around $300 million on its U.S. portfolio. Utility Dominion Energy on Tuesday received a key federal approval for its 2.6-gigawatt offshore wind project in Virginia. And Orsted confirmed its final investment decision into Revolution Wind, an offshore 704-megawatt project in Connecticut and Rhode Island.
Persons: Wayne Parry, Orsted, Mads Nipper, henning bagger, , Phil Murphy ’, Martin Tessier, Stifel ’, , Engie, Vattenfall, Russ Mould, AJ Bell, Dominic, Giulia Petroni Organizations: Associated, U.S, Agence France, Republicans, Democratic Gov, , BP, Iberdrola, Shell, Business, Siemens Energy, Dominion Energy, giulia.petroni@wsj.com Locations: New Jersey, U.S, Danish, New York, Connecticut, Massachusetts, Swedish, Norfolk, Virginia, Rhode Island, Asia Pacific, Europe
Stellantis ' strong growth outlook should successfully mitigate any headwinds from the ongoing United Auto Workers strike, according to Barclays. Barclays' price target of €22.5, or $23.74, implies more than 20% upside from Stellantis' $19.68 close Friday afternoon. Despite this, Stellantis' stock is still trading near its all-time highs after rallying close to 40% so far this year. STLA YTD mountain STLA ytd chart Analyst Henning Cosman acknowledged that many investors may be reluctant to jump into the stock at its current elevated levels. As another risk factor, Cosman believes the company will not be able to report a clean set of earnings until July 2024 or August 2024 given the current strike.
Persons: Stellantis, Henning Cosman, Cosman, Carlos Tavares, Michael Bloom Organizations: United Auto Workers, Barclays, UAW, EU, US Auto Locations: Amsterdam
(AP) — Arkansas lawmakers on Thursday voted to audit the purchase of a $19,000 lectern for Gov. The Republican Party of Arkansas reimbursed the state for the purchase on Sept. 14, and Sanders’ office has called the use of a state credit card for the lectern an accounting error. Sanders’ office said it received the lectern in August. Sanders’ office has not said what features contributed to the lectern’s seemingly high cost. The lectern's purchase was uncovered by Matthew Campbell, a blogger and attorney who has sued Arkansas State Police and claimed the agency withheld documents about Sanders' security and travel.
Persons: Sarah Huckabee Sanders, Sanders, Sanders ’, ” Hickey, Donald Trump, Alexa Henning, ” Henning, Tom Mars, Hickey, Matthew Campbell, Campbell, Roger Norman, Jimmy Gazaway, , ” Norman, Grant Hodges, Republican Sen, John Payton Organizations: , Republican, Republican Party of Arkansas, GOP, Beckett, Arkansas State Police, Legislative Audit, ” Republican Locations: — Arkansas, Virginia
Sarah Huckabee Sanders' office planned to use Republican Party funds to reimburse the state for a $19,000 lectern, which was bought in June using a government credit card. The undated reimbursement note adds to weeks of scrutiny over the purchase, which has dominated political talk in Arkansas. Mars has said he has a client willing to give a confidential statement to lawmakers who has firsthand knowledge that Sanders' office interfered with open records requests. Earlier emails about the purchase released Monday don't reference plans for the Arkansas Republican Party to reimburse the state. Sanders’ office has not said what features contributed to the lectern’s seemingly high cost.
Persons: Sarah Huckabee Sanders, , Republican Sen, Jimmy Hickey, Sanders, Donald Trump, Laura Hamilton, Cassie Cantlon, doesn't, Hamilton, , Alexa Henning, Tom Mars, Hickey, Mars, Joseph Wood, Sanders ’, Matthew Campbell, Campbell Organizations: , Arkansas Gov, Republican, Arkansas GOP, Associated Press, AP, Republican Party of Arkansas, Department of Transformation, Beckett, Arkansas Republican Party, Arkansas State Police Locations: Arkansas, Virginia
London CNN —Russia’s decision to ban diesel exports to most countries could not have come at a worse time for Europe. But the EU still needs a steady flow of Russian diesel to global markets to keep prices stable. The Russian government announced the curbs — which also apply to gasoline — Thursday, saying they were aimed at stabilizing domestic fuel prices. Diesel is Europe’s economic workhorse, powering the majority of vans and trucks ferrying goods and raw materials round the continent. Before Europe imposed its import ban, Russia supplied 40% of the country’s diesel.
