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☆ Mothers of Miss USA and Miss Teen USA Speak Out on Resignations
▼ + stars: | 2024-05-15 | by ( Anneta Konstantinides | ) www.businessinsider.com time to read: +15 min

A rocky startVoight was the first Miss Utah to win the Miss USA crown since 1960. Miss USARose, a fashion designer, bought the Miss USA license after a turbulent year that included rigging allegations and a sexual harassment cover-up. Hector Vivas/Getty ImagesIn her Miss USA resignation letter, Noelia detailed the "detrimental mental and emotional toll" of her time at Miss USA and how it "greatly impacted" her physical health. Noelia and UmaSofia's reigns as Miss USA and Miss Teen USA would have officially ended in August, but their mothers said it became too much. The network — which signed a three-year deal in April to air both the Miss USA and Miss Teen USA competitions — said on Monday that it's now "evaluating its relationship with both pageants," according to USA Today.

Persons: Noelia Voigt, Jackeline Voigt, Noelia's, Jackeline, Barbara Srivastava —, Miss Teen USA UmaSofia Srivastava, Noelia, UmaSofia, Barbara, Miss USA's, Laylah Rose, aren't, Rose, Voight, We're, we're, Brian Ach, Miss USA, Thom Brodeur, UmaSofia Srivastava, Barbara Srivastava Barbara, didn't, Stephanie Skinner, Skinner, Teen USA — Barbara, Rose hadn't, USA's, Kenya Moore, Olivia Culpo, they're, Voigt, Hector Vivas, —, — Noelia, Rose weaponized, Claudia Michelle —, Michelle, Colorado Arianna Lemus, Laylah, she's, Barbara Srivastava, it's, Brodeur Organizations: Miss USA, Business, Miss Teen USA, Miss, ABC News, New York, Christmas, Teen USA, Miss Universe, El, ., BI, USA, Miss Teen, Noelia, CW Network Locations: Venezuelan American, Miss Utah, Miss USA, Noelia's, USA, El Salvador

☆ 'Sex and the City' creator Candace Bushnell says Netflix won't pay her royalties as it plans to air all 6 seasons: 'The way men do business is a Ponzi scheme'
▼ + stars: | 2024-02-04 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +3 min

Read previewNetflix will stream all six seasons of "Sex and the City," but its creator, Candace Bushnell, won't get a dime. The Times of London noted that Bushnell only received $100,000 for the screen rights to "Sex and the City." "The percentage of women in the 1% who made their own money is about 3.5%, and that's shocking," Bushnell told The Times of London. Advertisement"You know, it's a television product, done with Michael Patrick King and Sarah Jessica Parker, who have both worked with HBO a lot in the past," Bushnell told The New Yorker. Bushnell is now performing a one-woman show called "True Tales of Sex, Success, and Sex and the City."

Persons: —, Candace Bushnell, Bushnell, Mike Marsland, Getty Images Bushnell, Brian Ach, Michael Patrick King, Sarah Jessica Parker Organizations: Service, The Times, Netflix, Variety, Warner Bros ., Business, Getty Images, Times, HBO, City, Getty, New Yorker Locations: London, United States, Europe

☆ Canon, known for its cameras, launches ASML challenge with machine to make the most advanced chips
▼ + stars: | 2023-10-13 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Brian Ach | Getty ImagesCanon , the Japanese firm best known for its printers and cameras, launched a critical tool on Friday it says can help manufacture the most advanced semiconductors around. The latest "nanoimprint lithography" system is Canon's challenge to Dutch firm ASML , which dominates the extreme ultraviolet (EUV) lithography machine space. ASML's tools are required to make the most advanced chips such as those in the latest Apple iPhones which are manufactured by Taiwan's TSMC . For context, the A17 Pro chip inside Apple's iPhone 15 Pro and Pro Max, is a 3nm semiconductor. Both TSMC and South Korea's Samsung, the two biggest advanced chip manufacturing companies, are aiming to make 2nm chips in 2025.

Persons: Brian Ach, Taiwan's TSMC, Canon, hasn't, Kotasthane, ASML Organizations: Getty, Apple, U.S, Canon, Pro, Samsung, Takshashila, CNBC Locations: China, South

☆ Scoop: The founders of PopSugar raise $33 million for their second VC fund, and launch a bespoke investment bank to advise startups on M&A
▼ + stars: | 2023-06-13 | by ( Melia Russell | ) www.businessinsider.com time to read: +4 min

Brian and Lisa Sugar, the married founders of PopSugar, have raised a second venture capital fund. The $33 million fund will invest in consumer brands and software powering the future of retail. The eponymous firm, Sugar Capital, began to raise the sophomore fund a year ago and closed in May, Brian Sugar told Insider. For her part, Lisa stepped back from managing PopSugar in 2021 and joined Sugar Capital as a partner in 2022. Sugar Capital set out to raise $75 million for its second fund and reduced the target size last summer, Sugar said.

