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☆ Chip mergers are more urgent and awkward in 2023
  + stars: | 2023-01-05 | by ( Robyn Mak | Thomson Reuters | Robyn Mak Joined Reuters Breakingviews In Previously | ) www.reuters.com   time to read: +3 min
HONG KONG, Jan 5 (Reuters Breakingviews) - Western Digital (WDC.O) faces a daunting M&A challenge. Both outfits specialise in a type of memory chip called NAND flash, which is used in smartphones, computers and data centre servers. Yet even if the logic for a combination looks more compelling against this backdrop, the M&A hurdles Western Digital faced in 2021 are even more challenging today. The union between Western Digital and Kioxia will be a long slog, but worth it. Shares of Western Digital rose 7.7% to $35.63 during after-hours trading in New York on Jan. 4.
☆ Dave & Buster's co-founder James 'Buster' Corley has died of apparent suicide, officials say
  + stars: | 2023-01-05 | by ( Jordan Hart | ) www.businessinsider.com   time to read: +3 min
Corley co-founded entertainment chain Dave & Buster's in 1982. A representative for Dave & Buster's provided WFAA with a statement on Corley's death. The first Dave & Buster's was opened in Dallas by Corley and his business partner David "Dave" Corriveau in 1982, according to a previous report from Insider. Despite the dubious past of Buster's, Corley says the bar made his huge success of Dave & Buster's possible. Dave & Buster's has opened over 140 locations across the US since its founding.
☆ Raducanu suffers injury scare ahead of Australian Open
  + stars: | 2023-01-05 | by ( ) www.reuters.com   time to read: +3 min
"So to be stopped by a freak injury, rolling an ankle is pretty disappointing, in the first week as well. The Australian Open begins on Jan. 16. AZARENKA THROUGHAt the Adelaide International 1 WTA 500 event, twice Australian Open champion Victoria Azarenka saw off Zheng Qinwen 6-2 7-5 to reach the quarter-finals alongside unseeded duo Irina-Camelia Begu and Linda Noskova. China's Zheng, who was named WTA Newcomer of the Year in 2022, sent down 10 aces and 34 winners but also made 35 unforced errors at the Australian Open warm-up event. Belarusian Azarenka next faces Czech teenager Noskova, who followed up her first-round upset of Daria Kasatkina with a 6-2 6-2 win over fellow qualifier Clair Liu.
☆ Two fund managers who were the toast of Wall Street in 2022 told us how they've built a working 25-year partnership and consistently won at stock picking
  + stars: | 2023-01-05 | by ( Marley Jay | ) www.businessinsider.com   time to read: +4 min
BNY Mellon mutual fund managers John Bailer and Brian Ferguson belong in the second camp. Over time they started to collaborate more closely thanks to their shared approach to value stocks. In time, the two began working together on coverage of large cap value stocks as well. Bailer has run the Income Stock Fund since the end of 2011. The Income Stock Fund has one additional criterion: the fund prioritizes dividends that are at least 50% greater than the yield of the average S&P 500 company.
☆ SoulCycle founders gear up to launch Peoplehood, which they describe as 'modern medicine for the loneliness epidemic'
  + stars: | 2023-01-05 | by ( Bethany Biron | ) www.businessinsider.com   time to read: +5 min
While the company has been in beta mode, Cutler and Rice are not disclosing pricing until launch. "We realized that connection should be its own product," Rice told the Times. "It feels therapeutic, but it's not therapy," Rice told the Times in response. Julie Rice (left) and Elizabeth Cutler Courtesy of SoulCycleSimilar to SoulCycle, Rice and Cutler also intend to sell Peoplehood merchandise, including apparel, tote bags, and prayer candles, the New York Times reported. Cutler and Rice, along with fellow co-founder Ruth Zukerman, opened the first SoulCycle location in New York City in 2006.