Persons: London CNN —, ” Jorge León, , Natalia Kolesnikova, Pamela Munger, Henning Gloystein, Gloystein, , Tim Lister, Anna Chernova Organizations: London CNN, European Union, Reuters, Kremlin, Diesel, Analysts, European, Rystad Energy, CNN, Gazprom, Getty, Eurasia Group, , Brent Locations: Europe, Russian, Moscow, Ukraine, Russia, Saudi Arabia, South America, East, North Africa, AFP, Turkey, United States
A judge vacated the felony murder convictions in 2020, after testing found the towel was free of blood. The two men filed a federal wrongful conviction lawsuit against Lee, eight police investigators and the town of New Milford. U.S. District Court Judge Victor Bolden ruled in July that there was no evidence Lee ever conducted any blood tests on the towel, and a summary judgement was issued against him. Under the settlement, which must still be approved by the General Assembly, Birch and Henning would each receive $12.6 million, Attorney General William Tong's office said. Simpson murder trial, in which he questioned the handling of blood evidence.
Persons: , Henry Lee, Ralph “ Ricky ” Birch, Shawn Henning, Everett Carr, Lee, Victor Bolden, Birch, Henning, William Tong's, Lee . Lee, , Blood, Henry C, Simpson, JonBenet, Scott Peterson, Laci, Phil Spector, Spector Organizations: General, University of New, Lee, of Criminal, Forensic Sciences Locations: HARTFORD, Conn, New Milford, Hartford, New Milford . U.S, Birch, JonBenet Ramsey, Colorado
Trinity Site is the national historic landmark that’s home to mankind’s first nuclear blast on July 16, 1945, where plutonium gamma rays lit up the night sky. A caution sign warns of radioactive materials at Trinity Site in New Mexico back in 2008. The open house event, hosted by the US Army, is free but limited to the first 5,000 guests, on a first-come, first-served basis. Trinity Site’s atmosphere during an open house is reminiscent of a small-town carnival from a bygone era. And on April 6, 2024, Trinity Site again opens for a single day.
Persons: CNN —, “ Oppenheimer, , Matt McClain, Jonathan Larsen, J, Robert Oppenheimer, McDonald, Sam Wasson, you’ll, Jim Lo Scalzo, Oppenheimer, , John Dempsey, brightens, Jim Eckles, Trinity, we’ve, Bettymaya, Patricia Henning, Henning, Karl G, Jon G, Fuller Organizations: CNN, Jornada, Trinity, Washington Post, US Army, White, Manhattan Project, Sipa, AP, Albuquerque, Army, Venture, Jumbo, Alamos National Laboratory, New Mexico Gov, National Security Research, Alamogordo Air Base, Radio Astronomy, Getty, “ SETI, Extraterrestrial Intelligence Locations: New Mexico, New York City, Nagasaki, Japan, Trinity, Hiroshima, Socorro, San Antonio . New Mexico, San Agustin, Mexico
Liquefied natural gas (LNG) storage units at Grain LNG importation terminal, operated by National Grid Plc, on the Isle of Grain on August 22, 2022 in Rochester, England. Jacob Mandel Senior research associate for global energy markets at Aurora Energy ResearchFears of strike in Australia, one of the world's biggest exporters of liquified natural gas (LNG), have recently pushed up European gas prices — and analysts expect near-term volatility to persist. Jacob Mandel, senior research associate for global energy markets at U.K.-based consultancy Aurora Energy Research, said the global natural gas market was currently "very tight" and "very little supply flexibility" means that strike action in Australia could send European gas prices higher. He said that European gas prices could climb to above 40 euros ($42.9) per megawatt hour if the strikes go ahead as planned. The front-month gas price at the Dutch Title Transfer Facility (TTF) hub, a European benchmark for natural gas trading, traded at 33.5 euros on Tuesday.
