DIRS.INFO The most relevant business & tech news

☆ Yeezy destocking helps lift Adidas sales outlook
▼ + stars: | 2023-08-03 | by ( Helen Reid | Thomson Reuters | London-Based Reporter Covering The European Retail Sector Through A Global Lens. Focusing On Companies Including Adidas | ) www.reuters.com time to read: +3 min

Sales of surplus Yeezy shoes generated around 400 million euros ($437 million) in the second quarter, helping Adidas reduce its predicted loss for the year to 450 million euros, down from the 700 million euro loss previously expected. JD Sports (JD.L) said it had started selling Yeezy products from Adidas' second release of Yeezy shoes on Wednesday. Adidas said its 2023 outlook does not include the second Yeezy release. Citi analysts expect further Yeezy drops to generate 1.5 billion euros in revenues and 700 million euros in earnings after Adidas' planned charity donations. North America was the laggard, with sales dropping 16.4% in currency-neutral terms, which Adidas put down to high inventory levels there.

Persons: Kanye West, Shannon Stapleton, Bjorn Gulden's, Ye, Cristina Fernandez, Fernandez, Gulden, Liu Qingyi, Shuting Qiu, Helen Reid, Sonali Paul, Mark Potter, Jan Harvey Organizations: Adidas, REUTERS, FX, Foundation, Combat, Defamation League, Telsey, JD, Citi, North, Thomson Locations: Garden City , New York, U.S, New York, Greater China, China, Shanghai, North America

☆ Ringleader of NBA health care fraud gets 10 years prison
▼ + stars: | 2023-08-03 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

U.S. District Judge Valerie Caproni in Manhattan federal court also sentenced him to pay $2.5 million in restitution to the NBA Players' Health and Welfare Benefit Plan, and forfeit $653,673, in accordance with his plea agreement. Prosecutors had sought a 10- to 12-year prison term, while Williams sought no more than 50 months. He was also accused of impersonating a health plan manager who questioned a reimbursement in order to "frighten" another player, who had not paid a kickback, into re-engaging with him. Prosecutors said at least $5 million of false claims were submitted, with the defendants receiving $2.5 million in fraudulent proceeds. Prosecutors recommended a prison term shorter than 21 months, citing his acceptance of responsibility and desire to make amends.

Persons: New Jersey Nets Terrence Williams, Shannon Stapleton, Terrence Williams, Valerie Caproni, Williams, Prosecutors, Tony Allen, Allen, Jonathan Stempel, Diane Craft Organizations: New Jersey Nets, Dallas Mavericks, NBA, REUTERS, UNITED STATES, National Basketball Association, NBA Players ' Health, Welfare, Boston Celtics, Prosecutors, Thomson Locations: East Rutherford , New Jersey, Manhattan, Seattle, Brooklyn, New York

☆ Mega Millions jackpot hits $1.05 billion. Here's the possible tax bill for the winner
▼ + stars: | 2023-07-31 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

The Mega Millions jackpot soared to $1.05 billion on July 31, 2023. Shannon Stapleton | ReutersThe Mega Millions jackpot has soared to more than $1 billion for the fifth time in the game's history. Currently, the 30-year annuitized payout is worth $1.05 billion, Mega Millions' fourth-largest prize to date. The chance of hitting the Mega Millions jackpot is roughly 1 in 302 million. watch nowHow federal tax brackets workThe Mega Millions jackpot easily pushes the winner into the top federal income tax bracket, which is currently 37%.

Persons: Shannon Stapleton, Tommy Lucas, Moisand Fitzgerald Tamayo, Lucas, that's Organizations: Mega Locations: Orlando , Florida

☆ OceanGate's cofounder wants to send 1,000 people to a floating colony on Venus by 2050, and says we shouldn't stop pushing the limits of innovation
▼ + stars: | 2023-07-28 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +9 min

By 2050, he would like to see 1,000 humans living in the sulfuric acid clouds of Venus. The businessman's latest — and possibly grandest — endeavor is to send 1,000 humans to live in Venus' atmosphere by 2050. Söhnlein hasn't let the recent events dampen his ambition and claims humanity needs to continue pushing the limits of innovation. Sending humans to Earth's evil twinThough it's often called "Earth's twin," Venus doesn't seem like the ideal place for humans to thrive. The Titan submersible.

