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☆ Insider Today: Tech's biggest lie
▼ + stars: | 2023-09-18 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +9 min

In recent years, some members of Congress have lacked a basic understanding of technology, let alone something as complex as generative AI. Marc Benioff spent much of the annual Dreamforce conference sounding the alarms on how untrustworthy generative AI is right now. Marc Benioff spent much of the annual Dreamforce conference sounding the alarms on how untrustworthy generative AI is right now. It's International Equal Pay Day. The UN General Assembly created this day in 2019 with "equal pay for work of equal value" in mind.

Persons: Mark Sumersett, isn't, Simon Simard, Daron Acemoglu, Insider's Aki Ito, Acemoglu, hasn't, Aki, It's, Nat Friedman, Rebecca Zisser, Peter Brown, Marc Benioff, Salesforce, Greg Johnson, Gary Reyes, Janette Beckman, Getty, Johnny Nunez, Lynn Goldsmith, Dakarai Akil, Tupac, Akon, Sean Kingston, Gucci Mane, There's, Carly Pearce, Valter Longo, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, MIT, Renaissance Technologies, Bloomberg Beta, McAfee, Oakland Tribune Staff, Interscope Records, Academy of Country, FOX, UN, Assembly, Getty Locations: Wall, Silicon, New York City, San Diego, London, New York

The offensive line has been bullied at times, and the receivers and running backs haven't always shined either. 3 Texas and going more than 40 minutes before managing a touchdown against South Florida. The South Florida game marked the first time Alabama has failed to score at least 20 points against a non-Power Five conference opponent since 2007. Terrence Ferguson Jr. started in place of Tyler Booker (back spasms) at left guard against South Florida. “In my opinion, especially on defense, we do a great job of coming out with energy,” Alabama offensive tackle JC Latham said.

Persons: haven't, Nick Saban, Milroe, Bryant, Denny, Tyler Buchner, Ty Simpson, Jalen, ” Saban, “ He’s, he’s, ” Buchner, Simpson, It's, Bryce Young, Tommy Rees, Ole, Lane Kiffin, Rees, ” “, ” Kiffin, “, Kadyn Proctor, Terrence Ferguson Jr, Tyler Booker, JC Latham, We’ve Organizations: Crimson Tide, South, Southeastern Conference, NFL, Ole Miss, SEC, ” Alabama, Tide, “, Alabama, AP Locations: Alabama, Texas, South Florida . Alabama, Mississippi, South Florida, Tuscaloosa, Florida

In its annual renumeration report, Stellantis reported CEO Carlos Tavares' 2022 pay was 23.46 million euros. That's a nearly 77% increase over then Fiat Chrysler CEO Mike Manley's 2019 pay of 13.28 million euros. However you slice the numbers, the gap between CEO pay and rank-and-file workers at all three companies is gigantic. It's far above the typical pay gap at S&P 500 companies, which was 186-1 according to AP's annual CEO pay survey, which uses data analyzed by Equilar. CEO Elon Musk's 2022 compensation was reported as zero in the company's proxy statement, rendering its official pay ratio meaningless.

Persons: — It’s, Shawn Fain, Fain, ” Fain, ”, Mary Barra, James Farley, William Clay Ford, Stellantis, Carlos Tavares, Mike Manley's, “, Equilar, Tavares, That's, Manley, —, Tavares ’, Harry Katz, Tesla, Elon, Tom Krishner Organizations: United Auto Workers, UAW, Netflix, Writers Guild of America, WGA, Comcast, Big Three, —, Motors, Ford, Chrysler, Associated Press, Big, General, Barra, AP, Equilar, Fiat Chrysler Automobiles, French PSA Group, GM, Fiat Chrysler, Institute, Detroit, Cornell University, U.S Locations: Stellantis, American, European, Detroit

☆ Tupac, Cocaine, Murder: Henchmen Brothers, Hip-Hop's Forgotten Moguls
▼ + stars: | 2023-09-17 | by ( David Kushner | ) www.businessinsider.com time to read: +39 min

Mario called Tupac. All he could do was listen to her cry as he explained that he didn't know when he'd be back. He didn't speak Spanish, didn't know a soul in Mexico, and had no clue where he would be sent. Mario didn't ask why, and the guy didn't inquire about Mario's predicament. "It's all good, man," Mario told Jimmy.

