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☆ Airbus and Qatar Airways face off again in court over A350
▼ + stars: | 2022-10-14 | by ( Tim Hepher | ) www.reuters.com time to read: +3 min

An undelivered Airbus A350 built for Qatar Airways is seen in storage at Chateauroux, France, September 3, 2022 as Airbus and the Gulf carrier remain locked in a contractual and safety dispute. REUTERS/Tim Hepher/File PhotoLONDON, Oct 14 (Reuters) - Airbus (AIR.PA) and Qatar Airways return to court on Friday as a contractual and safety dispute over A350 passenger jets descends into a tug-of-war over confidential documents while the sums at stake in their unprecedented falling-out top $1.5 billion. Qatar Airways is suing Airbus over damage to the painted surface and anti-lightning system on A350 jets, saying safety could be at risk from a design defect. Airbus said last month it had revoked all 19 remaining A350 orders from Qatar Airways, severing outstanding business with the Gulf carrier for new jets. Airbus and Qatar Airways both declined to comment ahead of Friday's hearing, which was due to start at 0830 GMT.

☆ Wells Fargo's third-quarter earnings beat shows why the bank is a key Club pick
▼ + stars: | 2022-10-14 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

Wells Fargo (WFC) reported better-than-expected third-quarter results before the market opened Friday, bolstering shares, and validating the Club's bullish investment case for the lender. Wells Fargo was trading up nearly 3% in midday trading, at around $43.40 a share. * Financial definitions for bank stocks : ROTCE is a measure of annualized earnings applicable to Wells Fargo common shareholders as a percentage of average tangible common equity. Within consumer lending, home lending was down 52% from last year, while credit card revenue increased 8% over last year. A man walks past a Wells Fargo Bank branch on a rainy morning in Washington.

☆ Morgan Stanley's decline on Q3 results is too severe and may lead to a buying opportunity
▼ + stars: | 2022-10-14 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Club holding Morgan Stanley (MS) reported weaker-than-expected results for its third-quarter before the opening bell Thursday. Segment results Institutional Securities net revenue of $5.82 billion for Q3 missed expectations of nearly $6 billion. Wealth Management net revenue of $6.12 billion for Q3 came up a bit short versus expectations of $6.15 billion. Investment Management net revenue of $1.17 billion for Q3 missed the $1.34 billion consensus. The logo of Morgan Stanley is seen in New York Shannon Stapleton | Reuters

☆ Medieval Times sues performers' union over trademark infringement
▼ + stars: | 2022-10-14 | by ( Jack Stebbins | ) www.cnbc.com time to read: +4 min

The restaurant-and-show chain is suing its employees' New Jersey union for allegedly infringing on its trademark by using the Medieval Times name. The union also represents Medieval Times workers at a location in California. Medieval Times, which is privately owned, is seeking an injunction on the infringement and payment from the unionized castle workers for damages, attorney's fees and unjust profits made under the Medieval Times name. Medieval Times Performers United is a subset of a national performers union called the American Guild of Variety Artists. Medieval Times Performers United on Thursday called the complaint a "frivolous lawsuit" and "unlawful thuggery."

☆ China chip industry group 'troubled' by U.S. export curbs
▼ + stars: | 2022-10-13 | by ( ) www.reuters.com time to read: +2 min

SHANGHAI, Oct 13 (Reuters) - China's top trade group for the chip sector said on Thursday it was "disappointed" by recent U.S. export controls and warned they could put more stress on global supply chains. Last week, the U.S. Commerce Department passed a sweeping set of regulations aimed at kneecapping advancements in China's semiconductor industry. If enforced broadly, the regulations could bar research labs and commercial data centres' access to advanced AI chips, prevent Chinese chip fabs from purchasing critical manufacturing equipment, and force U.S. nationals working at advanced Chinese chip companies to resign. Share prices of Chinese tech giants and chip companies with facilities in China plunged in response to the U.S. curbs. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Josh Horwitz; Editing by Tom Hogue and Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

☆ Alex Jones: Jury decides conspiracy theorist should pay nearly $1 billion in damages to Sandy Hook families for his lies about the school massacre
▼ + stars: | 2022-10-12 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

Plaintiffs in the trial included family members of eight school students and employees, in addition to one FBI agent who responded to the scene. He was streaming live when the jury’s decision was read in court, mocked the decision on his Infowars show and used it to fundraise. The figure, he said, would represent the more than 550 million online impressions Jones’ Sandy Hook lie allegedly received online. The decision in Connecticut comes two months after a separate jury in Texas determined that Jones and his company should award two Sandy Hook parents who sued in that state nearly $50 million. While Jones initially lied about the 2012 shooting, he later acknowledged that the massacre had occurred as he faced multiple lawsuits.

