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☆ Yacht maker’s Italy pivot shows the way for Prada
▼ + stars: | 2023-06-08 | by ( Yawen Chen | ) www.reuters.com time to read: +4 min

LONDON, June 8 (Reuters Breakingviews) - Chinese-owned yacht maker Ferretti is testing uncharted waters. Prada shares have been trading exclusively in the Asian financial centre since the company’s 2011 initial public offering. For Ferretti, Hong Kong has provided a helpful springboard. Ferretti shares trade at 12 times expected net earnings of 78 million euros this year, lower than Milan-listed rival Sanlorenzo’s (SNL.MI) 15 times multiple. In Hong Kong many shares still exist as physical certificates; these are traded electronically only after being deposited in a centralised system.

Persons: Ferretti, Riva speedboats, Prada, Miuccia Prada, Patrizio, Alberto Galassi, Sanlorenzo’s, Lorenzo Bertelli, Lisa Jucca, Oliver Taslic Organizations: Reuters, Hollywood, Weichai Group, Reuters Graphics Reuters, Weichai, Ferretti International Holding SpA, Hong Kong Stock Exchange, Thomson Locations: Hong Kong, Milan, Italy, China, China’s

☆ Fact Check-Galleria Umberto I in Naples built in 1890, not a thousand years prior
▼ + stars: | 2023-05-16 | by ( Reuters Fact Check | ) www.reuters.com time to read: +5 min

Galleria Umberto I was built between 1887 and 1890 and dedicated to Umberto I, Italy’s king at the time, said Joshua Arthurs, associate professor of history in the Department of Historical and Cultural Studies at the University of Toronto-Scarborough (here). Galleria Umberto I stands between Via Santa Brigida, Via Giuseppe Verdi and Via San Carlo and can be seen on Google Maps (goo.gl/maps/bC1CLDxHmExVokzg7). ARCHITECTURAL FEATURESArchitectural elements seen in Galleria Umberto I could not have been possible a thousand years prior, Arthurs said, and the style is typical of the Renaissance revival in the late 19th century, called “Stile Umbertino,” referring to King Umberto I. MISSING ‘M’Historians interviewed by Reuters could not confirm whether the M was ever missing from the building façade at some point. Galleria Umberto I could not have been built 1,000 years before 1890.

☆ Tuesday Morning says it wants to close 265 stores as part of its bankruptcy filing. See if your local store is on the list.
▼ + stars: | 2023-02-15 | by ( Alex Bitter | ) www.businessinsider.com time to read: +30 min

Camarillo: Camarillo Village Square, 2450 Las Posas Road, Ste HCamarillo Village Square, 2450 Las Posas Road, Ste H Roseville: Fairway Commons Shopping Center, 5771A Five Star Blvd. San Diego: Pacific Plaza Shopping Center, 1772‐D Garnet AvenuePacific Plaza Shopping Center, 1772‐D Garnet Avenue Woodland Hills: Pride Shopping Center, 22950 Victory Blvd. Winston-Salem: Whitaker Square Shopping Center, 1947 North Pease Haven Road, Space #1947Whitaker Square Shopping Center, 1947 North Pease Haven Road, Space #1947 Matthews: Windsor Square Shopping Center, 9945 E. Independence Blvd. ; Westhill Village Shopping Center, 7525 WestheimerWeslayan Plaza West Shopping Center, 5442‐A Weslayan Street; Westheimer Commons, 12568 Westheimer Rd. ; Westhill Village Shopping Center, 7525 Westheimer El Paso: West Towne Marketplace, 6450 N. Desert Blvd., Ste.

☆ Fact Check-Clip of hundreds of birds flying above a motorway filmed in Texas, not Ukraine in 2023
▼ + stars: | 2023-01-24 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

A clip dating to at least as far back as 2017 showing hundreds of birds flying above a motorway was not filmed in Kyiv, Ukraine, in January 2023. One individual shared the clip filmed from a vehicle showing the flock flying above a motorway, with a caption that reads: “WATCH Huge ‘murder’ of crows reportedly spotted flying over #Kiev, #Ukraine The end of times" (here), (here). The clip is not recent, nor was it filmed in Kyiv, Ukraine. According to the media reports, the clip was filmed on a motorway in Houston, Texas. The clip was widely published by media outlets in January 2017 and was filmed on a motorway in Houston, Texas.

☆ 39 more Regal theaters are closing in the US amid bankruptcy. See the full list.
▼ + stars: | 2023-01-19 | by ( Travis Clark | Sindhu Sundar | ) www.businessinsider.com time to read: +4 min

Over three dozen Regal Cinemas locations in the US are expected to close. Cineworld detailed the plan to reject the leases starting February 15 in a new bankruptcy filing on Tuesday. Regal is the second-largest cinema chain in the US, behind AMC, with over 500 theaters. The company's plan to close locations during its bankruptcy is fairly routine. Cineworld filed for bankruptcy at a time when the larger theatrical industry is struggling to fully rebound from the pandemic.

☆ The Year in Pictures 2022
▼ + stars: | 2022-12-19 | by ( The New York Times | ) www.nytimes.com time to read: +57 min

Every year, starting in early fall, photo editors at The New York Times begin sifting through the year’s work in an effort to pick out the most startling, most moving, most memorable pictures. But 2022 undoubtedly belongs to the war in Ukraine, a conflict now settling into a worryingly predictable rhythm. Erin Schaff/The New York Times “When you’re standing on the ground, you can’t visualize the scope of the destruction. Jim Huylebroek for The New York Times Kyiv, Ukraine, Feb. 25. We see the same images over and over, and it’s really hard to make anything different.” Kyiv, Ukraine, Feb 26.

Others, like Target (TGT.N) and Barnes & Noble, sealed merchandise behind plexiglass or tethered it with steel cables to store shelves. One survey by the National Retail Federation (NRF) cited a 26.5% jump last year in "organized retail crime" carried out by groups of people. But it is unclear whether overall U.S. retail crime is on the rise, with little data available on the problem. Retailers rarely openly acknowledge the threat of theft or crime because they generally don't want to spook shoppers. "Along with other retailers, we've seen a significant increase in theft and organized retail crime across our business," Target CEO Brian Cornell told investors on a November 16 conference call.

☆ This Italian icon suddenly looks different
▼ + stars: | 2022-10-14 | by ( Julia Buckley | ) edition.cnn.com time to read: +6 min

Plus, we’ll get you in the mood before you go with movie suggestions, reading lists and recipes from Stanley Tucci. A new lighting system has revolutionized how the famous statue looks, with small details visible for the first time in its history. “A few days ago, I noticed muscles on the body that I’d never seen before,” says Lucia Lazic, a guide who visits the Accademia Gallery most days. Michelangelo's David in the Accademia Gallery. Now they’re the same color,” Hollberg told CNN.

☆ Plastic pollution may have met its match: The saliva of wax worms
▼ + stars: | 2022-10-05 | by ( ) www.nbcnews.com time to read: +4 min

Two substances in the saliva of wax worms — moth larvae that eat wax made by bees to build honeycombs — readily break down a common type of plastic, researchers said on Tuesday, in a potential advance in the global fight against plastic pollution. For plastic to degrade, oxygen must penetrate the polymer — or plastic molecule — in an important initial step called oxidation. Wax worms are the larvae of wax moths, a species called Galleria mellonella. The idea would be to produce the worms’ saliva enzymes synthetically, which the researchers succeeded in doing, to break down plastic waste. Bertocchini said the use of billions of wax worms to do the job has drawbacks including generating carbon dioxide as they metabolize the polyethylene.

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