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☆ Coco Gauff’s US Open victory given presidential seal of approval
▼ + stars: | 2023-09-10 | by ( Issy Ronald | ) edition.cnn.com time to read: +5 min

“Congrats to U.S. Open Champion Coco Gauff,” President Joe Biden wrote on X, formerly known as Twitter. Mike Stobe/Getty Images Aryna Sabalenka of Belarus is recognized for her runner-up finish against Coco Gauff. Sarah Stier/Getty Images Sabalenka and Gauff pose for a photo with former player Billie Jean King before the match. Sarah Stier/Getty Images Gauff is introduced ahead of the match. Sarah Stier/Getty Images A US flag is unfurled during the opening ceremony for the US Open women's singles final.

Persons: Coco Gauff, Aryna Sabalenka, Venus Williams, Gauff, CNN’s Carolyn Manno, Serena Williams, “, ”, ” Gauff, “ Congrats, Joe Biden, Arthur Ashe, You’ve, ” Coco Gauff, Arthur, Mike Segar, Reuters Gauff, Mike Stobe, Sarah Stier, Shannon Stapleton, Frank Franklin II, Darren Carroll, AP Sabalenka, Danielle Parhizkaran, Al Bello, Charles Krupa, Clive Brunskill, Sabalenka, Billie Jean King, Timothy A, Clary, Michelle Obama, Laura Siegmund, Obama, Gauff’s, Bill Clinton, Venus, Serena, “ Let’s, Nicole Kidman, Amanda Seyfried, Cara Delevingne, Ariana DeBose, Diane Keaton, Mindy Kaling, Rachel Brosnahan, Jonathan Van Ness, Carlos Alcaraz, Zendaya Organizations: CNN, Wimbledon, Reuters, USTA, AP, USA, Network, Sabalenka, Gauff, Getty, WTA, Gotham Locations: American, U.S, America, Queens, Belarus, AFP

☆ America is in a factory boom again. Even a recession may not bring it down this time
▼ + stars: | 2023-09-09 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

A few days before Biden’s speech in Maine, the Fed approved raising interest rates to their highest level in more than 22 years, continuing an aggressive inflation-busting campaign. Customers are also being pinched with higher interest rates,” a food, beverage and tobacco products manufacturer told the ISM in its August survey. “When we built our first building, interest rates were around 14% or so, and that was in the early ’80s,” she said. “We’ve seen some plans go on hold or on a slower burn until those companies see what happens with interest rates and the economy,” he said. Recession or not, the bull case for US manufacturing has the industry — and Biden — in a good mood.

Persons: Kathie Leonard, Leonard, —, ”, ” Leonard, Joe Biden, “, ’ ” Leonard, Biden, Charles Krupa, Paul Krugman, Goldman Sachs, It’s, Scott Paul, Paul, it’s, Auburn Manufacturing’s Leonard, “ we’ve, Julianna Keeling, Lou Pektor, “ We’ve, Jennifer Harris, bode Organizations: DC CNN, Maine Department of Economic, Community Development, Auburn Manufacturing, CNN, Auburn Manufacturing Inc, AP, Commerce Department, Fed, P Global, Institute for Supply Management, Alliance for American Manufacturing, PMI, ISM, Labor Department, Auburn, Manufacturers, Fed Companies, National Economic Council, National Security Council Locations: Washington, Maine, Portland, Auburn , Maine, United States, Pointe, Lehigh

☆ Coco Gauff to face Aryna Sabalenka in the US Open final after gutsy win
▼ + stars: | 2023-09-08 | by ( George Ramsay | ) edition.cnn.com time to read: +4 min

“It was a tough match,” Gauff told reporters. I’m just really proud of myself today.”Gauff and Muchová shake hands after their US Open semifinal. A lengthy delay then ensued at the start of the second set after climate protestors in the crowd disrupted play. Keys hit 12 winners as she bageled the Belarusian in the first set and held a 5-3 lead in the second set. Sabalenka reaches for a drop shot against Keys during their US Open semifinal.

