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Jürgen Klopp will unexpectedly step down as Liverpool soccer team manager at the end of this season, the club said Friday. The charismatic German coach joined Liverpool in 2015 and led the storied club to a European Champions League title in 2019 and an English Premier League title in 2020. Klopp replaced Brendan Rodgers at the helm in October 2015, when Liverpool was languishing in 10th place in the Premier League. In the following year, Klopp led the club to a fourth-place finish in his first full season in charge. Liverpool is the most successful club in English soccer by number of awards, winning 68 trophies over its 132-year history.
Persons: Jurgen Klopp, Estadio Wanda Metropolitano, Jürgen Klopp, John Henry, Klopp, Brendan Rodgers Organizations: Liverpool, Champions, UEFA Champions, Tottenham Hotspur, Estadio Wanda, Liverpool soccer, European, League, English Premier League, Reds, FA, England's, FIFA Club, UEFA, Borussia Dortmund, Fenway Sports Group, League Baseball's Boston Red Sox, National Hockey League's Pittsburgh Penguins, NASCAR's RFK Racing, Premier League, Manchester City, City, Chelsea, Norwich City Locations: Madrid, Spain, German, Liverpool, American
STOCKHOLM (AP) — Swedish Prime Minister Ulf Kristersson has agreed to meet with his Hungarian counterpart Viktor Orbán, who invited Kristersson to Budapest to discuss Sweden’s accession into NATO, Swedish media reported Thursday. Orbán's invitation comes as Hungary and Turkey remain the only NATO members not to have ratified Sweden’s bid to join the defense alliance. Turkish legislators have endorsed Sweden’s NATO membership, lifting a major hurdle on the previously nonaligned country’s entry into the military alliance. Lawmakers ratified Sweden’s accession protocol 287 to 55, with ruling party members saying the country’s tougher stance on Kurdish militants was key to winning approval. Finland joined the alliance in April, becoming NATO’s 31st member, after Turkey’s parliament ratified the Nordic country’s bid.
Persons: Ulf Kristersson, Viktor Orbán, Kristersson, ” Kristersson, Recep Tayyip Erdogan, Vladimir Putin Organizations: STOCKHOLM, NATO, Lawmakers, Sweden’s, Nordic Locations: Swedish, Budapest, Hungary, Turkey, Brussels, Ankara, Ukraine, U.S . Turkey, Stockholm, Sweden, Finland
Facebook fired Kagan in 2006 after he leaked company information to the press at Coachella. "I didn't work too hard at Intel and I didn't spend a lot of money," Kagan says. Following his firing from Facebook, Kagan ran conferences for aspiring entrepreneurs (a hustle he had started while at Intel), taught English in South Korea and picked up consulting work for Silicon Valley tech firms. In addition to working on AppSumo, Kagan manages rental properties and creates content for his YouTube and social media channels. In addition to his AppSumo business and his book, Kagan operates a YouTube channel and manages five rental properties.
Persons: Noah Kagan, Kagan, Bill Gates, Kagan's, Facebook, Camila Ortega, He'd, Maria, didn't, hadn't, AppSumo, They'll, We've, everyone's, we've, Kagan didn't, wasn't, Rolexes, , he's Organizations: CNBC, Microsoft, Facebook, University of California, Intel, Mint, Apple, PC, PayPal, Rolex, Entertainment, Insurance, Spotify, YouTube, AppSumo, Mazda Locations: Silicon Valley, Redmond , Washington, Barcelona, Austin , Texas, Berkeley, Israel, South Korea, Philippines, Argentina, Austin, Pakistan, AppSumo
NEW YORK (AP) — British billionaire Joe Lewis, whose family trust owns the Tottenham Hotspur soccer club, pleaded guilty Wednesday to insider trading and conspiracy charges in New York. The 86-year-old businessman entered the plea in Manhattan federal court six months after he was charged in the case. U.S. Attorney Damian Williams said the plea deal includes the largest financial penalty for insider trading in a decade. Broad Bay Limited, which Lewis owns, will pay more than $50 million in financial penalties, the prosecutor said in a release. Federal sentencing guidelines call for a prison sentence of between 18 and 24 months, though Lewis can seek less than that.