Persons: Mario Rosemond, Rosemond, Jimmy, Mario, Akon, Sean Kingston, Gucci Mane, Jimmy Rosemond —, Lowell, Lodi Mack, Fletcher, Tupac Shakur, Tupac, Biggie Smalls, Jimmy Rosemond, Saul Goodman, Tommy Davis, Mario stammered, It's, Jimmy Jr, Andrea, Constantin, Johnny Nunez, Rikers, —, Slick, Russell Simmons, Benny Medina, Lyor Cohen, Chris Lighty, Mona Scott, Mark Sparks, Shoop, Paul Bergen, Bryce Wilson, Wilson, Mohammed, Tef, Stewart, Little Shawn, Puff Daddy, Pac, Freddie Moore, Moore, Al Pereira, would've, Jimmy wasn't, They'd, didn't, Jimmy didn't, —, Mike Tyson, Lennox Lewis, Wyclef Jean, Garland, Cyrus, THONY BELIZAIRE, Mariah Carey, LL, Missy Elliott, Cent, Tef Stewart, Jimmy Rosemond Jr, Jimmy Sr, Khalil Abdullah, Jimmy Iovine, determinedly, DJ Skee, Mario couldn't, Mario chuckles, he'd, GummyBone, Mario didn't, I'm, freckling, he's, isn't, I've, Jim Brown, Michael K, Williams, Donald Trump, Arturo Holmes, Scott Olson, Trump, Brown, James Rosemond Jr, David Kushner Organizations: FBI, Entertainment, Justice Department, Bronx ., Quad Studios, AP, grandad, Wall, Black Panthers, Junior Mafia, Hollywood, Haiti, Management, Apollo, Lowell, Racing, Interscope Records, Interscope, Feds, Department of Motor Vehicles, DMV, Colombian, York Post, Drug, Administration, NFL, Trump, Stone, Atari Locations: Mexico, Haiti, Brooklyn, Bronx, Cuernavaca, Spanish, Rahway , New Jersey, Port, New York City, Vanderveer Estates, East Flatbush, Rikers, Islam, Miami Beach, New York, New Jersey, East Coast, West Coast, Plainfield , New Jersey, Brandy, Los Angeles, Czar's, Harlem, LA, California, Beverly Hills, San, Tijuana, Mexico City, Colombian, San Diego, Manhattan

To boost his profile, Zuberi also donated to, or hired, several Washington advocacy groups, lobbying shops and public relations firms. Those officials included Olson, former NATO supreme commander Gen. Wesley Clark and former acting director of U.S. Immigration and Customs Enforcement John Sandweg. The trio lobbied U.S. officials after returning from their Doha meeting with Qatari officials, the FBI said. He added that one of his greatest regrets was recruiting Allen into the effort because of the subsequent negative publicity. Allen has denied any wrongdoing but stepped down as president of the Brookings Institution, a prestigious Washington think tank, amid the FBI investigation.

Persons: —, Richard G, Olson, Obama, Imaad Zuberi, Judge G, Michael Harvey, Harvey, Prosecutors, Evan Turgeon, Turgeon, Zuberi, Harvey's, “, Joe Biden, Zubari, Wesley Clark, John Sandweg, John Allen, Allen, strategize, ___ Mustian Organizations: WASHINGTON, U.S, State, Prosecutors, FBI, Justice Department's, Press, NATO, . Immigration, Allen, Brookings Institution Locations: Persian, Afghanistan, Pakistan, Qatar, Zuberi, Washington, Doha, U.S, New York

Here’s a look at what to expect on election night:ELECTION DAYThe special election for Pennsylvania state House District 21 will be held on Tuesday. WHAT’S ON THE BALLOTThe Associated Press will provide coverage for the special election in District 21, which is the only race on the ballot. WHO GETS TO VOTEVoters must be registered in House District 21 to participate in the special election. DECISION NOTESUnder its current boundaries, District 21 heavily favors Democrats. In the 2022 general election in District 21, the AP first reported results at 8:39 p.m.

