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CNN —South Carolina Sen. Tim Scott on Monday will formally enter the Republican presidential primary as he seeks to upend a contest that has so far been dominated by coverage of former President Donald Trump and Florida Gov. The most prominent Black figure in the Republican Party, Scott will address supporters at his alma mater, Charleston Southern University, in his hometown of North Charleston. In 2010, he became the first Black Republican elected to the US House of Representatives from South Carolina in more than a century. Years later, after being appointed to his Senate seat (he won a special election to retain the seat), Scott made history as the first Black US Senator from his native South Carolina. “We know how dangerous Tea Party extremist Tim Scott is,” South Carolina Democratic Party chair Christale Spain said in a statement.
Three Stock Lunch: Chevron, Nike & DraftKings
  + stars: | 2023-05-22 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThree Stock Lunch: Chevron, Nike & DraftKingsEva Ados, ER Shares chief operations officer, joins ‘Power Lunch’ to discuss three stocks: Chevron, Nike and DraftKings.
This is the same Nina Gold who’s made a successful career casting some of the defining films and TV shows of this century. “I still don’t really understand what it is that makes acting good,” she says. For “Bad Sisters’” smarmy, abusive antagonist John Paul, Gold cast Claes Bang. For Gold and her team – rising to six people, depending on projects – it’s a lot of logistics and audition tapes. Gold cast Taylor-Johnson in his breakout role as John Lennon in “Nowhere Boy” (2009) at age 18-20, she guesses, but had been auditioning him since about the age of nine.
Aston Martin stock soars after $295 million Geely investment
  + stars: | 2023-05-18 | by ( ) www.reuters.com   time to read: +2 min
May 18 (Reuters) - Aston Martin's (AML.L) stock popped nearly 22% on Thursday, after the luxury carmaker announced a 234 million pound investment by China's Geely (0715.HK), that will see the automotive firm become its third-largest shareholder. Geely will acquire about 42 million ordinary shares from Chairman Lawrence Stroll's Yew Tree, which is currently the Aston Martin's largest stakeholder, at 335 pence apiece and subscribe for another 28 million shares at the same price. Aston Martin shares, which closed at 231.2 pence on Wednesday, were trading up to 279.4 pence at 0727 GMT. "Our decision to increase our shareholding in Aston Martin reflects our confidence in the company's growth prospects, its technologies and its management team," said Geely Chairman Eric Li. The investment gives Geely a 17% stake in the company and entitles it to one board seat, behind number two shareholder Saudi Arabia's Public Investment Fund (PIF).
Yet some former Bang Bang employees said that McCurdy's meticulously curated image as a thoughtful progressive in a rough-and-tumble industry wasn't much more than good PR. At Bang Bang, "they just woke-wash everything," one former employee said. This kind of behavior extended to other Bang Bang employees. Ganser, the Bang Bang manager, also sent Wang a text comparing her behavior to her father's, who was in prison. Photo by Gotham/GC ImagesNearly a decade after opening the first Bang Bang shop, McCurdy still sees himself as a trailblazer.
Experian's outlook highlights North America lending woes
  + stars: | 2023-05-17 | by ( Eva Mathews | ) www.reuters.com   time to read: +2 min
May 17 (Reuters) - Experian Plc's (EXPN.L) annual revenue growth forecast on Wednesday signalled a challenging economic backdrop, especially in North America, where the failure of three U.S. regional banks has hurt confidence in the sector. Experian's key customers include banks, non-traditional lenders and insurance providers, which use its credit reports and scores to analyse and make decisions around credit risk, fraud prevention and lending terms. "Tighter lending conditions (especially in North America) are impacting some of Experian's business lines with more direct volume exposure, including its core credit bureau and marketplace, which together account for about 17% of group revenue," Bank of America analysts said. About 67% of Experian's group revenue comes from the North America region. For the year ended March 31, Experian's organic revenue growth of 7% to $6.59 billion compared with analysts' consensus of $6.64 billion.
The company raised its adjusted operating margin outlook for aerospace to between 17% and 18% by 2025, compared with 14% previously. The operating margin for the Engines business is expected to be 28% in 2025, compared with 22% in 2023. Shares in Melrose, which spun out its automotive business into Dowlais (DWL.L) last month, rose 6% by 1232 GMT, topping London's blue-chip index. Melrose, which makes airframe and engine structures and electrical interconnection systems for the aerospace industry, said last week it had decided to continue as a pure-play aerospace firm. The outlook for 2025 laid out on Wednesday divides its aerospace business into two divisions, namely engines and structures, for the first time.
Philips agreed to settle without admitting or denying the SEC’s findings. Photo: Eva Plevier/REUTERSRoyal Philips , a Dutch medical supply company, has agreed to pay $62 million to resolve claims by regulators that it violated a U.S. antibribery law by improperly manipulating Chinese procurement processes and influencing public officials at Chinese state-run hospitals. The Amsterdam-based company’s conduct in China violated the Foreign Corrupt Practices Act, the U.S. Securities and Exchange Commission said Thursday. The regulator said Philips had agreed to settle its claims without admitting to or denying the findings from its investigation.
