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Shares of Linde fell on Thursday after the industrial gas giant reported mixed first-quarter results and its guidance left some investors wanting more. We're not sure of the rationale for excluding it but that explains why we're not fretting about Linde's lack of guidance raise. Guidance For the second quarter, Linde projects adjusted EPS between $3.70 and $3.80, which implies 5% to 7% year-over-year growth, excluding currency impacts. As always with Linde, the midpoint of the guidance assumes no economic improvement. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Linde, , Sanjiv Lamba, Matthew White, White, Lamba, Eaton, We're, we're, Jim Cramer's, Jim Cramer, Jim, Michaela Rehle Organizations: Linde, Revenue, LSEG, Products, Management, LIN, Nvidia, CNBC Locations: Munich, Pullach, Germany
Read previewFast-food franchisees in California are desperately looking for ways to cut costs as the state's $20 minimum wage for workers at limited-service restaurants kicks in. Mendelsohn, the El Pollo Loco franchisee, told NPR that her preemptive price increases had already deterred some customers. William Blair analyst Sharon Zackfia expects some restaurants in California to turn to digital kiosks as labor costs rise. Spending less on operationsBeyond labor, restaurants are looking for other ways to save on their operating costs. Alex Johnson, the Auntie Anne's Pretzels and Cinnabon franchisee, told the AP that he wasn't looking at opening any more locations in California.
Persons: , Michaela Mendelsohn, Alexi Rosenfeld, Alex Johnson, Anne's Pretzels, he'd, Marcus Walberg, Mendelsohn, Brian Hom, Walberg, Sharon Zackfia, William Blair, Grace Dean, Kris Stuebner, Scott Rodrick Organizations: Service, Business, El, Loco, NBC Los Angeles, Associated Press, El Pollo Loco, NPR, Wall Street Journal, CNN, KFC, Management Corporation, ABC, Fox News, AP Locations: California, Los Angeles County, Los Angeles, San Jose
CNN —As of Monday, about half a million fast food workers in California are making at least $20 per hour, $4 higher than the overall state minimum wage. This council can also recommend standards for fast-food worker safety and work with existing state agencies to investigate issues like wage theft. Mendelsohn, who owns six El Pollo Loco locations, has long championed workers’ rights, including helping trans workers connect with jobs. “I just wish it was being done over a longer period of time and it wasn’t just fast food,” Mendelsohn said. Additionally, they hope the council can discus fair working conditions, including wage theft, excessive heat and violence at work.
Persons: , , Jaylene Loubet, We’re, Michaela Mendelsohn, Scott Rodrick, Rodrick, ” Rodrick, it’s, I’ve, Mendelsohn, you’re, ” Mendelsohn, Loubet, ” Loubet, isn’t Organizations: CNN, El, Workers, Locations: California, San Francisco Bay, , Los Angeles
Read preview"Black Mirror," the ground-breaking dystopian anthology series, is trying something new for season 7: its first sequel episode. No casting has been confirmed yet for the sequel episode. "USS Callister" tells the story of a game creatorJesse Plemons as Robert Daly in "Black Mirror" episode "USS Callister." AdvertisementThe sequel episode will likely follow the remaining crew members entering Infinity and interacting with real players. Season 7 will be the fourth season made by NetflixCristin Milloti as Nanette Cole in "Black Mirror" episode "USS Callister."
