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☆ Why former Goldman Sachs partners say they left the firm
▼ + stars: | 2023-09-20 | by ( Dakin Campbell | ) www.businessinsider.com time to read: +23 min

Goldman Sachs partners are leaving — some 202 during David Solomon's five years as CEO by Insider's calculation. In particular, before Solomon, Goldman nurtured many fiefs and then spread the wealth from the most successful ones across the firm. Of the former Goldman executives that Insider interviewed, here are the most cited reasons they gave for leaving Goldman. When both men struggled, senior partners left, and Goldman stumbled in its efforts to wind down its balance-sheet investments. Goldman Sachs partners are paid well by any standard: $950,000 in base salary and often multiples of that in annual bonuses.

Persons: Goldman Sachs, David Solomon's, Solomon, Goldman, David Solomon, John Waldron, Goldman's, Adebayo Ogunlesi, Mike Mayo, Andrew Toth, Devin Ryan, Ryan, Waldron, Tony Fratto, Mike Blake, Eric Lane, Julian Salisbury, Lane, Luke Sarsfield, Sarsfield, Marc Nachmann, he's, Fratto, Stephanie Cohen, Cohen, Kathy Ruemmler, Charles Dharapak, Barack Obama's, Kenneth Lay, Jeffrey Skilling, Ruemmler, Unbeknown, Jeffrey Epstein, dealmaking, David S, Holloway, Mayo, David doesn't, GreenSky, Brendan McDermid, It's, Alison Mass, Hank Paulson, Russell Horwitz, David, it's, Emmalyse Brownstein Organizations: Wall, JPMorgan, Wells, Wells Fargo Securities, Investors, Goldman, AWM, Sarsfield, BAE Systems, Justice Department, Street Journal, Bloomberg, Employees, Partners, Federal Reserve, United Capital Financial Partners, Reuters, GreenSky Locations: New York, Wells Fargo, Salisbury, Manhattan, Texas, Plano, London, Paris, Chicago

MILAN (AP) — A hush fell over the Fendi runway as the front-row filled with supermodels signaling the show was about to begin: Naomi Campbell, Linda Evangelista and Kate Moss had taken their seats. Kim Jones’ Spring-Summer 2024 collection for Fendi unveiled during the first day of Milan Fashion Week on Wednesday was a twist on knitwear, anchored by leather. The first look set the tone: A form-hugging color-block knit dresses in mocha, baby blue, salmon and ivory, with a double sash trailing at the waist lending drama and movement. Slinky, clinging monochrome knit dresses had peekaboo cutouts. A chunkier ribbed knit gave a chenille-soft appearance in a long jacket and skirt with a healthy front slit.

Persons: Naomi Campbell, Linda Evangelista, Kate Moss, Kim Jones, Fendi, Knitwear, trop, Jones —, Karl Lagerfeld, —, Demi Moore, Cristina Ricci, Gwendoline Christie, Naomi Watts Organizations: MILAN, Fendi Locations: Milan, mocha

☆ Insider Today: Ex-Goldman partners dish
▼ + stars: | 2023-09-20 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

This post originally appeared in the Insider Today newsletter. In today's big story, former Goldman Sachs partners explain what led them to leave their prestigious positions within the bank. A recent Insider investigation by Dakin Campbell and Emmalyse Brownstein found that at least 202 partners have left the firm during CEO David Solomon's volatile five-year tenure. And while Solomon's strategic missteps were a key talking point for many, not all the former partners bashed the CEO. The Insider Today team: Dan DeFrancesco, senior editor and anchor, in New York City.

