DIRS.INFO The most relevant business & tech news

☆ 17 Looks That Did the Most at the Met Gala
▼ + stars: | 2023-05-02 | by ( The Styles Desk | ) www.nytimes.com time to read: +1 min

The guest list for the first Monday in May, as the Met Gala is also known, serves as a Rorschach test for whom Anna Wintour deems important, circa now. Many guests wore black and white or suits and gowns embellished with pearls or flowers — favorite motifs of Mr. Lagerfeld. Doja Cat and Jared Leto each paid homage to Choupette, Mr. Lagerfeld’s feline friend. There were many wonderful dresses that paid respect to Mr. Lagerfeld’s legacy — in fact, there were too many to name. So here’s a reminder: The looks that follow did the most at the Met Gala — not necessarily the best, not necessarily the worst, just the most.

☆ Met Gala 2023 fashion: The best looks from the red carpet
▼ + stars: | 2023-05-01 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +4 min

The Met Gala theme is based on the Costume Institute’s spring show “Karl Lagerfeld: A Line of Beauty,” which is a posthumous retrospective of the German fashion designer’s work. Dimitrios Kambouris/Getty ImagesIce Spice Jamie McCarthy/Getty ImagesOlivia Wilde opted for a Chloé "violin" dress — one of Lagerfeld's designs from the 1980s — in white and gold. John Shearer/WireImage/Getty ImagesActor Ariana DeBose made an entrance in an Altuzarra fur-trimmed yellow hooded gown, arriving with designer Joseph Altuzarra. John Shearer/WireImage/Getty ImagesMet Gala co-chair Dua Lipa in a voluminous Chanel corset dress. Evan Agostini/Invision/APTop Photo: Gisele Bündchen (Dimitrios Kambouris/Getty Images)

☆ Is Choupette, Karl Lagerfeld’s Cat, Going to the Met Gala?
▼ + stars: | 2023-05-01 | by ( Callie Holtermann | ) www.nytimes.com time to read: +1 min

Had Choupette deigned to attend the Met Gala, she would have joined many other immaculately groomed guests with elite pedigrees. Choupette, the Birman cat once owned by Karl Lagerfeld, led a life of decadence by the designer’s side. In Vogue’s recent tribute to Mr. Lagerfeld, she lolled over the arm of a windswept Naomi Campbell. She received an invitation to the Met Gala celebrating her onetime owner, according to her agent, Lucas Bérullier. (Like anyone who’s anyone in fashion, Choupette has an entourage.)

☆ Adidas wants to move on from the Kanye West scandal, but investors are angry and suing
▼ + stars: | 2023-05-01 | by ( Matthew Kish | ) www.businessinsider.com time to read: +2 min

Investors sued Adidas over its failed Kanye West deal, arguing it didn't properly manage the risk. In the lawsuit, investors claimed Adidas "ignored serious issues" with regard to Ye's "extreme behavior," and didn't properly manage the resulting risks, including with inventory. If certified, the lawsuit would proceed on behalf of investors who purchased shares of Adidas between May 3, 2018, and February 21, 2023. In the wake of splitting with Ye, Adidas, under new CEO Bjørn Gulden, is focusing more on sports, including basketball and soccer, as Gulden works to reset the brand. The organization purchased 2,837 shares of Adidas stock in early 2022 for more than $350,000, according to an exhibit attached to the lawsuit.

☆ Adidas wants to 'double down' on U.S. market, regional head tells Wall Street Journal
▼ + stars: | 2023-04-30 | by ( ) www.reuters.com time to read: +1 min

FRANKFURT, April 30 (Reuters) - Adidas (ADSGn.DE), which has come under pressure after ending its lucrative Yeezy shoe partnership with Kanye West, is trying to grab a bigger slice of the U.S. sports market, the group's regional head told the Wall Street Journal. "We want to double down on all of the things that are U.S.-centric, particularly around sport," Rupert Campbell, the company's North America president, was quoted as saying in an interview. Apart from ending the Yeezy collaboration, Adidas has also stopped its Ivy Park collaboration with pop star Beyoncé according to media reports, with the contract set to expire at the end of this year. Talking on the overall U.S. sporting-goods market, the world's biggest, Campbell said: "We have to show our credentials in this space." Reporting by Christoph Steitz; Editing by Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.

☆ What Home Depot's billion-dollar pay raise may help prove about workers
▼ + stars: | 2023-04-30 | by ( Bob Woods | ) www.cnbc.com time to read: +7 min

"We are confident we can make the investments needed to remain competitive in a tight labor market while also growing our profitability." "The [home improvement] environment seems to be weakening, not accelerating, and therefore incremental wage investments at this time would open the door to more questions and surprise. "They're behaving as they should given the tight labor market, showing leadership and not just thinking about a 12-month timeframe. And in a tight labor market, it's getting increasingly difficult to keep talent [if] you pay unlivable wages and [offer] few opportunities for growth and success." It's hard to say when, and if, Home Depot will see a demonstrable return on the monumental expenditure for its frontline workers.

