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☆ This is what kind of legal trouble FTX and Sam Bankman-Fried could now face, based on details from the crypto exchange's latest bankruptcy filing
▼ + stars: | 2022-11-18 | by ( Sindhu Sundar | Samantha Delouya | ) www.businessinsider.com time to read: +5 min

FTX's bankruptcy filing shed new light on potential legal trouble for the crypto exchange and its former execs. New CEO John J. Ray III delivered a blistering assessment, calling FTX's implosion " a complete failure of corporate controls." Read some of the most incendiary parts of the bankruptcy filing and what experts say it all might mean. Sign up for our newsletter for the latest tech news and scoops — delivered daily to your inbox. "The appointment of the Directors will provide the FTX Group with appropriate corporate governance for the first time."

☆ Wall Street titan Apollo has a new class of dealmakers. Here's how 3 rose to partner while in their 30s.
▼ + stars: | 2022-11-17 | by ( Casey Sullivan | Hayley Cuccinello | ) www.businessinsider.com time to read: +23 min

He persevered through the brutal all-nighters, the perplexing spreadsheets, and the temperamental bosses who walked the halls of the midtown Manhattan investment firm. At Apollo, executives tend to grow up quickly. Some of their former colleagues have tried to make more money elsewhere, such as the hedge funds run by billionaire personalities that Apollo's executives quietly root against. Associates sometimes dealt with burnout from heavy workloads and demanding bosses by escaping for a walk through Central Park to let off steam, according to the former firm associates. We're Rayman Apollo!'"

☆ 15 signs you're about to get a job offer
▼ + stars: | 2022-11-16 | by ( Áine Cain | Allana Akhtar | ) www.businessinsider.com time to read: +1 min

Job offers are tricky — you never want to get your hopes up too much. At the same time, there are a number of subtle signs that good news will be coming your way soon. Job offers can be an ideal stepping stone to better opportunities and a brighter future. "While you can never be certain, and you definitely don't want to get your hopes up prematurely, there are certainly signs that might hint that you're about to get some good news," he told Business Insider. Here are the signs an offer might be coming your way.

☆ US Navy finds 'massive amount' of explosive material able to fuel over a dozen ballistic missiles on a fishing boat sailing from Iran
▼ + stars: | 2022-11-15 | by ( Jake Epstein | ) www.businessinsider.com time to read: +3 min

The US Navy intercepted a fishing boat in the Gulf of Oman traveling from Iran to Yemen last week. During a search, the Navy found lethal aid and a "massive amount" of explosive material. This material is able to fuel over a dozen medium-range ballistic missiles, a Navy official said. The Navy said it sank the ship last weekend and transferred the crew to Yemen's Coast Guard. Iran is the main supporter of the Houthis, who have fought a yearslong civil war against Yemen's internationally recognized government.

☆ Food sanitation company accused of employing at least 31 children on graveyard shifts in slaughterhouses
▼ + stars: | 2022-11-11 | by ( Julianne Mcshane | ) www.nbcnews.com time to read: +10 min

A leading sanitation company is accused of employing dozens of children to clean the killing floors of slaughterhouses during graveyard shifts, the Department of Labor announced. The Department of Labor’s Child Labor Regulations designates many roles in slaughterhouse and meatpacking facilities as hazardous for minors. That order requires PSSI to “immediately cease and refrain from employing oppressive child labor” and comply with the Department of Labor’s investigation. Yet, the children working overnight on the kill floor of these slaughterhouses cannot wait,” the complaint states. When they are hired by PSSI, workers sign paperwork assuming the risk of death and injury on the job, NBC News reported last year.

☆ Harris Associates backs Credit Suisse handling of governance
▼ + stars: | 2022-11-11 | by ( ) www.reuters.com time to read: 1 min

ZURICH, Nov 11 (Reuters) - Credit Suisse (CSGN.S) shareholder Harris Associates backed the Swiss bank's handling of any potential conflicts of interest for Michael Klein, then board member, and director Blythe Masters when it implemented a sweeping overhaul last month. "We believe they have properly dealt with situations where there have been conflicts," Deputy Chairman David Herro said in an emailed comment. Reuters earlier reported the bank's recent decision to exit certain investment banking activities is drawing scrutiny from at least two investors and a proxy adviser worried about how Credit Suisse managed potential conflicts of interest. Reporting by Oliver Hirt, writing by Michael Shields, Editing by Elisa MartinuzziOur Standards: The Thomson Reuters Trust Principles.