Persons: Dan Kitwood, Jacob Mandel, Mandel, we've, Ramesh, Wheatstone, Henning Gloystein, Gloystein Organizations: National Grid, Getty, CNBC, Chevron, Offshore Alliance, Wheatstone, Fair, Aurora Energy, Aurora Energy Research, videoconference, Rystad Energy, Europe, EU, Eurasia Group Locations: Isle, Rochester , England, Western Australia, Chevron Australia, Australia, Europe, Japan, Korea, wean, Ukraine, Russia
(AP) — An Arkansas attorney and blogger has filed a lawsuit against the Arkansas State Police that accuses the agency of illegally withholding public records he requested related to Gov. Sarah Huckabee Sanders' travel and security. The requests included communications regarding the security for Sanders and her husband, Bryan Sanders, and records regarding their costs. Campbell also requested communications and travel records for the State Police plane, which the governor uses for travel, and records related to Sanders’ trade mission to Europe earlier this year. They include an exemption for the governor's “working papers,” and another regarding records related to governor's mansion security.
Persons: , Sarah Huckabee Sanders, Matthew Campbell, Sanders, Bryan Sanders, Campbell, “ Rather, ” Sanders, , Alexa Henning Organizations: Arkansas State Police, Gov, State Police, ASP, FOIA Locations: — An Arkansas, Europe, Arkansas
CEO of Grundfos Mads Nipper presents the financial statements of 2017 at a news conference in Bjerringbro, Denmark, March 13, 2018. "We are still upholding a real option to walk away," Orsted CEO Mads Nipper told Bloomberg News in an interview. "But right now, we are still working towards a final investment decision on projects in America." Last week Orsted said it may see U.S. impairments of 16 billion Danish crowns ($2.3 billion) due to supply chain problems, soaring interest rates and a lack of new tax credits. ($1 = 6.9488 Danish crowns)Reporting by Gursimran Kaur in Bengaluru; Editing by Jan HarveyOur Standards: The Thomson Reuters Trust Principles.
Persons: Mads Nipper, Henning Bagger, Biden, Orsted, Gursimran Kaur, Jan Harvey Organizations: Scanpix, REUTERS, Bloomberg, Bloomberg News, Thomson Locations: Bjerringbro, Denmark, Scanpix Denmark, U.S, America, Bengaluru
REUTERS/Lukas Barth/File Photo Acquire Licensing RightsBERLIN, Aug 22 (Reuters) - Germany's greenhouse emissions gap will probably be bigger than the government's estimates in 2030 even if planned emission reduction measures are fully implemented, a council of climate experts that advises the government said on Tuesday. The largest economy in Europe aims to cut its carbon dioxide emissions by 65% by 2030 compared with 1990. The German government's planned CO2 cuts for the energy and industrial sector could cut emissions significantly, but the buildings and transport sectors' efforts are lagging, the council said in a report. The transport ministry's assumptions on the effectiveness of the planned measures for cutting emissions are also "optimistic," the council said. "There is a lack of a coherent and consistent overall concept and an overarching framework of measures," the report concluded.
Persons: Lukas Barth, Hans, Martin Henning, Riham Alkousaa, Paul Simao Organizations: REUTERS, Rights, Free Democratic Party, Thomson Locations: Munich, Germany, Europe
Not so long ago, landing a helicopter on a Broadway stage was kind of a big deal. In “El Mago Pop,” the charming, thrilling, silly Broadway show by the Spanish illusionist Antonio Díaz, it is one of the more minor stunts. Like most professional magicians, he discovered magic early and worked at it obsessively, a process he details in a long video sequence that begins the brief show. He is short and slight, with long, nimble fingers — watch those fingers when you can, the precision and economy are gorgeous — and a high, fast voice. But maybe that’s what happens when the boy next door comes to Broadway.
Persons: El Mago, Antonio Díaz, Díaz, Doug Henning, Ethel Barrymore, Mag Locations: Spanish, Barcelona, Spain
African American Studies has had a tumultuous journey since its official rollout in February, when it emerged that the College Board had revised the course’s content. African American studies is interdisciplinary, encompassing concepts from history, sociology, politics, legal studies, arts and culture. But the College Board removed or watered down key subjects and concepts from the course framework, such as critical race theory and mass incarceration. The College Board said it “rejects the notion that the A.P. African American studies course is indoctrination in any form.” And it pointed out that more than 200 colleges have already agreed to provide credit for the class, including the University of Arkansas at Fayetteville, the state’s flagship public postsecondary institution.