☆ Big Tech is pursuing 'the year of efficiency.' It could get supercharged by AI.
▼ + stars: | 2023-04-30 | by ( Matt Turner | ) www.businessinsider.com time to read: +5 min

On the agenda today:But first: Why Big tech's new focus on efficiency could have far-reaching impacts. Tech jobs aren't coming backTech giants have been slashing jobs. Companies from Meta to Salesforce have cut jobs in the recent months in the pursuit of efficiency and profit margins. Also read:Whistleblower docs: Jane RobertsSupreme Court Justice Chief Justice John Roberts and his wife Jane Roberts arrive for a 2018 State Dinner at the White House. At least one of those firms argued a case before the chief justice after paying his wife hundreds of thousands of dollars.

☆ Who Won, and Who Lost, in the 2023 N.F.L. Draft
▼ + stars: | 2023-04-29 | by ( Mike Tanier | ) www.nytimes.com time to read: +1 min

The Detroit Lions’ coach, Dan Campbell, displayed his rugged individualism. And the Green Bay Packers, playing the role of a merry divorcé post-Aaron Rodgers trade, dallied with new playmakers. draft provided an opportunity for some of the league’s most fascinating decision makers and franchises to truly express themselves. Eagles, ReloadedThe Eagles should not be able to do the things they do. A team that won 14 games and reached the Super Bowl last season should not have a top 10 pick in the next draft.

☆ Consumer goods stocks are set to keep running, and it's not too late to buy, Jim Cramer says
▼ + stars: | 2023-04-28 | by ( Natasha Piñon | ) www.cnbc.com time to read: +1 min

Food and consumer goods stocks are poised to keep running, Jim Cramer said Friday, at least if no external news drags down the entire market. The resilience of snack and packaged-goods stocks will hold particularly true as debt-ceiling talks flounder, he added. Colgate-Palmolive also rallied following an earnings report that topped revenue expectations. Cramer also saw the same promise in General Mills , which hit a new 52-week high Friday, and Procter & Gamble , which beat earnings and revenue expectations last week. "Even as these consumer-packaged good stocks have run a great deal, I don't think it's too late," Cramer said.

PinnedQuarterbacks, top-10 trades and a bull market for running backs headlined the first round of this year’s N.F.L. The Carolina Panthers chose Alabama quarterback Bryce Young at No. After the Texans picked Stroud, they struck again, leaping from pick No. One unexpected development was the move toward running backs, a position that has been devalued in the N.F.L. But teams picked other quarterbacks or filled other needs, this year’s reminder that pre-draft speculation is just that.

☆ US Special Operations Command's workhorse helicopter is getting upgrades to replace parts that are nearly 50 years old
▼ + stars: | 2023-04-27 | by ( Stavros Atlamazoglou | ) www.businessinsider.com time to read: +6 min

US special operators rely on their variant, the MH-47, for missions at night and behind enemy lines. As such, the US special-operations community's workhorse helicopter is getting upgrades to replace parts that are nearly 50 years old. US Army Special Operations Command has used Chinooks for several decades. Early versions had modifications for special operations. The 160th Special Operations Aviation Regiment, nicknamed "the Night Stalkers," is the cream of the crop when it comes to US military aviation.

☆ David Solomon's private plane use gets flagged at Goldman Sachs' annual shareholder meeting
▼ + stars: | 2023-04-26 | by ( Dakin Campbell | ) www.businessinsider.com time to read: +4 min

One shareholder cites reports about Goldman Sachs CEO's use of the corporate jet. A shareholder of Goldman Sachs cited Goldman CEO David Solomon's personal use of the corporate aircraft at the company's annual meeting Wednesday morning in Dallas. Chesser put the proposal in terms of Goldman Sachs organizational processes that, he said, "look pretty weak." Solomon acknowledged Chesser's remarks, and moved to take questions before advancing to the next shareholder proposal and presentation. As Insider has previously reported, at least one other shareholder has asked Goldman's investor relations department for information about Solomon's personal use.

VARANASI, India, April 26 (Reuters) - Murali Mohan Sastry is waiting peacefully for death on the banks of the Ganges River in India's northern city of Varanasi, revered by millions of Hindus. More than a decade ago, the 82-year-old former college teacher and his wife left behind comfortable lives in the southern city of Hyderabad. Now he hopes that by dying in Varanasi, he can break the tenuous cycle of death and rebirth, an article of faith for many Hindus, in order to attain salvation. "We invite death," Sastry said soon after chanting his dawn prayers while dipping fully clothed into the waters of the river three times. Still, the devout unable to breathe their last in the holy city can take solace from the Hindu belief that will come a step closer to salvation if their remains are cremated there.