Persons: Sara Innamorato, Lindsay Powell, Chuck Schumer, Hakeem Jeffries, Pittsburgh Mayor William Peduto, Erin Connolly Autenreith, Thomas Connolly, Innamorato, Hillary Clinton, Joe Biden, Sen, John Fetterman, Mehmet Oz, Pennsylvania, John Galloway, Frank Perman, Autenreith, Perman, Powell, it’s Organizations: WASHINGTON, Representatives, Democratic, Republican, Allegheny, Republicans, U.S, Pittsburgh Mayor, Shaler Township Republican, Pennsylvania House, Rep, Pennsylvania, Press, WHO, House, AP, Pennsylvania’s, Pennsylvania Department, State’s Locations: Shaler Township, McKees, Allegheny County, Pennsylvania, Pittsburgh, Etna, Millvale, District, Shaler, underperform

SAP Labs India Managing Director Sindhu Gangadharan hopes the Indian unit will scale up its share of global SAP patents to 50% from 25% currently, she said in an interview on the sidelines of an event in Bengaluru. SAP Labs India, which employs over 15,000 people, aims to embed generative AI across its products to cater better to the changing needs of its clients ranging from Thermax (THMX.NS) to Dabur India (DABU.NS). "Through AI, India can solidify its IT supremacy," Gangadharan had said in the event, earlier in the day. The comments come as SAP looks to "double down" on investments in India, its fastest growing region and home to 40% of its global Research and Development (R&D) activity. Gangadharan, while referring to the regulation of AI, said there should be a "great amount of responsibility barriers with flexibility to the end-user".

Persons: Arnd, Sindhu Gangadharan, Gangadharan, Sam Altman, Hritam Mukherjee, Navamya Ganesh, Dhanya Skariachan, Josie Kao Organizations: SAP, AG, REUTERS, Rights, Reuters, SAP Labs India, Research, Microsoft, Thomson Locations: Regensdorf, Switzerland, Bengaluru, India

Western officials saw the summit with North Korea as an effort by Putin to secure a potential arms bonanza for his military. North Korea also could increase its ammunition production at Russia’s behest. Yang Uk, a security expert at South Korea’s Asan Institute for Policy Studies, noted that in addition to Soviet-designed armaments, North Korea also could share some of its latest military equipment. “There isn’t really much left in the policy toolbox in terms of addressing the challenges specifically from Russia and North Korea,” Park observed. It’s just basically not implementing sanctions.”A major factor Russia needs to consider while it seeks to expand ties with North Korea is China, Pyongyang's No.

Persons: Vladimir Putin, Kim Jong Un, Putin, Kim, Josef Stalin, Kim Il Sung, ”, John Park, Harvard Kennedy, it’s, James O’Brien, James Nixey, Volodymyr Zelenskyy, “, Yang Uk, ” Yang, Leif, Eric Easley, “ Putin, ” Nixey, Antonio Guterres, “ It’s, It’s, Danica Kirka, Emma Burrows, Kim Tong, hyung, Kim Hyung Organizations: North, Putin, Harvard, U.S . State Department, Chatham House, South Korea’s Asan Institute, Policy Studies, Ewha University, U.S, Observers, Associated Press Locations: Pyongyang, Ukraine, Moscow, Asia, Korean, Korea, Russia, North Korea, ”, “, Eurasia, London, U.S, Central, Eastern Europe, South Korea’s, Soviet, Vostochny, Seoul, China, South Korea, Europe, Washington, russia, ukraine

