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Abercrombie and Fitch is in the midst of a major comeback, but the retailer is still being haunted by the alleged sins of former chief executive Mike Jeffries. The company was sued Friday for turning a blind eye to Jeffries' alleged misconduct, court records show. He's accused of running a sprawling sex trafficking ring that exploited young men hoping to become models for the brand. It comes just weeks after the BBC published an investigation into Jeffries and Abercrombie that made similar accusations. Following the event, Bradberry was flown to Nice, France, where he was again forced to perform sex acts on Jeffries, the suit states.
Persons: Abercrombie, Fitch, Mike Jeffries, Jeffries, He's, who's, Brian Bieber, didn't, Mr, Bieber, David Bradberry, Bradberry, Michael Jeffries, lightheaded, Andrews, Leslie Wexner, Fran Horowitz, Wall Organizations: BBC, CNBC, Hamptons, Alcott Locations: Manhattan, Nice, France
Opinion | A Plan to Defeat Hamas and Avoid a Bloodbath
  + stars: | 2023-10-27 | by ( Bret Stephens | ) www.nytimes.com   time to read: +6 min
Hamas’s master plan, as Bennett sees it, is roughly as follows: Provoke, via its gruesome massacres on Oct. 7, a massive Israeli ground invasion. Already, nearly 800,000 Gazans have fled from north to south, despite efforts by Hamas to keep them in place. “They’re asking for fuel not for their citizens but for their tunnels,” which are used exclusively by Hamas fighters and their allies. “I don’t want to get into a Viet Cong-type war of tunnels,” Bennett says. But the question isn’t whether Bennett’s plan is perfect or if there are gaps to fill.
Persons: Bennett, Khan Younis, They’re, ” Bennett, , , Yasir Arafat, Biden, There’s, David Petraeus Organizations: Force, Israel, Hamas, West Bank, ISIS, Palestinian Locations: Jerusalem, Gaza, Gaza City, Israel, Viet, Iraq, Syria, Algeria, Qatar, Beirut, Lebanon, Tunisia, Kosovo
NEW YORK (AP) — A former model for Abercrombie & Fitch on Friday sued the fashion retailer, alleging it allowed its former CEO Mike Jeffries to run a sex-trafficking organization during his 22-year tenure. Jeffries, who left Abercrombie in 2014, converted the chain from an struggling retailer of hunting apparel to a seller of must-have teen clothing. The lawsuit comes after a BBC report earlier this month raised similar allegations against Jeffries and his partner Matthew Smith. Political Cartoons View All 1223 ImagesThe lawsuit names Jeffries, Smith, and the Jeffries Family Office LLC. It seeks class-action status and estimates that over a hundred young models, in addition to Bradberry, were victims.
Persons: , Fitch, Mike Jeffries, Jeffries, Abercrombie, Matthew Smith, David Bradberry, “ Jeffries, Smith, , ” Jeffries, Brian Bieber, , Bieber, Anne Organizations: Abercrombie, BBC, Southern, of Locations: U.S, of New York, New York, New Albany , Ohio
Here’s a (non-exhaustive) account of how Musk has fundamentally changed Twitter since he made one of the most consequential acquisitions of the social media age. Many of Musk’s content and product decisions have also led to what civil society groups have reported as a troubling spread of hateful speech on the platform. He recommended that X users monitor the Israel-Hamas conflict by following an account known for spreading disinformation, before later deleting his post. And, in an attempt to prove that former Twitter executives deliberately discriminated against conservatives on the platform, Musk provided a handpicked group of journalists with selective access to company records. It is perhaps Musk’s all-consuming presence that has most undermined what users used to love about Twitter.
