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CNN —Demolition of the Los Angeles area home where Marilyn Monroe spent her last months has been put on hold by Los Angeles City Council, following a last-minute motion aimed at designating the house a Historic-Cultural Monument. Baron/Hulton Archive/Getty Images Norma Jeane Mortenson, who later changed her name to Marilyn Monroe, was born in 1926 in Los Angeles. Hulton Archive/Getty Images She was in several movies in 1950, including "The Asphalt Jungle" and "All About Eve." Hulton Archive/Getty Images Monroe wins a trophy at the "Star Of Tomorrow" Awards in Los Angeles in 1952. Bettmann Archive/Getty Images Monroe and former Yankees baseball player Joe DiMaggio leave city hall after their wedding.
Persons: Marilyn Monroe, Traci, Baron, Norma Jeane Mortenson, Gladys Baker, Marilyn, Claudette Colbert, Monroe, Jim Dougherty, Grace McKee, Grace, Michael Ochs, Norma Jeane, Emmeline Snively, Richard C, Miller, Donaldson, they're, Ben Lyons, Lyon, Theisen, he'd, Mira Sorvino, Frank Cronenweth, Peggy Martin, Shutterstock Monroe, Phil Moore, J R, she's, Johnny Hyde, Nancy Lee Andrews, you'll, Earl Leaf, Ray Anthony Band, Shutterstock, David Wayne, Christina Newland ., Kardashian, Amber Tamblyn, Alfred Eisenstaedt, Jane Russell, Joe DiMaggio, Amy Greene, Monroe's, Matty Zimmerman, DiMaggio, Joe, it's, Ella Fitzgerald, that's Ella Fitzgerald, Ed Feingersh, Elizabeth Winder, Ellen Burstyn, Arthur Miller, ullstein, He's, Harold Clements, Queen Elizabeth II, Laurence Olivier, Sugar Kane, Billy Wilder, I'm, Christina Newland, John F, Kennedy, Robert Kennedy, It's, Cecil W, Marilyn Monroe's, , Organizations: CNN, Los Angeles City Council, Department of Building, Safety, Hulton, Michael Ochs Archives, Model Agency, Century Fox, Columbia Pictures, Columbia, West Hollywood, Photoplay, Getty, Gentlemen, Fox, Hollywood, Bettmann, Yankees, US, Tiffany Club, New York, Grand Central, Queen, Royal, Daily Herald, Stoughton, Alamy, Los Angeles City, Historic Resources Locations: Los Angeles, Brentwood, Monroe, West Virginia, Columbia, Warrenburg , New York, American, Hollywood, Korea, York, New York, California, Hollywood , California, New, Grand, London, England, Polyclinic, Madison
Smucker has an RTO policy that requires workers to be on-site only during 22 "core" weeks. The Smucker model appears to be a hit with workers, who can live anywhere as long as they return for "core" weeks. Amazon's CEO Andy Jassy just told employees it was "past" time to commit to its return-to-office mandate of three days a week. Last week, Goldman Sachs told more of its workers to start coming into the office five days a week. Facebook/JifThe company has about 6,000 employees worldwide, but the "core" weeks program is targeted at the 1,300 corporate workers based at its Orrville headquarters.
Persons: Smucker, Andy Jassy, Goldman Sachs, Zoom, Uncrustables —, didn't, Smucker's, they're, Nicole Massey, Massey, Mark Smucker, Lakshmi Organizations: Service, Wall Street, Employees Locations: Orrville , Ohio, Wall, Silicon, San Francisco, Bay, Akron , Ohio, Lakshmi Varanasi, lvaranasi
J&J forecasts 12.5% growth in 2023 profit after Kenvue spinoff
  + stars: | 2023-08-30 | by ( ) www.reuters.com   time to read: +1 min
Johnson & Johnson company offices are shown in Irvine, California, U.S., October 14, 2020. REUTERS/Mike Blake Acquire Licensing RightsAug 30 (Reuters) - Johnson & Johnson (JNJ.N) on Wednesday forecast 12.5% growth in its annual adjusted profit after completing the separation of consumer health company Kenvue (KVUE.N) . J&J also said it would present its consumer health business as discontinued operations and record a gain of $20 billion in the third quarter as a result of the spinoff. It expects 2023 adjusted reported earnings per share of $10.00 - $10.10, 12.5% higher at the midpoint compared with 2022. Kenvue, which debuted on the New York Stock Exchange in May, has a market capitalization of about $78.9 billion.
