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LOUISVILLE, Ky. (AP) — Jawhar Jordan ran for a career-high 143 yards, scoring on 45- and 21-yard runs on consecutive second-half possessions, and No. Schrader's 54-yard field goal got Notre Dame to 17-13, but Jordan answered with another big run. Notre Dame turned the ball over on downs and Travelstead added his third field goal from 45 yards for the 17-point cushion. Notre Dame was outgained 330-298 with just 44 yards rushing after entering the game averaging 192 per contest. POLL IMPLICATIONSNotre Dame figures to drop several spots with a second loss in three games and its worst this season.
Persons: — Jawhar Jordan, Jeff Brohm, Cam, Spencer Schrader's, Brock Travelstead's, Jordan, Amari Huggins, Notre Dame, Travelstead, Jack Plummer, Louisville's, Quincy Riley's, Sam Hartman's, Hartman Organizations: Louisville, Notre Dame, Cardinals, Norte Dame, Atlantic Coast Conference, Notre, North Carolina State, Murray State, Quincy, Wake, Pittsburgh, AP Locations: LOUISVILLE, Ky, Louisville, UP, California, . Louisville
Gina Rinehart poses in Western Australia in this undated handout photo obtained January 23, 2018. Hancock Prospecting/Handout via REUTERS/File photo Acquire Licensing RightsOct 6 (Reuters) - Australian billionaire Gina Rinehart's company Hancock Prospecting has increased its stake in Liontown Resources (LTR.AX) to 16.7%, becoming the largest shareholder, Hancock Prospecting said on Friday. Australia's richest person has been adding to her Liontown holdings since early September, when Albemarle (ALB.N), the world's biggest lithium producer, was granted access to Liontown's books after revising a takeover proposal. Reporting by Brijesh Patel in Bengaluru; Editing by Edmund KlamannOur Standards: The Thomson Reuters Trust Principles.
Persons: Gina Rinehart, Hancock, Gina Rinehart's, Brijesh Patel, Edmund Klamann Organizations: REUTERS, Hancock, Resources, Thomson Locations: Western Australia, Albemarle, Bengaluru
Nestle shares at two-year low as investors weigh Wegovy rollout
  + stars: | 2023-10-06 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Hannah McKay/Photo Illustration/File Photo Acquire Licensing RightsOct 6 (Reuters) - Nestle (NESN.S) shares were under pressure on Friday as investors weighed the potential impact of Novo Nordisk's (NOVOb.CO) blockbuster weight-losing drug Wegovy and how it could reduce spending on food. The KitKat and Nescafe coffee maker's shares were down 2% and headed for their lowest level in more than two years. However, Cox does not regard this as a substantial risk to Nestle and the broader food industry in the long term. Bruno Monteyne from Bernstein also pointed to the Wegovy impact, but saw little logic in the sell-off. "Danone sells water, baby milk powder, and yogurt: not sure how those would be negatively impacted by GLP1 / Wegovy?"
Persons: Kat, Hannah McKay, Wegovy, Peers, Kepler Cheuvreux, Jon Cox, John Furner, Cox, Bruno Monteyne, Bernstein, Andrey Sychev, John Revill, Mark Potter Organizations: Nestle, REUTERS, Peers Danone, Unilever, Kepler, Bloomberg, Danone, Health, Thomson Locations: London, Britain, U.S
Walmart's logo is seen outside one of the stores ahead of the Thanksgiving holiday in Chicago, Illinois, U.S. November 27, 2019. REUTERS/Kamil Krzaczynski//File Photo Acquire Licensing RightsCompanies Wal Mart de Mexico SAB de CV FollowMEXICO CITY, Oct 6 (Reuters) - Walmart's Mexico unit said on Friday it will face an anti-trust panel for "alleged relative monopolistic practices" related to supply and wholesale distribution of consumer goods. Walmart de Mexico said in a statement that Mexico's antitrust regulator, Cofece, had informed the company of opening a "quasi-jurisdictional process" following a 3-year investigation. Walmex is among the biggest retailers in Mexico, with 2,890 locations in the country. Reporting by Valentine Hilaire and Daina Solomon; editing by Stephen Eisenhammer and Sandra MalerOur Standards: The Thomson Reuters Trust Principles.