Persons: Coco Gauff, Muchová, Serena Williams, ” Gauff, “, I’m, ”, Sarah Stier, Arthur Ashe, Gauff, Iga Świątek, ’ Gauff’s, Keys, Sabalenka, Charles Krupa, ” Sabalenka, I’ll Organizations: CNN, Czech, American Madison Keys, US, Muchová, French Locations: Belarusian, Friday’s

☆ Coco Gauff v. Karolina Muchova match: Climate protesters halt US Open women's semifinal
▼ + stars: | 2023-09-07 | by ( Jacob Lev | ) edition.cnn.com time to read: +1 min

CNN —Thursday’s US Open women’s semifinal between Coco Gauff and Karolina Muchova was halted in the second set after what appeared to be protesters in the crowd disrupted play in New York. Charles Krupa/APGauff and Muchova had left the court during the pause, then returned and play eventually resumed after more than a 45-minute delay. Four protesters were involved, and three of them “were escorted out of the stadium without further incident,” according to a statement from the US Tennis Association on Thursday night. USTA executive Stacey Allaster told the ESPN broadcast: “There’s no doubt in a 24,000-seat stadium, hopefully, people don’t get ideas. Certainly, security will be resuming – along with NYPD – to see what we can do to prevent it in the future.”

Persons: CNN —, Coco Gauff, Karolina Muchova, “, –, Arthur Ashe, Charles Krupa, Muchova, Stacey Allaster, ” Organizations: CNN, ESPN, New York, US Tennis Association, USTA Locations: New York

☆ Disney's wildest ride: Iger, Chapek and the making of an epic succession mess
▼ + stars: | 2023-09-06 | by ( Alex Sherman | ) www.cnbc.com time to read: +88 min

Iger told Chapek that he lived for those "two-shower days," according to people familiar with the conversation. In January 2020, Iger told Chapek the plan was back on. During his 27 years at the company, Chapek had only attended one annual meeting — as a guest in the audience. Bob Iger, Disney CEO, during a CNBC interview, Feb. 9, 2023. WATCH: Disney CEO Bob Iger's exclusive July 2023 CNBC interviewTake the 'A'During Chapek's tenure as CEO, Disney lost more than a quarter of its market value.