Persons: Johnson, Mike Blake, J, Kenvue, Manas Mishra, Devika Organizations: Johnson, REUTERS, New York Stock Exchange, Thomson Locations: Irvine , California, U.S, Bengaluru
Some Workers Are Having Trouble Getting Things Done at the Office After several years of working from home, some people find it difficult to complete tasks at the office. WSJ reporter Ray A. Smith joins host J.R. Whalen to discuss ways people can be more productive in the office. Photo Illustration: Sam Kelly
Persons: Ray A, Smith, Whalen, Sam Kelly
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTJX is the off-price retail leader, but competition is hurting inventory: J Rogers Kniffen CEOJan Kniffen, CEO at J Rogers Kniffen WWE, joins 'The Exchange' to discuss Target's Q2 earnings performance compared to Walmart, TJX hitting an all-time valuation high, and more.
Persons: J Rogers, Jan Kniffen Organizations: WWE, Walmart
England's players react after winning the Australia and New Zealand 2023 Women's World Cup semi-final football match between Australia and England at Stadium Australia in Sydney on August 16, 2023. Franck Fife | AFP | Getty ImagesEngland have made more history, reaching their first Women's World Cup final after beating Australia 3-1 to set up a showdown with Spain on Sunday. England drew first blood as Ella Toone (36) curled home a superb effort as the Matildas conceded their first World Cup goal since the second group game against Nigeria - a run of well over five hours. Read more stories from Sky SportsEngland football fans celebrate at Boxpark Wembley following the FIFA Women's World Cup Australia & New Zealand 2023 Semi Final match between England and Australia on August 16, 2023 in London, England. England's forward #23 Alessia Russo (R) scores a goal past Australia's goalkeeper #18 Mackenzie Arnold during the Australia and New Zealand 2023 Women's World Cup semi-final football match between Australia and England at Stadium Australia in Sydney on August 16, 2023.
Persons: Franck Fife, amble, Ella Toone, Sam Kerr, Lauren Hemp, Alessia Russo, Read, Chris J Ratcliffe, Arjan, Kerr, Mary Earps, Mackenzie Arnold, Georgia Stanway, Toone, Russo, Haley, Clare Polkinghorne, Hayley Raso, Arnold, Mary Fowler, Caitlin Foord, Millie Bright, Bright, Ellie Carpenter, Saeed Khan, Earps, Kane Organizations: Australia, England, AFP, Getty, Sunday, Nigeria, Spain, Sky Sports England, Wembley, FIFA, New Zealand, eventual, Clare, Georgia, Earps, Chelsea, Hemp, Colombia Locations: New Zealand, Australia, Sydney, Spain, New, London, England, Georgia
CNN —Female reproductive health experts are calling on Meta, the parent company of Facebook and Instagram, to rethink its restrictions on reproductive health content. The company has long faced criticism for removing and restricting female reproductive health information with a prominent report from the Center for Intimacy Justice early last year accusing Meta of systematically rejecting many female and gender diverse reproductive health ads. Lets talk about p3riodsThe practice of censoring female reproductive health content is not unique to Meta, with similar issues reported on other social media platforms. CNN asked Meta about the reports that it is continuing to remove, restrict, and shadow-ban female reproductive health content. CNN also asked Meta why all female reproductive health, including menstrual health, is classified as an 18+ issue.
Persons: Meta, Jackie Rotman, ” Rotman, Hazel Wallace, , , ” Wallace, Ryan Daniels, Wallace, Tracey Lindeman, ” “ You’re, ” Lindeman Organizations: CNN, Meta, Facebook, Intimacy Justice
But on Tuesday, J & J was ordered to pay $18.8 million after jurors found in favor of 24-year-old Emory Hernandez Valadez who claimed in his lawsuit that he developed mesothelioma, a deadly cancer linked to asbestos, from exposure to J & J talc products. J & J has said that over 60,000 claimants support its latest $8.9 billion settlement to be paid out over 25 years. Johnson & Johnson issued an official statement following the verdict in favor of Valdez, intending to appeal. Even so, J & J got a few of price target increases on Wall Street on Friday. The higher growth pharmaceuticals and medical technology businesses are remaining as the new J & J.