Persons: Kamil Krzaczynski, Valentine Hilaire, Daina Solomon, Stephen Eisenhammer, Sandra Maler Organizations: REUTERS, Wal Mart de, SAB, Walmart, Thomson Locations: Chicago , Illinois, U.S, Mexico
Drivers for Walmart's Spark delivery service are waiting an hour or more in parking lots for orders. According to conversations with four Spark drivers, wait times have become an issue for the drivers as the service has grown. The same Walmart associates responsible for Spark orders also bring items out to customers waiting in parking lots. Spark drivers told Insider that the wait times at Walmart make it hard to know which orders are worth taking. In August, Walmart started asking Spark drivers to deliver orders in batches of up to three orders each.
Persons: , he's, Walmart's, Doug McMillon, Jeff Greenberg, I've, I'm, gabriellew13 Organizations: Service, Walmart, Getty, Costco Locations: Alabama, Nevada, Indiana
REUTERS/Amit Dave/File Photo Acquire Licensing RightsBENGALURU, Oct 6 (Reuters) - Billionaire Mukesh Ambani's Reliance Retail Ventures said on Friday it would raise 49.67 billion rupees ($598 million) from the Abu Dhabi Investment Authority, in the latest bet on India's largest retailer ahead of a potential stock market listing. "Reliance Retail has demonstrated strong growth and adaptability in a market that is evolving at an unprecedented pace," said Hamad Shahwan Aldhaheri, executive director of the private equities department at ADIA. The investment comes as Reliance set an internal target to raise $3.5 billion. ADIA and Singapore's GIC had invested $664 million each into the retail unit in 2020 as Reliance sold a 10.09% stake at a valuation of 4.68 trillion rupees. Morgan Stanley acted as financial adviser to Reliance Retail Ventures for the ADIA deal.
Persons: Amit Dave, Mukesh, Hamad Shahwan Aldhaheri, Singapore's GIC, Ambani, Morgan Stanley, Chris Thomas, Maju Samuel Organizations: Reliance Industries, REUTERS, Rights, Retail Ventures, Abu Dhabi Investment Authority, ADIA, Reliance, KKR, Qatar Investment Authority, Reuters, Saudi Arabia's Public Investment Fund, Reliance Retail Ventures, Thomson Locations: Ahmedabad, India, Abu Dhabi, ADIA, Singapore, Saudi Arabia, Bengaluru
Food companies fear soaring Ozempic sales could hurt their bottom lines. AdvertisementAdvertisementExecutives at America's biggest food companies can't stop talking about Ozempic . And early data suggests that Ozempic sales will have some impact on the food industry. AdvertisementAdvertisementFor example, if consumers begin to prefer smaller portions, food companies have time to adjust their package sizes, and restaurants have time to modify their menus. "This is not an existential threat to the food industry," he said.
Persons: , Doug McMillon, Arun Sundaram, Morgan Stanley, Walmart's John Furner, Steve Cahillane, Rice Krispies, Jefferies, Sundaram, David M, Gordon, Ozempic Organizations: Service, America's, Nordisk, North, Walmart, Bloomberg, Wall, Cheesecake
The rise of GLP-1 drugs is driving consumer-staple stocks lower as patients eat less food. Walmart's US CEO said he'd already seen patients using GLP-1 drugs buy less food at the retailer. AdvertisementAdvertisementConsumer-staple stocks have been slammed this week as investors try to size up the negative impact GLP-1 drugs such as Ozempic, Wegovy, and Mounjaro could have on food companies. And through its pharmacy unit, the company can use anonymized data to analyze the spending habits of its customers that are taking GLP-1 drugs. AdvertisementAdvertisementIn a Friday note, Bank of America estimated that GLP-1 drugs could quell addictive behaviors among consumers, which could lead to an overall decline in consumption of snacks and beverages.