Persons: Joe Lewis, Lewis, Damian Williams, , Joseph Lewis, Williams, Forbes, Lewis ’, Picasso, Matisse, Degas, Woods, Ernie Els, Justin Timberlake, Prosecutors, Jennifer Peltz Organizations: Tottenham Hotspur, Broad, U.S, Premier League, Lewis ’ Tavistock Group, Associated Locations: British, New York, Manhattan, United States, oceanside
Pitchfork, the Early Years
  + stars: | 2024-01-24 | by ( ) www.nytimes.com   time to read: +1 min
Last week, Condé Nast announced that Pitchfork, the taste-making music news and criticism website it had acquired in 2015 — which had entranced and sometimes infuriated fans for more than two decades — would be brought under the editorial umbrella of GQ. The announcement felt like a death knell for a certain kind of critical posture — progressive but not inaccessible, knowledgeable but also curious — that feels increasingly remote in the current media landscape. Some version of the site will continue, but online, the news was received with dismay and frustration. Guests:Ryan Schreiber, the founder of Pitchfork and its editor in chief for approximately two decadesChris Kaskie, Pitchfork’s first employee and first CEOConnect With Popcast. Become a part of the Popcast community: Join the show’s Facebook group and Discord channel.
Persons: Condé Nast, Ryan Schreiber, Chris Kaskie, Pitchfork’s, Jon Caramanica Organizations: Pitchfork, GQ, Facebook, Twitter Locations:
In “Expats,” the actress Ji-young Yoo, a relative newcomer to Hollywood, shares the screen with Nicole Kidman, the Oscar- and Emmy-winning actress and producer. Yoo plays Mercy, a Columbia grad and would-be babysitter for the young son of Kidman’s Margaret, a former landscape architect and a mother of three living, none too happily, in Hong Kong. When Mercy loses her charge in a moment of distraction (yes, she was texting), it sends Margaret into — well, just imagine how Nicole Kidman might react if, say, you were texting and you lost her child. “When I watch the scenes with me and Nicole, it still feels like I was Photoshopped in,” she said in an interview last month. Premiering on Friday, the Amazon series tells the story of three women, all of them expatriates, living in Hong Kong amid the 2014 Umbrella Movement protests.
Persons: “ Expats, Ji, Yoo, Nicole Kidman, Mercy, Kidman’s Margaret, Margaret, , , Nicole, Kidman, Lulu Wang’s Organizations: Hollywood, Columbia Locations: Hong Kong, , Moulin Rouge
Turkish legislators on Tuesday endorsed Sweden's membership in NATO, lifting a major hurdle on the previously nonaligned country's entry into the military alliance. The legislators ratified Sweden's accession protocol by 287 votes to 55, with four abstentions. Hungary then becomes the only NATO ally not to have ratified Sweden's accession. Turkey's main opposition party also supported Sweden's membership in the alliance but a center-right party and the country's pro-Kurdish party declared they would oppose it. U.S. President Joe Biden's administration never formally tied the sale of the F-16s to Turkey's ratification of Sweden's NATO membership.
Persons: Tayyip Erdogan, Ulf Kristersson, Jens Stoltenberg, Sweden's, Recep Tayyip Erdogan, Burak Akcapar, Erdogan, Koray Aydin, Joe Biden's, John Kirby, Viktor Orbán Organizations: Swedish, NATO, Official Gazette, Ankara, Kurdistan Workers ' Party, Good Party, U.S . Congress, Administration, Turkey, National Security, Nordic Locations: Vilnius, Hungary, Turkey, Ankara, Stockholm, Kurdistan, Sweden, Turkey's, Canada, Washington, NATO, Finland, Ukraine, Budapest
The U.S. on Monday hit Iraqi airline Fly Baghdad and its CEO with sanctions, alleging assistance to Iran's military wing, and imposed a fifth round of sanctions on the militant group Hamas for abuse of cryptocurrency since the Oct. 7 attack on Israel. In the new sanctions, the Treasury Department said Fly Baghdad and CEO Basheer Abdulkadhim Alwan al-Shabbani have provided assistance to Iran's military wing and its proxy groups in Iraq, Syria and Lebanon. "The United States will continue to disrupt Iran's illicit activities aimed at undermining the stability of the region." The sanctions block access to U.S. property and bank accounts and prevent the targeted people and companies from doing business with Americans. Hamas has said it planned for a potentially long fight and was "ready to do whatever is necessary for the dignity and freedom of our people."
Persons: Basheer Abdulkadhim Alwan, Brian E, Nelson, Fly, Asad Organizations: Ministry, Treasury Department, Foreign, Control, Hezbollah, Popular Mobilization Forces, State, U.S Locations: Baghdad, Israel, Gaza, Iraq, Syria, Lebanon, Iran, United States, U.S, Fly Baghdad, cryptocurrency, Jihad, Australia
You don't have to be a high school graduate — or an adult — to win over investors on ABC's "Shark Tank." "You're a great example for kids out there who want to be entrepreneurs," Mark Cuban added. "They're going to help us [with] prototypes, manufacturing, distribution ... They're going to get us in stores like Target, Walmart, Kroger and Costco." There's no way they're not going to buy you out."