☆ April Stevens Dies at 93; Her ‘Deep Purple’ Became a Surprise Hit
▼ + stars: | 2023-04-26 | by ( Daniel E. Slotnik | ) www.nytimes.com time to read: +1 min

April Stevens, whose rushed recording of “Deep Purple” with her brother, Nino Tempo, became a chart-topping single in 1963 and won a Grammy Award, died on April 17 at her home in Scottsdale, Ariz. She was 93. The Stevens-Tempo version of “Deep Purple” — a jazz standard that had been a hit for Bing Crosby — featured the siblings harmonizing over a mellow arrangement accented with a harmonica. In one section, Ms. Stevens recited the lyrics and Mr. Tempo sang them back in falsetto. Ms. Stevens then fed them to him during that session. A friend loved the effect, Mr. Tempo said in a phone interview, and “we knew we had backed into something magical.”

☆ What to Know as the Tree of Life Massacre Trial Begins
▼ + stars: | 2023-04-24 | by ( Campbell Robertson | ) www.nytimes.com time to read: +2 min

On the morning of Oct. 27, 2018, a gunman walked into the Tree of Life synagogue in Pittsburgh and killed 11 people who had gathered to worship, the deadliest antisemitic attack in the nation’s history. On Monday, more than four years later, the trial of the man accused of the massacre will begin with jury selection. The trial will take place in two phases, the first concerning guilt and the second on the penalty. Here’s what to know as the Tree of Life trial begins:Who were the victims? The Tree of Life congregation, founded in Pittsburgh more than 150 years ago, and the smaller New Light congregation are both conservative; the third congregation, Dor Hadash, is Reconstructionist, a progressive movement within Judaism.

☆ Where Goldman Sachs CEO David Solomon takes the corporate jet
▼ + stars: | 2023-04-24 | by ( Dakin Campbell | ) www.businessinsider.com time to read: +15 min

"The Board fully supports the use of the Goldman Sachs planes for travel, just as it supported the use of private aircraft by previous Goldman Sachs executives," said Tony Fratto, a company spokesman. "Executives at Goldman Sachs have been flying on private aircrafts for decades as it is proven to be the most secure, effective, and cost-efficient solution to meet the extensive travel obligations for CEOs of firms like Goldman Sachs — which is why all of our peer institutions also extensively use private aircraft." John Waldron, president of Goldman Sachs Reuters/Brendan McDermidOccasionally, Solomon and Waldron switch planes, particularly when Waldron flies overseas. Goldman Sachs has a sponsorship deal with pro golfer Patrick Cantlay. "These estimates wildly overstate the cost of such flights to Goldman Sachs and are not an accurate representation," he said.

☆ Where is Goldman Sachs' David Solomon going on those private jets?
▼ + stars: | 2023-04-24 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Insider's Dakin Campbell compiled flight data on Goldman Sachs' two private planes from the beginning of 2022 through March of this year. Much of the focus on Goldman's jets, as Insider has previously reported, has been Solomon's personal use of them. If Goldman and Solomon are playing by the rules, why does it matter? And while I've written before about corporate jets being the scapegoat for excessive spending, that was moreso regarding business travel. Click here for all the details on where Goldman's two private planes have flown since 2022.

☆ Goldman Sachs' David Solomon invested in a luxury real-estate developer his bank failed to win business from
▼ + stars: | 2023-04-24 | by ( Jeffrey Cane | ) www.businessinsider.com time to read: +4 min

Goldman Sachs CEO David Solomon owns shares in a luxury real-estate developer, according to the NYT. David Solomon, the chief executive of Goldman Sachs, is known to fly to the Bahamas, where he has a home. The valuation the bankers gave for Discovery Land fell well short of $1 billion, and Goldman did not win that deal. Discovery Land eventually sold $300 million of shares without the help of any bank in early 2021. Insider has previously reported that at least a small number of Goldman Sachs partners and other insiders have complained about Solomon's personal jet use, as well as his side gig as a DJ.

☆ Billionaire Ken Griffin gives $20 million to Miami Dade College weeks after $300 million Harvard donation
▼ + stars: | 2023-04-24 | by ( Michelle Abrego | ) www.businessinsider.com time to read: +3 min

Billionaire Ken Griffin donated $20 million to Miami Dade College to launch a new scholarship. Earlier this month, Griffin gave $300 million to his alma mater Harvard University. On Saturday, the billionaire founder of hedge fund Citadel donated $20 million to Miami Dade College, one of the country's largest and most diverse schools. Earlier this month, Griffin gave $300 million to Harvard University, his Ivy League alma mater, where he has now donated more than $500 million. Schools like Miami Dade are "the on-ramp to the American Dream," said Griffin in a commencement speech to Miami Dade College graduates on Saturday afternoon.

