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☆ Hanesbrands CFO Michael Dastugue Resigns; Scott Lewis Named Interim CFO
▼ + stars: | 2023-01-13 | by ( Kathryn Hardison | ) www.wsj.com time to read: 1 min

Hanesbrands Inc. said Thursday that Chief Financial Officer Michael Dastugue has resigned, effective Feb. 28, due to family reasons. The apparel company named Scott Lewis, its chief accounting officer and controller, as the interim finance chief until a successor is appointed. The company has initiated a search for a permanent CFO. Mr. Dastugue will continue to serve in a financial consultancy position through the second quarter, the company said. Write to Kathryn Hardison at kathryn.hardison@wsj.comCopyright ©2022 Dow Jones & Company, Inc. All Rights Reserved.

☆ AMD, Marvell Technology Name New CFOs
▼ + stars: | 2023-01-12 | by ( Kathryn Hardison | ) www.wsj.com time to read: +1 min

Marvell Technology Inc. has appointed Willem Meintjes as its chief financial officer, succeeding Jean Hu as she takes on the CFO role for Advanced Micro Devices Inc.Mr. Meintjes will assume the position on Jan. 20, Marvell Technology said Wednesday. Newsletter Sign-up WSJ | CFO Journal The Morning Ledger provides daily news and insights on corporate finance from the CFO Journal team. PREVIEW Ms. Hu will become the CFO and executive vice president at Advanced Micro Devices on Jan. 23, according to a separate announcement. Mr. Meintjes has served as Marvell’s chief accounting officer and treasurer since 2018. He joined the company in 2016 as a senior vice president of finance.

☆ AIG Finance Chief Takes Temporary Medical Leave
▼ + stars: | 2023-01-11 | by ( Kathryn Hardison | ) www.wsj.com time to read: 1 min

American International Group Inc. said Tuesday that Chief Financial Officer Shane Fitzsimons is taking a temporary medical leave of absence. Newsletter Sign-up WSJ | CFO Journal The Morning Ledger provides daily news and insights on corporate finance from the CFO Journal team. PREVIEWMark Lyons, who previously served as the company’s CFO, has been appointed as the interim CFO. Mr. Lyons will continue to serve in his role as the global chief actuary and head of portfolio management, the insurance company said. Write to Kathryn Hardison at kathryn.hardison@wsj.comCopyright ©2022 Dow Jones & Company, Inc. All Rights Reserved.

"Glass Onion: A Knives Out Mystery" is now available to stream on Netflix. Serving as a sequel to the 2019 film "Knives Out," "Glass Onion'' features the return of detective Benoit Blanc (Daniel Craig). Check out the trailer for 'Glass Onion: A Knives Out Mystery'Daniel Craig reprises his role as keen investigator Benoit Blanc. How to watch 'Glass Onion: A Knives Out Mystery'You can watch "Glass Onion: A Knives Out Mystery" at home exclusively on Netflix. Is 'Glass Onion' a sequel to 'Knives Out'?

“Spoiler Alert” opened in U.S. theaters Dec. 2. “Women Talking” opened in select U.S. theaters Dec. 2. “The Whale” opens in U.S. theaters Dec. 9. “Babylon” opens in U.S. theaters Dec. 23. “I Wanna Dance With Somebody” opens in U.S. theaters Dec. 23.

☆ Business-Software Companies Say Customers Are Pulling Back Amid Economic Concerns
▼ + stars: | 2022-12-04 | by ( Kathryn Hardison | ) www.wsj.com time to read: 1 min

Salesforce said its business customers are adopting behaviors typically seen in an economic downturn. Attendees at its 2022 Dreamforce conference in San Francisco. Business-software companies say customers are being more cautious with their spending in response to a challenging economy, adding to the tech industry’s list of concerns. Customers for companies such as Salesforce Inc., Okta Inc. and CrowdStrike Holdings Inc. are taking longer to sign deals, and in some cases slowing their hiring plans as they try to protect their bottom lines, the software providers reported this past week. That trend has created a cloudy outlook for many in the once-booming business-software sector, which benefited from years of demand as customers looked to use the products to trim costs and maintain their businesses during the pandemic.

