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☆ Man Is Charged After Hitting Pro-Palestinian Protester With His Car
▼ + stars: | 2024-05-08 | by ( Hurubie Meko | ) www.nytimes.com time to read: +1 min

A man who got into an argument with pro-Palestinian demonstrators before hitting one with his car on the Upper East Side of Manhattan on Tuesday has been charged with assault, according to the police. In reaction, the demonstrators hit Mr. Kahane’s car. Mr. Kahane was charged with second-degree assault. Mr. Kahane was arraigned Wednesday morning and released without bail. The Manhattan district attorney’s office declined to prosecute Ms. Novak and Mr. Rozendaal, according to a statement.

Persons: Reuven Kahane, Kahane, Maryellen Novak, John Rozendaal, Novak, Rozendaal Organizations: Weill Cornell Medical Center Locations: Manhattan

☆ Macy's proxy fight is over, but the battle for the department store's future wages on
▼ + stars: | 2024-04-13 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +7 min

Arkhouse then launched its proxy fight and put forward nine nominees to Macy's 15-person board. Turning the tideOther department store chains have faced challenges from activists in recent years, and even when those efforts fall short, the pressure can bring about sweeping changes. That includes Macy's locations with stronger sales as well as its two chains that have outperformed the namesake brand, higher-end department store chain Bloomingdale's and beauty chain Bluemercury. Arkhouse claims Macy's refused to engage with it, and Macy's rebuffed Arkhouse saying it didn't have the financing for the takeover it proposed. Arkhouse, for its part, has said it plans to keep Macy's stores open.

Persons: Bing Guan, Tony Spring, Arkhouse, Neil Saunders, Macy's, Michelle Gass, Levi Strauss, Chip Bergh, Ben Hider, —, GlobalData's Saunders, It'll, Gavriel Kahane, Kahane, it's Organizations: Macy's Inc, National Retail Federation, Bloomberg, Getty, Arkhouse Management, Capital Management, American, Brigade, Levi, Herald, Sears, CNBC, Macy's, Fortress Investment Group, One Investment Management Locations: Herald, New York, Macy's, New York City

☆ Macy's settles proxy fight with activist Arkhouse, adds two directors
▼ + stars: | 2024-04-10 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

Department store Macy's on Wednesday said it had settled its proxy fight with an activist group led by Arkhouse Management, and that it would add two new directors to its 15-person board. The reshuffle moves Macy's closer to a deal that would take the 165-year-old department store private. Ric Clark, a former executive at Brookfield, and Rick Markee will join Macy's board effective immediately. Arkhouse first submitted an offer to take the retailer private in 2023. The investment-firm-turned-activist then launched a proxy fight at the company in February, putting up a nine-director slate.

Persons: Ric Clark, Rick Markee, Markee, Clark, Macy's, Arkhouse, Jonathon Blackwell, Gavriel Kahane Organizations: Arkhouse Management, Brookfield, Brigade Management

☆ Arkhouse's Gavriel Kahane on Macy's bid: Our business plan is not to close stores
▼ + stars: | 2024-03-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailArkhouse's Gavriel Kahane on Macy's bid: Our business plan is not to close storesCNBC’s Leslie Picker with Gavriel Kahane, Arkhouse managing partner, joins 'Power Lunch' to discuss Arkhouses's bid to buy Macy’s.

Persons: Gavriel Kahane, CNBC’s Leslie Picker, Arkhouse Organizations: Macy's

☆ Activist Arkhouse launches proxy fight at Macy's, nominates nine directors
▼ + stars: | 2024-02-20 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

Investment firm Arkhouse Management has launched a proxy fight at Macy's , nominating a slate of nine directors for election to the department store's board. Macy's on Tuesday confirmed that it had received notice of the nominations from Arkhouse, which made an unsolicited $21-a-share bid for the company in December. Macy's board rejected that $5.8 billion offer and questioned the status of Arkhouse's financing. Arkhouse managing partner Gavriel Kahane previously told CNBC that the firm's financing was committed, citing a "highly confident" letter from Jefferies, but said Macy's had not allowed due diligence to occur. Arkhouse had also intimated it would be willing to launch a proxy fight at the retailer.