Persons: Johnson, J's, Jim Cramer, Jim, J, Emory Hernandez Valadez, we're, there's, Moshe Maimon, Levy, Maimon, Michael Kaplan, Kaplan, Erik Haas, Thursday's, Haas, Jim Cramer's, Justin Sullivan Organizations: Johnson, LTL Management, J, Credit Suisse, AAA, CNBC, & ' $, & $ Locations: California, American, Levy Konigsberg, Valdez, Stifel, Kenvue, San Anselmo , California
Kenvue reported second-quarter revenue and adjusted earnings that topped expectations Thursday in the consumer health company's first quarterly report since it spun out from Johnson & Johnson two months ago. But J&J still owns a 90% stake in Kenvue, meaning it can generally control the direction of the spinoff's business for now. Excluding certain items, the company's adjusted earnings were 32 cents a share. The company's full-year adjusted earnings outlook is $1.26 to $1.31 per share. The company reported sales growth across its three business divisions in the second quarter.
Persons: Kenvue, Johnson, Kenvue's, Thibaut Mongon, headwinds, Mongon Organizations: Johnson, Refinitiv, Deutsche Bank Global Consumer Conference Locations: Kenvue, Canada
Johnson & Johnson on Thursday reported second-quarter revenue and adjusted earnings that topped Wall Street's expectations, and lifted its full-year guidance as sales from the company's medtech business jumped. That compares with a net income of $4.8 billion, or $1.80 per share, for the same period a year ago. Excluding certain items, adjusted earnings per share were $2.80 for the period. J&J is now forecasting full-year sales of $98.80 billion to $99.80 billion, about $1 billion higher than the guidance provided in April. The company raised its 2023 adjusted earnings outlook to $10.70 to $10.80 per share, from a previous forecast of $10.60 to $10.70 per share.
Persons: Johnson Organizations: UnitedHealth, Elevance, Refinitiv
Companies Kenvue Inc FollowNeutrogena Corporation FollowHaleon Plc Follow Show more companiesJuly 20 (Reuters) - Kenvue (KVUE.N), the former consumer health unit of Johnson & Johnson (JNJ.N), forecast full-year profit above Wall Street estimates on Thursday, betting on resilient demand for its skincare and self-care products such as Neutrogena and Tylenol. Kenvue, in its first results after being spun off from Johnson & Johnson in May, forecast full-year adjusted profit per share between $1.26 and $1.31. However, adjusted gross profit margin came in at 57.5%, compared to 59.3% a year earlier, dragged by a strong dollar and higher costs. Meanwhile, J&J raised its 2023 profit forecast on Thursday, banking on the strength in its medical devices business and demand for its cancer drugs such as Darzalex. Net sales rose 5.4% to $4.01 billion while adjusted profit per share came in at 32 cents.
Persons: Johnson, Haleon, J, Ananya Mariam Rajesh, Raghav, Devika Syamnath Organizations: Johnson, Wall, Thomson Locations: Bengaluru
AT&T bounces back after it eases fears over lead cable exposure
  + stars: | 2023-07-19 | by ( ) www.reuters.com   time to read: +1 min
July 19 (Reuters) - Shares of AT&T (T.N) rose 5% in premarket trading on Wednesday after the telecom company said lead cables made up only a small part of its wireline network, easing fears of an expensive clean-up. Several brokerages including J.P. Morgan and Citi had downgraded AT&T after the report, which said the cables may have contaminated neighboring soil and drinking water sources. AT&T said on Tuesday lead-clad cables "represent less than 10% of its copper footprint of roughly two million sheath miles of cable, the overwhelming majority of which remains in active service." AT&T shares have fallen about 14% since the WSJ report and hit a three-decade low on Monday, while Verizon has lost about 10%. AT&T is scheduled to report its second-quarter results next Wednesday.
Persons: Morgan, Samrhitha, Anil D'Silva Organizations: Verizon, Wall, Citi, Thomson Locations: Bengaluru
There are some new names on both the July leaders and July laggards list since we did this exercise looking at our January to June portfolio performance. META 1M mountain Meta stock performance month-to-date. Meta Platforms (META) remains a top performer in the portfolio to start the second half, rising 7.6% for the first two weeks of July after more than doubling in the first half. To start out the first half of 2023, Nvidia was our top-performing stock in the portfolio with nearly a triple. The analysts warned that FL's high exposure to lower-income consumers could pressure the second half of the year.