Persons: Goldman Sachs, it's, Goldman, David Solomon, Dakin Campbell, Emmalyse Brownstein, David Solomon's, Dakin, It's, Julian Salisbury, Dina Powell McCormick, Fred Baba, Solomon, Lloyd Blankfein, Apoorva Mehta, Instacart, Daniel Sundheim, Michael Moritz, Here's, Instacart's, Beck, Apoorva, Mehta, Tyler Le, Steve Squeri, Squeri, AEW, Tony Khan, Lauren Boebert, Anna Moneymaker, General Merrick Garland, Kim Kardashian, General Mills, Getty, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, D1 Capital Partners, Sequoia, Getty, Sequoia Capital, Northwestern Mutual Wealth Management's, American Express, Wrestling, WWE's, Fed, U.S, FedEx, General Locations: Wall, Silicon, What's, —, ChatGPT, Cerebral, Colorado, Mostar, Bosnia, Herzegovina, Greece, Bulgaria, Moldova, New York City, San Diego, London, New York

☆ Burberry's London runway show dominated by padded bags and blue-soled heels
▼ + stars: | 2023-09-18 | by ( Suban Abdulla | ) www.reuters.com time to read: +3 min

[1/4] Models present creations at the Burberry catwalk show during London Fashion Week in London, Britain, September 18, 2023. REUTERS/Hollie Adams Acquire Licensing RightsLONDON, Sept 18 (Reuters) - Burberry's (BRBY.L) Daniel Lee on Monday unveiled new accessories and a colourful take on British heritage in his second collection showing at London Fashion Week. The 37-year-old creative director's spring-summer 2024 collection, a highlight of London Fashion Week, introduced interlink chain prints and a new vibrant "Knight Blue" colour. Silhouettes on Monday's catwalk were elongated and accessorised with padded bags in khaki as well as leather structured bags in red, white and green. The designer is tasked with expanding Burberry's leather goods and accessories offerings.

Persons: Hollie Adams, Daniel Lee, Lee, Bradford, Jonathan Akeroyd's, Riccardo Tisci, Edward Enninful, Jodie Comer, Kylie Minogue, Naomi Campbell, Suban Abdulla, William Maclean Organizations: Burberry, London, REUTERS, Monday, London Fashion, Bond, Vogue, Arsenal, England, Bukayo, Thomson Locations: London, Britain, Highbury Fields, North London

☆ Agility Robotics is opening a humanoid robot factory, beating Tesla to the punch
▼ + stars: | 2023-09-18 | by ( Lora Kolodny | ) www.cnbc.com time to read: +3 min

Agility Robotics is wrapping up construction of a factory in Salem, Oregon, where it plans to mass-produce its first line of humanoid robots, called Digit. The 70,000 square-foot facility, which the company is calling the "RoboFab," is the first of its kind, according to Damion Shelton, CEO and co-founder of Agility Robotics. For now, though, Agility Robotics is focused on the installation and testing of its first production lines. Matt Ocko, managing partner at DCVC and an investor in Agility, told CNBC that Digit should "fill millions of unmet roles that human beings don't want." At the same time, he emphasized, Agility Robotics has designed its humanoid robots to work safely and autonomously as a "robotic co-worker."

Persons: Damion Shelton, Aindrea Campbell, Campbell, that's, Optimus, Shelton, crouch, Agility's, Matt Ocko Organizations: Agility Robotics, Ford, CNBC, Robotics, DCVC, Playground Global Locations: Salem , Oregon

☆ WSL confident of becoming first billion pound women's soccer league
▼ + stars: | 2023-09-18 | by ( Christian Radnedge | ) www.reuters.com time to read: +4 min

Soccer Football - Women's Super League - Reading v Chelsea - Madejski Stadium, Reading, Britain - May 27, 2023 Chelsea's Magdalena Eriksson celebrates with the trophy and team mates after winning the Women's Super League Action Images via Reuters/John Sibley/File Photo Acquire Licensing RightsLONDON, Sept 18 (Reuters) - England's Women's Super League is confident of becoming the first billion pound ($1.24 billion) women's soccer league in the world within 10 years, the chair of the WSL's board said ahead of the new season that begins next month. "One of the stated goals that we have is to make this league the first billion pound women's league in the world, that is league revenue and club revenue and there's no reason why we shouldn't do it," Airey told reporters at a launch day for the new WSL season in north west London. LOWER LEAGUESAirey also said they wanted a close relationship with the lower leagues and to avoid a revenue-governance split like the one between the men's Premier League and the lower tiers of the English Football League. The WSL will negotiate a new deal once the Premier League has agreed its new TV rights package, to avoid clashing publicity, Airey said. "The reality is the infrastructure isn't there in many of the women's games, so you're talking about a huge investment.