☆ Dave & Buster's co-founder, James 'Buster' Corley, dies at 72
  + stars: | 2023-01-04 | by ( Marlene Lenthang | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com   time to read: +2 min
James “Buster” Corley, the co-founder of popular arcade restaurant chain Dave & Buster’s, has died, the company said. Dave & Buster’s remembered Corley as “an innovative and creative force.”“His pioneering spirit and steadfast belief that ‘everybody is somebody’ set the foundation for bringing food and games to millions of Dave & Buster’s guests over the past 40 years. The Dallas County Medical Examiner's Office confirmed Corley died Monday, but a cause and manner of death was not available Wednesday afternoon. His family told ABC affiliate WFAA of Dallas that the man described in the Monday police incident was Corley. “Buster Corley had a stroke four months ago that caused severe damage to the communication and personality part of his brain,” Kate Corley, Corley's daughter, told the news station.
☆ Skip Bayless and Shannon Sharpe have tense exchange over Damar Hamlin response
  + stars: | 2023-01-04 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +3 min
New York CNN —Skip Bayless spent a third straight day defending his controversial tweet about Buffalo Bills safety Damar Hamlin, this time during a tense exchange Wednesday with his Fox Sports talk show co-host Shannon Sharpe. His absence followed co-host Bayless’ widely-criticized tweet questioning whether the NFL should have ended the Bills’ game Monday against the Cincinnati Bengals after Hamlin collapsed on the field. During the incident Monday, Bayless tweeted: “no doubt the NFL is considering postponing the rest of this game - but how? “Skip tweeted something, and although I disagreed with the tweet, and hopefully Skip would take it down. “I’ll admit up front that I’m still shook up what happened last night to Damar Hamlin.
☆ Tennis star Martina Navratilova is diagnosed with throat and breast cancer
  + stars: | 2023-01-02 | by ( The Associated Press | Julianne Mcshane | ) www.nbcnews.com   time to read: +2 min
NEW YORK — Tennis great Martina Navratilova said Monday that she has been diagnosed with throat and breast cancer. “This double whammy is serious but still fixable, and I’m hoping for a favorable outcome,” the 66-year-old Navratilova said. While Navratilova was undergoing tests on her throat, she said, the unrelated breast cancer was discovered. Navratilova was diagnosed with a noninvasive form of breast cancer in 2010 and had a lumpectomy. Navratilova originally retired in 1994, after a record 167 singles titles and 331 weeks at No.
☆ Trailblazing pop and country singer Anita Pointer of the Pointer Sisters has died at 74
  + stars: | 2023-01-01 | by ( Jason Lalljee | ) www.businessinsider.com   time to read: +3 min
Anita Pointer, who penned many of the Pointer Sisters' hits, died at the age of 74. Pointer and her sisters broke ground for Black women in country and pop with their hits in the '70s and '80s. Pointer was a founding member of the Pointer Sisters, a vocal group from Oakland that achieved critical and commercial success in the '70s and '80s, blending genres such as blues, pop, and R&B. On the original recording, Pointer was also the lead vocalist, as she was for many of the group's hits. In addition to being the first female African-American act to appear at the Grand Ole Opry, the Pointer Sisters were also the first contemporary artists to perform at the San Francisco Opera House.
☆ Anita Pointer of the Pointer Sisters dead at 74
  + stars: | 2023-01-01 | by ( Daniel Trotta | ) www.reuters.com   time to read: +2 min
Dec 31 (Reuters) - Anita Pointer, one of the Grammy-winning Pointer Sisters whose string of pop, country and R&B hits in the 1970s and '80s included "I'm So Excited," "Jump (For My Love)" and "Fire," died of cancer on Saturday at age 74, her publicist said. Pointer was surrounded by family at her Beverly Hills home when she died, publicist Roger Neal said. The Pointer Sisters later became a quartet for a while with Ruth, the only one of the original singing sisters still alive, though Bonnie left the group in the late 1970s and they became a trio once again. The Pointer sisters also have two surviving brothers, Fritz and Aaron. Anita was preceded in death by her daughter Jada, who died in 2003, when Anita took over raising her granddaughter, Roxie McKain Pointer.