Persons: , Anne Mensah, " Mensah, Robert Daly, Cristin Milloti, Michaela Coel, Jimmi Simpson, Billy Magnussen, Aaron Paul, Plemons, Kirsten Dunst, Plemons didn't, Jesse Plemons, Daly, Robert, Netflix Cristin Milloti, Nanette Cole, Jonathan, Charlie Brooker, Brooker Organizations: Service, Netflix, Business, Plemons, Guardian, Channel Locations: London, British
GRUENHEIDE, Germany (AP) — Tesla CEO Elon Musk visited the electric car maker's first European plant Wednesday as production resumed at the factory just outside Berlin about a week after a suspected arson attack cut its power supply. Musk was expected at a “team huddle” with employees at the plant in the Gruenheide municipality, employee council chief Michaela Schmitz told regional broadcaster RBB's Inforadio channel. Production at Tesla’s plant in Gruenheide came to a standstill on Tuesday last week. The power outage came as environmental activists have been protesting in a forest near the plant against plans to expand the facility. That has drawn opposition from environmentalists and some other local groups, who also worry about possible effects on the area’s water supply.
Persons: — Tesla, Elon Musk, Musk, Michaela Schmitz, Schmitz, Tesla Organizations: RBB's, ” Authorities, Volcano Locations: GRUENHEIDE, Germany, Berlin, Gruenheide, Brandenburg
Even though my name caused some issues while growing up, I'm glad it's completely different from my sister's. Our parents couldn't agree on namesPart of the reason my sister and I have such different names is that our parents had different opinions on popular names versus unique names. I'm glad I was given a completely different name from my twinOver the years, some people have asked why our parents gave us such different names. For example, in Good To Know's round-up of the 500 best twin baby names in 2023, names like "Aida and Ava" and "Gabriella and Isabella" topped the list. SJ Strum, a baby-name expert based in the UK, told me she's noticed that rhyming twin names have decreased in recent years.
Persons: , I've, Aimee, it's, I'd, couldn't, Amy, Emma, Mikhaila, Mikhaila Friel, Mikhail, Michaela, Mickey, I'm, We've, Aida, Ava, Gabriella, Isabella, SJ, she's, Strum Organizations: Service, Business, National Records of, National Records Locations: Glasgow, Scotland, Russia
As the teacher started to count down, the students uncrossed their arms and bowed their heads, completing the exercise in a flash. One,” the teacher said. Pens across the room went down and all eyes shot back to the teacher. Under a policy called “Slant” (Sit up, Lean forward, Ask and answer questions, Nod your head and Track the speaker) the students, aged 11 and 12, were barred from looking away. When a digital bell beeped (traditional clocks are “not precise enough,” the principal said) the students walked quickly and silently to the cafeteria in a single line.
Persons: Ozymandias, Percy Bysshe Shelley — Organizations: Michaela Community School Locations: London
A better and more interesting conversation about comedy and the disabled is not whether people should be allowed to crack disability jokes (they are) or if disability can even be funny (it absolutely can be). The real question is who should be telling these jokes and how the lived experience of disability — punching up, rather than down — can make for radical, truly edgy comedy. Telling jokes about yourself, rather than dunking on others, is a true art form, and disability comedy threads that needle in a way that sometimes makes audiences uncomfortable, pushing at their understanding of disability in society and culture. One reason disability is so terrifying is the unknown factor, since many nondisabled people think they don’t know anyone disabled or that disability itself is a taboo topic, when in fact making disability funny can be accessible and disarming. Some 20% of the US population is disabled, and disability is one of the few marginalized identities that you can take on at any moment.
Persons: CNN —, Shane Gillis, Michaela Oteri Gillis, Dave Chappelle’s “, “ There’s, ” Chappelle, there’s, Gillis, Chappelle, That’s, they’re, Maysoon, coy, disablism, Pat Loller, Harold Foxx, Josh Blue, Steve Lee, Danielle Perez, Nina G, Bo Burnham’s, Gillis ’, They’re, Organizations: CNN, SNL, Netflix, NBC Locations: Northern California, British, Palestinian American, Afghanistan
Read on to find out how these trendsetters are transforming the art of data-driven customer experience. If you skip this essential step, it will lead to scalability problems when building out a customer engagement strategy. Day to day, he said that means a lot of brainstorming on new ways to approach customer experiences, managing and optimizing campaigns, developing and maintaining customer data, and managing a CRM. Corey recommends that leaders looking to implement data-driven customer engagement strategies invest resources early into building a cross-functional team focused on internal customer data. "When everyone is looking at customer experience through the same lens, it rapidly improves efficiency and collaboration," Corey said.
