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☆ The complicated partnership between Apple and OpenAI
▼ + stars: | 2024-06-14 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +9 min

Nearly an hour later, the iPhone maker announced a much-rumored partnership with OpenAI to bring its ChatGPT technology to devices later this year. “I think Apple will take a pragmatic approach to the OpenAI partnership,” Wood said. Apple said it will not share any personal user information with OpenAI, so inquiries made through ChatGPT won’t be linked to an Apple user’s account. So it came as no surprise when some industry watchers, including Elon Musk, were quick to react to Apple’s partnership with OpenAI. “When users do query ChatGPT, Apple will track the prompts and gather metrics to improve its own models,” he said.

Persons: Sam Altman, Steve Wozniak, OpenAI, Altman, Tim Cook, ”, Ben Wood, “ Apple, Siri, Apple, ” Wood, Jeff Chiu, It’s, ” Cook, it’ll, Wood, Reece Hayden, Elon Musk, Musk, ” Musk, Annette Zimmermann, ” Andrew Cornwall, Forrester, “ Organizations: CNN, Apple, Insight, Apple Intelligence, Nvidia, Microsoft, ChatGPT, ABI Research, Industry, OpenAI, SpaceX, Gartner Locations: China, Washington, Cupertino , Calif

☆ EU election outcome 'really good news' for Germany's FDP, lead candidate says
▼ + stars: | 2024-06-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEU election outcome 'really good news' for Germany's FDP, lead candidate saysMarie-Agnes Strack-Zimmermann, newly elected German MEP for the Free Democratic Party (FDP), discusses the election outcome and the path ahead for the bloc.

Persons: Marie, Agnes Strack, Zimmermann Organizations: Germany's FDP, Free Democratic Party

☆ Protesters Block Roads Across the U.S. to Support Those in Gaza
▼ + stars: | 2024-04-15 | by ( Colbi Edmonds | More About Colbi Edmonds | ) www.nytimes.com time to read: +2 min

Pro-Palestinian protesters shut down traffic Monday morning in cities across the country, part of a global effort to disrupt economies and pressure world leaders to push for a cease-fire in the Gaza Strip. In Chicago, protesters on I-190 blocked traffic coming into O’Hare International Airport, and passengers who’d already arrived started walking on foot with their luggage to catch their flights. In San Antonio, protesters carrying Palestinian flags blocked both sides of the Valero energy company headquarters, jamming traffic on the city’s northwest side. And in Philadelphia, pro-Palestinian protesters organized a teach-in that blocked rush-hour traffic. In Middletown, Conn., for example, pro-Palestinian protesters blocked employees entering and leaving a Pratt & Whitney factory that exports military engines for aircrafts.

Persons: Zimmermann, Protesters Organizations: O’Hare International, City Hall, Philadelphia Inquirer, Pratt & Whitney, aircrafts . Police, Hartford Courant, Protesters Locations: Gaza, California, Oakland, Chicago, O’Hare, San Antonio, Valero, Philadelphia, City, Israel, Middletown, Conn, United States, Athens, Belfast, Northern Ireland, Sydney, Australia, Barcelona, Spain

☆ Academics used AI and machine learning to test 29,000 financial ratios. Here's the metric they found was the best predictor of stock-market returns.
▼ + stars: | 2024-04-06 | by ( Laila Maidan | ) www.businessinsider.com time to read: +9 min

Determining the best predictors of stock-market returns is like seeking the Holy Grail for investors. They also allowed the algorithm to come up with its own ratios in an attempt to determine whether there are better indicators of stock-market performance. Examples of variables included sales, market value, and cost of goods. The data points were then scaled using ratios to correlate a company's sales revenue to other variables, such as its size. Robbins noted that traditionally, academics begin with a theory for why certain company fundamentals could be good predictors of stock market returns before testing them.