Before becoming her own boss, entrepreneur Kendra Y. Hill struggled to manage her finances. Five money habits, like giving herself a generous spending budget, help her maintain her wealth. Get the latest tips you need to manage your money — delivered to you biweekly. Before becoming her own boss, Hill struggled to manage her finances. Having a large discretionary budget gives Hill peace of mind that she can do whatever she needs to do to be happy.

☆ How to analyze an earnings report — Part 5: A case study
▼ + stars: | 2022-10-11 | by ( Zev Fima | ) www.cnbc.com time to read: +23 min

In this case study, we can apply some of what we covered in Part 1 : The income statement; Part 2 : The balance sheet; Part 3 : Cash flow analysis; and Part 4 : The ratios. At the time, he still had over 2.3 million shares, nearly all of which were unvested. AMC's cash flow Let's finish by taking a look at the cash flow statement. What we really want to focus on is operating cash flow (line three), followed by capital expenditures and then free cash flow. Even in the fourth quarter, it didn't generate enough cash flow to cover the investing and financing outflows, not to mention capital expenditures.

☆ Rail union BMWED members reject contract deal with U.S. railroads
▼ + stars: | 2022-10-10 | by ( ) www.reuters.com time to read: +1 min

Oct 10 (Reuters) - A union representing employees who build and maintain tracks said on Monday its members rejected the tentative contract deal with a committee representing major U.S. freight railroads. The Brotherhood of Maintenance of Way Employes (BMWED), which represents more 11,000 workers, said the rejection results in a "status quo" period where the union will reengage bargaining with the Class I freight carriers. read moreSo far, only four of the 12 unions have ratified the agreement. read moreIn September, a division of International Association of Machinists and Aerospace Workers reached an improved tentative contract deal with the NCCC after its members rejected it earlier. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Aishwarya Nair in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

☆ Eurovision names Liverpool as host city for its 2023 Song Contest honoring Ukraine
▼ + stars: | 2022-10-07 | by ( Dan Heching | ) edition.cnn.com time to read: +1 min

CNN —The Beatles’ hometown of Liverpool, UK will be stepping in to host the festivities at the Eurovision 2023 Song Contest next May, the competition announced Friday. While Eurovision is usually hosted in a city in the prior year’s winning country, this year’s victor Ukraine cannot host the upcoming show due to the ongoing conflict with Russia. Ukraine won the 2022 Eurovision Song Contest this past May, amid a flood of goodwill extended toward the country in light of the war. “Liverpool is the ideal place to host the 67th Eurovision Song Contest on behalf of Ukraine,” said Eurovision Song Contest executive supervisor Martin Österdahl in a statement. “The city is synonymous with music and Liverpool Arena exceeds all the requirements needed to stage a global event of this scale.

☆ 'Amsterdam' review: Christian Bale, John David Washington and Margot Robbie head the star-studded cast in David O. Russell's historical satire
▼ + stars: | 2022-10-07 | by ( Review Brian Lowry | ) edition.cnn.com time to read: +4 min

CNN —“Amsterdam” certainly doesn’t suffer from a lack of ambition, and the star-studded cast merely adds to that sense of grandeur. Burt (Christian Bale), a part-Jewish Park Avenue doctor whose in-laws disapprove of him, and Harold (John David Washington) bonded while serving together during World War I, where they met up with a free-spirited nurse, Valerie (Margot Robbie) who fell for Harold, forging a seemingly inseparable trio. Recovering from their war injuries, they took refuge in Amsterdam, a place where the world’s concerns – including those involving race – appeared to shrink away. Christian Bale, Margot Robbie and John David Washington in 'Amsterdam.' “This is so strange,” Burt mutters at one point, which turns out to be an inadvertent commentary on the film itself.

☆ How companies can advance global action against the climate crisis
▼ + stars: | 2022-09-28 | by ( Shana Lebowitz | ) www.businessinsider.com time to read: +4 min

In a live Insider event, a BASF exec said the company evaluates products' sustainability profiles. Get the latest on the culture & business of sustainability — delivered weekly to your inbox. And in the last few years, major companies like IBM and Citi have started focusing on developing sustainable business practices. The event was part of Insider's series Climate Heroes 2022: Working Toward Solutions, presented by BASF, which featured interviews with leaders across industries who are pioneering innovative climate solutions. Measuring and tracking progress toward sustainability goals is keyTracking progress toward sustainability goals is critical, Sukhdev said.