The company will be a preferred long-term partner for Credit Suisse, the bank has said. Credit Suisse declined to comment beyond Lehmann's remarks Oct. 27 when the bank unveiled the restructuring. The investment bank spin-off and the sale of the securitized products unit to Apollo are key planks of the reorganization. Klein, a 59-year-old former Citigroup rainmaker who runs advisory boutique M. Klein & Co, has been a Credit Suisse board member since 2018. Klein and Credit Suisse also have discussed combining M. Klein & Co into CS First Boston, according to one source familiar with the discussions.

☆ A social-media coach booking 6 figures in annual revenue shares 5 ways entrepreneurs can organically grow their followiners and increase income
▼ + stars: | 2022-11-11 | by ( Alexandra York | ) www.businessinsider.com time to read: +7 min

Entrepreneurs should focus on sharing a media mix including static, carousel, and video content. When the firm went under, Brulhart sought a new job that combined her passions for social media, public relations, and global growth. Her company offers services like one-on-one coaching calls and courses that help small-business owners grow their social-media followings organically, without using any paid advertisements. As social media continues to be a lucrative business opportunity, Brulhart has no shortage of clients looking to build their profiles. Small-business owners that lack large budgets for marketing can still emerge successful by focusing on engaging social media campaigns, Brulhart added.

☆ Saudi National Bank not concerned about Credit Suisse's governance
▼ + stars: | 2022-11-11 | by ( ) www.reuters.com time to read: 1 min

LONDON, Nov 11 (Reuters) - Saudi National Bank (SNB) said on Friday it had not come across any information that might raise concerns over the governance of Credit Suisse (CSGN.S) and was supportive of the transformation plan announced by the bank on Oct. 27. The comments came in response to concern from two other investors over the Swiss bank's handling of any potential conflicts of interest for Michael Klein, then board member, and director Blythe Masters when it implemented a sweeping overhaul last month. Saudi National Bank, part owned by the kingdom, has agreed to invest 1.5 billion Swiss francs ($1.59 billion) in the Swiss lender and is set to take a stake of up to 9.9%. ($1 = 0.9451 Swiss francs)Reporting By Pamela BarbagliaOur Standards: The Thomson Reuters Trust Principles.

☆ Makers of Pricey Handbags, Clothing Warn of a Slowdown
▼ + stars: | 2022-11-10 | by ( Suzanne Kapner | ) www.wsj.com time to read: 1 min

Shoppers continued to snap up expensive handbags and clothes from Michael Kors, Coach and Ralph Lauren in the recent quarter. But there were signs of a slowdown in the U.S. and China over a range of factors that include inflation, a strong dollar and China’s stringent Covid-19 policies. Michael Kors parent Capri Holdings Ltd. and Tapestry Inc., which owns Coach, lowered guidance for their current fiscal years.

☆ American Luxury Brands Just Keep Raising Prices
▼ + stars: | 2022-11-10 | by ( Jinjoo Lee | ) www.wsj.com time to read: 1 min

U.S. luxury brands have done a seamless job over the past few years of raising their prices along with their cachet with customers. So far, major companies in the space still look as sharp as ever. Coach-owner Tapestry on Thursday said its revenue grew 5% in its quarter ended Oct. 1 compared with a year earlier in constant-currency terms. Ralph Lauren saw its constant-currency revenue grow 13% over the same period, well exceeding Wall Street expectations. Capri Holdings , owner of Michael Kors and Versace, said Wednesday its revenue increased 17.5% on the same basis.

[1/4] A signage is seen in the offices of Tapestry, Inc., in Manhattan, New York, U.S., November 19, 2021. Accessible luxury brands such as Michael Kors and Ralph Lauren are likely to feel a bigger pinch than higher-priced brands, as their young core customer base looks for deals at the lower end of the fashion spectrum. Ralph Lauren said its holiday quarter revenue would be hit by slowing demand in North America and Europe, where soaring energy costs are also pinching consumer wallets. Tapestry and Ralph Lauren also warned a stronger dollar would hit their earnings. Ralph Lauren shares, which have lost almost a quarter of their value this year, rose about 5% in premarket trading after the company beat second-quarter sales and profit expectations.

☆ Remaking the River That Remade L.A.
▼ + stars: | 2022-11-10 | by ( Michael Kimmelman | Photographs Adali Schell | ) www.nytimes.com time to read: +33 min

Remaking the River That Remade L.A.February 1938 was a wet month in Los Angeles. Reservoirs overflowed, dams topped out and floodwaters careered down Pacoima Wash and Tujunga Wash toward the Los Angeles River. The Los Angeles River was never a storybook river of the kind that, like the Hudson or the Seine, we associate with great cities. Among the naysayers is a venerable organization called Friends of the Los Angeles River, founded by the Texas-born poet and performance artist Lewis MacAdams. “With all the problems L.A. is facing,” he said, “even if it costs $50 billion to fix the river, we should just effing do it.”The headwaters of the Los Angeles River aren’t easy to find.