Persons: Ron DeSantis, , Sarah Huckabee Sanders, Jacob Oliva, DeSantis, Alexa Henning, Huckabee Sanders, Organizations: American Studies, College Board, Gov, Florida Republican, Board, Republican, Arkansas Department of Education, Twitter, The, University of Arkansas Locations: Florida, Arkansas, Fayetteville
CNN —Astronomers have detected water vapor swirling close to a nearby star — indicating that the planets forming around it might someday be able to support life. Water vapor mysteryAstronomers were surprised to discover water vapor near the star given its age. The presence of water vapor suggests the planets could contain water in some form. Webb's Mid-Infrared Instrument detected emission lines from water vapor in the inner disk around the star. The research team plans to observe the system with Webb more in the future to reveal additional secrets as a planetary system takes shape.
Persons: Olmsted, Webb, , , Giulia Perotti, Max Planck, Rens Waters, Thomas Henning Organizations: CNN —, NASA, ESA, CSA, J, Max, Max Planck Institute, Astronomy, Radboud University Locations: Heidelberg, Germany, Netherlands
Singapore, meanwhile, can lay claim to the largest timber building in Asia with a sprawling 468,000-square-foot college campus that opened in May. Now, real estate developer Atrium Ljungberg has announced plans to build the world’s largest “wooden city,” which will be constructed in Sweden’s capital, Stockholm, from 2025. Stockholm Wood City will feature 7,000 office spaces and 2,000 homes in the city’s southeast, and will offer “a vibrant, urban environment with a mix of workplaces, housing, restaurants and shops,” according to a press release. Stockholm Wood City's developers say it will be the largest timber construction project in the world. The first buildings in Stockholm Wood City, which is being designed by architecture firms White Arkitekter and Henning Larsen, are set to complete in 2027.
Persons: Ljungberg, , Annica Ånäs, ” Ånäs, White Arkitekter, Henning Larsen Organizations: CNN, Ljungberg, Stockholm Wood, McKinsey Locations: Norway, Switzerland, Australia, Singapore, Asia, , Stockholm, Stockholm Wood, Sickla, Sweden, Stockholm Wood City
European gas prices jump 50% in June
  + stars: | 2023-06-16 | by ( Anna Cooban | ) edition.cnn.com   time to read: +4 min
Prices reversed course mainly because of longer-than-expected maintenance outages at key gas plants in Norway, analysts told CNN. “The recent price rally shows just how sensitive the European market is to disruption,” said Bill Weatherburn, a commodities economist at Capital Economics. European natural gas prices are still far below their levels last summer, when the continent found itself locked in an energy standoff with Russia following Moscow’s invasion of Ukraine. The field is one of the biggest in the world but now accounts for just a fraction of Europe’s gas supply. “The European gas market — and by extension the global gas market — [is] certainly not out of the woods in terms of adequately matching supply with demand,” Tom Marzec-Manser, head of gas analytics at ICIS, told CNN.
Persons: , Bill Weatherburn, Tom Marzec, ” Massimo Di Odoardo, Wood Mackenzie, ” Henning Gloystein, Di Odoardo Organizations: London CNN, Benchmark, Independent Commodity Intelligence Service, CNN, Capital Economics, European Union, Gas, Gas Infrastructure, Wood, Eurasia Group, Norway “ Locations: Norway, Russia, Ukraine, Moscow, Europe, Netherlands, Groningen, , Gas Infrastructure Europe, Japan, South Korea, Asia, Russian
The World’s Demand for Oil Is Set to Slow
  + stars: | 2023-06-14 | by ( Stanley Reed | ) www.nytimes.com   time to read: +1 min
Unease about prospects for global oil demand may account for this market malaise, analysts say. The agency’s report is likely to add to fears among oil traders that China, for decades the key driver of global oil demand growth, no longer performs this role. Growth in its consumption of oil is expected to slow, especially in the latter years of the forecast, which runs through 2028. There is a “dawning realization that China’s economic recovery from Covid isn’t producing the same sort of oil demand growth that China had prepandemic” said Henning Gloystein, a director at Eurasia Group, a political risk firm. These vehicles will mean that three million barrels a day of oil a day that might have been consumed will instead remain in the ground.
