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London CNN —Can it ever be too hot for ice cream? “When it gets too hot, people move away from ice cream and buy a cold drink instead,” he said. The consumer goods giant commands a fifth of global ice cream sales, according to Euromonitor. The company’s overall ice cream sales grew 5.7% in the first half of the year in value terms, compared with the same period in 2022. Price rises across Unilever’s products helped push up its sales by 9.1% in the first half, even though volumes fell marginally.
Persons: Cornetto, , Graeme Pitkethly, Jerry’s, Carte d’Or, Hein Schumacher, Schumacher —, FrieslandCampina — Organizations: London CNN, Unilever, UL, Health Locations: Europe, Spain, Italy, Greece, Ukraine
CNN —Brian Harman won the 151st Open Championship on Sunday, sealing the first major of his career in dominant fashion. When Faldo birdied at the subsequent hole, Hoch's hopes of a first major win similarly went up in the air. David Cannon/Getty Images Europe/Getty Images Lorena Ochoa, US Women's Open (2005) Ochoa secured a top-four finish at the 2005 US Women's Open. Not when you led at the final hole. A par at the final hole would have been enough to put the American into the playoff, but an agonizing missed putt [pictured] epitomized her painful afternoon in San Francisco.
Persons: Brian Harman, Australia’s Jason Day, Austria’s Sepp Straka, Tom Kim, Jon Rahm, Harman, “ I’m, ” Harman, Osullivan, Brooks Koepka, Wyndham Clark, Rahm, Kim, Rory’s, Argentina’s Emiliano Grillo, ” McIlroy, , , Luke Walker, Greg Norman, France’s Jean van de Velde, , McIlroy, Andrew Redington, Sam Snead, Snead, Lew Worsham, Louis, Arnold Palmer, Palmer, Billy Casper, Casper, Ed Sneed, Sneed, Fuzzy Zoeller, Tom Watson, Watson, Scott Hoch, Hoch, Nick Faldo, skyward, Faldo birdied, Hoch's, Mark Calcavecchia, Calcavecchia, Colin Montgomerie, Germany's Bernhard Langer, Norman, Faldo, David Cannon, Jean Van De Velde, Van De, Van De Velde, Frenchman, Barry Burn, Paul Lawrie, Lorena Ochoa, Ochoa, Birdie Kim, Harry, Phil Mickelson, Mickelson, Lefty, Geoff Ogilvy, Ezra Shaw, Stewart Cink, Warren Little, Dustin Johnson, Johnson, Graeme McDowell, Donald Miralle, Jason Dufner, Dufner, Keegan Bradley, Bradley, Adam Scott, Ernie Els, Scott, Jordan, Buddy, Jordan Spieth, Danny Willett, Spieth, Jim Watson, Lexi Thompson, Yuka Saso, Thompson, Sean M, Mito Pereira, Pereira, Justin Thomas, Will Zalatoris, Christian Petersen, Van de Velde, Stuart Franklin, Ghostbuster Harman, Tommy Fleetwood, Read, Brian Harman shrugs, unflappable Organizations: CNN, 151st, PGA, Reuters, Northern, Royal Liverpool, PGA Championship, North, Louis Post, Bettmann, Augusta, Augusta National, Getty, Ryder, American, Scottish, Team Europe, . Augusta National, Barry Burn . Pictures, South Korean, Chevron, Royal Lytham, Nasa, Mito, Southern Hills Country Club, eventual Locations: Royal Liverpool, South, Georgia, Carnoustie, Augusta, North America, San Francisco, Kiawah, Europe, Jean Van De Velde , British, Scotland, Mexican, British, Turnberry, Atlanta, American, New York, St, Annes, squander, Tulsa, Liverpool, Harman’s
Representative Kevin Kiley, Republican from California, asked Khan about the cases that the agency had lost. “We fight hard when we believe there was a law violation, and unfortunately things don’t always go our way,” responded Khan. The agency also lost a fight to stop Facebook parent Meta Platforms from buying VR content maker Within Unlimited. Democrats on the committee sought to defend Khan, occasionally joined by Republicans on the panel including Rep. Ken Buck. Rep. Scott Fitzgerald, a Republican, however, worried about investors in small businesses losing their exit strategies.