Persons: New York CNN — It’s, Elon Musk, Linda Yaccarino —, Yaccarino, ” Yaccarino, , it’s, Here’s, Musk, he’s, Donald Trump, LeBron James, James, , X, General Mills, ” Weeks, “ Elon, what’s, , Paul Pelosi, Dilbert, Scott Adams, George Soros, Joe Biden’s, Ron DeSantis ’, Robert F, Kennedy, Jr, Tucker Carlson, Vivek Ramaswamy, Benjamin Netanyahu, Hunter Biden Organizations: New, New York CNN, Elon, Twitter, US Federal Trade Commission, Securities, Exchange Commission, EU, Premium, Nintendo, NPR, PBS, Volkswagen, , Center, Defamation League, Wall Street, Florida Republican Gov, Fox, New York, Trump Locations: New York, Israel, United States, breakeven, New
The Consequences of Elon Musk’s Ownership of XNow rebranded as X, the site has experienced a surge in racist, antisemitic and other hateful speech. Research conducted in part by the Institute for Strategic Dialogue concluded that anti-Semitic tweets in English more than doubled after Mr. Musk’s takeover. Keeping X at the center of public debate is exactly Mr. Musk’s goal, which he describes at times with a messianic zeal. Even worse, the article argued, Mr. Musk’s changes appear to be boosting the engagements of the most contentious users. A month into Mr. Musk’s ownership, the platform stopped enforcing its policy against Covid-19 misinformation.
Persons: Elon Musk, , , Musk’s, , Musk, Tim Chambers, ” Mr, Chambers, Tesla, lockdowns, Thierry Breton, Mr Organizations: Elon, Twitter, “ Twitter, Hamas, Dewey, Group, Defamation, Research, Institute for Strategic, Commission, Kremlin, Pentagon, Tufts, Rutgers, Montclair, 4chan, Harvard Kennedy School, Covid, Media, Mr, Commission's Digital Services, Services, Defamation League, European Union Locations: Musk’s, Russia, China, Israel, Ukraine, Iran, guardrails
Analysis: Yen comeback may be a longer waiting game
  + stars: | 2023-10-27 | by ( Tom Westbrook | ) www.reuters.com   time to read: +5 min
One result is an uneasy calm in spot and options markets for dollar/yen as traders give up waiting for the yen to bounce. Driven weaker by the widening gap between U.S. and Japanese interest rates, the yen has lost 13% on the dollar this year and at 150 is near the three-decade low of 151.94 that prompted government intervention a year ago. Market participants say what's changed is the expectation that Japan would be in the driver's seat for the yen this year. Yet together with the risk of intervention, it only seems to have stopped the yen from falling, rather than driving the sort of rally investors had been girding for at the outset of 2023. To be sure, Sachdev said interest in 'carry trades' - borrowing yen to sell for higher-interest paying currencies is waning, while investors have been keen for long exposure to yen assets.
Persons: Kim Kyung, Patrick Law, Masafumi Yamamoto, Yen, Shafali Sachdev, Sachdev, Tom Westbrook, Jacqueline Wong Organizations: National Printing Bureau, Bank of Japan, REUTERS, Rights, Federal, Pacific FX, Bank of America, Bank of International Settlements, Bank of, Mizuho Securities, U.S ., Swiss, Reuters, BNP, Wealth Management, Citi, Thomson Locations: Tokyo, Japan, Rights SINGAPORE, Asia, Pacific, Hong Kong, U.S
Jailing Ms. Roy would be not unlike America imprisoning a writer of the moral stature of Toni Morrison or James Baldwin. The charges against her represent a pivotal moment for India; If Ms. Roy is incarcerated, she will become the country’s highest-profile prisoner of conscience. Under Mr. Modi, the number of cases filed has jumped to 288 as of September 2022. But the real reason she is being targeted now — 13 years later — is surely because of her courageous criticism of the intolerance and violence unleashed under Mr. Modi. People like her are among India’s greatest assets because they stand for truth and decency, but they are being cast as enemies of the state.