Persons: lockdowns, isn’t, prepandemic ”, Henning Gloystein Organizations: Brent, Eurasia Group, International Energy Agency Locations: Riyadh, China
CNN —The trainer of two horses that died at Belmont Park – home of the Belmont Stakes – said he has been left “heartbroken” and “devastated” by the news. In the first race at Belmont Park on Sunday, Mashnee Girl fell near the quarter pole, according to industry-owned database Equibase, before being euthanized on the track. The horse suffered an injury leaving the backstretch, was pulled up, and euthanized on the grass track, according to Equibase. I spoke to both of them and they both told me how well the horses were travelling under them, before taking a tragic bad step.”At Belmont Park, New York, four horses died while racing or training in the period from May 13 to Saturday’s Belmont Stakes. We will continue to grieve and pray over the loss of these two beautiful horses.”
Persons: , , , Mark, Hennig, Mashnee, Excursionniste, ” Hennig, Pat McKenna, Kathy Guillermo, NYRA Organizations: CNN, Belmont, Arcangelo, ” New York Racing Association, Kentucky Derby, PETA Locations: Belmont, , Belmont Park , New York, Churchill Downs
“This study suggests that taurine could be an elixir of life within us,” Yadav said in an earlier news release on the study, which published Thursday in the journal Science. Considered a non-essential amino acid, taurine exists in the brain, retina and nearly every muscle and organ tissue in the body. Taurine-fed worms lived longer and appeared healthier, but taurine “had no effect on yeast,” Yadav said. More than one solutionThe field of anti-aging is exploding, with taurine just one of many potential pathways to the holy grail of longer life. In the end, science is going to need “100 different kinds of taurine,” Lithgow said.
Persons: CNN —, taurine, Vijay Yadav, ” Yadav, Henning Wackerhage, , , Walter Willett, Harvard T.H, ” Willett, Gordon Lithgow, I’m, it’s, Lithgow, ” Lithgow, “ You’ve, taurine “, Wackerhage, Yadav, Taurine, Pieter Cohen, Cohen, ” Cohen, There’s, “ It’s Organizations: CNN, Columbia University, Technical University of Munich, Harvard, of Public Health, Harvard Medical School, Buck Institute, Disease, US Food and Drug Administration, Research, Cambridge Health Alliance, taurine Locations: New York City, Germany, Chan, Novato , California, Somerville , Massachusetts
Russia's role as a global energy player is set to diminish, and the U.S. and Qatar are among a slew of nations ready to fill its shoes, analysts told CNBC. "Russia's global LNG supply share will almost certainly decline this decade," Henning Gloystein, a director for energy, climate, and natural resources at political consultancy Eurasia Group told CNBC. He noted that its role in the liquefied natural gas space was retreating even before the country's invasion of Ukraine last year. Western sanctions, which resulted from the onslaught of its neighbor, further sapped most foreign investment out of Russia's LNG sector. He added that the total capacity for Russia's LNG facilities to produce natural gas will remain flat at 37 million tons over the next few years.
Men make up most early adopters of electric cars, while women account for most EV skeptics. Here is who they are and what they're looking for. The adopters' top three prioritized vehicle features include addressing concerns about CO2 emissions and air pollution, vehicles that are unique, and a vehicle that keeps its value. They're also the most flexible of buyers regarding the range they're looking for in an EV. Given that, "I think we'll potentially start to see a shift in terms of what the range of features within electric vehicles is."
California Gov. Gavin Newsom is traveling to red states to tout the progressive agenda. Gavin Newsom of California already had a plan in the works to go on offense against Republican governors. California Gov. California Gov.
REUTERS/Mike SegarMarch 21 (Reuters) - Arkansas Governor Sarah Huckabee Sanders on Tuesday signed a law targeting the trans community, prohibiting transgender people from using the restroom that matches their gender identity at public schools. The law requires schools to provide reasonable accommodations, that include single-person restrooms and changing areas. School authorities that violate the law can face fines of at least $1,000, and parents can also file lawsuits to enforce the measure. Similar laws directed at transgender youth have been enacted in Alabama and Oklahoma. read moreRepublican legislators across the United States have escalated a campaign to ban certain healthcare for transgender youth, in some cases seeking to charge parents and doctors with child abuse if they provide treatment.
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