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☆ General Motors cuts 500 salaried employees
▼ + stars: | 2023-02-28 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

DETROIT – General Motors is cutting hundreds of salaried positions as it follows other major companies, including competitors, in downsizing headcounts to preserve cash and boost profits. The cuts affect about 500 positions, according to a person familiar with the plans, which were announced internally Tuesday. The letter characterized the cuts, which follow performance evaluations, would impact a "small number of global executives and classified employees following our most recent performance calibration." The 500 job cuts make up less than 1% of GM's salaried workforce. Others such as Rivian Automotive also made salaried cuts, while Stellantis said it would idle a plant in Illinois.

☆ Revlon reaches lender settlement, sends bankruptcy plan to vote
▼ + stars: | 2023-02-21 | by ( Dietrich Knauth | ) www.reuters.com time to read: +2 min

Jones said Revlon could now send its restructuring proposal to creditors for a vote, a key milestone in the company's bankruptcy case. Tuesday's deal does not change the terms of earlier settlements that Revlon reached with its senior lenders and junior creditors. The senior lenders will receive most of the company's equity, valued at $2.75 billion to $3.25 billion. Revlon is majority-owned by Ron Perelman's MacAndrew & Forbes, which held 85% of the company's shares at the time of its bankruptcy filing. The company's stock saw a surge in interest from retail investors last year, trading above $8 per share early in the company's bankruptcy.

☆ I tried to see the green comet and totally failed. I needed more planning and equipment than I expected.
▼ + stars: | 2023-02-07 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +9 min

I tried to see the famous green comet in the night skies, far from the city, last weekend. The moon outshined most of the stars, and I couldn't locate the faint comet, even with binoculars. I've heard (and written) a lot of hype about this comet, called C/2022 E3 (ZTF), or Comet ZTF for short. Morgan McFall-JohnsenIf I had spotted the green comet, there's no way I would've been able to capture it on my iPhone X. Who knows, maybe I looked right at the green comet and didn't recognize it because it was too faint.

☆ 'Stalin' said he disagreed with Putin's invasion of Ukraine. We 'spoke' to dead historical figures using a new AI chatbot that experts are sounding the alarm over.
▼ + stars: | 2023-01-22 | by ( Bethany Dawson | Mia Jankowicz | ) www.businessinsider.com time to read: +9 min

Insider "spoke" to bots acting as Princess Diana, Heinrich Himmler, Joseph Stalin, and Fred Trump. AI 'Fred Trump,' Donald Trump's father, isn't impressed with his son's politics. But AI Fred Trump "said" that he's "very proud" of his son, describing him as a "successful businessperson" and an "amazing father." An AI chatbot acting as Fred Trump, Donald Trump's father. AI Stalin called for the two countries to "find a peaceful solution."

How LGFCU accounts compare Local Government Federal Credit Union Share SavingsLocal Government Federal Credit Union Checking AccountLocal Government Federal Credit Union Money Market AccountLocal Government Federal Credit Union Share Term Certificates Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. How Local Government Federal Credit Union worksLocal Government Federal Credit Union is a financial institution that serves North Carolina's local government employees and volunteers. The credit union doesn't have branches, but it's partnered with State Employees Credit Union. Local Government Federal Credit Union vs. Truliant Federal Credit UnionTruliant Federal Credit Union is a CDFI that serves local communities in North Carolina, South Carolina, and Virginia. Local Government Federal Credit Union offers higher interest rates, but Truliant Federal Credit Union doesn't charge monthly services.

☆ Joseph A. Hardy III Built the No-Frills 84 Lumber Chain
▼ + stars: | 2023-01-18 | by ( James R. Hagerty | ) www.wsj.com time to read: 1 min

Joseph A. Hardy III once purchased a British royal title, lord of the manor of Henley-in-Arden, and began holding mock royal receptions at his resort. Joseph A. Hardy III , the founder of 84 Lumber Co., tried to keep the business simple by selling building supplies to contractors and remodelers in no-frills outlets scattered across the U.S.His personal life was more complicated.

☆ Deadly HIMARS strikes show how Ukrainian forces are turning cell phones into 'force multipliers'
▼ + stars: | 2023-01-15 | by ( Stavros Atlamazoglou | ) www.businessinsider.com time to read: +6 min

Ukraine has launched deadly long-range strikes against Russian troops in eastern Ukraine. Some of those strikes and other attacks have reportedly been enabled by Russian cell phone use. Those cases illustrate the growing use of cell phones as sensors on the battlefield. In addition, Ukrainians have used their cell phones to report on Russian military movements. Cell phones have also provided accountability, allowing observers to tally losses and to shed light on misdeeds.

☆ Investors piled a record $12.6 billion into wellness apps during the pandemic. Now they're starting to bet on startups tackling mental illnesses.
▼ + stars: | 2023-01-13 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +5 min

The COVID-19 pandemic created a wellness boom across Europe, with mindfulness apps growing rapidly. VCs pumped a record $771 million into European startups tackling mental illnesses in 2021, per Dealroom. But psychologists have been clear that they are not substitutes for clinically-approved treatments for mental health conditions. Now, there is a new wave of startups looking to move beyond wellness and tackle mental illnesses. "The scale of the problem of mental illnesses became evident after COVID-19," Joseph Zipfel, chief investment officer at SFC, told Insider.