Persons: Nathaniel Wellen, Wellen, Lori Greiner, Mark Cuban, Nathaniel —, Greiner, Barbara Corcoran, Kevin O'Leary, O'Leary, " O'Leary, Robert Herjavec, Herjavec, You've, Robert Organizations: Target, Walmart, Kroger, Costco, CNBC Locations: Los Angeles
WASHINGTON (AP) —The U.S. on Monday hit Iraqi airline Fly Baghdad and its CEO with sanctions, alleging assistance to Iran's military wing — and in addition, imposed a fifth round of sanctions on the militant group Hamas for abuse of cryptocurrency since the October 7 terrorist attack on Israel. In the new sanctions announced Monday, Treasury said Fly Baghdad and its CEO Basheer Abdulkadhim Alwan al-Shabbani have provided assistance to Iran's military wing and its proxy groups in Iraq, Syria and Lebanon. In addition on Monday, the U.S. sanctioned a network of Hamas-affiliated financial exchanges in Gaza— including financial facilitators that transferred funds through cryptocurrency from Iran to Hamas and Palestinian Islamic Jihad in Gaza. “Hamas has sought to leverage a variety of financial transfer mechanisms, including the exploitation of cryptocurrency, to channel funds to support the group’s terrorist activities,” Nelson said. “Treasury, in close coordination with our allies and partners, will continue to leverage our authorities to target Hamas, its financiers, and its international financial infrastructure.”___Associated Press reporter Sewell is located in Beirut, Lebanon.
Persons: Basheer Abdulkadhim Alwan, , Brian E, Nelson, Asad, ” Nelson, Sewell Organizations: WASHINGTON, Ministry, Treasury, Treasury's, Foreign, Control, Hezbollah, Popular Mobilization Forces, State, U.S, Hamas, “ Treasury, Associated Press Locations: Baghdad, Israel, Gaza, Iraq, Syria, Lebanon, Iran, United States, U.S, cryptocurrency, Jihad, Australia, Beirut
With lots of kids now getting their news from social media – where disinformation and content created by artificial intelligence run rampant – 18 states have some form of K-12 media literacy education on the books, according to Media Literacy Now. Of those, four – Delaware, Texas, New Jersey and, starting this year, California – mandate media literacy, with lesson standards now being crafted state by state. “But we haven’t really taught people how to use them ethically, efficiently and responsibly.”To do that, a media literacy lesson might include analyzing which emotions the wording of a mass media headline evoke. And California starting this year requires media literacy instruction to be integrated into K-12 mathematics, science and history-social science curriculums when they’re revised, according to the bill. It’s why Manganello has spent nearly two decades perfecting how she teaches media literacy.
Persons: Lisa Manganello, ” Manganello, , Olga Polites, seatbelts, , ” Polites, Manganello, Jeff Johnson’s, Harrison Pekosz, Harrison, Urja Kandale, they’re, It’s, “ Young, aren’t, “ We’ve, ” Urja, Michelle Ciulla Lipkin, “ We’re, “ ‘, Elisabeth Yucis, Johnson Organizations: Brunswick , New Jersey CNN, South Brunswick High School, Smart, “ Media, CNN, , Literacy, Media Literacy, Social, Pew Research, Stanford University, , Stanford, South Brunswick High, National Association for Media Literacy, Department, Professional, New Jersey Education Association Locations: Brunswick , New Jersey, Jersey, United States, Delaware, Texas , New Jersey, California, Olga Polites , New Jersey, TikTok, New Jersey, South Brunswick
Mimi Ikonn, the cofounder of wellness brand Intelligent Change and a social media influencer, told Business Insider that making lasting changes requires a holistic approach. But she warned against making too many goals and instead to narrow it down to three to five ultimate goals for the year. "The more people you tell about your goals and dreams, the more chances you're going to actually do it." Share your goals on social mediaSimilar to having an accountability buddy, sharing your resolutions on social media can actually put gentle pressure on you to achieve them. Ikonn said that one of her goals in 2024 was to do more public speaking and she decided to share this on social media.
