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New York CNN —Disney is greatly expanding its investment into theme parks and cruises, the company said Tuesday. The investment comes at a time the company is facing revenue challenges in its streaming services, movie and television assets — almost everywhere but its international theme parks. The theme park, which was announced in 2019, is set to include restaurants, hotels and, of course, rides. It will become the third theme park within the Universal Orlando Resort, stepping up its rivalry with Walt Disney World’s four theme parks. Trouble at homeDisney said Tuesday that it is focused on “expanding and enhancing” its theme parks, in the US and internationally, along with its cruise lines.
Persons: That’s, Walt Disney, Ricardo Ramirez Buxeda, Alicia Stella, didn’t, , Josh D’Amaro, Wakanda, Disney, Horacio Villalobos, Corbis, Kevin Lansberry, Bob Iger, ” Iger, Florida Governor Ron DeSantis, “ Disney, Stella Organizations: New, New York CNN, Disney, Disney Parks, SEC, Universal Orlando Resort, Orlando Sentinel, Tribune, Service, Star Wars, Getty, Parks, Walt Disney, Florida Governor Locations: New York, Parks, Orlando , Florida, Orlando, Anaheim , California, Asia, , Florida
Customers carry their purchases as they leave the U.K.'s first branch of Amazon Fresh in the Ealing area of London, England, March 4, 2021. Amazon on Tuesday announced a new version of its cashierless checkout system, allowing customers to buy clothing without having to wait in line. The updated version of the company's Just Walk Out system incorporates radio-frequency identification, or RFID, technology, and each item in a store will feature an RFID tag. Avery Dennison, a materials science and digital identification company, built the RFID technology, according to Amazon. If retailers adopt the technology, it could mark a significant expansion for Amazon's Just Walk Out system.
Persons: Avery Dennison, Lumen Organizations: Amazon, National Football League's Seattle Seahawks Locations: Ealing, London, England, Seattle
Starbucks — Shares fell 2% in midday trading following a downgrade to market perform from TD Cowen. Instacart — The grocery delivery stock roared out the gates as it debuted on the public market midday Tuesday, with shares popping about 12.3% and closing at $33.70. Planet Fitness — Shares of the gym franchise slid 4.2% after JPMorgan downgraded the stock to a neutral rating from overweight. The Wall Street firm also upgraded Carnival to hold from sell, sending shares nearly 0.5% higher. Raymond James earlier upgraded Rackspace to outperform from market perform and said it likes the company management's execution.
Persons: TD Cowen, Andrew Charles, George Wang, Evercore, Chris Rondeau, Lab's, Lazard, Goldman Sachs, Raymond James, — CNBC's Brian Evans, Jesse Pound, Samantha Subin, Yun Li, Lisa Kailai Han, Michelle Fox Organizations: Starbucks, Disney, Barclays, Deere, JPMorgan, Bank of America, Truist, Technology Locations: Alhambra , California, Los Angeles, China, New Zealand
Retail park bounce adds nail to high street coffin
  + stars: | 2023-09-19 | by ( ) www.reuters.com   time to read: +2 min
LONDON, Sept 19 (Reuters Breakingviews) - Retail parks are a beacon of hope in a gloomy UK property market. Since their 2015 peak, average retail rents have come down by a third, analysts estimate. Retail parks are also good for e-commerce as they allow customers to drop off and pick up orders. That’s not the case on the high street, where business rates and high rents have driven tenants out. Today’s 2.5% rise in its shares suggests investors need more than growing retail parks to be convinced of its prospects.
Persons: That’s, Aimee Donnellan, Francesco Guerrera, Oliver Taslic Organizations: Reuters, Sports, Land, Centre for Retail Research, X, Thomson
CNN —Police in a quiet community outside Chicago who are investigating the shooting deaths of a family of four, including two children, in their home Sunday night say it wasn’t a random incident. The two adults, their two children and their three dogs were found with gunshot wounds in their home in Romeoville, Illinois, about 30 miles southwest of Chicago, officials said. Two adults and two children were found dead with gunshot wounds at their home in Romeoville, Illinois, police announced Monday. WBBMThe Will County Major Crimes Task Force has been brought in to assist investigators with gathering evidence and reviewing video, according to Burne. “Our entire community is grieving with the family over this tragic incident,” Romeoville Mayor John D. Noak said Tuesday.
