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☆ Baltimore bridge: An Italian company that helped rebuild Genoa’s Morandi bridge offers to build new Key Bridge
▼ + stars: | 2024-05-03 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

London CNN —The Italian company that helped rebuild a bridge that collapsed in Genoa in 2018 says it is ready to do the same in Baltimore. The bridge replaced the Morandi bridge, which collapsed in August 2018. Mauro Ujetto/NurPhoto/Getty ImagesThe Morandi bridge in Italy’s port city of Genoa collapsed in August 2018 after heavy rainfall, killing 43 people. WeBuild Group was among the companies that built the Genoa San Giorgio bridge in just 15 months to replace the Morandi bridge. The project, completed in 2020, cost a total of €290 million ($312 million), including the cost of demolishing the remains of the collapsed bridge.

Persons: Francis Scott Key, ” Carlo Ratti, Genoa's, Mauro Ujetto, Joe Biden, “ I’ve, ” Biden, “ Organizations: London CNN, WeBuild, Massachusetts Institute of Technology, Maryland Transportation, Port, Maryland Department of Transportation, CNN Locations: Genoa, Baltimore, United States, Genoa's San Giorgio, Italy’s, Genoa San Giorgio, Port of Baltimore

☆ McDonald's, Chipotle to raise menu prices in California next year as fast-food wages rise to $20
▼ + stars: | 2023-10-30 | by ( Amelia Lucas | ) www.cnbc.com time to read: +4 min

McDonald's and Chipotle Mexican Grill will raise their menu prices in California next year to offset the state's minimum wage increase for fast-food workers, executives said as both chains announced quarterly earnings in recent days. McDonald's has not decided how much it will hike prices in California as workers' wages rise to $20 an hour, CEO Chris Kempczinski said Monday. Restaurants have been hiking menu prices for more than two years in response to rising ingredient and labor costs. Unlike Chipotle, which owns the overwhelming majority of its locations, most of McDonald's California locations are run by franchisees. "We believe we're in a better position than our competitors to weather this, so let's use this as an opportunity to actually accelerate our growth in California," Kempczinski said.

Persons: McDonald's, Chris Kempczinski, Chipotle, Jack Hartung, Hartung, Kempczinski Organizations: U.S . Bureau of Labor Statistics, McDonald's, National Owners Association, U.S, CNBC Locations: California, McDonald's, McDonald's California, McDonald's U.S

☆ A friend of a 25-year-old woman filmed begging militants not to kill her says no one can escape the videos and firsthand accounts of Hamas' attacks
▼ + stars: | 2023-10-11 | by ( Rebecca Cohen | ) www.businessinsider.com time to read: +5 min

An Israeli paramedic said it's impossible to escape videos of Hamas' attacks on Israel. "And then someone sent me the video," Gorjaltsan told Insider on Wednesday. In the now-viral video, Argamani is seen begging Hamas militants not to kill her as she's whisked away on a motorbike. After he saw the video, Gorjaltsan said he went to the hospital with a friend and found Argamani's parents. In the recording, Gorjaltsan said Man could be heard "begging" for more ambulances to come to the kibbutz.

Persons: —, Yan Gorjaltsan, Noa Argamani, Gorjaltsan, Noa's, she's, Avinatan, Gorjaltsan's, Ori Tshernihovski, Noa Argamani Yan, Noa, Israel, Chen Junqing, Amit Man, I've Organizations: Service, Nova Music, Hamas, Getty, AK Locations: Israel, Gaza, Ashkelon, Xinhua, Be'ere

☆ Milan go top with late Pulisic strike at Genoa as Giroud ends match in goal
▼ + stars: | 2023-10-07 | by ( ) www.reuters.com time to read: +2 min

GENOA, Italy, Oct 7 (Reuters) - A late strike by Christian Pulisic earned AC Milan a 1-0 win at promoted Genoa that put them top of Serie A on Saturday but the game ended in chaos as both keepers were sent off and striker Olivier Giroud went in goal for the visitors. U.S. international Pulisic netted in the 87th minute with a half-volley from near the penalty spot after he was brilliantly set up by Yunus Musah to give Milan the lead. But the three points were hanging by a thread as the game took a chaotic turn when Milan goalkeeper Mike Maignan saw red for a foul on Caleb Ekuban late in stoppage time and Giroud took his spot in goal. "I like to think that what Giroud did is part of our mentality," coach Stefano Pioli told DAZN. "Pulisic wanted to go in goal and perhaps he had already done it, but I told him that he was too short.