☆ Trump privately asked Obama how he got high approval ratings, book says
▼ + stars: | 2022-09-28 | by ( Sonam Sheth | ) www.businessinsider.com time to read: +3 min

Trump asked Obama how he kept his approval ratings high in 2016, according to a forthcoming book by NYT's Maggie Haberman. Trump publicly skewered Obama but was privately fixated with his popularity and achievements. Trump asked Obama about his approval ratings the first time the two of them met in the Oval Office after Trump clinched his 2016 election victory, according to Haberman. Obama also struck a more conciliatory tone toward Trump, saying after Trump won that he would not publicly attack his successor. Trump left office with record low approval ratings.

Insider's experts choose the best products and services to help make smart decisions with your money (here’s how). When friends or family members ask to borrow money, I walk through six questions to decide. Naturally I can't lend money I don't have, but just because I have the money doesn't mean I can (or should) lend it. But I'm also not a charity, so when I loan money, I have to at least consider the potential for default. I'll loan money to my closest friends and family without a second thought, but that circle also extends to a larger community.

☆ A bargain hunter picked up a 700-year-old medieval script for $75 at a yard sale that could be worth $10,000
▼ + stars: | 2022-09-25 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

A shopper got a surprise when he picked up a 700-year-old script for $75, per the Maine Monitor. Academic Lisa Fagin Davis confirmed the piece was genuine, and could be worth up to $10,000. Will Sideri, who bought the script, told the Maine Monitor he doesn't intend to sell the document. The Maine Monitor reported last week that Will Sideri picked up the 700-year-old document at an estate sale in Maine after noticing the leaf adorned in Latin writing alongside some musical notes. "An estate sale in Maine isn't even the most unexpected place where a Beauvais Missal leaf has turned up.

☆ Bhutan welcomes back tourists after COVID-19 with honey, turmeric and SIM cards
▼ + stars: | 2022-09-23 | by ( Gopal Sharma | ) www.reuters.com time to read: +2 min

A group of foreign tourists with a local guide walk past a row of shops selling handicrafts in Thimphu May 22, 2012. Wedged between China and India, the country known for its natural beauty and ancient Buddhist culture, first opened to wealthy tourists in 1974. In March 2020 it shut its borders to visitors - a major source of income - after detecting its first case of COVID-19. "We feel through tourism we can do that ... take advantage of their support and goodwill," he told Reuters from Bhutan, referring to the international community. Register now for FREE unlimited access to Reuters.com RegisterReporting by Gopal SharmaOur Standards: The Thomson Reuters Trust Principles.

REUTERS/Brendan McDermidUNITED NATIONS, Sept 22 (Reuters) - Britain wants to reach an agreement with the European Union to solve post-Brexit trade to Northern Ireland issues quickly, foreign minister James Cleverly said on Thursday, suggesting a softer approach to what has been an intractable dispute. The stand-off over part of the Brexit agreement which governs trade with Northern Ireland is by far the biggest strain between the EU and Britain, which became the first country to leave the bloc on Jan. 31, 2020. A major irritant is Britain's so-called Northern Ireland Protocol bill, which effectively tears up parts of the Brexit divorce deal. Both sides agreed to the Northern Ireland protocol as a way to avoid reinstating border controls between the British-run province of Northern Ireland and EU member Ireland after Britain left the EU, seen as key to protecting peace on the island. But Britain has since accused Brussels of a heavy-handed approach to moving goods between Britain and Northern Ireland, with pro-British communities in the province saying it erodes their place in the United Kingdom.

☆ Analysis: FedEx investors frustrated with new CEO after withdrawn forecast
▼ + stars: | 2022-09-22 | by ( Lisa Baertlein | ) www.reuters.com time to read: +5 min

A FedEx Ground truck drives near a FedEx regional hub at Los Angeles International Airport (LAX) in Los Angeles, California, U.S., September 16, 2022. Investors, already frustrated by last year's overly optimistic estimate for the holiday shopping season, were disappointed with its profit warning on Sept. 15. Reuters spoke with Bradshaw and five other investors who bought FedEx stock when it looked cheap versus its more profitable and better performing rival United Parcel Service (UPS.N), believing a FedEx business revamp promised healthy returns. FedEx warned business conditions would worsen in the current quarter, which ends as the key Christmas package delivery season begins. Late last month, FedEx told Reuters it was confident in its "stress tested" holiday forecast for this year.