Persons: Guillermo Söhnlein, Stockton Rush, Söhnlein hasn't, Söhnlein, shouldn't, OceanGate, Rush, Shannon Stapleton, Khalid Al, Ali, Elon Musk, Mark Zuckerberg, we'd, Andrew Coates, Coates Organizations: Service, OceanGate Expeditions, NASA, Anadolu Agency, Getty Images, Venus, Stockton Rush, Reuters, Innovation, Rush, University College's, Science Laboratory Locations: Wall, Silicon, Söhnlein, Stockton

☆ Adidas swamped with $565 mln in orders for unsold Yeezy shoes- FT
▼ + stars: | 2023-07-24 | by ( ) www.reuters.com time to read: +2 min

July 24 (Reuters) - Adidas (ADSGn.DE) got orders worth more than 508 million euros (about $565 million) for 4 million pairs of unsold Yeezy shoes, better than the company's "most optimistic forecast," the Financial Times reported on Monday. Adidas stopped selling Yeezy shoes from its defunct partnership with Ye in October after the rapper formerly known as Kanye West made a series of antisemitic comments. Adidas declined to comment saying it was in a "quiet period" ahead of its quarterly results due Aug. 3. Adidas Yeezy shoes are seen in a store on the day Adidas terminated its partnership with the American rapper and designer Kanye West, now known as Ye, in Garden City, New York, U.S., October 25, 2022. Adidas had forecast a loss this year before announcing its intentions to sell leftover Yeezy stocks.

Persons: Ye, Kanye, Kanye West, Shannon Stapleton, Bharat Govind Gautam, Juby Babu, Savio D'Souza, Nivedita Organizations: Adidas, Financial Times, REUTERS, Thomson Locations: Garden City , New York, U.S, China, Bengaluru

☆ Analysis-New anti-ESG rule in Missouri offers US Republicans another path away from 'wokeness'
▼ + stars: | 2023-07-10 | by ( Ross Kerber | ) www.reuters.com time to read: +6 min

(Reuters) - A new Missouri securities rule offers a template for Republican U.S. state officials who want to advance an “anti-woke” business agenda even as such ideas struggle for legislative backing. Ashcroft acted after Republican lawmakers failed to pass a similar measure during the state’s legislative session that ended on May 12, amid infighting over which bills should be prioritized. Concerns over costs, bureaucracy and economic fallout led to bills stalling or passing in weakened form even in so-called red states, where Republicans dominate state government. Several corporate attorneys said other Republican officials may adopt Ashcroft’s playbook and act on their own. According to a spokesperson, Ashcroft initiated the rulemaking before the legislative session began, essentially as a backup plan in case lawmakers did not act on the same idea introduced in January.

Persons: Shannon Stapleton, John “ Jay ” Ashcroft, Ashcroft, “, ” overreach, Ashcroft’s, ”, Beth I.Z, Boland, Lardner, Larry Fink, ’ Ashcroft, ” Ashcroft, can’t, Dan Mehan, Lance Dial, Chuck Gray, West, Ron DeSantis, Walt Disney Organizations: Reuters, Republican U.S, REUTERS, Merriam, Webster, Strategy, “, Foley, Republicans, Morningstar, BlackRock, state’s, Representatives, Republican, Missouri Chamber of Commerce, Missouri, Florida Locations: Missouri, Appleton City , Missouri, U.S, Boston, Wyoming, ESG

☆ Analysis: New anti-ESG rule in Missouri offers US Republicans another path away from 'wokeness'
▼ + stars: | 2023-07-10 | by ( Ross Kerber | ) www.reuters.com time to read: +6 min

Ashcroft acted after Republican lawmakers failed to pass a similar measure during the state's legislative session that ended on May 12, amid infighting over which bills should be prioritized. Concerns over costs, bureaucracy and economic fallout led to bills stalling or passing in weakened form even in so-called red states, where Republicans dominate state government. Several corporate attorneys said other Republican officials may adopt Ashcroft's playbook and act on their own. According to a spokesperson, Ashcroft initiated the rulemaking before the legislative session began, essentially as a backup plan in case lawmakers did not act on the same idea introduced in January. EXTRA ARROWSFinancial executives who so far have avoided the strongest laws worry that the possibility of executive or administrative actions, as in Missouri, gives state officials flexibility to keep up the pressure.