Persons: Brian, Lisa Sugar, Brian Sugar, MrBeast's Feastables, Will Hawthorne, Krista Moatz, PopSugar, Hawthorne, Sugar, Sam Altman, Jason Calacanis, Everlane, Ben Lerer's, Lisa, Brian Ach Organizations: PopSugar, Sugar Capital, Avid Capital Advisors, Avid, Sugar, JPMorgan, Advisors, Sequoia Capital, Nine Media, Bain Capital, Pritzker Group Venture, Consumer Locations: Olive

☆ Elon Musk and Sam Altman founded OpenAI together, but now they publicly trade barbs. Here's the history of their relationship and feud.
▼ + stars: | 2023-05-30 | by ( Sarah Jackson | Grace Kay | ) www.businessinsider.com time to read: 1 min

Altman recently addressed some of Musk's gripes about OpenAI. "I mean, he's a jerk, whatever else you want to say about him — he has a style that is not a style that I'd want to have for myself," Altman told Swisher. "But I think he does really care, and he is feeling very stressed about what the future's going to look like for humanity." In response to Musk's claim that OpenAI has turned into "a closed source, maximum-profit company effectively controlled by Microsoft," Altman said on the podcast, "Most of that is not true, and I think Elon knows that." Source: "On With Kara Swisher", Insider

☆ Nordstrom will cut about 2,500 jobs as layoffs creep into the retail world. Here's the full list of major retailers that have laid off workers in 2023.
▼ + stars: | 2023-03-13 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +4 min

Layoffs have started trickling into the retail sector, primarily impacting corporate employees. Still, few retailers are laying off store employees as the "labor hoarding" trend continues in 2023. Since the start of 2023, major retailers ranging from department stores to direct-to-consumer brands have cut staff, the latest swing in a sector that's been hit hard by labor challenges and inflation. Brian Ach/Invision for The RealReal/AP ImagesThe RealReal: The luxury consignment company cut 230 employees, about 7% of its workforce. Lidl: Around 200 US-based corporate employees were let go from the German grocery chain.

☆ Neiman Marcus and The RealReal are the latest to cut jobs as layoffs creep into the retail world. Here's the full list of major retailers that have laid off workers in 2023.
▼ + stars: | 2023-02-16 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +2 min

Still, few retailers are laying off store employees as the "labor hoarding" trend continues in 2023. Since the start of 2023, major retailers ranging from department stores to direct-to-consumer brands have cut staff, the latest swing in a sector that's been hit hard by labor challenges and inflation. Most of the cuts so far have impacted corporate retail employees. At a store level, many retailers are actually holding tighter to workers than usual, even seasonal employees, in a practice economists call "labor hoarding." Here are the retailers who have announced layoffs in 2023:The RealReal, founded in 2011, sells secondhand luxury clothing.

☆ Arielle Charnas' company, Something Navy, is floundering amid dwindling sales, an employee exodus, and furious suppliers
▼ + stars: | 2022-12-08 | by ( Katie Warren | ) www.businessinsider.com time to read: +36 min

From the outside, it doesn't look as if Charnas' company is in trouble. Mark Sagliocco/Getty Images for Beach MagazineSeveral former employees told Insider they cut ties with Something Navy because they saw signs the company was struggling. Several current and former Something Navy employees told Insider they'd been inundated with emails since the spring from suppliers, freelancers, and models asking where their money was. In one email viewed by Insider, Scanlan told a supplier that cash was tight but promised payment was on the way. The current Something Navy employee said that based on data she'd seen, the retail locations most likely don't turn a profit.

☆ Overwhelming workloads, back-to-office complaints, and frustrations over pay: Why Merrill Lynch's support staff is leaving
▼ + stars: | 2022-10-26 | by ( Rebecca Ungarino | Hayley Cuccinello | ) www.businessinsider.com time to read: +13 min

Less visible, though just as much the lifeblood of the firm, are Merrill's client associates. But we're not treated that way, and we're not stupid," an associate who recently left the firm said. "Our client associates are essential to the fabric of the firm, how we serve clients and grow," a company representative said. Yagyaev said client associates were "grossly underpaid" across the industry and their base should really be in the area of $80,000 to $90,000. An advisor who recently left Merrill and worked with CAs said some were leaving for raises of about $30,000 to work at other banks.

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