Persons: they've, Read, Alexandra Dimitriu Alexandra Dimitriu, Alexandra Dimitriu Alexandra, Alexandra, Brad Greene, Brad, Michaela Kron, Duolingo, Jordan Dietch Jordan Dietch, Jordan Dietch Jordan, he's, Jordan, Corey Egan Corey Egan, Corey Egan Orchard, Corey Organizations: Insider Studios Locations: MongoDB, Orchard
How Crow uses his 160 foot yacht has drawn the attention of Senate Finance Committee investigators, who are probing Crow's financial and personal ties to Supreme Court Justice Clarence Thomas. Thomas and his wife Ginni Thomas have taken several cruises aboard the ship, the Michaela Rose, including trips around Indonesia and New Zealand. Rochelle Charter, Inc., which was formed by the Crow family to lease out the yacht, reported tax-deductible business losses in 10 of the 13 years for which ProPublic has records. In order for business losses to be deducted from federal income taxes, a company must be engaged in an actual business with paying customers. "Mr. Crow engages professional accounting firms to prepare his tax returns and complies with tax law in good faith.
Persons: Clarence Thomas, Al Drago, Harlan Crow's, Crow, Thomas, Ginni Thomas, Michaela Rose, Ron Wyden, Sen, Erin Scott, ProPublic, Wyden, Harlan Crow, Mr Organizations: U.S, Supreme, White, Washington , D.C, Bloomberg, Getty Images WASHINGTON — Billionaire, IRS, CNBC, Finance, Democratic, Reuters Tax, Inc, Internal Revenue Service Locations: Washington ,, Indonesia, New Zealand, Washington, Rochelle
If you were among the many who wondered why anyone would make a "Mr. and Mrs. Smith" reboot, this time without Brad Pitt and Angelina Jolie, when the project was announced in 2021, you'd be forgiven. "Mr. and Mrs. Smith," co-created by Donald Glover and Francesca Sloane (who previously worked with Glover on "Atlanta") remixes the film's premise. AdvertisementThis central relationship is the true hook of "Mr. and Mrs. Smith," a show that's more about cultivating intimacy and vulnerability than it is espionage. While a previous iteration of the series starred "Fleabag's" Phoebe Waller-Bridge alongside Glover, it's hard to imagine "Mr. and Mrs. Smith" without Erskine. All eight episodes of "Mr. and Mrs. Smith" are streaming now on Prime Video.
Persons: Smith, Brad Pitt, Angelina Jolie, you'd, Pitt, Jolie, Donald Glover, Francesca Sloane, Glover, John, Jane Smith, Maya Erskine, Jane, David Lee, Erskine's Jane, Glover's John Smith, they've, Sarah Paulson, Michaela Coel, Paul Dano, Toby, Ron Perlman, Fleabag's, Phoebe Waller, it's, Erskine, Glover's John, Erskine elucidates, David Fleming's unnerving Organizations: Service, Business, New, New York City Locations: New York City, New York
PORTLAND, Maine (AP) — A Maine judge on Wednesday paused an election official’s decision on former President Donald Trump’s ballot status to allow time for the U.S. Supreme Court to rule on a similar case in Colorado. Trump’s lawyers appealed in state court when Secretary of State Shenna Bellows removed the Republican front-runner from the presidential primary ballot but then asked the judge to pause proceedings to allow the U.S. Supreme Court to rule on the Colorado case, which could render the lawsuit moot. She became the first election official to ban Trump from the ballot under the 14th Amendment. Political Cartoons View All 253 ImagesBellows, a Democrat, delayed implementation of her decision pending the outcome of the court cases. The U.S. Supreme Court scheduled arguments for Feb. 8.