☆ Salesforce Co-CEO Bret Taylor to Step Down
▼ + stars: | 2022-11-30 | by ( Kathryn Hardison | ) www.wsj.com time to read: 1 min

Bret Taylor was elevated to the co-CEO role at Salesforce a year ago. Salesforce Inc. said Bret Taylor will depart as co-CEO of the business-software company with co-founder and co-CEO Marc Benioff becoming the sole chief executive. “After a lot of reflection, I’ve decided to return to my entrepreneurial roots,” Mr. Taylor said, adding that “now is the right time for me to step away.”

☆ ‘Glass Onion: A Knives Out Mystery’ Review: Daniel Craig Solves a Puzzle on a Greek Isle
▼ + stars: | 2022-11-26 | by ( Kyle Smith | ) www.wsj.com time to read: +2 min

Still, the nattily attired Blanc is not only a detective dandy, he’s a dandy detective, and “Glass Onion: A Knives Out Mystery” is breezy holiday entertainment. All of them accept the offer to be guests at the lavish Greek island property of a jovial billionaire, Miles Bron ( Edward Norton ). We learn that he used to hang out with all of them at a tavern called the Glass Onion before he launched the tech business that made his fortune. Now he’s doing well enough to have built himself an enormous mansion topped by a palatial structure shaped like a glass onion. He boasts to his old friends that, unknown to his insurers, he has installed an override button that removes the protective glass housing around the masterpiece.

The toy industry needs a Christmas miracle. Stores are overflowing with Legos and Barbies. Retailers are slashing prices and in some cases tapering orders from manufacturers to clear their shelves. Shoppers have pulled back on purchases amid high costs of gas and food, many of them waiting until after Black Friday for toy prices to drop further or spread out their spending.

The toy industry needs a Christmas miracle. Stores are overflowing with Lego sets and Barbies. Retailers are slashing prices and in some cases tapering orders from manufacturers to clear their shelves. Shoppers have pulled back on purchases amid high costs of gas and food, many of them waiting until after Black Friday for toy prices to drop further or spread out their spending.

☆ Netflix's best Thanksgiving movie is not streaming: 'Glass Onion'
▼ + stars: | 2022-11-24 | by ( Ani Bundel | Ani Bundel Is A Cultural Critic Who Has Been Writing Regularly Since Her Work Can Also Be Found At Elite Daily | Weta'S Telly Visions | ) www.nbcnews.com time to read: +6 min

“Glass Onion: A Knives Out Mystery” is a bit of a clunky title. But the film itself, which only ever calls itself “Glass Onion” on screen, is a delightful trifle of a mystery movie, a laugh-out-loud comedy that deserves to be a mass market theatrical hit. Perhaps “Glass Onion” is better experienced on streaming — at least philosophically. But perhaps “Glass Onion” is better experienced on streaming — at least philosophically. That being said, “Glass Onion” is as wonderfully enjoyable as its predecessor, even though there’s little need to connect the two.

REUTERS/Mario AnzuoniNov 23 (Reuters) - "Glass Onion: A Knives Out Mystery," a sequel to 2019's "Knives Out," brings together a new cast in Greece for a fresh murder mystery and case for sharply-dressed detective Benoit Blanc, played by Daniel Craig. Rian Johnson, who directed both movies, helped peel back one of the franchise's biggest mysteries this week when he explained what "Glass Onion" means. He told Reuters, "Well it's a Beatles song first and foremost and it's kind of a Beatles song about a mystery that's not actually a mystery." He added: "I ended up working in the idea of the glass onion of this thing that seems densely layered but in reality, it's pretty transparent. "I can't think of a film that I've been in in quite a while where the costumes had such a presence in the film," Norton said.

☆ ‘Glass Onion’ sharpens the ‘Knives Out’ formula in a polished Netflix sequel
▼ + stars: | 2022-11-23 | by ( Review Brian Lowry | ) edition.cnn.com time to read: +3 min

CNN —Rising to the challenge of matching its successful predecessor, “Glass Onion: A Knives Out Mystery” maintains the razor-sharp formula, with a setup that feels even more conspicuously like an Agatha Christie homage before an extremely clever series of twists kick in. Writer-director Rian Johnson again assembles a solid cast behind Daniel Craig, but it’s his use of language – where nary a word is wasted – that finally gives the sequel its edge. Netflix opportunistically stepped up to acquire the “Knives Out” franchise and, departing from its usual “Stroke the filmmakers’ egos” approach to theatrical distribution, will actually give the movie a wide one-week-only release before it hits the streaming service in late December. Happily, “Glass Onion” finds new layers to explore, in a way that makes the prospect of a new “Knives Out Mystery” every few years sound like a perfectly reasonable idea, wherever and however one chooses to consume it. “Glass Onion: A Knives Out Mystery” premieres November 23 in US theaters and December 23 on Netflix.