Persons: Arundhati Roy, Ms, Roy, Modi’s, Toni Morrison, James Baldwin, Modi Organizations: People’s Union, Civil Liberties Locations: India, restive, Kashmir
Jay Hidalgo is a business and leadership coach who uses the Enneagram in his corporate practice. AdvertisementAdvertisementThis as-told-to essay is based on a conversation with Jay Hidalgo, a business and leadership coach who leads Enneagram trainings and workshops with corporate clients. If you know their Enneagram type, think about the core motivation of that type and have that frame how you're going to approach that conversation." The Enneagram requires each of us to look inside to deal with things like core motivations, childhood messages, things we want to hear, and core longings. And the Enneagram is a great, great tool to do that.
Persons: Jay Hidalgo, Hidalgo, , Beth McCord, It's, we've, he's, I'm Organizations: Service Locations: New Jersey
Stock Chart Icon Stock chart icon Rivian's year-to-date stock performance. Stock Chart Icon Stock chart icon Schlumberger's year-to-date stock performance. Stock Chart Icon Stock chart icon Public Storage's year-to-date stock performance. Stock Chart Icon Stock chart icon Hawaiian Electric Industries' year-to-date stock performance. Stock Chart Icon Stock chart icon Trade Desk's year-to-date stock performance.
Persons: Jeff Green Organizations: Schlumberger, Systems, Hawaiian Electric Industries
WSJ breaks down four separate indictments that former President Donald Trump is facing—and what they mean for his 2024 campaign. Photo Illustration: Annie ZhaoWASHINGTON—Donald Trump’s lawyers stepped up their challenges to federal charges that the former president conspired to overturn his 2020 election loss, arguing in court filings that the indictment violates his free-speech rights and targets him because he is President Biden’s chief rival for the White House in 2024. The long-shot legal motions represent Trump’s latest effort to have dismissed his federal election-interference prosecution and add to a mounting pile of requests under consideration by U.S. District Judge Tanya Chutkan , who has indicated she has a low tolerance for politics in her courtroom.
Persons: Donald Trump, Annie Zhao WASHINGTON — Donald Trump’s, Biden’s, Tanya Chutkan Organizations: White House, U.S
CNN —The US has intelligence that Iranian-backed militia groups are planning to ramp up attacks against US forces in the Middle East, as Iran seeks to capitalize on the backlash in the region to US support for Israel, according to multiple US officials. The militia groups have already launched multiple drone attacks on US forces in Iraq and Syria. But the US now has specific intelligence that those same groups could escalate even further as the war between Israel and Hamas continues. Officials said that at this point, Iran appears to be encouraging the groups rather than explicitly directing them. In the case of the recent drone attacks on bases housing US forces, “Iran is certainly more culpable than in the case of the Hamas attack in Israel,” said another person familiar with the intelligence.
Persons: John Kirby, , Kirby, , Matthew Miller, they’re, ” “ It’s, Defense Lloyd Austin, Naledi, Hossein Amir, Abdollahian, ” Abdollahian, ” Austin Organizations: CNN, Israel, Officials, National Security, Iranian Revolutionary Guard Corps, Quds Force, State, State Department, ISIS, Defense, Pentagon, US Navy, Iran’s Locations: Iran, Iraq, Syria, Israel, Tehran, Qatar, Iranian, Yemen, East
Shadi Tabatibi/Reuters Relatives mourn for a family killed in an Israeli airstrike in Gaza City on October 21. Alexi J. Rosenfeld/Getty Images Europe/Getty Images Palestinians inspect a destroyed area following an Israeli airstrike in Gaza on October 21. Ronen Zvulun/Reuters A woman mourns over a dead man at the Al-Aqsa Martyrs Hospital in Gaza City on October 18. Fatima Shbair/AP People react at the site of an Israeli airstrike in Al-Shati refugee camp in Gaza City on Saturday, October 14. Ramez Mahmoud/AP A plume of smoke rises in the sky over Gaza City during an Israeli airstrike on October 9.
