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☆ Shuttered South African airline Comair sues Boeing over 737 MAX purchases
▼ + stars: | 2023-02-07 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

WASHINGTON, Feb 7 (Reuters) - A shuttered South African airline sued Boeing Co (BA.N) for fraud over its agreement to buy eight 737 MAX planes and seeks damages of at least $83 million. The airline said Boeing refused to return $45.2 million in advance payments it made on seven MAX planes. Polish national airline PLL LOT sued Boeing in late 2021 in Seattle on similar grounds over 737 MAX purchases and the suit is pending. LOT in October asked a U.S. judge in Texas to declare it was a crime victim in the Boeing 737 MAX criminal case and said it has at least $250 million in damages. U.S. District Judge Reed O'Connor ruled in October people killed in two Boeing 737 MAX crashes are legally "crime victims."

☆ Estée Lauder Sales Hit Again by China’s Covid Lockdowns
▼ + stars: | 2023-02-02 | by ( Dean Seal | ) www.wsj.com time to read: 1 min

Estée Lauder tempered its outlook for the second half of its fiscal year. Estée Lauder Cos. reported declining sales for a third consecutive quarter as Covid-19 lockdowns in China and retailers tightening their inventories continued to weigh on its business. The New York-based cosmetics company, with brands from Clinique to M.A.C., on Thursday also tempered its outlook for the second half of its fiscal year amid a slower-than-expected rebound in travel-related retail sales.

There's a new reason to consider the Delta American Express cards — a 15% discount on award flights. The new "TakeOff 15" benefit is permanent, and applies to the personal and small-business versions of the Amex Delta Gold, Delta Platinum, and Delta Reserve cards. If you redeem Delta miles for Delta flights with any regularity, it might make sense to open a Delta card for this benefit. That's double the miles of the previous card bonus, which was 50,000 bonus miles and 10,000 MQMs after meeting minimum spending requirements. Review: Amex Business Delta Reserve card reviewDo you qualify for the Delta credit card bonuses?

☆ Instant View: Adani's $2.5 billion offer rides out share storm with investor backing
▼ + stars: | 2023-01-31 | by ( ) www.reuters.com time to read: +5 min

COMMENTARYAMBAREESH BALIGA, INDEPENDENT MARKET ANALYST, MUMBAI"The FPO did get subscribed, thanks to a few institutional as well as large family offices. DEEPAK JASANI, HEAD OF RETAIL RESEARCH, HDFC SECURITIES, MUMBAI"For Indian markets, one of the concern areas is out of the way for the time being as this was weighing on investor sentiment. Since the current market price is below the offer price, the retail subscription was low as investors can rather buy it from the market." That was their focus area considering the fact that there was a difference between the market price and the floor price of the FPO. It seems that retail investors did not consider the fact that there is more to rates than just the price."

☆ This one side hustle for introverts can bring in thousands of dollars in passive income per month
▼ + stars: | 2023-01-29 | by ( Gili Malinsky | ) www.cnbc.com time to read: +3 min

These are pretty social hustles, though, and if you're more of an introvert, spending your off-time interacting with others can be draining. Rachel Jiminez opened her Etsy store in 2019 and sells hundreds of printables ranging from Christmas scavenger hunts to digital planners. February might be a good time for Valentine's ideas, April might be a good month for Easter-based ideas, and so on. Jiminez perfected her Etsy-selling skills after taking Julie Berninger's course about opening an Etsy store for printables. She herself brings in about $1,000 per month in passive income from the site.

☆ Fact Check-Fabricated Montana Governor Gianforte tweet claiming child was ‘immaculately conceived’ is shared online
▼ + stars: | 2023-01-27 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

A fabricated screenshot that purports to show a tweet published by the Governor of Montana claiming a child of his was “immaculately conceived” has been shared online. The screenshot shows what resembles a tweet from Governor Greg Gianforte’s Twitter account that reads, in part, “Much like my Lord and Savior Jesus Christ, my child was immaculately conceived.”Examples of the image are viewable (bit.ly/3HDgZ7x) and (bit.ly/3HCxHnm). A spokesperson for Gianforte told Reuters: “The governor did not tweet this absolutely absurd tweet.”A Twitter advanced search via Gianforte’s Twitter account did not reveal any such post (archive.is/wip/URInq). A Google advanced search did not reveal any media outlets reporting on the supposed post either (archive.is/wip/bMr27). Reuters did not find any media reports suggesting that Gianforte made any related claim in the past (archive.is/wip/eLBJI).