Persons: , Mimi Ikonn, Ikonn, newyearmoodboard, it's, You've, we'll Organizations: Service, Business, Forbes Health
Welcome to Best of Late Night, a rundown of the previous night’s highlights that lets you sleep — and lets us get paid to watch comedy. Here are the 50 best movies on Netflix right now. Get Ahold of YourselfA judge threatened to remove Donald Trump from court on Wednesday after he could be heard muttering disparaging comments during E. Jean Carroll’s second defamation suit against the former president. “A judge actually had to tell a former president of the United States, ‘You can’t control yourself,’” Seth Meyers said on Thursday. “He can’t even control an umbrella.”
Persons: Donald Trump, Jean Carroll’s, , ’ ” Seth Meyers Organizations: Netflix Locations: United States
Biden said the U.S. would continue the strikes, even though so far they have not stopped the Houthis from continuing to harass commercial and military vessels. Saree said the attack took place in the Gulf of Aden, the waters just south of Yemen. The Pentagon was not immediately able to confirm the strikes but has cautioned that it anticipates the Houthis will continue their attacks. On Wednesday the U.S. military fired another wave of ship- and submarine-launch missile strikes against 14 Houthi-controlled sites. But the links to the ships targeted in the rebel assaults have grown more tenuous as the attacks continue.
Persons: Joe Biden, Biden, Houthi, Yahya Saree, Saree, John Kirby, “ I’m, , Sabrina Singh, ” Singh, Jon Gambrell, Jack Jeffrey, C, Sagar Organizations: WASHINGTON, , Iranian, , ” U.S . Central Command, Twitter, Navy, Pentagon, White, Marshall, Chem, Prosperity, U.S, Wednesday, U.S ., National Security, Hamas, Associated Press Locations: — U.S, Yemen, ” U.S, U.S, North Carolina, Houthi Brig, Gulf, Aden, Iran, Israel, Gaza, Palestinian, Jerusalem, London, Washington
Founded in 1930, Girona plays its football at the modest 14,000-capacity Estadi Montilivi on the outskirts of a city that has a population of just 100,000. Girona was previously promoted to La Liga in 2017, spending only two seasons in Spain’s top flight before being relegated. David Ramos/Getty Images“I tell you what, why not?” Hunter said when asked if Girona can win the league. He’s young, he’s intelligent, he’s ambitious, he’s driven. Fran Santiago/Getty ImagesRegardless, Girona has earned the right to dream and Hunter says upsetting the odds and winning La Liga “would mean everything” to the club and its fans.
Persons: Leicester City’s, Semra Hunter, David Ramos, ” Hunter, they’ve, Atlético Madrid, , Miguel Ángel Sánchez, Míchel, Fran Santiago, Ignasi, , “ It’s, Bagà, CNN Sport’s Patrick Snell, , that’s, Hunter, Pau Barrena, He’s, he’s, let’s, Yan Couto, Yangel Herrera, Aleix García, Eric García, Artem Dovbyk, Pep Guardiola, Ancelotti, Atlético, Barça, “ It’s David, Goliath Organizations: CNN —, Spanish, Real Madrid, La Liga –, Spain isn’t, La Liga, Premier League, Real, Girona, Getty, Barcelona, Real Sociedad, Champions League, , Rayo Vallecano, Rayo, CNN, Atlético, City Football Group, Manchester City, Atletico, Pau, City, SC Dnipro, La Locations: Catalan, Spain, Spain isn’t Barcelona, Girona, La, Madrid, Spain’s, Atlético, Real Madrid, ” Girona, Saudi Arabia, Huesca, Atlético Madrid, Pau, AFP, Ukrainian, Real
A local buyer taking over a struggling newspaper in the 21st century is normally cause for some celebration. “Have no fear of me,” Smith told the Sun newsroom on Tuesday, according to someone who was there and relayed the statement on condition of anonymity because it was a private meeting. Smith told the newspaper he had one partner: Armstrong Williams, a commentator who hosts a show on Sinclair’s affiliates. In 2018, Smith told New York magazine that he dislikes and fundamentally distrusts print media. Skene reported from Baltimore.