Persons: Chelsea's Magdalena Eriksson, John Sibley, Dawn Airey, Airey, Sue Campbell, we've, Dawn, Campbell, Christian Radnedge, Ken Ferris Organizations: Soccer, League, Reading, Chelsea, Madejski, The Football Association, men's Premier League, English Football League, BBC, Sky Sports, Premier League, Women's Football, FIFA, Saudi, Thomson Locations: Reading, Britain, London, Saudi, Saudi Arabia

SEATTLE (AP) — The Los Angeles Dodgers clinched the NL West title for the 10th time in 11 seasons with a 6-2 win in 11 innings over the Seattle Mariners on Saturday night. Evan Phillips (2-4) pitched the 10th inning and Joe Kelly got the final three outs. There was debate before the season if San Diego might be ready to take over the NL West from the Dodgers after its heavy offseason spending. After nine scoreless innings of terrific pitching on both sides, each team got a key at-bat from a pinch-hitter in the 10th. KERSHAW RETURNSClayton Kershaw pitched four innings in his return to the mound for the Dodgers following an extended rest between starts.

Persons: Max Muncy’s, Gabe Speier, Mookie Betts, Chris Taylor, Kike Hernández, Isaiah Campbell, Evan Phillips, Joe Kelly, Dave Roberts, Kolten, Mike Ford, Josh Rojas, Crawford, Julio Rodríguez, KERSHAW, Clayton Kershaw, Kershaw, Emmet Sheehan, Sheehan, Ty France, Bryce Miller, Jason Heyward, Rodríguez, Betts, Heyward, Gavin Stone, Logan Gilbert, Gilbert, ___ Organizations: SEATTLE, Los Angeles Dodgers, NL, Seattle Mariners, Dodgers, Dodger, Seattle, ” Dodgers, Mariners, AL West, Houston, Rangers, SEATTLE’S, NEXT Dodgers, Angels Locations: San Diego, Angeles, Both Texas, Los Angeles

☆ Abortion: These Virginia candidates could shape how both parties talk about abortion in 2024
▼ + stars: | 2023-09-16 | by ( Simone Pathe | ) edition.cnn.com time to read: +13 min

Every seat in both the GOP-led state House and the Democratic-controlled state Senate is up for election. People sign a poster that reads "Elect More Women" during the Democratic rally in Glen Allen, Virginia, on September 9, 2023. Virginia House Democrats have run an ad highlighting nearby states’ stricter abortion laws and featuring a comment by a state House Republican candidate during the primaries that he would support a “100% ban” on abortion. “The Dobbs decision completely changed what Virginia voters are thinking about,” Mamie Locke, the chair of the Virginia Senate Democratic Caucus, said in a phone interview last month. Susanna Gibson, the Democratic nominee for Virginia House District 57, speaks to the crowd during the rally in Glen Allen, Virginia, on September 9, 2023.

Persons: Glen, Sen, Siobhan Dunnavant, Schuyler VanValkenburg –, –, Glenn Youngkin, Sue Geller, Schuyler VanValkenburg, Tim Kaine, Rebecca Wright, ” VanValkenburg, Roe, Wade, “ There’s, ” Virginia Sen, Abigail Spanberger, Donald Trump, Kaine, CNN Kaine, Mark Warner, Joe Biden, Biden, Dunnavant, – she’s, shouldn’t, “, Dobbs, ” Dunnavant, Ronna McDaniel, Mitch McConnell –, ” Liesl Hickey, Tammy Campbell isn’t, Glen Allen, ” “, ”, VanValkenburg, It’s, Campbell, we’re, ” Campbell, ’, “ MAGA, ” Mamie Locke, Scott Kozar –, VanValkenburg’s –, Eric Cantor, Dave Brat, Arnold Palmers, Susanna Gibson, CNN Gibson, CNN she’s, Gibson, David Owen, homebuilder, Owen, I’m, ” Owen Organizations: Virginia CNN, GOP, Republican, broach, OB, Democratic, GOP Gov, CNN, Democratic Rep, Democratic National Committee, Festival of India, Greater, Greater Richmond Convention, Virginia Senate, Festival of, Washington Post, Schar, Virginia voters, Republicans, Virginia, Democrats, “ MAGA Republicans, Virginia Democrats, Virginia Senate Democratic Caucus, “, Virginia House District, Richmond Times, Dispatch Locations: Glen Allen, Virginia, Henrico County , Virginia, Richmond, “, Del, Glen Allen , Virginia, Roe , Virginia, Southern, Greater Richmond, Festival of India, Richmond , Virginia, Washington, Richmond want Virginia, Ohio, Spanberger

