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Dec 4 (Reuters) - Investors including Saudi Arabia's crown prince and a U.S. private-equity firm run by a former Barclays CEO have shown interest in investing $1 billion or more in Credit Suisse's (CSGN.S) new investment banking unit, the Wall Street Journal reported on Sunday. Credit Suisse did not immediately respond to a request for comment. Seeking to restore vigor to a business that has been languishing, Credit Suisse in October said that it will reshape its investment bank by resurrecting the First Boston brand. Credit Suisse's history with the First Boston brand dates to 1978 when the pair linked up to operate in the London bond market. Some bankers and investors have expressed scepticism over its ability to regain its past glory in a shrinking market.
Ford had to literally tear down the walls of its factory to cope with demand for the electric F-150. "That surprised us – I think it surprised a lot in the industry, how ready people already were for electric vehicles," says Darren Palmer, who heads up Ford's electric vehicle (EV) program. Darren Palmer speaks with customers in front of a Ford F-150 Lightning. Despite recently committing $50 billion to its EV program over the next four years, the success of an electric F-150 was never certain. The 2022 Ford F-150 Lightning Lariat.
DUBAI, Dec 4 (Reuters) - An Egyptian-American national detained while visiting the United Arab Emirates fears he will be extradited to Egypt for criticising authorities there ahead of the country hosting the COP27 climate conference last month, his fiance said on Sunday. The UAE, a close ally of Egypt, arrested Sherif Osman, who resides in the United States, on Nov. 6 at the request of an Arab League entity responsible for coordinating law enforcement and security matters, a UAE official confirmed to Reuters on Thursday. The United States was aware of Osman's arrest in Dubai, a U.S. State Department spokesperson said on Thursday, and was "watching his case closely and providing appropriate consular support". Osman's fiance said she had travelled to the UAE with him to meet his sister, who lives in Dubai, and his mother who had planned to visit from Egypt. The UAE official had said the UAE "strictly adheres to all internationally accepted standards" in detention cases including regular consular access and legal council.
During a two-hour long Twitter Spaces session, Musk said a second “Twitter Files” drop will again involve Taibbi, along with journalist Bari Weiss, but did not give an exact date for when that would be released. It showed employees on several Twitter teams debating over whether to restrict the article under the company’s hacked materials policy, weeks before the 2020 election. Musk also said Twitter should program and monetize native long audio and video posting. He is quoted as saying that some of the investment may have been sold before Twitter went private in October, but he wasn’t sure. Musk also said that Twitter will roll out its new account verifications within the next week, which had been halted.
Lara Trump, Eric Trump's wife, will no longer be a paid contributor for Fox News, per the Los Angeles Times. The decision was made after former President Donald Trump announced his 2024 presidential bid. In a statement provided to Insider, a Fox News spokesperson said: "We appreciate Lara's valuable contributions across FOX News Media programming." The network decided that Lara Trump is directly connected to her father-in-law's campaign, the Los Angeles Times said. There is a precedent for such decisions; Sarah Huckabee Sanders had her paid contributor deal terminated when she announced she was running for governor of Arkansas.
BUCKEYE, Ariz.—Earth movers were grading the scraped desert in this city 40 miles west of Phoenix one day last month in preparation for construction of the first 1,100 homes in a master-planned community called Teravalis. Developer Howard Hughes Corp. last year spent $600 million to buy 37,000 acres in a valley flanked by two mountain ranges. It plans to build 100,000 homes over the next half-century, along with 55 million square feet of offices and other commercial real estate—the largest such project in state history, according to the developer.
Emerson Moser , 46, of Cincinnati, general counsel for Meridian Bioscience, on his 2010 Dodge Viper ACR, as told to A.J. My dad was a General Motors engineer, and we spent a lot of time going to racetracks and car shows. When I was in college at Purdue in the 1990s, I was walking across campus one day when I saw a Dodge Viper on display in the Engineering Mall. I thought: This is the coolest, most exotic American car I have ever seen. It had a V-10 engine partially developed by Lamborghini.
