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☆ Keurig Dr Pepper CEO resigns after violating company's code of conduct
▼ + stars: | 2022-11-10 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

Keurig Dr Pepper announced Thursday that CEO Ozan Dokmecioglu agreed to resign after violating the company's code of conduct, less than four months into the job. Keurig Dr Pepper's board reappointed Bob Gamgort, chairman and former CEO, as chief executive. Keurig Dr Pepper's stock has risen 3% this year, increasing its market value to $54.4 billion. Prior to becoming CEO, Dokmecioglu served as chief financial officer for the company, helping Keurig Green Mountain go private in 2016 and with its merger with Dr Pepper Snapple in 2018. Its subsidiary Maple Holdings still holds a 33% stake in Keurig Dr Pepper.

☆ Japanese consortium submits 2.2 trln yen Toshiba bid, Nikkei reports
▼ + stars: | 2022-11-07 | by ( ) www.reuters.com time to read: +1 min

TOKYO, Nov 7 (Reuters) - A consortium of more than 10 Japanese companies, led by the Japan Industrial Partners investment fund, has submitted a bid to buy Toshiba Corp (6502.T) for about 2.2 trillion yen ($15.01 billion), the Nikkei newspaper reported on Monday. The consortium, including Chubu Electric Power Co Inc (9502.T) and Orix Corp (8591.T), appears not to have obtained commitment letters from banks but is aiming to complete the lending deal by end-November if Toshiba accepts the bid to go private, Nikkei said. Japanese companies in the consortium will spend about 1 trillion yen, while multiple overseas funds decided not to join the bid due to expectations for low returns, the newspaper added. When asked for a comment on the report, a Toshiba representative said the company "cannot answer information about candidates, including co-investors, as it may undermine fair process". ($1 = 146.5400 yen)Reporting by Kantaro Komiya and Makiko Yamazaki; Editing by David Goodman and Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.

☆ Investigators are looking for dozens of expensive gifts given to Trump and his family by foreign governments, report says
▼ + stars: | 2022-11-06 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

Congressional investigators are looking for gifts given to Trump and his family by foreign governments. The House Oversight Committee has asked whether the gifts were transferred to the National Archives. The Oversight committee launched a probe this summer into whether Trump properly followed the Foreign Gifts and Decorations Act, which prevents government officials from keeping gifts from foreign governments with a value of over $415, unless they personally pay for them. Although there is no specific criminal penalty for improperly retaining the gifts, ethics experts say that it could be warranted depending on the circumstances, per The Post. The committee has also requested records from Trump's team about its record-keeping, a Trump adviser told the paper.

☆ Elon Musk told Mark Ruffalo not everything AOC says is accurate after the actor begged him to get off Twitter following criticism from the lawmaker
▼ + stars: | 2022-11-06 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

Elon Musk and Rep. Alexandria Ocasio-Cortez feuded this week following his takeover of Twitter. After actor Mark Ruffalo got involved, Musk told him not to believe everything the lawmaker says. Ocasio-Cortez later said she was "conveniently" having problems with her Twitter account following the exchanges with Musk. Mark Ruffalo got involved on Friday, retweeting Ocasio-Cortez and begging Musk to leave Twitter: "Elon. Earlier in the week, Musk exchanged tweets with author Steven King, who bashed an initial suggestion for the subscription cost to be $20 a month.

☆ AOC says her Twitter account stopped working properly after she criticized Elon Musk
▼ + stars: | 2022-11-03 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

AOC said she was having issues with her Twitter account following a spat with Elon Musk. The pair had been discussing Musk's decision to charge Twitter users for blue ticks. The lawmaker began by slamming Musk's controversial plans to charge users for verification on the platform. Public figures, including Stephen King, have criticized plans to charge verified Twitter users for blue ticks. Representatives for Musk and Ocasio-Cortez did not immediately respond to Insider's request for comment made outside of normal working hours.

☆ Atthaya Thitikul: Thai teen becomes second youngest women's world No. 1 golfer
▼ + stars: | 2022-11-01 | by ( Jack Bantock | ) edition.cnn.com time to read: +9 min

In doing so Thitikul becomes the second youngest golfer to reach the summit of the women’s game. Already a two-time winner on the LPGA Tour, Thitikul is also only the second player – after Park Sung-hyun – to have reached the world No.1 slot in their rookie season. Henderson has since racked up eight wins on the LPGA Tour, her most recent coming at the LA Open in April 2021. She won her first LPGA Tour event in March 2022 at the JTBC Classic in Southern California (pictured), and in May, rose to No. 1 ranking in 2015, and today boasts 17 victories on the LPGA Tour.