☆ GE to sell stake in aircraft leasing provider AerCap
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Aly Song Acquire Licensing RightsSept 11 (Reuters) - AerCap Holdings NV (AER.N) said on Monday a unit of General Electric Co (GE.N) will sell 32.4 million shares in the aircraft leasing giant through an underwritten public offering. The transaction will be worth $2 billion based on AerCap's closing price, according to LSEG data, and follows a sale by GE of 18 million shares in March. GE said in March 2021 it will "over time" sell its stake - 33.6% as per latest LSEG data - after AerCap bought the conglomerate's aircraft leasing unit in a $30 billion deal. AerCap also agreed on Monday to repurchase 12.2 million shares, worth $750 million. GE Capital US Holdings Inc expects to grant the underwriters a 30-day option to purchase up to 4.9 million additional ordinary shares.

Persons: Aly, AerCap, Goldman Sachs, Morgan, Kannaki, Sriraj Organizations: Electric, GE, Artificial Intelligence, REUTERS, AerCap Holdings, General Electric Co, GE Capital US Holdings Inc, Citigroup, Barclays, BofA Securities, Thomson Locations: Shanghai, China, Dublin, Bengaluru

☆ GE to sell $2.44 bln stake in aircraft leasing provider AerCap
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +1 min

AerCap said GE Capital U.S. Holdings will sell about 40.7 million shares of the company at $59 per share. The offering was upsized from the previously announced 32.4 million shares. The transaction follows a sale of 18 million shares by GE in March. In March 2021, GE said it would "over time" sell its stake - 33.6% as per latest LSEG data - after AerCap bought the conglomerate's aircraft leasing unit in a $30 billion deal. AerCap also agreed on Monday to repurchase about 15.3 million shares, worth about $878 million, at $57.53 per share.

Persons: Aly, AerCap, Goldman Sachs, Morgan, Kannaki Deka, Sriraj Kalluvila Organizations: Electric, GE, Artificial Intelligence, REUTERS, AerCap Holdings, General Electric Co, GE Capital U.S . Holdings, GE Capital, underwriters, Citigroup, Barclays, BofA Securities, Thomson Locations: Shanghai, China, Dublin, Bengaluru

Kim’s delegation likely includes his foreign minister, Choe Sun Hui, and his top two military officials – Korean People’s Army Marshals Ri Pyong Chol and Pak Jong Chon. Other officials identified in North Korean state media photos may hint at what Kim might seek from Putin and what he would be willing to give. U.S. officials released intelligence last week that North Korea and Russia were arranging a meeting between their leaders. After decades of a complicated, hot-and-cold relationship, Russia and North Korea have been drawing closer since Moscow’s invasion of Ukraine in 2022. Both Russian and North Korean officials denied such claims.

Persons: —, Kim Jong Un, Vladimir Putin, Kim, Jeon Ha Gyu, Choe Sun Hui, Ri, Pak Jong Chon, Putin, Pak, Song, Adm, Kim Myong Sik, it's, Kim Jong, Jo Chun Ryong, Putin’s, Dmitry Peskov, ”, Adrienne Watson, “, Matthew Miller, Wagner, Sergei Shoigu, Jim Heintz, Aamer Madhani, Matthew Lee, Dake Kang, Ng Han Guan Organizations: Korean Central News Agency, Korea’s Defense Ministry, Korean People’s, Korea’s Unification Ministry, TASS, Associated Press, White, National Security, North, Democratic People’s, ”, Washington, United, Korean, Russian Locations: SEOUL, South Korea, Russia, Ukraine, North, North Korean, Korea, Russian, Vladivostok, Pyongyang, North Korea, Monday ., Ukrainian, DPRK, Democratic People’s Republic of Korea, Washington, Japan, Moscow, Beijing, United States, Korean, Tallinn, Estonia, Fangchuan, China, russia, ukraine