☆ Before JPMorgan accused Charlie Javice of inventing millions of fake customers, the Frank founder settled with the federal government over accusations she was misleading students
▼ + stars: | 2023-01-12 | by ( Katherine Long | ) www.businessinsider.com time to read: +5 min

Visitors to Frank's website could get the mistaken impression that the company was affiliated with the federal government, the Department of Education said in 2017. The Department argued that Frank's website was "likely to confuse consumers." The Department stated in a cease and desist letter that Frank could be misleading applicants looking for the government's official FAFSA website. On social media and elsewhere, Frank sometimes referred to the form as "Frank's FAFSA," according to the settlement. In numerous media interviews, including with Insider, Javice has cast herself as a mold-breaking entrepreneur.

☆ The 8 best states to win the $1.1 billion Mega Millions jackpot
▼ + stars: | 2023-01-10 | by ( Mike Winters | ) www.cnbc.com time to read: +2 min

After weeks without a winner, the Mega Millions jackpot is now $1.1 billion — the third largest in the lottery's 27-year history and the fifth-largest ever in the U.S. But depending on where you bought your ticket, those winnings can vary by as much as $120 million due to state taxes. State taxes are charged, too, but unlike federal taxes, they vary widely by state. The cash payout is much less than the annuity, but it's often chosen since it can be reinvested right away. The cash payout is nearly $63 million more in tax-free states than in New York, the most-taxed state.

☆ Pitch Decks That Advertising Tech Startups Used to Raise Millions
▼ + stars: | 2023-01-10 | by ( Business Insider | ) www.businessinsider.com time to read: +19 min

Check out these pitch decks that they've used to sell their vision and raise millions from private equity and VC investors. Blocking ad fraudAdtech startup Lunio, announced a $15 million Series A funding round in September 2022. In May 2022, the software-as-a-service startup raised a $30 million Series B round, led by Insight Partners. Marketing in the metaverseAnima, an augmented-reality startup, raised a $3 million funding round from investors in Janury. He raised $50 million in Series D after closing a $34 million Series C last year, bringing its total raised to $100 million.

☆ Factbox: The 10 biggest U.S. retail bankruptcies in 5 years
▼ + stars: | 2023-01-09 | by ( ) www.reuters.com time to read: +4 min

J.C. PenneyAssets: $7.99 billionLiabilities: $7.16 billionStores: 846After more than a century in business, the department store chain filed for bankruptcy protection in May 2020, weighed down by mounting debt. At the time, its bankruptcy was the biggest collapse of a U.S. retailer by assets since Kmart in 2002. It soon emerged from bankruptcy with much of its store base intact and $400 million in fresh financial aid. Tailored BrandsAssets: $2.48 billionLiabilities: $2.84 billionStores: Over 1,400The owner of tuxedo and business suit chain Men's Wearhouse filed for bankruptcy in August 2020. It emerged from bankruptcy just days short of a year since it filed for bankruptcy under a new name, Premier Brands.

☆ Mega Millions jackpot is up to $785 million—here's how much you'd actually take home in each state
▼ + stars: | 2023-01-03 | by ( Mike Winters | ) www.cnbc.com time to read: +1 min

The Mega Millions jackpot is now at $785 million, its fourth-highest total ever. If you're lucky enough to win the Mega Millions jackpot, your ticket will have to be cashed in the state where it was purchased. You can choose between two payout options: A lump sum worth about 50% of the total winnings or an annuity of the full amount paid out over 30 years. That amount can be further reduced by state taxes on lottery winnings, which vary from nothing at all in states like California to 10.9% in New York, which charges the most of any state. Below is the total after-tax winnings you'd take home based on a jackpot of $785 million, listed alphabetically by state or district, per usamega.com.