☆ NBA roundup: Luka Doncic posts 51 in win over Spurs
  + stars: | 2023-01-01 | by ( ) www.reuters.com   time to read: +8 min
Keldon Johnson led the Spurs with 30 points, while Sochan added 20. Markkanen led the Jazz with 29 points and 14 rebounds, and Clarkson netted 22 points in Utah's fourth consecutive loss. Kevin Love added 20 points and nine rebounds for the Cavaliers, who survived a rough night from star Donovan Mitchell. Randle added 12 rebounds and six assists for the Knicks, who were without starters Jalen Brunson and RJ Barrett. LaMelo Ball's 23 points and 11 assists and Mason Plumlee's 22 points and 10 rebounds led the Hornets.
☆ Here's how much money Donald Trump told the IRS he made each year from 2015 to 2020, according to his personal tax returns
  + stars: | 2022-12-30 | by ( Bryan Metzger | ) www.businessinsider.com   time to read: +2 min
The House Ways and Means Committee released Trump's tax returns to the public on Friday. The documents reveal details of the former president's personal finances from 2015 to 2020. They also include how much Trump told the Internal Revenue Research he made each year. Significantly, the documents released on Friday show much he and former first lady Melanie Trump told the Internal Revenue Service they made on their jointly-filed personal tax returns from 2015 to 2020. Committee Chairman Richard Neal first requested the documents from the Internal Revenue Service in 2019.
☆ We read through the 45-page congressional investigation into Biogen's Alzheimer's drug. Here are the 3 most shocking takeaways.
  + stars: | 2022-12-29 | by ( Yeji Jesse Lee | Leah Rosenbaum | ) www.businessinsider.com   time to read: +8 min
A Congressional investigation into Biogen's controversial Alzheimer's drug Aduhlem was just released. Aduhelm was developed by Cambridge, Massachusetts-based biotech company Biogen and Japanese pharmaceutical company Eisai. The duo is currently developing another Alzheimer's drug, called lecanemab, which is expected to receive approval from the FDA in January and has shown more promising data in clinical trials. Insider reviewed the 45-page investigation into Biogen's Alzheimer's drug. Here are three of the most shocking takeaways:Biogen gave Aduhelm a crazy price tag despite knowing it would become inaccessible to many patientsFrom the moment Biogen announced Aduhelm's $56,000 price tag, the company faced backlash.
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☆ India's Mamaearth parent files for IPO - draft prospectus
  + stars: | 2022-12-29 | by ( ) www.reuters.com   time to read: +2 min
[1/2] Indian skincare startup Mamaearth's products are on display for sale at a wholesale shop in Ahmedabad, India, June 22, 2022. REUTERS/Amit DaveBENGALURU, Dec 29 (Reuters) - Parent of Indian personal care products startup Mamaearth, Honasa Consumer Ltd, on Thursday filed for an initial public offering (IPO), according to draft papers submitted to the market regulator. The Sequoia- and Sofina-backed company's IPO will comprise of a fresh issue of shares worth 4 billion rupees ($48.30 million) and an offer for sale of 46.8 million shares. Reuters had reported in June that Mamaearth was in talks to raise at least $300 million for the IPO scheduled for 2023. Honasa said it would use about 1.86 billion rupees from the IPO for advertising expenses.
☆ Top 20 LGBTQ-inclusive films and shows of 2022, from 'Tár' to 'White Lotus'
  + stars: | 2022-12-27 | by ( Elaina Patton | Elaina Patton Is A Freelance Entertainment | Culture Writer. | ) www.nbcnews.com   time to read: +13 min
In TV, the top 10 list ranges from the indefinable second season of “The White Lotus” to laugh-out-loud comedies and smoldering fantasy shows. “Catch the Fair One” is available on Hulu and various video-on-demand platforms. “Paris, 13th District” is available on Amazon Prime Video and various video-on-demand platforms. “Peter Von Kant” is available on various video-on-demand platforms. “Tár” is available on various video-on-demand platforms.