☆ Vogue World: Stars flock to Britain’s answer to the Met Gala
▼ + stars: | 2023-09-15 | by ( Nicole Mowbray | ) edition.cnn.com time to read: +6 min

London, UK CNN —It was billed as Britain’s answer to the Met Gala, and last night’s inaugural “Vogue World” at the Theatre Royal on London’s Drury Lane didn’t disappoint. Vianney Le Caer/Invision/APActress and singer Dove Cameron went back to the future in a shiny silver suit and matching bikini top. Vianney Le Caer/Invision/Vianney Le Caer/Invision/APThe late Queen Elizabeth II's granddaughter, Princess Eugenie, looked elegant in an emerald silk dress by Fendi. Vianney Le Caer/Invision/APKate Winslet went for casual chic in a loose-fit two-piece white suit with a beige bustier underneath. Vianney Le Caer/Invision/APRita Ora arrived in a black Alaïa mermaid gown sourced from eBay.

Persons: Lane didn’t, Anna Wintour, Edward Enninful —, Sienna Miller, Miller, Beatrice, Eugenie, Richard Quinn, Fendi, Yui Mok, Sadiq Khan, Baz Luhrmann, Kate Winslet, Jared Leto, Jodie Turner Smith, Maisie Williams, Stella McCartney, Christopher Kane, Victoria Beckham, Olivier, Stephen Daldry, John Galliano, Kate Moss, Hongni Wu, Rambert, Stormzy, Sophie Okonedo, Damien Lewis, Cush Jumbo, James Corden, Damian Lewis, James McAvoy, “, Annie Lennox, Naomi Campbell, Cindy Crawford, Linda Evangelista, Christy Turlington, Mike Marsland, AJ Odudu, Robert Wun, Vianney Le Caer, Dove Cameron, Queen Elizabeth II's, Princess Eugenie, Fendi . Vianney Le Caer, Princess Beatrice, David M, Alison Mosshart, Alexa Chung, Nicklas Skovgaard, Anna Shaffer, David Fisher, Carrie Mulligan, Henry Nicholls, Jenna Coleman, Peter Pan, May Jagger, Jerry Hall, Mick Jagger, Vivienne Westwood, Tom Daley, Gemma Chan, Louis Vuitton, Rita Ora, Hollie Adams Organizations: UK CNN, Theatre Royal, US, British Vogue, London, London’s, BAFTA, National Theatre, Royal Opera House, Royal Ballet, Southbank Sinfonia, Rambert, Getty, Rodarte’s, MTV, Model, eBay, Reuters Locations: London, UK, British, Invision, AFP

A Mississippi football player is suing coach Lane Kiffin and the school for racial and sexual discrimination and negligence, saying he was kicked off the team during a mental health crisis. DeSanto Rollins, a defensive tackle from Baton Rouge, Louisiana, filed the lawsuit Thursday in federal court in Oxford, Mississippi, where the school is located. “DeSanto was never removed from the football team and remains on scholarship. Rollins said Kiffin and defensive line coach Randall Joyner urged him last November to enter the transfer portal, but he declined. The complaint states Joyner told Rollins on March 1 that Kiffin wanted to meet with the player.