☆ Another day, another recent IPO exits the public market. How to pick who might be next
▼ + stars: | 2022-10-27 | by ( Christina Cheddar Berk | ) www.cnbc.com time to read: +3 min

The company, which is known for its customer experience tools, went public last November at $14 a share. Its stock stumbled on its opening day and shares never traded above $15.98, a high reached Nov. 17, 2021. With this deal, UserTesting becomes the latest recent IPO to go private. A number of tech companies were on the list as well, including Braze , a company that went public the same day as UserTesting. The UserTesting deal has been approved by the board, but is subject to a "go-shop" period that ends on Dec. 10.

Weber , which went public in August 2021 and is trading at half its offering price, is the latest example of a recent IPO to attract a bid to go private. Recent IPOs ducking for the door First, to understand why we selected these criteria, let's look at the recent deals. Kennedy Lewis' $4 per share cash offer was an 83% premium to F45's closing price ahead of the deal announcement, even though it was far below the stock's $16 IPO price. Even with the lift from the deal news, shares are only trading at less than half its $14 IPO price. Private equity company AEA Investors had a 28.4% stake in the company, and CEO Jeremy Andrus owns an 11% stake, according to FactSet.

☆ Walmart is now selling over-the-counter hearing aids after FDA rule change
▼ + stars: | 2022-10-17 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +2 min

The move comes shortly after the US Food and Drug Administration announced a long-awaited rule change in August pertaining to hearing aids. The retailer said shoppers can now buy the OTC hearing aids on Walmart.com and in Walmart Vision Centers in Colorado, Michigan, Missouri, Ohio, Pennsylvania, Tennessee and Texas. Lexie self-fitting hearing aids powered by Bose (priced at $849). About a quarter of people 65 to 74 have hearing loss, and that goes up to 50% around age 75. The FDA said its rule change would make hearing aids much more widely available and much cheaper across the country.

☆ Super-rich keeping flying private despite surging fuel costs making charters even more expensive
▼ + stars: | 2022-10-16 | by ( Stephen Jones | ) www.businessinsider.com time to read: +4 min

Surging fuel, inflation, and labor costs have sent private jet charter prices up significantly. It's a similar story for flyExclusive, another private jet charter firm. "So far it hasn't negatively impacted demand," Seagrave tells Insider, but admits that further price rises may have an impact sooner or later. For flyExclusive passengers, fuel represents between a quarter and 37% of the charter cost, Seagrave tells Insider. VistaJet runs a membership service which means its customers pay an hourly fee, but they still have to pay a fuel surcharge, Qi says.

☆ Cybersecurity firm KnowBe4 to go private in $4.6 bln deal with Vista Equity Partners
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +2 min

Oct 12 (Reuters) - KnowBe4 Inc (KNBE.O) on Wednesday agreed to go private in a sweetened $4.6 billion deal with Vista Equity Partners, the latest cybersecurity firm to be snapped up by private equity in this year's market downturn. Private equity firms have been scooping up technology companies whose shares have taken a beating this year from worries over rising interest rates and an economic slowdown. The KnowBe4 deal, expected to close in the first half of 2023, will be financed through a mix of debt and equity financing. Morgan Stanley & Co LLC was serving as financial advisor to KnowBe4's special committee and Guggenheim Securities LLC was financial advisor for Vista. Register now for FREE unlimited access to Reuters.com RegisterReporting by Savyata Mishra in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

☆ Trump explicitly told employees to move boxes of White House documents to his Mar-a-Lago residence weeks before the FBI search, sources tell The Washington Post
▼ + stars: | 2022-10-12 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

Donald Trump was subpoenaed in May for additional sensitive White House records in his possession. A Trump worker alleged that Trump then told employees to move boxes of documents, per a WaPo report. Prior to the FBI search, the Justice Department issued a subpoena on May 11, seeking additional sensitive documents that may still be in Trump's possession. The findings prompted the records agency to refer the matter to the Justice Department. Budowich also accused the Justice Department of leaking "misleading and false information to partisan allies in the Fake News" in his statement to The Post.

☆ An $82 million mansion that's still under construction broke Dubai's real-estate record, and its design includes 18 bathrooms and a garage for 15 cars
▼ + stars: | 2022-10-03 | by ( Amanda Goh | ) www.businessinsider.com time to read: +3 min

An $82 million Palm Jumeirah villa is now the most expensive home ever sold in Dubai. The previous record was set in early April by the sale of a $76.2 million villa, also in Palm Jumeirah. Known as Casa Del Sole, the villa is located on Frond G of the Palm Jumeirah, per Bloomberg. In the exclusive neighborhoods of Palm Jumeirah, Emirates Hills, and Jumeirah Bay Island, only eight new homes are expected to be completed between 2023 and 2025, per Knight Frank. Dubai's previous real-estate record was set in early April by the sale of a $76.2 million villa, also in Palm Jumeirah.