☆ Michael Kors-owner Capri cuts holiday forecasts on slow China recovery
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: +1 min

Nov 9 (Reuters) - Michael Kors-owner Capri Holdings Ltd (CPRI.N) on Wednesday lowered its sales and profit forecasts for the holiday period, blaming a slow demand recovery in China due to persistent COVID-19 curbs and uncertainty about the global economy. Luxury goods companies have managed to pass on higher costs to affluent shoppers, but China remains a sore spot as Beijing's "dynamic zero-COVID" policy hampers the return of consumers to high-fashion stores. COVID disruptions in China have also weighed heavily on Kering's (PRTP.PA) Gucci, Canada Goose Holdings (GOOS.TO) and L'Oreal (OREP.PA). Capri, which also owns Versace and Jimmy Choo, cut its holiday-quarter sales forecast to $1.53 billion, from $1.65 billion, and lowered its profit forecast to $2.20 per share from $2.45 per share. It forecast fiscal 2023 revenue of $5.70 billion, compared with its prior estimate of about $5.85 billion.

☆ Inflation, Recession Fears Have Some Holiday Shoppers Trading Down
▼ + stars: | 2022-11-06 | by ( Suzanne Kapner | ) www.wsj.com time to read: 1 min

Many shoppers are trading down to less expensive clothing and accessories—swapping Lululemon leggings for Uniqlo and expensive lingerie for Target bras and panties—as inflation eats into their disposable income and a rocky stock market erodes their wealth. The downshift raises concerns about the coming holiday season, historically a time when many people splurge on designer handbags, fine jewelry and other extravagant purchases for themselves or loved ones. Investors will get updates on shopping attitudes this week when Ralph Lauren Corp., Michael Kors parent Capri Holdings Ltd. and Tapestry Inc., the owner of Coach, report their latest results.

Patrick Pleul/Getty Images; Vicky Leta/InsiderLate Thursday, Elon Musk began his much-anticipated mass layoffs at Twitter. The layoffs are part of a new culture that Musk has unleashed at the company. But now, this person said, the company's new workaholic culture is "psychologically unsafe" and has "Elon's stamp all over it." How Gen Z is shaping the workplace. They're happier, they have a lot more confidence, and they feel like they're able to conquer a lot more than before."

KYIV, Ukraine — Russian control of the key southern Ukrainian city of Kherson appeared increasingly in doubt Thursday after officials suggested that the Kremlin's troops would withdraw from the west bank of the Dnieper River. Civilians remaining in Kherson city should leave immediately as they are putting their lives in danger, he added. The dam holds back an enormous reservoir and controls the water supply to the Crimean Peninsula, which Russia annexed in 2014. Ukrainian forces have targeted the main river crossings for months, making it difficult for Russia to supply its huge force on the river’s west bank. Yurii Sobolevskyi, the deputy head of Ukraine’s Kherson regional council, remained cautious about the Russian forces’ intentions.

NEW YORK/ LONDON, Nov 3 (Reuters Breakingviews) - First Boston is an old Wall Street name that’s re-emerging from Credit Suisse (CSGN.S) with some new features. Credit Suisse Chief Executive Ulrich Körner is reshaping the $11 billion group to put some bad years and big losses firmly in the past. Credit Suisse is setting up joint ventures between CS First Boston and the parent’s trading and wealth management businesses, according to a person familiar with the matter. An added complication is that CS First Boston bankers could be getting paid in their own division’s stock, rather than Credit Suisse shares. Michael Klein will step down from the Credit Suisse board of directors to help launch CS First Boston, the bank said.

☆ The 30 companies business students around the world most want to work for
▼ + stars: | 2022-11-02 | by ( Madison Hoff | ) www.businessinsider.com time to read: +3 min

Business students want to work at Apple, along with accounting firms and various automotive companies. Business students from around the world hope they can work at Apple. The business standing ranking was determined this year by almost 90,000 business students from across the world. Tech companies Apple, Google, and Microsoft made up this year's top three spots in the business student ranking. The following are the 30 companies that made the top of the business student ranking and how each company's 2022 rank compares to their standing in 2021.