☆ Carvana Plans to Lay Off 1,500 Employees, Cites Economic Concerns
▼ + stars: | 2022-11-18 | by ( Kathryn Hardison | ) www.wsj.com time to read: 1 min

Carvana Co. plans to lay off about 1,500 employees, or about 8% of the company’s workforce, executives said in a Friday memo to staff. The planned workforce reductions come as the used car retailer faces economic headwinds and an uncertain future, Chief Executive Ernie Garcia said in the memo.

☆ Carvana Plans to Lay Off 1,500 Employees, Citing Economic Concerns
▼ + stars: | 2022-11-18 | by ( Kathryn Hardison | ) www.wsj.com time to read: 1 min

Carvana Co. plans to lay off about 1,500 employees, or about 8% of the company’s workforce, executives said in a Friday memo to staff. The workforce reductions come as the online used-car retailer faces economic headwinds and an uncertain future, Chief Executive Ernie Garcia said in the memo. The move also adds to the 2,500 employees the company, based in Tempe, Ariz., planned to lay off earlier this year after it overshot its growth strategy.

☆ Hasbro Chief Financial Officer Deborah Thomas to Retire
▼ + stars: | 2022-11-09 | by ( Kathryn Hardison | ) www.wsj.com time to read: 1 min

Hasbro Inc. Chief Financial Officer Deborah Thomas plans to retire from the toy and entertainment company. Newsletter Sign-up WSJ | CFO Journal The Morning Ledger provides daily news and insights on corporate finance from the CFO Journal team. PREVIEWMs. Thomas will remain in her position until a successor is in place, the company said Wednesday. Hasbro said it would look at both internal and external candidates for the next finance chief. Ms. Thomas has been at Hasbro for 24 years, Chief Executive Chris Cocks said.

☆ Mondelez International Raises Outlook Despite Lower Profits
▼ + stars: | 2022-11-02 | by ( Kathryn Hardison | ) www.wsj.com time to read: 1 min

Mondelez International Inc. raised its full-year outlook as consumers continue to absorb higher prices for its snacks, though extra costs took a chunk out of its bottom-line in the third quarter. The Chicago-based maker of Oreo cookies and Triscuit crackers said sales rose 8.1% to $7.76 billion in the latest quarter, driven by higher pricing and volume. It also started to log sales following its acquisitions of energy bar marker Clif Bar & Co. and baked goods company Chipita Global S.A., deals valued at $2.9 billion and $2 billion respectively.

☆ Victoria’s Secret to Buy Lingerie Brand Adore Me for $400 Million
▼ + stars: | 2022-11-01 | by ( Kathryn Hardison | ) www.wsj.com time to read: 1 min

Victoria’s Secret & Co. is buying online lingerie seller AdoreMe Inc., adding a brand known for inclusive sizing and body positivity as the retailer tries to move away from a legacy built largely on sex appeal. Victoria’s Secret is paying $400 million in cash for Adore Me, a direct-to-consumer business that started about a decade ago. The online lingerie seller is on track for about $240 million in revenue this year, according to Victoria’s Secret. It comes after Victoria’s Secret itself has shifted its marketing, hiring more diverse models, and discussed plans to add new brands to its mix.

☆ Netball Australia: Gina Rinehart pulls sponsorship in dispute over father's racist comments
▼ + stars: | 2022-10-23 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +11 min

Brisbane, Australia CNN —When Australia’s richest woman Gina Rinehart threw a financial lifeline to Netball Australia, she triggered a debate about sponsorships and the role of social and political issues in the sporting sphere. Donnell Wallam of the Firebirds is a rising star in Australian netball. On Monday, Kathryn Harby-Williams, CEO of the Australian Netball Players’ Association told the Australian Broadcasting Corporation that Wallam had asked for an exemption not to wear the logo and was refused. Netball Australia CEO Kelly Ryan told Nine News the loss of Hancock sponsorship was “disappointing” but a “strong balance” needs to be struck between social issues and funding. “When done well, sport sponsorship is brand transforming for both the sport and sponsor.”