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Maesha Shonar created a pitch proposal instead of a standard media kit to land brand deals. She created her own pitch proposal instead, inspired by her work experience at consulting firm Ernst and Young. Here's the exact three-page pitch proposal template Shonar created and has used to land paid partnerships:Page 1 of Shonar's pitch proposal. Maesha ShonarPage 2 of Shonar's pitch proposal. Maesha ShonarPage 3 of Shonar's pitch proposal.
IQE's annual revenue falls 2% on weak orders
  + stars: | 2023-05-17 | by ( ) www.reuters.com   time to read: +1 min
May 17 (Reuters) - British chip components maker IQE Plc (IQE.L) reported a 2% drop in its annual revenue on Wednesday, hit by reduced orders amid weak demand for consumer electronics. Revenue on a constant currency basis fell to 151.2 million pounds ($190.83 million) for the full-year ended December 2022, from 154.1 million pounds a year earlier. The Cardiff-based company reported a wider operating loss of 73 million pounds, driven by non-cash impairment of goodwill of 62.7 million pounds relating to its wireless operating segment. London-listed IQE said current trading was impacted by temporary semiconductor industry setbacks entailing subdued customer forecasts, orders and related revenue. It expects revenue for the half year ending June 30 to be between 50 million pounds and 56 million pounds.
May 16 (Reuters) - Nanosynth Group (NNNN.L) said on Tuesday it has proposed to enter into creditors' voluntary liquidation, after an unsuccessful attempt to procure necessary funding. The company had flagged the lack of cash resources last month, saying it was evaluating potential funding options. Creditors' voluntary liquidation - the most common type of insolvency - is a liquidation procedure that enables a company to be wound up by resolution of its members instead of a court order. The AIM-listed firm, which specializes in the synthesis and application of nanoparticles to create products, had a market capitalization of 1.76 million pounds ($2.22 million), according to Refinitiv data. ($1 = 0.7923 pounds)Reporting by Eva Mathews in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.
Maesha Shonar created a pitch proposal instead of a standard media kit to land brand deals. She created her own pitch proposal instead, inspired by her work experience at consulting firm Ernst and Young. Here's the exact three-page pitch proposal template Shonar created and has used to land paid partnerships:Page 1 of Shonar's pitch proposal. Maesha ShonarPage 2 of Shonar's pitch proposal. Maesha ShonarPage 3 of Shonar's pitch proposal.
Italian court agrees to extradite EU lawmaker to Belgium
  + stars: | 2023-05-16 | by ( ) www.reuters.com   time to read: +1 min
MILAN, May 16 (Reuters) - An Italian court on Tuesday agreed to extradite to Belgium an EU lawmaker under investigation in a cash-for-influence corruption scandal at the European Parliament, one of his lawyers said. Andrea Cozzolino, European parliamentarian for Italy's centre-left Democratic Party, has been under house arrest in the southern city of Naples since Feb. 10, after he was detained on the basis of a European warrant issued by Belgium. The 60-year-old lawmaker has denied any wrongdoing. A court in Naples ruled on Tuesday that Cozzolino could be sent to Belgium. Panzeri, who was arrested in Brussels in December, has agreed to cooperate with investigations in exchange for a reduced sentence.
Wood Group shares sink after Apollo abandons 1.7 bln pound bid
  + stars: | 2023-05-15 | by ( ) www.reuters.com   time to read: +2 min
The shares initially fell by as much as 40% after private equity firm Apollo said it would not go ahead with an offer following an exploratory bid last month. Representatives for Wood and Apollo declined to comment further. Under UK takeover rules, Apollo cannot launch a takeover offer for Wood for the next six months, except with the company's agreement or in the event that a rival bidder swoops in. The news comes just days after British consumer group The Hut Group (THG) (THG.L) ended takeover discussions with Apollo after concluding that a preliminary bid by the fund was based on "inadequate valuations". Last week, Wood released its first-quarter earnings, which saw the group reiterate its 2023 outlook with performance expected to be weighted to the second half of the year.
The founder of Starlux Airlines flew to an airport to personally apologize to passengers. Chang Kuo-wei went to Tokyo's Narita airport following the delays and cancellations. Passengers were stuck overnight at the terminal on May 6, according to Taiwan News. The founder of a Taiwanese airline flew to an airport to personally apologize to passengers who got stuck there overnight after a flight was delayed and canceled, Taiwan News reported. Chang Kuo-wei, founder of the airline that started flying in 2020, flew to Narita that morning to apologize to passengers.