Persons: Donald Trump’s, State Shenna Bellows, Michaela Murphy, Bellows, , Trump, Democrat Joe Biden Organizations: U.S, Supreme, State, Republican, Trump, Constitution, U.S . Capitol, Capitol, Democrat Locations: PORTLAND, Maine, Colorado, U.S
Brad Falchuk remembers earning his first real writer's credit on the sci-fi series “Earth: Final Conflict” in 2001. This month, Falchuk debuted his first Murphy-less project, a dark comedy he co-created with newcomer Byron Wu, called “The Brothers Sun.” It's under his Brad Falchuk Teley-Vision banner. Falchuk also served as co-showrunner with Wu in an otherwise all-Asian writers room. Wu credits Falchuk for pushing him — and the other writers — to authenticate their writing. Falchuk and Wu landed Oscar winner Michelle Yeoh for the pivotal role of the mother, Eileen.
Persons: Brad Falchuk, Falchuk, , “ Nip, Tuck, Ryan Murphy, Murphy, Byron Wu, It's, Brad Falchuk Teley, Wu, ” Falchuk, , , Charles, Justin Chien, Bruce, Sam Song Li, Oscar, Michelle Yeoh, Eileen, Said Wu “, ‘ I’m, ” Yeoh, Yeoh, He’s, we’ve, ” Yeoh relishes, Jessica Lange, Angela Bassett, Sarah Paulson, Billy Porter, Evan Peters, Lea Michele, Darren Criss, Michaela Jaé Rodriguez, , that’s Organizations: Beverly Wilshire Locations: Taipei, Los Angeles
CNN —On Monday night, the British Fashion Council orchestrated its annual British Fashion Awards — a star-studded ceremony in London aimed at encouraging new, trailblazing designers, as well as honoring stalwarts of the industry. Across the red carpet, sequins, velvet and red tones conquered in what was a decidedly festive sartorial palette. Gareth Cattermole/Getty ImagesAnne Hathaway stunned onlookers in vintage Valentino. Gareth Cattermole/Getty ImagesRita Ora wore Primark, a nod to her latest collaboration with the high-street retailer. Gareth Cattermole/Getty ImagesPamela Anderson rocked the no makeup look once more, wearing a Gareth Cattermole/Getty Images Europe/Gareth Cattermole/Getty Images
Persons: Anne Hathaway, Gwnyeth Paltrow, Pamela Anderson, Taylor Russell, Paloma Elsesser, Kate Moss, Alexa Chung, Laura Whitmore, Sam Smith, Iris Law, Vivienne Westwood, Caroline Rush, Richard Quinn, Queen Elizabeth II, Neil Mockford, Loewe, Gareth Cattermole, Amal Clooney, Versace, Joe Maher, Dominic Lipinski, Lewis Hamilton, Wales Bonner, Getty, Michaela Coel, Suki Waterhouse, David Fielden, Valentino, Gwyneth Paltrow, Paltrow, Valentino Garavani, Giancarlo Giammetti, Gillian Anderson, Rita Ora, Isamaya Ffrench Organizations: CNN, British Fashion Council, Alexa, Getty Locations: London, British, LA, Europe
'SportScheck' store is seen closed due to the coronavirus disease (COVID-19) pandemic in Munich, Germany, February 5, 2021. REUTERS/Michaela Rehle/File Photo Acquire Licensing RightsBERLIN, Nov 30 (Reuters) - German sporting goods retailer SportScheck, part of the debt-addled Austrian property empire Signa, will file for insolvency with a court in Munich on Thursday, the DPA news agency and other German media reported. The court was not immediately available for comment and SportScheck was not reachable. Signa declared insolvency on Wednesday after last-ditch attempts to secure fresh funding failed, making it the biggest casualty so far of a property crash in Europe driven by a sharp rise in interest rates and building costs. Reporting by Matthias Inverardi and Rachel More, editing by Kirsti KnolleOur Standards: The Thomson Reuters Trust Principles.