Persons: Shannon Stapleton, Walt Disney, Missouri's, John " Jay, Ashcroft, Ashcroft's, Beth I.Z, Boland, Lardner, Larry Fink, Dan Mehan, Lance Dial, Chuck Gray, West, Ron DeSantis, Ross Kerber, Greg Roumeliotis, Anna Driver, Matthew Lewis Organizations: REUTERS, Walt, Republican U.S, Merriam, Webster, Strategy, Foley, Republicans, Morningstar, BlackRock, Reuters Graphics, Reuters, state's, Representatives, Republican, Missouri Chamber of Commerce, Missouri, Florida, Thomson Locations: Appleton City , Missouri, U.S, Missouri, Boston, BLK.N, Wyoming, ESG

☆ Homeless World Cup brings its message of hope to California
▼ + stars: | 2023-07-08 | by ( Rachel Nostrant | ) www.reuters.com time to read: +3 min

The 40-team tournament, which runs from July 8-15 at the University of California at Sacramento, is the brainchild of Homeless World Cup Foundation. Fahrudin Muminovic represented Bosnia and Herzegovina at the 2019 Homeless World Cup in Wales. This is the first time the Homeless World Cup will take place in the U.S. There are two different fields of play, the World Cup, which consists of both men's and co-ed teams, and the Women's World Cup, featuring women-only matches. The final match will be held July 15, five days before 32 teams take the field for the 9th annual FIFA Women's World Cup in Australia and New Zealand.

Persons: Shannon Stapleton, Mel Young, Fahrudin Muminovic, Sienna Jackson, Young, “, ” Young, Rachel Nostrant, David Gregorio Our Organizations: REUTERS, University of California, Homeless, Foundation, World Economic, Team USA, Sacramento State, Youth Center, U.S, FIFA, Thomson Locations: Los Angeles , California, U.S, California, Sacramento, Bosnia, Herzegovina, Wales, Srebrenica, South Africa, France, Denmark, Australia, New Zealand

REUTERS/Shannon Stapleton/WASHINGTON, July 7 (Reuters) - The Biden administration will begin accepting applications for $2.2 billion in financial assistance for farmers who have experienced discrimination at the hands of the U.S. Department of Agriculture, the agency announced on Friday. The Biden administration had previously attempted to provide debt relief specifically to farmers of color but that effort was blocked in court by white farmers. The program opening on Friday, called the Discrimination Financial Assistance Program, is funded by last year's Inflation Reduction Act. USDA is partnering with several organizations for Black, Native American, young, and other marginalized farmers to support in the application process. USDA had previously said it will distribute payments by the end of this year.

Persons: Shannon Stapleton, Biden, Tom Vilsack, Leah Douglas, Matthew Lewis Organizations: REUTERS, U.S . Department of Agriculture, USDA, Thomson Locations: Appleton City , Missouri, U.S, WASHINGTON, Washington

☆ US layoffs fall to seven-month low in June, report says
▼ + stars: | 2023-07-06 | by ( Safiyah Riddle | ) www.reuters.com time to read: +2 min

REUTERS/Shannon Stapleton(Reuters) - American employers slowed downsizing in June, announcing the lowest number of layoffs since October 2022. The planned pace of layoffs in June was well above the 32,517 cuts announced in June 2022. There are 458,209 cuts so far this year, a 244% increase from the 133,211 layoffs announced through June 2022, as employers brace for the prospect of recession. Last month’s announced job cuts total was the highest for a month of June since 2020. The technology sector continues to downsize the fastest with 141,516 total job cuts announced this year, up 2,353% from 5,769 over the same period in 2022.

Persons: Shannon Stapleton, ” Andrew Challenger, month’s Organizations: REUTERS, Reuters, Federal Reserve, Fed, Challenger, Department of Labor Locations: New York City, U.S

☆ Smoke will keep pouring into the US as long as fires are burning in Canada
▼ + stars: | 2023-07-01 | by ( Alaa Elassar | ) edition.cnn.com time to read: +17 min

Massive fires burning in remote areas – like some of those currently burning in northwestern Quebec – are often too out of control to do anything about. Ed Jones/AFP/Getty Images Smoke from wildfires in Canada shrouds the view of the Statue of Liberty on Friday in New York. Jim Watson/AFP/Getty Images Smoke and haze is seen from the Lincoln Memorial in Washington, DC, on Tuesday, June 27. Matt McClain/The Washington Post/Getty Images Smoke from Canadian wildfires obscures the visibility in Pittsburgh on June 8. Another issue is the increase in the wildfires are caused by climate change, and are simultaneously making climate change worse.