Persons: Jim Cramer's, Jim, Meta, Baird, Mary Dillon, Foot, Nikesh Arora, PANW, Eli Lilly, Lilly, Mounjaro that's, Johnson, Jim Cramer, Brendan McDermid Organizations: Jim Cramer's Charitable Trust, Investing, Nasdaq, HAL, Halliburton, Natural Resources, Coterra Energy, Meta, Nvidia, Apple, Alto Networks, Palo Alto Networks, Microsoft, PANW, Palo, Reuters, Nordisk, CNBC, Traders, New York Stock Exchange, & ' $ Locations: North America, FL, PANW, Palo, New York City, U.S
In April, alongside its first-quarter results, J & J raised its full-year sales guidance by about $1 billion and its earnings-per-share outlook by 15 cents. Clearing this overhang would help reduce the discount at which J & J shares to pharmaceutical peers, the firm said. The Club's take: JPMorgan's thinking on J & J aligns quite closely with our own. The dark cloud of talc lawsuits continues to keep a lid on J & J's stock price. Joaquin Duato, chief executive officer of Johnson & Johnson, at the company's headquarters in New Brunswick, New Jersey, U.S., on Thursday, April 21, 2022.
Persons: Johnson, Eli Lilly, J, Wells, Wells Fargo, Eli Lilly's, , Eisai, Biogen, Bloomberg, we've, Jim Cramer's, Jim Cramer, Jim, Joaquin Duato, Amir Hamia Organizations: Johnson, JPMorgan, pharma, U.S ., Humana, UnitedHealth, Bloomberg, U.S, Mayo Clinic, Club, GE Healthcare, CNBC, Getty, & $ Locations: U.S, California, Wells Fargo, Rochester , Minnesota, New Brunswick , New Jersey
The signs will be installed in stores between July 1 and September 30, and must be displayed until June 30, 2025. An example of a corrective sign shows a large asterisk icon with the statement, “Smoking kills, on average, 1,200 Americans. The content of the corrective statements was finalized in 2017 and then began to run in different media forms. R.J. Reynolds said these corrective statement signs appear on its website and had previously appeared in newspapers, television, radio and on pack inserts. “The tobacco industry has evolved considerably since this lawsuit was filed nearly 25 years ago, back in 1999,” a spokesperson said.
Persons: Phillip Morris, RJ Reynolds, , Gladys Kessler’s, , ” Kessler, Altria, R.J, Reynolds, vaping Organizations: New, New York CNN, Big Tobacco, ITG Brands, U.S . Department of Justice, , Reynolds American Inc Locations: New York, America, Spanish
Sam Bankman-Fried and an FTX attorney created a false document to explain close relations with Alameda, its CEO said. The false agreement was then shown to investors as part of FTX's $400 million Series C fundraising, the CEO said. FTX managed to raise $400 million in funding while showing false documents to investors, according to the crypto exchange's new CEO. This is a particularly interesting detail because the crypto exchange's implosion last November was provoked by the apparent commingling of funds between FTX and Alameda. for the benefit of the FTX customers,'" the document says.
Persons: Sam Bankman, FTX, John J Ray III, Fried, Ray Organizations: Morning, Alameda Locations: Alameda, FTX's, Delaware, FTX
In 2018, the Windrush Compensation Scheme was set up to provide compensation to victims of the scandal. The Home Office has not yet responded to CNN’s request for comment on these cases and its wider handling of the Windrush Compensation Scheme. The Windrush Compensation Scheme is an extension of a hostile environment for Black and Brown people.”For some people, any compensation awarded is too late. “We were told compensation was on the way so we could get a carer for my dad – but it was too late,” Abiona told CNN. He is now making a Windrush compensation claim through the Home Office to save up for a headstone for his father’s grave.
Persons: London CNN — Carl Nwazota, Nwazota, , , , I’m, it’s, Windrush, Britain’s, Theresa May, ” Nwazota, Anna Steiner, ” Steiner, Charlotte Tobierre, Charlotte Tobierre “, you’ve, Thomas Tobierre, Caroline, ” Tobierre, Thomas ’, ” Thomas Tobierre, Steiner, Zita Holbourne, ” Holbourne, Anthony Bryan, Bryan, Chris J Ratcliffe, Janet, Suella Braverman, Alex Cavendish, NurPhoto, Subira Cameron, Goppy, Brown, Ramya, Taiwo Abiona, Stella, Kemi Abiona, ” Abiona, Abiona Organizations: London CNN, Home Office, CNN, Office, British Home Office, Daily Herald, NGO Human Rights Watch, Home, , Protesters, Windrush, Clinic, Conservative, Royal Mail Locations: London, Wembley, Jamaica, Nigeria, British, Britain, South Asia, Africa, Tilbury, Essex,
The New York City tri-state area ranked as the most expensive on the list. While the average rent in Newark is $1,850 and $2,500 in Jersey City, in New York City it is $3,610, according to Zillow's rental manager. The metro area of New York City, N.Y., Newark, Jersey City, N.J ranked as the most expensive for renters. 2 on the list is the Miami, Fort Lauderdale and Pompano Beach, Florida metro area. The Oxnard, Thousand Oaks and Ventura area in California ranked third on the list.