Persons: Alejandro Lopez, Lopez, Andrew Y . Chen, Tom Zimmermann, Michael Robbins, Lira, ChatGPT, Robbins, It's Organizations: Lira, University of Florida, University of Cologne, Institutional, Investors, New York Stock Exchange, American Stock Exchange, Nasdaq, Lopez

☆ Ian Bailey, suspect in notorious West Cork murder case, dead at 66
▼ + stars: | 2024-01-22 | by ( Lianne Kolirin | Kara Fox | ) edition.cnn.com time to read: +3 min

Back in 2019, the Paris Criminal Court convicted Ian Bailey in absentia of the murder of TV producer Sophie Toscan du Plantier and sentenced him to 25 years’ imprisonment. Sophie Toscan du Plantier's brutalized body was discovered outside her home in West Cork. Patrick Zimmermann/AFP/Getty ImagesOn December 23, 1996, 39-year-old Toscan du Plantier was found bludgeoned to death near the gate of her vacation home near Toormore, in Ireland’s West Cork region. The case was widely publicized as the victim had been married to Daniel Toscan du Plantier, a well-known French film producer. Weeks after the murder, Bailey’s editor at the now defunct Sunday Tribune told police that he told her that he killed Toscan du Plantier to resurrect his career.

Persons: CNN —, Ian Bailey, Sophie Toscan du Plantier, Bailey, Sophie Toscan du, Patrick Zimmermann, Plantier, Daniel Toscan du, Frank Buttimer, “, Ian, du, Buttimer, ”, Weeks, Toscan du Plantier, Antoine Crouin Organizations: CNN, Criminal, Netflix, Police, PA Media, Sunday Tribune Locations: French, Ireland, West Cork, Toormore, Ireland’s West Cork, France

☆ I've made $27K renting my clothes to strangers. Here's how I started this side hustle that takes 1 hour a day.
▼ + stars: | 2023-12-08 | by ( Pooja Shah | ) www.businessinsider.com time to read: +6 min

I was shocked at how many dresses she had for the wedding and asked her how she did it. She told me she rented them on a platform called By Rotation , a website where you can rent out clothes and accessories. Over the past 18 months, I have made over £21,392, or nearly $27,000, by renting on By Rotation and Hurr. AdvertisementI reinvest some of my rental earnings to buy more inventoryI reinvest some of my rental income by buying a couple of dresses a month, building my inventory. Make your wardrobe work for you, but don't rent out items with sentimental attachments on the rare chance they get damaged.

Persons: —, Jessica Templeton, Jess, It's, Templeton, Jess Templeton, I'm, I've Organizations: Service, Business Locations: Buckinghamshire, England, London

☆ More part-time workers to get access to employer retirement plans next year
▼ + stars: | 2023-11-17 | by ( Stephanie Dhue | Stephanie-Dhue | ) www.cnbc.com time to read: +2 min

watch nowLike many workers, saving for retirement wasn't a priority for Mark Zimmermann. His employer, Mitchell Metal Products, has fewer than 100 workers and lets its part-time employees participate in the 401(k) plan. The Merrill, Wisconsin-based manufacturer offers part-time workers access to the company 401(k) retirement plan as a way to attract and retain workers. More part-time workers to get 401(k) access in 2024York, South Carolina, Now hiring, part time cooks sign posted outside Wing King Restaurant. Also included are provisions to expand part-time workers' access to retirement accounts.

Persons: Mark Zimmermann, he'd, Zimmermann, He's, Tim Zimmerman, Jeff Greenberg Organizations: CNBC, Mitchell Metal Products, Universal, U.S . Bureau of Labor Statistics, Companies Locations: Wisconsin, Merrill , Wisconsin, York, South Carolina, U.S

☆ Paris Fashion Week: Highlights from the Spring-Summer 2024 runways
▼ + stars: | 2023-10-06 | by ( Samantha Tse | ) edition.cnn.com time to read: +15 min