Persons: Michaela Rehle, SportScheck, Matthias Inverardi, Rachel More, Kirsti Organizations: REUTERS, Rights, Thomson Locations: Munich, Germany, Europe
'SportScheck' store is seen closed due to the coronavirus disease (COVID-19) pandemic in Munich, Germany, February 5, 2021. REUTERS/Michaela Rehle/File Photo Acquire Licensing RightsNov 30 (Reuters) - British sports and fashion group Frasers (FRAS.L) said on Thursday it will seek to buy SportScheck's business and assets out of administration after the German sporting goods retailer filed for insolvency. Signa on Wednesday filed for self-administered reorganisation proceedings, and media reports followed on Thursday that SportScheck would also file for insolvency. Frasers confirmed SportScheck's administration in its statement and said it exercised its rights under its agreement with Signa to withdraw from the deal. However, the London-listed group said it intends to work with SportScheck's appointed administrator to purchase its business and assets.
Persons: Michaela Rehle, Frasers, Signa, SportScheck, SportScheck's, Sri Hari, Krishna Chandra Organizations: REUTERS, SportScheck, Retail, Sports, Sri, Thomson Locations: Munich, Germany, London, SportScheck, Bengaluru
For three years, Miura chipped in time, money and care, taking her grandmother to the emergency room so often that she got to know all the hospital security guards by name. "It was very stressful," said Miura, now 28, who helps others in this situation at her advisory Spark Financials. "What stands out for me is the number of people who are not only caregivers, but financial caregivers too," said Surya Kolluri, who heads the TIAA Institute. No wonder caregivers' financial lives are impacted: On average they have fewer assets and higher debt than non-caregivers, the report found. Remember that others could likely contribute money or time or both as well, including siblings, children, friends, cousins and in-laws.
Persons: Michaela Rehle, Danielle Miura, Neda, Miura, Surya Kolluri, Mary Naylor, Penn, , Chris Taylor, Lauren Young, Richard Chang Organizations: REUTERS, TIAA Institute, University of Pennsylvania School of Nursing, NewCourtland, Transitions, U.S . Department of Health, Human Services, Alliance, National Alliance for Caregiving, Thomson Locations: Planegg, Munich, GERMANY, Ripon , California
PARIS, Nov 15 (Reuters) - The cast of Ridley Scott's biopic "Napoleon" flocked to Paris for the film's global premiere on Tuesday night, taking to the red carpet just days after strikes ended in Hollywood. Joaquin Phoenix plays the role of Napoleon, a historical figure both revered and criticised in France, who is portrayed in the film as a ruthless military tactician with a softer, vulnerable side, uncovered by his wife the empress Josephine de Beauharnais, played by Vanessa Kirby. "I feel very fortunate the strike ended in time," Rothman told Reuters. Kirby said she learned about the challenge of being "the feminine in that extremely masculine world," and appreciated Beauharnais for "remaining dignified," even through her public divorce. Reporting by Noemie Olive and Michaela Cabrera; writing by Mimosa Spencer; Editing by Sharon SingletonOur Standards: The Thomson Reuters Trust Principles.