Persons: Macy's, Gavriel Kahane, Jefferies, Arkhouse Organizations: Arkhouse Management, CNBC, CNBC PRO

☆ New Macy's CEO Tony Spring looks to revive a 166-year-old retailer fighting for relevance
▼ + stars: | 2024-02-04 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +9 min

Spring is former CEO of Bloomingdale's and begins as Macy's CEO in February 2024, succeeding longtime Macy's CEO Jeff Gennette, right. Spring will step onto a bigger stage and inherit the iconic department store's issues when he takes over the role of Macy's CEO on Sunday. He said after leading "the better-run part of the business" in Bloomingdale's, Spring needs to bring those "softer skills" to Macy's. Wooing investors and brandsIn his new role, Spring will have to charm investors, shoppers and hot brands. Macy's struggles have turned the retailer into a target for the activist investors Spring will face down as he becomes CEO.

Persons: Spring, Jeff Gennette, Melissa Repko, Macy's, Tony Spring, Bloomingdale's, Neil Saunders, Gennette, Tony, I'm, Sandro, Alice, Olivia, GlobalData's Saunders, Saunders, Jan, Arkhouse, Gavriel Kahane Organizations: CNBC, Herald, Investors, Maxx, Walmart, Cornell University, Arkhouse Management, Brigade Capital Management Locations: New York, Macy's, White Plains , New York, Bloomingdale's

☆ Arkhouse has financing in place for a Macy's take-private, managing partner Kahane says
▼ + stars: | 2024-01-25 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

Arkhouse has the financing in place to take Macy's private at a bid of $5.8 billion, managing partner Gavriel Kahane told CNBC Thursday, but the activist investor has run into roadblocks without the department store retailer's cooperation on due diligence. Arkhouse has previously said it would take "all necessary steps" to acquire Macy's, including going directly to shareholders. Kahane's Arkhouse and Brigade Capital submitted an unsolicited bid to Macy's management in December to take the company private at $21 a share, a premium of more than 32%. Arkhouse also said it could raise its bid above the original $21-per-share offer, but only if the Macy's management was willing to sign a mutual non-disclosure agreement and permit diligence to begin. Macy's board rejected that offer on Sunday, saying in part that it believes it is "highly unlikely" Arkhouse and Brigade's proposed financing "could be successfully executed."

Persons: Arkhouse, Gavriel Kahane, Kahane, Kahane's Arkhouse, Macy's, Jeff Gennette Organizations: CNBC, Brigade Capital, Investment, Jefferies, Brigade

☆ Certainly not done with pursuit of Macy's acquisition, says Arkhouse's Kahane
▼ + stars: | 2024-01-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCertainly not done with pursuit of Macy's acquisition, says Arkhouse's KahaneGavriel Kahane, Arkhouse Management managing partner, joins 'Money Movers' to discuss what's next in Arkhouse's plans to take Macy's private, why Arkhouse and Brigade want to own Macy's in the first place, and more.

Persons: Arkhouse's Kahane Gavriel Kahane, what's, Arkhouse Organizations: Arkhouse Management, Brigade

☆ 25 experts calculated the scenarios they think could play out in the US-China relationship. All the results are bleak.
▼ + stars: | 2024-01-22 | by ( Matthew Loh | ) www.businessinsider.com time to read: +8 min

Read previewThe future of US-China relations looks grim, according to a new report by a group of 25 experts on both countries. And US scientists might find a mysterious avian flu in China, while China detains five Americans on accusations that they broke the law. Advertisement"Instead, the war scenario is a scenario of increasing crises leading to increasing distrust in diplomatic solutions," he said. 2) A zero-sum bloc gameOr US-China trade could fall to all-time lows by the late 2020s, with competition ramping up over AI, quantum computers, and other technology, the analysis said. Seyle emphasized that the analysis isn't presenting forecasts, but theoretical scenarios that hit areas of concern in broad strokes.

