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“While falsely contending over the last several months that the Oates Trust wanted to maintain ownership in WOE, John Oates and the Co-Trustees engaged in the ultimate partnership betrayal," Hall said in a declaration. The lawsuit contends that Hall opened an arbitration process on Nov. 9 against Oates and the other defendants in the lawsuit, Oates’ wife, Aimee Oates, and Richard Flynn, in their roles as co-trustees of Oates’ trust. Primary Wave has already owned “significant interest” in Hall and Oates’ song catalog for more than 15 years. “I am deeply troubled by the deterioration of my relationship with, and trust in, John Oates,” Hall said in the declaration. Hall & Oates was inducted into the Rock & Roll Hall of Fame in 2014 and its latest album, “Home for Christmas,” was released in 2006.
Persons: Daryl Hall, John Oates, Oates, Hall, , Derek Crownover, , Aimee Oates, Richard Flynn, Oates ’, ” Hall, he's, ” Oates, it’s Organizations: Oates, Oats Enterprises, Investment Management, Oates Trust, Oates Enterprises, Temple University, Atlantic Records, Roll Hall of Fame, Associated Press Locations: Tenn, Nashville, Hall, U.S, Japan
Ferrovial ends bumpy Heathrow ride on a high
  + stars: | 2023-11-29 | by ( ) www.reuters.com   time to read: +2 min
LONDON, Nov 29 (Reuters Breakingviews) - Ferrovial (FERF.AS) may be relieved to be exiting one of the world’s busiest airports. The Spanish infrastructure giant has sold its final stake in Heathrow, left over after its 2006 acquisition of BAA, which owned the hub along with Stansted and Gatwick. Regulators forced BAA to sell airports like Gatwick on competition concerns, and Ferrovial later trimmed its stake to just 25%. In 2020 Covid-19 struck, and Heathrow has since been locked in disputes with airlines like British Airways, who accuse it of overcharging. The price paid by Ardian and Saudi Arabia’s Public Investment Fund values Heathrow including debt, at 25 billion pounds, a 27% premium to its regulated asset base.
Persons: , Aimee Donnellan, Julius Baer’s, Lisa Jucca, Streisand Neto Organizations: Reuters, BAA, Stansted, Regulators, Gatwick, Heathrow, British Airways, Saudi Arabia’s Public Investment Fund, Jefferies, X, Barclays, Thomson Locations: Spanish, Heathrow, Gatwick, It’s
Kelly Kim, a model and influencer, first shared the story in a TikTok video posted on November 7, although she said the events transpired months ago. She first found out about Kim's viral TikTok video when someone commented about it on her Instagram, she said. While her name wasn't used in Kim's video, Lee told BI that she connected the dots after watching it. AdvertisementLee said that while it "didn't feel right" to come to the internet with such a private issue, she decided to post her own TikTok video to clear up misconceptions about her. Lee told BI that the response to the video has felt overwhelming, and that she has turned off her notifications.
Persons: there's, , Kelly Kim, Kim, she'd, I'm, TikTok, commenter, Joanna Lee, Lee, wasn't, It's, ghosting Organizations: Service, Business Locations: Los Angeles
Barclays strategic fix will entrench low valuation
  + stars: | 2023-11-28 | by ( ) www.reuters.com   time to read: +2 min
LONDON, Nov 28 (Reuters Breakingviews) - Barclays (BARC.L) is looking for a valuation cure. Cutting into the investment bank and reallocating to the more stable retail operations may look enticing but is hard to do without upending short-term returns. Still, the currently favoured suggestion of cutting less profitable investment bank clients sounds equally tricky, and might only shave at most a tenth off Barclays’ 219 billion pounds of corporate and investment bank risk-weighted assets. At Credit Suisse-inflated UBS (UBSG.S), which trades near book value, investment bank RWAs are 25%. Even getting Barclays’ corporate and investment RWAs back to 50% of the total would involve shrinking them by over a fifth.
Persons: Venkatakrishnan, Aimee Donnellan, Julius Baer’s, Warren Buffett, George Hay, Streisand Neto Organizations: Reuters, Barclays, Barclays ’, Deutsche Bank, Credit Suisse, UBS, X, Thomson Locations: reallocating
CNN —And so the curtain falls on a Formula One season dominated by Max Verstappen and his Red Bull team, with the Dutchman securing a record-extending 19th victory of the year at the Abu Dhabi Grand Prix. Never before has the sport seen a driver win with such regularity and ease, the three-time world champion again comfortably crossing the finishing line first at the season-ending race at the Yas Marina Circuit. Verstappen led from start to finish to secure his fourth win on the trot in Abu Dhabi. “It was an incredible season,” Verstappen told reporters. At one point, it seemed probable rather than possible that the team would win every race of the season, an outcome that faded away when Ferrari’s Carlos Sainz won the Singapore Grand Prix.