Persons: Chris Burne, ” Burne, Alberto Rolon, Zoraida Bartolomei, Burne, , Carol Love, Dan Lugo, Rachel Kinder, ” Kinder, , John D, Noak Organizations: CNN — Police, Police, Romeoville Police Department, Force, CNN, WBBM, Hill Elementary Locations: Chicago, Romeoville , Illinois, Will, Concord
Disney’s theme parks will generate an estimated $10 billion in profit this year, up from $2.2 billion a decade ago. Disney’s overseas parks — aside from Tokyo Disney Resort, which it receives royalties from but does not own — have sometimes struggled to turn a profit. That amount is double what Disney spent on parks and the cruise line over the past decade, which was itself a period of greatly increased investment. Disney has also poured money into its Paris and Hong Kong parks, with themed expansions tied to “Frozen” and other Disney films scheduled to open soon. Three more ocean liners are on the way, bringing the Disney fleet to eight ships, and Disney is nearing completion of a new port on a Bahamian island.
Persons: Robert A, Iger, Ron DeSantis, Disney, Organizations: Walt Disney, Tokyo Disney Resort, Disney Cruise, Disney, Shanghai Disney Resort, Guardians, Galaxy Locations: Anaheim , Calif, Orlando, Fla, Tokyo, Shanghai, Paris, Hong Kong
Disney said in a securities filing Tuesday it will nearly double its planned investment in its parks division to roughly $60 billion over the course of 10 years. Still, the company's domestic parks, particularly Walt Disney World in Florida, have seen a slowdown in attendance and hotel room occupancy. Disney will lean on its brands and intellectual property as it builds out its theme parks. The company planned to unveil more details about the investment at its investor day Tuesday. Disney highlighted the historical results of the parks and experiences business since 2017 on the back of heightened investment.
Persons: Disney, Bob Iger Organizations: Disney, Walt Disney Locations: Florida, Hong Kong, Paris, Tokyo, Shanghai
She says having a big family is like a birthday party where the guests never leave. People always compare large families to reality-TV stereotypesWhen people hear we're a large family, they immediately compare us to the Duggars, but that's a negative stereotype of big families. Moms of large families are often seen as supermoms, but we have hard days just like everybody else and need help sometimes. Having a big family is like hosting a birthday party every dayHaving a large family is like hosting a birthday party every day. We'd owned our home in Virginia for 16 years, so we hadn't thought about the bias we would face as a large family trying to rent.
Persons: Jane Brosseau, Brosseau, I'm, It's, I've, it's, We're, Fred Meyer, We've, we've Organizations: Service, Walmart, Costco, Facebook Locations: Wall, Silicon, Washington, Northern Virginia, Virginia, East
Sept 19 (Reuters) - Walt Disney (DIS.N) said on Tuesday it would nearly double its capital expenditure for its parks business to about $60 billion over the next 10 years. Disney CEO Bob Iger and Josh D'Amaro, the company's parks chief, announced the accelerated pace of investment at a gathering of Wall Street analysts and investors at Walt Disney World Resort in Orlando, Florida, focused on the company's parks business. Parks have become a reliable profit engine for Disney and has helped cushion losses in the Disney+ streaming business, which is expected to become profitable only next year. The announcement of the planned investment followed a slowdown at Walt Disney World in Orlando, as attendance surges at its parks around the world, particularly Shanghai Disney Resort and Hong Kong Disneyland. Disney also plans to nearly double the capacity of its cruise line, adding two ships in fiscal 2025 and another in 2026.
Persons: Walt Disney, Bob Iger, Josh D'Amaro, Parks, Iger, Disney, Ron DeSantis, Mario Anzuoni, Paul Verna, Thomas Hayes, Samrhitha, Dawn Chmielewski, Shailesh Kuber, Chizu Nomiyama, Paul Simao, Aurora Ellis Organizations: Disney, Wall Street, Walt Disney World, Disney California, Hollywood Studios, Republican, REUTERS, Insider Intelligence, Walt Disney, Shanghai Disney Resort, Great, Thomson Locations: Orlando , Florida, California, Orlando, Florida, Anaheim , California, U.S, Shanghai, Hong Kong, Great Hill, Bengaluru, Dawn, Los Angeles
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOne thing Disney has that Netflix doesn't is theme parks, says Jim Cramer'Mad Money' host Jim Cramer talks headwinds facing the market right now and what they could mean for the months ahead.