Persons: Ridley Scott's, Napoleon, Joaquin Phoenix, Josephine de Beauharnais, Vanessa Kirby, Tom Rothman, Rothman, Kirby, Josephine, Jodie Comer, Beauharnais, Scott, Dariusz Wolski, Tahar Rahim, Paul Barras, Noemie Olive, Michaela Cabrera, Mimosa Spencer, Sharon Singleton Organizations: Sony, SAG, Reuters, Thomson Locations: Paris, Hollywood, France, Austerlitz, Moscow, Waterloo
FTC seeks information on $8.5 bln Tapestry-Capri deal
  + stars: | 2023-11-06 | by ( ) www.reuters.com   time to read: +1 min
The logo of Michael Kors is seen on an outlet store in Metzingen, Germany, June 16, 2017. REUTERS/Michaela Rehle/File Photo Acquire Licensing RightsNov 6 (Reuters) - The U.S. Federal Trade Commission (FTC) has sent requests to Tapestry (TPR.N) and Michael Kors owner Capri Holdings (CPRI.N) for more information on their planned $8.5 billion deal, the companies said on Monday. The companies said on Monday they expect to respond "promptly" to the FTC's request and aim to close the deal as planned, in 2024. Capri's shares, which had jumped 55% on Aug. 10 after the deal was announced, were down 2.5% in extended trade. Reporting by Manas Mishra and Juveria Tabassum in Bengaluru; Editing by Shounak Dasgupta and Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.
Persons: Michael Kors, Michaela Rehle, Kate Spade, Stuart Weitzman, Jimmy Choo, Versace, Capri's, Tapestry, Manas Mishra, Juveria, Shounak Dasgupta, Krishna Chandra Organizations: REUTERS, U.S . Federal Trade Commission, Capri Holdings, Capri, Thomson Locations: Metzingen, Germany, Paris, Bengaluru
A Drouot employee poses with the painting "Les Saules, Giverny, 1886" (The Willows, Giverny), by painter Claude Monet (1840-1926) ahead of its auction at Drouot auction house in Paris, France, November 3, 2023. The landscape "Les Saules, Giverny" ("The Willows, Giverny"), dating from 1886, is reappearing on the French art market, where Monet’s paintings have become increasingly rare. "Paintings of Claude Monet of this scale, of this dimension no longer really exist among French families. Though not as famous as Monet's water lilies or the Gare Saint Lazare paintings, which can command prices reaching 100 million euros, "Les Saules, Giverny" bears the artist's trademark style. "It's an oeuvre typical of Claude Monet, notably by the brush strokes and how he makes the light come out," Nordmann said.
Persons: Claude Monet, Abdul Saboor, Ader, They're, David Nordmann, Les, Nordmann, Monet, Mary Cassatt, Clotaire Achi, Michaela Cabrera, Dominique Vidalon, Bill Berkrot Organizations: REUTERS, Rights, Reuters, Saint Lazare, Thomson Locations: Giverny, Paris, France, Nice, American
Uncle Sam provides shaky base for Caterpillar
  + stars: | 2023-10-31 | by ( Ben Winck | ) www.reuters.com   time to read: +3 min
The $500 billion U.S. infrastructure spending bill, passed in late 2021, helped lift the firm’s third-quarter profit 41% from a year ago. As with other sharp pullbacks after government-supported pandemic spending, Caterpillar will prove that counting on federal aid isn’t a viable business model. And the construction firms that order from Caterpillar appeared to step back, with the company's backlog of deliveries falling $2.6 billion in the third quarter. The U.S. CHIPS Act set aside $39 billion to help build semiconductor factories, leaving more money for construction firms and, in turn, Caterpillar. Umpleby may be benefitting from Uncle Sam now, but before long Caterpillar will have to fend for itself.
Persons: Michaela Rehle, James Umpleby, Joe Biden’s, EBITDA, Uncle Sam, Lauren Silva Laughlin, Sharon Lam Organizations: Construction Machinery, Machines, Mining Machines, Construction Vehicles, REUTERS, Rights, Reuters, Caterpillar, U.S . General Services Administration, Siemens, Cummins, LSEG, Thomson Locations: Munich, Germany, Texas, China, U.S
Only the fifth woman to win a Nobel physics prize, French-born L'Huillier works at Lund University in Sweden, while Agostini, who was also born in France, is a emeritus professor at Ohio State University in the United States. Agostini and Krausz then demonstrated how this could be used to create shorter light pulses than previously possible. These experiments all showed that attosecond pulses could be observed and measured, and could be used in new experiments. While the award for peace can take the limelight, the physics prize has also often taken centre stage with winners such as Albert Einstein and awards for science that has fundamentally changed how we see the world. Announced on consecutive weekdays in early October, the physics prize announcement will be followed by ones for chemistry, literature, peace and economics, the latter a later addition to the original line-up.
