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☆ Elliott takes $1 billion stake in Phillips 66, seeks two board seats
▼ + stars: | 2023-11-29 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

Elliott Investment Management has taken a $1 billion stake in Phillips 66 and is seeking as many as two board seats in a push to improve the company's performance, according to a Wednesday letter from the activist investor. Elliott's push for the board seats comes as Phillips has underperformed its competitors Marathon Petroleum and Valero . Elliott backed CEO Mark Lashier's plan to improve the company's performance. The CEO plans to do this through a more than $1 billion improvement in Phillips' refining segment, selling $3 billion in noncore assets and increasing the company's long-term capital return policy. Elliott said Phillips 66's stock has an upside of 75% from its last closing price of $118 if the company executes on these goals.

Persons: Phillips, CNBC's David Faber, Elliott, John Pike, Mike Tomkins, Mark Lashier's Organizations: Elliott Investment Management, Phillips, Marathon Petroleum, Valero

A general view of the Phillips 66 Company's Los Angeles Refinery, which processes domestic & imported crude oil into gasoline, aviation and diesel fuels, in Carson, California, U.S., March 11, 2022. REUTERS/Bing Guan/File Photo Acquire Licensing RightsNov 29 (Reuters) - Elliott Investment Management has taken a $1 billion stake in Phillips 66 and is urging the U.S. oil refiner and pipeline operator to revamp its board to boost lagging performance. Phillips 66 has lagged its U.S. refining rivals at a time when fuel demand and margins have soared for the industry. Phillips 66 Chief Executive Mark Lashier acknowledged discussions with Elliott but did not say whether the company was open to adding two Elliott-recommended directors to its board. Phillips 66 currently has 13 board members.

Persons: Bing Guan, Phillips, Mark Lashier, Elliott, Lashier, John Pike, Mike Tomkins, Garfield Miller, Miller, Svea Herbst, Bayliss, Laura Sanicola, Gary McWilliams, Anil D'Silva, Bernadette Baum, Mark Porter Organizations: Phillips, Los, Los Angeles Refinery, Elliott Investment Management, Marathon Petroleum, Energy, Exxon Mobil, Aegis Energy Advisors, Elliott, Svea, Thomson Locations: Los Angeles, Carson , California, U.S, Houston, Providence, New York, Bengaluru

☆ NHL roundup: Coyotes' Connor Ingram stops Kraken in SO
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +5 min

[1/4] Nov 7, 2023; Tempe, Arizona, USA; Arizona Coyotes goaltender Connor Ingram (39) makes a save on Seattle Kraken defenseman Adam Larsson (6) in the overtime at Mullett Arena. Eeli Tolvanen had a goal and an assist for Seattle, and Justin Schultz and Jaden Schwartz also tallied goals. It was the second overtime winner at home this season for Necas. Panarin finished with his seventh multi-point game this season as the Rangers improved to 7-0-1 in their past eight games. Jets 5, Blues 2Kyle Connor scored two goals and added an assist as visiting Winnipeg defeated St. Louis.

Persons: Connor Ingram, Adam Larsson, Matt Kartozian, Clayton Keller, Nick Schmaltz, Matias Maccelli, Barrett Hayton, Nick Bjugstad, Eeli Tolvanen, Justin Schultz, Jaden Schwartz, Matty Beniers, Joey Daccord, Bjugstad, Daccord, Keller, Martin Necas, Tony DeAngelo, Brady Skjei, Alex Tuch, Rasmus Dahlin, Matt Tomkins, Tomkins, Nikita Kucherov, Nick Suzuki, Michael Pezzetta, Christian Dvorak, Kirill Kaprizov, Joel Eriksson Ek, Pat Maroon, Vinni Lettieri, Marc, Andre Fleury, Noah Dobson, Oliver Wahlstrom, Semyon Varlamov, Panarin, Vincent Trocheck, Chris Kreider, Trocheck, Ville, Michael Rasmussen, Klim Kostin, Andrew Copp, Kyle Connor, Louis, Mark Scheifele, Alex Iafallo, Josh Morrissey, Neal Pionk, Cole Perfetti, Connor Hellebuyck, Robert Thomas, Brayden Schenn, Jordan Binnington, Kadri, Noah Hanifin, Blake Coleman, Dillon Dube, Calgary's Jacob Markstrom, Nick DeSimone, Sharangovich, Michael McCarron, Kiefer Sherwood Organizations: Arizona Coyotes, Seattle, Mullett, Coyotes, Arizona, Arizona State, Hurricanes, Sabres, Buffalo, Necas, Canadiens, NHL, Montreal, Ohio, Islanders, New York, Minnesota, Rangers, Red Wings, New, Detroit, New York's, Jets, Blues, Winnipeg, St, Flames, Calgary, Nashville, Predators, Thomson Locations: Tempe , Arizona, USA, Tempe, Ariz, Carolina, Raleigh, N.C, Tampa, Minnesota, New, Elmont, Ville Husso