Persons: Christian Pulisic, Olivier Giroud, Pulisic, Yunus Musah, Mike Maignan, Caleb Ekuban, Giroud, Frenchman, Genoa's Albert Gudmundsson, George Puscas, Stefano Pioli, DAZN, Milan, Pioli, Ruben Loftus, Cheek, Rade Krunic, Ismael Bennacer, Rafael Leao, Josep Martinez, Martinez, Theo Hernandez, Anita Kobylinska, Toby Davis Organizations: Milan, Serie, U.S, Inter Milan, Lazio, AS Roma, Napoli, Genoa, Juventus, Thomson Locations: GENOA, Italy, Genoa, Milan, Bologna, Gdansk

☆ McDonald's franchisee group says new California fast-food bill will cause 'devastating financial blow'
▼ + stars: | 2023-09-15 | by ( Kate Rogers | ) www.cnbc.com time to read: +4 min

After California lawmakers passed a landmark fast-food bill, an independent advocacy group of McDonald's owners is pushing back against what it says will be a "devastating financial blow" to its franchisees in the state, according to a memo to its membership viewed by CNBC. It includes a wage floor of $20 for California workers at fast-food chains with at least 60 locations nationwide, starting April 1. The National Owners Association, an independent advocacy group of more than 1,000 McDonald's owners, projects in the memo the bill will cost each restaurant in the state $250,000 annually. McDonald's sent its own letter to its restaurant system on Monday, which was viewed by CNBC. The new legislation eliminated the threat of joint franchisor-franchisee liability, which McDonald's said would "destroy the franchise model in California and strip thousands of restaurant owners of the right to run their business."

Persons: Gavin Newsom's, McDonald's, Roger Delph Organizations: CNBC, Gov, Labor, National Owners Association, National Restaurant Association, International Franchise Association, IFA, [ Service Employees International, America, Team, Industrial Welfare Commission Locations: California

☆ Franchising industry holds its breath as FTC takes a closer look at regulations
▼ + stars: | 2023-07-05 | by ( Kate Rogers | ) www.cnbc.com time to read: +7 min

The FTC told CNBC it received more than 5,500 comments on the inquiry, indicating "broad interest in ensuring fairness in franchising." The agency sought input from stakeholders, including franchise operators, workers and parent corporations, as it scrutinizes franchising practices. Industry watchers say an initial proposal from the FTC on franchise rule amendments could come as soon as the end of year. The NOA's public submission said, "The McDonald's system was, and could again be, the gold standard for the franchise business model. "Since McDonald's founding in 1955, our franchising model has successfully served the brand, franchisees, employees and the local communities we operate in."

Persons: Lina, Matt Haller, they're, Haller, franchisors, McDonald's, NOA, Danielle Marasco, Marasco Organizations: FTC, CNBC, Federal Trade Commission, Franchise Association, Microsoft, Activision, Twitter, Industry, IFA, Service Employees International Union, Strategic, Marriott, Hilton, Brands, National Owners Association, National Locations: U.S, McDonald's, Marriott, California

☆ This startup founded by a former Getir CTO enables users to hold stablecoins pegged to the US dollar. Check out the 11-slide pitch deck Cenoa used to raise $7 million.
▼ + stars: | 2023-02-06 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Cenoa, a fintech startup cofounded by the former CTO of Getir, has raised $7 million in funding. The startup enables customers to access USDC, a digital asset tied to the US dollar. We got an exclusive look at the 11-slide pitch deck used to raise the fresh funds. A startup that has developed a digital wallet where users can hold a stablecoin pegged to the US dollar has raised $7 million in seed funding. In the UK, for example, Cenoa works with FCA-registered Transak so that users can deposit and withdraw funds using local banking networks.

☆ AMD catches two upgrades on Wall Street that may signal a bottom in the chip industry's slump
▼ + stars: | 2022-11-14 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

Advanced Micro Devices (AMD) is getting some love Monday in the form of upgrades from UBS and Baird, bolstering our recent decision to halt trimming any more of the chip designer's shares. However, AMD, like many of its peers, has been decimated on Wall Street, losing 48% in 2022. In fact, UBS analysts suggest it may even be possible that shipments fell to near zero in September. As a result, they expect the new chip, which marks a significant improvement in performance to accelerate AMD's market share gains. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Baird upgrades AMD, says a new product can drive the chip stock nearly 40% higher
▼ + stars: | 2022-11-14 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

A new product from Advanced Micro Devices is inspiring optimism from Baird. Analyst Tristan Gerra upgraded the microchip maker's stock to outperform and raised his price target to $100 per share from $65. The new target implies upside of 38.2% from Friday's close. Interest in AMD is growing as a result of Genoa's performance, said Gerra. Arcuri set a price target of $95, which is slightly lower than Gerra's but still shows upside of 31.2%.

☆ The leadership strategy the CEO of a $5 billion virtual learning company uses to make quick decisions
▼ + stars: | 2021-02-10 | by ( May Teng | ) www.businessinsider.com time to read: +5 min

Learning platform Kahoot! Because of this, CEO Eilert Hanoa often has to make quick decisions. Hanoa shared his best advice on leading a company in growth mode with Insider. The company continues to expand its offerings with Zoom and Bitmoji integrations, new free and premium tools for school and work use, and its recent acquisition of language learning platform Drops. Even at times of high growth, Hanoa makes a point to reflect on company decisions before moving forward to make sure that each project is properly executed.

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