Persons: ” Robert Gray, you’ve, they’re, “ There’s, don’t, ”, Daniel Perrakis, ” Gray, Shiraaz Mohamed, Gray, “, ” Perrakis, Ed Jones, David Dee Delgado, Gary Hershorn, Haze, Gene J, Jim Watson, Megan Smith, Kamil Krzaczynski, Cpl Marc, Andre Leclerc, Drew Angerer, Shannon Stapleton, Ronald Reagan, Saul Loeb, Matt McClain, Emmalee Reed, Hannah Beier, Mandel Ngan, New York City, Timothy A, Clary, Mike Segar, John Minchillo, Shanita Hancle, Seth Wenig, Matt Rourke, Ting Shen, Matt Slocum, Amr Alfiky, John Meore, Leah Millis, George Washington, Peter Carr, Yuki Iwamura, Kareem Elgazzar, Carlos Osorio, Frank Franklin II, Merrily Cassidy, Spencer Colby, Jason Rock, BJ Fuchs, Anne, Sophie Thill, we’ve, it’s Organizations: CNN, Canadian Forest Service, Firefighters, Getty, ” “, Nature Conservancy, Rockefeller Center, North, Corbis, PNC Park, Major League Baseball, Pittsburgh Pirates, San Diego Padres, Traffic, Chesapeake, Lincoln Memorial, USA, People, Canadian Forces, Reuters, BC, Service, Xinhua, Ronald Reagan Washington National Airport, Washington Post, Bloomberg, Capitol, Trade, AP Transit, T, Alberta Wildfire, New, New York City, Getty Images Workers, Citizens Bank, Philadelphia Phillies, New York Yankees, Empire, George Washington Bridge, New York State Thruway, Cincinnati Enquirer, Cape Cod Times, Anadolu Agency, Canadian Press, AP, Wildfire Service, Communications, Space, NASA, Reuters Firefighters, Kamloops Fire Rescue, Shining Bank Locations: Wisconsin, Vermont, North Carolina, Canada, Quebec, Canadian, British Columbia, Alberta, Ontario, Mexico, Costa Rica, Chile, Spain, Australia, New Zealand, South Africa, South Korea, France, AFP, New Jersey, Manhattan, New York, North America, New, Pittsburgh, Stevensville , Maryland, Washington ,, Chicago, Lake Michigan, Mistissini, Ronald Reagan Washington, Arlington , Virginia, Washington, Philadelphia, Elmont , New York, Baltimore, Evansburg , Alberta, Brooklyn , New York, Piermont , New York, Fort Lee , New Jersey, George, West Nyack, New York's, New York City, Cincinnati, Rock Harbor, Massachusetts, Cape Cod, Ottawa, Fort Nelson, Shelburne County , Nova Scotia, Communications Nova Scotia, Shelburne , Nova Scotia, Fort St, John, Kamloops, Shining Bank , Alberta, Lytton

[1/2] A Fox News channel sign is seen on a television vehicle outside the News Corporation building in New York City, in New York, U.S. November 8, 2017. The deal follows Fox's April 18 agreement to pay Dominion $787.5 million to settle the voting-technology company's defamation suit in Delaware. In firing her, Fox said her legal claims were "riddled with false allegations against Fox and our employees." She had also sought unspecified damages in a similar lawsuit in Delaware Superior Court, which she dismissed in May. The program on which Grossberg worked, "Tucker Carlson Tonight," was the top-rated prime-time U.S. cable TV news show.

Persons: Shannon Stapleton, Abby Grossberg, Tanvir Rahman, Tucker Carlson, Dominion, Grossberg, Carlson, “, ” Grossberg, Fox, ” Dominion, Gretchen Whitmer, Tudor Dixon, octogenarian, Nancy Pelosi, Maria Bartiromo, Kevin McCarthy, Helen Coster, Doina Chiacu, Leslie Adler Organizations: Fox, News Corporation, REUTERS, Fox Corp, Fox News, Voting, Dominion, Delaware Superior Court, Democratic, Republican, U.S ., Thomson Locations: New York City, New York, U.S, Delaware, Manhattan, Delaware Superior, Grossberg's Manhattan

☆ Tech IPO drought reaches 18 months despite Nasdaq's sharp rebound in first half of 2023
▼ + stars: | 2023-06-29 | by ( Ari Levy | ) www.cnbc.com time to read: +12 min

Despite a bloated pipeline of companies waiting to go public and a rebound in tech stocks that pushed the Nasdaq up 30% in the first half of 2023, the IPO drought continues. Last Friday, Israeli beauty and tech company Oddity, which runs the Il Makiage and Spoiled Child brands, filed to go public on the Nasdaq. "You can make 15%-20% in the stock market but lose 15%-20%." "I think that’s done some harm to the traditional IPO market." With the public market still pretty closed, they're asking for alternatives."