Here’s a roundup of the month’s most noteworthy movies and TV shows, as covered by The Wall Street Journal’s critics. After the remake of “Murder on the Orient Express” revived the murder mystery in 2017, two years later “Knives Out” revived the subgenre of the comic whodunit best exemplified by such ’70s Peter Falk movies as “The Cheap Detective” and “Murder by Death.” When it comes to comedy, Daniel Craig is no Peter Falk, and in the second “Knives Out” movie, the biggest mystery remains, “Why is Daniel Craig’s Southern accent so terrible?” I half-expected the explanation to be that Mr. Craig’s detective Benoit Blanc is actually a suave English spy in disguise. Still, the nattily attired Blanc is not only a detective dandy, he’s a dandy detective, and “Glass Onion: A Knives Out Mystery” is breezy holiday entertainment.
Apple is increasing its efforts to shift production outside of China, according to the Wall Street Journal. Production at factories like Foxconn has taken a massive hit amid riots over zero-Covid policies. Shifting production will likely be difficult in the current global economic climate, sources told WSJ. In November, the area known as "iPhone City" erupted into violent protests among employees over withheld pay and strict zero-Covid policies that prompted a lockdown in Zhengzhou. The protests, which coincided with the start of the holiday shopping season in the US, have led to significant supply chain issues and shortages of Apple iPhone products.
Trian calls itself a "constructivist," implying a more friendly activist investor. Trian, like most activist investors, intends to be friendly and always starts off that way, and then it is up to the company to respond. The firm is an activist investor, plain and simple. On Nov. 21, The Wall Street Journal reported that Trian Fund Management took an approximately $800 million stake in Disney. In this situation, Trian seems to be looking for a board seat and is urging Disney to make operational improvements and reduce costs.
Audio Tech in TVs Has Improved. If you’re having trouble hearing the dialogue on your TV, it may not be you. As audio technology develops and directors make more creative sound choices, it’s getting harder to distinguish what actors are saying. WSJ personal tech reporting assistant Cordilia James joins host Zoe Thomas to discuss what’s going on and how to improve your TV listening experience. Photo Illustration: Chaya Howell/The Wall Street Journal
Over UndersStand tall and take a high step to the left with your left foot as if trying to sweep it over a fence. Repeat with the right foot and sink down into a low squat. From the low squat, step laterally to the left, keeping low as if trying to walk under a fence. Stand tall and raise the left foot, then the right foot in a high step to the left. Sink low into a squat and step left in the low squat.
The GOP Spending Poseurs
  + stars: | 2022-12-02 | by ( Kimberley A. Strassel | ) www.wsj.com   time to read: +1 min
Kimberley Strassel is a member of the editorial board for The Wall Street Journal. She writes editorials, as well as the weekly Potomac Watch political column, from her base in Alaska. Ms. Strassel joined Dow Jones & Co. in 1994, working in the news department of The Wall Street Journal Europe in Brussels, and then in London. She moved to New York in 1999 and soon thereafter joined the Journal's editorial page, working as a features editor, and then as an editorial writer. An Oregon native, Ms. Strassel earned a bachelor's degree in Public Policy and International Affairs from Princeton University.
Psychos in the C-Suite
  + stars: | 2022-12-02 | by ( Peggy Noonan | ) www.wsj.com   time to read: +1 min
Peggy Noonan is an opinion columnist at the Wall Street Journal where her column, "Declarations," has run since 2000. She has been a fellow at Harvard University’s Institute of Politics, and has taught in the history department at Yale University. Before entering the Reagan White House, Noonan was a producer and writer at CBS News in New York, and an adjunct professor of Journalism at New York University. She was born in Brooklyn, New York and grew up there, in Massapequa Park, Long Island, and in Rutherford, New Jersey. In November, 2016 she was named one of the city's Literary Lions by the New York Public Library.