Persons: David D, Smith, , ” Smith, Donald Trump, Smith’s, Julian Sinclair Smith, Sinclair, Armstrong Williams, Brandon Scott, , Jim Shea, Kathy Szliga, Rupert Murdoch, Marty Kaiser, Alden Capital, Tim Franklin, Stewart Bainum Jr, , Medill’s Franklin, ” Franklin, Olivia Nuzzi, David Simon, television’s, ” Simon, Abell, ___ Bauder, Skene Organizations: Sinclair, Baltimore Sun Media, Alden Global Capital, The, Associated Press, Sun, Sinclair Broadcasting Inc, Chesapeake Television Corp, Fox, Democratic, Project Veritas, Republican, Capital News Service, University of Maryland, Tribune Publishing, Philadelphia Inquirer, Boston Globe, Seattle Times, Medill Local, Initiative, Northwestern University, Baltimore, New York Locations: Baltimore, Maryland, , New York
The 2023 U.S. economy, in a dozen charts
  + stars: | 2024-01-07 | by ( Gabriel Cortés | ) www.cnbc.com   time to read: +3 min
Spending remained high, markets posted big gains and the Federal Reserve's battle against inflation showed signs of cooling — without freezing. The U.S. labor market ended the year strong, creating more than 200,000 jobs in December, according to figures released Friday by the U.S. Bureau of Labor Statistics. Here are nine other charts that show how the economy rounded out 2023. Inflation, wages and spendingWhile inflation continues to be top of mind for U.S. consumers, the rate of inflation cooled significantly in 2023. Even assets such as crypto saw a rebound in 2023 after hitting a low in November of the previous year.
Persons: Ed Jones, Barbie, Oppenheimer, Taylor, Jerome Powell Organizations: AFP, Getty, U.S . Bureau of Labor Statistics, Transportation Security Administration, Dow Jones, Nasdaq, Reserve Locations: Square , New York, U.S
AdvertisementI don't miss red meat at allI used to eat a lot of red meat. That was one of the near-instantaneous benefits I noticed when I started following a Mediterranean diet. Fortunately, it's really easy to make budget-friendly swaps and still stick to a Mediterranean diet. There isn't just one Mediterranean dietI think one of the biggest misconceptions I had about the Mediterranean diet before I started following it was that it was pretty limited. Although a Mediterranean diet can be Greek, French, Spanish, and Italian, it's also Turkish, Lebanese, Israeli, and Moroccan.
Persons: , I've, Owen Franken, I'd, it's, Jennifer Barton It's, Jennifer Barton, veggies —, isn't, Yotam, Rachel Askinasi, they've, They're, I'm, It's Organizations: Service, Business Locations: It's, New York, Turkish, portobello
Paige Bennett for InsiderIt really doesn't get any easier than this. Paige Bennett for InsiderI did wish there was some kind of garnish to make the drink feel more like a cocktail. Paige Bennett for InsiderThe first few sips were mainly club soda, which is not entirely pleasant on its own. Paige Bennett for InsiderOne of my favorite cocktail ingredients is ginger beer. Paige Bennett for InsiderThis virgin margarita was really good and refreshing.
Persons: , Aaron McCargo Jr, Geoffrey Zakarian, Ree Drummond, McCargo, Paige Bennett, Geoffrey Zakarian's, Zakarian's, margarita, Ree, I'd, McCargo Jr, we've Organizations: Service, Business, Food
Israel killed Iranian general Seyed Razi Mousavi in Syria, where he coordinated Iran-backed forces. Iran's President Ebrahim Raisi vowed revenge on Israel. Iran-backed groups in Yemen, Lebanon, Syria, and Iraq have launched attacks on Israel and its allies in support of Hamas. Hossein Akbari, Iran's ambassador to Syria, condemned the killing, saying that Mousavi was in Syria as a "formal military advisor." Israel has carried out hundreds of strikes on targets inside government-controlled parts of war-torn Syria in recent years.
Persons: Israel, Seyed Razi Mousavi, Ebrahim Raisi, , Daniel Hagari, Mousavi, Bashar Assad's, Qassim Soleimani, Houthi, IRNA, Hossein Akbari, Akbari, IRNA didn't Organizations: Service, Iranian, Revolutionary Guard, Reuters, Quds Force, Hamas, Monday, Human Rights, Syrian Locations: Syria, Iran, Israel, Damascus, Iraq, Afghanistan, Pakistan, Yemen, Lebanon, Irbil, U.S, Britain, Lebanese, Russia
Most hawkers collect their ice cream and dry ice from wholesale distributors around the country. Lester Ledesma for Business InsiderLiang is one of Singapore's remaining traditional ice cream sellers and part of a bygone era. Buying one from one of Singapore's "ice cream uncles" is almost a right of passage. But Liang, Tan, and many other traditional ice cream sellers in the country find themselves working well into their golden years. In addition to the ice cream cart, the ice cream hawkers often also use big cooler boxes for additional storage.