Persons: Lane Kiffin, DeSanto Rollins, Rollins, “, Kyle Campbell, “ DeSanto, ” Rollins, Carroll Rhodes, Glenn Boyce, General Lynn Fitch, Higher Education Alfred Rankins, Kiffin, Randall Joyner, Josie Nicholson, Joyner, Nicholson, ” Kiffin, wasn’t, ’, I’m, You’re, Ralph D, Russo Organizations: Ole Miss, Rebels, Higher Education, Kiffin, AP Locations: Mississippi, Baton Rouge , Louisiana, Oxford , Mississippi, Hazlehurst , Mississippi, Kiffin , Mississippi

☆ Many Boards Are Playing Catch-Up on ESG and Green Issues
▼ + stars: | 2023-09-14 | by ( Rob Sloan | ) www.wsj.com time to read: +9 min

Other findings were that most believed sustainability efforts had brought real benefits and said ESG engagement with investors had been mostly positive. They also reported that while about half of big companies had ESG targets—many linked to executive compensation—smaller, private companies lagged behind. For public companies investors were most influential, followed by regulators, while directors of private businesses ranked their customers as top with investors in second place. “You had a wind that was giving companies and boards energy, and now you have a countervailing wind of political backlash,” Smith said. Despite those changes, half of respondents believe ESG will continue to be an important driver of their business decisions and strategy.

Persons: aren’t, —, ”, Kristin Campbell, Campbell, “, Alan Smith —, Smith, ” Hilton’s Campbell, ” Smith, ESG, ” Campbell, — hadn’t, Rob Sloan Organizations: Pro, National Association of Corporate, ESG, Hilton Worldwide Holdings, Regency Centers, HSBC, Estates, Sustainable Business, rob.sloan@wsj.com Locations: U.S

BRIGHT BUDDY The Loftie Lamp can employ customizable lighting routines to help you wind down at night and get up more easily in the morning. ONE OFT-OVERLOOKED PERK of working from home? That blinding illumination can bring on a numbing sense of malaise, and even derail your day. “Light exposure of appropriate intensity and the right timing is vital to our health and well-being,” said Shadab Rahman, assistant professor in the Division of Sleep Medicine at Harvard Medical School. Better lights, he says, can improve mood, cognition and even productivity.

Persons: ”, Shadab Rahman Organizations: Sleep Medicine, Harvard Medical School

Sarah Huckabee Sanders signed a law Thursday restricting release of her travel and security records after the Legislature wrapped up a special session marked by a fight to more broadly scale back the state Freedom of Information Act. Sanders sought the security exemptions as the State Police was sued by an attorney and blogger who accused the agency of illegally withholding records about the governor’s travel and security. Supporters of the bill said the governor's higher profile has raised the security risk she and her family faces. The broader exemptions originally sought prompted an outcry from media groups, transparency advocates and some conservatives who said it would create massive holes in the state's open records law. Sanders also signed legislation prohibiting state and local governments from requiring someone to be vaccinated against COVID-19.

Persons: Sarah Huckabee Sanders, Sanders, she's, Donald Trump, ” Sanders, Andrew Collins, ” Collins, Matthew Campbell, Campbell, David Ray, We're, David Couch, ” Couch Organizations: —, GOP, State Police, White, Democratic, Republican, COVID, Legislative Locations: — Arkansas

☆ A Fugitive’s Capture Brings Relief to a Corner of Pennsylvania
▼ + stars: | 2023-09-13 | by ( Campbell Robertson | ) www.nytimes.com time to read: +1 min

After nearly two weeks of combing the cornfields and dense woods of Chester County, Pa., with hundreds of law enforcement officers and a battery of drones, dogs and helicopters, the capture itself took about five minutes. A little after 8 a.m. on Wednesday, in a densely wooded area of South Coventry Township, a team of officers quietly surrounded Danelo Cavalcante, 34, who had broken out of Chester County Prison, where he was being held after he was convicted of murdering his former girlfriend. He was taken by surprise, officials said, and tried to crawl away through the underbrush, but a search dog caught him. “Subject is in custody,” an officer radioed to dispatchers at 8:16 a.m. “Confirmed, subject is in custody.”So ended a manhunt that had unnerved communities all over Chester County, an affluent suburb of Philadelphia, and even rattled people back in Mr. Cavalcante’s home country of Brazil, where he is wanted in connection with a 2017 killing.