Meanwhile over at Miu Miu, it was a heartfelt adieu to Fabio Zambernardi after more than four decades with the Prada Group; as in Milan, Miuccia Prada came out and took a bow with him one last time. Pamela Anderson attended fashion week shows sans makeup, as shown here at Vivienne Westwood. At Miu Miu, Sydney Sweeney, Emma Chamberlain, Zaya Wade and Mia Goth made for an eclectic, très-trendy front row; Cate Blanchett appeared at Louis Vuitton alongside Zendaya, who wore a dramatic white double-zipper dress that has gone viral. Issey Miyake continues to explore movement in its runway shows, this season with musicians imitating chirping and other sounds found in nature. Peter White/Getty ImagesOne of the most joyful moments on the Miu Miu runway was the accessory styling.

Persons: Milan —, Peter Do, Helmut Lang, Francesco Risso, Marni, Stefano Gallici, Ann Demeulemeester, “, Sarah Burton’s, Alexander McQueen, Burton, Lee McQueen’s, Magdalena Abakanowicz’s, McQueen, Sarah Burton, Ik Aldama, Alexander McQueen Naomi Campbell, Aldama, Anna Wintour, Tim Blanks, Gabriela Hearst, Chloe, Miu Miu, Fabio Zambernardi, Miuccia Prada, Paris Hilton, Angela Bassett, Fan Bingbing, Jared Leto, Sigourney Weaver, Cher, Usher, Chanel, Riley Keough, Jennie Kim, Blackpink, Pamela Anderson, Vivienne Westwood, JM Haedrich, Pamela Anderson forewent, Issa Rae, Francesco Risso’s, Mugler, Sydney Sweeney, Emma Chamberlain, Zaya Wade, Mia Goth, Cate Blanchett, Louis Vuitton, Zendaya, Jun Takahashi, Victor Virgile, Junya Watanabe, Casey Cadwallader, chiffon, corseted, Rick Owens, Zimmermann, charmeuse, Van Noten, Karl Lagerfeld’s, Victoria Beckham, Kim Kardashian, Kris Jenner, Issey Miyake, chirping, Valentino, FKA, Demna, Cathy Horyn, Guram Gvasalia, Amanda Lepore, Emmanuel Grégoire, Victor Lochon, Glenn Martens, Tweed, Virginie Viard, Bertrand Guay, Gabriela Hearst's, Ik, Hearst, Aitor Rosas Sune, WWD, Isidore Montag, Victoria Beckham Kendall Jenner, David, Romeo, Harper, Peter White, Bingbing, Daniele Oberrauch, Jonas Gustavsson, Karl Lagerfeld's, Miyake, Isabel Marant's, Filippo Fior, Isabel Marant, Jun, Valerio Mezzanotti, Ann Valerio Mezzanotti Junya Watanabe, Miu, Jane Birkin, Julien De Rosa, Gigi Hadid, Caliee Spaeny, Priscilla Organizations: France CNN, Milan, Paris, Prada Group, SAG, Givenchy, Champs Elysee, Louis, LVMH, Getty, Washington Post, Rugby Locations: Paris, France, New York, London, “ Paris, Polish, Brazil, Milan, Hollywood, Balenciaga, AFP, Brooklyn, Van

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/style/fashion/raquel-zimmermann-dior-hermes-courreges-givenchy-3c0c1bae

Persons: Dow Jones, raquel, zimmermann, 3c0c1bae Organizations: dior

☆ MLB roundup: Astros, D-backs punch tickets to postseason
▼ + stars: | 2023-10-01 | by ( ) www.reuters.com time to read: +10 min

Verlander (13-8) allowed two hits in five scoreless innings, while Kelly (12-8) went seven innings and allowed five hits and one run. Marlins 7, Pirates 3Jazz Chisholm Jr. homered and added an RBI single for visiting Miami, which beat Pittsburgh to clinch an NL wild-card spot. Josh Bell added a two-run double and sacrifice fly, and Bryan De La Cruz an RBI single for the Marlins. Endy Rodriguez and Bryan Reynolds each hit an RBI single for the Pirates. Joey Meneses followed with an RBI single and scored on Luis Garcia's double.