☆ Jim Cramer says this Big Tech stock has more room to run on the AI craze
▼ + stars: | 2023-09-11 | by ( Morgan Chittum | ) www.cnbc.com time to read: +1 min

Microsoft (MSFT) edged higher Monday after Citigroup opened a "90-day positive catalyst watch" on the stock, citing its potential around artificial intelligence. The firm reiterated its buy rating and $420 apiece price target, contending that the Big Tech name will be "trading higher into year end with a rich catalyst path ahead." If you like this story, sign up for Jim Cramer's Top 10 Morning Thoughts on the Market email newsletter for free. "They've got a real AI product. That is definitely, as Citi says, 'a rich catalyst.'"

Persons: Jim Cramer's, CNBC's Jim Cramer, Cramer, They've Organizations: Microsoft, Citigroup, Big Tech, Trust, CNBC, Citi

NEW YORK (AP) — All four Grand Slam trophies were there. The gilded cup given to the Wimbledon men’s titlist was escorted by two people associated with that tournament’s museum. Now, two years later, Djokovic and Medvedev will again decide the U.S. Open men’s champion. Djokovic is seeking what would be a 24th Grand Slam title, more than anyone in the sport’s Open era, and fourth in New York. “Every time in a Grand Slam final, it’s another shot for history and I’m aware of it, and of course I’m very proud of it,” Djokovic said.

Persons: Novak Djokovic, Daniil Medvedev, Arthur Ashe, Djokovic, Rod Laver, Medvedev, “, Chris Widmaier, ” Widmaier, Michael Fiur, Widmaier, Norman Brooks, wasn’t, Laver, “ You’re, Roland Garros, John F, Ashe, Carlos Alcaraz, Alcaraz, it’s, ” Djokovic, ” ___ Howard Fendrich, ___ Organizations: U.S . Tennis Association, USTA, Australian, Wimbledon, U.S, Associated Press, French, U.S . Open, des Mousquetaires, Brink’s Company, Kennedy International Airport, Flushing Locations: New York, Flushing Meadows, United States, Carlsbad , California, New, ESPN’s

DES MOINES, Iowa (AP) — The cost of building an artificial intelligence product like ChatGPT can be hard to measure. To keep it cool on hot days, data centers need to pump in water — often to a cooling tower outside its warehouse-sized buildings. The estimate includes indirect water usage that the companies don’t measure — such as to cool power plants that supply the data centers with electricity. It was also thirsty in Iowa, drawing more potable water to its Council Bluffs data centers than anywhere else. Its fourth and fifth data centers are due to open there later this year.

Persons: “, OpenAI, ”, Shaolei Ren, ChatGPT, ” Ren, you’re, Ren, Steve Gaer, Gaer, Brad Smith, ” Smith, —, O'Brien Organizations: DES, Microsoft, Google, University of California, Las, Associated Press, workloads, supercomputing, West, West Des Moines Water Works Locations: DES MOINES, Iowa, Des Moines, Riverside, Oregon, Las Vegas, San Francisco, West Des Moines , Iowa, California, West Des Moines, Arizona, West Des, Providence , Rhode Island

THOUSAND OAKS, Calif. (AP) — The Los Angeles Rams have placed receiver Cooper Kupp on injured reserve, sidelining him for at least their first four games. The Rams also put new tight end Hunter Long on injured reserve Saturday, one day before their season opener at Seattle. Kupp injured his hamstring Aug. 1 in training camp, and he aggravated the injury late last month. Political Cartoons View All 1148 ImagesThe Rams also signed kicker Brett Maher and quarterback Brett Rypien from their practice squad ahead of their trip to Seattle to face the Seahawks. Rypien will be the backup to Matthew Stafford in the absence of Stetson Bennett, who wasn't put on injured reserve despite a shoulder problem likely to prevent him from suiting up in Seattle.