☆ European shares eye upbeat end to week on banks, healthcare boost
▼ + stars: | 2022-12-23 | by ( Amruta Khandekar | ) www.reuters.com time to read: +3 min

SummarySummary Companies STOXX 600 rises 0.2%Banks, healthcare firms gainBavarian Nordic at the top of STOXX 600Italian business morale rises in DecemberDec 23 (Reuters) - Europe's STOXX 600 edged higher on Friday, with gains in healthcare firms and banks putting the index on course to end the last week before Christmas on an upbeat note. The region-wide STOXX 600 (.STOXX) rose 0.2% at 0915 GMT and was bound for a 0.8% weekly advance. Morale amongst Italian businesses and consumers rose in December, data showed on Friday, although the manufacturing sector was more downbeat. On the economic data front, a report showed Spain's economy expanded 0.1% in the third quarter, slowing from a 2.0% growth rate in the previous three-month period. Among STOXX 600 sectors, shares of retailers (.SXRP) rose 0.6% to lead gains.

From the Bloomfield Tahi familyComing to the plate during the kickball game, Paula was chirping at an older cousin playing first base, who’d recently torn his A.C.L. From the Bloomfield Tahi familyPaula was a voraciously social teenager, a cannonball of comic, kinetic energy. He lived with his parents, six of his sisters, his grandma, his aunt and uncle and their six children. From the Bloomfield Tahi familyTo lessen his boredom, the family treated Paula to a road trip to see a favorite uncle in California. He’d try to run off.”On Jan. 13, Paula Tupou Bloomfield Tahi was shot during an altercation with other teenagers near his school in West Valley City, Utah.

For years, in fact, Paula clownishly put all those larger cousins on notice, warning them that he’d one day beat them up. From the Bloomfield Tahi familyComing to the plate during the kickball game, Paula was chirping at an older cousin playing first base, who’d recently torn his A.C.L. From the Bloomfield Tahi familyPaula was a voraciously social teenager, a cannonball of comic, kinetic energy. From the Bloomfield Tahi familyTo lessen his boredom, the family treated Paula to a road trip to see a favorite uncle in California. He’d try to run off.”On Jan. 13, Paula Tupou Bloomfield Tahi was shot during an altercation with other teenagers near his school in West Valley City, Utah.

Since age 8, Paula played in a kind of Little League feeder program for Hunter High School in West Valley City. And so, ever since he was tiny, Paula wore Hunter High School Wolverines sweatshirts. From the Bloomfield Tahi familyPaula was a voraciously social teenager, a cannonball of comic, kinetic energy. From the Bloomfield Tahi familyTo lessen his boredom, the family treated Paula to a road trip to see a favorite uncle in California. He’d try to run off.”On Jan. 13, Paula Tupou Bloomfield Tahi was shot during an altercation with other teenagers near his school in West Valley City, Utah.

And whenever any of these cousins gathered to play kickball — whenever the cousins gathered at all — the name-calling and smack talk flew lovingly in all directions. For years, in fact, Paula clownishly put all those larger cousins on notice, warning them that he’d one day beat them up. “Wait until I hit 18,” he’d say. From the Bloomfield Tahi familyPaula was a voraciously social teenager, a cannonball of comic, kinetic energy. From the Bloomfield Tahi familyTo lessen his boredom, the family treated Paula to a road trip to see a favorite uncle in California.

☆ Citi/AAdvantage cardholders can now book American Airlines flights with Citi Flex Pay, but it may cost you more then it's worth
▼ + stars: | 2022-12-13 | by ( Tessa Campbell | Personal Finance Reviews Fellow | Read More | ) www.businessinsider.com time to read: +27 min

Book your American Airlines flight with your Citi/AAdvantage credit card and select Citi Flex Pay to spread payments over time. Hinterhaus Productions/Getty ImagesCiti/AAdvantage cardholders can now use Flex Pay for large American Airlines purchases. Now, with your eligible Citi/AAdvantage credit card you can book any American Airlines flight (must be worth $75 or more), and pay down the large purchase in smaller, equal monthly payments. Earn American Airlines AAdvantage miles with no annual fee Check mark icon A check mark. How to pay for your flight with Citi Flex PayCiti/AAdvantage cardholders can choose the Flex Pay option at checkout either on aa.com or through the American Airlines app.