Persons: —, Trump, Pax Sapiens, Conor Seyle, BRICS, Saudi Arabia —, calculatingly, Seyle, Ren Libo, Adam Kahane of Organizations: Service, Business, Obama, People's Liberation Army, Observers, Pentagon, Pax Sapiens, WTO, Grandview Institute, Adam Kahane of Massachusetts, Reos Partners Locations: China, Beijing, Washington, Taiwan, Taipei, Pax, Europe, Asia Pacific, Brazil, Russia, India, Saudi Arabia, America, Africa, United States, Latin America, Southeast Asia, US

☆ Doritos' new AI software lets you crunch chips during calls without annoying your friends
▼ + stars: | 2023-11-27 | by ( Alex Bitter | ) www.businessinsider.com time to read: +2 min

Doritos developed an AI to silence chewing sounds on calls, especially gaming sessions. AdvertisementGamers, remote workers, and others who annoy others with chewing Doritos during their calls have a new tool to silence the noise. Doritos Silent, made by the PepsiCo-owned chip brand, cancels the sound of chewing on voice calls. Smooth Technology, an engineering and design studio, worked with Doritos to create Doritos Silent, the chip brand said in a statement. AdvertisementCreating the software involved recording roughly 500 people eating Doritos, Dylan Fashbaugh, lead developer at Smooth Technology, told the Post.

Persons: Doritos, —, Mustafa Shamseldin, Fernando Kahane, Indra Nooyi, Dylan Fashbaugh, Fashbaugh Organizations: Service, PepsiCo, Washington, Technology, Smooth Technology

According to the United Nations, there are now some 5.9 million Palestinian refugees worldwide, most of them descendants of that 1948 generation of exiles. The struggle of the Palestinians is felt especially keenly in Jordan, where more than half of the population is either Palestinian or of Palestinian descent – including more than two million Palestinian refugees. But that passion for the Palestinian cause resonates across the Arab world that is home to more than 450 million people. Young people from across the Arab world have chanted the very same rallying cries their parents and grandparents chanted before them. Leon Neal/Getty Images“For much of the Arab world, the question of Palestine represents the last colonized Arab people trying to gain their freedom,” said H.A.

Persons: Hussein, Abdel, Munim Dababsheh, Israel, Hatem Moussa, Gazans, Antony Blinken, Blinken, Abdel Fattah el, Sisi, ”, Dababsheh, won’t, “, Mustafa Hamarneh, ” Hamarneh, CNN’s Clarissa Ward, Rahma Zein, Leon Neal, Ahmed El, Saied, Alya, Bezalel Smotrich, Itamar Ben Gvir, Meir Kahane, Ben Gvir’s, Ayala Nimrodi, Benjamin Netanyahu, ” Hellyer, Hanya, ” CNN’s Claudia Otto, Aqeel Najim Organizations: Jordan CNN —, United Nations, Camp, West Bank, Israel, European Union, Israel Defense Forces, Press, UNRWA, Tel Aviv University, Sunday, Getty, Carnegie Endowment, International Peace, Royal United Services Institute, Hamas, Finance, National, CNN Locations: Amman, Jordan, Jabal Al, Jordanian, Palestine, America, ”, Israel, Gaza, Egypt, Deir al, Palestinian, reoccupying Gaza, Rafah, Lebanon, Libya, Tunisia, Iraq, Yemen, Kuwait, Iran, Young, Tel Aviv, London, Baghdad, Huwara

Summary Abraham Accords meant to lead to wider normalisationBut four new Arab partners of Israel now in tough spotHow to deal with rightists without ditching Palestinians? It is expected to be the widest-ranging deal of its kind between Israel and an Arab state. "This is the proof that one can make peace without concessions, without capitulation - but rather, peace, peace, between people who have affection for one another," he said in comments published by the conservative Israel Hayom newspaper. “Arab countries who formed normalisation ties with the state of occupation are required more than ever to revise these agreements,” he told Reuters by phone. Netanyahu has pledged to build on the achievement during his previous term of the Abraham Accords that opened the way for a possible normalisation of relations with other Arab countries.