Persons: ”, Cavalcante’s Organizations: Prison Locations: Chester County, Pa, South Coventry Township, Danelo, Chester, Philadelphia, Brazil

But for a variety of reasons, those facing serious crimes are most often required to serve their sentences in the United States. Image Danelo Cavalcante Credit... Chester County District Attorney's Office, via Associated PressDid U.S. law enforcement know that a fugitive from Brazil was in the United States? Mr. Cavalcante was wanted in Brazil in connection with the slaying of a man in his small town of Figueiropolis in 2017. Even if Brazil had issued an Interpol notice calling for his arrest, the United States would have had no reason to believe he was living in the United States. People who are tried and convicted of a crime in the United States must serve their time here, with rare exceptions.

Persons: Danelo, Danelo Souza Cavalcante, Cavalcante, ”, Aaron Reichlin, Alejandro Mayorkas, Desiree Rios, Biden, Mayorkas, Saul Martinez, noncitizens, ” Mr, Reichlin, Melnick, Eleni Cavalcante, “, William Stock, Stock Organizations: Department of Homeland Security, Prison, Immigrants, Attorney's, Associated Press, . Immigration, Customs, ICE, American Immigration Council, Homeland Security, The New York Times, ., Mr, Congress, United, Pennsylvania State Police, American Immigration Lawyers Association Locations: Pocopson Township, Pa, Brazil, United States, Pennsylvania, Chester, U.S, Chester County, Washington, Figueiropolis, Pompano Beach, Fla, deportable, Philadelphia

☆ Convicted Murderer Captured After 13-Day Manhunt in Pennsylvania
▼ + stars: | 2023-09-13 | by ( Campbell Robertson | ) www.nytimes.com time to read: +1 min

A convicted murderer who escaped from a Pennsylvania jail and eluded hundreds of law enforcement officers for almost two weeks in quiet, wooded communities outside Philadelphia has been recaptured, the authorities said on Wednesday morning. Officials were expected to release more details later in the morning. The manhunt grew in size and urgency as the days unfolded, becoming especially pressing after Mr. Cavalcante stole a rifle from a garage on the night of Sept. 11. Officials, who had considered him a dangerous fugitive all along, warned that he was “desperate enough” to use the gun. Over the course of the search, Mr. Cavalcante was spotted numerous times, the authorities said, by people in the area and also in the infrared glare of residential security cameras at night.

Persons: Danelo Cavalcante, Cavalcante Locations: Philadelphia, Chester, West Chester, Pa

☆ Pennsylvania Fugitive Now Armed After Stealing Rifle From Garage
▼ + stars: | 2023-09-12 | by ( Campbell Robertson | ) www.nytimes.com time to read: +1 min

The fugitive who has eluded the authorities in Pennsylvania for nearly two weeks after breaking out of jail is now armed, having stolen a rifle from a house, officials said on Tuesday. Seeing the tracks of his prison-issued shoes at the scene of the sighting, officers followed the trail into the woods. A little after 10 p.m., Colonel Bivens said, Mr. Cavalcante saw a garage door that was open. He went inside the garage, where he found a .22 caliber rifle leaning in a corner. The owner of the house was in the garage at the time, and fired several shots at Mr. Cavalcante with a pistol, but Mr. Cavalcante escaped with the rifle.

Persons: Cavalcante, Col George Bivens, Bivens Organizations: Pennsylvania State Police Locations: Pennsylvania

But for rights advocates, Biden's travels were a disappointment, given his administration's vow to prioritize human rights when taking office in 2021. The White House also unveiled a Vietnam Airlines purchase of 50 Boeing 737 Max jets worth $7.8 billion. Rights advocates fear a lack of focus on human rights, while not unexpected, will not only fail to improve conditions in Vietnam and India, but risk worsening them elsewhere. Reporters asked Biden in Vietnam if he was putting U.S. strategic interests above rights and replied: "I’ve raised it (human rights) with every person I met with." "As such, the Biden administration has tended to downplay or avoid human rights discussions," he said.