Persons: Lina Khan, Lina M, Khan, Bill Nelson, Graeme Jennings, Activision Blizzard, Kevin Kiley, , don’t, , ” Kiley, ” Khan, Darrell Issa, Trump, Ken Buck, Michael Kikukawa, Scott Fitzgerald, “ you’re, you’re, Black Knight, Jim Jordan, Elon, Jerry Nadler, Nadler Organizations: WASHINGTON, U.S . Federal Trade Commission, Republican, Commerce, Science, NASA, Capitol, Committee, Microsoft, , Activision, Facebook, Republicans, White House Press, Rep, Black, Horizon Therapeutics, Twitter, FTC, Democrat Locations: Washington , U.S, California, U.S
SYDNEY, July 9 (Reuters) - Solomon Islands Prime Minister Manasseh Sogavare arrives in China on Sunday for his first visit since striking a security deal, pledging to "remain neutral" amid rising China-U.S. competition and prioritise his nation's development needs. Western analysts said Sogavare would be feted after signing the security pact that alarmed Washington and some Pacific Islands neighbours including Australia last year. China's foreign ministry said China and the Solomon Islands had "contributed to peace, stability and development in the region", and the two countries leaders would discuss international and regional issues. China has constructed the stadium, is advising on security, and will train 80 Solomon Islands athletes arriving in China this week. Solomon Islands has one of the closest relationships with China in the region, said Meg Keen, director of the Lowy Institute's Pacific Islands program.
Persons: Manasseh Sogavare, Sogavare, Graeme Smith, Meg Keen, Lowy, Kirsty Needham, Kim Coghill Organizations: SYDNEY, Solomon Islands, Papua New, Huawei, Pacific Games, Solomon, Australian National University, Thomson Locations: Solomon, China, U.S, Washington, Australia, Papua, Papua New Guinea, Britain, Honiara, Chinese, Honiara's, Beijing, Jiangsu, Guangdong, India, Gulf, Taiwan, Pacific, Japan
China's Xi Jinping has formed close ties with Vladimir Putin's regime in Russia. But the Wagner rebellion exposed that Putin's authority is shakier than Xi realised, an analyst told Insider. If Russia loses against Ukraine, Xi would face global humiliation. If there are further signs Putin's grip on power is weakening, and chaos could engulf Russia, Xi faces a tough choice. "It's unlikely that Xi will go out of his way to support Putin's regime if that entails significant risks to China itself.
Persons: China's, Jinping, Vladimir Putin's, Putin, Wagner, Xi, , Xi Jinping, Vladimir Putin, Graeme Thompson, Moscow —, Thompson, Jonathan Ward, Ward Organizations: Service, Kremlin, Ukraine, Eurasia Group, Reuters, Atlas Group, Russia, West, Beijing Locations: Russia, Ukraine, China, Moscow, Taiwan, Beijing
Tim Cook bets his legacy on augmented reality
  + stars: | 2023-06-13 | by ( Clare Duffy | ) edition.cnn.com   time to read: +11 min
David Paul Morris/Getty Images Cook speaks in front of an image of an iPhone 4S at Apple headquarters in 2011. Yui Mok/PA Images/Getty Images Tim Cook puts on a Boston Red Sox jersey before a baseball game between the Red Sox and the Detroit Tigers in June 2017. Justin Sullivan/Getty Images Tim Cook signs the box of a new iPhone X at an Apple Store in Palo Alto in November 2017. Andrew Harrer/Bloomberg/Getty Images Cook speaks via video conference at a House Judiciary subcommittee hearing on online platforms and market power in July 2020. In pictures: Apple CEO Tim Cook Prev NextFollowers of the company are divided on what the headset could ultimately mean for Cook.