☆ From the digital ad crash to Elon Musk buying Twitter — these were the ad industry's 5 biggest shocks of 2022, and what it means for 2023
▼ + stars: | 2022-12-29 | by ( Ryan Joe | Lara O'Reilly | ) www.businessinsider.com time to read: +7 min

The ad industry is crossing its fingers that Twitter is a safe place to advertise. 2022 was a volatile year for the advertising industry. DeGroote believes the 2023 ad market growth forecasts from major ad buyers like GroupM (5.9% growth), and Magna (5% growth to $822 billion) are too optimistic. Meta, has also seen its ad revenue decline, and has dumped $4 billion so far into building a so-called Metaverse, which hasn't driven any revenue yet. Elon Musk acquires TwitterMusk's acquisition of Twitter — and subsequent decimation of its employee ranks, including its revenue-driving advertising operations — shook the ad industry.

☆ 2022 in gender equality: Share of female Fortune 500 CEOs hits all-time high, but other progress stalls
▼ + stars: | 2022-12-20 | by ( Morgan Smith | ) www.cnbc.com time to read: +6 min

Women continue to face a significant wage gap that has hardly budged over the last 15 years, with women of color bearing the brunt of the disparity. The year "2022 really is a mixed bag when it comes to gender equality," says Melissa Boteach, the vice president for income security and child care/early learning at the National Women's Law Center. Aside from that victory, there has been little progress in closing the gender wage gap over the past decade. This year, the wage gap narrowed by one penny. The wage gap Black women face narrowed by about four cents in one year, while Latinas' wage gap didn't budge at all.

☆ From ads in video games, retail media, and cookieless tracking — experts predict these surging areas will drive ad industry M&A in 2023
▼ + stars: | 2022-12-20 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +8 min

Despite an economic downturn, experts predict there will be plenty of advertising M&A in 2023. While that could include some and firesales, deals are expected in hot areas like retail media and CTV. Insider spoke to more than a dozen industry experts who dished on the trends that will drive advertising M&A next year. Companies in hot areas like performance marketing, retail media and CTV will buy others to build out their offeringsPerformance marketing, retail media, and the growth of connected TV advertising have been among the hottest trends for advertising companies and agencies in recent years. Areas like retail media and ad-supported streaming are on fire.

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☆ Jill Scott announces ‘Who is Jill Scott? Words & Sounds Vol. 1’ 23rd anniversary tour
▼ + stars: | 2022-12-05 | by ( Marianne Garvey | ) edition.cnn.com time to read: +1 min

CNN —After a 20th-anniversary tour of Jill Scott’s chart-topping album, “Who Is Jill Scott? : Words and Sounds Vol I” was forced to end prematurely due to the pandemic, it will resume. The tour, produced by Live Nation Urban, will play in over 20 markets across the country. It went double platinum album and earned her several Grammy nominations, including best new artist (2001), best R&B album (2001), and best female R&B vocal performance for three years in a row (2001-2003). Pre-sales for Scott’s tour will begin Dec. 6.

☆ Nickelback will be inducted into the Canadian Music Hall of Fame
▼ + stars: | 2022-11-20 | by ( Zoe Sottile | ) edition.cnn.com time to read: +1 min

CNN —Nickelback’s dream to be “big rockstars” might just be coming true with the band’s induction to the Canadian Music Hall of Fame. The much-memed Canadian band will be officially added to the Hall of Fame in March 2023, according to a news release. The band follows singer-songwriter Deborah Cox, who was inducted in 2022, and Jann Arden, inducted in 2021. Many of their most iconic songs – like “Rockstar” and “Photograph” – come from their fifth studio album, “All the Right Reasons,” released in 2005. The Canadian Music Hall of Fame, launched in 1978 to recognize the success of Canadian artists, is located in Calgary, Alberta.

☆ Revlon creditors challenge 2020 loan transactions
▼ + stars: | 2022-11-01 | by ( Dietrich Knauth | ) www.reuters.com time to read: +2 min

If successful, their challenge could eliminate the Brandco lenders' right to claim Revlon's brands as their exclusive collateral, reducing the Brandco lenders' leverage in the bankruptcy. Both lender groups participated in a $2 billion loan that Revlon used to purchase Elizabeth Arden in 2016. Revlon and an attorney for the Brandco lenders did not immediately respond to a request for comment. When Revlon filed for bankruptcy in June, the Brandco lenders held about $1.88 billion of Revlon's $3.5 billion debt. Those transactions allowed Revlon to borrow an additional $880 million in 2020 from the Brandco lenders, according to the complaint.

☆ Russell Wilson banishes demons as Denver Broncos earn thrilling win over Jacksonville Jaguars
▼ + stars: | 2022-10-30 | by ( Ben Morse | ) edition.cnn.com time to read: +5 min

CNN —It’s not been an easy week for the embattled Russell Wilson. Since joining the Denver Broncos, it has become commonplace to hear Wilson ending press conferences or videos with four now-famous words. A touch-pass from Wilson to Jerry Jeudy got the team on the board after the Jaguars had raced into a 10-0 first-half lead. Wilson looks to throw a pass in the first half against the Jaguars. And at the end of it, standing on the Wembley field, a victorious quarterback once again, Wilson had a message for those watching.

☆ Amir Malik is on a drive to make golf more inclusive for Muslims
▼ + stars: | 2022-10-04 | by ( Jack Bantock | ) edition.cnn.com time to read: +8 min

CNN —Amir Malik is a man in love with golf. Amir Malik (L) is passionate about golf. Malik believes Muslim women in the UK are being held back from participating in more sports because of a lack of all-female facilities and sessions. Muslim Golf Association‘The golf course doesn’t discriminate’To date, MGA events have attracted over 1,300 participants. Muslim Golf AssociationWhile Malik hopes to soon see Muslim players competing on professional tours, he says he did not form the MGA to produce a Muslim Tiger Woods.

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