Apart from compliance with rules to stop money laundering and terrorist financing, crypto firms are largely unregulated in many parts of the world. "If we built a good regulatory regime, people would come. We are shooting ourselves in the foot by not having a regulatory regime in the U.S.," Peirce said. U.S. Congress needed to decide which regulatory body has authority over crypto, Peirce added. Global standards and harmonisation as much as possible are key, said Sarah Pritchard, executive director for supervision at Britain's Financial Conduct Authority.
The company also said it expects annual revenue between 3.35 billion pounds ($4.23 billion) and 3.45 billion pounds, while analysts are expecting a revenue of 3.4 billion pounds, according to company-compiled estimates. Melrose also said it will not seek acquisitions of "an unrelated industrial business or, in the near term, a material aerospace business," as it shifts its strategy to focus on aerospace. In April, Melrose listed shares in the former automotive division of British engineer GKN on the London Stock Exchange. Newly created Dowlais (DWL.L), which encompasses GKN's Automotive, Powder Metallurgy and Hydrogen businesses, was spun off to existing Melrose shareholders. It is still holding on to GKN's Aerospace division, which manufactures airframe and engine structures and interconnection systems for the aerospace industry.
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She was arrested at the same place in Montgomery County that suspected gunman Francisco Oropesa was arrested Tuesday night, case records show. Law enforcement also tracked Oropesa’s wife to the home, which is associated with one of the suspect’s family members, a law enforcement source told CNN. Courtesy Eva GutierrezAuthorities now have 90 days to indict Oropesa, a law enforcement source involved said. Due to his status as a Mexican national, the Mexican consulate will be formally notified of his circumstances on Wednesday, the law enforcement source said. Officials’ efforts may have been stymied by a lack of trust in law enforcement.
read moreSpotify Technology SA (SPOT.N):Music streaming service Spotify is cutting 6% of its workforce, or roughly 600 roles. read moreMicrosoft Corp (MSFT.O):The U.S. tech giant said it would cut 10,000 jobs by the end of the third quarter of fiscal 2023. Workday Inc (WDAY.O):The software company will cut roughly 500 jobs, or 3% of its workforce, citing a challenging macroeconomic environment. Morgan Stanley (MS.N):The Wall Street powerhouse is planning to cut about 3,000 jobs in the second quarter, Reuters reported. MANUFACTURING SECTOR3M Co (MMM.N):The industrial conglomerate said it would cut 2,500 manufacturing jobs after reporting a lower profit.
A New Survey Erases Male Artists From the Western Canon
  + stars: | 2023-05-02 | by ( Tiana Reid | ) www.nytimes.com   time to read: +2 min
But although her index of names succeeds in providing some answer to the question posed in Linda Nochlin’s trailblazing 1971 essay “Why Have There Been No Great Women Artists?,” Hessel does less than Nochlin did, 50 years ago, to unsettle the terms of the question itself. Can inserting women into the art-historical canon interrupt the system of canonization itself? Why does Hessel rely on the same methods of archival organization — linear history, market-based tastes, distinct genre boundaries — that played a part in producing women’s very exclusion? How instead might the fact of women’s presence disrupt the presuppositions of art’s place in the world? An especially moving chapter, “The Body in Sculpture,” initiates an answer.
Eva Longoria shares 5 essential Mexico experiences
  + stars: | 2023-04-30 | by ( Marnie Hunter | ) edition.cnn.com   time to read: +6 min
Editor’s Note: CNN Original Series “Eva Longoria: Searching for Mexico” airs on CNN Sundays at 9 p.m. ET/PT. Here are just five of the essential experiences Longoria recommends to Mexico visitors. “There are so many indigenous cultures still vibrant in Mexico,” Longoria said. El Tajín “is one of the best-preserved pre-Hispanic cities in Mexico,” Longoria says in the Veracruz episode. With a conchaActress reveals daily ritual when she's in Mexico City 00:40 - Source: Eva Longoria: Searching for MexicoExploring requires stamina – and maybe a little sugar and caffeine.
The Voladores of Veracruz in Mexico have a history that goes back at least 1,400 years. “The flying ritual has never had a learning age, it is a project of a lifetime,” he says. Nearly all of the Voladores train in or around Papantla, where the flying schools prepare young people to take over for those who are eventually aging out. Coffee, ancient ruins and an overlooked capital cityMen with ankle ropes flying deftly around a pole are not the only export from this state, though. The big draw, however, is Mexico’s second most important archaeological museum after the one in Mexico City.
A court has ruled that a man who has fathered up to 600 children must stop donating sperm. Already banned from donating his sperm in The Netherlands, Meijer must now also contact clinics abroad to have them destroy his samples. Meijer had helped father between 550 and 600 children in the 16 years he had spent donating sperm, judges said, The Guardian reported. Dutch clinical guidelines say a sperm donor should not father more than 25 children from 12 families. The Dutch News, which described Meijer as an "obsessive" sperm donor, said the Dutch gynecologists' society, NVOG, first issued a warning about Meijer in 2017.
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