Persons: he'd, , McDonald's, John Furner, Jeff Johnson, Baird, Morgan Stanley Organizations: PepsiCo, Coca, Cola, Walmart, Costco, Service, Bloomberg, Bank of America Locations: GLP
Amazon Prime members in the US will soon be able to get free grocery delivery orders from Amazon Fresh when they spend over $100 on the site, Insider has learned. In an email to Insider, Claire Peters, Amazon's worldwide VP of Amazon Fresh, said the change will go into effect Thursday afternoon. Amazon offers grocery delivery to Prime members in more than 3,500 cities and towns across the U.S. Non-Prime members in a dozen metro areas, including Austin, Boston, and San Diego, can also receive grocery deliveries. Amazon is considering a separate, standalone grocery subscription service for Prime members, as Insider previously reported . The internal document about the new Fresh fee structure reflects Amazon's willingness to keep investing in the Fresh grocery business.
Persons: Claire Peters, Peters, Amazon's, it's, Amazon, It's, Brian Olsavsky, Eugene Kim Organizations: Amazon, Foods, U.S . Locations: Austin, Boston, San Diego
Retailers hoped to save big on labor costs by introducing self-checkout lanes. Now retailers including Costco, Walmart, and Kroger are rethinking some self-checkout strategies. Costco, for example, has started asking staff to check membership cards in the self-checkout lanes, as well as assist with scanning items. This is not exactly the labor-minimizing tech retailers were promised. AdvertisementAdvertisementWalmart and Kroger use sophisticated video-monitoring and sensor tech to track merchandise through stores and self-checkout lanes.
Persons: , Dominick Reuter, Kroger, Matt Kelley, Kelley, Christopher Andrews Organizations: Service, Costco, Walmart, Kroger, Depot, LiveView Technologies, Drew University, CNN Locations: Albuquerque , New Mexico
Oct 5 (Reuters) - Private equity firm General Atlantic LLC is exploring a sale of EngageSmart Inc (ESMT.N), a payments software vendor that has a market value of $3.3 billion, according to people familiar with the matter. Spokespeople for General Atlantic and Goldman Sachs declined to comment. EngageSmart software simplifies customer activities for companies such as paying a bill and going paperless. General Atlantic acquired a majority stake in the company, previously known as Invoice Cloud, in 2018. Summit Partners, a private equity firm that was already an investor in EngageSmart, retains an approximately 15% stake.
Persons: EngageSmart, Spokespeople, Goldman Sachs, Evercore, Milana Vinn, David Gregorio, Chris Reese Organizations: Atlantic LLC, EngageSmart Inc, Goldman Sachs Group Inc, Evercore Inc, General Atlantic, Summit Partners, Thomson Locations: New York, The Braintree , Massachusetts, EngageSmart
Cramer's Lightning Round: Upstart is 'a little too risky'
  + stars: | 2023-10-04 | by ( Julie Coleman | ) www.cnbc.com   time to read: +1 min
Stock Chart Icon Stock chart icon Upstart's year-to-date stock performance. Upstart : "It's a little too risky for me, it's losing money. Stock Chart Icon Stock chart icon Altria's year-to-date stock performance. Stock Chart Icon Stock chart icon SoFi's year-to-date stock performance. Stock Chart Icon Stock chart icon Nextera's year-to-date stock performance.
Persons: it's, I've Locations: Noto
Hong Kong CNN —With its launch in 2010, Chinese toymaker Pop Mart set off a collectible craze with its anime-style figurines. Following in the footsteps of Disney and Studio Ghibli, Pop Mart has expanded into the theme park business, opening up its first in the Chinese capital of Beijing. The company said on Chinese social media platform Weibo that Pop Land - the 40,000-square-meter theme park that comes in four zones - opened on Tuesday, September 26 at Chaoyang Park. “I did think about whether Pop Mart will open a theme park. Pop Mart's character Pucky is featured in its recently opened theme park Pop Land in Beijing.