Persons: Joe Biden's, Biden's, Biden, Carolyn Nash, Narendra Modi's, HRW, Nash, John Sifton, Sifton, Modi, Vietnam's, Kurt Campbell, Campbell, Murray Hiebert, Vietnamese Communist Party Chief Nguyen Phu Trong, Lam, Derek Grossman, David Brunnstrom, Humeyra Pamuk, Don Durfee, Josie Kao Organizations: Vietnam Airlines, Boeing, Max, Amnesty International, Rights, Indian, Bharatiya Janata Party, Rights Watch, Vietnam, Communist Party, U.S, Biden, U.S ., Washington's Center, Strategic, International Studies, Vietnamese Communist Party Chief, RAND Corp, Thomson Locations: Vietnam, India, Washington, Hanoi, U.S, Asia, Pacific, China, Saudi Arabia

Signage is seen at the Consumer Financial Protection Bureau (CFPB) headquarters in Washington, D.C., U.S., August 29, 2020. U.S. District Judge J. Campbell Barker ruled in favor of the groups on Friday, saying the Dodd–Frank Act, which created the CFPB, treats discrimination and unfairness as distinct concepts. The CFPB in March 2022 announced that it would examine consumer financial institutions' practices for illegal discrimination as part of its broader mandate to combat unfair practices. The industry groups said the CFPB unlawfully stretched that mandate to include discrimination, expanding its authority beyond existing fair lending laws. The industry groups argued that the CFPB acted arbitrarily by scrutinizing "disparate impacts" on consumers.

Persons: Andrew Kelly, District Judge J, Campbell Barker, Dodd, Frank, Rob Nichols, Jody Godoy, Andy Sullivan, Mark Porter Organizations: Consumer Financial Protection Bureau, Washington , D.C, REUTERS, Consumer Financial, U.S . Consumer Financial Protection Bureau, American Bankers Association, U.S . Chamber of Commerce, U.S, District Judge, Circuit, Supreme, Commerce, Court, Eastern District of Texas, Thomson Locations: Washington ,, U.S, Texas, Eastern District, New York

[1/2] Hostess Brands "Twinkies" are displayed in a store in the Manhattan borough of New York City, U.S. July 5, 2016. Smucker (SJM.N) said on Monday it will buy Twinkies-maker Hostess Brands (TWNK.O) in a $5.6 billion deal, as major U.S. packaged food companies look to expand their brand portfolios with pandemic-era fortunes dwindling. J. M. Smucker will pay Hostess shareholders $34.25 per share in a cash and stock deal, representing a premium of 54% since the day before the report surfaced. Hostess Brands became an acquisition target after it managed to boost its revenue through price hikes that fueled investor concerns over its prospects with its volume growth consistently declining. Smucker and Hostess deal follows a spree of other deals including that of Campbell Soup's (CPB.N) $2.7 billion deal for Rao's sauce maker Sovos Brands (SOVO.O) and Unilever (ULVR.L) buying premium frozen yogurt brand Yasso in North America.

Persons: Brendan McDermid, Smucker, Campbell Soup's, Hostess, Ding Dongs, Dimpal Gulwani, Ananya Mariam Rajesh, Anirban Sen, Savio D'Souza, Shinjini Organizations: REUTERS, Hostess Brands, Reuters, Hostess, Mills Inc, Mondelez, PepsiCo Inc, Hershey Co, Sovos, Unilever, Hos, Thomson Locations: Manhattan, New York City, U.S, North America, Lenexa , Kansas, Ho, Bengaluru, New York

He has been spotted several times, even as officers use drones, dogs and helicopters to find and arrest him. Mr. Cavalcante, a Brazilian national, is also wanted for a 2017 murder in his home country. On Saturday night Mr. Cavalcante was seen on a doorbell camera miles away. Police are now searching an area deeper in the Pennsylvania countryside, where he abandoned the van, apparently after it ran out of gas. They urged people in the area to be vigilant and warned of consequences for anyone who helped him.

Persons: Cavalcante Organizations: Police Locations: Brazilian, Pennsylvania

The plan to restrict records has prompted an outcry from press groups, transparency advocates, Democrats and some conservatives who said it undermines the state’s 1967 law that protects the public’s access to government records. Opponents have also questioned the need for quickly pushing for the legislation in a special session. The bill would close off access to records that are at the center of a lawsuit an attorney and blogger has filed against the Arkansas State Police. David Couch, an attorney who has authored successful ballot initiatives on medical marijuana and the minimum wage, said earlier Monday he was working on a referendum effort on the FOI changes if they become law. A Senate committee on Monday endorsed the tax cut legislation, which calls for cutting the top individual and corporate income tax rates by .3%.