☆ Analysis: Will Netanyahu clip the wings of his new cabinet hawks?
▼ + stars: | 2022-12-30 | by ( Dan Williams | ) www.reuters.com time to read: +6 min

Both are West Bank settlers averse to Palestinians' self-rule - let alone their hopes of statehood. Netanyahu's previous 15 years as premier saw him feathering the nests of the hawks in his cabinet - or clipping their wings - as he deemed necessary. But that may have to wait, as Ben-Gvir's portfolio does not grant major powers in the West Bank, which is under the overall control of the military. Arguably, Ben-Gvir, 46, and Smotrich, 42, can afford to shelve some of their agendas for this round with Netanyahu, 73. Smotrich's advocacy of Jewish claims on the West Bank is informed by a doctrinaire faith in Bible prophesy.

☆ Factbox: Top ministers in Israel's new religious-nationalist cabinet
▼ + stars: | 2022-12-29 | by ( ) www.reuters.com time to read: +4 min

JERUSALEM, Dec 29 (Reuters) - Israeli Prime Minister-designate Benjamin Netanyahu has unveiled his new government that includes religious and nationalist parties. In the past, he has agitated against Israel's Arab minority citizens, condemned LGBT activists and called the justice system too liberal. NATIONAL SECURITY MINISTER ITAMAR BEN-GVIRA West Bank settler who heads the far-right Jewish Power party, Ben-Gvir secured an expanded cabinet ministry in charge of police. His appointment to the new Netanyahu government has been challenged in Israel's Supreme Court given his conviction for tax fraud - without prison time - last year. Shas, along with another ultra-Orthodox party, United Torah Judaism, has long raised concerns among secular liberals by demanding welfare benefits and military draft exemptions for its constituents.

☆ Israel’s Netanyahu given chance to form far-right government
▼ + stars: | 2022-11-11 | by ( Associated Press | ) www.nbcnews.com time to read: +3 min

He will formally present Netanyahu with the task on Sunday and give him a month to cobble together a governing coalition with a majority in the 120-seat Knesset. Netanyahu had governed Israel for 12 successive years before being being ousted by a broad but fragile coalition in 2021. Those recommending Netanyahu included Ben Gvir’s Jewish Power party, the ultranationalist Religious Zionist party, the openly homophobic Noam faction, and other ultra-Orthodox parties. Like its previous repeated elections, Israel’s Nov. 1 vote was largely centered on Netanyahu’s fitness to rule. Critics see him as a crook who threatens Israel’s democratic institutions by placing his legal woes above the national interest.

☆ Israel's Ben-Gvir booed as he disavows far-right rabbi
▼ + stars: | 2022-11-10 | by ( Dan Williams | ) www.reuters.com time to read: +3 min

Israeli TV aired his eulogy for Kahane, who was shot by an Egyptian-American militant in Manhattan 32 years ago this week. Ben-Gvir also supports Jewish prayer on a flashpoint Jerusalem holy site that houses al-Aqsa mosque and which is a vestige of ancient Jewish temples. "We'll see who gets to be in these positions and what positions they take vis-a-vis their positions," U.S. Ambassador Tom Nides told Israel's Kan radio when asked about Ben-Gvir during a Wednesday interview broadcast on Thursday. Reporting by Dan Williams; Additional reporting by Henriette Chacar; Editing by Howard GollerOur Standards: The Thomson Reuters Trust Principles.

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