Persons: Pierre Agostini, Ferenc Krausz, Anne L'Huillier, Eva Olsson, Krausz, L'Huillier, Agostini, Emmanuel Macron, Hans Ellegren, Mats Larsson, Katalin Kariko, Drew Weissman, Alfred Nobel, Albert Einstein, Niklas Pollard, Simon Johnson, Johan Ahlander, Terje Solsvik, Elizabeth Pineau, Ayhan Uyanik, Christine Uyanik, Charlotte Van Campenhout, Michaela Cabrera, Alexandra Hudson, Rosalba O'Brien Organizations: Reuters, Max Planck, Quantum Optics, Lund University, Ohio State University, Royal Academy of Sciences, Thomson Locations: STOCKHOLM, Hungarian, Garching, Germany, French, Sweden, France, United States, Stockholm, Austria, Paris, COVID, Oslo, Krisztina, Budapest, Amsterdam
Kane's three goals put him above club great Gerd Mueller, Miroslav Klose and Mario Mandzukic who all scored five times in their first five games. The Bavarians, who beat Manchester United 4-3 in their Champions League opener on Wednesday, move up to 13 points in top spot from five Bundesliga games. Earlier, Eric Maxim Choupo-Moting had tapped in for a fourth-minute lead from a perfectly-timed Kingsley Coman assist. Kane made sure of a club record when he scored with a 54th-minute penalty before Coman hit the woodwork on the hour. ($1 = 0.9388 euros)Reporting by Karolos Grohmann; editing by Clare FallonOur Standards: The Thomson Reuters Trust Principles.
Persons: Harry Kane, Michaela Rehle, Gerd Mueller, Miroslav Klose, Mario Mandzukic, Kane, Eric Maxim Choupo, Moting, Kingsley Coman, Leroy Sane, Coman, Tel, Karolos, Clare Fallon Organizations: Soccer Football, Bundesliga, Bayern Munich, VfL Bochum, Allianz Arena, Bayern, Rights, Manchester United, Champions League, Bayer Leverkusen, England, Thomson Locations: Munich, Germany, Rights MUNICH, Bayern Munich, Heidenheim, Sunday
She went instead to her office at 111 Broadway, the Trinity Building, next to the towers. She was there when jihadists plunged the first plane into the north tower, and along with everyone else in her building, she fled. Mom was on a street below near the south tower when the second plane struck. When she boarded the ferry home to Monmouth County, N.J., her blue dress suit, now gray, was still wet. The people she’d planned to meet in the south tower had died.
Persons: Michaela Ferrigine, Olivia —, jihadists, Mom, didn’t, Organizations: World Trade, Trinity Locations: Monmouth County, N.J
The company established the Allianz Global Diversified Private Debt Fund (AGDPDF) II in Luxembourg in mid-June, company filings show. Money managers are vying for a slice of the growing private credit market, which emerged in the aftermath of the 2008 financial crisis and is currently estimated to have assets of $1.5 trillion. Private credit funds are increasingly competing with banks, including for financing large company buyouts. The fastest escalation in borrowing costs in decades has posed a test for private credit but so far defaults by borrowers have been limited. Rather than lending directly, the Allianz Global Diversified Private Debt Fund invests in other credit funds and also makes co-investments.
Persons: Michaela Rehle, Proskauer, Pablo Mayo, Elisa Martinuzzi, Jane Merriman Organizations: Allianz, REUTERS, Allianz Global Investors, Allianz Global, Debt Fund, Fund, Reuters, Pablo Mayo Cerqueiro, Thomson Locations: Unterfoehring, Munich, Luxembourg, London
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