☆ Hope Global Forums rallies business leaders for financial literacy, ‘so that everyone learns the language of money’
  + stars: | 2022-12-26 | by ( Frank Holland | In | ) www.cnbc.com   time to read: +4 min
"Our goal is that by the time your kids grow up, financial literacy is in school — kindergarten through college — as a requirement so that everyone learns the language of money." To that end, Operation Hope in 2021 launched Financial Literacy for All, a joint initiative with businesses such as Walmart, Bank of America, Disney and many others. Ambassador Andrew Young were among the business leaders joining Bryant on stage at the Hope Global Forums in Atlanta to talk about silver rights and the power of financial literacy. "John Hope Bryant and I have come together to form Financial Literacy for All to take on financial education. Operation Hope is focused on wealth inequality in the Black community and communities of color, and narrowing that gap.
☆ The Tom Brady of Other Jobs
  + stars: | 2022-12-24 | by ( Francesca Paris | ) www.nytimes.com   time to read: +17 min
Meet them, and decide for yourself:The Tom Brady of Paramedics Jesse Izaguirre, 70Gardena, Calif.Jesse Izaguirre loves working with younger paramedics. Hopefully never.”The Tom Brady of Bakers Helen Fletcher, 83Clayton, Mo. Chalk it up to a great big fib.”The Tom Brady of Artists Lilian Thomas Burwell, 95Highland Beach, Md. “I should’ve signed them.”The Tom Brady of Biologists Maria Elena Zavala, 72Los AngelesProfessional longevity runs in Maria Elena Zavala’s family. It didn’t vanish when they crossed the border.”The Tom Brady of Loggers Earl Pollock, 82Hamburg, Ark.
☆ They launched a fantasy sports company at 22. It's now worth $8 billion
  + stars: | 2022-12-23 | by ( Goh Chiew Tong | ) www.cnbc.com   time to read: 1 min
Harsh Jain and Bhavit Sheth are the founders of Dream Sports, a sports tech firm from India that owns one of the biggest fantasy gaming platforms in the country — Dream11. The childhood friends started the company in 2008, but lost millions of starting capital in less than three years. More than a decade after its launch, Dream Sports says it's now valued at $8 billion with 160 million users. Watch the video above to find out how the duo bounced back from failure to launch India's first sports tech unicorn.
☆ The managers of two of the best stock funds of 2022 told us about the 3 highest-conviction names in their portfolios
  + stars: | 2022-12-23 | by ( Marley Jay | ) www.businessinsider.com   time to read: +4 min
Together, they run two of the highest-returning stock funds of 2022. BNY Mellon fund managers John Bailer and Brian Ferguson have done well at avoiding those sorts of traps. Bailer runs a dividend-focused stock fund that's returned 12% a year for investors over the last decade and earned a four-star rating, according to Morningstar. In a joint interview, Bailer and Ferguson told Insider about a couple of current favorites from across their portfolios. (3) Berkshire Hathaway (BRK.A)Warren Buffett is a legendary value investors himself, of course, and his Berkshire Hathaway conglomerate is a favorite for a lot of investors.
☆ A sports tech startup lost millions — then made it big. Here's how its millennial founders staged a comeback
  + stars: | 2022-12-23 | by ( Goh Chiew Tong | ) www.cnbc.com   time to read: +8 min
Losing millions of dollars when they were 24 years old was a defining moment for entrepreneurs Harsh Jain and Bhavit Sheth. More than a decade after its launch, their company Dream Sports says it's now valued at $8 billion dollars, with 160 million users to boot. Dream Sports is a sports tech firm from India that owns Dream11, the biggest fantasy gaming platform in the country. Harsh Jain and Bhavit Sheth launched their startup Dream11 when they were just 22 — but it quickly "crashed and burned." That is something they learned from losing a large sum of money in the early days of their company, Jain added.