The SEC’s Strategy for Enforcing Regulation on Crypto, Explained As the crypto industry struggles in the wake of FTX’s collapse, the question of how the SEC will react is unanswered. Here’s what past investigations tell us about how the SEC sees cryptocurrency and may regulate it moving forward. Illustration: Ali Larkin
The U.S. court hearing was part of a globally coordinated deal that extends to authorities in South Africa, Switzerland and Germany, with the apparent bulk of the fines being collected in South Africa. The settlement is the first that U.S. authorities have reached in coordination with authorities in that country. The Kusile Power Station, a coal-fired power plant in South Africa. Switzerland on Friday said it was issuing a fine of 4 million Swiss francs, equivalent to about $4.3 million dollars. The Justice Department said it anticipated a related settlement with German authorities, but didn’t indicate a time frame.
Like many parents, Greg and Selena Robleto offered to pay their kids for doing household chores. The couple quickly learned their money was no good. The girls wanted to be paid in Robux—the online currency in videogames from Roblox Corp.—and turned up their noses at the crinkled, paper dollars the couple was offering.
Like many parents, Greg and Selena Robleto offered to pay their kids for doing household chores. The couple quickly learned their money was no good. The girls wanted to be paid in Robux—the online currency in videogames from Roblox Corp.—and turned up their noses at the crinkled, paper dollars the couple was offering.
Dec 2 (Reuters) - United Airlines Inc (UAL.O) is close to reaching a deal with Boeing (BA.N) to order dozens of the planemaker's 787 Dreamliner jets, the Wall Street Journal reported on Friday, citing people familiar with the matter. The potential order comes at a time when the industry struggles with adverse weather conditions, worker shortages and strikes over the past year, which has impacted operations. Demand for widebody jets is also returning after years of a market glut, a boost especially for Boeing, which is in the midst of a recovery from successive crises. A deal between United and Boeing could be completed as soon as this month, the report said. Reporting by Nathan Gomes in Bengaluru, Rajesh Kumar Singh in Chicago; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.
The highly anticipated meeting comes ahead of potentially disruptive sanctions on Russian oil, weakening crude demand in China and mounting fears of a recession. Concern that an outright ban on Russian crude imports could send oil prices soaring, however, prompted the G-7 to consider a price cap on the amount it will pay for Russian oil. "The other factor OPEC will need to consider is indeed the price cap," Galimberti said. The Kremlin has previously warned that any attempt to impose a price cap on Russian oil will cause more harm than good. The energy alliance recently hinted it could impose deeper output cuts to spur a recovery in crude prices.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI don't think there's a lot of suspense about rates, says the WSJ's Nick TimiraosNick Timiraos of the Wall Street Journal joins 'Closing Bell: Overtime' to discuss today's jobs number and how he believes it will impact the Fed's next few rate decisions.
Twitter Inc. is offering advertisers incentives to increase their spending on the platform, according to people familiar with the matter, an effort to jump-start its business after Elon Musk’s takeover prompted many companies to pull back. Twitter offered advertisers incentives as generous as matching their ad spending, according to a company email to ad agencies viewed by The Wall Street Journal.
Vessels linked to Russia’s largest grain trader shipped thousands of tons of stolen Ukrainian grain to global buyers, using a sophisticated system of feeder vessels and floating cranes, according to an investigation by The Wall Street Journal. The ships are linked either through their management or ownership to companies controlled by Russian businessman Peter Khodykin , who in turn owns RIF Trading House LLC, the country’s largest grain exporter and a big player in global grain markets, according to corporate and legal documents reviewed by the Journal.
Why FTX Picked the Bahamas, and What Happens Now to the Crypto Hub More than a year before its collapse, FTX moved its headquarters to the Bahamas—a country that worked to lure crypto companies to its shores. So what makes the nation attractive to crypto? And how could FTX’s demise change that? Illustration: Adele Morgan
Kauai, Hawaii’s northernmost island, is divided into five sections, including the North Shore. One of the North Shore communities is Hanalei, a small town on the edge of the two-mile, crescent-shaped Hanalei Bay, a world-famous surfing paradise set to the backdrop of green inland mountains. Hanalei’s 96714 ZIP Code has some of the priciest residential real estate in Hawaii, the state with the highest median house listing price in the U.S., according to Realtor.com. (News Corp, owner of The Wall Street Journal, also operates Realtor.com under license from the National Association of Realtors.) “You could literally have a $50 million house next to a small cottage that’s worth a million dollars.”
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