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☆ Ikea says it's going to cut prices this year, and the company's comments on deflation should be setting competitors on edge
▼ + stars: | 2024-01-16 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Read previewCompanies across the board have been hiking prices massively in the last few years, citing relentless supply chain disruptions from the COVID-19 pandemic, geopolitical tensions, and Russia's war in Ukraine. Speaking to Reuters at the World Economic Forum in Davos, Switzerland, Broden acknowledged "quite significant deflation" upstream in its supply chain. AdvertisementIkea also has enough inventory to offset price hikes from any supply chain shocks, Brodin told the news agency. To be sure, Ikea hiked prices in 2022, citing supply chain bottlenecks and higher raw material costs, but the furniture giant started cutting price late last year, citing easing price pressures. US grocery giant Walmart signaled deflation in November as well — but that was before the Red Sea Houthi attacks dragged into the new year.

Persons: —, Jesper Brodin, Broden, Brodin, It's Organizations: Service, Business, Ingka, Ikea, Reuters, Red, Economic, Energy Locations: Ukraine, Davos, Switzerland, London, Russia

CNN —A US Army sergeant who was convicted of murdering a protester at a Black Lives Matter rally in 2020 was sentenced to 25 years in prison Wednesday morning – even as Texas’ governor pushes to pardon him. In April, a Texas jury convicted Perry of murder but found him not guilty on a charge of aggravated assault with a deadly weapon. The governor can only pardon Perry if the Board of Pardons and Paroles recommends it, according to Texas law. And in a June 1, 2020, social media comment, Perry compared the Black Lives Matter movement to “a zoo full of monkeys that are freaking out flinging their sh*t,” the documents show. CNN reached out to the governor’s office for comment on the social media posts.

☆ US Army sergeant sentenced to 25 years for Black Lives Matter protester's murder
▼ + stars: | 2023-05-10 | by ( ) www.reuters.com time to read: +2 min

Daniel Perry was found guilty last month of shooting to death 28-year-old Garrett Foster, a U.S. Air Force veteran, at a Black Lives Matter rally in Austin, Texas. He said the state's "stand your ground" law justified Perry's actions and could not be "nullified by a jury or progressive district attorney," Abbott said at the time. Perry's defense lawyers said they were disappointed with the sentence, but would focus to appealing the case and cooperating with the state's pardon process. Jose Garza, the district attorney for Travis County, where the case was tried and where Austin is located, is a Democrat. The shooting came moments after Perry, who was driving for Uber, happened upon a group of protesters, including Foster, marching downtown.

☆ Daniel Perry, convicted of murder for shooting a protester at a Black Lives Matter rally, will be sentenced today
▼ + stars: | 2023-05-09 | by ( Nouran Salahieh | ) edition.cnn.com time to read: +3 min

CNN —A US Army sergeant convicted of murdering a protester at Black Lives Matter rally is set to be sentenced Tuesday morning – amid moves from Texas’ governor to pardon him. Perry’s legal team argued his actions were justified as self-defense, saying Foster had approached Perry’s car with an assault-style rifle and motioned for Perry to lower his window. The governor can only pardon Perry if the Board of Pardons and Paroles recommends it, according to Texas law. Broden said Foster also made social media posts advocating for violence and supporting riots, most of which can’t be made public due to Texas discovery rules. CNN reached out to the governor’s office for comment on the social media posts.

☆ Opinion: Is Tucker Carlson the reason Texas Gov. Abbott says he’ll pardon a convicted killer?
▼ + stars: | 2023-04-10 | by ( Dean Obeidallah | ) edition.cnn.com time to read: +7 min

Abbott’s pardon announcement came after he was goaded to do so by figures on the right – from Fox News host Tucker Carlson to the chairman of the Texas Republican Party to Kyle Rittenhouse. There are conflicting accounts as to whether Foster pointed his weapon at Perry or Perry made the first move. They are rioting outside my apartment complex.” Defense attorneys said that Foster had threatened Perry by pointing his gun at Perry. Then Carlson and others on the right began to pressure Abbott to issue a pardon, because they didn’t agree with the verdict. On his Fox News show on Friday night, Carlson called on Abbott to pardon Perry, arguing that the defendant had acted in self-defense – despite the jury rejecting that argument.

☆ Aflac CFO Taps Japanese Debt Investors to Bring Down Interest Costs
▼ + stars: | 2022-11-02 | by ( Nina Trentmann | ) www.wsj.com time to read: +7 min

CFO Journal spoke to Chief Financial Officer Max Brodén about the considerations for the transaction and what Aflac has done with the proceeds. WSJ: Aflac recently sold about $1.21 billion in debt to Japanese investors. Mr. Brodén: We issued a total of 180 billion yen [equivalent to about $1.21 billion]. We are replacing debt that we were paying 3.49% for with new debt that we’re paying 0.89% for. Mr. Brodén: The yen market is not as deep as the U.S. dollar market.

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