Aura provides comprehensive credit monitoring and additional identity protection services for individuals, couples, and families. Editor's Rating 4.6 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.6 out of 5 Stars Pros & Cons Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. In addition to credit monitoring and other financial account monitoring, Aura also offers several safety tools including a VPN service and ad blockers. Credit monitoring is the process of keeping tabs on changes to your credit report, which influence fluctuations in your credit score. The basic function of credit monitoring services, like Aura, is to notify you when there are any changes in your credit report, such as a new line of credit.

☆ Colombia's Ecopetrol to invest up to $6.2 bln in 2023
▼ + stars: | 2022-12-09 | by ( ) www.reuters.com time to read: +2 min

BOGOTA, Dec 9 (Reuters) - Colombia's majority state-owned oil company Ecopetrol will invest up to around 30 trillion pesos ($6.2 billion) in 2023, it said on Friday, with the main focus on energy security rather than energy transition. Third-quarter net profits more than doubled to 9.51 trillion pesos, Ecopetrol reported last month. Ecopetrol plans to invest between 25.3 trillion pesos and 29.8 trillion pesos. Of that, between 15.8 trillion pesos and 18.9 trillion pesos will ensure Columbia's energy security and financial stability and boost the country's trade balance, it said. Other investments include some 3.6 trillion pesos to 4.1 trillion pesos will go towards ensuring Colombia's self-sufficiency in gas, while 5.9 trillion pesos to 6.8 trillion pesos will fund the company's energy transition, it said.

☆ Fund manager names two global retailers that are about to 'dominate'
▼ + stars: | 2022-12-05 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

London-listed retailers Frasers Group and Next are two clothing retailers that will "dominate" the sector during a recession, according to a veteran Schroders fund manager. Andrew Brough, who runs the Schroder UK Mid Cap Fund, said the two conservatively run companies are well placed to expand and take market share during a downturn through acquisitions. Shares of Frasers Group have risen by 30.6% over the past year, outperforming the FTSE 350 general retailers index, which has fallen by 29.3% over the same period. Frasers Group is Brough's largest holding, making up 6.7% of his fund. Brough, who's run his fund for 23 years, said he was more optimistic than others about the U.K.'s economy over the near term.

☆ LeBron James passes Magic Johnson on NBA’s career assists list
▼ + stars: | 2022-12-03 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +1 min

CNN —LeBron James moved past Magic Johnson for sixth place on the NBA’s all-time assists list as the Los Angeles Lakers took a hard earned 133-129 win over the Milwaukee Bucks. James added 28 points in a match where the lakers managed to hold off the Milwaukee Bucks, winning 133-129. James finished the match with 11 assists in total, taking his tally to 10,144. “It means a lot, obviously,” James said, of surpassing Johnson’s assists, according to NBA.com. James is now creeping closer to the title of NBA all-time leading scorer, and is currently 936 career points behind Kareem Abdul-Jabbar.

☆ United States to end mpox emergency declaration
▼ + stars: | 2022-12-02 | by ( ) www.reuters.com time to read: +3 min

Dec 2 (Reuters) - Mpox is expected to no longer be considered a public health emergency in the United States from Feb. 1, 2023, the U.S. health department said on Friday. The months-long declaration was meant to tackle the largest-ever outbreak of cases in the country. The WHO label, a "public health emergency of international concern (PHEIC)", is designed to trigger a coordinated international response and could unlock funding to collaborate on sharing vaccines and treatments. The disease, which is endemic in parts of Africa, began spreading in Europe earlier this year before moving to the United States. More than 29,000 cases have been reported in the United States in the outbreak this year, including two deaths, according to government data.

☆ Yahoo eyes retail stock trading in growth push - Axios
▼ + stars: | 2022-11-29 | by ( ) www.reuters.com time to read: +1 min

Nov 29 (Reuters) - Yahoo plans to add retail stock trading and enter new commerce and transaction businesses such as sports betting in a move to boost its revenue, news website Axios reported on Tuesday citing an unnamed company source. The owner of websites such as Yahoo Finance, Yahoo Sports and TechCrunch generates around $8 billion in revenue annually, the report said. Private equity firm Apollo Global Management, which owns Yahoo following a $5 billion buyout last year, did not immediately respond to a Reuters request for comment. The report comes a day after Yahoo said it will buy nearly 25% of Taboola.com Ltd (TBLA.O) and become its largest shareholder, allowing the online advertising company to exhibit paid content on the web portal's many sites. Reporting by Tiyashi Datta in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

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