Persons: Elham, Bob Iger, Bob Chapek, Iger, wasn't, Chapek, Michael Eisner, —, who's, he's, Clint Eastwood, Eastwood, Arthur Bochner, Jackie Hart, Kareem Daniel, Chapek —, Eisner, Michael Ovitz, Ovitz, Bob, Disney's, Kevin Mayer, Mayer, Bryan van der Beek, he'd, Tom Staggs, Staggs, Staggs —, Steve Jobs, cajoled Ike Perlmutter, George Lucas, Rupert Murdoch, Iger's, Susan Arnold, Arnold, Peter Rice, David Paul Morris, Rice, CNBC's Julia Boorstin, Mark Parker, Mary Barra, Michael Froman, Willow, Parker, John Donahoe, Roy Disney, Walt Disney, Stanley Gold, David A, CNBC Eisner, Big Bob, Little Bob, Christine McCarthy, Patrick T, He'd, McCarthy, Iger —, Coronavirus, Gavin Newsom, Michael Kovac, curtly, Nancy Pelosi, Chuck Schumer, Ben Smith, Smith, Disney, Randy Shropshire, Agnes Chu, Ricky Strauss, Chu, Strauss, Kevin Feige, Kathleen Kennedy, Who's, Alan Bergman, Bergman, Bob Kyncl, Daniel —, Iger didn't, Daniel rankled, Daniel, Chapek didn't, James Pitaro, Jesse Grant, CNBC Chapek, Jimmy Pitaro, Zenia Mucha, didn't, Mucha, Barbara Walters, Charles Eshelman, Scarlett Johansson, Scarlett Johansson —, Florence Pugh, Natasha, Yelena, " Johansson, Bryan Lourd, Johansson, Lourd, Steven Spielberg, Al Michaels, David Muir, Robin Roberts, Michael Strahan, Spielberg, Geoff Morrell, Alan Braverman, Alan Horn, Jayne Parker, Bochner, Claire Lee, Paul Richardson, Josh D'Amaro, Ron DeSantis, Morrell, Disney Animation —, George Floyd, Reba Saldanha, Reuters Chapek, DeSantis, Nicholas Maldonado, Octavio Jones, Chapek she'd, we're, " Morrell, CNN's Chris Wallace, Kristina Schake, John Skipper, Daniel steamrolled, Latondra Newton, Newton, Charles Krupa, Pitaro, NBCUniversal's Peacock, Dana Walden, Thomas Murphy, Josh Kushner, Privately, Schake, Barack Obama, Michelle Obama, Michelle Obama's, David Dee Delgado, Kara Swisher, hadn't, Netflix's, overhiring, McCarthy hadn't, Safra Catz, Kareem, DMED, Horacio Gutierrez, Justin Warbrooke, Alexia Quadrani, Bryan Castellani, Michael Buckner, Quadrani, Lindsay Lohan, Winnie, Nelson Peltz, Catz, Donald Trump's, they'd, Walden, Gutierrez, D'Amaro, Rich Polk, Walden he'd, Iger she'd, Mickey Mouse, Mark Rightmire, haven't, Indiana Jones, Halle Bailey, Ariel, Hamilton Faber, Rich Greenfield, Bob Iger's, — Mayer, McCarthy —, doesn't, they'll Organizations: Disney, Marvel, CNBC, Bloomberg, Getty, Walt Disney, Indiana University, Michigan State University, Shanghai Disney, Man, Hong Kong Disneyland, Walt Disney Parks, Resorts, Pixar, Fox, Chapek, Nike, General, Mastercard, Foreign Relations, University of Pennsylvania, Grogan, Disney's, Fallon, ABC, ESPN, ABC News, California Gov, New York Times, Disney confidants, Hollywood, Marvel Studios, Lucasfilm, Walt Disney Television, Walt Disney Studios, Hulu, HBO Max, Walt Disney Company, YouTube, Companies, Netflix, Apple, Disney Media, Entertainment, Stanford, Rights, Junior, petulant, Filmmagic, Brunswick Group, Covid, CAA, onetime Defense Department, Century Fox, Human, Florida Gov, Republican, Disney Animation, Reuters, Human Rights, HRC, Walt Disney World, Employees, American Foundation for Equal Rights, AP, Amazon Prime, Paramount, South Pacific, Capital Cities, Dow Jones, CVS, Kingdom, Variety, Trian Partners, Charter Communications, U.S, Comcast, Charter's, MediaNews, Orange, Allen, Co, Candle Media, Advisors Locations: Burbank , California, Midwestern, Brentwood, Los Angeles, Westlake Village, Iger, Hammond , Indiana, Shanghai, China, Hong, Fox, Willow Bay, Raleigh , North Carolina, Orlando, U.S, Hulu, Iger's Brentwood, coronavirus, Brunswick, Hollywood, Hawaii, Disney's, Marvel's, Anaheim , California, Montana, Florida, Rye , New Hampshire, Chapek, Hong Kong, California, missteps, South, DMED, Burbank, New York, India, Atlantic, Sun Valley , Idaho, America

☆ He Eats Innings, Surrenders Runs and Loses Games—Which Makes Him Very Valuable
▼ + stars: | 2023-08-13 | by ( Lindsey Adler | ) www.wsj.com time to read: 1 min

He Eats Innings, Surrenders Runs and Loses Games—Which Makes Him Very Valuable By taking the ball every five days and working deep into the game, the Royals’ Jordan Lyles is an example of a lost breed that helps his team win in the long run by losingKansas City Royals pitcher Jordan Lyles has a 6.13 ERA in 22 game starts and over 126 innings this season, with a win-loss record of 3-13. Charles Krupa/Associated Press

Persons: Jordan Lyles, Charles Krupa Organizations: Royals, Kansas City Royals, Associated

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 7, 2023. The consumer price index (CPI) dropped in the world's second-largest economy, the National Bureau of Statistics said, its first decline since February 2021. Of the 443 S&P 500 companies that have reported results as of Tuesday, 78.6% beat analyst expectations, according to Refinitiv data. Declining issues outnumbered advancing ones on the NYSE by a 1.18-to-1 ratio; on Nasdaq, a 1.63-to-1 ratio favored decliners. The S&P 500 posted 16 new 52-week highs and 7 new lows; the Nasdaq Composite recorded 60 new highs and 178 new lows.