☆ Inside the $23 million mega-mansion that Yankee Candle built
▼ + stars: | 2022-11-01 | by ( Robert Frank | ) www.cnbc.com time to read: +5 min

It was built by Kittredge's father, Michael Kittredge II, who made his fortune as the founder of the Yankee Candle Company. Juggler Meadow is listed at nearly 10 times that amount, but is also a rare combination of space, amenities and sports facilities. Kittredge began making more, and in the early 1970s founded Yankee Candle Company. By the late 1990s, Yankee Candle had become the biggest scented candle company in the county. With the flood of cash and a non-compete clause that prevented him from launching another candle company for years, Kittredge built his dream life.

☆ Czechs rally against rising extremism and voice support for Ukraine
▼ + stars: | 2022-10-30 | by ( ) www.reuters.com time to read: +2 min

"Thank you for coming to face your fear," the group's founders said in unison to the crowd. "We will not let Russia drag us or the whole world into darkness," said in Ukrainian. High energy prices, fuelled by the war in Ukraine, have piled pressure on governments across Europe to cushion the blow of mounting energy costs for consumers and businesses. In the Czech Republic, Prime Minister Petr Fiala's government has signed up to EU sanctions against Russia and taken a tough stance over Moscow's invasion of Ukraine. It has also adopted a string of measures, including financial aid for companies and price caps on electricity for households.

☆ Megan Fox and Machine Gun Kelly channeling ‘Pam & Tommy’ top the list of celebrity Halloween costumes
▼ + stars: | 2022-10-30 | by ( Dan Heching | ) edition.cnn.com time to read: +2 min

CNN —Some throwbacks to notable ’90s-era celebrities were standouts as the stars stepped out this weekend in costume for their Halloween festivities. One couple acknowledged a pair that came before them, when Megan Fox and Machine Gun Kelly channeled Pamela Anderson and Tommy Lee, respectively, at the Casamigos Halloween Party Returns in Beverly Hills, California on Friday night. Josh Duhamel and Audra Mari at the Casamigos Halloween Party Returns in Beverly Hills on Friday in Beverly Hills, California. at the Casamigos Halloween Party Returns in Beverly Hills, California on Friday. Vanessa Hudgens as Black Swan at the Thriller Night Halloween Party, hosted by Prince Michael Jackson, at the Jackson Family Home in Encino, California on Friday.

Michael Klein in 2010, after his departure from Citigroup. Michael Klein has been a matchmaker to some of the world’s most powerful companies and investors since leaving Citigroup Inc. more than a decade ago. Now, he has found his own match—as soon-to-be chief executive of Credit Suisse Group AG’s newly incarnated investment banking unit, CS First Boston—in a third act that enables him to become a major Wall Street CEO.

☆ Ivanka Trump accepts Czech state award on behalf of late mother Ivana
▼ + stars: | 2022-10-29 | by ( ) www.reuters.com time to read: +1 min

[1/4] Ivanka Trump accepts a state award on behalf of her late mother Ivana Trump, first wife of former U.S. President Donald Trump, from Czech President Milos Zeman, with her brother Donald Trump Jr., during an award ceremony at Prague Castle, in Prague, Czech Republic, October 28, 2022. REUTERS/Bundas EnglerPRAGUE, Oct 29 (Reuters) - Former U.S. President Donald Trump’s daughter Ivanka has accepted a Czech state award honouring her late mother Ivana who emigrated to the United States in the 1970s but kept close ties to her native country. Born Ivana Marie Zelnickova Czechoslovakia, Ivana Trump grew up in Zlin some 300 km (186 miles) from Prague. She met Donald Trump on a modelling trip to New York in 1976 and became his first wife when they married nine months later. Ivana Trump told CBS television in 2017 that Trump offered her the role of ambassador to the Czech Republic but that she turned it down.

☆ Czech protesters call for new government, direct gas talks with Russia
▼ + stars: | 2022-10-28 | by ( ) www.reuters.com time to read: +1 min

[1/5] Demonstrators take part in an anti-government protest rally advocating for the country to bypass EU-backed sanctions against Russia and purchase gas directly from Moscow, in Prague, Czech Republic, October 28, 2022. The organising group "Czech Republic First!" Protesters waved Czech flags, chanted "Resign, Resign" and carried signs calling for an exit from NATO and the EU. "This is a new national revival and its goal is for the Czech Republic to be independent," event organiser Ladislav Vrabel said. The Czech government of Prime Minister Petr Fiala has signed up to EU sanctions against Russia and taken a tough stance over the invasion of Ukraine.

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