Persons: Payscale, Alexander Spatari, John Elk Iii Organizations: New, Urban, Washington D.C, The New York City, Thousand Oaks, Bank, Getty Locations: New York City, N.Y, Newark, Jersey City, N.J, Miami, Fort Lauderdale, Pompano Beach, Fla, Oxnard, Thousand Oaks, Ventura, Calif, San Diego, Chula Vista, Carlsbad, Urban Honolulu, Hawaii Los Angeles, Long Beach , Anaheim, Napa , Calif, Naples, Marco Island, Washington, Arlington, Alexandria, Virg . Bridgeport , Stamford , Norwalk, Conn, Pompano Beach , Florida, Florida, California
Russian President Vladimir Putin, Kazakh President Kassym-Jomart Tokayev and Uzbek President Shavkat Mirziyoyev arrive for a working breakfast of the leaders of the Commonwealth of Independent States (CIS) in Moscow, Russia May 9, 2023. Vladimir Smirnov | Sputnik | ReutersRussian President Vladimir Putin slammed countries that he said were trying to "impose their dominance" and rules on others, saying Wednesday that those that do were "completely ignoring the sovereignty" of other states. Russian President Vladimir Putin on a screen at Red Square as he addresses a rally and a concert marking the annexation of four regions of Ukraine — Luhansk, Donetsk, Kherson and Zaporizhzhia — in central Moscow on Sept. 30, 2022. Putin said Tuesday that Russia was going through "difficult times" as it continued its military campaign in Ukraine, but said national pride was growing. Russian Foreign Minister Sergei Lavrov looks on, next to Russian President Vladimir Putin, as they wait for the US-Russia summit at the Villa La Grange, in Geneva on June 16, 2021.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with J Rogers Kniffen WWE CEO Jan KniffenJ Rogers Kniffen WWE CEO Jan Kniffen joins 'Squawk Box' to discuss the retail sector at large, earnings results, state of consumer trends, and more.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailConsumers are more interested now in experiences and travel than buying goods, says Jan KniffenJ Rogers Kniffen WWE CEO Jan Kniffen joins 'Squawk Box' to discuss the retail sector at large, earnings results, state of consumer trends, and more.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFoot Locker shares sink after lowering guidance. Here's what the pros have to sayJim Cramer and Jan Rogers Kniffen of J Rogers Kniffen Worldwide Enterprises on what they think about Foot Locker after shares spiraled following a big earnings miss in the first quarter.
For now, it's not exactly clear how J & J will go about the second step of this divestiture. In this scenario, we would have the option to relinquish some, all or none of our J & J shares. In fact, our optimism around the breakup was a big reason we bought into J & J nearly a year ago . J & J continues to argue against claims that its baby powder and other talc products caused cancer lack merit. "Look at it as a whole company today, knowing that [roughly] 10% doesn't belong to J & J," explained Cantor Fitzgerald analyst Louise Chen, who has a buy rating and maintains a $215 price target on J & J.
And they made grim viewing for a man hoping to lead his Conservative Party back to power in just over a year’s time at the next UK general election. With nearly three-quarters of results declared by late afternoon on Friday, the Conservatives had shed 35 local authorities and more than 600 councilors. Prime Minister Rishi Sunak's Conservative Party suffered a drubbing at local elections. They are downplaying the local elections and pointing out that Labour would still need a swing bigger than Tony Blair achieved in 1997 to win a majority of just one seat. The Conservative Party has developed a taste for regicide since 2016.
International Covid vaccine sales helped spark Johnson & Johnson 's revenue and earnings beat on Tuesday, but the company said it expects no sales from the shot moving forward. That marks the end of a rocky three years for J&J's Covid vaccine despite being one of the first shots to enter the U.S. market during the pandemic. Notably, all Covid vaccine revenue during the quarter came from outside of the U.S. JP Morgan analyst Chris Schott added that J&J's first-quarter beat was in part "driven by Covid vaccine upside." While J&J's vaccine fell out of favor in the U.S. and other wealthy countries, developing countries have continued to rely on it.
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