Persons: Brendan McDermid, Jason Krupa, Patrick Harker, Gina Bolvin, Wells, Penn Entertainment's, Walt Disney's, Uber, Krupa, Echo Wang, Bansari Mayur Kamdar, Johann M, Shounak Dasgupta, David Gregorio Our Organizations: New York Stock Exchange, REUTERS, Penn Entertainment, Dow, Nasdaq, Consumer, Index, Lenox Advisors, New York Federal Reserve Bank, Philadelphia Fed, Bolvin Wealth Management Group, Traders, FedWatch, Wall, Nvidia, Apple, National Bureau of Statistics, Dow Jones, Bank of America, Casino, Walt, Walt Disney's ESPN, NYSE, Thomson Locations: New York City, U.S, Boston, New York, Bengaluru

The Consumer Price Index (CPI) for July, due on Thursday, is expected to show a slight acceleration from last year. The consumer price index (CPI) dropped in the world's second-largest economy, the National Bureau of Statistics said on Wednesday, its first decline since February 2021. According to preliminary data, the S&P 500 (.SPX) lost 31.47 points, or 0.70%, to end at 4,467.91 points, while the Nasdaq Composite (.IXIC) lost 162.31 points, or 1.17%, to 13,723.96. Six of the top 11 S&P 500 sectors rose, with energy stocks (.SPNY) leading the gain. Of the 443 S&P 500 companies that have reported results as of Tuesday, 78.6% beat analyst expectations, according to Refinitiv data.

Persons: Brendan McDermid, Jason Krupa, Patrick Harker, Gina Bolvin, Michelle Bowman, Wells, Penn Entertainment's, Walt Disney's, Uber, Krupa, Echo Wang, Bansari Mayur Kamdar, Johann M, Shounak Dasgupta, David Gregorio Our Organizations: New York Stock Exchange, REUTERS, Penn Entertainment, Dow, Nasdaq, Lenox Advisors, New York Federal Reserve Bank, Philadelphia Fed, Bolvin Wealth Management Group, Traders, FedWatch, Wall, Nvidia, Apple, Index, Bank of America, National Bureau of Statistics, Dow Jones, Casino, Walt, Walt Disney's ESPN, Thomson Locations: New York City, U.S, Boston, New York, Bengaluru

The beat was underpinned by much lower-than-expected "cost of risk" - money set aside for failing loans - of 166 million euros. Analysts had expected 430 million euros. Dubbed a "year of transition" by Krupa's predecessor Frederic Oudea, 2023 is also marked by a severe downturn at SocGen's French retail banking division, fresh from a merger of its two local networks. The second quarter was also affected by negative exceptional items of 240 million euros, which Credit Suisse analysts said were tied to "legacy legal disputes". Retail banking outside France fared better, as did SocGen's car leasing division ALD Automotive (ALDA.PA), whose sales jumped by more than 17% thanks to the acquisition of rival LeasePlan.

Persons: Gonzalo Fuentes, Krupa, Slawomir Krupa, France's, Jefferies, Frederic Oudea, Intesa, LeasePlan, SocGen, Mathieu Rosemain, Augustin Turpin, Ingrid Melander, Mark Potter Organizations: Societe Generale, La Defense, REUTERS, Royal Bank of Canada, European Central Bank, Credit Suisse, Retail, ALD Automotive, Thomson Locations: French, Courbevoie, Paris, France, PARIS, Russia

☆ SocGen beats second quarter estimates on cost control, car leasing unit
▼ + stars: | 2023-08-03 | by ( ) www.cnbc.com time to read: +1 min

Societe Generale , France's third-biggest listed bank, reported better-than-expected quarterly earnings on Thursday, as cost management and a strong growth of its car leasing division alleviated a steep fall in margins at its retail branch. SocGen reported a 900 million-euro, or $984 million, group net income for the three months-period ending in June, above the average analyst estimate compiled by the company of 670 million euros. The beat was also underpinned by lower-than-expected "cost of risk" — money set aside for failing loans — of 166 million euros in the second quarter, while the markets expected more than twice that figure, or 430 million euros. "The cost of risk was very low, reflecting the quality of our origination and our loan portfolio," said Chief Executive Slawomir Krupa, who was unveiling his first quarterly results in his new role. The bank, which confirmed its full-year objectives, didn't mention longer-term targets, as all eyes are now set on Sept. 18, when Krupa and his new executive team will present a strategic plan.