Persons: Tim Cook, Steve Jobs, Cook, It’s, … it’s, , Margaret O’Mara, Andrew Burton, Phil Schiller, Jobs, David Paul Morris, Apple, Tom Williams, Marcio Jose Sanchez, Bono, Justin Sullivan, Tony Avelar, Stephen Lam, George Washington University's, Alex Brandon, Stephen Colbert, Jeffrey R, Pope Francis, Shutterstock Cook, Maddie Ziegler, AirPods, Monica Davey, James Corden, Pharrell, Beck Diefenbach, Reuters Cook, Yui Mok, Billie Weiss, Donald Trump, Jonathan, Oprah Winfrey, Win McNamee, Theresa Goh, Edgar Su, Andrew Harrer, Graeme Jennings, Noah Berger, Sajid Moinuddin, India's, Francis Mascarenhas, Brooks Kraft, it’s, Mike Bailey, , Tim Bajarin, , ” Bajarin, Bajarin, they’ll Organizations: New, New York CNN, Apple, Vision, Apple Watch, University of Washington, Washington Post, Getty, Reuters, Alamy, Homeland Security, Governmental, Flint Center, Performing Arts, Cook, CBS, Serviziofotograficoor, Primary School, Boston Red Sox, Red Sox, Detroit Tigers, American Technology, White House, Steve Jobs Theatre, Carnegie Library, Central Public Library, Bloomberg, Singapore, Apple Worldwide, Conference, Epic Games, Apple Inc, FBB Capital Partners, Jobs Locations: New York, Cupertino , California, Cupertino, Palo Alto , California, Palo Alto, San Francisco, Down, London, Washington , DC, Oakland , California, Mumbai
PGA Tour and LIV Golf Agree to Merger
  + stars: | 2023-06-06 | by ( Victor Mather | Kevin Draper | Alan Blinder | ) www.nytimes.com   time to read: +5 min
PinnedThe PGA Tour and LIV Golf, the insurgent league bankrolled by billions of dollars from Saudi Arabia’s sovereign wealth fund, said on Tuesday that they had agreed to a merger, ending a bitter and costly fight for supremacy of men’s professional golf that had divided top players, everyday fans and corporate sponsors. Now, by merging with the PGA Tour, it has gained a foothold that guarantees it outsize influence in the game’s future. The PIF also will have right of first refusal on new investments in the merged tour, according to the statement announcing the merger. “Going forward, PIF will have the exclusive right to further invest in the new entity, including a right of first refusal on any capital that may be invested in the new entity, including into the PGA Tour, LIV Golf and DP World Tour.” The PGA Tour will appoint a majority of the board, the statement said, and hold a majority voting interest in the combined entity. In a memorandum to PGA Tour players on Tuesday, Monahan said the wealth fund would have a minority position in the new for-profit company that will control men’s golf.
Persons: LIV Golf, bankrolling LIV, , PIF, LIV, Jay Monahan, we’ve, LIV . Monahan, Yasir al, Monahan, Brooks Koepka, Dustin Johnson, Phil Mickelson, LIV signees, Graeme McDowell, “ It’s, Organizations: PGA, Premier League soccer, Public Investment Fund, PGA Tour, , Public Investment, U.S Locations: Saudi, Riyadh, Saudi Arabia
As she made history in leading the agency, Khan's sprawling oversight plans and focus on fair competition in markets drew pushback from GOP leaders who denounced them as "politicized." The backlash to Khan's antitrust platform has come from across the Republican caucuses in Congress — even as many GOP lawmakers have backed antitrust policies or slammed Big Tech companies. watch nowKhan has defended her positions, telling CNBC on May 10 that the FTC enforces antitrust laws passed by Congress. Jordan and other GOP House members have criticized the plan as a "power grab." But an FTC spokesperson said Khan's agency has jurisdiction over all fees except banking and airlines.