Persons: Disney, Jim Cramer, headwinds Organizations: Netflix
CNN —A bear that prompted partial closures at Walt Disney World’s Magic Kingdom on Monday was captured without incident and is being relocated, according to a news release from Florida Fish & Wildlife Conservation Commission. Nearly a dozen attractions were closed on Monday at the time authorities were trying to locate the bear at Magic Kingdom, according to the My Disney Experience app. WESHIt was not clear if the closures, or how many, were related to the bear sighting. CNN has reached out to Disney for more details about specific closures but has not heard back yet. There are three other major parks at the resort: EPCOT, Hollywood Studios and Animal Kingdom.
Persons: ” FWC, FWC, Sawyer, Craig Williams, Disney, , Shawn Nottingham, Carlos Suarez, Melissa Alonso, Kate Conerly Organizations: CNN, Walt Disney World’s, Florida Fish & Wildlife Conservation Commission, Ocala National Forest, Disney, Walt Disney World Railroad, Liberty Square, Hall, Presidents, Haunted, Liberty, WESH, Hollywood Studios, Animal Locations: Ocala, Magic, Caribbean, Frontierland, EPCOT, Animal Kingdom
United Parcel Service's (UPS) newly launched electric delivery truck is seen in Compton, California, U.S., September 13, 2023. Collectively, zero-emission delivery startups have raised around $1 billion so far, according to Pitchbook and data collected by Reuters. H&M, the world's second-largest fashion retailer, said it is scaling up a number of zero-emission delivery initiatives "through a variety of partnerships like the one... with Liefergrun." "Some customers are pushing very, very hard for as many zero-emission deliveries as possible," Hoed said. DHL's Zou said zero-emission delivery startups are not a threat, but added "we are always keen to look at them either for a commercial partnership or working together."
Persons: Lisa Baertlein, Germany's Liefergrun, Niklas Tauch, Tauch, Yin Zou, Tristan Thomas, DutchX, Marcus Hoed, Hoed, DHL's Zou, Sven Etzelsberger, Thomas Goldsby, Goldsby, Rob King, Zedify, King, Nick Carey, Ben Klayman, David Gregorio Our Organizations: REUTERS, LOS, Reuters, FedEx, Deutsche Post DHL Group, United Parcel Service, Mercedes, Benz, DHL, Deutsche Post DHL, Amazon, Foods, IKEA, University of Tennessee, UPS, Thomson Locations: Compton , California, U.S, New York, Berlin, Germany, Austria, Netherlands, London, Liverpool, Birmingham, Manchester, Europe, Manhattan, Philadelphia, California
How to Cool Down a City
  + stars: | 2023-09-18 | by ( Pablo Robles | Josh Holder | Jeremy White | ) www.nytimes.com   time to read: +13 min
But unlike most cities, Singapore is spending enormous resources to try to cool itself down — and learning lessons that could help other cities. But unlike most cities, Singapore is spending enormous resources to try to cool itself down — and learning lessons that could help other cities. Building without cool paint Building coated with cool paint Building without cool paint Building coated with cool paint Satellite image by Planet LabsSimple design decisions can also have a big impact on a building’s temperature. Singapore has built out a more systematic solution, a network of green corridors that connect green spaces together and allow cool air to flow throughout the city. “A corridor can at least generate this kind of cool air circulation in a city.
Persons: , Brian Stone Jr, Khoo, Stone, it’s, , Nicholas Lin, Richard Hassell, Winston Chow, “ You’ve, Singapore Rebecca Toh, Chow, Tamara Iungman, Adele Tan Organizations: Georgia Institute of Technology, , The New York Times, Planet Labs, WOHA Architects, Cooling, Research, Phoenix, Climate Central, SINGAPORE Marina Bay Network, National Parks Board, Barcelona Institute, Global Health, Singapore’s, Redevelopment Authority, Urban Locations: Singapore, Phoenix, Mumbai, Singapore’s, Puat, , L.A, ” Singapore, Pickering, The New York Times Singapore, New York City, Jurong Lake, Cooling Singapore, Marina Bay, downtowns, Ariz, Maricopa County, shadeless, Marina, Paris, Bishan, MALAYSIA, SINGAPORE, Medellín, Colombia,
Disney's strong asset portfolio could aid the transition to streaming, according to Raymond James. The firm initiated coverage of Disney stock on Sunday with an outperform rating accompanied by a $97 per share price target. Disney stock has slipped 1.5% from the start of the year. DIS YTD mountain Disney stock has declined 1.5% from the start of 2023. "Media companies are grappling with the transition from the profitable but declining Linear TV to the mostly unprofitable (as of now) but growing Streaming business," Pretiss says.