Persons: Slawomir Krupa, Krupa Organizations: Generale Locations: Russia

☆ Societe Generale returns to profit, but comes under pressure in its home market
▼ + stars: | 2023-08-03 | by ( Silvia Amaro | ) www.cnbc.com time to read: +1 min

Societe Generale returned to profit in the second quarter of this year, but lower revenues in France and broader global banking challenges dragged down its performance. However, revenues in French retail banking dropped by 13.6% from a year ago, off the back of lower net interest margins — a crucial indicator of banks' profitability. Revenues in the global banking division fell by 7.3% on lower volumes and weaker volatility. Fixed income and currencies (FIC) activities were down by 18.4%, "amid less conducive market conditions due to weaker interest rate and currency volatility," the bank sad in a statement. Group revenues contracted due to the decline in the net interest margin in France and in market activities' revenues against a backdrop of gradual normalisation after some particularly favourable years."

Persons: Slawomir Krupa Organizations: Generale Locations: France, Russia

Rudolph “Rudy” Farias IV, 25, returned home March 8, 2015, one day after he was reported missing, Lt. Christopher Zamora said in a news conference. While Houston officers had interacted since then with Farias and his mother, both provided fake names and dates of birth, misleading officers, he said. His mother “continued to deceive police by remaining adamant that Rudy was still missing,” he said. A billboard put up in the search for Rudy Farias is seen in this file photo. At times, other people saw Farias, Zamora indicated.

Persons: CNN —, Rudolph “ Rudy ” Farias, Christopher Zamora, Farias, “, Rudy, ”, ” Zamora, We’ll, Rudy Farias, KTRK “, Janie Santana, Zamora, Santana “ Organizations: CNN, Houston, Houston Police, Texas Center, KHOU, Police, Protective Services, Victim’s Services, FBI, National Center for Locations: Texas, Houston

☆ Alexis Ohanian and Serena Williams are building a mini-sports empire in Los Angeles
▼ + stars: | 2023-06-08 | by ( Vishal Persaud | ) www.businessinsider.com time to read: +4 min

Alexis Ohanian and the Williams sisters have bought another sports team to bring to Los Angeles. Ohanian and the Williams sisters are the first to buy a TGL golf league team. Ohanian is already the principal owner and founding investor of LA's National Women's Soccer League team, Angel City FC. Alexis Ohanian said in a tweet that their daughter Olympia is also a co-owner of the new golf team. A rendering of the TGL golf league venue in Florida.

Persons: Alexis Ohanian, Williams, Tiger Woods, Rory McIlroy, Ohanian, Serena Williams, Venus, Eva Longoria, Jessica Chastain, Christina Aguilera, Charles Krupa, Woods, McIlroy, Mike McCarley, McIIroy, Justin Thomas, Jon Rahm, LIV Golf, LIV, Phil Mickelson, Brooks Koepka, There's, LIV Golf's Organizations: TGL, Angel City FC, Morning, Los Angeles Golf Club, NFL, MLB, NBA, NHL, MLS, Seven, Los, LA's, Women's Soccer League, Williams, Serena Ventures, TMRW Sports, PGA, NBC Sports, Golf, PGA Tour, Tour, Masters Locations: Los Angeles, Angeles, Olympia, Palm Beach , Florida, Florida, Saudi Arabia

☆ Alexis Ohanian and Serena Williams are building a mini-sports empire with a new golf team that's part of a league created by Tiger Woods and Rory McIlroy
▼ + stars: | 2023-06-08 | by ( Vishal Persaud | ) www.businessinsider.com time to read: +4 min

It's the first team for TGL, a new pro golf league established by Tiger Woods and Rory McIlroy. The couple, along with Williams' sister Venus, have bought the first golf team for TGL, a new league developed by golf greats, Tiger Woods and Rory McIlroy. Ohanian and the Williams sisters are the first to buy a TGL golf league team. Alexis Ohanian said in a tweet that their daughter Olympia is also a co-owner of the new golf team. A rendering of the TGL golf league venue in Florida.