☆ NHL roundup: Oilers prevail in OT, level series with Kings
▼ + stars: | 2023-04-24 | by ( ) www.reuters.com time to read: +4 min

Kevin Fiala contributed two assists as he made his playoff debut for Los Angeles after missing the past three weeks with a lower-body injury. The Oilers erased a 3-0 deficit by scoring three straight goals in the second period. After winning both games in Sunrise, the Presidents' Trophy winners will try to clinch the series in Boston on Wednesday night. Florida got goals from Tkachuk and Sam Bennett, with the goal by Bennett Florida's first successful power play of the series. Roope Hintz collected three assists for the Stars, giving him eight points (four goals, four assists) in the series.

☆ Australia to prioritise long-range strike capability in defence shakeup
▼ + stars: | 2023-04-24 | by ( Kirsty Needham | ) www.reuters.com time to read: +5 min

[1/6] Australian Prime Minister Anthony Albanese, Australian Deputy Prime Minister Richard Marles, Australian Defence Industry Minister Pat Conroy and Chief of the Australian Defence Force (ADF) Angus Campbell speak to the media at a news conference after the release of the Defence Strategic Review at Parliament House in Canberra, Australia April 24, 2023. AAP/Lukas Coch/via REUTERSCANBERRA, April 24 (Reuters) - Australia's government will prioritise long-range precision strike, domestic production of guided weapons, and diplomacy - key points of a review released Monday recommending the country's biggest defence shakeup since World War Two. Australia must also strengthen defence cooperation with Japan, India, Pacific and South East Asian nations, the review said. The review found Australia's defence force was "not fit for purpose", he said. The navy needs more smaller vessels with long-range strike weapons, with details decided after an independent analysis this year, the report said.

“Based on the completed staff investigation, the Ethics Subcommittee finds that Representative Campbell violated the Policy” against workplace discrimination and harassment, the memorandum from the workplace discrimination and harassment subcommittee states. Reps. Justin Pearson, Justin Jones, and Gloria Johnson leave the Tennessee State Capitol after a vote at the Tennessee House of Representatives to expel the three Democratic members for their roles in a gun control demonstration. Cheney Orr/ReutersReps. Justin Jones and Justin Pearson, both young, Black Democrats who represent Districts 52 and 86 respectively, were ousted from the GOP-dominated chamber. Jones and Pearson returned to the Tennessee House after they were reappointed through unanimous votes by local officials in their respective districts. The subcommittee said in its memo that it “is committed to protecting members, employees, and visitors by providing an environment free of discrimination, harassment, or retaliation.

☆ Analysis: Australia prepares more assertive military stance to deter conflict
▼ + stars: | 2023-04-21 | by ( Kirsty Needham | ) www.reuters.com time to read: +5 min

The review examined how Australia could better integrate with its AUKUS partners the United States and Britain, as well as other allies, the government has said. Changing that equation is crucial to the future of Australia's military, they said. Campbell said Australia's defence forces would enhance how they could operate alongside partners, but has ruled out foreign bases on its soil and will always retain control of its forces. Even as it beefs up its military, Australia says China will remain an important trade partner. One of the world's top LNG exporters, Australia's top gas customers last year were Japan, China and South Korea.

☆ Potential modifications to the firing mechanism of the gun prompted dismissal of charges against Baldwin, source tells CNN
▼ + stars: | 2023-04-21 | by ( Chloe Melas | ) edition.cnn.com time to read: +2 min

CNN —New information is coming to light as to what led prosecutors to dismiss involuntary manslaughter charges against actor Alec Baldwin. A source familiar with the case told CNN that the possibility of modifications to the firing mechanism of the gun was learned by the special prosecutors overseeing the case in New Mexico. The source spoke on the condition of anonymity, citing the sensitivity of the ongoing investigation. The new evidence presented has the potential to contradict the 2022 FBI forensics report on the gun, which had stated that the weapon could not be fired without pulling the trigger while the gun was cocked. CNN’s Josh Campbell contributed to this report.

☆ We mapped out the 113 most powerful people at Warner Bros. Discovery after a blockbuster merger and a tumultuous year of layoffs and cuts under CEO David Zaslav
▼ + stars: | 2023-04-20 | by ( Claire Atkinson | Lucia Moses | Taylor Tyson | ) www.businessinsider.com time to read: +2 min

Warner Bros. CEO David Zaslav is focused on rebuilding but faces economic headwinds and an advertising slump. Insider mapped out the 112 most powerful people under Zaslav leading WBD film and TV studios, HBO, CNN, and more. One year after the merger that created Warner Bros. While Kathleen Finch has joined the mix with her portfolio of Discovery channels, top TV execs from the WarnerMedia regime — HBO's Casey Bloys and Warner Bros. TV studios chief Channing Dungey — are still in place.

Search resuls for: "Campbell"

25 mentions found