Persons: Joe Biden’s, Zhai Jun, Beijing’s, Zhai, , Sanam Vakil, ” Jonathan Fulton, Said Khatub, Leon Neal, Hatem Moussa, Nir Oz, Wolfgang Schwan, Yousef Masoud, Alexi J . Rosenfeld, Shadi Tabatibi, Ali Jadallah, Belal al Sabbagh, Mohammed Saber, Khan, Rizek Abdeljawad, Ahmad Gharabli, Janis Laizans, Abed Khaled, Mohammed Dahman, Yoav Gallant, Gallant, Yasser Qudih, Ofir Libstein, Aza, Ronen Zvulun, Belal Khaled, Abed Rahim Khatib, Hod, Ayal Margolin, Antony Blinken, Joe Biden, Benjamin Netanyahu, Brendan Smialowski, Biden, Netanyahu, Kenny Holston, Ariel Schalit, Mohammed Abed, Kfar Aza, Ilia Yefimovich, Mustafa Hassona, Mahmoud Khaled, Samar Abu, Fatima Shbair, Dor Reder, Violeta Santos Moura, Shir Torem, Wahaj Bani Moufleh, Antonio Macías, Macías, Francisco Seco, Eli Albag, Liri, Mohammed Talatene, Sergey Ponomarev, Hatem Ali, Dor Kedmi, Mahmud Hams, Saher, Abraham Cohen, Valentin Ghnassia, Ghnassia, Yuri Cortez, Ibrahim Hams, Bashar Taleb, Baz Ratner, Jack Guez, Yahya Hassouna, Mapal Adam, Abed Zagout, Tamir Kalifa, Agha, Ibraheem Abu Mustafa, Reuters Itzik, Miriam Shafir, Dor Shafir, Savion Kiper, Maya Alleruzzo, Mohammed Salem, CNN Sergey Ponomarev, Eden Guez, Atef Safadi, Ohad, Mohammed Soboh, Said, Noam Elimeleh Rothenberg, Amir Cohen, Ilai Bar Sade, Erik Marmor, Oren Ziv, Majdi, Ramez Mahmoud, Roi Levy, Alleruzzo, Tali Touito, Jalaa Marey, Oded, Khan Younis, Ahmad Hasballah, Mohammed Fayq Abu Mostafa, Tsafrir, Ilan Rosenberg, Eyad Baba, Itai Ron, Hadas Parush, Xi Jinping, ” Vladimir Putin, Putin, ” Zhai, Mikhail Bogdanov, Putin’s, Israel –, Israel, , Li Mingjiang, Li, China’s, Mao Zedong, Fulton, Zhao Tong, Vakil, China doesn’t Organizations: Hong Kong CNN, United, Palestine, Chatham House, Atlantic Council, Getty, Pictures, Tel Aviv University, AP, New York Times, Reuters, Reuters Civil, AP Rockets, AP Israel's, Regional, Al, Aqsa Martyrs Hospital, Israel's, Ahli Baptist Hospital, Israel Defense Forces, Israeli, Ben Gurion International, Shifa, Palestinian, West Bank, Aris Messinis, Haim, Mount, Mount Herzl Military, Nova, Anadolu Agency, CNN, Nova Festival, Ben Gurion, Rockets, United Nations, Reuters Police, Reuters Rockets, Biden, US, UN, Singapore’s Nanyang Technological University ., Israel, Carnegie Endowment, International Locations: China, Hong Kong, United States, Israel, Beijing, Palestinian, Qatar, Egypt, Gaza, peacemaking, East, North Africa, Abu Dhabi, Rafah, AFP, Tel Aviv, Deir al, Anadolu, Khan Younis, Europe, Zahra City, Gaza City, Xinhua, East Jerusalem, Ras, Israel's, Yehuda, Aqsa, Hod HaSharon, Kiryat Shmona, Al, Ahli, Sderot, Gan, Kfar, North Sinai, Samar, Samar Abu Elouf, Beit Kama, Haifa, Cyprus, Nablus, West, Lebanon, Kfar Saba, Israeli, Be'eri, Rehovot, Mount Herzl, Jerusalem, Kibbutz Be'eri, Modiin Maccabim, Kfar Aza, Ashkelon, Mount Herzel, Yassin, Beitar Ilit, Ramat Gan, Itai, Beit Hanun, Rishon Lezion, Ukraine, Russia, Chatham, Iran, Africa, Moscow, Washington, Xinjiang, Leningrad, Communist China, United Nations, Palestine, Beijing –, Saudi Arabia, Lebanese, Tehran