☆ As Older TikTok Creators Flourish, Brands Are Signing Them Up
▼ + stars: | 2023-06-03 | by ( Julie Weed | ) www.nytimes.com time to read: +2 min

The work is lucrative, Ms. Tan said, and she isn’t planning to stop anytime soon. Besides saving for her later years, Ms. Tan said, she is paying a mortgage and college tuition for a younger child. As of mid-April, the listing had only about 2,700 entries for people 60 or older, he said, and just 174 of those had a TikTok account. Creators who are paid can make anything from a few hundred dollars to tens of thousands to produce content advertising a brand. The money Ms. Krupa has earned for her handful of sponsored videos covers only “fun” items like plants, lottery tickets and clothes, according to her grandson, who manages her TikTok account.

Persons: Tan, “, ”, Kevin Creusy, Creusy, Krupa Organizations: ”

☆ SocGen beats estimates as bond trading offsets retail banking slump
▼ + stars: | 2023-05-12 | by ( ) www.cnbc.com time to read: +1 min

General view of the logo outside a branch of French bank Societe Generale in Paris. French bank Societe Generale posted better than expected quarterly earnings on Friday after turmoil in bond and currency markets boosted its trading business. The trading windfall cushioned a slump in SocGen's French retail division, where earnings were curbed by stricter interest rate caps on mortgages and other loans. "Performance is tracking well in all the divisions, but the main issue is French retail," JPMorgan said in a note to clients. "We think the market will focus on French NII (net interest income), taking the shares down," it said.

☆ Netflix is ending its DVD-rental service after 25 years. Here's how the company grew into a Hollywood disruptor with over 230 million subscribers.
▼ + stars: | 2023-04-18 | by ( Travis Clark | Will Gendron | ) www.businessinsider.com time to read: 1 min

1998: Netflix launches a DVD-by-mail rental service. That same year, Amazon founder and former CEO Jeff Bezos offers to buy the company. Charles Krupa/APIn his book "That Will Never Work: The Birth of Netflix and the Amazing Life of an Idea," Randolph wrote that he and Hastings met with Bezos in 1998, who offered them "probably something between $14 million and $16 million," Randolph wrote. But they turned down the offer.

☆ Eiffage CEO de Ruffray put forward as SocGen board candidate
▼ + stars: | 2023-03-10 | by ( ) www.reuters.com time to read: +1 min

PARIS, March 10 (Reuters) - Societe Generale (SOGN.PA) said on Friday that its board will propose that shareholders elect Eiffage (FOUG.PA) Chief Executive Officer Benoit de Ruffray as an independent board director at its general meeting in May. Three other board appointments will be put to the vote at the meeting on May 23. If elected by SocGen's shareholders, the four new board members will replace outgoing CEO Frederic Oudea, Kyra Hazou, Gerard Mestrallet and Juan Maria Nin Genova. These board appointment proposals come on the heel of a top management reshuffle proposed by Krupa, who is also set to formally take the reins of the French lender on May 23. Reporting by Mathieu Rosemain; Editing by Sharon SingletonOur Standards: The Thomson Reuters Trust Principles.

The reported group net income for the three months ending in December came at 1.16 billion euros ($1.24 billion), beating the analyst consensus of 834 million euros provided by Visible Alpha. SocGen's quarterly net income was however 35% lower than the same period a year ago, as the bank's hiked provisions for failing loans, which increased by close to fivehold to 413 millions in an uncertain economic environment. Group revenues were up by 4% to 6.89 billion euros in the fourth quarter, also beating the Visible Alpha consensus. Like its bigger French rival BNP Paribas(BNPP.PA), SocGen is enjoying higher revenues from debt and trading in volatile markets. It plans a 440 million-euro share buyback in 2023, on top of a cash dividend of 1.70 euro per share.

☆ Parental leave is the greatest benefit workers don't take
▼ + stars: | 2022-12-14 | by ( Rebecca Knight | Shana Lebowitz | ) www.businessinsider.com time to read: +8 min

The share of US workers who have access to family leave, including parental leave, is increasing. Like many women, Amanda Krupa took less parental leave than she was allowed in order to protect her career and income. The rate of women taking maternity leave hasn't changed since the '90sThe US is the only industrialized country that doesn't guarantee paid parental leave. Some employers offer short-term-disability insurance to help cover workers' parental leave, but it doesn't always replace all wages. Today, all employees there are eligible for 16 weeks of paid parental leave.