Persons: it’s, – Molly, Dimoo, Skullpanda, Mickey Mouse, Kitty, Harry Potter, Walt Disney, Molly, , Pucky, Mart Organizations: Hong Kong CNN —, Disney, Weibo, Domestic, Chimelong, Shenzhen Overseas, Town Enterprises, Pop, Hong Kong Stock Exchange Locations: Hong Kong, Beijing, Chaoyang, Shanghai, China, Chinese, Guangdong, Japan, Thailand, New Zealand, Australia, Macao
Check out the companies making headlines in midday trading. Sphere Entertainment — Shares of the media and entertainment company climbed 11.1% in midday trading after a U2 show debuted its Las Vegas Sphere venue Friday night. Bitcoin stocks — Stocks tied to digital currency trading advanced in lockstep with a rally in crypto prices. Instacart — Maplebear, the food delivery company doing business as Instacart, fell 9.2% in midday trading. The Wall Street bank said investors should buy the dip after the stock's underperformance in the first half of 2023.
Persons: — Stocks, MicroStrategy, , — Maplebear, Gordon Haskett, Insulet, Jefferies, Goldman Sachs, Goldman, Truist, Yun Li, Lisa Kailai Han, Pia Singh, Michelle Fox, Sarah Min, Scott Schnipper Organizations: Madison Square Garden, , Riot, Marathon, Discover Financial, U.S . Securities, Exchange, Federal Deposit Insurance Corporation, Coeur Mining, Hecla Mining, Harmony, Mining, Gold Resource, Barclays, Norfolk Southern, Bank of America, Nvidia —, Nvidia, Apple, JPMorgan, UBS Locations: Las Vegas, lockstep, Coeur, Wall
(Reuters) - Australian billionaire Gina Rinehart's Hancock Prospecting increased its stake in lithium miner Liontown Resources, the company said, moving it closer to being able to block a $4.3 billion bid by U.S.-based Albemarle for Liontown. Hancock said on Friday it raised its stake from 10.7% last month to 12.4%, paying no more than A$3.00 per additional share. Hancock would be able to block the Albemarle deal with a 15% position. Last month, Liontown accepted Albemarle's revised $4.3 billion bid, or A$3 a share. The offer is part of a surge of interest in Australian lithium assets amid the clean energy transition.
Persons: Gina Rinehart's Hancock, Hancock, Liontown, Rinehart, Echha Jain, Melanie Burton, Cynthia Osterman Organizations: Reuters, U.S, Patriot, Metals Locations: Resources, Albemarle, Liontown, Bengaluru
REUTERS/Kamil Krzaczynski/File Photo(Reuters) -Walmart on Saturday said that it will streamline job titles across its corporate staff, to ensure that it remains competitive. While some staff will receive a new job title, their roles, responsibilities, type of work and base pay will not change, the retailer said. Corporate employees at Walmart and Sam’s Club, its warehouse chain, will be reclassified into fewer groups of possible titles and in some cases, pay changes will go into effect, starting in November. About 4% of the staff will see a decrease in stock-option awards to ensure compensation is aligned across geographies, Walmart said. Staff who will see a reduction in stock options will receive a stock grant to account for the change.
Persons: Kamil Krzaczynski, , , Kim Lupo Organizations: REUTERS, Walmart, Corporate, Sam’s, Staff, Street Locations: Chicago , Illinois, U.S
REUTERS/Kamil Krzaczynski/File Photo(Reuters) -Walmart corporate staff are getting new titles and pay packages in the coming weeks to manage labor costs and simplify the structure of the company’s workforce, the Wall Street Journal reported on Saturday. Starting in November, many corporate workers at Walmart and Sam’s Club, its warehouse chain, will be reclassified into fewer groups of possible titles and pay. Base pay and total bonus benefits won’t fall for any workers. Around 4%, or 2,000, will receive an eventual reduction in stock-option awards as part of the change, the report added. Earlier this month, Walmart changed the hourly starting wage structure for entry-level store workers.