Many companies that have shifted enterprise-technology tools into the cloud in recent years, in part as a cost-saving measure, say those investments have yet to pay off. Rather than run software and systems in their own hardware, commercial cloud users tap computing capabilities from providers such as Amazon.com Inc. and Microsoft Corp. They are also turning to multiple cloud providers, rather than relying on one cloud, for different systems and applications for different business areas. “Many first movers expected significant IT cost efficiency from their cloud investments,” said Barry Brunsman, a principal in KPMG’s CIO Advisory group. “You really do need to not just take it for granted that cloud is where you should head,” she said.

☆ Don't bet that the bottom is in for what were high-growth tech stocks, private equity investors say
▼ + stars: | 2022-09-28 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +6 min

But the washout may not have reached its end game yet, according to two top private equity investors. Investors need to be able to model long-term growth rates and profitability, and that could take a while, he added. Both private equity leaders see consolidation among tech companies as a precondition to going public in the future. There were too many companies in many of the new tech niches where investors backed public offerings in recent years, Ford says. "Make the right investment decisions to fund long-term growth," he said.

WASHINGTON — Rep. Liz Cheney launched a blistering attack on Donald Trump and his allies Monday, accusing Republican leaders of treating the former president like a “king” by defending him at every turn in a federal investigation into classified documents stored at his Florida estate. They are attempting to excuse this behavior,” Cheney, R-Wyo., said in a speech at the American Enterprise Institute, a conservative think tank. (SCI is short for “sensitive compartmented information.”)"Bit by bit, excuse by excuse, we’re putting Donald Trump above the law. “No one should take our effort to reform the electoral count as any indication that Donald Trump did not violate the existing law or did not violate the Constitution,” she said. “Mike Pence was essentially the president for most of that day,” Cheney said.

☆ Trump claims that people he knows are being threatened to say 'bad things' about him or face jail
▼ + stars: | 2022-09-18 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +2 min

Donald Trump claimed people who know him are being threatened with jail time unless they denounce him. "They go in, and they take good people, and they say 'you're going to jail for ten years, you're going to jail for five years unless you say something bad about Trump, in which case you won't have to go to jail.'" Trump claimed that these unnamed people are not succumbing to the threats because they are "legitimate" people. 'Trump spied on Obama's campaign' – could you imagine what it would be? Trump was speaking at the rally in support of Republican Senate candidate JD Vance.

☆ Wells Fargo is paying $131.8 million to retirement-plan participants after an investigation found the plan overpaid for company stock
▼ + stars: | 2022-09-13 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Wells Fargo is paying $131.8 million to 401(k) participants to settle a probe by the DOL. The DOL said it found that the plan overpaid for company stock purchased between 2013 and 2018. Wells Fargo said it "strongly disagrees" with the allegations. Wells Fargo and GreatBanc didn't admit or deny the allegations as part of the settlement, the DoL said, though Wells Fargo said in a statement Monday that it "strongly disagrees" with the allegations. The plan borrowed money from Wells Fargo to purchase the preferred stock between 2013 and 2018, the DoL found.

☆ Digital World Acquisition Corp urges shareholders to delay merger with Trump Media
▼ + stars: | 2022-09-03 | by ( Jack Stebbins | ) www.cnbc.com time to read: +4 min

Trump Media and Technology Group and the SPAC have faced increasing scrutiny in recent months. DWAC and Trump Media face a Thursday deadline to complete the merger, and the SPAC is eagerly seeking an extension. Trump Media and Technology Group and Truth Social were founded after Trump was banned from Twitter following the Jan. 6, 2021, Capitol riot. Trump Media announced in October 2021 that it would merge with DWAC to take the company public. Trump Media, headed by Republican former U.S. Rep. Devin Nunes, has said it also plans on launching TMTG News and TMTG+ video streaming services.

☆ Is this Nigerian teen the next women's golf prodigy?
▼ + stars: | 2022-08-22 | by ( Jackie Prager | ) edition.cnn.com time to read: +10 min

She remembers the day her dad took her to a golf course in Abuja, where she saw a boy teeing off. As she continues to make a name for herself and her country, Nigerian president Muhammadu Buhari is taking notice. "He just keeps playing golf and he really loves the sport, even though he's not winning." Hide Caption 6 of 8 Photos: Golf's greatest-ever prodigies Arguably the greatest golfer never to go pro, Bobby Jones is one of the sport's most influential figures. According to the Nigerian Golf Federation, there are only 58 courses in the country.

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