Persons: Raymond James, Ric Prentiss, Pretiss, — CNBC's Michael Bloom Organizations: Disney, DIS, Media, Marvel, Star Wars, Hulu, Comcast
The southern white rhinos, thought to be the largest single population of their kind, were put up for auction in April with a starting price of $10 million. But the conservation group African Parks announced this month that it had reached a deal to take over the herd. “We felt we had a moral obligation to step in,” Peter Fearnhead, the group’s co-founder and chief executive, said. The 30-square-mile farm, Platinum Rhino, about 100 miles southwest of Johannesburg, was set up in 2009 by John Hume, a businessman originally from Zimbabwe. Mr. Hume has said that he created the farm because he wanted to help rhinos by building up their numbers.
Persons: ” Peter Fearnhead, John Hume, Hume Organizations: African Parks, Rhino Locations: South Africa, Johannesburg, Zimbabwe
WTA roundup: Ashlyn Krueger wins 1st title at Japan Open
  + stars: | 2023-09-18 | by ( ) www.reuters.com   time to read: +2 min
[1/2] FILE PHOTO:Aug 6, 2023; Montreal, Quebec, Canada; Camila Giorgi (ITA) hits a forehand against Ashlyn Krueger (USA) (not pictured) in second round qualifying play at IGA Stadium. 123 in the world, Krueger, 19, entered the week without a main-draw win on hard court this year and had never advanced past a quarterfinal of a WTA event. Krueger had the edge in aces, 7-3, and never had to save a break point in the 96-minute match. She broke Zhu on her first service game of the match, and Zhu was 1-for-2 in saving break points. "I think I was very aggressive today, playing a lot of really aggressive tennis and using my serve," said Krueger, who recorded 28 winners to 13 for her opponent.
Persons: Camila Giorgi, Ashlyn Krueger, Eric Bolte, Ashlyn Krueger didn't, Zhu Lin, Krueger, China's Zhu, Zhu, Grace Min, Elise Mertens, Yanina, Mertens, Jasmine Paolini, Louisa Chirico, Karolina Pliskova, Ena Shibahara, Sloane Stephens, Ann Li, Canada's Leylah Fernandez breezed, Asia Muhammad, Taylor Townsend, Hailey Baptiste, Eugenie Bouchard of Canada, Dayana, Martina Trevisan, Cristina Bucsa Organizations: IGA, Japan, WTA, Dallas, United, Thomson Locations: Montreal, Quebec, Canada, Osaka, Guadalajara, Mexico, Ukraine, United States, Italy, Czech, Japan, U.S, Asia, Alycia, Spain, Belarus
Disney 's motivation to potentially sell ABC and its owned affiliates, linear cable networks and a minority stake in ESPN isn't predicated on what these assets will fetch in a sale. It's about signaling to investors the time has come to stop thinking about Disney as old media. Rather, a sale of ABC and linear cable networks would be a message to the investment community: The era of traditional TV is over. "Disney almost has a good bank and a bad bank at this point," Wells Fargo analyst Steven Cahall said in a CNBC interview. Nexstar has held preliminary conversations with Disney to acquire ABC and its owned and operated affiliates, Bloomberg reported Thursday.
Persons: Walt Disney Company Bob Iger, Mickey Mouse, that's, Bob Iger, Wells, Steven Cahall, Disney, Byron Allen Organizations: Walt Disney Company, New York Stock Exchange, ABC, ESPN, Disney, CNBC, Nexstar, Bloomberg, . Media, Geographic Locations: New York City
Having spent seven years in the costly city, Cheng couldn't ignore the profound effect its high living expenses were having on his finances. In 2021, almost 108,000 people migrated from California to Texas, according to an analysis of the most recent Census data. AdvertisementAdvertisementAs COVID-19 shut down the city, Cheng felt as if he and his wife's hard-earned money was being squandered. Courtesy of Jackie Burse"I chose the area because it's more affordable to live here as a single woman," Burse told Insider. While living in California, Burse had become increasingly concerned about parental rights and policy makers "overstepping boundaries."