Persons: Miami Marlins Luis Arraez, Xavier Edwards, Jazz Chisholm, Charles, Saturday's, Houston's Justin Verlander, Arizona's Merrill Kelly, Verlander, Phil Maton, Kelly, Jose Abreu, Chisholm, Josh Bell, Bryan De La Cruz, Endy Rodriguez, Bryan Reynolds, Andrew Heaney, Jonah Heim, Eugenio Suarez, Spencer Strider, Marcell Ozuna, John Smoltz, Strider, CJ Abrams, Joey Meneses, Luis Garcia's, Andy Ibanez, Akil Baddoo, Carson Kelly, Miguel Cabrera's, Cabrera, Beau Brieske, Triston McKenzie, Taylor, Megill, Edmundo Sosa, Brandon Marsh, Weston Wilson, Brooks Raley, Adam Ottavino, Frankie Montas, Estevan Florial, Gleyber Torres, Yan Gomes, Gomes, Willy Adames, William Contreras, Blake Perkins, Carlos Santana, Michael Wacha, Profar, Ji Man Choi, Juan Soto, Lenyn Sosa, Anthony Santander's, Kyle Gibson, Bruce Zimmermann, Adam Duvall, Kutter Crawford, Lars Nootbaar, Jose Fermin, Louis, Jordan Walker, Ivan Herrera, Luken Baker, Masyn Winn, Noelvi Marte, Connor Phillips, Francisco Alvarez, Kyle Schwarber, Johan Rojas, Trevor Larnach, Edouard Julien, Matt Wallner, Max Kepler, Christian Vazquez, Chris Paddack, Brenton Doyle, Sean Bouchard, Elehuris Montero, Nolan Jones, Alan Trejo, Karl Kauffmann, Tristan Beck, Clayton Kershaw, Tyler Fitzgerald, Kai Correa, Max Muncy, Kershaw, Shea Langeliers, Joe Boyle, Zack Gelof, Boyle, Brandon Drury, Mike Moustakas Organizations: Miami Marlins, Pittsburgh Pirates, PNC Park, Miami, Astros, Diamondbacks, American League, Arizona, National League, Cincinnati Reds, St, Louis Cardinals, Marlins, Pirates, Pittsburgh, Rangers, Mariners, Texas, Seattle, Houston, Braves, Washington, Keibert, Tigers, Detroit, Guardians, AL, Blue Jays, Tampa Bay, Toronto, Rays, Mets, Phillies, NL, Yankees, Royals, New York, Kansas City, Cubs, Brewers, Chicago, Milwaukee, NL Central, Padres, White Sox, San, Orioles, Red Sox, Baltimore, Boston, Cardinals, Reds, Cincinnati, New, Philadelphia, Twins, Rockies, Minnesota clobbered, Minnesota, Colorado, Giants, Dodgers, San Francisco, Los, Athletics, Oakland, Los Angeles, Detroit Tigers, Thomson Locations: Pittsburgh , Pennsylvania, USA, Arizona, Houston, Phoenix . Houston, Texas, Cleveland, New York, Philadelphia, San Diego, Chicago, Cincinnati, Minnesota clobbered Colorado, Denver, Los Angeles, Los, Anaheim , Calif

☆ Your side hustle could be sitting in your closet. Here's how one pilates instructor made nearly $10,000 from her designer dresses.
▼ + stars: | 2023-08-21 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +6 min

She uses the app By Rotation to rent out dresses and accessories from her closet. For example, a three-day dress rental for a summer wedding can cost between $78 and $450, depending on the label. Hollishead has made £7,637 in rental sales, or about $9,812, on the By Rotation app in the past year. Renting my clothes is the ideal side hustle for me because I love buying dressesHollishead rents out her designer dresses on the By Rotation app. Here's how a rental on the By Rotation app works:Hollishead suggests writing thorough descriptions of each item you rent out.