Persons: Max Verstappen, Lewis Hamilton, Michael Schumacher, Verstappen, Ferarri’s Charles Leclerc, Sergio Perez –, ” Verstappen, Ferrari’s Carlos Sainz, Bull Organizations: CNN, Red Bull, Grand Prix, Yas Marina Circuit, Singapore, Prix, Las Vegas Locations: Abu, Grand, Abu Dhabi
That he lost one of his matches after having three match points was incredulous, given there is no one more adept at closing out a match than the world No.1. He was beaten in both the singles and doubles in Malaga, Spain as Italy beat Serbia 2-1 to set up a Davis Cup final against Australia on Sunday. “Obviously playing doubles in the decider of a Davis Cup tie is not easy. It was the Serb’s first singles defeat in the Davis Cup since 2011, when he was forced to retire injured against Argentina’s Juan Martin del Potro. “For me personally it’s a huge disappointment, because I take the responsibility, obviously having three match points, being so close to winning it,” said Djokovic, per the Davis Cup website.
Persons: Novak, Jannik Sinner, Djokovic, Sinner, Miomir Kecmanovic, Lorenzo Sonego, Sinner wasn’t, Jannik, Novak Djokovic, Clive Brunskill, , ” Djokovic, Argentina’s Juan Martin del Potro, , Davis Organizations: CNN, Serbian, Serbia, Davis, Australia, Italy, Djokovic, ATP, Reuters Locations: Malaga, Spain, Italy, Serbia
CNN —Ever since he joined Manchester City in June 2022, Erling Haaland has scored goals and broken records and, on Saturday against Liverpool, the striker continued to make his mark on history by scoring his 50th league goal for the reigning Premier League champion. No player in Premier League history has reached half a century of goals quicker – Haaland doing so in 48 games. The previous record holder Andrew Cole, who played for Manchester United and Newcastle Untied, took 65 games to reach the mark. Haaland scored in the 27th minute to give host City a lead it only relinquished in the 80th minute when Trent Alexander-Arnold leveled for Liverpool. “We played really well, excellent performance,” City manager Pep Guardiola told BBC Sport.
Persons: Erling Haaland, Andrew Cole, Haaland, Trent Alexander, Arnold, , Pep Guardiola, ” Haaland, Allison Becker, Rúben Dias, Manuel Akanji, Alexander, Mohamed Salah, ” Klopp Organizations: CNN, Manchester City, Liverpool, Premier League, Manchester United, Newcastle, , BBC Sport, City, Reds, Arsenal, Brentford Locations: ” City
CNN —Cristiano Ronaldo has another spectacular strike to add to his collection of memorable goals after the soccer great scored a stunning 40-yard lob in the Saudi Pro League. Indeed, Ronaldo scored twice in three minutes to ease Al Nassr to a 3-0 victory over Al Okhdood on Friday. ages,” Al Nassr said on X, formerly known as Twitter, of the goal. It was Ronaldo’s 15th goal in 13 league appearances this season and the win moved Al Nassr to second in the league. The 38-year-old signed a two-and-a-half year contract estimated by media to be worth more than 200 million euros ($220.16 million) with Al Nassr and made his debut in January.
Persons: CNN — Cristiano Ronaldo, Ronaldo, Al Nassr, Al Okhdood, Paulo Vitor, ” Al Nassr Organizations: CNN, Saudi Pro League, Twitter, Al
Joanna and Victor Gould, both 35, quit their jobs to open a coffee shop on a boat. Holly the Cafe Boat Joanna GouldWe faced a lot of challenges opening our boat cafeIn 2018, we were feeling exhausted from our jobs as freelance television editors. We bought her and decided to name her "Holly the Cafe Boat." Both our cafe boat and the boat we lived on had a continuous cruiser license, which meant we had to move them both every couple of weeks. Serving customers from Holly the Cafe Boat.