Persons: Kamil Krzaczynski, Kim Lupo Organizations: REUTERS, Walmart, Wall Street, Sam’s, Base Locations: Chicago , Illinois, U.S
Posts claiming to sell Walmart Spark driver accounts are popping up on social media. Some Spark drivers have been using multiple names to pick up or shop orders at Walmart. That can take weeks or months, since many parts of the US have waiting lists full of potential Spark drivers. The app also asked some drivers to verify themselves every few days or weeks, according to three drivers Insider spoke with. Walmart previously told Insider that "sharing accounts, using another person's account, activating multiple accounts, or entering false information" violates its terms for Spark drivers.
Persons: they're, , Alex Bitter Organizations: Walmart, Service, Facebook, Spark Locations: Illinois
REUTERS/Kamil Krzaczynski/File Photo Acquire Licensing RightsCompanies Walmart Inc FollowSept 30 (Reuters) - Walmart (WMT.N) corporate staff are getting new titles and pay packages in the coming weeks to manage labor costs and simplify the structure of the company's workforce, the Wall Street Journal reported on Saturday. Starting in November, many corporate workers at Walmart and Sam's Club, its warehouse chain, will be reclassified into fewer groups of possible titles and pay, the report added. Around 4%, or 2,000, will receive an eventual reduction in stock-option awards as part of the change, the report said. The change is "good compensation hygiene," and ensures Walmart is "appropriately rewarding similar levels of work," Lupo said. Earlier this month, Walmart changed the hourly starting wage structure for entry-level store workers.
Persons: Kamil Krzaczynski, Kim Lupo, Lupo, Gursimran Kaur, Andrea Ricci, Marguerita Choy Organizations: REUTERS, Walmart, Wall Street, Sam's, Base, Workers, Thomson Locations: Chicago , Illinois, U.S, Bengaluru
Instacart shares fall further below IPO price
  + stars: | 2023-09-27 | by ( Noel Randewich | ) www.reuters.com   time to read: +2 min
Shares of Instacart, formally called Maplebear, last traded at $28.71 compared to the $30 price set in its IPO on Sept. 18. SoftBank-backed chip designer Arm Holdings fell 2.5% to $52.19, just above the $51 price in its IPO two weeks ago. After closing with a gain of 12% in its first session, Instacart has steadily lost ground. Arm's shares have also mostly declined after surging in their Wall Street debut, touching intra-day lows below $51 in three of the past five sessions. The marketing automation firm's stock remains above its $30 IPO price, but well below its intraday high of $37 in its first day of trading.
Persons: Eric Cohn, Cheney Orr, Instacart, Noel Randewich, Emelia Sithole Organizations: Safeway, REUTERS, Vanda Research, Arm Holdings, Thomson Locations: Tucson , Arizona, U.S, Klaviyo
While there has been a huge gain, it is barely scratching the surface of the potential market. Some potential patients don't have coverage of the pricey medicines through their health insurance plans yet. (For example, those seeking to use GLP-1 drugs for obesity can't receive coverage if they are insured by Medicare as the federal health plan is not allowed to cover weight loss drugs.) Walmart told Bank of America that fiscal second-quarter sales benefited roughly 1% from GLP-1 drug sales volumes. Its stock has fallen 45% year to date on fears that these drugs will shrink the company's market potential.
Persons: John Rainey, Eli Lilly's Mounjaro, Eli Lilly, Morgan Stanley, Wells, Larry Biegelsen, Biegelsen, Daniel Lyons, Janus Henderson, Lyons, — CNBC's Michael Bloom Organizations: Wall Street, Nordisk's Wegovy, Bank of, Walmart, Health, Novo Nordisk, Medicare, Drug, Bank of America, Janus, Janus Henderson Investors, CNBC Locations: U.S, GLP
Unexplained deactivations are commonplace for some gig workers, according to accounts from drivers. The agent on the other end approved it, he told Insider, and assured him that it wouldn't negatively affect him. Sudden, unexplained deactivations have become commonplace for workers on gig delivery apps, according to accounts from these workers. Grubhub and DoorDash told Insider that employees determined the deactivations of drivers. Do you work for Instacart, DoorDash, Uber Eats, or another delivery service and have a story idea to share?