An NYU student filmed taking down posters of hostages was an intern for the Anti-Defamation League. AdvertisementAdvertisementAn NYU student who was caught on video tearing down posters of Israeli hostages previously interned with the Anti-Defamation League, a Jewish NGO that combats antisemitism and extremism, the organization confirmed. The woman, a junior at NYU, took accountability for the incident but attributed her actions to "misplaced anger," The New York Post reported. The student took to her Instagram account to apologize, where she detailed the challenges she faced as a biracial woman and claimed that that contributed to her frustration and anger. A spokesperson for the law school told Insider: "The Law School cannot comment on a confidential personnel matter."
Persons: , Beth J Organizations: NYU, Defamation League, Tisch Hall, Service, New York Post, NYU's Tisch Hall, ADL, Muslim Youth Leadership, for Youth, College Hall, University of Pennsylvania, AP, Carey Law School, University of California Locations: Israel, Gaza, University of California Santa Cruz
Around 76 locations were raided across 12 Indian states in a crackdown on tech support scam calls. AdvertisementAdvertisementIndia has been cracking down on tech support scammers in an effort to "combat and dismantle" finance-related cyber crime, officials announced on Thursday. Officials raided around 76 suspected illegal call center locations across India, in several different states, according to a press release from India's Central Bureau of Investigations. The scammers often pretend to work for reputable companies like Microsoft and Amazon, according to a press release from Amazon. —Central Bureau of Investigation (India) (@CBIHeadquarters) October 19, 2023Law enforcement seized 32 phones, 48 laptops and hard discs, and 33 SIM cards and froze several bank accounts amid the raid of the 76 locations, according to CBI.
Persons: , Doug Thomas, they're Organizations: Bureau of Investigations, Amazon, Microsoft, Service, Officials, India's Central Bureau of Investigations, CBI, Bureau of Investigation, FBI Locations: India, Canada, Australia, Germany, Spain, Bihar, Dehli, Haryana, Himachal Pradesh, Karnataka, Kerala, Madhya Pradesh, Punjab, Tamil Nadu, Uttar Pradesh, West Bengal
Opinion | Turmoil Over Student Support for Hamas
  + stars: | 2023-10-20 | by ( ) www.nytimes.com   time to read: +4 min
To the Editor:Re “Student Letter Hits Fault Line in Free Speech” (front page, Oct. 19):The unequivocal support for Hamas by some students at elite colleges is irksome and puzzling. These bright young students claim to value tolerance and inclusion while objecting to capital punishment. Carla S. SchickOakland, Calif.To the Editor:It strikes me that the students at Harvard who complain about being “doxxed” misunderstand the concept of free speech. Free speech means that you are free to say whatever is on your mind “free” of government restrictions. If you say mean things, they likely will think you mean.