Persons: Charlie Hollishead, Hollishead, Zimmermann, I've, you've, Ganni, Leslie Amon, Charlotte Simone Organizations: Service, Ascot Locations: London, Wall, Silicon

☆ I'm a pilates instructor who has earned nearly $10,000 by renting out my designer dresses. My dresses pay for themselves and then some.
▼ + stars: | 2023-07-25 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +6 min

Persons: Charlie Hollishead, Hollishead, Zimmermann, I've, you've, Ganni, Leslie Amon, Charlotte Simone Organizations: Service, Ascot Locations: London, Wall, Silicon

☆ With home improvement projects down, it’s Ikea’s moment
▼ + stars: | 2023-07-08 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +5 min

Over the next three years, it plans to open eight large stores and nine smaller “plan and order points,” where customers can chat with design consultants and order products. “We see endless opportunities to grow” in the US, Tolga Öncü, head of Ikea Retail for the Ingka Group, Ikea’s Dutch holding company, said in a statement at the time. After splurging on home improvement projects during the pandemic, consumers are pulling back. Home improvement retailer Lowe’s lowered its profit and sales outlook for the year in May, saying consumers were spending less on home improvement. Ikea, which is not publicly traded, reported that its retail sales rose by 6.5% in fiscal year 2022, but didn’t post quarterly results.

Persons: ”, Michael Brown, Spencer Platt, Tolga Öncü, Karl Zimmermann, “, Sucharita Kodali, Forrester, “ they’re, Zimmermann, Paul Bersebach, Marisa Ortega, splurging, Ethan Allen, ” Ortega, —, Anna Cooban, David Goldman, Nathaniel Meyersohn, Parija Kavilanz Organizations: New, New York CNN, Ikea, Ikea Retail, Ingka, Bain, MediaNews, Orange, Register Locations: New York, Aldi, Long Beach , California

☆ Israel tech fundraising suffers 65% annual slump in second quarter
▼ + stars: | 2023-06-28 | by ( Steven Scheer | ) www.reuters.com time to read: +2 min

Classiq/Handout via REUTERS/File PhotoJERUSALEM, June 28 (Reuters) - Fundraising by Israeli technology firms slumped 65% in the second quarter compared to the same period last year, data showed on Wednesday, as political turmoil in the country exacerbated a global slowdown in the sector. Israeli tech companies raised nearly $16 billion in 2022. But that was mainly in the first half, before the global economic slowdown, higher interest rates and weak stock markets hit. Between April and June, there were only 100 deals and only one was above $200 million, the report said. High-tech had been the fastest growing sector in Israel for a decade, accounting for 14% of jobs and almost a fifth of economic output.

Persons: Yoni Zimmermann, Steven Scheer, Conor Humphries Organizations: REUTERS, IVC Research, Israel Innovation Authority, LeumiTech, Thomson Locations: Tel Aviv, Israel, Handout, cybersecurity, Israeli

☆ MLB roundup: Angels clip White Sox on walk-off wild pitch
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: +5 min

Detmers gave up one run on two hits in seven innings, while Cease allowed one run on five hits in six-plus innings. Spencer Strider (9-2) pitched seven innings and allowed one run on three hits while fanning 10. Sonny Gray (4-2) pitched 6 2/3 innings and allowed three runs -- matching his season high -- on seven hits. Castillo (5-6), who lost his previous four starts and last won May 27, allowed runs in each of the first three innings before settling in. He gave up three runs (two earned) on seven hits, with one walk and seven strikeouts.