Persons: Cooper Kupp, Hunter Long, Kupp, Brett Maher, Brett Rypien, Rypien, Matthew Stafford, Stetson Bennett, wasn't, Troy Reeder, ___ Organizations: Los Angeles Rams, Rams, Seattle, NFL, Super Bowl, Cincinnati, Philadelphia, Seahawks, Seattle . Locations: Calif, Minnesota, Seattle, Seattle . Los Angeles

☆ The rise of Snap CEO Evan Spiegel, once one of the youngest billionaires in the world
▼ + stars: | 2023-09-07 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: 1 min

At the same time, Spiegel was forced to reckon with charges against the lack of diversity in Snap's workforce. Snapchat CEO Evan Spiegel Michael Kovac/Getty ImagesAt an internal meeting in July 2020, Spiegel said that the company keeps its diversity reports private because releasing data would reinforce the idea that minority groups are underrepresented in the tech industry. Later that month, though, the company released its first diversity report. The report broke down employee demographics going back all the way back to when Snap was first founded in 2011. It showed that Black and Latinx employees comprised less than 11% of the company's staff and less than a third of the company's staff identified as women.

Persons: Spiegel, Evan Spiegel Michael Kovac

WARSAW, Poland (AP) — Film director Agnieszka Holland demanded an apology from Poland's justice minister after he compared her latest film, which explores the migration crisis at the Poland-Belarus border, to Nazi propaganda. Holland said Wednesday that she planned to bring defamation charges against Justice Minister Zbigniew Ziobro unless she receives an apology within seven days. Holland’s feature film, “Green Border,” explores a migration crisis that has played out along Poland’s border with Belarus over the past two years. Holland said the comparison to Nazi propaganda was offensive because of what Poland suffered under Nazi occupation during World War II and given her own background. Holland's film dramatizes the migration tragedy that unfolded in the “green border” of swamps and forests between Belarus and Poland.

Persons: Agnieszka Holland, Holland, Zbigniew Ziobro, Ziobro, ”, Poland, ” Holland Organizations: —, Reich, Venice Film, Nazi, Law, Justice Locations: WARSAW, Poland, Belarus, East, Africa, Russia, Venice, Warsaw, Polish, Ukraine

☆ Jazz quintet Ezra Collective wins Mercury Prize
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +2 min

[1/5] The winner of 2023 Mercury Prize, Ezra Collective, pose for a photograph at the Mercury Music Prize awards in London, Britain, September 7, 2023. REUTERS/Maja Smiejkowska Acquire Licensing RightsLONDON, Sept 7 (Reuters) - Ezra Collective on Thursday won the Mercury Prize for "Where I'm Meant to Be", the first jazz album to ever take home the British music award. Open to all musical genres, the Mercury Prize shortlists 12 albums released by British and Irish acts in the United Kingdom in the past year. by singer Jessie Ware, "Heavy Heavy" by Scottish group Young Fathers and experimental pop duo Jockstrap's debut "I Love You Jennifer B". ($1 = 0.8019 pounds)Reporting by Marie-Louise Gumuchian and Sarah Mills; editing by Diane CraftOur Standards: The Thomson Reuters Trust Principles.

Persons: Ezra, Maja Smiejkowska, Femi Koleoso, TJ Koleoso, Joe Armon, Jones, James Mollison, Ife Ogunjobi, Loyle Carner, Raye, Emeli Sande, Steve McQueen, Ezra Collective's, Little, PJ Harvey, DJ Fred, J Hus, Jessie Ware, Jennifer B, Olivia Dean's, Hugo, Marie, Louise Gumuchian, Sarah Mills, Diane Craft Organizations: Mercury, REUTERS, Thursday, British, Kojey, Ezra, Young, Thomson Locations: London, Britain, United Kingdom

NEW YORK (AP) — Novak Djokovic considers his mental state just as important as his physical condition when it comes to being prepared to play his best at age 36. “There’s a lot of players that never figured that out during their career. I feel strong.”Professional athletes offering frank thoughts on mental health is still a relatively recent development. “For quite a few years, actually, mental training was not really talked about much, generally, in the tennis world. "Because in the end of the day, we are also people that have to deal with the private issues that everyone has.”The ways players try to cope differs.