☆ Louis Oliver Gropp Dies at 88; Led Shelter Magazines Through Turmoil
▼ + stars: | 2023-10-30 | by ( Penelope Green | More About Penelope Green | ) www.nytimes.com time to read: +1 min

Stephen Drucker, the veteran shelter magazine editor who worked for Mr. Gropp in the 1970s, said by phone: “Lou saw himself as a business head. It was the only magazine in its category — magazines with circulations between 400,000 and 1 million — to do so. By 1987, however, Mr. Liberman and S.I. They gave her House & Garden instead. Mr. Gropp was typically sanguine.

Persons: Stephen Drucker, Gropp, Lou, ”, Liberman, Newhouse, Condé, Anna Wintour, —, William Shawn, Grace Mirabella, Kazanjian, Calvin Tomkins, “ Alex, Alexander Liberman ”, Elle Décor Organizations: Mr, & Garden, S.I, Vogue, The Locations: British, Newport Beach, Calif, Yorker

☆ Tragedy chanting: ‘Vile’ soccer songs about deaths fueled by ‘need to hurt’ opposing fans
▼ + stars: | 2023-05-03 | by ( Matias Grez | ) edition.cnn.com time to read: +8 min

CNN —Described as “vile” and “unacceptable” and fueled by “the need to hurt,” ‘tragedy chanting’ is becoming an increasing concern to soccer authorities. Then, in 1989, overcrowding in the stands ahead of the FA Cup semifinal between Liverpool and Nottingham Forest at Hillsborough Stadium led to the deaths of 97 Liverpool fans. Nottingham Forest fans hold up a banner in memory of the 97 victims of the Hillsborough disaster. The working group has also been in contact with the Crown Prosecution Service (CPS) to discuss whether convictions can be pursued for fans that engage in tragedy chanting. Heysel Stadium Disaster, May 1985.

☆ Referees body admit 'human error' in VAR process in Arsenal, Brighton games
▼ + stars: | 2023-02-12 | by ( ) www.reuters.com time to read: +2 min

Feb 12 (Reuters) - Video Assistant Referee (VAR) decisions that went against Arsenal and Brighton & Hove Albion in Saturday's Premier League matches were down to "human error", the Professional Game Match Officials Limited (PGMOL) said on Sunday. Across London, Brighton & Hove Albion saw their quest for European football hit a speed bump at Crystal Palace when they were held to a 1-1 draw but Pervis Estupinan's goal was wrongly chalked off for offside. "PGMOL can confirm its Chief Refereeing Officer Howard Webb has contacted both Arsenal and Brighton & Hove Albion to acknowledge and explain the significant errors in the VAR process in their respective Premier League fixtures on Saturday," it said on Sunday. "Both incidents, which were due to human error and related to the analysis of offside situations, are being thoroughly reviewed by PGMOL." Webb, a former Premier League referee, became the Chief Refereeing Officer at the PGMOL this season.

☆ It's 'early innings' in the fertility market. Here's how to play the booming business with under-the-radar names
▼ + stars: | 2022-11-17 | by ( Michelle Fox | ) www.cnbc.com time to read: +13 min

The multibillion dollar global fertility market is ripe with opportunity. For investors thinking about the fertility market, pharma firms may come to mind. In fact, the number of employers looking at fertility benefits as a "must have" has skyrocketed, she said. The global market size for fertility within the private women's health market should reach $72 billion by 2027, a report by FemTech Focus and Coyote Ventures found. Just like there were a wave of fintech companies going public, she expects fertility companies to eventually follow suit.

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