Persons: Lina M, Khan, Graeme Jennings, Lina Khan, Pete Buttigieg's, Rohit Chopra, Christine Wilson, Noah Joshua Phillips, Joe Biden's, Matt Stoller, Stoller, Lina, Republican Sens, Chuck Grassley, Mike Lee, Ken Buck, Jim Jordan, Grassley, David Cicilline, Sen, Amy Klobuchar, Elon Musk, Musk, Jordan, Jon Schweppe, Jordan tweeting, they're, Mo Cayer, Khan . Jordan, noncompetes, Trump, Wilson, Leslie Overton, Harkrider, Biden Organizations: Commerce, Science, Capitol, AFP, Getty Images, Biden, Federal Trade, Southwest Airlines, Republicans, Consumer Financial Protection, FTC, Yale University Law School, Washington , D.C, New Yorker, Columbia Law School, American Economic Liberties, Big Tech, Republican, GOP, CNBC, Congress, Rhode Island's, Committee, Twitter, GOP House, Elon, The New York Times, Times, University of New, Democratic, Junk Locations: Washington , DC, London, Washington ,, New, Iowa, Utah, Colorado, Ohio, House, Minnesota, University of New Haven, Connecticut, Khan ., Axinn
May 30 (Reuters) - Unilever Plc (ULVR.L) said on Tuesday Chief Financial Officer Graeme Pitkethly would leave the consumer goods giant by the end of May 2024 after more than two decades. Pitkethly, who has been with the maker of Dove soap since 2002, succeeded Jean-Marc Huët as finance chief in 2015. The 56-year-old previously served as executive vice president of Unilever's UK and Ireland business, including head of M&A and head of treasury. Unilever, which did not say why Pitkethly planned to "retire from the company", said it would proceed with a formal internal and external search for his successor. "Eight years as CFO of a multinational is a decent time and retiring in May 2024 should enable a useful handover to a new CFO."
LONDON/BERLIN, May 30 (Reuters) - Nestle (NESN.S), the world's biggest packaged food company, said on Tuesday it had hired the London Stock Exchange Group's (LSEG) finance chief Anna Manz as its new chief financial officer. Manz will replace Francois-Xavier Roger, who the company said is stepping down to "pursue new professional challenges" after eight years in the role. Nestle, whose more than 2,000 brands include Kit Kat, Haagen-Dazs and Nescafe, said Manz will join Nestle as soon as she is released from her current duties. "We trust that Anna will pursue Francois' legacy, considering her strong career at Diageo," Vontobel analyst Jean-Philippe Bertschy said. Rival Unilever Plc (ULVR.L) also said on Tuesday that CFO Graeme Pitkethly would leave the consumer goods giant by the end of May 2024 after more than two decades.
The GOP megadonor said he knows too little about the law to discuss Supreme Court cases with Thomas. He told The Atlantic he isn't a "law guy" and instead chats with Thomas about Motown and sports. But in an interview with The Atlantic, Crow brushed off any accusations of corruption or impropriety with an unusual defense — his ignorance. Being friends means that "work-related issues" do occasionally come up in conversation, Crow told The Atlantic. Those conversations were casual and not about jurisprudence, he said, with Crow describing the discussion of specific Supreme Court cases as "off limits."
Outright short positions have mushroomed by 68% to 58,157 contracts in the space of three weeks. Outright long positions have been scaled back to 41,987 contracts, almost half the level of the February peak when investors were betting on a full-throttle post-COVID recovery in China. Fund managers are now net short of CME copper to the tune of 16,170 contracts, the largest collective bear bet since August last year. Investment funds have slashed their net long positioning from 25,737 contracts on April 14 to just 4,813 contracts as of May 5. Investment funds slash LME copper long positions as mood turns bearishWEAK RECOVERYChina's recovery from the stringent zero-COVID policy of last year has so far fallen short of expectations from a metals perspective.