Persons: , Uber, would've, they'd, Steve, Jason Picon, Jason, Grubhub, Michael Loccisano, Instacart, Rikki Nudelman, I've, DoorDash, Nudelman, we're, New York City, Sergio Avedian, Guy, Avedian, Carsten Koall, Uber hadn't Organizations: Service, Grubhub, Santa Barbara, DoorDash, New York Daily News, Tribune, Getty, Walmart Locations: Oregon, Virginia, Texas, California, Central California, Los Angeles, Santa, New York, New York City Ribeiro, New, Seattle, deactivations, Berlin
Instacart founder's empty fridge was the "lightbulb moment" for coming up with the idea for the delivery startup, he said. Apoorva Mehta walked away with over $1.1 billion in net worth after the delivery startup's IPO on Wednesday. AdvertisementAdvertisementMehta walked away with a fortune of over $1.1 billion after his delivery startup's IPO on Tuesday. Before starting the company, Mehta quit his job at Amazon in 2010 and moved to San Francisco to become an entrepreneur. During the early stages of Instacart, Mehta also said he missed the application deadline for the startup accelerator YCombinator by over two months.
Persons: Apoorva Mehta, Instacart, Mehta, Fidji Simo, — Aswath, NYU's Stern School of Business —, Damodaran Organizations: Service, Meta, Bloomberg, SEC, NYU's Stern School of Business, Amazon, CNBC Locations: Wall, Silicon, San Francisco, Friday's
Usher to headline Super Bowl 2024 halftime show
  + stars: | 2023-09-24 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsSept 24 (Reuters) - Grammy-winning artist Usher will headline the halftime show at the 2024 Super Bowl in Las Vegas, Nevada, the National Football League (NFL), Apple Music and label Roc Nation announced on Sunday. The 58th Super Bowl is scheduled to take place at Las Vegas' Allegiant Stadium on Feb. 11, 2024. "It's an honor of a lifetime to finally check a Super Bowl performance off my bucket list," Usher said in the statement. Last year's Super Bowl Halftime Show, headlined by R&B star Rihanna, was the most-watched halftime performance of all time, organizers said. Iconic artists including the Rolling Stones, Beyonce, Stevie Wonder, Prince and Bruce Springsteen have taken the Super Bowl stage over the years.
Persons: Usher, Karl Lagerfeld, Andrew Kelly, Usher Raymond IV, Seth Dudowsky, Rihanna, Beyonce, Stevie Wonder, Prince, Bruce Springsteen, Maria Caspani, Bill Berkrot Organizations: Metropolitan Museum, Art's, REUTERS, National Football League, Apple Music, Roc Nation, Billboard, of, Thomson Locations: New York City , New York, U.S, Las Vegas , Nevada, Las Vegas
NEW YORK (AP) — DeWanna Bonner scored 20 points, Rebecca Allen added 18 and the Connecticut Sun played stellar defense to beat the New York Liberty 78-63 on Sunday in the first game of their best-of-five WNBA semifinals playoff series. Third-seeded Connecticut lost all four games between the teams in the regular season, including getting blown out twice in New York. New York led by three at halftime before Connecticut went on a 16-2 run to start the third quarter. She scored the first five points of the fourth to push it to 70-55 — the team's biggest lead of the game. Allen had 12 to lead Connecticut while Alyssa Thomas had six points, five rebounds and five assists.
Persons: — DeWanna Bonner, Rebecca Allen, Hiedeman, Allen —, Jones, , Bonner, Breanna, couldn't, Stewart, she's, Ionescu, Allen, Alyssa Thomas, Thomas, ___ Organizations: Connecticut Sun, New York Liberty, Connecticut, Sun, Liberty, New York, Minnesota, New Locations: New York, York, Washington, Connecticut
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