Persons: Joanna, Victor Gould, , we'd, We'd, we've, we're, Holly, Joanna Gould, herder, they'd, We've, We're Organizations: YouTube, Service Locations: Macclesfield, England
Breakingviews category · November 24, 2023The German government is working hard to demonstrate the foolishness of the country’s iron-clad ban on large budget deficits. It now says it will suspend the “debt brake” after the Constitutional Court forced it to cancel some 60 billion euros worth of fiscal spending that it had included in a 210 billion euro climate and transformation fund. But the welcome relief is only temporary, and the harm is done. The budget crisis will cripple the economy for years to come, for three reasons.
Organizations: Constitutional
Breakingviews category · November 23, 2023 · 1:44 AM UTCLawmakers in South Korea blasted the U.S. Inflation Reduction Act as a betrayal. European Union leaders worried it would leave the bloc’s companies at a disadvantage. And big miners like Australia’s Fortescue said it left them little choice but to direct a lot of spending to the United States. Yet concerns about market distortion from the policy intended to stimulate investment in the energy transition and signed into law by President Joe Biden in August 2022 are easing. Other countries are realising they need to adapt the blueprint.
Persons: Australia’s Fortescue, Joe Biden Locations: South Korea, United States
OnlyFans model Billie Beever has clapped back at people who say sex work isn't a "real job." AdvertisementBillie Beever, an OnlyFans model based in Australia, said she "shouldn't have to pay tax" if people weren't willing to treat her job with respect. Advertisement"It's like, hold on a minute, didn't you say I don't have a real job? If i dont have a "real job" why am i paying "real tax" then?!?!" If i dont have a “real job” why am i paying “real tax” then?!?!
Persons: Billie Beever, Beever, , I'm, Tasha Paige, @billiebeever_, ", she's Organizations: Service, Australian, Australian Taxation, Daily Mail Australia Locations: Australia
Branding’s corporate titans face moment of truth
  + stars: | 2023-11-22 | by ( Aimee Donnellan | ) www.reuters.com   time to read: +8 min
Now for the first time this century, sales volumes at the big consumer goods manufacturers are falling. In the first nine months of the year, Kraft Heinz said the quantity of its sold items declined by nearly 6 percentage points year-on-year. That’s likely to allow Nestlé, Kraft Heinz and Unilever to see flat or modest increases in 2023 sales, LSEG data shows. Earlier this year, outgoing Kraft Heinz Chief Executive Miguel Patricio said the company lost market share to a branded competitor that spent more. Unilever, Nestlé and Kraft Heinz have all pointed to a slowing of price growth in the coming year.
Persons: Kraft Heinz, Nestlé, , Xavier Roger, Kraft, what’s, John Furner, Miguel Patricio, Mars, , François, EY, George Hay, Streisand Neto, Thomas Shum Organizations: Reuters, Consumer, Kraft, Unilever, Danone, , United Nations, Reuters Graphics Reuters, Nestlé, Kraft Heinz, Target, Reuters Graphics, Obesity, Mondelez, Walmart, , Thomson Locations: U.S, Europe, Australia, Norway, Chocolat, London
2-ranked team playing against a country ranked 198 in the world and the gulf between the two was evident on the pitch. Marcus Thuram, Jonathan Clauss, Youssouf Fofana, Adrien Rabiot, Ousmane Dembélé all scored for France, while Olivier Giroud and Kingsley Coman got two goals apiece. “Being down to 10, already with 11 it’s complicated for them, but it doesn’t take away the credit for us even if we could have been more efficient, it’s as much about respecting the opponent as scoring goals,” France manager Didier Deschamps said, per Reuters. “Fourteen is not bad.”France had 39 attempts on goal, 19 of which were on target, while Gibraltar failed to muster a chance. France, already qualified for Euro 2024 in Germany, is top of Group B while a winless Gibraltar is bottom on zero points without having yet scored a goal during qualification.
Persons: Les Bleus, Kylian Mbappé, Warren Zaïre, Emery, Philippe Lecoeur, Ethan Santos, Santos, Marcus Thuram, Jonathan Clauss, Youssouf Fofana, Adrien Rabiot, Ousmane Dembélé, Olivier Giroud, Kingsley Coman, Didier Deschamps, Organizations: CNN, France, European Championship, Reuters, Allianz, , Locations: Gibraltar, San Marino, Nice, ” France, France, Germany
Unlike in many of the season’s previous races, however, Verstappen did not cruise to victory. Starting second on the grid, it wasn’t until lap 37 that the Dutchman passed Ferrari’s Charles Leclerc to take the race lead. Verstappen said afterwards that the race was “definitely a lot of fun.”“It was a tough one. I tried to go for it at the start,” he told reporters of his attempt to pass Leclerc at Turn 1. Perez, however, did secure second place in the drivers’ championship to ensure Red Bull will end the season with a one-two in the drivers’ championship for the first time.