Elon Musk announced Thursday he would be handing over the Twitter CEO role to a woman. But Twitter users have been having fun suggesting several joke candidates. Months after Twitter users voted for Elon Musk to step down as the company's CEO, the billionaire announced Thursday that he'd found someone to takeover the position. Musk tweeted. The Wall Street Journal also reported that Yaccarino is in talks to take over as Twitter CEO.
But there's a similar legacy battle going on inside LVMH, the French luxury house run by Bernard Arnault. The children of the world's richest man are vying for influence within LVMH in a "Darwinian" fight. Showrunner Jesse Armstrong says his fictional Roy family is inspired by several famous dynasties, such as the Hearsts — the family behind Hearst Communications — and the Redstones — the controlling influence behind Paramount Global. There's still plenty of rivalry between the progeny of Bernard Arnault, CEO of luxury goods behemoth LVMH and world's richest person. The Roy family of "Succession."
Pras Michel, former member of the Fugees, exits federal court in Washington. Photo: Graeme Sloan/Bloomberg NewsWASHINGTON— Pras Michel , who rose to fame in the 1990s as a member of the Fugees hip-hop trio, was found guilty Wednesday of serving as the linchpin of a multimillion-dollar foreign-influence scheme that spanned two presidencies and combined celebrity with political intrigue. After a monthlong trial, a jury in Washington convicted Mr. Michel on charges he improperly injected millions of dollars in donations to then-President Barack Obama ’s re-election campaign in 2012 and, years later, illegally lobbied the Trump administration.
Graeme Jennings/Pool via REUTERSWASHINGTON, April 27 (Reuters) - Federal Trade Commission Chair Lina Khan met with the heads of other antitrust enforcers, including Britain's, last week but no mergers were discussed, according to an FTC official who spoke amid allegations the FTC and UK are working together to block Microsoft's bid for Activision. The FTC official, speaking on Thursday, was responding to comments made by the game-maker's CEO, Bobby Kotick, who told CNBC he believed that the U.S. agency had pushed Britain's CMA to stop the planned acquisition. Kotick said: "I was surprised to learn that Lina Khan and the head of the CMA had a meeting a week and a half ago in Washington. The FTC official, who was not authorized to speak on the record but who was present at the virtual meeting, said that officials had no discussions of any mergers being reviewed or other ongoing investigations. When a deal appears blatantly anticompetitive then independent antitrust regulators can simply make their own judgments," said spokesperson Douglas Farrar.
The 10.7% increase in prices was, however, lower than in recent quarters, adding to signs inflationary pressures might be easing as input costs declined. Packaged goods companies have been hiking prices as they grapple with a surge in costs of everything from sunflower oil and shipping to packaging and grain. Unilever reported a 10.5% rise in underlying first-quarter sales to 14.8 billion euros ($16.4 billion), beating analysts' average forecast for a 7.2% increase, according to a company-provided consensus. That included a 10.7% increase in prices and a 0.2% dip in volumes. Rivals P&G (PG.N) and Nestle (NESN.S) have also recently reported stronger than expected quarterly sales, with price hikes offsetting lower volumes.
"It's principally around the costs of labour, logistics and energy and what our suppliers see in their own production bases," finance chief Graeme Pitkethly said. On Thursday, Unilever said it had raised prices by 10.7% in the first quarter. "People are looking towards the second half of this year for some relief in costs - we'll see if that actually plays out," Richard Saldanha, a fund manager at Unilever and Nestle investor Aviva, said. "Clearly these companies are still displaying a pretty decent ability to push pricing ... Unilever is able to manage what is still a very elevated cost environment." Reporting by Richa Naidu Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.