Persons: don’t, Adam M, Shaw Baltimore, I’ve, , Bill Ackman, Jonah S, Berger, Carla S, Schick, Sanford H, Margolin, Sidney Powell Organizations: Harvard, Stanford, Berger Pittsburgh Locations: Columbia, Gaza, Israel, Palestine, U.S, Schick Oakland, Calif
Civil rights lawyers say Israeli authorities are interpreting any expressions of solidarity with Palestinians in Gaza as incitement. Police said Abu Amneh, who has over 300,000 followers on Instagram, was promoting hate speech and incitement, something she denies. CLOSE SCRUTINYArabs in Israel - Palestinian by heritage and Israeli by citizenship - make up some 20% of the population. Israeli authorities are interpreting any sympathy for the people of Gaza as support for terror, she said. At least 100 Arab citizens have been detained, most on allegations of incitement and support for terror over social media posts, said the Haifa-based centre for Arab minority rights Adalah, citing data from the State Attorney's office.
Persons: Dalal Abu Amneh, Abu Amneh, Kobi Shabtai, ahlan, Shabtai, Israel, Abeer Baker, We're, Baker, Hassan Jabareen, Eli Levy, Levy, Adalah's, Crispian Balmer, Gareth Jones Organizations: Police, State, Nazi, Palestinian, Thomson Locations: Israel, Gaza, Haifa
Opinion | The Deep Roots of Republican Dysfunction
  + stars: | 2023-10-20 | by ( Jamelle Bouie | ) www.nytimes.com   time to read: +3 min
This has at least two major implications for the internal workings of the Democratic Party. If you take the internal dynamics of the Democratic Party and invert them, you get something like those within the Republican Party. Outside a handful of environments, found in largely Democratic states like Maryland and Massachusetts, moderate Republican politicians are virtually extinct. But more than the number of conservatives is the character of the conservatism that dominates the Republican Party. The Republican Party exists almost entirely for the promotion of a distinct and doctrinaire ideology of hierarchy and anti-government retrenchment.
Persons: Republicans —, Organizations: Democratic Party, Democratic, Republican Party, Republican, Pew Research, Republicans, Gallup, Moderate Locations: Maryland, Massachusetts
“I know these conflicts can seem far away, and it’s natural to ask – why does this matter to America?” Biden said. Biden’s decision to combine aid requests for Israel and Ukraine will trigger a fierce political clash in Washington. Hell no.”Polls show that Americans do not necessarily buy Biden’s position that the threats to Ukraine and Israel are the same. Biden’s address, with the familiar backdrop of US and presidential flags in the Oval Office felt like a throwback to an earlier age — when presidents would interrupt primetime on the handful of TV channels at a moment of national crisis. Like President Harry S. Truman, Biden’s trips to the bully pulpit are marked more for simple truculence than linguistic eloquence.
Persons: Joe Biden’s, Biden, ” Biden, , beseeched, , Vladimir Putin, Donald Trump, Biden –, Trump, he’d, Putin, “ Joe Biden, Xi Jinping, Sergei Lavrov, Israel, MAGA, Kevin McCarthy, CNN’s Priscilla Alvarez, , Ohio Republican Sen, J.D, Vance, ” Vance, John F, Kennedy, Harry S, Truman Organizations: CNN, America, Trump Republicans, Hamas, Republican House, GOP, Ohio Republican, Trump, CBS Locations: America, Israel, Ukraine, Gaza, Russian, Russia, Washington, Afghanistan, Beijing, North Korea, Iran, Chicago, China, Ohio
The committee is investigating Shein over concerns that Uyghur forced labor is being used in its supply chain and has gone undetected because of the de minimis provision. The committee has not yet drawn conclusions about forced labor in Shein's supply chain. When asked about claims of forced labor in Shein's supply chain, Claure told CNBC he doesn't "believe those allegations are correct." However, forced labor can still show up in other parts of the supply chain, said Chloe Cranston, the head of thematic advocacy programmes at Anti-Slavery International. In 2022, 11% of audits turned up "zero tolerance violations," including child labor, forced labor and wage violations, and 28 suppliers were terminated as a result, according to the company.