Persons: Pengyu Cheng, Cheng couldn't, Cheng isn't, Thompson, Cheng, Austin, Jackie Burse, Burse, I've, I'm, Michael Sullivan, Rosa, Sullivan, Michael, Rosa's Organizations: Golden, Service, San, Bay Area, Apple, Texans, Republican, Sullivans, Corpus Christi Locations: California, Texas, Golden State, San Francisco, Bay, Valley, Redfin . Texas, Pengyu, Austin, Orange County, San Antonio , Texas, In California, San Antonio, Madera , California, Kingsville , Texas, Madera, Fresno, Kingsville, Corpus
CNN —UNESCO’s World Heritage Committee has wrapped up its deliberations related to sites that are in danger and began adding new sites on Saturday to its prestigious World Heritage List. Deliberations started Saturday considering 50 sites nominated for the well-known World Heritage List. Yurii Stefanyak/Global Images Ukraine/Getty ImagesThe World Heritage in Danger List includes heritage sites that are threatened by forces such as armed conflict, natural disasters, pollution and more. World Heritage ListAs discussions moved to contenders for the World Heritage List, the Forest Massif of Odzala-Kokoua in Congo was inscribed on Saturday. Sites must be of “outstanding universal value” to be added to the World Heritage List, according to UNESCO.
Persons: CNN —, Sophia Cathedral, Ukraine —, Mount Pelée, Yurii, Sophia, , , ” CNN’s Marnie Hunter, Francesca Street Organizations: CNN, Kyiv, UNESCO Locations: Ukraine, Kyiv, Pechersk, Lviv, Odzala, Congo, Mount, Martinique, Venice, Long, Ba, Ha Long, Denmark, Ohio
CNN —Colorado wildlife officers had to euthanize a sick bear after receiving multiple calls from concerned residents in Telluride. And during a necropsy, wildlife officers came across a disturbing discovery inside the bear. “There was all these paper towels, wipes, plastic bag type materials, and indigestible food content,” said John Livingston, Colorado Parks and Wildlife spokesperson. ‘Bears can smell things up to five miles away’A bear -- not the one that was euthanized — gets into a trash can outside a home in Colorado. Colorado Parks and WildlifeHowever, if bears are frequently being seen in proximity to homes, it is cause for concern.
Persons: , John Livingston, ” Livingston, , Rachel Sralla, ” Sralla, “ CPW, , “ There’s, Livingston Organizations: CNN, Colorado, John Livingston , Colorado Parks and Wildlife, Colorado Parks and, , Colorado . Colorado Parks, Wildlife, ” Bears, “ Bears, Colorado Parks and Wildlife Locations: Telluride, John Livingston , Colorado, Colorado, Colorado . Colorado, , there’s
But something less talked about is burnout among managers — that's our big story today. "It impacts your attention, impacts your judgment, impacts your memory, impacts your decision-making ability. I spoke with multiple experts about signs that your manager is burnt out:AdvertisementAdvertisementFear. "It's important to realize that every manager has a manager," Sood said. Multiple "corporate goths" spoke with Insider about the importance of being true to themselves, even in the office.
Persons: , Violeta Stoimenova, Amit Sood, Bonita Eby, Eby, Sood, Eufrosina Young, Arantza Pena Popo, Millennials, Jordan Hart, who's, Gen Zers, Coco Gauff poes, Frey, Kevin Mazur, MTV Dunkin, bev, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Customs, MTV, Spice Locations: Wall, Silicon, Disney, Eyeliner, . Massachusetts , Minnesota, Hawaii, Georgia, New York City, San Diego, London, New York
CNN —Ovidio Guzman Lopez, son of Mexican drug lord Joaquin “El Chapo” Guzman, has been extradited from Mexico to the United States, the US Department of Justice has announced. Guzman was flown to Chicago and landed Friday afternoon, Northern District of Illinois Assistant US Attorney Joseph D. Fitzpatrick told CNN. Following his arrest in Culiacán, chaos erupted in the city with authorities asking citizens to shelter at home as law enforcement clashed with cartel members in various parts of the city. In his statement following the extradition, Attorney General Garland paid tribute to the law enforcement officials involved. “The fight against the cartels has involved incredible courage by United States law enforcement and Mexican law enforcement and military service members, many of whom have given their lives in the pursuit of justice,” Garland said.