Persons: Sarah Huckabee Sanders, Sanders, “ We've, Bart Hester, Hester, “, ”, Joey McCutchen, she's, Donald Trump's, “ We’re, Matt Campbell, David Couch, I've, Couch Organizations: —, Senate, Fort, State Police, Republicans, Arkansas State Police, Arkansas Press Association, Society of Professional Journalists, Republican Party, Prosperity Locations: — Arkansas, Fort Smith, Arkansas

[1/2] Hostess Brands "Twinkies" are displayed in a store in the Manhattan borough of New York City, U.S. July 5, 2016. Smucker (SJM.N) on Monday agreed to buy Twinkies maker Hostess Brands (TWNK.O) for $5.6 billion including debt in a deal that unites two major American snack makers. The deal was worth about $4.6 billion excluding debt, with Jif peanut butter maker Smucker paying Hostess shareholders $34.25 per share. Campbell Soup's (CPB.N) recent acquisition of Rao's sauce maker Sovos Brands (SOVO.O) represented an adjusted EBITDA multiple of 14.6 times, including run rate savings, and 19.8 times excluding those. Based in Lenexa, Kansas, Hostess was founded in 1930 and is behind several iconic household brands, including Ho-Hos, Ding Dongs, Zingers, and Voortman cookies and wafers.

Persons: Brendan McDermid, Smucker, Campbell Soup's, Smucker's, Campbell, Hostess, Ding Dongs, Dean Metropoulos, Alec Gores, Ananya Mariam Rajesh, Anirban Sen, Abigail Summerville, Dimpal, Savio D'Souza, Shinjini Ganguli, Jason Neely Organizations: REUTERS, Hostess Brands, Reuters, Sovos, JPMorgan, Sovos Brands, Hos, Smucker, Apollo Global Management Inc, Hostess, Thomson Locations: Manhattan, New York City, U.S, North America, Lenexa , Kansas, Ho, Bengaluru, New York

☆ Hostess surges 19% after the Twinkie maker agrees to $5.6 billion takeover by JM Smucker
▼ + stars: | 2023-09-11 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

Hostess stock climbed roughly 19% Monday, while JM Smucker declined as much as 8%. Jelly company Smucker agreed to acquire the Twinkie maker for $5.6 billion. Hostess investors will receive $30 in cash, and 0.3002 share of Smucker's stock for each share of Hostess they owned. Hostess shareholders will get $30 in cash and 0.03002 share of Smucker stock for every Hostess share they owned. In 2016, the company had gone public via a merger with a special purpose acquisition company.

Persons: JM Smucker, Smucker, Ding Dongs, Hostess, Campbell's Soup Organizations: Service, Hostess, Sovos Brands, Unilever Locations: Wall, Silicon

☆ UK scientist who created Dolly the Sheep clone dies at 79
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: 1 min

[1/3] Dr Ian Wilmut leading scientist at the Roslin institute answers questions from the world's media on the institutes ground breaking discovery, Dolly the worlds first cloned sheep from a test tube containing sheep eggs, February 25. FILE PHOTO Acquire Licensing RightsLONDON, Sept 11 (Reuters) - British scientist Ian Wilmut, whose research was central to the creation of the famous cloned animal, Dolly the Sheep, has died at 79, the Roslin Institute of Edinburgh said on Monday. Wilmut, along with Keith Campbell from the animal sciences research institute in Scotland, generated news headlines and heated ethical debates in 1996 when they created Dolly, the first mammal to be cloned from an adult cell. Reporting by Muvija M; editing by Michael HoldenOur Standards: The Thomson Reuters Trust Principles.

Persons: Ian Wilmut, Roslin, Wilmut, Keith Campbell, Dolly, Muvija, Michael Holden Organizations: Roslin, Edinburgh, Thomson Locations: British, Scotland

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