Persons: Elham Ataeiazar, Shein, Donald Tang, Matt Kennedy, they're, they've, Mike Gallagher, Elise Stefanik, Steve Scalise, Chip Somodevilla, we're, Marcelo Claure, Claure, Ralph Lauren, Rupert Hodges, Oritain, Chloe Cranston, Cranston, It's, it's, Shang, Jin Wei, Wei, Austin Knudsen, Chris Xu, Jade Gao, Knudsen, Gary Gensler Organizations: Wall, Bear, Chinese Communist Party, U.S, Renaissance Capital, CNBC, Bloomberg, Nike, Adidas, Republican National Committee, Washington , D.C, D.C, Target, Costco, Visual China, Getty, Workers, Columbia University's, Communist, CCP, Microsoft, AFP, U.S . Securities, Exchange Locations: Bear Stearns, U.S, China, Beijing, Xinjiang, Washington ,, Washington, Singapore, Nanjing, United States, Chinese, Guangzhou, Brazil, Turkey, India, Mexico, Montana
In fact, 45% of Gen Z and millennial workers feel somewhat optimistic. And yet, Gen Z workers are the biggest cohort of non-savers, Bankrate also found. The average 401(k) balance among boomers is $220,900, according to the latest data from Fidelity Investments, the nation's largest provider of 401(k) plans. For Gen Z, the average balance is $8,100. They are also significantly more likely to have at least $100,000 in a retirement savings account, the report found.
Persons: Xers, Z, Bankrate, Gen Xers, Douglas Boneparth, anther, Boneparth Organizations: Fidelity Investments, Bone, Northwestern Mutual, CNBC, Council, Country Financial Locations: New York
Donors often give for specific purposes — facilities, faculty research, technology on campus, athletics, scholarships and financial aid for low-income students. The Wexner Foundation said it’s breaking off ties with Harvard University, alleging the school has been “tiptoeing” over Hamas’ attacks. Lawrence Summers, the former president of Harvard and US Treasury Secretary, has criticized the “morally unconscionable” student statement and Harvard leaders’ response. But he said that financial threats from donors were not the right solution to influencing universities’ positions on these issues. Organizers of the Palestine Writes festival denied that it embraced antisemitism, according to UPenn student newspaper The Daily Pennsylvanian.
Persons: , Lee Gardner, Adam Glanzman, Sara Harberson, ” Gardner, , Indiana University’s, ” Harvard, Harvard “, Leslie Wexner, Abigail, Charles Mostoller, Claudine Gay, Boycott, Lawrence Summers, ” Summers, Jon Huntsman, Marc Rowan, Billionare Ronald Lauder, Susan Abulhawa, ” UPenn, Liz Magill, ” Magill Organizations: New, New York CNN, Harvard University, University of Pennsylvania, Ivy League, Harvard, Higher Education, Philanthropy, Bloomberg, Getty, “ Ivy League, Indiana, Indiana University’s Lilly Family School, , , “ Revenue, Wexner Foundation, Palestinian, College Hall, Israel, Israel Fellows, Wexner, US, CNN, Wall, Daily, University Locations: New York, Israel, UPenn, United States, Philadelphia , Pennsylvania, U.S, , Palestine, Palestinian
DALLAS (AP) — American Airlines posted a $545 million loss for the third quarter as revenue was flat with last summer and costs rose, especially to cover a new contract with its pilots. American Airlines Group Inc., based in Fort Worth, said earnings excluding special items worked out to 38 cents per share. Labor costs at American jumped 17%, an increase of nearly $600 million, which was roughly offset by lower fuel prices than a year ago. There are already concerns over rising costs for airlines as fuel prices surge at the same time that travel has begun to slow. Fuel prices are still lower than they were last year, but the loss at American could add to anxiety over burdensome costs across the industry.