Persons: Karl, Josef Hildenbrand, Turo, Reddit, hasn't, aren't, Lise Buyer, Buyer, Goldman Sachs, May, Shannon Stapleton, Jake Dollarhide, Dollarhide, Airbnb, they've, Instacart, Byron Deeter, Deeter, Larry Aschebrook, Aschebrook Organizations: AFP, Getty, Nasdaq, V, New York Stock Exchange, Apple, Nvidia, Coinbase Global Inc, Reuters Bankers, CNBC, Federal Reserve, Longbow Asset Management, Facebook, Clover Health, Venture, Companies, Bessemer Venture Partners, doesn't, Employees, Spotify Locations: U.S, Portola Valley , California, Cava, New York, Pinterest

JECFA, the WHO committee on additives, is also reviewing aspartame use this year. The first group includes substances from processed meat to asbestos, which all have convincing evidence showing they cause cancer, IARC says. Like aspartame, this means there is either limited evidence they can cause cancer in humans, sufficient evidence in animals, or strong evidence about the characteristics. Pepsico removed aspartame from sodas in 2015, bringing it back a year later, only to remove it again in 2020. Listing aspartame as a possible carcinogen is intended to motivate more research, said the sources close to the IARC, which will help agencies, consumers and manufacturers draw firmer conclusions.

Persons: Coke, Shannon Stapleton, Health Organization's, JECFA, Nozomi Tomita, Zsuzsanna, Germany’s Bayer, IARC, Frances Hunt, Wood, Mars Wrigley, Kate Loatman, –, Jennifer Rigby, Richa Naidu, Michele Gershberg, Mark Potter, Susan Fenton Organizations: REUTERS, International Agency for Research, Cancer, Health, Reuters, Joint WHO, Food, Agriculture Organization's, WHO, Japan's Ministry of Health, Labour, Welfare, Food Safety Authority, U.S, International, Association, Cargill, International Council of Beverages Associations, Ramazzini Institute, EFSA, Pepsico, Thomson Locations: New York City, U.S, United States, Europe, Geneva, France, Italy, sodas

[1/4] Diet Coke is seen on display at a store in New York City, U.S., June 28, 2023. Aspartame, used in products from Coca-Cola diet sodas to Mars' Extra chewing gum and some Snapple drinks, will be listed in July as "possibly carcinogenic to humans" for the first time by the International Agency for Research on Cancer (IARC), the World Health Organization's (WHO) cancer research arm, the sources said. Pepsico removed aspartame from sodas in 2015, bringing it back a year later, only to remove it again in 2020. Listing aspartame as a possible carcinogen is intended to motivate more research, said the sources close to the IARC, which will help agencies, consumers and manufacturers draw firmer conclusions. But it will also likely ignite debate once again over the IARC's role, as well as the safety of sweeteners more generally.

Persons: Coke, Shannon Stapleton, Health Organization's, JECFA, Nozomi Tomita, Zsuzsanna, Germany’s Bayer, Frances Hunt, Wood, Mars Wrigley, Kate Loatman, –, Jennifer Rigby, Richa Naidu, Michele Gershberg, Mark Potter Organizations: REUTERS, International Agency for Research, Cancer, Health, Joint WHO, Food, Agriculture Organization's, WHO, Reuters, Japan's Ministry of Health, Labour, Welfare, Food Safety Authority, U.S, International, Association, Cargill, International Council of Beverages Associations, Ramazzini Institute, EFSA, Pepsico, Thomson Locations: New York City, U.S, United States, Europe, Geneva, France, Italy, sodas

☆ Jan. 6 U.S. Capitol attack preceded by intelligence agency failures - Senate report
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: +4 min

Since then, the U.S. government has won hundreds of convictions against the rioters, with some getting long prison sentences. Trump currently is seen as the leading candidate to win the 2024 Republican presidential nomination. Intelligence agencies on Jan. 3-4, 2021, knew of multiple postings on social media calling for armed violence and storming the Capitol. The Senate report noted that the Office of Intelligence and Analysis had been criticized then for "over-collecting intelligence on American citizens," resulting "in a 'pendulum swing' after which analysts were then hesitant to report open-source intelligence they were seeing in the lead-up to January 6th." The report concluded there is a "clear need ... for a reevaluation of the federal government’s domestic intelligence collection, analysis, and dissemination processes."