☆ 3 ways entrepreneurs are using QR codes to connect with customers
  + stars: | 2022-12-22 | by ( Alexandra York | ) www.businessinsider.com   time to read: +4 min
Kim Kardashian released an ad in December for her brand, Skkn by Kim, that included a QR code. Kardashian is one of many entrepreneurs using QR technology in their marketing strategies. Additionally, QR codes saw a resurgence in the pandemic, as businesses used them for contactless payment or instead of physical menus. Three small-business owners share how entrepreneurs can use QR codes to grow their brands. The pop-up included a collection of fashion, wellness, and home-goods items, each with a QR code that directed shoppers to the brand's Instagram account.
☆ FTX co-founder and ex-chief of hedge fund Alameda Research each pleaded guilty to multiple charges, are cooperating with fed
  + stars: | 2022-12-21 | by ( Kara Scannell Matt Egan | Kara Scannell | Matt Egan | ) edition.cnn.com   time to read: +4 min
CNN —Two senior executives associated with collapsed crypto exchange FTX have pleaded guilty to multiple criminal charges and are cooperating with federal prosecutors, according to unsealed court records. Additionally, the pair face civil fraud charges from the Securities and Exchange Commission that were announced Wednesday night. Wang cofounded FTX with Bankman-Fried in 2019 and also worked with him at his hedge fund Alameda Research. Ellison is pleading guilty to seven counts, including wire fraud, conspiracy to commit money laundering, conspiracy to commit securities fraud, conspiracy to commit commodities fraud and conspiracy to commit wire fraud. Wang has agreed to plead guilty to four counts: wire fraud, conspiracy to commit wire fraud, conspiracy to commit commodities fraud and conspiracy to commit securities fraud.
☆ Judge pauses SEC case in alleged NJ deli stock fraud in favor of criminal probe
  + stars: | 2022-12-21 | by ( Rebecca Picciotto | ) www.cnbc.com   time to read: +2 min
Federal prosecutors had requested earlier in December that the judge postpone the SEC case due to considerable overlap with their criminal litigation. Judge Christine O'Hearn granted that request on Wednesday, stating that there was no opposition from either the SEC or the defendants. It was the sole asset of Hometown International, a company controlled by financiers James Patten, Peter Coker Sr. and Peter Coker Jr. Your Hometown Deli made under $40,000 in annual revenue despite Hometown International's $100 million market value, according to public filings. Prosecutors say Patten convinced Morina to open the deli under the umbrella of Hometown International.
☆ Luxury homebuyers want plunge pools, infrared saunas, and 'spiritual concierges,' according to two star brokers who've sold $4 billion of real estate so far this year
  + stars: | 2022-12-19 | by ( Zoe Rosenberg | ) www.businessinsider.com   time to read: +6 min
Real-estate agents Fredrik Eklund and John Gomes said luxury homebuyers want wellness perks at home. More than gyms and swimming pools, they're seeking out extras like infrared saunas and plunge pools. On-demand perks like "spiritual concierges" and IV treatments are becoming more popular. Speaking about the year ahead alongside Eklund Gomes Team CEO Julia Spillman, they said wellness perks remain at the top of the list of must-haves for luxury homebuyers of both condos and single-family residences. The Eklund Gomes Team has big plans for the year aheadThe Eklund Gomes Team plans to grow, even as the real-estate market at large is slowing down.
☆ Pelosi knew how to deal with Trump because she raised 5 kids and the ex-president 'was a child,' Schumer said
  + stars: | 2022-12-16 | by ( Kimberly Leonard | ) www.businessinsider.com   time to read: +3 min
Pelosi's experience as a mom helped her deal with Trump, Schumer told CNN. Pelosi said Trump and Schumer 'understood each other' because they're both New Yorkers. And that's what helped her deal with Trump, because he ultimately was a child." During the interview, Schumer sat down with Pelosi for a dinner of Chinese food with CNN's Jamie Gangel. In the CNN interview, Schumer said he and Pelosi were able to get Trump to say that he would take ownership of the shutdown.
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