Persons: — Novak Djokovic, ”, Djokovic, Ben Shelton, “, ” Djokovic, you’re, Daria Kasatkina, Kasatkina, Bob Bryan, Mike, ” Bryan, Aryna Sabalenka, Naomi Osaka, didn’t, ” Osaka, Michael Phelps, Daniil Medvedev, Carlos Alcaraz, ” ___ Howard Fendrich Organizations: “, U.S, U.S ., it’s, Davis, of Famers, Madison Keys, Olympic, AP Locations: Flushing Meadows, Russia, New York

The head of the U.S. Senate Foreign Relations Committee has asked the country's top three oilfield services companies to explain why they continued doing business in Russia after its invasion of Ukraine, and demanded that they commit to “cease all investments” in Russia's fossil fuel infrastructure. Sen. Bob Menendez, a Democrat from New Jersey, cited an Associated Press report that the companies — SLB, Baker Hughes and Halliburton — helped keep Russian oil flowing even as sanctions targeted the Russian war effort. Much of Russia’s oil is hard to reach, and analysts say that had U.S. oilfield services companies all pulled out, its production would have taken an immediate hit. Halliburton wound down its Russia operations less than six months after the invasion, while Baker Hughes sold its oilfield services business in Russia after about nine months. In contrast, oil majors such as Shell and BP announced they would quit Russia within days or weeks of the invasion, writing off billions of dollars.

Persons: Sen, Bob Menendez, SLB, Baker Hughes, Halliburton —, B4Ukraine, Menendez, Joe Biden, Halliburton, Moira Duff, Duff, ” Halliburton, Brad Leone, ”, Eleanor Nichol Organizations: U.S . Senate Foreign Relations, Associated Press, AP, Schlumberger, Congress, Shell, BP Locations: Russia, Ukraine, New Jersey, American, U.S

☆ Lessor AerCap agrees settlement over Aeroflot jets stranded in Russia
▼ + stars: | 2023-09-06 | by ( Conor Humphries | ) www.reuters.com time to read: +4 min

Before last year's invasion of Ukraine, Russia was a major market for aircraft lessors, which bought jets from Boeing (BA.N) and Airbus (AIR.PA) and leased them to Russian airlines. Aeroflot said in a statement that ownership of 18 aircraft and five engines had transferred to NSK following settlement with AerCap. AerCap filed a $3.5 billion London lawsuit last year against AIG and Lloyd's over 141 aircraft and 29 aircraft engines it owned that were on lease to Russian airlines. AerCap said settlement discussions were ongoing with respect to claims under the insurance policies of several other Russian airlines. AerCap in March said it had been approached by Russian airlines and their insurance companies about possible settlements for the stranded planes.

Persons: BOE, Denis Balibouse, AerCap, lessors, Conor Humphries, Gleb Stolyarov, Kirstin Ridley, Jason Neely, David Evans, Peter Graff Organizations: Airbus, Russian, Aeroflot, REUTERS, DUBLIN, NSK, Rossiya, Boeing, U.S . Treasury, Commerce, AIG, SMBC Aviation, Reuters, Thomson Locations: Geneva, Switzerland, Russia, Ukraine, Ireland, Moscow, NSK, AerCap, EU

4 Florida State jumped into the top five after its resounding victory over LSU in Week 1's marquee game. 3 Alabama moved up a spot and Florida State climbed four places and received the remaining three first-place votes after beating LSU, 45-24. Duke capped the long Labor Day weekend of college football by knocking off Clemson 28-7 on Monday night in Durham, North Carolina. It was the Blue Devils' first victory against a team ranked in the top 10 since 1989 against a Clemson team ranked seventh. POLL POINTSHaving Florida State near the top of the AP poll is a familiar sight, just not as much recently.