☆ ‘Knives Out’ director is revealing the sexuality of Daniel Craig’s character
▼ + stars: | 2022-10-19 | by ( Marianne Garvey | ) edition.cnn.com time to read: +1 min

CNN —The director of “Knives Out” is revealing the sexuality of Daniel Craig’s character in the hit film. Rian Johnson says super sleuth Benoit Blanc, a wacky detective, does have male lovers, Johnson confirmed at a BFI London Film Festival press conference. Johnson was discussing “Glass Onion,” the sequel to the 2019 mystery, which is set for a Netflix release Dec. 23. Dave J Hogan/Getty Images“Glass Onion: A Knives Out Mystery” also stars Edward Norton, Natasha Lyonne, Janelle Monáe, Kathryn Hahn, Kate Hudson, Leslie Odom, Jr., and Dave Bautista. Hugh Grant, Yo-Yo Ma, the late Angela Lansbury and Stephen Sondheim play themselves in the movie.

☆ How to survive a nuclear bomb attack: Minute-by-minute steps to protect yourself
▼ + stars: | 2022-10-19 | by ( Aria Bendix | Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +10 min

If a nuclear bomb were headed toward the US, residents would have 30 minutes or less to shelter. Russian Presidential Press Service/APA nuclear attack remains highly unlikely, but it's not out of the question, experts say. Redlener said the best way to learn of an impending nuclear attack would probably be TV or radio. Survivors of a nuclear attack would have about 15 minutes before sandlike radioactive particles, known as nuclear fallout, reached the ground. The US Department of Health and Human Services recommends staying indoors for at least 24 hours after a nuclear explosion.

☆ J.B. Hunt Expects Weaker Freight Volumes This Holiday Season
▼ + stars: | 2022-10-18 | by ( Liz Young | Kathryn Hardison | ) www.wsj.com time to read: +3 min

Freight bellwether J.B. Hunt Transport Services Inc. said it is planning for a damped holiday shipping season, as cargo volumes fall ahead of what is typically the busiest period of the year for logistics operators. PREVIEWDarren Field, president of intermodal at J.B. Hunt, said on an earnings call Tuesday that peak season volumes aren’t where the company had anticipated they would be. J.B. Hunt executives said the company is seeing some of that in its freight-brokerage business, where volumes have been softening. Revenue in its brokerage business was down 11% in the third quarter year-over-year and volume was down 8%. Mr. Field said he attributed the September drop-off to the threat of a national rail strike that month.

☆ Tesla, Netflix Set to Report Earnings as Recession Talk Mounts
▼ + stars: | 2022-10-15 | by ( Kathryn Hardison | ) www.wsj.com time to read: 1 min

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☆ Russia's war in Ukraine raises a harrowing question: How widespread would fallout from a nuclear bomb be?
▼ + stars: | 2022-10-14 | by ( Aria Bendix | Azmi Haroun | ) www.businessinsider.com time to read: +7 min

"Ukraine doesn't have nuclear weapons, so the risk of nuclear war in this scenario is if, somehow, the conflict escalated to pull in NATO countries or the US," she added. "That raises the risk of nuclear confrontation because some of the NATO countries have nuclear weapons." The US, for instance, has about 5,500 nuclear weapons, while Russia has about 6,000, according to the Federation of American Scientists. When a nuclear bomb strikes, it sets off a flash of light, a giant orange fireball, and building-toppling shockwaves. The fallout of a nuclear bomb also depends on how a country chooses to detonate it.

☆ Delaying big purchases, reducing debt: 76% of adults are making lifestyle changes to prepare for a potential recession
▼ + stars: | 2022-10-13 | by ( Sarah O'Brien | ) www.cnbc.com time to read: +2 min

However, the job market remains tight. However, that also can translate into job and/or income loss — which generally is the primary pain point for households in a recession. "If we do go into a recession, it doesn't mean it will be bad or last long," said certified financial planner David Mendels, director of planning at Creative Financial Concepts in New York. "And it doesn't mean you're going to lose your job — or if you do, it doesn't mean you won't get another." "Six months to a year's worth of income is what you should have in savings anyway," Mendels said.

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