☆ Michael Jordan: The NBA has renamed its MVP trophy after the Bulls great
▼ + stars: | 2022-12-13 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +15 min

Andrew D. Bernstein/NBAE/Getty Images Jordan poses for a Little League Baseball photo in the late 1970s. Ken Levine/Getty Images Jordan famously shrugs his shoulders after hitting another 3-pointer during the 1992 NBA Finals versus Portland. "There is a reason you call someone the Michael Jordan of ... neurosurgery, or the Michael Jordan of rabbis, or the Michael Jordan of outrigger canoeing. Chip Somodevilla/Getty Images Jordan continues to promote Nike's Jordan Brand across the world. Jordan Brand/Getty Images Jordan cries at the Kobe Bryant memorial in Los Angeles in February 2020.

☆ SocGen’s BNP envy carries a cost
▼ + stars: | 2022-11-22 | by ( Liam Proud | ) www.reuters.com time to read: +3 min

It mimics BNP Paribas’s (BNPP.PA) deal with European peer Exane, which the French group took over last year. SocGen research analysts cover around 500 mostly European stocks, according to JPMorgan, compared with AllianceBernstein’s more international coverage of roughly 800 companies. Second, the venture makes the French bank’s equities business less reliant on derivatives and structured products, which led to heavy losses in 2020. Trading cash equities and selling research typically chews up much less capital and leads to fewer blow-ups. And the wider equities trading business is increasingly dominated by larger players, especially U.S. banks.

☆ SocGen profit tops forecast but France lags
▼ + stars: | 2022-11-04 | by ( ) www.cnbc.com time to read: +2 min

This photo, taken on October 28, 2019, shows the logo of the Societe Generale bank, in Ouistreham, Normandy, France. Societe Generale , France's third-biggest listed bank, joined European rivals in posting a higher than expected net income in the third quarter as market volatility boosted trading revenues. SocGen, which has appointed the head of its investment banking division as its new CEO from May 2023, said net income had come in at 1.5 billion euros ($1.46 billion)- well above a Refinitiv consensus forecast of 1 billion euros. The beat was driven by a 12% increase in Global Markets revenues, led by thriving trading in fixed income and currencies. The bank, which has seen a series of high-profile departures in recent weeks, said on Thursday it had appointed a new chief of risk.

☆ Société Générale Names New Chief Risk Officer
▼ + stars: | 2022-11-03 | by ( Mengqi Sun | ) www.wsj.com time to read: +2 min

Société Générale SA promoted a veteran banker to be its new group chief risk officer, as the French bank continues to navigate geopolitical uncertainties in Europe and a possible economic slowdown. Stéphane Landon, who has been Société Générale’s deputy chief risk officer since October 2020, will become the chief risk officer on Dec. 1, the bank said Thursday. He will succeed Sadia Ricke, who is leaving the bank at the end of this month to become the chief risk officer at Standard Chartered PLC in London. He served as Société Générale Americas’ chief financial officer in New York between 2018 and 2020, before taking the risk-officer position. He previously led the bank’s Americas business and worked on key market functions for Société Générale, including securitization and leveraged finance.

☆ Walmart's mission to offer accessible healthcare has been slow going. But as competition heats up from Amazon, it has developed these 5 strategies to disrupt the lucrative industry.
▼ + stars: | 2022-10-17 | by ( Ben Tobin | ) www.businessinsider.com time to read: +9 min

The company has made several big moves on telehealth, clinics healthcare research, and more. The Bentonville, Arkansas-based retailer announced in October the launch of the "Walmart Healthcare Research Institute," an institute geared toward helping underserved communities participate in clinical research. But Walmart has still faced significant challenges, from major leadership departures to a slower than expected rollout of healthcare clinics. Rolling out healthcare clinics nationwideA Walmart Health center. Launching a research institute for clinical trial participationWalmart is seeking to bolster clinical trial participation with its new healthcare research institute.

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