☆ Justices join debate on Supreme Court's legitimacy after abortion ruling
▼ + stars: | 2022-09-18 | by ( Lawrence Hurley | Lawrence Hurley Covers The Supreme Court For Nbc News Digital. | ) www.nbcnews.com time to read: +9 min

Chief Justice John Roberts, one of the court’s six conservatives, pushed back against some of the criticism in a recent public appearance, saying people should not question the court’s legitimacy just because they disagree with its rulings. It is important that the public think the justices are reaching decisions in good faith based on the law, Girgis said. Sotomayor said at an event in California on Thursday that “there’s going to be some question about the court’s legitimacy” if people think the justices are acting based on politics, according to a Courthouse News Service report. But I don’t understand the connection between opinions people disagree with and the legitimacy of the court,” he said. Conversely, in 1954, Southern states resisted enforcing the landmark Brown v. Board of Education ruling, which ended segregation in public schools.

My 'poverty mentality' was holding me back, but getting rid of those items freed up mental and physical space. But I hadn't dealt with one of the most significant factors underlying my hoarding instincts: poverty mentality. What is 'poverty mentality'? But my poverty mentality kept me living as though I were barely employed and living paycheck to paycheck. The opposite of my poverty mentality isn't to act like I'm rich (I'm not) or spend every dime I make.

Persons: I'd, it's, Laura McCamy, I've, It's, isn't Organizations: Service Locations: Wall, Silicon

☆ My husband and I made $200,000 in revenue last year on Poshmark. Here's how I went from working at Bath & Body Works to reselling full time.
▼ + stars: | 2022-07-13 | by ( Perri Ormont Blumberg | ) www.businessinsider.com time to read: +8 min

I resell shoes on Poshmark full time under the closet name "RNZY," which is my husband, Ryan's, and my name combined. From 2013 to 2015, I worked as a Bath & Body Works store manager in Burlington, Vermont. We sold shoes and clothing, but we quickly niched down to exclusively shoes. We both realized that we enjoyed the entire process of selling shoes — sourcing, cleaning, photographing, listing, and shipping. (We search for the pair of shoes on Poshmark and select "sold items."

☆ What causes road rage? Big, expensive cars.
▼ + stars: | 2022-05-12 | by ( Adam Rogers | ) www.businessinsider.com time to read: +12 min

The more expensive the car, the less likely the driver was to yield the right of way. Anecdotally and statistically, evidence is mounting that driving itself turns people into bad drivers — and that maybe pricier, fancier, bigger cars make them even worse. Making cars bigger made them deadlier. "They are in a bigger car," says Bart Claus, a marketing researcher at IÉSEG School of Management in France who was one of the paper's authors. The only way to fix the fact that cars make us unsafe is to reduce the number of cars.

☆ This 29-year-old makes $400,000 per year and owns 3 properties: '5 things I refuse to spend money on'
▼ + stars: | 2022-04-19 | by ( Alexandra Fasulo | ) www.cnbc.com time to read: +2 min

Now, at 29, I have six streams of income — from freelance writing, influencer sponsorships, eBook sales, course sales, ad revenue and affiliate revenue. Like any member of the gig economy, I know I can't count on making this much money forever. So while I sometimes splurge on food, entertainment and travel, I otherwise save and invest aggressively to boost my net worth. To live my dream life and still save most of what I earn, here are five things I refuse to spend money on:1. Not only do I save money this way, but I'm also helping the environment by donating all of my unused clothes to Goodwill.

☆ The real Volodymyr Zelenskyy. His US film editor reveals the man behind the scenes.
▼ + stars: | 2022-03-05 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +7 min

Ukrainian President Volodymyr Zelenskyy has become an international icon amid the Russian invasion of his country. David Dodson, left, and Volodymyr Zelenskyy, right, in Lviv, Ukraine. Maya_MaksimovaDavid Dodson, an American film editor, first met Volodymyr Zelenskyy in New York in 2008. And for Dodson, it was the start of a decadelong working relationship with the future Ukrainian president. David Dodson and Volodymyr Zelenskyy during a rehearsal in Kyiv, Ukraine.

☆ Q4 is the most profitable time of year for many business owners. Here are 4 ways to reinvest cash into your company to prepare for 2023.
▼ + stars: | 2021-12-22 | by ( Alexandra York | ) www.businessinsider.com time to read: +6 min

"The growth stage of the business plays a significant role in how business owners reinvest their money," Jenny Shum, General Manager of Chase Ink, told Insider via email. "Small business owners have had to reimagine the way they do business over the last three years," she said. "This year, business owners are investing heavily in technology to sustain their business, cut costs, and increase efficiencies in order to mitigate ongoing economic pressures." It can also reflect what's going to be purchased and how it's going to be sent to customers, Manshoory said. MarketingMarketing is important all year, so business owners should reinvest in attracting customers, Franklin said.

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