Persons: CNN — Ovidio Guzman Lopez, Joaquin “ El Chapo ” Guzman, General Merrick B, Garland, Guzman, ” Garland, Joseph D, Fitzpatrick, hasn’t, Andrés Manuel López Obrador, Emma Coronel Aispuro, El, Chapo ”, Joaquín Guzman, Lopez, , Edgar Guzman, , General Garland, “ El Organizations: CNN, US Department of Justice, Northern District of Illinois, US, US State Department, State Department, United, Department Locations: Mexico, United States, Sinaloa, Chicago, Northern District, Culiacán, Colombia, Argentina, , Altiplano
Governor of New Mexico Michelle Lujan Grisham speaks at a Democratic Party of New Mexico campaign rally featuring U.S. President Joe Biden at the Gallegos Community Center in Albuquerque, New Mexico, U.S., November 3, 2022. Her unusual moved pulled New Mexico into a national debate on gun rights and public safety. “I’m going to continue pushing to make sure that all of us are using every resource available to put an end to this public health emergency with the urgency it deserves,” the Democratic governor said in a statement. A federal judge on Wednesday temporarily froze the firearms provisions of Lujan Grisham's initial health order pending further litigation. Keller on Wednesday urged Lujan Grisham to call a special session of the state legislature on gun violence.
Persons: New Mexico Michelle Lujan Grisham, Joe Biden, Kevin Lamarque, Michelle Lujan Grisham, “ I’m, Lujan, Lujan Grisham's, Tim Keller, Keller, Lujan Grisham, Andrew Hay, Donna Bryson, Grant McCool Organizations: Democratic Party of New, U.S, Gallegos Community Center, REUTERS, Democratic, National, Supreme, Albuquerque, Wednesday, Thomson Locations: New Mexico, Democratic Party of New Mexico, Albuquerque , New Mexico, U.S, Albuquerque, Bernalillo, New
SINGAPORE, Sept 15 (Reuters) - Big lizards are a familiar sight in equatorial Singapore but they startled Red Bull's double world champion Max Verstappen and other drivers after straying onto the Formula One racetrack during practice on Friday. "It's going to be a brave marshal to go out and pick one of those up," Red Bull team boss Christian Horner told Sky Sports television. Local fauna are not uncommon company, with drivers used to groundhogs and foxes on Canada's Gilles Villeneuve circuit in Montreal. Friday's lizard incursion recalled the 2016 Singapore race when Verstappen was surprised on track by a big one that his engineer dubbed "Godzilla". They are also diurnal, meaning they sleep at night, and will hopefully pose no further difficulty for drivers preparing for Sunday's night race.
Persons: Red, Max Verstappen, Christian Horner, Canada's Gilles Villeneuve, Verstappen, Gianpiero, Max, Horner, Tom Westbrook, Ken Ferris Organizations: Sky Sports, Singapore's, Parks ' Board, Thomson Locations: SINGAPORE, Singapore, Montreal, Malaysia
Disney is in talks to sell ABC to Nexstar, Bloomberg first reported. But the reported talks are another sign that Iger means business when it comes to Disney's streaming future. The company's direct-to-consumer business reported a loss of $2.2 billion in the first nine months of the year — 12% less than during the same period last year. But even if he does sell ABC — and manages to get a good price for it, despite its ominous future — his challenges are far from over. AdvertisementAdvertisementSo, then, what does the deal to sell ABC mean?
Persons: Bob Iger's, Bob Iger, Iger, Peter Csathy, he's, ABC's, Brian Roberts, there's, it's Organizations: Disney, ABC, Nexstar, Bloomberg, Service, Nexstar Media Group, Walt Disney Company, CNN, ESPN, Hulu, Hollywood, Magic Locations: Wall, Silicon, Sun, Iger, Hulu —, Hollywood, Magic Kingdom
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