Persons: Shohei Ohtani, Taylor Ward, Matt Thaiss, Mickey Moniak, Mike Trout, Mike, Read, Aaron Bummer's, Mike Moustakas, Yasmani, Trout, Reynaldo Lopez, Carlos Estevez, Lopez, Reid Detmers, Dylan, Detmers, Luis Robert Jr, homering, Shohei, Matthew Boyd, Will Vest, Boyd, Vest, Mason Englert, Andy Ibanez's, Andrew Heaney, Heaney, Marcus Semien, Adolis Garcia, Austin Hays, Spencer Steer, Bruce Zimmermann, Brandon Williamson, Colin Rea, Joey Wiemer, Francisco Lindor lofted, Rea, Justin Verlander, Drew Smith, Ozuna, Ronald Acuna Jr, Spencer Strider, Strider, Sonny Gray, Luis Castillo, Castillo, J.P . Crawford, Eugenio Suarez, Lane Thomas, Dominic Smith Organizations: Los Angeles Angels, Chicago White Sox, White Sox, Angels, Los Angeles, Tigers, Rangers, Detroit, Texas, Orioles, Reds, Baltimore, Cincinnati, Brewers, Mets, Milwaukee, Braves, Atlanta, Minnesota, National League East, American League Central, Mariners, Nationals, Seattle, Washington, Thomson Locations: Anaheim , California, USA, Anaheim , Calif, White, Chicago, Arlington , Texas, Texas, Baltimore, New York

☆ Macy's top retail media exec reveals the company's plan to use The Trade Desk to propel its surging $144 million ad business
▼ + stars: | 2023-05-08 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +3 min

Macy's has signed a deal with adtech firm The Trade Desk to sell targeted programmatic ads. Macy's data can also find people who are likely to be luxury shoppers and buy big-ticket products. Advertisers pay for those ads using their trade marketing budgets that brands spend in exchange for selling products at Macy's. That spend is typically handled by ad agencies that purchase ads using digital ad buying platforms like The Trade Desk. The Macy's deal is significant for The Trade Desk as well and shows how the adtech company is expanding its influence within retail media.

☆ Germany to end Patriot air defence system deployments in Poland, Slovakia this year
▼ + stars: | 2023-04-20 | by ( ) www.reuters.com time to read: +1 min

"The nations have been informed about the plans," a spokesperson for the Ministry of Defence was quoted as saying by Funke media group. The deployment in Poland should end in June while the one in Slovakia will expire by the end of year, the spokesperson added. The German government has also delivered a Patriot system from army stocks will also be delivered to Ukraine this year. Germany had 36 Patriot units when it was NATO's frontline state during the Cold War. Today, the German forces are down to 11 Patriot units.

These kind of megadeals are at the vanguard of billions of dollars of annual spending on classic cars globally in a wave of investment in this alternative asset. "The track record of the past 30 years tells us classic cars have become a financial asset class we want our clients to have in their portfolios." [1/5] A general view of the classic car collection of Florian Zimmermann, owner of over 300 classic cars, in a warehouse in Lindau, Germany, April 5, 2023. "Electrification will favour classic cars," said Cristiano Bolzoni, head of Maserati's vintage car unit Maserati Classiche. "The classic car community has changed tremendously over the past five to 10 years," Zimmermann said.

Healthcare group Fresenius (FREG.DE) said late on Tuesday it would give up strategic control over FMC via a planned change of the division's legal form, also releasing annual results and an outlook that failed to impress investors. Fresenius CEO Michael Sen, a former E.ON (EONGn.DE) and Siemens (SIEGn.DE) executive who took over the helm in October, wants to simplify the company's structure but said he will hang onto the 32% stake Fresenius owns in FMC. This makes a sale more likely in the future, said Florian Oberhofer, portfolio manager at Union Investment, which holds 0.26% of Fresenius shares. Sen said Fresenius was banking on a business improvement at FMC and Vamed and on participating financially in this through its holdings in both. FMC and Fresenius shares lagReporting by Ludwig Burger and Patricia Weiss; Additional reporting by Christoph Steitz; Writing by Rachel More; Editing by Josephine Mason, Elaine Hardcastle and Alexander SmithOur Standards: The Thomson Reuters Trust Principles.