Persons: Max Verstappen, Red Bull, Elvis Presley, Verstappen, Mike Blake, Reuters Verstappen, Sebastian Vettel, Michael Schumacher, Lewis Hamilton, Ferrari’s Charles Leclerc, Leclerc, George Russell, , ” Leclerc, Sergio Perez, Perez, Red, David Beckham, Jakub Porzycki, Russell, Brad Pitt, Justin Bieber, , “ I’m Organizations: CNN, Las Vegas, Vegas, Sin City, Prix, Red Bull, Reuters, Mercedes, Hamilton, England Locations: Sin, Vegas, Austin, Miami, Turn
CNN —When Drake released his new song “Wick Man” on Friday, eagle-eyed fans noticed a familiar name on the credit list, which prompted wild speculation on social media as to who exactly had helped the Canadian rapper pen his latest hit. De Bruyne,’ which had some on social media asking whether Belgium and Manchester City star Kevin De Bruyne had been collaborating with the rapper during his recovery from injury. Huge fan though!”The midfielder is currently sidelined with an injury sustained on the opening day of the Premier League of the season in August. De Bruyne is one of the best creative midfielders in world soccer and is the quickest player in history to record 100 assists in the Premier League. He currently has 102 Premier League assists, the fourth-highest in the league’s history.
Persons: Drake, , , De Bruyne, Kevin De Bruyne, @Drake, it’s, Erling Haaland, , De, Bruyne Organizations: CNN, Manchester City, Premier League of, Premier League Locations: Belgium
TikToker Sabriena Abrre said that she is embarrassed about her lack of geography knowledge. She also said her Canadian husband makes fun of her lack of competence when it comes to geography. She said that she feels frustrated as an American who is married to a Canadian who makes fun of her lack of geography knowledge and knows more about culture, history, and religion than she does. But others were baffled by Abrre's lack of knowledge and questioned why she didn't have globes or world maps in her school classrooms. Meanwhile, some viewers argued that they got their geography knowledge because they researched it in their spare time and not because they were taught it in school.
Persons: TikToker Sabriena Abrre, , Sabriena Abrre, wasn't, it's, Abrre, Maine, hadn't, she'd, they'd, Mary Organizations: Service, New Hampshire Locations: Canadian, Canada, United States, Alaska, New, New Brunswick, Quebec, Texas, Utah, British Columbia, Vancouver, Los Angeles, California, American
Biden and Xi’s warmer ties look flimsy: podcast
  + stars: | 2023-11-16 | by ( Aimee Donnellan | ) www.reuters.com   time to read: 1 min
LONDON, Nov 16 (Reuters Breakingviews) - The leaders of the largest economies resumed high-level communication following years of tension. In this Viewsroom podcast, Breakingviews columnists explain how Taiwan as well as anti-China rhetoric in the lead-up to next year’s US election could undo any goodwill. Subscribe to Breakingviews’ podcasts, Viewsroom and The Exchange. Editing by Oliver TaslicOur Standards: The Thomson Reuters Trust Principles. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: Oliver Taslic Organizations: Reuters, Thomson Locations: Taiwan, China
UniCredit’s Greek stake is less odd than it seems
  + stars: | 2023-11-13 | by ( ) www.reuters.com   time to read: +2 min
But Italy’s UniCredit (CRDI.MI), which on Monday purchased 9% of Alpha Bank for about 300 million euros, should have better luck. This will include merging the lenders’ Romanian units and Alpha distributing UniCredit’s asset-management products in Greece. Probably the most reassuring news for investors in the Italian bank is that Orcel has no plans to raise its stake. UniCredit hasn’t requested regulatory permission to buy more and doesn’t envisage doing so, according to a person familiar with the matter. For shareholders, then, UniCredit’s mini-Greek adventure is unusual but easily tolerable.
Persons: Italy’s, Andrea Orcel, Crédit, Société, Orcel, UniCredit, UniCredit hasn’t, Liam Proud, Aimee Donnellan, Oliver Taslic Organizations: Reuters, Alpha Bank, Alpha, Piraeus Financial, X, SEC, Thomson Locations: Greece
The window of the British interior designer Tamsin Saunders’s childhood bedroom looked out onto the South Downs, the rolling hills that culminate abruptly in steep chalk cliffs along England’s southeast coast. The landscape’s rugged beauty instilled in her an affinity for the patterns and textures of the natural world. She spent her early years in the nearby forests, collecting fossils and gathering fragments of wood to decorate with paint. Now, at 52, Saunders is just as devoted to such foraged treasures. Home & Found, the studio she established in 2013, specializes in sensitively renovating houses — often those of artists and makers — by building on what she discovers there.