Persons: hawking, , Liang, Lester Ledesma, Insider Liang, Kenneth Goh, Chip Guan Heng, Goh, Koh Poh Koon, That's, Koh, Tan Ah Hock, He's, " Tan, Tan, There's, Wang, she's, Chan Yong Leng, Chan, TikTok, Darren Tan, it's Organizations: Service, Business, Insider, Singapore Food Agency, SFA, Social Service Office Locations: Singapore, Orchard
For decades, Big Tech companies have avoided responsibility for anything posted on their platforms. Generative AI is about to end this prized legal protection. Meta, Google, Microsoft, Amazon and even Apple have spent the last year rushing to roll out generative AI tools and models to compete with OpenAI. Generative AI models and tools, however, are developed, owned and operated by Big Tech companies. Otherwise, by creating generative AI tools and providing the outputs, Chander sees few ways a tech company will be able to refute its role in generative AI content.
Persons: Meta, Bard, Mark Zuckerberg, what's, Aziz Huq, Anupam Chander, Chander, Huq, they've, Jason Schultz, It's, Schultz, " Shultz, Kali Hays Organizations: Big Tech, Google, Microsoft, Apple, Facebook, Business, Meta, University of Chicago's Law School, Georgetown Law, Institute, Rebooting Social Media, Harvard University, NYU Law, Technology Law, Policy Clinic, Twitter Locations: khays@insider.com, @hayskali
That's from the nonprofit parent's 990 filing with the Internal Revenue Service, a form that has to be filled out by organizations wishing to maintain their tax-exempt status. Thad Calabrese, a professor of public and nonprofit financial management at New York University, said OpenAI's current status is confusing, and is unlike anything he has seen in the nonprofit world. He said OpenAI could give up its nonprofit status, and he cited the Blue Cross Blue Shield Association, which in 1994 allowed associated nonprofit medical insurance plans to switch into for-profit entities. An OpenAI spokesperson didn't respond to a question about whether the organization is considering giving up its nonprofit status. Unlike OpenAI, Mozilla never raised money from venture and corporate investors, who expect returns on their investments.
Persons: Sam Altman, OpenAI's financials, OpenAI, That's, PlainSite, Altman, Helen Toner, Tasha McCauley, Ilya Sutskever, Thad Calabrese, Calabrese, didn't, Mark Surman, Surman, Altman's, hasn't, Bret Taylor Organizations: Internal Revenue Service, CNBC, New York University, Shield Association, Mozilla Foundation, Mozilla Corporation, Mozilla, Microsoft, Duke University Locations: California
One of the most anticipated yearly releases for baseball card collectors is the Topps Bowman Draft set, the first time MLB draftees are featured on a card. While the odds of a prospect making the majors are historically low, the chance for collectors to get the first card of a potential Hall of Famer makes it one of the most popular trading card sets under the Topps umbrella. But there was one MLB draftee who was a lock for the Hall of Fame, albeit in another sport: Tom Brady. Brady, well-known for his NFL career, was drafted in the 18th round of the 1995 MLB Draft by the Montreal Expos. When Mike Mahan, CEO of Fanatics Collectibles — the arm within Fanatics that oversees Topps and its cards and collectibles business — heard that Brady never had a baseball card, it fit perfectly into what the company is trying to do with trading cards.
Persons: Tom Brady, Brady, Mike Mahan, , Mahan, Dick Clark Organizations: Topps, Major League Baseball, of Famer, MLB, Hall of Fame, NFL, Montreal Expos, Dick Clark Productions
Why Honeywell's big acquisition could bolster its stock
  + stars: | 2023-12-08 | by ( Morgan Chittum | ) www.cnbc.com   time to read: +4 min
Honeywell International is putting cash to work with a big acquisition in the security space. The all-cash deal is Honeywell's largest acquisition in eight years, and one that should bolster its struggling building technologies division . By acquiring Carrier's Global Access Solutions unit — which manufactures products like electronic locks, video monitoring apps and fire alarms — Honeywell is setting itself up to benefit from growing demand for safety and access solutions. "You will never see a roll back in safety and security," Jim said during an interview with Honeywell CEO Vimal Kapur on Friday. A host of new data centers, drug manufacturing plants and semiconductor fabrication plants will require digital access solutions and robust security options.
Persons: Jim Cramer, Jim, Vimal Kapur, Kapur, Jim Friday, management's, Jefferies, Jim Cramer's, Michael Nagle Organizations: Honeywell, Carrier, Technologies, CNBC, Honeywell International Inc, New York Stock Exchange, Bloomberg, Getty Locations: U.S, New York
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