Persons: Shannon Stapleton, Joe Biden, Jan, Gary Peters, Donald Trump, Trump, Biden, George Floyd, Richard Cowan, Jonathan Oatis Organizations: Police, Trump, U.S . Congress, U.S, Capitol, REUTERS, WASHINGTON, Senate Homeland Security, Governmental Affairs Committee, FBI, Department of Homeland Security, Republicans, Republican, Democrats, Democrat, Intelligence, DHS National Operations Center, DHS, of Intelligence, Thomson Locations: Washington , U.S, U.S, Washington, Minneapolis

☆ 5 key vessels playing a big role in Titan submersible search efforts
▼ + stars: | 2023-06-22 | by ( Brad Lendon | ) edition.cnn.com time to read: +2 min

• Motor Vessel Horizon Arctic: The Canadian 307-foot anchor handling vessel has a hangar for remotely operated vehicles (ROVs) with a launch and recovery system. The remotely operated vehicle, or ROV, Victor 6000. (The Titanic wreck is at almost 13,000 feet.) One other key piece of equipment in any rescue could be the US Navy’s Flyaway Deep Ocean Salvage System (FADOSS). A US official said Wednesday the Navy was trying to find and contract a ship that could carry the FADOSS.

Persons: •, John Cabot, Sean Leet, Stephane Lesbats, Victor, Shannon Stapleton Organizations: CNN — Marine, Atlantic, US, Coast Guard, Canadian Coast Guard, Horizon Maritime Services, Victor, French Oceanographic, Canadian Navy, Fleet, Reuters, Salvage, Wednesday, Navy Locations: Canadian, Glace Bay, Glace, New York, Magellan, Guernsey, British

The U.S. Securities and Exchange Commission sued Coinbase, accusing it of illegally operating without registration with the regulator. That happened a day after the SEC filed a lawsuit against Binance and its CEO, Changpeng Zhao. Coinbase shares were down 13.4% at $50.81 after earlier hitting their lowest level since January. Also, after falling earlier, Bitcoin , the world's biggest cryptocurrency, was up 1.4%. Coinbase had disclosed in March that it received a "Wells notice" from the SEC threatening a potential lawsuit over certain products.

Persons: Coinbase, Changpeng Zhao, Matt Stucky, Shannon Stapleton, Binance's cryptocurrency, Paul Grewal, we'll, Grewal, Manya Saini, Shristi, Sinéad Carew, Paul Simao Organizations: Coinbase, U.S . Securities, Exchange Commission, SEC, Binance, Global, Northwestern Mutual Wealth Management Company, Coinbase Global Inc, Nasdaq, Times, REUTERS, Mining, Marathon, Thomson Locations: Manhattan, New York, U.S, Bengaluru

☆ Striking Hollywood writers lament residuals slide
▼ + stars: | 2023-05-22 | by ( Dawn Chmielewski | ) www.reuters.com time to read: +5 min

The streaming residual check amounted to one-third of the $12,000 Jones received in residuals for writing one episode of the ABC drama "Queens." The writers argue that streaming services, which upended decades of television industry business practices, have significantly undercut their compensation. RESIDUALS WERE 'VERY HEALTHY'Streaming changed the compensation structure and now accounts for the largest share of TV residuals. One studio executive said writers negotiated a 46% increase in residuals for streaming programs, starting in 2022. The latest guild proposal would bump foreign streaming residuals by 200%, a number studio executives noted fails to recognize that subscription fees vary from country to country.

[1/2] E. Jean Carroll, former U.S. President Donald Trump rape accuser, walks at Manhattan Federal Court following a civil case, in New York City, U.S., April 26, 2023. Trump has so far not attended the trial, which began on April 25, but told reporters in Ireland last Thursday that he "probably" would attend. Kaplan has scheduled closing arguments for Monday, with jurors due to begin deliberations after that. Jurors also heard from two other women who said Trump sexually assaulted them in separate alleged incidents decades ago. In a video deposition played for the jury last Wednesday, Trump denied raping Carroll.