Persons: Tamsin Saunders’s, Saunders, Locations: British, Downs, London’s Kensington, South London, Delft
LONDON, Nov 9 (Reuters Breakingviews) - Shares of Orsted and Siemens Energy are being battered by their inability to boost profits. In this Viewsroom podcast, Breakingviews columnists explain how trouble in offshore wind may encourage investors to back other clean energy segments like battery storage, cables and solar. Listen to the podcastFollow @aimeedonnellan on XSubscribe to Breakingviews’ podcasts, Viewsroom and The Exchange. Editing by Oliver TaslicOur Standards: The Thomson Reuters Trust Principles. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: Oliver Taslic Organizations: Reuters, Siemens Energy, Thomson
In a TikTok video, different generations revealed the rent prices for their first apartments. Viewers were left shocked after one baby boomer said he paid $98 per month for his first apartment. AdvertisementAdvertisementWhile a growing economy allowed the typical baby boomer to generate wealth, many millennials and Gen Zers have been weighed down by rising inflation and high rental costs. Several people argued that these prices do not account for inflation, but others pointed out that rent prices are still much higher today, even with inflation considered. Most recently, Gen Zers have been speaking out against work culture, arguing 9-to-5 schedules and in-office mandates are flawed.
Persons: boomer, Zer, Gen Zers, @captainmooseknuckless, Xer, Insider's Hillary Hoffower, Xers, Zers Organizations: Boomers, National Association of Realtors Locations: Baltimore , Maryland, Green Bay , Wisconsin, Hoboken , New Jersey, Savannah , Georgia, Denver , Colorado, Michigan, Zillow
Bayer slow-motion breakup may leave clunky core
  + stars: | 2023-11-08 | by ( ) www.reuters.com   time to read: +2 min
LONDON, Nov 8 (Reuters Breakingviews) - Bayer’s (BAYGn.DE) planned surgery risks leaving an ailing rump. Valued in line with peers, Bayer’s seeds, drugs and consumer units could be worth 54 billion euros, 38 billion euros and 16 billion euros respectively, according to Breakingviews calculations using LSEG data. Take off debt and pensions, and Bayer’s equity should total nearly 60 billion euros, some 47% above its current market capitalisation. But hiving off the seeds business would leave a pharma business hitched to a consumer unit, a model shunned by rivals Pfizer (PFE.N), Sanofi (SASY.PA) and GSK (GSK.L). They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: weedkiller, Bill Anderson’s, Anderson, Aimee Donnellan, Neil Unmack, Oliver Taslic Organizations: Reuters, Pfizer, Sanofi, GSK, X, SEC, Paramount, Thomson
CNN —Cruise, General Motors’ self-driving vehicle subsidiary, has recalled all 950 of its autonomous vehicles for a software update. Late last month, Cruise paused all its public testing operations while it investigated the incident that led to the recall. GM had announced Monday that it was pausing production test versions of the Cruise Origin, a self driving vehicle GM and Cruise designed jointly with Honda. After striking the pedestrian, the Cruise AV attempted to pull off to side of the road to avoid causing an obstruction. Cruise doesn’t sell its self-driving vehicles so all the cars are owned by either Cruise or GM, which produces the heavily modified Chevrolet Bolt electric vehicles.
Persons: CNN — Cruise, Cruise, Aimee Ridella Organizations: CNN, Motors, GM, Honda, Cruise, California Department of Motor Vehicles, National, Traffic Safety Administration, NHTSA, Chevrolet
Used blister packets that contained medicines, tablets and pills are seen in this picture illustration taken June 30, 2018. In this Exchange podcast, Dr. Steffen Denzinger, president of the European Fine Chemicals Group, argues that safeguarding medicines may require patients to pay more. Listen to the podcastFollow @aimeedonnellan on XSubscribe to Breakingviews’ podcasts, Viewsroom and The Exchange. Editing by Oliver TaslicOur Standards: The Thomson Reuters Trust Principles. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: Russell Boyce, Steffen Denzinger, Oliver Taslic Organizations: REUTERS, Reuters, European Fine Chemicals Group, Thomson
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