The British company, which sells Cornettos cones and Talenti tubs, on Thursday reported a 0.2% dip in overall quarterly sales volumes, but a more than 4% decline in ice cream volumes. Its ice cream prices rose 10.5% in the quarter, driving turnover of 1.7 billion euros ($1.9 billion). About 60% of Unilever's ice cream business is "in-home" - bought from stores - while the rest is eaten in parlours and other venues. "Ice cream is the most discretionary category that we have across all of our categories," finance chief Graeme Pitkethly said. When consumers are under pressure, because ice cream is more discretionary, ice cream gets dropped from the basket."
Pras Michel, former member of the Fugees, leaving federal court in Washington earlier this month. Photo: Graeme Sloan/Bloomberg NewsWASHINGTON— Pras Michel , who rose to fame in the 1990s as a member of the Fugees hip-hop trio, was found guilty Wednesday of serving as the linchpin of a multimillion-dollar foreign-influence scheme that spanned two presidencies and combined celebrity with political intrigue. After a monthlong trial, a jury in Washington convicted Mr. Michel on charges he improperly injected millions of dollars in donations to then-President Barack Obama ’s re-election campaign in 2012 and, years later, illegally lobbied the Trump administration.
Graeme Jennings/Pool via REUTERSWASHINGTON, April 18 (Reuters) - Leaders of the U.S. Federal Trade Commission said on Tuesday the agency would pursue companies who misuse artificial intelligence to violate laws against discrimination or be deceptive. Bedoya said companies using algorithms or artificial intelligence were not allowed to violate civil rights laws or break rules against unfair and deceptive acts. "It's not okay to say that your algorithm is a black box" and you can't explain it, he said. Khan agreed the newest versions of AI could be used to turbocharge fraud and scams and any wrongdoing would "should put them on the hook for FTC action." Slaughter noted that the agency had throughout its 100 year history had to adapt to changing technologies and indicated that adapting to ChatGPT and other artificial intelligence tools were no different.
Ben Shapiro is a right-wing media personality who does not appear to have any direct ties to Crow, but he defended him all the same. Harlan Crow, by his own testimony and according to his defenders, goes to get angry. I don’t think Crow is a Nazi or an admirer of dictators and authoritarians. But I don’t think we should take his explanation for his collection at face value either. A monument to Robert E. Lee stood for Robert E. Lee.
RBC's collection of 30 favorite global stocks handily outperformed US stocks in the first quarter. In the first quarter, that list of 30 stocks delivered an 11.9% total return, compared to a 7.7% return for the MSCI World Index and 7% for the S&P 500. The group also notes that since the end of 2020, the top 30 stocks have returned 37.8%, while the MSCI index has returned 24.5%. The following 30 stocks are ranked from lowest to highest based on how much RBC thinks they will deliver in returns over the next year. All of those implied upside figures were calculated based on the stocks' most recent closing prices.
RBC Capital Markets anticipates that the next quarter could be choppy for stocks, but the firm shared its list of high-conviction names to navigate the volatility. With these concerns in mind, RBC shared a list of high-conviction stocks that it says are well-positioned to offer upside this quarter. Below are 10 of the names: Alnylam Pharmaceuticals and biotech engineering stock Boston Scientific are new additions to RBC's list of high-conviction names. RBC analyst Shagun Singh said Boston Scientific is "positioned to drive consistent double-digit EPS growth," with upcoming device launches and trial data readouts to act as catalysts. On the energy front, RBC named oil company Diamondback Energy as one of its top picks for the quarter.
However, British photographer Graeme Green has reclaimed the narrative, creating a global “New Big Five” for wildlife photography. Green says that the book celebrates wildlife and is a global call to action on issues impacting wildlife, including habitat loss, poaching, pollution and climate change. British photographer Graeme Green is the founder of the New Big 5 project, an international conservation initiative supported by photographers, conservationists and wildlife charities. “These are the species that we are at risk of losing.”"The New Big 5: A Global Photography Project For Endangered Wildlife" by Graeme Green is out now. “The New Big 5: A Global Photography Project For Endangered Wildlife,” by Graeme Green, published by Earth Aware Editions, is on sale from April 4, 2023.
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