☆ Europe considers a digital currency as it strives to counter U.S. and China's tech dominance
▼ + stars: | 2023-02-16 | by ( Silvia Amaro | ) www.cnbc.com time to read: +1 min

The European Central Bank is working on a digital currency as the region seeks to protect itself from tensions with China and the United States. The central bank started investigating the feasibility of a digital euro back in October 2021. Right now, Europe lacks digital platforms," Guido Zimmermann, senior economist at German bank LBBW, told CNBC Wednesday. "Already now more than two thirds of European card payment transactions are run by companies with headquarters outside the European Union," she added. Mastercard , Visa , PayPal, Alipay and UnionPay make up the top global companies for payments.

NATO has just completed an extraordinary survey of the remaining munition stocks, a NATO official told Reuters on condition of anonymity. "Those NATO (munitions targets) that we set, and each ally has a specific target, those were not being met for the most part (before the Ukraine war)," the official said. "I would be absolutely gobsmacked if the targets…were not increased," said the NATO official. After the Cold War, the production of ammunition had turned "quite artisanal", said the NATO official. "I don't necessarily think that within the next year our stockpile levels will increase massively," the NATO official said.

☆ Olaplex customers just filed a lawsuit alleging hair loss. See how other consumer suits have played out.
▼ + stars: | 2023-02-10 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +8 min

Olaplex has been sued by customers who alleged its products damaged their hair and scalp. Companies like Thinx, P&G, and Unilever have set aside millions of dollars to settle consumer suits. The suit's allegations follow a pattern familiar in other consumer lawsuits, which have also targeted companies' advertising and the ingredients in their products. In that case, customers said Devacurl's curly hair products contained ingredients that released formaldehyde and caused skin irritation, and said the company had quietly changed ingredients and formed a committee to handle negative publicity. Devacurl has said on its settlement website that it "vigorously denies" claims of health problems like hair loss and scalp problems.

SummarySummary Companies Number of cases totals 57, court records showFeb 6 (Reuters) - Nearly 60 lawsuits claiming hair relaxer products sold by L'Oreal USA Inc and other companies cause cancer and other health problems will be consolidated in Chicago federal court, according to a Monday order from the Judicial Panel on Multidistrict Litigation. At least 57 lawsuits have been filed in federal courts across the country over the products, which use chemicals to permanently straighten textured hair, court records show. The lawsuits allege the companies knew their products contained dangerous chemicals but marketed and sold them anyway. In a statement posted online after the first lawsuits were filed, L'Oreal said it is "confident in the safety of our products and believe the recent lawsuits filed against us have no legal merit." She estimates that thousands of women could end up suing over the products, which are typically marketed to women of color.

☆ Why buzzy cases like the $5 million Thinx settlement don't often result in customers getting much money back
▼ + stars: | 2023-01-27 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +8 min

Thinx customers can now seek recoveries as part of a settlement by the period underwear brand. The news may have some customers wondering: Can I, too, recoup money spent on a product that let me down? Instead, these cases — which can take years — may recoup only a portion of customers' spending on the products in question. The Thinx settlement includes a $4 million pot to pay customers and legal fees, and as much as another $1 million for any required "valid claims," according to the settlement. Unilever agreed to the settlement while "denying wrongdoing of any nature and without admitting liability," according to the settlement agreement.

BERLIN/FRANKFURT, Jan 19 (Reuters) - BASF (BASFn.DE) investors said that oil and gas business Wintershall Dea's exit from Russia, though painful, clears the way for plans to take it public and for BASF to focus on its chemicals operations. Portfolio manager Arne Rautenberg of mutual fund company Union Investment, among the 10 largest BASF shareholders, welcomed BASF drawing a line. "This step will facilitate an IPO of Wintershall Dea," said Cornelia Zimmermann, a corporate governance specialist at mutual fund group Deka Investment. BASF said last year that the oil and gas company's exposure in Russia was the reason for it to hold off on plans to take Wintershall Dea public. Before the Ukraine war, Russia had accounted for roughly half of WD's global oil and gas output.

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