Persons: Duke, Deion's Sanders, Sanders, Mike Elko, Jimbo Fisher, Mike Norvell's, Bobby Bowden, ___, Ralph D, Russo Organizations: Associated Press, Florida State, LSU, Georgia, Michigan, Seminoles, Ohio, Clemson, Duke, TCU, Buffaloes, Buffs, NFL, Penn State, Notre Dame, Devils, AP, Texas, Florida, FSU, Florida State's, Pac, SEC, ACC —, Athletic, Tulane Locations: Colorado, Alabama, Southern California, Penn State , Washington , Tennessee, Durham , North Carolina, Florida, Texas, Tuscaloosa , Alabama, Mississippi

☆ Stocks making the biggest moves midday: Nordstrom, Hasbro, Hawaiian Electric, Affirm and more
▼ + stars: | 2023-08-25 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Check out the companies making the biggest moves midday:Nordstrom — The department store retailer sank 8.6% even after topping fiscal second-quarter earnings and revenue expectations. Earnings came in 40 cents ahead of the 44 cents expected by analysts polled by Refinitiv. Revenue was $1.79 billion, versus the $1.77 billion expected. Gap's revenue was $3.55 billion, below the $3.57 billion expected. Earnings per share came in at 33 cents for its second quarter, versus the 32 cents expected, according to Refinitiv.

Persons: Nordstrom, Ulta, Morgan Stanley, Yun Li, Hakyung Kim, Alex Harring, Samantha Subin, Michael Bloom Organizations: Refinitiv, Hawaiian, National Weather Service, NBC, Hasbro, Bank of America, Revenue, Intuit —, Refinitiv . Revenue, Marvell Technology, Marvell, Analysts, AMC Locations: Maui, Refinitiv

☆ Gap eyes weak third quarter sales as consumer spending weakens
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +1 min

Aug 24 (Reuters) - Gap Inc (GPS.N) forecast third-quarter sales below expectations and missed Wall Street estimates for quarterly sales on Thursday, hit by softness in demand as budget-strained American customers cut back their spending on accessories and apparel. The owner of Banana Republic and Athleta brands expects third-quarter net sales to decrease in the low double-digit percentage range, compared with analysts' expectations of a 6.76% decline, according to Refinitiv data. The company's net sales fell to $3.55 billion in the second quarter from $3.86 billion a year earlier. Analysts on average had estimated sales of $3.57 billion, according to Refinitiv data. Reporting by Ananya Mariam Rajesh in Bengaluru and Kate Masters in New York; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

Persons: Ananya Mariam Rajesh, Kate Masters, Krishna Chandra Organizations: Banana Republic, Thomson Locations: Bengaluru, New York

☆ Gap reports another period of declining sales across all brands, warns of 'uncertain consumer'
▼ + stars: | 2023-08-24 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +7 min

In this article GPS Follow your favorite stocks CREATE FREE ACCOUNTPedestrians walk past Old Navy and GAP stores in Times Square, New York City. The company is projecting net sales to decrease in the low double-digit range for the fiscal third quarter compared to last year's net sales of $4.04 billion. Sales declined 6% at Old Navy, on top of a sharp 13.6% decline in the prior-year period. Gap is betting Dickson can breathe new life into Gap's brands: its namesake banner, Old Navy, Banana Republic and Athleta. "We know that regardless of market conditions, strong brands, brands that matter, win," said O'Connell.

Persons: Drew Angerer, Katrina O'Connell, Neil Saunders, StreetAccount, Richard Dickson's, Mattel's Barbie, Dickson, Here's, Chris Blakeslee, Alo Yoga, O'Connell Organizations: Navy, GAP, Refinitiv, Old Navy, Mattel, Banana, Republic Locations: Times Square , New York City, Banana Republic, women's, men's, Gap China, North America

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