☆ Associated Press, New York Times win Pulitzers for Ukraine coverage
▼ + stars: | 2023-05-08 | by ( Joseph Ax | ) www.reuters.com time to read: +4 min

[1/2] The New York Times building is seen in Manhattan, New York, U.S., August 3, 2020. Eli Saslow, now with the Times, won the feature writing award for the Post. The annual Pulitzer awards, first presented in 1917, are the most celebrated honors in U.S. journalism. "The Pulitzer Prize board joins the many organizations around the world demanding Evan's immediate release," Brown said. In addition to the international reporting prize, the New York Times took the award for illustrated reporting and commentary.

☆ New Yorkers to protest chokehold killing on subway, demand criminal charges
▼ + stars: | 2023-05-05 | by ( Julia Harte | ) www.reuters.com time to read: +3 min

The examiner's homicide finding alone does not imply intent or culpability, which are issues that prosecutors will consider in deciding whether to bring criminal charges. The 24-year-old former Marine, who was white, was questioned by police and released on Monday, local media said. A video of the incident that has circulated on social media showed an unidentified passenger applying a chokehold to a man identified as Neely on the floor of a subway train for more than three minutes. Democratic U.S. Representative Alexandria Ocasio-Cortez, whose district includes neighborhoods in the New York City boroughs of the Bronx and Queens, said Neely was murdered and called for his killer's arrest. Reporting by Brendan O'Brien in Chicago and Julia Harte in New York Editing by Alistair BellOur Standards: The Thomson Reuters Trust Principles.

☆ Adidas expects bumpy year despite sales beating forecast
▼ + stars: | 2023-05-05 | by ( Helen Reid | ) www.reuters.com time to read: +2 min

REUTERS/Shannon StapletonLONDON, May 5 (Reuters) - Adidas (ADSGn.DE) on Friday forecast "a bumpy year with disappointing numbers" ahead after a dip in first quarter sales for the German sportswear giant. Despite the 1% sales drop, operating profit of 60 million euros ($66 million) beat analyst expectations of 15 million euros for the company, which last year ended a partnership with Ye, the rapper formerly known as Kanye West. Losing the highly profitable Yeezy line hit sales in the quarter by around 400 million euros, Adidas said, mainly hitting revenue across North America, Greater China and EMEA. Sales were 5.274 billion euros, down from 5.302 billion euros in the first quarter of 2022. Adidas' gross margin fell to 44.8% due to the loss of Yeezy sales, higher supply chain costs and discounts.

☆ Ed Sheeran Didn’t Steal From Marvin Gaye Song, Jury Finds
▼ + stars: | 2023-05-04 | by ( James Fanelli | ) www.wsj.com time to read: 1 min

Photo: Shannon Stapleton /ReutersEd Sheeran didn’t rip off a Marvin Gaye classic when he wrote his chart-topping ballad “Thinking Out Loud,” a New York federal jury found Thursday, deciding the British pop star didn’t commit copyright infringement. The case centered on allegations that Mr. Sheeran’s hit copied from Mr. Gaye’s “Let’s Get It On.” The plaintiffs, heirs of Ed Townsend, the R&B composer and producer who co-wrote the song with Mr. Gaye, sued Mr. Sheeran in 2017.

☆ Alphabet, Meta lure back advertisers as smaller rivals expected to struggle
▼ + stars: | 2023-04-27 | by ( Sheila Dang | ) www.reuters.com time to read: +3 min

This year, though, the social media ad market is expected to grow at a slightly faster pace than in 2022, according to a report last month from media and intelligence firm MAGNA. "Advertisers are simply going back to platforms they know, like and trust," said Brian Mulberry, a portfolio manager at Zacks Investment Management. The social media advertising market overall is expected to grow 6% this year to $66 billion, according to MAGNA. Last year, the social media ad market grew 2% in part because privacy updates by Apple Inc (AAPL.O) made it more difficult for advertisers to gather user data to serve targeted ads. Digital pinboard company Pinterest is expected to post a 3% year-over-year rise in quarterly revenue on Thursday, according to Refinitiv data.

Search resuls for: "shannon stapleton"

25 mentions found