Persons: Robert Isom, “ We're, , Devon May, United Organizations: DALLAS, , Airlines, United Airlines, Delta Air Lines, American Airlines Group Inc, Delta, United, Labor Locations: United States, Fort Worth, United, Tel Aviv, Israel
By Dan PeleschukKYIV (Reuters) - Vira Levko, a judge in the Ukrainian capital Kyiv, typically handles dozens of administrative cases and several criminal hearings every day. Ukraine is desperately short of judges, and is kick-starting a long-delayed nationwide hiring spree to fill more than 2,000 vacancies and vet around as many sitting judges for potential malfeasance. Court cases have piled up across Ukraine as a result. The regional appeals court in northeastern Ukraine's Sumy has only four judges left out of a full staff of 35. Some 2,000 sitting judges also require integrity checks, part of the judicial house-cleaning launched, but never finished, after Maidan.
Persons: Dan Peleschuk, Vira Levko, Levko, Volodymyr Zelenskiy, Ruslan Sydorovych, it's, Sydorovych, Halyna Chyzhyk, shouldn't, Mykhailo Zhernakov, Oleksandr Tupytskyi, Zhernakov, I've, Anna Dabrowska, Mike Collett, White, Gareth Jones Organizations: Dan Peleschuk KYIV, Reuters, European Union, European Commission, Kyiv, EU, DEJURE Foundation, Constitutional, Kyiv International Institute of Sociology Locations: Ukrainian, Kyiv, Dniprovskyi, Ukraine, Russia, Ukraine's Sumy, Maidan, Halyna, Vienna
Ukraine is desperately short of judges, and is kick-starting a long-delayed nationwide hiring spree to fill more than 2,000 vacancies and vet around as many sitting judges for potential malfeasance. Court cases have piled up across Ukraine as a result. The regional appeals court in northeastern Ukraine's Sumy has only four judges left out of a full staff of 35. Some 2,000 sitting judges also require integrity checks, part of the judicial house-cleaning launched, but never finished, after Maidan. Oleksandr Tupytskyi, now living in Vienna according to Ukrainian media reports, has denied wrongdoing and said the cases against him are political.
Persons: Lady Justice, Thomas Peter Acquire, Vira Levko, Levko, Volodymyr Zelenskiy, Ruslan Sydorovych, it's, Sydorovych, Halyna Chyzhyk, shouldn't, Mykhailo Zhernakov, Oleksandr Tupytskyi, Zhernakov, I've, Dan Peleschuk, Anna Dabrowska, Mike Collett, White, Gareth Jones Organizations: REUTERS, Reuters, European Union, European Commission, Kyiv, EU, DEJURE Foundation, Constitutional, Kyiv International Institute of Sociology, Thomson Locations: Pecherskyi, Kyiv City, Kyiv, Ukraine, KYIV, Ukrainian, Dniprovskyi, Russia, Ukraine's Sumy, Maidan, Halyna, Vienna
Alaska Air cuts profit view as rising labor costs cast shadow
  + stars: | 2023-10-19 | by ( ) www.reuters.com   time to read: +1 min
File photo: An Alaska Airlines Boeing 737-900ER airplane prepares to land at Vancouver's international airport in Richmond, British Columbia, Canada, February 5, 2019. REUTERS/Ben Nelms/File photo Acquire Licensing RightsOct 19 (Reuters) - Alaska Air Group (ALK.N) cut its full-year profit outlook on Thursday on rising labor expenses, as airlines draw up costly contracts to retain employees. Alaska Air forecast full-year profit between $4.25 and $4.75 per share, lower than its prior expectation of $5.50 to $7.50. The airline also trimmed its annual revenue growth forecast to between 7% and 8%, from a range of 8% to 10% expected previously. Excluding items, Alaska Air reported quarterly profit of $1.83 per share, missing analysts' average estimate of $1.87, according to LSEG data.
Persons: Ben Nelms, Mehr Bedi, Pooja Desai Organizations: Alaska Airlines Boeing, REUTERS, Alaska Air Group, Major U.S, Washington State, Alaska Air, Thomson Locations: Richmond , British Columbia, Canada, airfare, Alaska, Bengaluru
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